%PDF-1.5 1 0 obj <> endobj 3 0 obj <>] /Rotate 0 /Contents 4 0 R>> endobj 4 0 obj <> stream BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 179.45 742.80 Td (UNITED ST) Tj ET Q q 0 0 0 rg BT 224.97 742.80 Td (A) Tj ET Q q 0 0 0 rg BT 230.47 742.80 Td (TESSECURITIES ) Tj ET Q q 0 0 0 rg BT 301.48 742.80 Td (AND EXCHANGE COMMISSION) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.95 732.00 Td (W) Tj ET Q q 0 0 0 rg BT 260.45 732.00 Td (ASHINGT) Tj ET Q q 0 0 0 rg BT 299.78 732.00 Td (ON, D.C. 20549) Tj ET Q BT /F2 14.00 Tf ET q 0 0 0 rg BT 268.05 712.20 Td (FORM 10-K) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.00 698.40 Td (\(Mark One\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.30 684.60 Td ([ x ] ) Tj ET Q q 0 0 0 rg BT 185.05 684.60 Td (ANNUAL) Tj ET Q q 0 0 0 rg BT 222.71 684.60 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 253.43 684.60 Td (T) Tj ET Q q 0 0 0 rg BT 258.76 684.60 Td ( PURSUANT) Tj ET Q q 0 0 0 rg BT 308.36 684.60 Td ( ) Tj ET Q q 0 0 0 rg BT 310.45 684.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.78 684.60 Td (O SECTION 13 OR 15\(d\) OF ) Tj ET Q q 0 0 0 rg BT 426.12 684.60 Td (THE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.80 673.80 Td (SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 332.30 673.80 Td (ACT) Tj ET Q q 0 0 0 rg BT 350.14 673.80 Td ( OF 1934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 230.75 660.00 Td (For the fiscal year ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.47 660.00 Td (August31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.22 660.00 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.25 646.20 Td (or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 176.65 632.40 Td ([] ) Tj ET Q q 0 0 0 rg BT 193.73 632.40 Td (TRANSITION REPOR) Tj ET Q q 0 0 0 rg BT 278.44 632.40 Td (T) Tj ET Q q 0 0 0 rg BT 283.78 632.40 Td ( PURSUANT) Tj ET Q q 0 0 0 rg BT 333.38 632.40 Td ( ) Tj ET Q q 0 0 0 rg BT 335.46 632.40 Td (T) Tj ET Q q 0 0 0 rg BT 340.80 632.40 Td (O SECTION 13 OR 15\(d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 210.00 621.60 Td (OF ) Tj ET Q q 0 0 0 rg BT 223.59 621.60 Td (THE SECURITIES EXCHANGE ) Tj ET Q q 0 0 0 rg BT 347.84 621.60 Td (ACT) Tj ET Q q 0 0 0 rg BT 365.68 621.60 Td ( OF 1934.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 234.35 607.80 Td (For the transition period from) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 341.33046875 606.60029296875 m 368.33046875 606.60029296875 l s q 0 0 0 rg BT 341.33 607.80 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.33 607.80 Td ( to ) Tj ET Q BT /F1 9.00 Tf ET 0 0 0 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 379.83095703125 606.60029296875 m 406.83095703125 606.60029296875 l s q 0 0 0 rg BT 379.83 607.80 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 243.10 594.00 Td (Commission File Number 0-22496) Tj ET Q BT /F2 18.00 Tf ET q 0 0 0 rg BT 141.65 569.40 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 309.22 569.40 Td ( INDUSTRIES, INC.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 211.90 558.60 Td (\(Exact name of r) Tj ET Q q 0 0 0 rg BT 271.80 558.60 Td (egistrant as specified in its charter\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 154.25 539.36 Td (OREGON) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 539.36 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.25 539.36 Td (93-0341923) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 130.00 527.35 Td (\(State of Incorporation\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 527.36 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.60 527.35 Td (\(I.R.S. Employer Identification No.\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 123.45 494.56 Td (299 SW) Tj ET Q q 0 0 0 rg BT 152.54 494.56 Td ( Clay St., Suite 350 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 149.20 485.61 Td (Portland, OR) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 487.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 487.76 Td (97201) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 102.65 474.55 Td (\(Address of principal executive offices\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.00 474.56 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 419.35 474.55 Td (\(Zip Code\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.20 458.00 Td (Registrant) Tj ET Q q 0 0 0 rg BT 222.69 458.00 Td (s telephone number) Tj ET Q q 0 0 0 rg BT 292.81 458.00 Td (, including area code: \(503\)224-9900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 444.20 Td (Securities registered pursuant to Section12\(b\) of the ) Tj ET Q q 0 0 0 rg BT 393.95 444.20 Td (Act:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 100.00 425.01 Td (Class A Common Stock, $1.00 par value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 425.01 Td (The NASDAQ Global Select Market) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 135.85 414.00 Td (\(Title of Each Class\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 355.85 414.00 Td (\(Name of each Exchange on which registered\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.50 398.40 Td (Securities registered pursuant to Section12\(g\) of the ) Tj ET Q q 0 0 0 rg BT 393.95 398.40 Td (Act:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 387.60 Td (None) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 373.80 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.23 373.80 Td (by ) Tj ET Q q 0 0 0 rg BT 92.48 373.80 Td (check ) Tj ET Q q 0 0 0 rg BT 115.72 373.80 Td (mark ) Tj ET Q q 0 0 0 rg BT 136.46 373.80 Td (if ) Tj ET Q q 0 0 0 rg BT 144.21 373.80 Td (the ) Tj ET Q q 0 0 0 rg BT 157.45 373.80 Td (registrant ) Tj ET Q q 0 0 0 rg BT 193.69 373.80 Td (is ) Tj ET Q q 0 0 0 rg BT 201.94 373.80 Td (a ) Tj ET Q q 0 0 0 rg BT 208.19 373.80 Td (well-known ) Tj ET Q q 0 0 0 rg BT 253.43 373.80 Td (seasoned ) Tj ET Q q 0 0 0 rg BT 288.17 373.80 Td (issuer) Tj ET Q q 0 0 0 rg BT 308.80 373.80 Td (, ) Tj ET Q q 0 0 0 rg BT 313.30 373.80 Td (as ) Tj ET Q q 0 0 0 rg BT 323.05 373.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 352.29 373.80 Td (in ) Tj ET Q q 0 0 0 rg BT 361.54 373.80 Td (Rule ) Tj ET Q q 0 0 0 rg BT 380.79 373.80 Td (405 ) Tj ET Q q 0 0 0 rg BT 396.54 373.80 Td (of ) Tj ET Q q 0 0 0 rg BT 406.28 373.80 Td (the ) Tj ET Q q 0 0 0 rg BT 419.53 373.80 Td (Securities ) Tj ET Q q 0 0 0 rg BT 456.77 373.80 Td (Act.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 363.00 Td (Y) Tj ET Q q 0 0 0 rg BT 55.60 363.00 Td (es[ ) Tj ET Q q 0 0 0 rg BT 70.59 363.00 Td (x ) Tj ET Q q 0 0 0 rg BT 77.34 363.00 Td (]No[]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 349.20 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.23 349.20 Td (by ) Tj ET Q q 0 0 0 rg BT 92.48 349.20 Td (check ) Tj ET Q q 0 0 0 rg BT 115.72 349.20 Td (mark ) Tj ET Q q 0 0 0 rg BT 136.46 349.20 Td (if ) Tj ET Q q 0 0 0 rg BT 144.21 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 157.45 349.20 Td (registrant ) Tj ET Q q 0 0 0 rg BT 193.69 349.20 Td (is ) Tj ET Q q 0 0 0 rg BT 201.94 349.20 Td (not ) Tj ET Q q 0 0 0 rg BT 215.69 349.20 Td (required ) Tj ET Q q 0 0 0 rg BT 247.93 349.20 Td (to ) Tj ET Q q 0 0 0 rg BT 257.18 349.20 Td (file ) Tj ET Q q 0 0 0 rg BT 271.42 349.20 Td (reports ) Tj ET Q q 0 0 0 rg BT 298.66 349.20 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 331.90 349.20 Td (to ) Tj ET Q q 0 0 0 rg BT 341.16 349.20 Td (Section13 ) Tj ET Q q 0 0 0 rg BT 381.65 349.20 Td (or ) Tj ET Q q 0 0 0 rg BT 391.40 349.20 Td (Section15\(d\) ) Tj ET Q q 0 0 0 rg BT 442.39 349.20 Td (of ) Tj ET Q q 0 0 0 rg BT 452.13 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 464.88 349.20 Td (Act.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 338.40 Td (Y) Tj ET Q q 0 0 0 rg BT 55.60 338.40 Td (es ) Tj ET Q q 0 0 0 rg BT 65.35 338.40 Td ([]No ) Tj ET Q q 0 0 0 rg BT 102.59 338.40 Td ([ ) Tj ET Q q 0 0 0 rg BT 107.84 338.40 Td (x ) Tj ET Q q 0 0 0 rg BT 114.59 338.40 Td (]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 324.60 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.03 324.60 Td (by ) Tj ET Q q 0 0 0 rg BT 92.08 324.60 Td (check ) Tj ET Q q 0 0 0 rg BT 115.12 324.60 Td (mark ) Tj ET Q q 0 0 0 rg BT 135.66 324.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 166.70 324.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.74 324.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 215.78 324.60 Td (\(1\)has ) Tj ET Q q 0 0 0 rg BT 242.57 324.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 261.11 324.60 Td (all ) Tj ET Q q 0 0 0 rg BT 272.16 324.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 299.20 324.60 Td (required ) Tj ET Q q 0 0 0 rg BT 331.24 324.60 Td (to ) Tj ET Q q 0 0 0 rg BT 340.29 324.60 Td (be ) Tj ET Q q 0 0 0 rg BT 350.83 324.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 369.37 324.60 Td (by ) Tj ET Q q 0 0 0 rg BT 380.42 324.60 Td (Section13 ) Tj ET Q q 0 0 0 rg BT 420.72 324.60 Td (or ) Tj ET Q q 0 0 0 rg BT 430.27 324.60 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 451.81 324.60 Td (of ) Tj ET Q q 0 0 0 rg BT 461.36 324.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.40 324.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 511.95 324.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 549.02 324.60 Td (Act ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 313.80 Td (of ) Tj ET Q q 0 0 0 rg BT 59.46 313.80 Td (1934 ) Tj ET Q q 0 0 0 rg BT 79.43 313.80 Td (during ) Tj ET Q q 0 0 0 rg BT 104.89 313.80 Td (the ) Tj ET Q q 0 0 0 rg BT 117.85 313.80 Td (preceding ) Tj ET Q q 0 0 0 rg BT 155.29 313.80 Td (12 ) Tj ET Q q 0 0 0 rg BT 166.26 313.80 Td (months ) Tj ET Q q 0 0 0 rg BT 194.73 313.80 Td (\(or ) Tj ET Q q 0 0 0 rg BT 207.18 313.80 Td (for ) Tj ET Q q 0 0 0 rg BT 219.64 313.80 Td (such ) Tj ET Q q 0 0 0 rg BT 238.10 313.80 Td (shorter ) Tj ET Q q 0 0 0 rg BT 265.06 313.80 Td (period ) Tj ET Q q 0 0 0 rg BT 290.02 313.80 Td (that ) Tj ET Q q 0 0 0 rg BT 305.48 313.80 Td (the ) Tj ET Q q 0 0 0 rg BT 318.44 313.80 Td (registrant ) Tj ET Q q 0 0 0 rg BT 354.39 313.80 Td (was ) Tj ET Q q 0 0 0 rg BT 370.35 313.80 Td (required ) Tj ET Q q 0 0 0 rg BT 402.30 313.80 Td (to ) Tj ET Q q 0 0 0 rg BT 411.26 313.80 Td (file ) Tj ET Q q 0 0 0 rg BT 425.22 313.80 Td (such ) Tj ET Q q 0 0 0 rg BT 443.68 313.80 Td (reports\), ) Tj ET Q q 0 0 0 rg BT 475.88 313.80 Td (and ) Tj ET Q q 0 0 0 rg BT 490.84 313.80 Td (\(2\)has ) Tj ET Q q 0 0 0 rg BT 517.55 313.80 Td (been ) Tj ET Q q 0 0 0 rg BT 536.50 313.80 Td (subject ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 303.00 Td (to ) Tj ET Q q 0 0 0 rg BT 59.25 303.00 Td (such ) Tj ET Q q 0 0 0 rg BT 78.00 303.00 Td (filing ) Tj ET Q q 0 0 0 rg BT 99.75 303.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 148.98 303.00 Td (for ) Tj ET Q q 0 0 0 rg BT 161.72 303.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.97 303.00 Td (past ) Tj ET Q q 0 0 0 rg BT 191.71 303.00 Td (90 ) Tj ET Q q 0 0 0 rg BT 202.96 303.00 Td (days. ) Tj ET Q q 0 0 0 rg BT 223.63 303.00 Td (Y) Tj ET Q q 0 0 0 rg BT 229.23 303.00 Td (es[ ) Tj ET Q q 0 0 0 rg BT 244.22 303.00 Td (x ) Tj ET Q q 0 0 0 rg BT 250.97 303.00 Td (]No[]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 289.20 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.47 289.20 Td (by ) Tj ET Q q 0 0 0 rg BT 92.95 289.20 Td (check ) Tj ET Q q 0 0 0 rg BT 116.42 289.20 Td (mark ) Tj ET Q q 0 0 0 rg BT 137.40 289.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 168.87 289.20 Td (the ) Tj ET Q q 0 0 0 rg BT 182.35 289.20 Td (registrant ) Tj ET Q q 0 0 0 rg BT 218.82 289.20 Td (has ) Tj ET Q q 0 0 0 rg BT 233.31 289.20 Td (submitted ) Tj ET Q q 0 0 0 rg BT 271.29 289.20 Td (electronically ) Tj ET Q q 0 0 0 rg BT 322.75 289.20 Td (and ) Tj ET Q q 0 0 0 rg BT 338.23 289.20 Td (posted ) Tj ET Q q 0 0 0 rg BT 364.21 289.20 Td (on ) Tj ET Q q 0 0 0 rg BT 375.70 289.20 Td (its ) Tj ET Q q 0 0 0 rg BT 386.69 289.20 Td (corporate ) Tj ET Q q 0 0 0 rg BT 422.97 289.20 Td (W) Tj ET Q q 0 0 0 rg BT 430.74 289.20 Td (ebsite, ) Tj ET Q q 0 0 0 rg BT 456.47 289.20 Td (if ) Tj ET Q q 0 0 0 rg BT 464.46 289.20 Td (any) Tj ET Q q 0 0 0 rg BT 476.87 289.20 Td (, ) Tj ET Q q 0 0 0 rg BT 481.60 289.20 Td (every ) Tj ET Q q 0 0 0 rg BT 504.07 289.20 Td (Interactive ) Tj ET Q q 0 0 0 rg BT 545.03 289.20 Td (Data ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 278.40 Td (File ) Tj ET Q q 0 0 0 rg BT 66.13 278.40 Td (required ) Tj ET Q q 0 0 0 rg BT 98.25 278.40 Td (to ) Tj ET Q q 0 0 0 rg BT 107.38 278.40 Td (be ) Tj ET Q q 0 0 0 rg BT 118.01 278.40 Td (submitted ) Tj ET Q q 0 0 0 rg BT 155.64 278.40 Td (and ) Tj ET Q q 0 0 0 rg BT 170.76 278.40 Td (posted ) Tj ET Q q 0 0 0 rg BT 196.39 278.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 229.52 278.40 Td (to ) Tj ET Q q 0 0 0 rg BT 238.65 278.40 Td (Rule ) Tj ET Q q 0 0 0 rg BT 257.78 278.40 Td (405 ) Tj ET Q q 0 0 0 rg BT 273.41 278.40 Td (of ) Tj ET Q q 0 0 0 rg BT 283.04 278.40 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 324.66 278.40 Td (S-T) Tj ET Q q 0 0 0 rg BT 338.00 278.40 Td ( ) Tj ET Q q 0 0 0 rg BT 340.13 278.40 Td (\(232.405 ) Tj ET Q q 0 0 0 rg BT 379.01 278.40 Td (of ) Tj ET Q q 0 0 0 rg BT 388.64 278.40 Td (this ) Tj ET Q q 0 0 0 rg BT 403.77 278.40 Td (chapter\) ) Tj ET Q q 0 0 0 rg BT 435.38 278.40 Td (during ) Tj ET Q q 0 0 0 rg BT 461.01 278.40 Td (the ) Tj ET Q q 0 0 0 rg BT 474.14 278.40 Td (preceding ) Tj ET Q q 0 0 0 rg BT 511.75 278.40 Td (12 ) Tj ET Q q 0 0 0 rg BT 522.88 278.40 Td (months ) Tj ET Q q 0 0 0 rg BT 551.52 278.40 Td (\(or ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 267.60 Td (for ) Tj ET Q q 0 0 0 rg BT 62.74 267.60 Td (such ) Tj ET Q q 0 0 0 rg BT 81.49 267.60 Td (shorter ) Tj ET Q q 0 0 0 rg BT 108.73 267.60 Td (period ) Tj ET Q q 0 0 0 rg BT 133.98 267.60 Td (that ) Tj ET Q q 0 0 0 rg BT 149.72 267.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.97 267.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 199.20 267.60 Td (was ) Tj ET Q q 0 0 0 rg BT 215.45 267.60 Td (required ) Tj ET Q q 0 0 0 rg BT 247.68 267.60 Td (to ) Tj ET Q q 0 0 0 rg BT 256.93 267.60 Td (submit ) Tj ET Q q 0 0 0 rg BT 283.69 267.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.93 267.60 Td (post ) Tj ET Q q 0 0 0 rg BT 316.19 267.60 Td (such ) Tj ET Q q 0 0 0 rg BT 334.93 267.60 Td (files\). ) Tj ET Q q 0 0 0 rg BT 357.59 267.60 Td (Y) Tj ET Q q 0 0 0 rg BT 363.19 267.60 Td (es[ ) Tj ET Q q 0 0 0 rg BT 378.18 267.60 Td (x ) Tj ET Q q 0 0 0 rg BT 384.93 267.60 Td (]No ) Tj ET Q q 0 0 0 rg BT 410.18 267.60 Td ([]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 253.80 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.50 253.80 Td (by ) Tj ET Q q 0 0 0 rg BT 93.02 253.80 Td (check ) Tj ET Q q 0 0 0 rg BT 116.52 253.80 Td (mark ) Tj ET Q q 0 0 0 rg BT 137.53 253.80 Td (if ) Tj ET Q q 0 0 0 rg BT 145.55 253.80 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 184.56 253.80 Td (of ) Tj ET Q q 0 0 0 rg BT 194.57 253.80 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 235.08 253.80 Td (filers ) Tj ET Q q 0 0 0 rg BT 256.09 253.80 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 289.60 253.80 Td (to ) Tj ET Q q 0 0 0 rg BT 299.12 253.80 Td (Item405 ) Tj ET Q q 0 0 0 rg BT 333.88 253.80 Td (of ) Tj ET Q q 0 0 0 rg BT 343.90 253.80 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 385.91 253.80 Td (S-K ) Tj ET Q q 0 0 0 rg BT 402.93 253.80 Td (\(229.405\) ) Tj ET Q q 0 0 0 rg BT 445.19 253.80 Td (is ) Tj ET Q q 0 0 0 rg BT 453.71 253.80 Td (not ) Tj ET Q q 0 0 0 rg BT 467.73 253.80 Td (contained ) Tj ET Q q 0 0 0 rg BT 505.23 253.80 Td (herein, ) Tj ET Q q 0 0 0 rg BT 532.49 253.80 Td (and ) Tj ET Q q 0 0 0 rg BT 548.00 253.80 Td (will ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 243.00 Td (not ) Tj ET Q q 0 0 0 rg BT 63.48 243.00 Td (be ) Tj ET Q q 0 0 0 rg BT 73.96 243.00 Td (contained, ) Tj ET Q q 0 0 0 rg BT 113.18 243.00 Td (to ) Tj ET Q q 0 0 0 rg BT 122.17 243.00 Td (the ) Tj ET Q q 0 0 0 rg BT 135.15 243.00 Td (best ) Tj ET Q q 0 0 0 rg BT 151.63 243.00 Td (of ) Tj ET Q q 0 0 0 rg BT 161.11 243.00 Td (registrant) Tj ET Q q 0 0 0 rg BT 197.60 243.00 Td (s ) Tj ET Q q 0 0 0 rg BT 203.09 243.00 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 246.81 243.00 Td (in ) Tj ET Q q 0 0 0 rg BT 255.79 243.00 Td (definitive ) Tj ET Q q 0 0 0 rg BT 292.27 243.00 Td (proxy ) Tj ET Q q 0 0 0 rg BT 315.25 243.00 Td (or ) Tj ET Q q 0 0 0 rg BT 324.73 243.00 Td (information ) Tj ET Q q 0 0 0 rg BT 369.20 243.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.18 243.00 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 456.64 243.00 Td (by ) Tj ET Q q 0 0 0 rg BT 467.63 243.00 Td (reference ) Tj ET Q q 0 0 0 rg BT 503.08 243.00 Td (in ) Tj ET Q q 0 0 0 rg BT 512.06 243.00 Td (Part ) Tj ET Q q 0 0 0 rg BT 528.54 243.00 Td (III ) Tj ET Q q 0 0 0 rg BT 539.52 243.00 Td (of ) Tj ET Q q 0 0 0 rg BT 549.00 243.00 Td (this ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 232.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 71.75 232.20 Td (10-K ) Tj ET Q q 0 0 0 rg BT 92.50 232.20 Td (or ) Tj ET Q q 0 0 0 rg BT 102.25 232.20 Td (any ) Tj ET Q q 0 0 0 rg BT 117.49 232.20 Td (amendment ) Tj ET Q q 0 0 0 rg BT 161.73 232.20 Td (to ) Tj ET Q q 0 0 0 rg BT 170.98 232.20 Td (this ) Tj ET Q q 0 0 0 rg BT 186.23 232.20 Td (Form ) Tj ET Q q 0 0 0 rg BT 207.98 232.20 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 230.98 232.20 Td ([x]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 218.40 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 81.97 218.40 Td (by ) Tj ET Q q 0 0 0 rg BT 93.95 218.40 Td (check ) Tj ET Q q 0 0 0 rg BT 117.92 218.40 Td (mark ) Tj ET Q q 0 0 0 rg BT 139.39 218.40 Td (whether ) Tj ET Q q 0 0 0 rg BT 171.36 218.40 Td (the ) Tj ET Q q 0 0 0 rg BT 185.34 218.40 Td (registrant ) Tj ET Q q 0 0 0 rg BT 222.31 218.40 Td (is ) Tj ET Q q 0 0 0 rg BT 231.30 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 238.28 218.40 Td (lar) Tj ET Q q 0 0 0 rg BT 247.61 218.40 Td (ge ) Tj ET Q q 0 0 0 rg BT 259.09 218.40 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 302.53 218.40 Td (filer) Tj ET Q q 0 0 0 rg BT 317.16 218.40 Td (, ) Tj ET Q q 0 0 0 rg BT 322.40 218.40 Td (an ) Tj ET Q q 0 0 0 rg BT 333.87 218.40 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 377.32 218.40 Td (filer) Tj ET Q q 0 0 0 rg BT 391.95 218.40 Td (, ) Tj ET Q q 0 0 0 rg BT 397.18 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 404.16 218.40 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 464.10 218.40 Td (filer ) Tj ET Q q 0 0 0 rg BT 482.07 218.40 Td (or ) Tj ET Q q 0 0 0 rg BT 492.56 218.40 Td (a ) Tj ET Q q 0 0 0 rg BT 499.53 218.40 Td (smaller ) Tj ET Q q 0 0 0 rg BT 529.01 218.40 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 207.60 Td (company) Tj ET Q q 0 0 0 rg BT 82.41 207.60 Td (. ) Tj ET Q q 0 0 0 rg BT 87.20 207.60 Td (See ) Tj ET Q q 0 0 0 rg BT 102.74 207.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.28 207.60 Td (definitions ) Tj ET Q q 0 0 0 rg BT 157.32 207.60 Td (of ) Tj ET Q q 0 0 0 rg BT 167.36 207.60 Td (lar) Tj ET Q q 0 0 0 rg BT 180.68 207.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 191.72 207.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 234.73 207.60 Td (filer) Tj ET Q q 0 0 0 rg BT 249.36 207.60 Td (, ) Tj ET Q q 0 0 0 rg BT 258.15 207.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 305.15 207.60 Td (filer ) Tj ET Q q 0 0 0 rg BT 326.68 207.60 Td (and ) Tj ET Q q 0 0 0 rg BT 342.21 207.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 375.24 207.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 410.78 207.60 Td (company ) Tj ET Q q 0 0 0 rg BT 450.31 207.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.85 207.60 Td (Rule ) Tj ET Q q 0 0 0 rg BT 479.39 207.60 Td (12b-2 ) Tj ET Q q 0 0 0 rg BT 502.94 207.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.98 207.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.52 207.60 Td (Exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 196.80 Td (Act. ) Tj ET Q q 0 0 0 rg BT 67.49 196.80 Td (\(check ) Tj ET Q q 0 0 0 rg BT 93.73 196.80 Td (one\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 177.56 Td (Large Accelerated Filer[ x ]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 176.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 176.76 Td (Accelerated Filer[]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 163.56 Td (Non-Accelerated Filer[]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.00 162.76 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 162.76 Td (Smaller Reporting company[]) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 145.00 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 440.12 145.00 Td (Act\).) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 134.20 Td (Y) Tj ET Q q 0 0 0 rg BT 55.60 134.20 Td (es []No [ x ]) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 120.40 Td (The ) Tj ET Q q 0 0 0 rg BT 66.24 120.40 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 103.47 120.40 Td (market ) Tj ET Q q 0 0 0 rg BT 130.71 120.40 Td (value ) Tj ET Q q 0 0 0 rg BT 152.45 120.40 Td (of ) Tj ET Q q 0 0 0 rg BT 162.19 120.40 Td (the ) Tj ET Q q 0 0 0 rg BT 175.44 120.40 Td (registrant) Tj ET Q q 0 0 0 rg BT 211.93 120.40 Td (s ) Tj ET Q q 0 0 0 rg BT 217.68 120.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 261.93 120.40 Td (common ) Tj ET Q q 0 0 0 rg BT 295.67 120.40 Td (stock ) Tj ET Q q 0 0 0 rg BT 316.92 120.40 Td (held ) Tj ET Q q 0 0 0 rg BT 334.66 120.40 Td (by ) Tj ET Q q 0 0 0 rg BT 345.91 120.40 Td (non-af) Tj ET Q q 0 0 0 rg BT 369.24 120.40 Td (filiates ) Tj ET Q q 0 0 0 rg BT 395.98 120.40 Td (on ) Tj ET Q q 0 0 0 rg BT 407.23 120.40 Td (February ) Tj ET Q q 0 0 0 rg BT 441.97 120.40 Td (28, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.47 120.40 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.47 120.40 Td ( ) Tj ET Q q 0 0 0 rg BT 475.72 120.40 Td (was ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 491.97 120.40 Td ($647,393,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.47 120.40 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 106.60 Td (The ) Tj ET Q q 0 0 0 rg BT 66.04 106.60 Td (registrant ) Tj ET Q q 0 0 0 rg BT 102.08 106.60 Td (had ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 117.12 106.60 Td (26,394,164) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.62 106.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.67 106.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 184.20 106.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.75 106.60 Td (Class) Tj ET Q q 0 0 0 rg BT 215.01 106.60 Td (A) Tj ET Q q 0 0 0 rg BT 221.01 106.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.06 106.60 Td (common ) Tj ET Q q 0 0 0 rg BT 256.60 106.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 279.90 106.60 Td (par ) Tj ET Q q 0 0 0 rg BT 293.44 106.60 Td (value ) Tj ET Q q 0 0 0 rg BT 314.97 106.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.52 106.60 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 346.82 106.60 Td (per ) Tj ET Q q 0 0 0 rg BT 360.35 106.60 Td (share, ) Tj ET Q q 0 0 0 rg BT 383.64 106.60 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.68 106.60 Td (305,900) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.93 106.60 Td ( ) Tj ET Q q 0 0 0 rg BT 429.98 106.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 454.52 106.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.07 106.60 Td (Class ) Tj ET Q q 0 0 0 rg BT 485.62 106.60 Td (B ) Tj ET Q q 0 0 0 rg BT 493.67 106.60 Td (common ) Tj ET Q q 0 0 0 rg BT 527.21 106.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 550.51 106.60 Td (par ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 95.80 Td (value ) Tj ET Q q 0 0 0 rg BT 71.74 95.80 Td (of ) Tj ET Q q 0 0 0 rg BT 81.49 95.80 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 103.99 95.80 Td (per ) Tj ET Q q 0 0 0 rg BT 117.73 95.80 Td (share, ) Tj ET Q q 0 0 0 rg BT 141.22 95.80 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 185.47 95.80 Td (as ) Tj ET Q q 0 0 0 rg BT 195.21 95.80 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.96 95.80 Td (October23, ) Tj ET Q q 0 0 0 rg BT 249.70 95.80 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.70 95.80 Td (.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 208.50 82.00 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 317.77 82.00 Td (TED BY) Tj ET Q q 0 0 0 rg BT 349.68 82.00 Td ( REFERENCE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 68.20 Td (Portions ) Tj ET Q q 0 0 0 rg BT 82.14 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 91.78 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 104.91 68.20 Td (registrant) Tj ET Q q 0 0 0 rg BT 141.40 68.20 Td (s ) Tj ET Q q 0 0 0 rg BT 147.04 68.20 Td (definitive ) Tj ET Q q 0 0 0 rg BT 183.67 68.20 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 207.31 68.20 Td (Statement ) Tj ET Q q 0 0 0 rg BT 245.44 68.20 Td (for ) Tj ET Q q 0 0 0 rg BT 258.07 68.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.20 68.20 Td (January ) Tj ET Q q 0 0 0 rg BT 301.33 68.20 Td (2015 ) Tj ET Q q 0 0 0 rg BT 321.00 68.20 Td (Annual ) Tj ET Q q 0 0 0 rg BT 349.63 68.20 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 381.76 68.20 Td (of ) Tj ET Q q 0 0 0 rg BT 391.40 68.20 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 440.52 68.20 Td (are ) Tj ET Q q 0 0 0 rg BT 453.64 68.20 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 501.26 68.20 Td (by ) Tj ET Q q 0 0 0 rg BT 512.40 68.20 Td (reference ) Tj ET Q q 0 0 0 rg BT 548.00 68.20 Td (into ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 57.40 Td (Part ) Tj ET Q q 0 0 0 rg BT 66.75 57.40 Td (III ) Tj ET Q q 0 0 0 rg BT 77.99 57.40 Td (of ) Tj ET Q q 0 0 0 rg BT 87.74 57.40 Td (this ) Tj ET Q q 0 0 0 rg BT 102.99 57.40 Td (report.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 5 0 obj <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.90 730.25 Td (FORM 10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.65 713.25 Td (T) Tj ET Q q 0 0 0 rg BT 258.58 713.25 Td (ABLE OF) Tj ET Q q 0 0 0 rg BT 301.82 713.25 Td ( CONTENTS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 702.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.95 682.63 Td (PAGE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 623.52 Td (Item1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 608.52 Td (Item1A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 593.52 Td (Item1B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 578.52 Td (Item2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 563.52 Td (Item3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 548.52 Td (Item4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 503.52 Td (Item 5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 478.52 Td (Item 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 463.52 Td (Item 7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 448.52 Td (Item 7A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 433.52 Td (Item 8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 418.52 Td (Item 9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 403.52 Td (Item 9A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 388.52 Td (Item 9B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 343.52 Td (Item 10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 328.52 Td (Item 11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 313.52 Td (Item 12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 298.52 Td (Item 13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 283.52 Td (Item 14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 238.52 Td (Item 15) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 667.1833984375 m 214.982421875 667.1833984375 l s q 0 0 1 rg BT 53.00 668.52 Td (FOR) Tj ET Q q 0 0 1 rg BT 71.90 668.52 Td (W) Tj ET Q q 0 0 1 rg BT 80.23 668.52 Td (ARD LOOKING ST) Tj ET Q q 0 0 1 rg BT 162.76 668.52 Td (A) Tj ET Q q 0 0 1 rg BT 168.87 668.52 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 666.2833984375001 m 559 666.2833984375001 l s q 0 0 1 rg BT 554.00 667.62 Td (1) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 637.1833984375 m 82.6923828125 637.1833984375 l s q 0 0 1 rg BT 53.00 638.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 638.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 638.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 638.52 Td ( I) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 621.2833984375001 m 152.5615234375 621.2833984375001 l s q 0 0 1 rg BT 117.00 622.62 Td (Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 621.2833984375001 m 559 621.2833984375001 l s q 0 0 1 rg BT 554.00 622.62 Td (2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 606.2833984375001 m 167.2783203125 606.2833984375001 l s q 0 0 1 rg BT 117.00 607.62 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 606.2833984375001 m 559 606.2833984375001 l s q 0 0 1 rg BT 549.00 607.62 Td (12) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 591.2833984375001 m 230.69140625 591.2833984375001 l s q 0 0 1 rg BT 117.00 592.62 Td (Unresolved Staf) Tj ET Q q 0 0 1 rg BT 181.53 592.62 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 591.2833984375001 m 559 591.2833984375001 l s q 0 0 1 rg BT 549.00 592.62 Td (18) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 576.2833984375001 m 157.546875 576.2833984375001 l s q 0 0 1 rg BT 117.00 577.62 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 576.2833984375001 m 559 576.2833984375001 l s q 0 0 1 rg BT 549.00 577.62 Td (19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 561.2833984375001 m 191.140625 561.2833984375001 l s q 0 0 1 rg BT 117.00 562.62 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 561.2833984375001 m 559 561.2833984375001 l s q 0 0 1 rg BT 549.00 562.62 Td (19) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 546.2833984375001 m 215.3154296875 546.2833984375001 l s q 0 0 1 rg BT 117.00 547.62 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 546.2833984375001 m 559 546.2833984375001 l s q 0 0 1 rg BT 549.00 547.62 Td (20) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 517.1833984375 m 86.0224609375 517.1833984375 l s q 0 0 1 rg BT 53.00 518.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 518.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 518.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 518.52 Td ( II) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 501.28339843750007 m 499.3388671875 501.28339843750007 l s q 0 0 1 rg BT 117.00 502.62 Td (Market For Registrant) Tj ET Q q 0 0 1 rg BT 208.65 502.62 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 280.78 502.62 Td (, Related Stockholder Matters and Issuer Purchases of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 126 491.28339843750007 m 194.5986328125 491.28339843750007 l s q 0 0 1 rg BT 126.00 492.62 Td (Equity Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 491.28339843750007 m 559 491.28339843750007 l s q 0 0 1 rg BT 549.00 492.62 Td (21) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 476.28339843750007 m 211.9609375 476.28339843750007 l s q 0 0 1 rg BT 117.00 477.62 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 476.28339843750007 m 559 476.28339843750007 l s q 0 0 1 rg BT 549.00 477.62 Td (23) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 461.28339843750007 m 475.291015625 461.28339843750007 l s q 0 0 1 rg BT 117.00 462.62 Td (Management) Tj ET Q q 0 0 1 rg BT 171.98 462.62 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 241.15 462.62 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 461.28339843750007 m 559 461.28339843750007 l s q 0 0 1 rg BT 549.00 462.62 Td (24) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 446.28339843750007 m 358.62109375 446.28339843750007 l s q 0 0 1 rg BT 117.00 447.62 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 1 rg BT 281.40 447.62 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 446.28339843750007 m 559 446.28339843750007 l s q 0 0 1 rg BT 549.00 447.62 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 431.28339843750007 m 301.951171875 431.28339843750007 l s q 0 0 1 rg BT 117.00 432.62 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 431.28339843750007 m 559 431.28339843750007 l s q 0 0 1 rg BT 549.00 432.62 Td (45) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 416.28339843750007 m 475.8134765625 416.28339843750007 l s q 0 0 1 rg BT 117.00 417.62 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 262.81 417.62 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 327.24 417.62 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 416.28339843750007 m 559 416.28339843750007 l s q 0 0 1 rg BT 549.00 417.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 401.28339843750007 m 215.3154296875 401.28339843750007 l s q 0 0 1 rg BT 117.00 402.62 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 401.28339843750007 m 559 401.28339843750007 l s q 0 0 1 rg BT 549.00 402.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 386.28339843750007 m 190.0322265625 386.28339843750007 l s q 0 0 1 rg BT 117.00 387.62 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 386.28339843750007 m 559 386.28339843750007 l s q 0 0 1 rg BT 549.00 387.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 357.18339843750005 m 89.3525390625 357.18339843750005 l s q 0 0 1 rg BT 53.00 358.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 358.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 358.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 358.52 Td ( III) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 341.28339843750007 m 344.4951171875 341.28339843750007 l s q 0 0 1 rg BT 117.00 342.62 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 212.06 342.62 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 341.28339843750007 m 559 341.28339843750007 l s q 0 0 1 rg BT 549.00 342.62 Td (89) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 326.28339843750007 m 217.25390625 326.28339843750007 l s q 0 0 1 rg BT 117.00 327.62 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 326.28339843750007 m 559 326.28339843750007 l s q 0 0 1 rg BT 549.00 327.62 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 311.28339843750007 m 522.15625 311.28339843750007 l s q 0 0 1 rg BT 117.00 312.62 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 311.28339843750007 m 559 311.28339843750007 l s q 0 0 1 rg BT 549.00 312.62 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 296.28339843750007 m 419.6953125 296.28339843750007 l s q 0 0 1 rg BT 117.00 297.62 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 255.68 297.62 Td (T) Tj ET Q q 0 0 1 rg BT 261.43 297.62 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 296.28339843750007 m 559 296.28339843750007 l s q 0 0 1 rg BT 549.00 297.62 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 281.28339843750007 m 275.291015625 281.28339843750007 l s q 0 0 1 rg BT 117.00 282.62 Td (Principal ) Tj ET Q q 0 0 1 rg BT 155.05 282.62 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 281.28339843750007 m 559 281.28339843750007 l s q 0 0 1 rg BT 549.00 282.62 Td (90) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 252.18339843750005 m 89.82373046875 252.18339843750005 l s q 0 0 1 rg BT 53.00 253.52 Td (P) Tj ET Q q 0 0 1 rg BT 57.64 253.52 Td (AR) Tj ET Q q 0 0 1 rg BT 70.93 253.52 Td (T) Tj ET Q q 0 0 1 rg BT 76.86 253.52 Td ( IV) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 117 236.28339843750007 m 292.5224609375 236.28339843750007 l s q 0 0 1 rg BT 117.00 237.62 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 236.28339843750007 m 559 236.28339843750007 l s q 0 0 1 rg BT 549.00 237.62 Td (91) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 207.18339843750005 m 114.1181640625 207.18339843750005 l s q 0 0 1 rg BT 53.00 208.52 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 82.45 208.52 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 206.28339843750007 m 559 206.28339843750007 l s q 0 0 1 rg BT 549.00 207.62 Td (95) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.50 742.25 Td (FOR) Tj ET Q q 0 0 0 rg BT 240.26 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 249.15 742.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 337.03 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 343.51 742.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 101.61 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.13 725.25 Td (information ) Tj ET Q q 0 0 0 rg BT 177.63 725.25 Td (included ) Tj ET Q q 0 0 0 rg BT 218.71 725.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.45 725.25 Td (this ) Tj ET Q q 0 0 0 rg BT 250.44 725.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 286.52 725.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 320.90 725.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.86 725.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 364.14 725.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 389.64 725.25 Td (by ) Tj ET Q q 0 0 0 rg BT 404.60 725.25 Td (Schnitzer) Tj ET Q q 0 0 0 rg BT 444.97 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.36 725.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 474.31 725.25 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 524.55 725.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 545.34 725.25 Td (\(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 108.86 713.25 Td (that ) Tj ET Q q 0 0 0 rg BT 129.94 713.25 Td (ar) Tj ET Q q 0 0 0 rg BT 139.20 713.25 Td (e ) Tj ET Q q 0 0 0 rg BT 147.49 713.25 Td (not ) Tj ET Q q 0 0 0 rg BT 165.24 713.25 Td (pur) Tj ET Q q 0 0 0 rg BT 180.62 713.25 Td (ely ) Tj ET Q q 0 0 0 rg BT 196.70 713.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 240.55 713.25 Td (ar) Tj ET Q q 0 0 0 rg BT 249.81 713.25 Td (e ) Tj ET Q q 0 0 0 rg BT 258.10 713.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 331.96 713.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 381.36 713.25 Td (within ) Tj ET Q q 0 0 0 rg BT 412.45 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.63 713.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 470.16 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.35 713.25 Td (Section21E ) Tj ET Q q 0 0 0 rg BT 536.48 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 713.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 93.60 701.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 136.79 701.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 153.73 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.00 701.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 185.95 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.02 701.25 Td (ar) Tj ET Q q 0 0 0 rg BT 213.28 701.25 Td (e ) Tj ET Q q 0 0 0 rg BT 219.67 701.25 Td (made ) Tj ET Q q 0 0 0 rg BT 244.94 701.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 285.80 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.07 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.35 701.25 Td (safe ) Tj ET Q q 0 0 0 rg BT 334.96 701.25 Td (harbor ) Tj ET Q q 0 0 0 rg BT 371.91 701.25 Td (pr) Tj ET Q q 0 0 0 rg BT 381.73 701.25 Td (ovisions ) Tj ET Q q 0 0 0 rg BT 417.57 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.85 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.13 701.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 476.17 701.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 519.77 701.25 Td (Litigation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 84.96 689.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 102.77 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.92 689.25 Td (1995. ) Tj ET Q q 0 0 0 rg BT 139.24 689.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 171.50 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.21 689.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 209.93 689.25 Td (her) Tj ET Q q 0 0 0 rg BT 224.18 689.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 239.78 689.25 Td (or) Tj ET Q q 0 0 0 rg BT 249.04 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.86 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 263.58 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.73 689.25 Td (context ) Tj ET Q q 0 0 0 rg BT 313.65 689.25 Td (may ) Tj ET Q q 0 0 0 rg BT 334.80 689.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 378.72 689.25 Td (r) Tj ET Q q 0 0 0 rg BT 382.98 689.25 Td (equir) Tj ET Q q 0 0 0 rg BT 405.57 689.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 415.33 689.25 Td (all ) Tj ET Q q 0 0 0 rg BT 428.71 689.25 Td (r) Tj ET Q q 0 0 0 rg BT 432.97 689.25 Td (efer) Tj ET Q q 0 0 0 rg BT 449.43 689.25 Td (ences ) Tj ET Q q 0 0 0 rg BT 475.02 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 486.18 689.25 Td (we, ) Tj ET Q q 0 0 0 rg BT 513.16 689.25 Td (our) Tj ET Q q 0 0 0 rg BT 532.24 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.56 689.25 Td (us ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.62 677.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 96.14 677.25 Td (r) Tj ET Q q 0 0 0 rg BT 100.40 677.25 Td (efer) Tj ET Q q 0 0 0 rg BT 116.86 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.36 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.19 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.02 677.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 190.20 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.82 677.25 Td (its ) Tj ET Q q 0 0 0 rg BT 221.32 677.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 277.16 677.25 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 656.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 124.16 656.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 171.08 656.25 Td (in ) Tj ET Q q 0 0 0 rg BT 180.81 656.25 Td (this ) Tj ET Q q 0 0 0 rg BT 197.44 656.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 230.51 656.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 261.88 656.25 Td (on ) Tj ET Q q 0 0 0 rg BT 273.83 656.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 299.08 656.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 321.57 656.25 Td (include ) Tj ET Q q 0 0 0 rg BT 354.07 656.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 401.00 656.25 Td (r) Tj ET Q q 0 0 0 rg BT 405.26 656.25 Td (egarding ) Tj ET Q q 0 0 0 rg BT 444.42 656.25 Td (our) Tj ET Q q 0 0 0 rg BT 459.24 656.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.62 656.25 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 517.27 656.25 Td (intentions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 644.25 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 79.54 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.99 644.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 140.85 644.25 Td (r) Tj ET Q q 0 0 0 rg BT 145.11 644.25 Td (egarding ) Tj ET Q q 0 0 0 rg BT 185.22 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.87 644.25 Td (futur) Tj ET Q q 0 0 0 rg BT 222.91 644.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 232.18 644.25 Td (which ) Tj ET Q q 0 0 0 rg BT 260.06 644.25 Td (may ) Tj ET Q q 0 0 0 rg BT 280.72 644.25 Td (include ) Tj ET Q q 0 0 0 rg BT 314.16 644.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.03 644.25 Td (r) Tj ET Q q 0 0 0 rg BT 366.29 644.25 Td (egarding ) Tj ET Q q 0 0 0 rg BT 406.39 644.25 Td (tr) Tj ET Q q 0 0 0 rg BT 413.98 644.25 Td (ends, ) Tj ET Q q 0 0 0 rg BT 438.26 644.25 Td (cyclicality ) Tj ET Q q 0 0 0 rg BT 483.34 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.79 644.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 538.01 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 644.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 632.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 87.20 632.25 Td (we ) Tj ET Q q 0 0 0 rg BT 101.07 632.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 117.17 632.25 Td (into; ) Tj ET Q q 0 0 0 rg BT 139.38 632.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 178.24 632.25 Td (dir) Tj ET Q q 0 0 0 rg BT 190.84 632.25 Td (ection; ) Tj ET Q q 0 0 0 rg BT 221.93 632.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 258.03 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.57 632.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 334.68 632.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.01 632.25 Td (pr) Tj ET Q q 0 0 0 rg BT 362.83 632.25 Td (oduction ) Tj ET Q q 0 0 0 rg BT 402.28 632.25 Td (pr) Tj ET Q q 0 0 0 rg BT 412.09 632.25 Td (ocesses; ) Tj ET Q q 0 0 0 rg BT 447.63 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.17 632.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 482.04 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.58 632.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.92 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 632.25 Td (status ) Tj ET Q q 0 0 0 rg BT 553.68 632.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 620.25 Td (any ) Tj ET Q q 0 0 0 rg BT 68.38 620.25 Td (agr) Tj ET Q q 0 0 0 rg BT 82.64 620.25 Td (eements ) Tj ET Q q 0 0 0 rg BT 119.89 620.25 Td (or) Tj ET Q q 0 0 0 rg BT 129.14 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.96 620.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 164.78 620.25 Td (r) Tj ET Q q 0 0 0 rg BT 169.04 620.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 197.40 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.55 620.25 Td (our) Tj ET Q q 0 0 0 rg BT 223.37 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.19 620.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 277.34 620.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.05 620.25 Td (envir) Tj ET Q q 0 0 0 rg BT 321.08 620.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 363.90 620.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.84 620.25 Td (other) Tj ET Q q 0 0 0 rg BT 405.43 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 408.25 620.25 Td (laws; ) Tj ET Q q 0 0 0 rg BT 433.29 620.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 473.32 620.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.47 620.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 515.88 620.25 Td (deductions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.96 608.25 Td (cr) Tj ET Q q 0 0 0 rg BT 76.66 608.25 Td (edits; ) Tj ET Q q 0 0 0 rg BT 101.83 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.99 608.25 Td (r) Tj ET Q q 0 0 0 rg BT 121.25 608.25 Td (ealization ) Tj ET Q q 0 0 0 rg BT 164.19 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.36 608.25 Td (deferr) Tj ET Q q 0 0 0 rg BT 200.83 608.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 212.67 608.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 227.83 608.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 257.45 608.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 293.75 608.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 324.47 608.25 Td (expenditur) Tj ET Q q 0 0 0 rg BT 370.96 608.25 Td (es; ) Tj ET Q q 0 0 0 rg BT 384.46 608.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 422.43 608.25 Td (positions; ) Tj ET Q q 0 0 0 rg BT 465.39 608.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 494.45 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.62 608.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 543.11 608.25 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 596.25 Td (fr) Tj ET Q q 0 0 0 rg BT 57.59 596.25 Td (om ) Tj ET Q q 0 0 0 rg BT 72.80 596.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 120.26 596.25 Td (operations; ) Tj ET Q q 0 0 0 rg BT 170.47 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.68 596.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 225.35 596.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 256.67 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.88 596.25 Td (adopting ) Tj ET Q q 0 0 0 rg BT 306.56 596.25 Td (new ) Tj ET Q q 0 0 0 rg BT 325.67 596.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 374.22 596.25 Td (pr) Tj ET Q q 0 0 0 rg BT 384.04 596.25 Td (onouncements; ) Tj ET Q q 0 0 0 rg BT 450.37 596.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 489.46 596.25 Td (r) Tj ET Q q 0 0 0 rg BT 493.71 596.25 Td (esults, ) Tj ET Q q 0 0 0 rg BT 521.99 596.25 Td (including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 584.25 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 85.31 584.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 107.57 584.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 144.82 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.20 584.25 Td (pr) Tj ET Q q 0 0 0 rg BT 173.02 584.25 Td (ofitability; ) Tj ET Q q 0 0 0 rg BT 220.27 584.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 269.20 584.25 Td (under) Tj ET Q q 0 0 0 rg BT 294.58 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.84 584.25 Td (our) Tj ET Q q 0 0 0 rg BT 311.66 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 313.91 584.25 Td (r) Tj ET Q q 0 0 0 rg BT 318.17 584.25 Td (etir) Tj ET Q q 0 0 0 rg BT 332.98 584.25 Td (ement ) Tj ET Q q 0 0 0 rg BT 361.33 584.25 Td (plans; ) Tj ET Q q 0 0 0 rg BT 389.71 584.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 427.79 584.25 Td (savings ) Tj ET Q q 0 0 0 rg BT 461.17 584.25 Td (or) Tj ET Q q 0 0 0 rg BT 470.43 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 472.68 584.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 518.29 584.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 541.09 584.25 Td (fr) Tj ET Q q 0 0 0 rg BT 548.68 584.25 Td (om ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (business ) Tj ET Q q 0 0 0 rg BT 88.08 572.25 Td (r) Tj ET Q q 0 0 0 rg BT 92.33 572.25 Td (ealignment, ) Tj ET Q q 0 0 0 rg BT 144.55 572.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 163.71 572.25 Td (containment ) Tj ET Q q 0 0 0 rg BT 219.54 572.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.16 572.25 Td (pr) Tj ET Q q 0 0 0 rg BT 247.98 572.25 Td (oductivity ) Tj ET Q q 0 0 0 rg BT 293.26 572.25 Td (impr) Tj ET Q q 0 0 0 rg BT 314.19 572.25 Td (ovement ) Tj ET Q q 0 0 0 rg BT 352.79 572.25 Td (pr) Tj ET Q q 0 0 0 rg BT 362.61 572.25 Td (ograms; ) Tj ET Q q 0 0 0 rg BT 400.10 572.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.72 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.55 572.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 477.61 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.44 572.25 Td (accruals.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (When ) Tj ET Q q 0 0 0 rg BT 77.95 551.25 Td (used ) Tj ET Q q 0 0 0 rg BT 99.80 551.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.53 551.25 Td (this ) Tj ET Q q 0 0 0 rg BT 128.48 551.25 Td (r) Tj ET Q q 0 0 0 rg BT 132.74 551.25 Td (eport, ) Tj ET Q q 0 0 0 rg BT 160.40 551.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.12 551.25 Td (words ) Tj ET Q q 0 0 0 rg BT 204.63 551.25 Td (believes, ) Tj ET Q q 0 0 0 rg BT 252.84 551.25 Td (expects, ) Tj ET Q q 0 0 0 rg BT 298.83 551.25 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 359.83 551.25 Td (intends, ) Tj ET Q q 0 0 0 rg BT 405.85 551.25 Td (assumes, ) Tj ET Q q 0 0 0 rg BT 455.75 551.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 510.07 551.25 Td (evaluates, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (may) Tj ET Q q 0 0 0 rg BT 72.78 539.25 Td (, ) Tj ET Q q 0 0 0 rg BT 84.95 539.25 Td (could, ) Tj ET Q q 0 0 0 rg BT 125.47 539.25 Td (opinions, ) Tj ET Q q 0 0 0 rg BT 178.77 539.25 Td (for) Tj ET Q q 0 0 0 rg BT 196.36 539.25 Td (ecasts, ) Tj ET Q q 0 0 0 rg BT 233.53 539.25 Td (futur) Tj ET Q q 0 0 0 rg BT 260.57 539.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 277.18 539.25 Td (forward, ) Tj ET Q q 0 0 0 rg BT 329.34 539.25 Td (potential, ) Tj ET Q q 0 0 0 rg BT 384.30 539.25 Td (pr) Tj ET Q q 0 0 0 rg BT 399.12 539.25 Td (obable, ) Tj ET Q q 0 0 0 rg BT 439.63 539.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.43 539.25 Td (similar) Tj ET Q q 0 0 0 rg BT 490.24 539.25 Td ( ) Tj ET Q q 0 0 0 rg BT 494.92 539.25 Td (expr) Tj ET Q q 0 0 0 rg BT 514.17 539.25 Td (essions ) Tj ET Q q 0 0 0 rg BT 548.30 539.25 Td (ar) Tj ET Q q 0 0 0 rg BT 557.56 539.25 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 89.73 527.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.56 527.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 135.84 527.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 208.34 527.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 506.25 Td (e ) Tj ET Q q 0 0 0 rg BT 67.46 506.25 Td (may ) Tj ET Q q 0 0 0 rg BT 89.35 506.25 Td (make ) Tj ET Q q 0 0 0 rg BT 116.25 506.25 Td (other) Tj ET Q q 0 0 0 rg BT 138.84 506.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.41 506.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 215.98 506.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 265.09 506.25 Td (fr) Tj ET Q q 0 0 0 rg BT 272.67 506.25 Td (om ) Tj ET Q q 0 0 0 rg BT 289.57 506.25 Td (time ) Tj ET Q q 0 0 0 rg BT 312.02 506.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.92 506.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 348.86 506.25 Td (including ) Tj ET Q q 0 0 0 rg BT 392.45 506.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.36 506.25 Td (r) Tj ET Q q 0 0 0 rg BT 408.62 506.25 Td (eports ) Tj ET Q q 0 0 0 rg BT 438.84 506.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 461.30 506.25 Td (with ) Tj ET Q q 0 0 0 rg BT 483.76 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.66 506.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 545.88 506.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 94.23 494.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 152.06 494.25 Td (pr) Tj ET Q q 0 0 0 rg BT 161.88 494.25 Td (ess ) Tj ET Q q 0 0 0 rg BT 176.66 494.25 Td (r) Tj ET Q q 0 0 0 rg BT 180.92 494.25 Td (eleases ) Tj ET Q q 0 0 0 rg BT 212.35 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.03 494.25 Td (public ) Tj ET Q q 0 0 0 rg BT 260.26 494.25 Td (confer) Tj ET Q q 0 0 0 rg BT 287.29 494.25 Td (ence ) Tj ET Q q 0 0 0 rg BT 308.72 494.25 Td (calls. ) Tj ET Q q 0 0 0 rg BT 332.10 494.25 Td (All ) Tj ET Q q 0 0 0 rg BT 347.43 494.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 419.99 494.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 468.08 494.25 Td (we ) Tj ET Q q 0 0 0 rg BT 482.30 494.25 Td (make ) Tj ET Q q 0 0 0 rg BT 508.19 494.25 Td (ar) Tj ET Q q 0 0 0 rg BT 517.44 494.25 Td (e ) Tj ET Q q 0 0 0 rg BT 524.44 494.25 Td (based ) Tj ET Q q 0 0 0 rg BT 551.45 494.25 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (information ) Tj ET Q q 0 0 0 rg BT 104.37 482.25 Td (available ) Tj ET Q q 0 0 0 rg BT 145.96 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.55 482.25 Td (us ) Tj ET Q q 0 0 0 rg BT 170.26 482.25 Td (at ) Tj ET Q q 0 0 0 rg BT 181.85 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.44 482.25 Td (time ) Tj ET Q q 0 0 0 rg BT 220.58 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.17 482.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 285.97 482.25 Td (ar) Tj ET Q q 0 0 0 rg BT 295.23 482.25 Td (e ) Tj ET Q q 0 0 0 rg BT 302.92 482.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 332.01 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.40 482.25 Td (we ) Tj ET Q q 0 0 0 rg BT 366.32 482.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 400.69 482.25 Td (no ) Tj ET Q q 0 0 0 rg BT 414.51 482.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 460.56 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.15 482.25 Td (update ) Tj ET Q q 0 0 0 rg BT 504.86 482.25 Td (any ) Tj ET Q q 0 0 0 rg BT 523.68 482.25 Td (forward-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 84.67 470.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 135.70 470.25 Td (except ) Tj ET Q q 0 0 0 rg BT 165.90 470.25 Td (as ) Tj ET Q q 0 0 0 rg BT 177.78 470.25 Td (may ) Tj ET Q q 0 0 0 rg BT 199.10 470.25 Td (be ) Tj ET Q q 0 0 0 rg BT 212.09 470.25 Td (r) Tj ET Q q 0 0 0 rg BT 216.35 470.25 Td (equir) Tj ET Q q 0 0 0 rg BT 238.94 470.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 251.93 470.25 Td (by ) Tj ET Q q 0 0 0 rg BT 265.49 470.25 Td (law) Tj ET Q q 0 0 0 rg BT 279.93 470.25 Td (. ) Tj ET Q q 0 0 0 rg BT 285.42 470.25 Td (Our) Tj ET Q q 0 0 0 rg BT 303.02 470.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.01 470.25 Td (business ) Tj ET Q q 0 0 0 rg BT 344.58 470.25 Td (is ) Tj ET Q q 0 0 0 rg BT 354.24 470.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 387.78 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.10 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.42 470.25 Td (effects ) Tj ET Q q 0 0 0 rg BT 445.60 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.92 470.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 493.81 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.14 470.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 545.89 470.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (global ) Tj ET Q q 0 0 0 rg BT 77.78 458.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 119.43 458.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 165.00 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.79 458.25 Td (a ) Tj ET Q q 0 0 0 rg BT 189.45 458.25 Td (number) Tj ET Q q 0 0 0 rg BT 223.16 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 224.83 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.82 458.25 Td (other) Tj ET Q q 0 0 0 rg BT 257.41 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.08 458.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 281.30 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.09 458.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 356.30 458.25 Td (that ) Tj ET Q q 0 0 0 rg BT 375.19 458.25 Td (could ) Tj ET Q q 0 0 0 rg BT 400.20 458.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 425.19 458.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 452.96 458.25 Td (r) Tj ET Q q 0 0 0 rg BT 457.22 458.25 Td (esults ) Tj ET Q q 0 0 0 rg BT 482.78 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.77 458.25 Td (differ) Tj ET Q q 0 0 0 rg BT 516.47 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.13 458.25 Td (materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (fr) Tj ET Q q 0 0 0 rg BT 57.59 446.25 Td (om ) Tj ET Q q 0 0 0 rg BT 72.72 446.25 Td (those ) Tj ET Q q 0 0 0 rg BT 96.74 446.25 Td (included ) Tj ET Q q 0 0 0 rg BT 135.22 446.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 147.86 446.25 Td (or) Tj ET Q q 0 0 0 rg BT 157.11 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.91 446.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 192.94 446.25 Td (by) Tj ET Q q 0 0 0 rg BT 202.95 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 207.25 446.25 Td (such ) Tj ET Q q 0 0 0 rg BT 228.50 446.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 300.30 446.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 350.14 446.25 Td (Some ) Tj ET Q q 0 0 0 rg BT 375.27 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.40 446.25 Td (these ) Tj ET Q q 0 0 0 rg BT 408.86 446.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 431.22 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.14 446.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 506.49 446.25 Td (ar) Tj ET Q q 0 0 0 rg BT 515.75 446.25 Td (e ) Tj ET Q q 0 0 0 rg BT 521.98 446.25 Td (discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.23 434.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 84.12 434.25 Td (1A. ) Tj ET Q q 0 0 0 rg BT 101.74 434.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 124.08 434.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 159.18 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.41 434.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 192.18 434.25 Td (I ) Tj ET Q q 0 0 0 rg BT 198.97 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.19 434.25 Td (this ) Tj ET Q q 0 0 0 rg BT 228.65 434.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 255.42 434.25 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 281.92 434.25 Td (Examples ) Tj ET Q q 0 0 0 rg BT 326.49 434.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.71 434.25 Td (these ) Tj ET Q q 0 0 0 rg BT 362.27 434.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 385.72 434.25 Td (include: ) Tj ET Q q 0 0 0 rg BT 423.06 434.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 463.74 434.25 Td (envir) Tj ET Q q 0 0 0 rg BT 485.77 434.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 528.67 434.25 Td (cleanup ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.13 422.25 Td (r) Tj ET Q q 0 0 0 rg BT 76.39 422.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 103.51 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.42 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.33 422.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 167.69 422.25 Td (Harbor) Tj ET Q q 0 0 0 rg BT 199.72 422.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.30 422.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 248.46 422.25 Td (site; ) Tj ET Q q 0 0 0 rg BT 267.80 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.71 422.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 313.73 422.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.64 422.25 Td (general ) Tj ET Q q 0 0 0 rg BT 356.87 422.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 398.44 422.25 Td (conditions; ) Tj ET Q q 0 0 0 rg BT 447.25 422.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 479.93 422.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 509.86 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.56 422.25 Td (demand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 96.35 410.25 Td (affecting ) Tj ET Q q 0 0 0 rg BT 136.01 410.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 164.01 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.58 410.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 220.03 410.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.82 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.60 410.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 284.04 410.25 Td (for) Tj ET Q q 0 0 0 rg BT 296.63 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 299.08 410.25 Td (both ) Tj ET Q q 0 0 0 rg BT 320.98 410.25 Td (our) Tj ET Q q 0 0 0 rg BT 335.80 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.25 410.25 Td (pr) Tj ET Q q 0 0 0 rg BT 348.07 410.25 Td (oducts ) Tj ET Q q 0 0 0 rg BT 378.30 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.88 410.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 415.99 410.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 458.42 410.25 Td (we ) Tj ET Q q 0 0 0 rg BT 472.53 410.25 Td (pur) Tj ET Q q 0 0 0 rg BT 487.91 410.25 Td (chase; ) Tj ET Q q 0 0 0 rg BT 517.02 410.25 Td (difficulties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 95.07 398.25 Td (with ) Tj ET Q q 0 0 0 rg BT 115.70 398.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 168.01 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.87 398.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 234.82 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.89 398.25 Td (acquir) Tj ET Q q 0 0 0 rg BT 272.49 398.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 284.23 398.25 Td (businesses; ) Tj ET Q q 0 0 0 rg BT 333.20 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.27 398.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 379.45 398.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.52 398.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 427.37 398.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 479.66 398.25 Td (charges; ) Tj ET Q q 0 0 0 rg BT 517.50 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 398.25 Td (impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 386.25 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 105.23 386.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 128.12 386.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 181.01 386.25 Td (charges; ) Tj ET Q q 0 0 0 rg BT 219.44 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.11 386.25 Td (r) Tj ET Q q 0 0 0 rg BT 239.37 386.25 Td (ealization ) Tj ET Q q 0 0 0 rg BT 282.81 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.48 386.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 333.02 386.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 352.02 386.25 Td (r) Tj ET Q q 0 0 0 rg BT 356.28 386.25 Td (eductions ) Tj ET Q q 0 0 0 rg BT 399.18 386.25 Td (r) Tj ET Q q 0 0 0 rg BT 403.44 386.25 Td (elated ) Tj ET Q q 0 0 0 rg BT 431.32 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.99 386.25 Td (r) Tj ET Q q 0 0 0 rg BT 446.25 386.25 Td (estructuring ) Tj ET Q q 0 0 0 rg BT 501.35 386.25 Td (initiatives; ) Tj ET Q q 0 0 0 rg BT 548.69 386.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 82.35 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.59 374.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 113.17 374.25 Td (containment ) Tj ET Q q 0 0 0 rg BT 169.41 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.44 374.25 Td (pr) Tj ET Q q 0 0 0 rg BT 198.26 374.25 Td (oductivity ) Tj ET Q q 0 0 0 rg BT 243.96 374.25 Td (impr) Tj ET Q q 0 0 0 rg BT 264.88 374.25 Td (ovement ) Tj ET Q q 0 0 0 rg BT 303.89 374.25 Td (pr) Tj ET Q q 0 0 0 rg BT 313.71 374.25 Td (ograms ) Tj ET Q q 0 0 0 rg BT 348.29 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.32 374.25 Td (initiatives; ) Tj ET Q q 0 0 0 rg BT 415.23 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.47 374.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 469.95 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.19 374.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 527.43 374.25 Td (to ) Tj ET Q q 0 0 0 rg BT 538.67 374.25 Td (fulfill ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (their) Tj ET Q q 0 0 0 rg BT 70.37 362.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.63 362.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 125.76 362.25 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 179.03 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.62 362.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 228.32 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.91 362.25 Td (for) Tj ET Q q 0 0 0 rg BT 252.50 362.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 273.53 362.25 Td (curr) Tj ET Q q 0 0 0 rg BT 292.23 362.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 314.93 362.25 Td (fluctuations; ) Tj ET Q q 0 0 0 rg BT 372.08 362.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 413.12 362.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 461.93 362.25 Td (on ) Tj ET Q q 0 0 0 rg BT 475.75 362.25 Td (our) Tj ET Q q 0 0 0 rg BT 490.57 362.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.83 362.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 524.32 362.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.91 362.25 Td (access ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 81.32 350.25 Td (r) Tj ET Q q 0 0 0 rg BT 85.58 350.25 Td (esour) Tj ET Q q 0 0 0 rg BT 108.73 350.25 Td (ces ) Tj ET Q q 0 0 0 rg BT 123.94 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.50 350.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 177.72 350.25 Td (cr) Tj ET Q q 0 0 0 rg BT 186.41 350.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 204.96 350.25 Td (facilities; ) Tj ET Q q 0 0 0 rg BT 246.27 350.25 Td (r) Tj ET Q q 0 0 0 rg BT 250.53 350.25 Td (estrictions ) Tj ET Q q 0 0 0 rg BT 296.84 350.25 Td (on ) Tj ET Q q 0 0 0 rg BT 309.84 350.25 Td (our) Tj ET Q q 0 0 0 rg BT 324.66 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.10 350.25 Td (business ) Tj ET Q q 0 0 0 rg BT 365.11 350.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.67 350.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 423.34 350.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 468.00 350.25 Td (under) Tj ET Q q 0 0 0 rg BT 493.38 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.82 350.25 Td (our) Tj ET Q q 0 0 0 rg BT 510.64 350.25 Td ( ) Tj ET Q q 0 0 0 rg BT 513.07 350.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 537.20 350.25 Td (cr) Tj ET Q q 0 0 0 rg BT 545.89 350.25 Td (edit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (agr) Tj ET Q q 0 0 0 rg BT 64.26 338.25 Td (eement; ) Tj ET Q q 0 0 0 rg BT 99.83 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 114.86 338.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 146.01 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.04 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.07 338.25 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 229.46 338.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.50 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.54 338.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 275.12 338.25 Td (industry; ) Tj ET Q q 0 0 0 rg BT 316.27 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.31 338.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 362.45 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.49 338.25 Td (imports ) Tj ET Q q 0 0 0 rg BT 407.52 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.55 338.25 Td (for) Tj ET Q q 0 0 0 rg BT 430.14 338.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 449.62 338.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 470.21 338.25 Td (into ) Tj ET Q q 0 0 0 rg BT 488.58 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.61 338.25 Td (U.S.; ) Tj ET Q q 0 0 0 rg BT 526.43 338.25 Td (inability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (to ) Tj ET Q q 0 0 0 rg BT 61.69 326.25 Td (r) Tj ET Q q 0 0 0 rg BT 65.95 326.25 Td (ealize ) Tj ET Q q 0 0 0 rg BT 93.18 326.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 133.75 326.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 170.44 326.25 Td (fr) Tj ET Q q 0 0 0 rg BT 178.03 326.25 Td (om ) Tj ET Q q 0 0 0 rg BT 194.72 326.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 248.63 326.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.33 326.25 Td (technology; ) Tj ET Q q 0 0 0 rg BT 313.13 326.25 Td (fr) Tj ET Q q 0 0 0 rg BT 320.72 326.25 Td (eight ) Tj ET Q q 0 0 0 rg BT 345.19 326.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 369.65 326.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.13 326.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 440.28 326.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.97 326.25 Td (transportation; ) Tj ET Q q 0 0 0 rg BT 520.88 326.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 553.68 326.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 98.45 314.25 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 140.80 314.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.81 314.25 Td (failur) Tj ET Q q 0 0 0 rg BT 183.52 314.25 Td (es ) Tj ET Q q 0 0 0 rg BT 194.74 314.25 Td (on ) Tj ET Q q 0 0 0 rg BT 208.19 314.25 Td (pr) Tj ET Q q 0 0 0 rg BT 218.01 314.25 Td (oduction; ) Tj ET Q q 0 0 0 rg BT 261.46 314.25 Td (pr) Tj ET Q q 0 0 0 rg BT 271.28 314.25 Td (oduct ) Tj ET Q q 0 0 0 rg BT 298.06 314.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 333.74 314.25 Td (claims; ) Tj ET Q q 0 0 0 rg BT 367.17 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.39 314.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 415.72 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.94 314.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 480.38 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.60 314.25 Td (our) Tj ET Q q 0 0 0 rg BT 506.42 314.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.31 314.25 Td (deferr) Tj ET Q q 0 0 0 rg BT 535.78 314.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 548.67 314.25 Td (tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 79.34 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.24 302.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 125.25 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.15 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.72 302.25 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 201.04 302.25 Td (incident; ) Tj ET Q q 0 0 0 rg BT 240.39 302.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 262.51 302.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 307.41 302.25 Td (with ) Tj ET Q q 0 0 0 rg BT 327.88 302.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 377.77 302.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.23 302.25 Td (envir) Tj ET Q q 0 0 0 rg BT 420.27 302.25 Td (onmental ) Tj ET Q q 0 0 0 rg BT 461.84 302.25 Td (r) Tj ET Q q 0 0 0 rg BT 466.10 302.25 Td (egulations; ) Tj ET Q q 0 0 0 rg BT 514.34 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.24 302.25 Td (adverse ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 82.83 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.55 290.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 129.03 290.25 Td (change; ) Tj ET Q q 0 0 0 rg BT 165.75 290.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 204.71 290.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.43 290.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 247.05 290.25 Td (or) Tj ET Q q 0 0 0 rg BT 256.31 290.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.70 290.25 Td (r) Tj ET Q q 0 0 0 rg BT 263.96 290.25 Td (enew ) Tj ET Q q 0 0 0 rg BT 289.01 290.25 Td (business ) Tj ET Q q 0 0 0 rg BT 327.97 290.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 363.58 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.09 290.25 Td (permits; ) Tj ET Q q 0 0 0 rg BT 422.58 290.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 474.30 290.25 Td (with ) Tj ET Q q 0 0 0 rg BT 496.58 290.25 Td (gr) Tj ET Q q 0 0 0 rg BT 505.84 290.25 Td (eenhouse ) Tj ET Q q 0 0 0 rg BT 548.12 290.25 Td (gas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (emission ) Tj ET Q q 0 0 0 rg BT 88.21 278.25 Td (r) Tj ET Q q 0 0 0 rg BT 92.47 278.25 Td (egulations; ) Tj ET Q q 0 0 0 rg BT 140.68 278.25 Td (r) Tj ET Q q 0 0 0 rg BT 144.94 278.25 Td (eliance ) Tj ET Q q 0 0 0 rg BT 175.92 278.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.02 278.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 233.44 278.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.54 278.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.41 278.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 316.37 278.25 Td (bargaining ) Tj ET Q q 0 0 0 rg BT 364.59 278.25 Td (agr) Tj ET Q q 0 0 0 rg BT 378.85 278.25 Td (eements; ) Tj ET Q q 0 0 0 rg BT 418.15 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.82 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.69 278.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 481.67 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.55 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.42 278.25 Td (underfunded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (status ) Tj ET Q q 0 0 0 rg BT 77.50 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.33 266.25 Td (multiemployer) Tj ET Q q 0 0 0 rg BT 150.92 266.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.42 266.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 178.71 266.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.55 266.25 Td (which ) Tj ET Q q 0 0 0 rg BT 217.61 266.25 Td (we ) Tj ET Q q 0 0 0 rg BT 231.77 266.25 Td (participate. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (2) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.15 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 295.79 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 309.08 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.01 742.10 Td ( I) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 732.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 720.50 Td (ITEM1. BUSINESS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.50 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.50 Td (Founded ) Tj ET Q q 0 0 0 rg BT 87.71 688.50 Td (in ) Tj ET Q q 0 0 0 rg BT 98.20 688.50 Td (1906, ) Tj ET Q q 0 0 0 rg BT 123.41 688.50 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 163.88 688.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 186.58 688.50 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 231.23 688.50 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 251.71 688.50 Td (an ) Tj ET Q q 0 0 0 rg BT 263.85 688.50 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 296.55 688.50 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 347.86 688.50 Td (is ) Tj ET Q q 0 0 0 rg BT 357.24 688.50 Td (one ) Tj ET Q q 0 0 0 rg BT 374.38 688.50 Td (of ) Tj ET Q q 0 0 0 rg BT 385.42 688.50 Td (North ) Tj ET Q q 0 0 0 rg BT 410.86 688.50 Td (America) Tj ET Q q 0 0 0 rg BT 448.06 688.50 Td (s ) Tj ET Q q 0 0 0 rg BT 454.67 688.50 Td (lar) Tj ET Q q 0 0 0 rg BT 465.03 688.50 Td (gest ) Tj ET Q q 0 0 0 rg BT 483.85 688.50 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 522.64 688.50 Td (of ) Tj ET Q q 0 0 0 rg BT 533.68 688.50 Td (ferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.50 Td (and ) Tj ET Q q 0 0 0 rg BT 67.08 676.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 113.04 676.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 136.78 676.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 164.14 676.50 Td (a ) Tj ET Q q 0 0 0 rg BT 171.22 676.50 Td (leading ) Tj ET Q q 0 0 0 rg BT 203.29 676.50 Td (recycler ) Tj ET Q q 0 0 0 rg BT 238.13 676.50 Td (of ) Tj ET Q q 0 0 0 rg BT 249.10 676.50 Td (used ) Tj ET Q q 0 0 0 rg BT 270.07 676.50 Td (and ) Tj ET Q q 0 0 0 rg BT 287.15 676.50 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 324.78 676.50 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 360.18 676.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.26 676.50 Td (a ) Tj ET Q q 0 0 0 rg BT 384.34 676.50 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 440.28 676.50 Td (of ) Tj ET Q q 0 0 0 rg BT 451.25 676.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 486.11 676.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 507.08 676.50 Td (products. ) Tj ET Q q 0 0 0 rg BT 546.47 676.50 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.50 Td (foundation ) Tj ET Q q 0 0 0 rg BT 96.95 664.50 Td (of ) Tj ET Q q 0 0 0 rg BT 108.90 664.50 Td (our ) Tj ET Q q 0 0 0 rg BT 125.85 664.50 Td (business ) Tj ET Q q 0 0 0 rg BT 163.37 664.50 Td (is ) Tj ET Q q 0 0 0 rg BT 173.66 664.50 Td (a ) Tj ET Q q 0 0 0 rg BT 181.72 664.50 Td (commitment ) Tj ET Q q 0 0 0 rg BT 235.89 664.50 Td (to ) Tj ET Q q 0 0 0 rg BT 247.29 664.50 Td (sustainability ) Tj ET Q q 0 0 0 rg BT 304.24 664.50 Td ( ) Tj ET Q q 0 0 0 rg BT 312.86 664.50 Td (recycling ) Tj ET Q q 0 0 0 rg BT 353.69 664.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 379.52 664.50 Td (to ) Tj ET Q q 0 0 0 rg BT 390.92 664.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 428.40 664.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 472.02 664.50 Td (value ) Tj ET Q q 0 0 0 rg BT 497.29 664.50 Td (while ) Tj ET Q q 0 0 0 rg BT 523.13 664.50 Td (achieving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.50 Td (profitable ) Tj ET Q q 0 0 0 rg BT 92.29 652.50 Td (growth. ) Tj ET Q q 0 0 0 rg BT 126.54 652.50 Td (In ) Tj ET Q q 0 0 0 rg BT 138.29 652.50 Td (recent ) Tj ET Q q 0 0 0 rg BT 166.13 652.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 193.15 652.50 Td (the ) Tj ET Q q 0 0 0 rg BT 208.79 652.50 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 254.98 652.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 290.05 652.50 Td (for ) Tj ET Q q 0 0 0 rg BT 305.13 652.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 329.65 652.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 355.28 652.50 Td (has ) Tj ET Q q 0 0 0 rg BT 372.03 652.50 Td (been ) Tj ET Q q 0 0 0 rg BT 394.33 652.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 423.29 652.50 Td (by ) Tj ET Q q 0 0 0 rg BT 436.71 652.50 Td (growing ) Tj ET Q q 0 0 0 rg BT 473.46 652.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 508.54 652.50 Td (for ) Tj ET Q q 0 0 0 rg BT 523.62 652.50 Td (new ) Tj ET Q q 0 0 0 rg BT 543.69 652.50 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.50 Td (products, ) Tj ET Q q 0 0 0 rg BT 89.27 640.50 Td (electric ) Tj ET Q q 0 0 0 rg BT 121.02 640.50 Td (arc ) Tj ET Q q 0 0 0 rg BT 135.56 640.50 Td (furnace ) Tj ET Q q 0 0 0 rg BT 167.87 640.50 Td (\(EAF\) ) Tj ET Q q 0 0 0 rg BT 204.63 640.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 225.29 640.50 Td (mill ) Tj ET Q q 0 0 0 rg BT 243.74 640.50 Td (technology ) Tj ET Q q 0 0 0 rg BT 290.50 640.50 Td (which ) Tj ET Q q 0 0 0 rg BT 317.28 640.50 Td (relies ) Tj ET Q q 0 0 0 rg BT 341.26 640.50 Td (on ) Tj ET Q q 0 0 0 rg BT 353.60 640.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 377.03 640.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 401.57 640.50 Td (as ) Tj ET Q q 0 0 0 rg BT 412.24 640.50 Td (its ) Tj ET Q q 0 0 0 rg BT 424.02 640.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 458.01 640.50 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 498.66 640.50 Td (and, ) Tj ET Q q 0 0 0 rg BT 517.93 640.50 Td (to ) Tj ET Q q 0 0 0 rg BT 528.04 640.50 Td (a ) Tj ET Q q 0 0 0 rg BT 534.81 640.50 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.50 Td (extent, ) Tj ET Q q 0 0 0 rg BT 79.66 628.50 Td (the ) Tj ET Q q 0 0 0 rg BT 94.61 628.50 Td (use ) Tj ET Q q 0 0 0 rg BT 110.67 628.50 Td (by ) Tj ET Q q 0 0 0 rg BT 123.40 628.50 Td (blast ) Tj ET Q q 0 0 0 rg BT 145.01 628.50 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 181.61 628.50 Td (of ) Tj ET Q q 0 0 0 rg BT 192.67 628.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 216.50 628.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 243.94 628.50 Td (which ) Tj ET Q q 0 0 0 rg BT 271.11 628.50 Td (reduces ) Tj ET Q q 0 0 0 rg BT 304.38 628.50 Td (ener) Tj ET Q q 0 0 0 rg BT 321.40 628.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 334.13 628.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 356.86 628.50 Td (and ) Tj ET Q q 0 0 0 rg BT 374.03 628.50 Td (use ) Tj ET Q q 0 0 0 rg BT 390.09 628.50 Td (of ) Tj ET Q q 0 0 0 rg BT 401.15 628.50 Td (vir) Tj ET Q q 0 0 0 rg BT 412.08 628.50 Td (gin ) Tj ET Q q 0 0 0 rg BT 427.58 628.50 Td (materials. ) Tj ET Q q 0 0 0 rg BT 469.27 628.50 Td (The ) Tj ET Q q 0 0 0 rg BT 487.54 628.50 Td (emer) Tj ET Q q 0 0 0 rg BT 507.35 628.50 Td (ging ) Tj ET Q q 0 0 0 rg BT 527.85 628.50 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.50 Td (the ) Tj ET Q q 0 0 0 rg BT 65.66 616.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 100.76 616.50 Td (end ) Tj ET Q q 0 0 0 rg BT 118.65 616.50 Td (markets ) Tj ET Q q 0 0 0 rg BT 153.75 616.50 Td (for ) Tj ET Q q 0 0 0 rg BT 168.85 616.50 Td (our ) Tj ET Q q 0 0 0 rg BT 185.63 616.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 222.93 616.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 247.48 616.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 275.63 616.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 315.17 616.50 Td (generate ) Tj ET Q q 0 0 0 rg BT 352.48 616.50 Td (insuf) Tj ET Q q 0 0 0 rg BT 372.30 616.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 401.28 616.50 Td (levels ) Tj ET Q q 0 0 0 rg BT 428.05 616.50 Td (of ) Tj ET Q q 0 0 0 rg BT 439.83 616.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 464.37 616.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 490.03 616.50 Td (to ) Tj ET Q q 0 0 0 rg BT 501.25 616.50 Td (feed ) Tj ET Q q 0 0 0 rg BT 521.90 616.50 Td (their ) Tj ET Q q 0 0 0 rg BT 543.67 616.50 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.50 Td (production. ) Tj ET Q q 0 0 0 rg BT 98.87 604.50 Td (This ) Tj ET Q q 0 0 0 rg BT 119.93 604.50 Td (results ) Tj ET Q q 0 0 0 rg BT 149.32 604.50 Td (in ) Tj ET Q q 0 0 0 rg BT 160.38 604.50 Td (a ) Tj ET Q q 0 0 0 rg BT 168.10 604.50 Td (need ) Tj ET Q q 0 0 0 rg BT 190.26 604.50 Td (to ) Tj ET Q q 0 0 0 rg BT 201.32 604.50 Td (source ) Tj ET Q q 0 0 0 rg BT 230.70 604.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 267.84 604.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 292.22 604.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 317.71 604.50 Td (from ) Tj ET Q q 0 0 0 rg BT 340.43 604.50 Td (developed ) Tj ET Q q 0 0 0 rg BT 384.81 604.50 Td (economies, ) Tj ET Q q 0 0 0 rg BT 433.35 604.50 Td (including ) Tj ET Q q 0 0 0 rg BT 474.41 604.50 Td (the ) Tj ET Q q 0 0 0 rg BT 489.90 604.50 Td (United ) Tj ET Q q 0 0 0 rg BT 520.40 604.50 Td (States ) Tj ET Q q 0 0 0 rg BT 547.57 604.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.50 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 84.99 592.50 Td (which, ) Tj ET Q q 0 0 0 rg BT 114.42 592.50 Td (together ) Tj ET Q q 0 0 0 rg BT 149.69 592.50 Td (with ) Tj ET Q q 0 0 0 rg BT 169.97 592.50 Td (domestic ) Tj ET Q q 0 0 0 rg BT 208.57 592.50 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 265.77 592.50 Td (creates ) Tj ET Q q 0 0 0 rg BT 296.03 592.50 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 331.30 592.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 365.46 592.50 Td (for ) Tj ET Q q 0 0 0 rg BT 379.62 592.50 Td (our ) Tj ET Q q 0 0 0 rg BT 395.45 592.50 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.50 Td (Through ) Tj ET Q q 0 0 0 rg BT 86.44 571.50 Td (our ) Tj ET Q q 0 0 0 rg BT 101.78 571.50 Td (North ) Tj ET Q q 0 0 0 rg BT 126.67 571.50 Td (American ) Tj ET Q q 0 0 0 rg BT 168.09 571.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 197.31 571.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 239.86 571.50 Td (Business, ) Tj ET Q q 0 0 0 rg BT 279.92 571.50 Td (we ) Tj ET Q q 0 0 0 rg BT 293.59 571.50 Td (collect ) Tj ET Q q 0 0 0 rg BT 322.24 571.50 Td (and ) Tj ET Q q 0 0 0 rg BT 338.68 571.50 Td (recycle ) Tj ET Q q 0 0 0 rg BT 369.55 571.50 Td (autobodies, ) Tj ET Q q 0 0 0 rg BT 417.38 571.50 Td (rail ) Tj ET Q q 0 0 0 rg BT 432.71 571.50 Td (cars, ) Tj ET Q q 0 0 0 rg BT 453.31 571.50 Td (home ) Tj ET Q q 0 0 0 rg BT 477.53 571.50 Td (appliances, ) Tj ET Q q 0 0 0 rg BT 524.23 571.50 Td (industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.50 Td (machinery) Tj ET Q q 0 0 0 rg BT 91.55 559.50 Td (, ) Tj ET Q q 0 0 0 rg BT 97.49 559.50 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 159.23 559.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 183.76 559.50 Td (and ) Tj ET Q q 0 0 0 rg BT 201.63 559.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 254.50 559.50 Td (and ) Tj ET Q q 0 0 0 rg BT 272.37 559.50 Td (demolition ) Tj ET Q q 0 0 0 rg BT 319.13 559.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 343.66 559.50 Td (from ) Tj ET Q q 0 0 0 rg BT 366.53 559.50 Td (bridges, ) Tj ET Q q 0 0 0 rg BT 401.90 559.50 Td (buildings ) Tj ET Q q 0 0 0 rg BT 442.56 559.50 Td (and ) Tj ET Q q 0 0 0 rg BT 460.43 559.50 Td (other ) Tj ET Q q 0 0 0 rg BT 484.41 559.50 Td (structures. ) Tj ET Q q 0 0 0 rg BT 528.98 559.50 Td (W) Tj ET Q q 0 0 0 rg BT 538.01 559.50 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 559.50 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 559.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.86 547.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 126.39 547.50 Td (located ) Tj ET Q q 0 0 0 rg BT 157.36 547.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.24 547.50 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.24 547.50 Td ( ) Tj ET Q q 0 0 0 rg BT 179.34 547.50 Td (States, ) Tj ET Q q 0 0 0 rg BT 207.82 547.50 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 236.03 547.50 Td (Rico ) Tj ET Q q 0 0 0 rg BT 257.01 547.50 Td (and ) Tj ET Q q 0 0 0 rg BT 273.40 547.50 Td (W) Tj ET Q q 0 0 0 rg BT 282.04 547.50 Td (estern ) Tj ET Q q 0 0 0 rg BT 308.01 547.50 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 342.60 547.50 Td (we ) Tj ET Q q 0 0 0 rg BT 356.35 547.50 Td (are ) Tj ET Q q 0 0 0 rg BT 370.66 547.50 Td (well-positioned ) Tj ET Q q 0 0 0 rg BT 434.97 547.50 Td (to ) Tj ET Q q 0 0 0 rg BT 444.85 547.50 Td (ef) Tj ET Q q 0 0 0 rg BT 452.44 547.50 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 487.85 547.50 Td (collect ) Tj ET Q q 0 0 0 rg BT 516.60 547.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 539.80 547.50 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.50 Td (throughout ) Tj ET Q q 0 0 0 rg BT 96.69 535.50 Td (North ) Tj ET Q q 0 0 0 rg BT 122.21 535.50 Td (America ) Tj ET Q q 0 0 0 rg BT 159.44 535.50 Td (and ) Tj ET Q q 0 0 0 rg BT 176.69 535.50 Td (export ) Tj ET Q q 0 0 0 rg BT 205.04 535.50 Td (products ) Tj ET Q q 0 0 0 rg BT 242.28 535.50 Td (to ) Tj ET Q q 0 0 0 rg BT 252.87 535.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 296.22 535.50 Td (around ) Tj ET Q q 0 0 0 rg BT 326.80 535.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.82 535.50 Td (world ) Tj ET Q q 0 0 0 rg BT 367.96 535.50 Td (from ) Tj ET Q q 0 0 0 rg BT 390.20 535.50 Td (our ) Tj ET Q q 0 0 0 rg BT 406.34 535.50 Td (seven ) Tj ET Q q 0 0 0 rg BT 431.92 535.50 Td (deep ) Tj ET Q q 0 0 0 rg BT 453.60 535.50 Td (water ) Tj ET Q q 0 0 0 rg BT 478.61 535.50 Td (ports. ) Tj ET Q q 0 0 0 rg BT 503.92 535.50 Td (In ) Tj ET Q q 0 0 0 rg BT 515.06 535.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 535.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 535.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.50 Td (we ) Tj ET Q q 0 0 0 rg BT 63.63 523.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 82.27 523.50 Td (our ) Tj ET Q q 0 0 0 rg BT 97.56 523.50 Td (products ) Tj ET Q q 0 0 0 rg BT 133.97 523.50 Td (to ) Tj ET Q q 0 0 0 rg BT 143.72 523.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 186.23 523.50 Td (located ) Tj ET Q q 0 0 0 rg BT 217.07 523.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.82 523.50 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.82 523.50 Td ( ) Tj ET Q q 0 0 0 rg BT 238.78 523.50 Td (countries ) Tj ET Q q 0 0 0 rg BT 277.41 523.50 Td (including ) Tj ET Q q 0 0 0 rg BT 317.15 523.50 Td (the ) Tj ET Q q 0 0 0 rg BT 331.33 523.50 Td (United ) Tj ET Q q 0 0 0 rg BT 360.52 523.50 Td (States ) Tj ET Q q 0 0 0 rg BT 386.37 523.50 Td (and ) Tj ET Q q 0 0 0 rg BT 402.78 523.50 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 437.23 523.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 454.75 523.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 483.94 523.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 526.45 523.50 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.93 511.50 Td (from ) Tj ET Q q 0 0 0 rg BT 105.65 511.50 Td (syner) Tj ET Q q 0 0 0 rg BT 127.13 511.50 Td (gies ) Tj ET Q q 0 0 0 rg BT 145.52 511.50 Td (with ) Tj ET Q q 0 0 0 rg BT 165.57 511.50 Td (our ) Tj ET Q q 0 0 0 rg BT 180.68 511.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 202.95 511.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 225.23 511.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 263.07 511.50 Td (in ) Tj ET Q q 0 0 0 rg BT 273.13 511.50 Td (several ) Tj ET Q q 0 0 0 rg BT 303.72 511.50 Td (geographic ) Tj ET Q q 0 0 0 rg BT 350.42 511.50 Td (regions. ) Tj ET Q q 0 0 0 rg BT 384.64 511.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 401.97 511.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 424.24 511.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 446.52 511.50 Td (Business, ) Tj ET Q q 0 0 0 rg BT 486.86 511.50 Td (which ) Tj ET Q q 0 0 0 rg BT 513.58 511.50 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.18 511.50 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.18 511.50 Td ( ) Tj ET Q q 0 0 0 rg BT 541.46 511.50 Td (retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.50 Td (locations, ) Tj ET Q q 0 0 0 rg BT 90.78 499.50 Td (buys ) Tj ET Q q 0 0 0 rg BT 111.84 499.50 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 156.76 499.50 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 194.20 499.50 Td (sells ) Tj ET Q q 0 0 0 rg BT 214.15 499.50 Td (parts ) Tj ET Q q 0 0 0 rg BT 235.76 499.50 Td (to ) Tj ET Q q 0 0 0 rg BT 245.71 499.50 Td (retail ) Tj ET Q q 0 0 0 rg BT 268.42 499.50 Td (and ) Tj ET Q q 0 0 0 rg BT 285.04 499.50 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 327.19 499.50 Td (customers, ) Tj ET Q q 0 0 0 rg BT 372.41 499.50 Td (and ) Tj ET Q q 0 0 0 rg BT 389.02 499.50 Td (sells ) Tj ET Q q 0 0 0 rg BT 408.97 499.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 439.46 499.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.07 499.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 501.57 499.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 525.95 499.50 Td (to ) Tj ET Q q 0 0 0 rg BT 535.90 499.50 Td (metals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.50 Td (recyclers, ) Tj ET Q q 0 0 0 rg BT 90.70 487.50 Td (including ) Tj ET Q q 0 0 0 rg BT 130.59 487.50 Td (our ) Tj ET Q q 0 0 0 rg BT 146.04 487.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 175.37 487.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 218.03 487.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 255.71 487.50 Td (where ) Tj ET Q q 0 0 0 rg BT 282.25 487.50 Td (geographically ) Tj ET Q q 0 0 0 rg BT 343.79 487.50 Td (feasible. ) Tj ET Q q 0 0 0 rg BT 379.50 487.50 Td (In ) Tj ET Q q 0 0 0 rg BT 389.95 487.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 427.34 487.50 Td (our ) Tj ET Q q 0 0 0 rg BT 442.78 487.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 464.90 487.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 526.44 487.50 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.50 Td (produces ) Tj ET Q q 0 0 0 rg BT 88.00 475.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 122.11 475.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 142.33 475.50 Td (products ) Tj ET Q q 0 0 0 rg BT 178.67 475.50 Td (such ) Tj ET Q q 0 0 0 rg BT 198.89 475.50 Td (as ) Tj ET Q q 0 0 0 rg BT 209.12 475.50 Td (rebar) Tj ET Q q 0 0 0 rg BT 229.26 475.50 Td (, ) Tj ET Q q 0 0 0 rg BT 233.65 475.50 Td (wire ) Tj ET Q q 0 0 0 rg BT 253.32 475.50 Td (rod, ) Tj ET Q q 0 0 0 rg BT 271.05 475.50 Td (coiled ) Tj ET Q q 0 0 0 rg BT 297.38 475.50 Td (rebar) Tj ET Q q 0 0 0 rg BT 317.51 475.50 Td (, ) Tj ET Q q 0 0 0 rg BT 321.91 475.50 Td (merchant ) Tj ET Q q 0 0 0 rg BT 361.01 475.50 Td (bar ) Tj ET Q q 0 0 0 rg BT 375.68 475.50 Td (and ) Tj ET Q q 0 0 0 rg BT 392.01 475.50 Td (other ) Tj ET Q q 0 0 0 rg BT 414.46 475.50 Td (specialty ) Tj ET Q q 0 0 0 rg BT 451.89 475.50 Td (products ) Tj ET Q q 0 0 0 rg BT 488.23 475.50 Td (using ) Tj ET Q q 0 0 0 rg BT 511.80 475.50 Td (nearly ) Tj ET Q q 0 0 0 rg BT 538.68 475.50 Td (100% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 86.36 463.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 111.07 463.50 Td (sourced ) Tj ET Q q 0 0 0 rg BT 144.67 463.50 Td (from ) Tj ET Q q 0 0 0 rg BT 166.61 463.50 Td (our ) Tj ET Q q 0 0 0 rg BT 182.44 463.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 212.16 463.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 255.20 463.50 Td (Business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.50 Td (In ) Tj ET Q q 0 0 0 rg BT 60.05 442.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.42 442.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.42 442.50 Td (, ) Tj ET Q q 0 0 0 rg BT 107.63 442.50 Td (our ) Tj ET Q q 0 0 0 rg BT 122.68 442.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 151.61 442.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 193.87 442.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 231.15 442.50 Td (processed ) Tj ET Q q 0 0 0 rg BT 272.29 442.50 Td (or ) Tj ET Q q 0 0 0 rg BT 282.34 442.50 Td (brokered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.59 442.50 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 333.81 442.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.70 442.50 Td ( ) Tj ET Q q 0 0 0 rg BT 364.42 442.50 Td (tons ) Tj ET Q q 0 0 0 rg BT 382.81 442.50 Td (of ) Tj ET Q q 0 0 0 rg BT 392.85 442.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 422.89 442.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 445.70 442.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 469.63 442.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.79 442.50 Td (555 ) Tj ET Q q 0 0 0 rg BT 502.50 442.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.39 442.50 Td ( ) Tj ET Q q 0 0 0 rg BT 533.11 442.50 Td (pounds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.50 Td (of ) Tj ET Q q 0 0 0 rg BT 59.88 430.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 104.75 430.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 127.40 430.50 Td (metal. ) Tj ET Q q 0 0 0 rg BT 153.66 430.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 170.76 430.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 199.53 430.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 241.62 430.50 Td (Business) Tj ET Q q 0 0 0 rg BT 279.77 430.50 Td ( ) Tj ET Q q 0 0 0 rg BT 281.32 430.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 318.41 430.50 Td (by ) Tj ET Q q 0 0 0 rg BT 329.96 430.50 Td (major ) Tj ET Q q 0 0 0 rg BT 354.84 430.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 377.49 430.50 Td (product ) Tj ET Q q 0 0 0 rg BT 409.58 430.50 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.56 430.50 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.89 430.50 Td ( ) Tj ET Q q 0 0 0 rg BT 450.44 430.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 480.31 430.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.30 430.50 Td (24%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.63 430.50 Td ( ) Tj ET Q q 0 0 0 rg BT 516.18 430.50 Td (nonferrous, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 418.50 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.27 418.50 Td ( ) Tj ET Q q 0 0 0 rg BT 87.77 418.50 Td (of ) Tj ET Q q 0 0 0 rg BT 98.60 418.50 Td (our ) Tj ET Q q 0 0 0 rg BT 114.43 418.50 Td (external ) Tj ET Q q 0 0 0 rg BT 149.13 418.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 187.17 418.50 Td (were ) Tj ET Q q 0 0 0 rg BT 209.10 418.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 250.46 418.50 Td (from ) Tj ET Q q 0 0 0 rg BT 272.40 418.50 Td (export ) Tj ET Q q 0 0 0 rg BT 300.44 418.50 Td (sales.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.50 Td (In ) Tj ET Q q 0 0 0 rg BT 61.29 397.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.91 397.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 111.38 397.50 Td (we ) Tj ET Q q 0 0 0 rg BT 126.00 397.50 Td (initiated ) Tj ET Q q 0 0 0 rg BT 161.73 397.50 Td (and ) Tj ET Q q 0 0 0 rg BT 179.14 397.50 Td (implemented ) Tj ET Q q 0 0 0 rg BT 234.31 397.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 288.36 397.50 Td (and ) Tj ET Q q 0 0 0 rg BT 305.77 397.50 Td (productivity ) Tj ET Q q 0 0 0 rg BT 357.61 397.50 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 400.01 397.50 Td (incremental ) Tj ET Q q 0 0 0 rg BT 450.18 397.50 Td (to ) Tj ET Q q 0 0 0 rg BT 460.92 397.50 Td (those ) Tj ET Q q 0 0 0 rg BT 484.99 397.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 529.60 397.50 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 397.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 72.96 385.50 Td (designed ) Tj ET Q q 0 0 0 rg BT 111.47 385.50 Td (to ) Tj ET Q q 0 0 0 rg BT 122.21 385.50 Td (further ) Tj ET Q q 0 0 0 rg BT 152.38 385.50 Td (reduce ) Tj ET Q q 0 0 0 rg BT 181.99 385.50 Td (our ) Tj ET Q q 0 0 0 rg BT 198.29 385.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 227.90 385.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 268.63 385.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 307.69 385.50 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 385.50 Td ($40 ) Tj ET Q q 0 0 0 rg BT 338.62 385.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.51 385.50 Td (, ) Tj ET Q q 0 0 0 rg BT 372.97 385.50 Td (achieving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.81 385.50 Td ($29 ) Tj ET Q q 0 0 0 rg BT 432.77 385.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.66 385.50 Td ( ) Tj ET Q q 0 0 0 rg BT 464.62 385.50 Td (of ) Tj ET Q q 0 0 0 rg BT 475.92 385.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 506.64 385.50 Td (in ) Tj ET Q q 0 0 0 rg BT 517.38 385.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.00 385.50 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.50 Td (results ) Tj ET Q q 0 0 0 rg BT 77.65 373.50 Td (with ) Tj ET Q q 0 0 0 rg BT 96.98 373.50 Td (the ) Tj ET Q q 0 0 0 rg BT 110.74 373.50 Td (full ) Tj ET Q q 0 0 0 rg BT 126.17 373.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 154.37 373.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 183.68 373.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 220.76 373.50 Td (to ) Tj ET Q q 0 0 0 rg BT 230.08 373.50 Td (be ) Tj ET Q q 0 0 0 rg BT 241.07 373.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 278.14 373.50 Td (in ) Tj ET Q q 0 0 0 rg BT 287.47 373.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 310.67 373.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 334.60 373.50 Td (The ) Tj ET Q q 0 0 0 rg BT 351.69 373.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 384.90 373.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.53 373.50 Td (with ) Tj ET Q q 0 0 0 rg BT 446.86 373.50 Td (these ) Tj ET Q q 0 0 0 rg BT 468.95 373.50 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 509.93 373.50 Td (are ) Tj ET Q q 0 0 0 rg BT 523.69 373.50 Td (occurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.74 361.50 Td (in ) Tj ET Q q 0 0 0 rg BT 100.05 361.50 Td (our ) Tj ET Q q 0 0 0 rg BT 115.91 361.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 145.65 361.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 188.72 361.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 226.81 361.50 Td (as ) Tj ET Q q 0 0 0 rg BT 237.67 361.50 Td (a ) Tj ET Q q 0 0 0 rg BT 244.64 361.50 Td (result ) Tj ET Q q 0 0 0 rg BT 269.38 361.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.24 361.50 Td (a ) Tj ET Q q 0 0 0 rg BT 287.21 361.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 339.72 361.50 Td (of ) Tj ET Q q 0 0 0 rg BT 350.58 361.50 Td (headcount ) Tj ET Q q 0 0 0 rg BT 394.21 361.50 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 440.89 361.50 Td (implementation ) Tj ET Q q 0 0 0 rg BT 506.18 361.50 Td (of ) Tj ET Q q 0 0 0 rg BT 517.04 361.50 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.50 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 349.50 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 101.41 349.50 Td (reduced ) Tj ET Q q 0 0 0 rg BT 136.06 349.50 Td (lease ) Tj ET Q q 0 0 0 rg BT 159.06 349.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 182.07 349.50 Td (and ) Tj ET Q q 0 0 0 rg BT 199.51 349.50 Td (other ) Tj ET Q q 0 0 0 rg BT 223.07 349.50 Td (productivity ) Tj ET Q q 0 0 0 rg BT 274.96 349.50 Td (improvements. ) Tj ET Q q 0 0 0 rg BT 337.46 349.50 Td (These ) Tj ET Q q 0 0 0 rg BT 364.35 349.50 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 406.80 349.50 Td (are ) Tj ET Q q 0 0 0 rg BT 422.02 349.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 468.89 349.50 Td (to ) Tj ET Q q 0 0 0 rg BT 479.68 349.50 Td (be ) Tj ET Q q 0 0 0 rg BT 492.13 349.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 536.79 349.50 Td (by ) Tj ET Q q 0 0 0 rg BT 549.80 349.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.50 Td (end ) Tj ET Q q 0 0 0 rg BT 66.56 337.50 Td (of ) Tj ET Q q 0 0 0 rg BT 77.00 337.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 100.78 337.50 Td (2015. ) Tj ET Q q 0 0 0 rg BT 125.24 337.50 Td (W) Tj ET Q q 0 0 0 rg BT 133.88 337.50 Td (e ) Tj ET Q q 0 0 0 rg BT 140.44 337.50 Td (incurred ) Tj ET Q q 0 0 0 rg BT 175.87 337.50 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 229.08 337.50 Td (char) Tj ET Q q 0 0 0 rg BT 246.11 337.50 Td (ges ) Tj ET Q q 0 0 0 rg BT 261.56 337.50 Td (and ) Tj ET Q q 0 0 0 rg BT 278.11 337.50 Td (other ) Tj ET Q q 0 0 0 rg BT 300.78 337.50 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 348.42 337.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 370.54 337.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.99 337.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 393.11 337.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.00 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 424.12 337.50 Td (in ) Tj ET Q q 0 0 0 rg BT 434.02 337.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 480.01 337.50 Td (with ) Tj ET Q q 0 0 0 rg BT 499.90 337.50 Td (these ) Tj ET Q q 0 0 0 rg BT 522.57 337.50 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.56 325.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.00 325.50 Td (2014. ) Tj ET Q q 0 0 0 rg BT 110.08 325.50 Td (W) Tj ET Q q 0 0 0 rg BT 118.72 325.50 Td (e ) Tj ET Q q 0 0 0 rg BT 125.94 325.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 145.94 325.50 Td (to ) Tj ET Q q 0 0 0 rg BT 156.50 325.50 Td (initiate ) Tj ET Q q 0 0 0 rg BT 187.05 325.50 Td (and ) Tj ET Q q 0 0 0 rg BT 204.27 325.50 Td (implement ) Tj ET Q q 0 0 0 rg BT 249.82 325.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 292.59 325.50 Td (productivity ) Tj ET Q q 0 0 0 rg BT 344.26 325.50 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 386.48 325.50 Td (in ) Tj ET Q q 0 0 0 rg BT 397.04 325.50 Td (our ) Tj ET Q q 0 0 0 rg BT 412.54 325.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 435.32 325.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 458.10 325.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 496.44 325.50 Td (in ) Tj ET Q q 0 0 0 rg BT 507.00 325.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 531.44 325.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 554.22 325.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.50 Td (improve ) Tj ET Q q 0 0 0 rg BT 85.98 313.50 Td (profitability ) Tj ET Q q 0 0 0 rg BT 136.40 313.50 Td (through ) Tj ET Q q 0 0 0 rg BT 170.17 313.50 Td (a ) Tj ET Q q 0 0 0 rg BT 177.26 313.50 Td (combination ) Tj ET Q q 0 0 0 rg BT 229.91 313.50 Td (of ) Tj ET Q q 0 0 0 rg BT 240.89 313.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.19 313.50 Td (drivers ) Tj ET Q q 0 0 0 rg BT 305.62 313.50 Td (and ) Tj ET Q q 0 0 0 rg BT 322.71 313.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 341.47 313.50 Td (reduction ) Tj ET Q q 0 0 0 rg BT 381.89 313.50 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 426.49 313.50 Td (Our ) Tj ET Q q 0 0 0 rg BT 444.69 313.50 Td (tar) Tj ET Q q 0 0 0 rg BT 455.06 313.50 Td (geted ) Tj ET Q q 0 0 0 rg BT 479.37 313.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 508.68 313.50 Td (improvement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.50 Td (is ) Tj ET Q q 0 0 0 rg BT 59.46 301.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 120.00 301.50 Td ($7 ) Tj ET Q q 0 0 0 rg BT 132.79 301.50 Td (million, ) Tj ET Q q 0 0 0 rg BT 166.97 301.50 Td (with ) Tj ET Q q 0 0 0 rg BT 187.54 301.50 Td (approximately ) Tj ET Q q 0 0 0 rg BT 248.09 301.50 Td (50% ) Tj ET Q q 0 0 0 rg BT 269.20 301.50 Td (of ) Tj ET Q q 0 0 0 rg BT 280.32 301.50 Td (that ) Tj ET Q q 0 0 0 rg BT 298.11 301.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 330.89 301.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 369.21 301.50 Td (to ) Tj ET Q q 0 0 0 rg BT 379.78 301.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 410.33 301.50 Td (the ) Tj ET Q q 0 0 0 rg BT 425.33 301.50 Td (second ) Tj ET Q q 0 0 0 rg BT 455.89 301.50 Td (half ) Tj ET Q q 0 0 0 rg BT 474.22 301.50 Td (of ) Tj ET Q q 0 0 0 rg BT 485.34 301.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 509.79 301.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 532.57 301.50 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 301.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.50 Td (full ) Tj ET Q q 0 0 0 rg BT 66.39 289.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 95.54 289.50 Td (run ) Tj ET Q q 0 0 0 rg BT 111.37 289.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 128.86 289.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 166.89 289.50 Td (in ) Tj ET Q q 0 0 0 rg BT 177.17 289.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 201.32 289.50 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.50 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 268.50 Td (e ) Tj ET Q q 0 0 0 rg BT 65.19 268.50 Td (report ) Tj ET Q q 0 0 0 rg BT 91.19 268.50 Td (the ) Tj ET Q q 0 0 0 rg BT 105.52 268.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 149.30 268.50 Td (of ) Tj ET Q q 0 0 0 rg BT 159.75 268.50 Td (these ) Tj ET Q q 0 0 0 rg BT 182.41 268.50 Td (three ) Tj ET Q q 0 0 0 rg BT 204.51 268.50 Td (businesses ) Tj ET Q q 0 0 0 rg BT 248.85 268.50 Td (in ) Tj ET Q q 0 0 0 rg BT 258.75 268.50 Td (three ) Tj ET Q q 0 0 0 rg BT 280.85 268.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 319.63 268.50 Td (segments: ) Tj ET Q q 0 0 0 rg BT 361.74 268.50 Td (the ) Tj ET Q q 0 0 0 rg BT 376.08 268.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 405.41 268.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 448.07 268.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 485.75 268.50 Td (\(MRB\), ) Tj ET Q q 0 0 0 rg BT 528.14 268.50 Td (the ) Tj ET Q q 0 0 0 rg BT 542.00 268.50 Td (Auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 72.40 256.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 110.37 256.50 Td (\(APB\) ) Tj ET Q q 0 0 0 rg BT 147.77 256.50 Td (and ) Tj ET Q q 0 0 0 rg BT 164.61 256.50 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 256.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 201.63 256.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 263.46 256.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 301.43 256.50 Td (\(SMB\). ) Tj ET Q q 0 0 0 rg BT 342.99 256.50 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.83 256.50 Td (Note ) Tj ET Q q 0 0 0 rg BT 381.68 256.50 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.68 256.50 Td ( ) Tj ET Q q 0 0 0 rg BT 394.08 256.50 Td ( ) Tj ET Q q 0 0 0 rg BT 401.49 256.50 Td (Segment ) Tj ET Q q 0 0 0 rg BT 438.89 256.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 489.06 256.50 Td (in ) Tj ET Q q 0 0 0 rg BT 499.24 256.50 Td (the ) Tj ET Q q 0 0 0 rg BT 513.86 256.50 Td (Notes ) Tj ET Q q 0 0 0 rg BT 539.59 256.50 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 256.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.50 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 106.10 244.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 146.64 244.50 Td (Statements ) Tj ET Q q 0 0 0 rg BT 193.85 244.50 Td (in ) Tj ET Q q 0 0 0 rg BT 204.96 244.50 Td (Part ) Tj ET Q q 0 0 0 rg BT 224.40 244.50 Td (II, ) Tj ET Q q 0 0 0 rg BT 236.89 244.50 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 266.04 244.50 Td (of ) Tj ET Q q 0 0 0 rg BT 277.70 244.50 Td (this ) Tj ET Q q 0 0 0 rg BT 295.48 244.50 Td (report ) Tj ET Q q 0 0 0 rg BT 322.69 244.50 Td (for ) Tj ET Q q 0 0 0 rg BT 337.67 244.50 Td (a ) Tj ET Q q 0 0 0 rg BT 345.44 244.50 Td (discussion ) Tj ET Q q 0 0 0 rg BT 390.44 244.50 Td (of ) Tj ET Q q 0 0 0 rg BT 402.10 244.50 Td (the ) Tj ET Q q 0 0 0 rg BT 417.65 244.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 452.63 244.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 492.06 244.50 Td (of ) Tj ET Q q 0 0 0 rg BT 503.72 244.50 Td (each ) Tj ET Q q 0 0 0 rg BT 525.36 244.50 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.50 Td (segment, ) Tj ET Q q 0 0 0 rg BT 88.50 232.50 Td (total ) Tj ET Q q 0 0 0 rg BT 108.96 232.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 134.97 232.50 Td (by ) Tj ET Q q 0 0 0 rg BT 147.65 232.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 186.98 232.50 Td (segment, ) Tj ET Q q 0 0 0 rg BT 225.49 232.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.93 232.50 Td (results ) Tj ET Q q 0 0 0 rg BT 294.72 232.50 Td (from ) Tj ET Q q 0 0 0 rg BT 316.84 232.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 362.29 232.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 409.13 232.50 Td (revenues ) Tj ET Q q 0 0 0 rg BT 447.34 232.50 Td (from ) Tj ET Q q 0 0 0 rg BT 469.46 232.50 Td (external ) Tj ET Q q 0 0 0 rg BT 504.34 232.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.57 232.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.50 Td (concentration ) Tj ET Q q 0 0 0 rg BT 106.92 220.50 Td (of ) Tj ET Q q 0 0 0 rg BT 117.75 220.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 139.69 220.50 Td (to ) Tj ET Q q 0 0 0 rg BT 149.97 220.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 181.34 220.50 Td (countries.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 199.50 Td (Metals Recycling Business) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 183.1669921875 m 85 183.1669921875 l s q 0 0 0 rg BT 50.00 184.50 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.50 Td (MRB ) Tj ET Q q 0 0 0 rg BT 75.46 169.50 Td (buys, ) Tj ET Q q 0 0 0 rg BT 100.09 169.50 Td (collects, ) Tj ET Q q 0 0 0 rg BT 136.36 169.50 Td (processes, ) Tj ET Q q 0 0 0 rg BT 180.41 169.50 Td (recycles, ) Tj ET Q q 0 0 0 rg BT 218.90 169.50 Td (sells ) Tj ET Q q 0 0 0 rg BT 239.91 169.50 Td (and ) Tj ET Q q 0 0 0 rg BT 257.58 169.50 Td (brokers ) Tj ET Q q 0 0 0 rg BT 290.80 169.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 322.35 169.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 346.68 169.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 372.12 169.50 Td (\(containing ) Tj ET Q q 0 0 0 rg BT 420.90 169.50 Td (iron\) ) Tj ET Q q 0 0 0 rg BT 443.57 169.50 Td (to ) Tj ET Q q 0 0 0 rg BT 454.58 169.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 486.68 169.50 Td (and ) Tj ET Q q 0 0 0 rg BT 504.35 169.50 Td (domestic ) Tj ET Q q 0 0 0 rg BT 543.69 169.50 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.50 Td (producers, ) Tj ET Q q 0 0 0 rg BT 93.70 157.50 Td (including ) Tj ET Q q 0 0 0 rg BT 133.25 157.50 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 158.65 157.50 Td (and ) Tj ET Q q 0 0 0 rg BT 174.86 157.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 219.96 157.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 242.83 157.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 266.82 157.50 Td (\(not ) Tj ET Q q 0 0 0 rg BT 284.70 157.50 Td (containing ) Tj ET Q q 0 0 0 rg BT 328.69 157.50 Td (iron\) ) Tj ET Q q 0 0 0 rg BT 349.90 157.50 Td (to ) Tj ET Q q 0 0 0 rg BT 359.46 157.50 Td (both ) Tj ET Q q 0 0 0 rg BT 379.01 157.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 409.66 157.50 Td (and ) Tj ET Q q 0 0 0 rg BT 425.87 157.50 Td (domestic ) Tj ET Q q 0 0 0 rg BT 463.75 157.50 Td (markets. ) Tj ET Q q 0 0 0 rg BT 499.68 157.50 Td (MRB ) Tj ET Q q 0 0 0 rg BT 523.69 157.50 Td (processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.50 Td (mixed ) Tj ET Q q 0 0 0 rg BT 76.92 145.50 Td (and ) Tj ET Q q 0 0 0 rg BT 93.28 145.50 Td (lar) Tj ET Q q 0 0 0 rg BT 103.64 145.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 115.00 145.50 Td (pieces ) Tj ET Q q 0 0 0 rg BT 141.91 145.50 Td (of ) Tj ET Q q 0 0 0 rg BT 152.16 145.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 175.18 145.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 199.31 145.50 Td (into ) Tj ET Q q 0 0 0 rg BT 216.79 145.50 Td (smaller ) Tj ET Q q 0 0 0 rg BT 248.15 145.50 Td (pieces ) Tj ET Q q 0 0 0 rg BT 275.05 145.50 Td (by ) Tj ET Q q 0 0 0 rg BT 286.98 145.50 Td (crushing, ) Tj ET Q q 0 0 0 rg BT 325.83 145.50 Td (sorting, ) Tj ET Q q 0 0 0 rg BT 358.03 145.50 Td (shearing, ) Tj ET Q q 0 0 0 rg BT 396.33 145.50 Td (shredding, ) Tj ET Q q 0 0 0 rg BT 440.19 145.50 Td (and ) Tj ET Q q 0 0 0 rg BT 456.55 145.50 Td (torching, ) Tj ET Q q 0 0 0 rg BT 494.30 145.50 Td (resulting ) Tj ET Q q 0 0 0 rg BT 531.22 145.50 Td (in ) Tj ET Q q 0 0 0 rg BT 540.92 145.50 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.18 133.50 Td (pieces ) Tj ET Q q 0 0 0 rg BT 101.13 133.50 Td (of ) Tj ET Q q 0 0 0 rg BT 111.42 133.50 Td (a ) Tj ET Q q 0 0 0 rg BT 117.82 133.50 Td (size, ) Tj ET Q q 0 0 0 rg BT 137.83 133.50 Td (density ) Tj ET Q q 0 0 0 rg BT 168.69 133.50 Td (and ) Tj ET Q q 0 0 0 rg BT 185.09 133.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 209.26 133.50 Td (content ) Tj ET Q q 0 0 0 rg BT 240.66 133.50 Td (required ) Tj ET Q q 0 0 0 rg BT 275.94 133.50 Td (by ) Tj ET Q q 0 0 0 rg BT 287.91 133.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 330.42 133.50 Td (to ) Tj ET Q q 0 0 0 rg BT 340.16 133.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 361.56 133.50 Td (their ) Tj ET Q q 0 0 0 rg BT 381.85 133.50 Td (production ) Tj ET Q q 0 0 0 rg BT 427.14 133.50 Td (needs. ) Tj ET Q q 0 0 0 rg BT 454.23 133.50 Td (The ) Tj ET Q q 0 0 0 rg BT 471.74 133.50 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 532.01 133.50 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.93 121.50 Td (physical ) Tj ET Q q 0 0 0 rg BT 121.85 121.50 Td (separation ) Tj ET Q q 0 0 0 rg BT 165.54 121.50 Td (of ) Tj ET Q q 0 0 0 rg BT 176.47 121.50 Td (materials ) Tj ET Q q 0 0 0 rg BT 215.73 121.50 Td (through ) Tj ET Q q 0 0 0 rg BT 249.43 121.50 Td (automated ) Tj ET Q q 0 0 0 rg BT 293.68 121.50 Td (and ) Tj ET Q q 0 0 0 rg BT 310.72 121.50 Td (manual ) Tj ET Q q 0 0 0 rg BT 342.76 121.50 Td (processes ) Tj ET Q q 0 0 0 rg BT 383.68 121.50 Td (into ) Tj ET Q q 0 0 0 rg BT 401.83 121.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 432.75 121.50 Td (and ) Tj ET Q q 0 0 0 rg BT 449.79 121.50 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 495.71 121.50 Td (and ) Tj ET Q q 0 0 0 rg BT 512.75 121.50 Td (various ) Tj ET Q q 0 0 0 rg BT 544.79 121.50 Td (sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.50 Td (classifications, ) Tj ET Q q 0 0 0 rg BT 111.65 109.50 Td (each ) Tj ET Q q 0 0 0 rg BT 132.47 109.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.30 109.50 Td (which ) Tj ET Q q 0 0 0 rg BT 170.23 109.50 Td (has ) Tj ET Q q 0 0 0 rg BT 186.06 109.50 Td (a ) Tj ET Q q 0 0 0 rg BT 193.00 109.50 Td (value ) Tj ET Q q 0 0 0 rg BT 217.16 109.50 Td (and ) Tj ET Q q 0 0 0 rg BT 234.10 109.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 258.81 109.50 Td (content ) Tj ET Q q 0 0 0 rg BT 290.74 109.50 Td (of ) Tj ET Q q 0 0 0 rg BT 301.57 109.50 Td (importance ) Tj ET Q q 0 0 0 rg BT 349.05 109.50 Td (to ) Tj ET Q q 0 0 0 rg BT 359.33 109.50 Td (dif) Tj ET Q q 0 0 0 rg BT 370.26 109.50 Td (ferent ) Tj ET Q q 0 0 0 rg BT 396.07 109.50 Td (customers ) Tj ET Q q 0 0 0 rg BT 439.12 109.50 Td (for ) Tj ET Q q 0 0 0 rg BT 453.28 109.50 Td (their ) Tj ET Q q 0 0 0 rg BT 474.11 109.50 Td (end ) Tj ET Q q 0 0 0 rg BT 491.04 109.50 Td (product.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 88.50 Td (o ) Tj ET Q q 0 0 0 rg BT 62.32 88.50 Td (prepare ) Tj ET Q q 0 0 0 rg BT 94.21 88.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 117.22 88.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 143.84 88.50 Td (we ) Tj ET Q q 0 0 0 rg BT 157.41 88.50 Td (crush, ) Tj ET Q q 0 0 0 rg BT 183.48 88.50 Td (sort ) Tj ET Q q 0 0 0 rg BT 200.39 88.50 Td (and ) Tj ET Q q 0 0 0 rg BT 216.74 88.50 Td (bale ) Tj ET Q q 0 0 0 rg BT 235.31 88.50 Td (the ) Tj ET Q q 0 0 0 rg BT 249.43 88.50 Td (material ) Tj ET Q q 0 0 0 rg BT 284.10 88.50 Td (by ) Tj ET Q q 0 0 0 rg BT 296.01 88.50 Td (product ) Tj ET Q q 0 0 0 rg BT 328.47 88.50 Td (grade ) Tj ET Q q 0 0 0 rg BT 352.59 88.50 Td (for ) Tj ET Q q 0 0 0 rg BT 366.16 88.50 Td (easier ) Tj ET Q q 0 0 0 rg BT 391.39 88.50 Td (handling ) Tj ET Q q 0 0 0 rg BT 428.29 88.50 Td (and ) Tj ET Q q 0 0 0 rg BT 444.64 88.50 Td (sale. ) Tj ET Q q 0 0 0 rg BT 464.60 88.50 Td (One ) Tj ET Q q 0 0 0 rg BT 483.17 88.50 Td (of ) Tj ET Q q 0 0 0 rg BT 493.41 88.50 Td (the ) Tj ET Q q 0 0 0 rg BT 507.54 88.50 Td (most ) Tj ET Q q 0 0 0 rg BT 528.90 88.50 Td (ef) Tj ET Q q 0 0 0 rg BT 536.48 88.50 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.50 Td (ways ) Tj ET Q q 0 0 0 rg BT 73.42 76.50 Td (to ) Tj ET Q q 0 0 0 rg BT 84.07 76.50 Td (process ) Tj ET Q q 0 0 0 rg BT 116.93 76.50 Td (and ) Tj ET Q q 0 0 0 rg BT 134.24 76.50 Td (sort ) Tj ET Q q 0 0 0 rg BT 152.11 76.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 188.84 76.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 212.81 76.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 237.89 76.50 Td (is ) Tj ET Q q 0 0 0 rg BT 247.43 76.50 Td (through ) Tj ET Q q 0 0 0 rg BT 281.41 76.50 Td (the ) Tj ET Q q 0 0 0 rg BT 296.50 76.50 Td (use ) Tj ET Q q 0 0 0 rg BT 312.70 76.50 Td (of ) Tj ET Q q 0 0 0 rg BT 323.90 76.50 Td (shredding ) Tj ET Q q 0 0 0 rg BT 366.21 76.50 Td (systems. ) Tj ET Q q 0 0 0 rg BT 403.25 76.50 Td (MRB ) Tj ET Q q 0 0 0 rg BT 428.35 76.50 Td (has ) Tj ET Q q 0 0 0 rg BT 444.55 76.50 Td (eight ) Tj ET Q q 0 0 0 rg BT 467.41 76.50 Td (port ) Tj ET Q q 0 0 0 rg BT 486.39 76.50 Td (locations ) Tj ET Q q 0 0 0 rg BT 525.37 76.50 Td (equipped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.50 Td (with ) Tj ET Q q 0 0 0 rg BT 69.08 64.50 Td (lar) Tj ET Q q 0 0 0 rg BT 79.44 64.50 Td (ge ) Tj ET Q q 0 0 0 rg BT 90.18 64.50 Td (scale ) Tj ET Q q 0 0 0 rg BT 111.46 64.50 Td (shredders, ) Tj ET Q q 0 0 0 rg BT 153.58 64.50 Td (seven ) Tj ET Q q 0 0 0 rg BT 177.65 64.50 Td (of ) Tj ET Q q 0 0 0 rg BT 187.28 64.50 Td (which ) Tj ET Q q 0 0 0 rg BT 213.02 64.50 Td (are ) Tj ET Q q 0 0 0 rg BT 226.52 64.50 Td (deep ) Tj ET Q q 0 0 0 rg BT 246.70 64.50 Td (water ) Tj ET Q q 0 0 0 rg BT 270.21 64.50 Td (ports ) Tj ET Q q 0 0 0 rg BT 291.50 64.50 Td (with ) Tj ET Q q 0 0 0 rg BT 310.58 64.50 Td (export ) Tj ET Q q 0 0 0 rg BT 337.43 64.50 Td (capabilities. ) Tj ET Q q 0 0 0 rg BT 386.76 64.50 Td (In ) Tj ET Q q 0 0 0 rg BT 396.39 64.50 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 419.35 64.50 Td (2013, ) Tj ET Q q 0 0 0 rg BT 443.14 64.50 Td (we ) Tj ET Q q 0 0 0 rg BT 456.10 64.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 499.05 64.50 Td (the ) Tj ET Q q 0 0 0 rg BT 512.57 64.50 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.50 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 52.50 Td (a ) Tj ET Q q 0 0 0 rg BT 68.31 52.50 Td (new ) Tj ET Q q 0 0 0 rg BT 87.74 52.50 Td (shredder) Tj ET Q q 0 0 0 rg BT 121.77 52.50 Td (, ) Tj ET Q q 0 0 0 rg BT 127.04 52.50 Td (advanced ) Tj ET Q q 0 0 0 rg BT 167.57 52.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 213.11 52.50 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 260.59 52.50 Td (and ) Tj ET Q q 0 0 0 rg BT 277.80 52.50 Td (related ) Tj ET Q q 0 0 0 rg BT 307.77 52.50 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 364.40 52.50 Td (for ) Tj ET Q q 0 0 0 rg BT 378.84 52.50 Td (our ) Tj ET Q q 0 0 0 rg BT 394.94 52.50 Td (dock ) Tj ET Q q 0 0 0 rg BT 417.15 52.50 Td (facility ) Tj ET Q q 0 0 0 rg BT 448.24 52.50 Td (in ) Tj ET Q q 0 0 0 rg BT 458.79 52.50 Td (Surrey) Tj ET Q q 0 0 0 rg BT 484.80 52.50 Td (, ) Tj ET Q q 0 0 0 rg BT 490.07 52.50 Td (British ) Tj ET Q q 0 0 0 rg BT 520.07 52.50 Td (Columbia, ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (3) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.57 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 94.25 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 130.81 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.71 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 164.50 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 179.13 742.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 188.60 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 208.51 742.10 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 270.05 742.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 300.50 742.10 Td (began ) Tj ET Q q 0 0 0 rg BT 326.51 742.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 368.08 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 411.87 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.77 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.12 742.10 Td (third ) Tj ET Q q 0 0 0 rg BT 457.14 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 487.58 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.04 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 521.83 742.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 546.46 742.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 730.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 79.05 730.10 Td (port ) Tj ET Q q 0 0 0 rg BT 97.74 730.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 134.75 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.10 730.10 Td (Everett, ) Tj ET Q q 0 0 0 rg BT 179.05 730.10 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 242.18 730.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 281.14 730.10 Td (Oregon; ) Tj ET Q q 0 0 0 rg BT 316.49 730.10 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 355.44 730.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 401.34 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.17 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 423.58 730.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 454.57 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.21 730.10 Td (ashington ) Tj ET Q q 0 0 0 rg BT 504.67 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 525.56 730.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 557.57 730.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (mega-shredder ) Tj ET Q q 0 0 0 rg BT 111.22 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.80 718.10 Td (7,000 ) Tj ET Q q 0 0 0 rg BT 155.10 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.68 718.10 Td (9,000 ) Tj ET Q q 0 0 0 rg BT 188.98 718.10 Td (horsepower) Tj ET Q q 0 0 0 rg BT 235.08 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 239.38 718.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 256.73 718.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 292.96 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 302.54 718.10 Td (Johnston, ) Tj ET Q q 0 0 0 rg BT 342.41 718.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 370.32 718.10 Td (Island; ) Tj ET Q q 0 0 0 rg BT 399.34 718.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 425.35 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 429.65 718.10 Td (British ) Tj ET Q q 0 0 0 rg BT 458.68 718.10 Td (Columbia; ) Tj ET Q q 0 0 0 rg BT 502.70 718.10 Td (Salinas, ) Tj ET Q q 0 0 0 rg BT 535.89 718.10 Td (Puerto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Rico; ) Tj ET Q q 0 0 0 rg BT 75.25 706.10 Td (Kapolei, ) Tj ET Q q 0 0 0 rg BT 113.00 706.10 Td (Hawaii; ) Tj ET Q q 0 0 0 rg BT 148.24 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.27 706.10 Td (Concord, ) Tj ET Q q 0 0 0 rg BT 206.80 706.10 Td (New ) Tj ET Q q 0 0 0 rg BT 229.27 706.10 Td (Hampshire ) Tj ET Q q 0 0 0 rg BT 276.73 706.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 309.75 706.10 Td (shredders ) Tj ET Q q 0 0 0 rg BT 351.66 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.02 706.10 Td (1,500 ) Tj ET Q q 0 0 0 rg BT 399.11 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.48 706.10 Td (6,000 ) Tj ET Q q 0 0 0 rg BT 436.57 706.10 Td (horsepower) Tj ET Q q 0 0 0 rg BT 482.67 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.75 706.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 507.90 706.10 Td (shredders ) Tj ET Q q 0 0 0 rg BT 549.80 706.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 88.57 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.37 694.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 132.94 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.40 694.10 Td (denser ) Tj ET Q q 0 0 0 rg BT 169.52 694.10 Td (product ) Tj ET Q q 0 0 0 rg BT 203.08 694.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 223.04 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.84 694.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 284.08 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.88 694.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 345.65 694.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 389.77 694.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 437.50 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.96 694.10 Td (more ) Tj ET Q q 0 0 0 rg BT 468.53 694.10 Td (refined ) Tj ET Q q 0 0 0 rg BT 499.87 694.10 Td (form ) Tj ET Q q 0 0 0 rg BT 522.33 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.68 694.10 Td (ferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.90 682.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 98.90 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 126.14 682.10 Td (can ) Tj ET Q q 0 0 0 rg BT 142.81 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.05 682.10 Td (more ) Tj ET Q q 0 0 0 rg BT 178.39 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 185.98 682.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 222.10 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 243.22 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.02 682.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 277.14 682.10 Td (mills. ) Tj ET Q q 0 0 0 rg BT 302.24 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.59 682.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 362.82 682.10 Td (process ) Tj ET Q q 0 0 0 rg BT 395.61 682.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 428.94 682.10 Td (autobodies, ) Tj ET Q q 0 0 0 rg BT 477.57 682.10 Td (home ) Tj ET Q q 0 0 0 rg BT 502.58 682.10 Td (appliances ) Tj ET Q q 0 0 0 rg BT 547.58 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.97 670.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 96.49 670.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 121.12 670.10 Td (into ) Tj ET Q q 0 0 0 rg BT 139.10 670.10 Td (fist-size ) Tj ET Q q 0 0 0 rg BT 173.17 670.10 Td (pieces ) Tj ET Q q 0 0 0 rg BT 200.58 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.33 670.10 Td (shredded ) Tj ET Q q 0 0 0 rg BT 249.85 670.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 286.13 670.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 309.65 670.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 336.61 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 354.58 670.10 Td (shredded ) Tj ET Q q 0 0 0 rg BT 393.10 670.10 Td (material ) Tj ET Q q 0 0 0 rg BT 428.28 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.37 670.10 Td (then ) Tj ET Q q 0 0 0 rg BT 457.01 670.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 487.18 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 499.60 670.10 Td (conveyor ) Tj ET Q q 0 0 0 rg BT 539.23 670.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (magnetized ) Tj ET Q q 0 0 0 rg BT 98.64 658.10 Td (drums ) Tj ET Q q 0 0 0 rg BT 126.20 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 143.75 658.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 171.29 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.06 658.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 216.93 658.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 240.59 658.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 265.35 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.35 658.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 317.66 658.10 Td (it ) Tj ET Q q 0 0 0 rg BT 325.77 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 347.76 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.53 658.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 408.41 658.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 432.06 658.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 456.83 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.82 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 496.93 658.10 Td (residue ) Tj ET Q q 0 0 0 rg BT 528.36 658.10 Td (found ) Tj ET Q q 0 0 0 rg BT 554.24 658.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.28 646.10 Td (shredded ) Tj ET Q q 0 0 0 rg BT 102.44 646.10 Td (material, ) Tj ET Q q 0 0 0 rg BT 139.77 646.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 176.83 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.67 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.17 646.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 235.23 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.74 646.10 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 302.68 646.10 Td (shredded ) Tj ET Q q 0 0 0 rg BT 340.84 646.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 371.23 646.10 Td (product. ) Tj ET Q q 0 0 0 rg BT 406.19 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 423.80 646.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 469.19 646.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 492.35 646.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 516.63 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.13 646.10 Td (residue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (then ) Tj ET Q q 0 0 0 rg BT 69.94 634.10 Td (pass ) Tj ET Q q 0 0 0 rg BT 89.89 634.10 Td (through ) Tj ET Q q 0 0 0 rg BT 123.73 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.89 634.10 Td (series ) Tj ET Q q 0 0 0 rg BT 156.39 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.45 634.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 210.16 634.10 Td (mechanical ) Tj ET Q q 0 0 0 rg BT 258.42 634.10 Td (sorting ) Tj ET Q q 0 0 0 rg BT 288.92 634.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 323.32 634.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 361.59 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.10 634.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 407.58 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.52 634.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 468.57 634.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 493.51 634.10 Td (from ) Tj ET Q q 0 0 0 rg BT 515.68 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.62 634.10 Td (residue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 622.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 111.11 622.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 156.94 622.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 181.67 622.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.85 622.10 Td (then ) Tj ET Q q 0 0 0 rg BT 210.58 622.10 Td (hand-sorted ) Tj ET Q q 0 0 0 rg BT 260.29 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.24 622.10 Td (graded ) Tj ET Q q 0 0 0 rg BT 306.96 622.10 Td (before ) Tj ET Q q 0 0 0 rg BT 335.01 622.10 Td (being ) Tj ET Q q 0 0 0 rg BT 359.74 622.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 381.42 622.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 406.16 622.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 447.00 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.29 622.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 483.69 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.98 622.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 539.81 622.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 92.11 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.68 610.10 Td (separation ) Tj ET Q q 0 0 0 rg BT 151.91 610.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 204.59 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.50 610.10 Td (order ) Tj ET Q q 0 0 0 rg BT 237.73 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.64 610.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 289.20 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.55 610.10 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 361.21 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.67 610.10 Td (valuable ) Tj ET Q q 0 0 0 rg BT 407.68 610.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 453.13 610.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 479.98 610.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 504.34 610.10 Td (also ) Tj ET Q q 0 0 0 rg BT 522.58 610.10 Td (purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 95.82 598.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 120.53 598.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 153.57 598.10 Td (from ) Tj ET Q q 0 0 0 rg BT 175.51 598.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 215.79 598.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 249.95 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.88 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 289.93 598.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 328.54 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.48 598.10 Td (prepares ) Tj ET Q q 0 0 0 rg BT 381.85 598.10 Td (this ) Tj ET Q q 0 0 0 rg BT 398.79 598.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 423.51 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.67 598.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 476.83 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.11 598.10 Td (customers.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 575.7669921875 m 85.7373046875 575.7669921875 l s q 0 0 0 rg BT 50.00 577.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 577.10 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.33 562.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 94.21 562.10 Td (both ) Tj ET Q q 0 0 0 rg BT 114.09 562.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 144.51 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.04 562.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 206.46 562.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 229.66 562.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 256.47 562.10 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 289.13 562.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 312.32 562.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 336.64 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 345.41 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 351.94 562.10 Td (key ) Tj ET Q q 0 0 0 rg BT 368.48 562.10 Td (feedstock ) Tj ET Q q 0 0 0 rg BT 408.90 562.10 Td (used ) Tj ET Q q 0 0 0 rg BT 429.33 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.20 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.52 562.10 Td (production ) Tj ET Q q 0 0 0 rg BT 498.95 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.38 562.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 543.69 562.10 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (products ) Tj ET Q q 0 0 0 rg BT 85.78 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.55 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.56 550.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 148.11 550.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 195.53 550.10 Td (into ) Tj ET Q q 0 0 0 rg BT 212.42 550.10 Td (heavy ) Tj ET Q q 0 0 0 rg BT 237.64 550.10 Td (melting ) Tj ET Q q 0 0 0 rg BT 269.53 550.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 289.19 550.10 Td (\(HMS\), ) Tj ET Q q 0 0 0 rg BT 330.24 550.10 Td (plate ) Tj ET Q q 0 0 0 rg BT 351.01 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.79 550.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 405.89 550.10 Td (\(bonus\) ) Tj ET Q q 0 0 0 rg BT 446.66 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.43 550.10 Td (shredded ) Tj ET Q q 0 0 0 rg BT 499.87 550.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 522.30 550.10 Td (\(shred\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (although ) Tj ET Q q 0 0 0 rg BT 87.38 538.10 Td (there ) Tj ET Q q 0 0 0 rg BT 109.74 538.10 Td (are ) Tj ET Q q 0 0 0 rg BT 124.33 538.10 Td (various ) Tj ET Q q 0 0 0 rg BT 156.15 538.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 184.63 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.35 538.10 Td (each ) Tj ET Q q 0 0 0 rg BT 216.04 538.10 Td (category ) Tj ET Q q 0 0 0 rg BT 252.85 538.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 296.89 538.10 Td (on ) Tj ET Q q 0 0 0 rg BT 309.27 538.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 333.86 538.10 Td (content ) Tj ET Q q 0 0 0 rg BT 365.68 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.50 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.10 538.10 Td (size ) Tj ET Q q 0 0 0 rg BT 415.02 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.84 538.10 Td (consistency ) Tj ET Q q 0 0 0 rg BT 480.88 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.59 538.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 534.53 538.10 Td (pieces. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (These ) Tj ET Q q 0 0 0 rg BT 77.08 526.10 Td (attributes ) Tj ET Q q 0 0 0 rg BT 117.49 526.10 Td (af) Tj ET Q q 0 0 0 rg BT 125.08 526.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 143.27 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.69 526.10 Td (product) Tj ET Q q 0 0 0 rg BT 192.01 526.10 Td (s ) Tj ET Q q 0 0 0 rg BT 199.11 526.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 232.29 526.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 259.65 526.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 278.40 526.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 324.92 526.10 Td (products ) Tj ET Q q 0 0 0 rg BT 362.56 526.10 Td (include ) Tj ET Q q 0 0 0 rg BT 395.20 526.10 Td (aluminum, ) Tj ET Q q 0 0 0 rg BT 441.45 526.10 Td (copper) Tj ET Q q 0 0 0 rg BT 468.26 526.10 Td (, ) Tj ET Q q 0 0 0 rg BT 473.96 526.10 Td (stainless ) Tj ET Q q 0 0 0 rg BT 511.05 526.10 Td (steel, ) Tj ET Q q 0 0 0 rg BT 535.08 526.10 Td (nickel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (brass, ) Tj ET Q q 0 0 0 rg BT 75.91 514.10 Td (titanium, ) Tj ET Q q 0 0 0 rg BT 114.59 514.10 Td (lead, ) Tj ET Q q 0 0 0 rg BT 136.60 514.10 Td (high ) Tj ET Q q 0 0 0 rg BT 157.24 514.10 Td (temperature ) Tj ET Q q 0 0 0 rg BT 207.84 514.10 Td (alloys ) Tj ET Q q 0 0 0 rg BT 234.58 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.88 514.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 273.07 514.10 Td (products ) Tj ET Q q 0 0 0 rg BT 310.36 514.10 Td (such ) Tj ET Q q 0 0 0 rg BT 331.55 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.73 514.10 Td (zorba ) Tj ET Q q 0 0 0 rg BT 367.80 514.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 411.19 514.10 Td (mixed ) Tj ET Q q 0 0 0 rg BT 439.04 514.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 485.22 514.10 Td (material\) ) Tj ET Q q 0 0 0 rg BT 524.16 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 514.10 Td (zurik ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (\(predominantly ) Tj ET Q q 0 0 0 rg BT 114.15 502.10 Td (stainless ) Tj ET Q q 0 0 0 rg BT 150.54 502.10 Td (steel\).) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 479.7669921875 m 92.783203125 479.7669921875 l s q 0 0 0 rg BT 50.00 481.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.73 466.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 95.01 466.10 Td (its ) Tj ET Q q 0 0 0 rg BT 106.96 466.10 Td (products ) Tj ET Q q 0 0 0 rg BT 143.90 466.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 179.17 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.45 466.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 210.27 466.10 Td (mills, ) Tj ET Q q 0 0 0 rg BT 235.28 466.10 Td (foundries ) Tj ET Q q 0 0 0 rg BT 275.55 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.49 466.10 Td (smelters, ) Tj ET Q q 0 0 0 rg BT 330.81 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.75 466.10 Td (supplies ) Tj ET Q q 0 0 0 rg BT 383.03 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.74 466.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 428.56 466.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 452.16 466.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 476.88 466.10 Td (required ) Tj ET Q q 0 0 0 rg BT 512.69 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 525.19 466.10 Td (SMB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (Presented ) Tj ET Q q 0 0 0 rg BT 90.70 445.10 Td (below ) Tj ET Q q 0 0 0 rg BT 116.97 445.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.00 445.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 155.06 445.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 192.42 445.10 Td (by ) Tj ET Q q 0 0 0 rg BT 204.25 445.10 Td (continent ) Tj ET Q q 0 0 0 rg BT 243.29 445.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 262.05 445.10 Td (separately) Tj ET Q q 0 0 0 rg BT 301.93 445.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.26 445.10 Td (from ) Tj ET Q q 0 0 0 rg BT 327.52 445.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 348.79 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.39 445.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 383.84 445.10 Td (for ) Tj ET Q q 0 0 0 rg BT 397.33 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.37 445.10 Td (last ) Tj ET Q q 0 0 0 rg BT 427.08 445.10 Td (three ) Tj ET Q q 0 0 0 rg BT 448.90 445.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 472.38 445.10 Td (years ) Tj ET Q q 0 0 0 rg BT 495.30 445.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.60 445.10 Td (August31 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (\(dollars ) Tj ET Q q 0 0 0 rg BT 83.05 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.33 433.10 Td (thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 398.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 398.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 398.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 398.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 398.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 398.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 398.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 398.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 398.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 398.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 398.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 398.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 368.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 368.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 368.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 368.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 368.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 368.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 368.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 368.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 338.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 338.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 338.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 338.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 338.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 338.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 338.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 338.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 338.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 308.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 308.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 308.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 308.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 308.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 308.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 308.60 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 308.60 45.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 398.6 m 269.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 398.6 m 318.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 398.6 m 391.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 398.6 m 440.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 398.6 m 513.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 398.6 m 562.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 398.6 m 269.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 398.6 m 318.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 308.6 m 269.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 308.6 m 391.5 308.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 308.6 m 513.5 308.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 293.6 m 269.5 293.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 293.6 m 391.5 293.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 293.6 m 513.5 293.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.50 403.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.05 413.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 277.15 403.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 403.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.05 413.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.15 403.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.50 403.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.05 413.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 403.28 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 389.17 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 388.27 Td (1,049,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 388.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 388.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 388.27 Td (1,161,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 388.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 388.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 388.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 388.27 Td (1,598,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 388.27 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 388.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.17 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 373.27 Td (672,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 373.27 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 373.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 373.27 Td (609,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 373.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 373.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 373.27 Td (728,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 373.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 373.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 53.00 366.10 28.88 -9.09 re f /GS0 gs q 0 0 0 rg BT 53.00 359.17 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 81.88 370.63 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.88 363.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.15 358.27 Td (285,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.30 358.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 358.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.15 358.27 Td (381,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 358.27 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 358.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 358.27 Td (480,723) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 358.27 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 358.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.17 Td (Africa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 343.27 Td (76,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.30 343.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.15 343.27 Td (53,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.30 343.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 343.27 Td (130,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 343.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.17 Td (South America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.15 328.27 Td (18,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.30 328.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 328.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 328.27 Td (4,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.30 328.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 328.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 328.27 Td (10,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 328.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 328.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.17 Td (Sales to SMB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.80 313.27 Td (\(188,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 313.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.95 313.27 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.30 313.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.80 313.32 Td (\(178,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 313.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.95 313.27 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 313.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 313.32 Td (\(183,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.65 313.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 313.27 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 313.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 298.27 Td (Total \(net of intercompany\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 298.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 298.27 Td (1,914,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.30 298.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 298.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 298.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.65 298.27 Td (2,032,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 298.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 298.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 298.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 298.27 Td (2,764,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.30 298.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 298.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 284.50 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 268.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 268.90 Td (Includes ) Tj ET Q q 0 0 0 rg BT 97.10 268.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 114.65 268.90 Td (to ) Tj ET Q q 0 0 0 rg BT 122.88 268.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 157.31 268.90 Td (in ) Tj ET Q q 0 0 0 rg BT 165.39 268.90 Td (T) Tj ET Q q 0 0 0 rg BT 170.00 268.90 Td (urkey) Tj ET Q q 0 0 0 rg BT 187.69 268.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.90 Td (In ) Tj ET Q q 0 0 0 rg BT 60.97 247.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.26 247.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.26 247.90 Td (, ) Tj ET Q q 0 0 0 rg BT 110.40 247.90 Td (the ) Tj ET Q q 0 0 0 rg BT 125.25 247.90 Td (five ) Tj ET Q q 0 0 0 rg BT 143.44 247.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 182.73 247.90 Td (from ) Tj ET Q q 0 0 0 rg BT 204.81 247.90 Td (which ) Tj ET Q q 0 0 0 rg BT 231.89 247.90 Td (MRB ) Tj ET Q q 0 0 0 rg BT 256.76 247.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 289.38 247.90 Td (its ) Tj ET Q q 0 0 0 rg BT 301.47 247.90 Td (lar) Tj ET Q q 0 0 0 rg BT 311.83 247.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 330.58 247.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 368.75 247.90 Td (from ) Tj ET Q q 0 0 0 rg BT 390.83 247.90 Td (external ) Tj ET Q q 0 0 0 rg BT 425.67 247.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 468.86 247.90 Td (were ) Tj ET Q q 0 0 0 rg BT 490.92 247.90 Td (the ) Tj ET Q q 0 0 0 rg BT 505.78 247.90 Td (United ) Tj ET Q q 0 0 0 rg BT 535.63 247.90 Td (States, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.90 Td (China, ) Tj ET Q q 0 0 0 rg BT 79.01 235.90 Td (South ) Tj ET Q q 0 0 0 rg BT 104.97 235.90 Td (Korea, ) Tj ET Q q 0 0 0 rg BT 134.32 235.90 Td (T) Tj ET Q q 0 0 0 rg BT 140.08 235.90 Td (urkey ) Tj ET Q q 0 0 0 rg BT 165.47 235.90 Td (and ) Tj ET Q q 0 0 0 rg BT 182.53 235.90 Td (Malaysia, ) Tj ET Q q 0 0 0 rg BT 224.30 235.90 Td (which ) Tj ET Q q 0 0 0 rg BT 251.36 235.90 Td (collectively ) Tj ET Q q 0 0 0 rg BT 300.63 235.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 343.78 235.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.06 235.90 Td (79%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.39 235.90 Td ( ) Tj ET Q q 0 0 0 rg BT 379.01 235.90 Td (of ) Tj ET Q q 0 0 0 rg BT 389.96 235.90 Td (total ) Tj ET Q q 0 0 0 rg BT 410.35 235.90 Td (MRB ) Tj ET Q q 0 0 0 rg BT 435.20 235.90 Td (external ) Tj ET Q q 0 0 0 rg BT 470.02 235.90 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 506.79 235.90 Td (In ) Tj ET Q q 0 0 0 rg BT 517.74 235.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 235.90 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 235.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.81 223.90 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.81 223.90 Td (, ) Tj ET Q q 0 0 0 rg BT 91.69 223.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.28 223.90 Td (five ) Tj ET Q q 0 0 0 rg BT 124.20 223.90 Td (countries ) Tj ET Q q 0 0 0 rg BT 163.23 223.90 Td (from ) Tj ET Q q 0 0 0 rg BT 185.04 223.90 Td (which ) Tj ET Q q 0 0 0 rg BT 211.86 223.90 Td (MRB ) Tj ET Q q 0 0 0 rg BT 236.46 223.90 Td (derived ) Tj ET Q q 0 0 0 rg BT 268.82 223.90 Td (its ) Tj ET Q q 0 0 0 rg BT 280.64 223.90 Td (lar) Tj ET Q q 0 0 0 rg BT 291.01 223.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 309.49 223.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 347.41 223.90 Td (from ) Tj ET Q q 0 0 0 rg BT 369.22 223.90 Td (external ) Tj ET Q q 0 0 0 rg BT 403.79 223.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 446.72 223.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 489.62 223.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.66 223.90 Td (84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.99 223.90 Td ( ) Tj ET Q q 0 0 0 rg BT 524.36 223.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.18 223.90 Td (81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 223.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 211.90 Td (, ) Tj ET Q q 0 0 0 rg BT 102.66 211.90 Td (of ) Tj ET Q q 0 0 0 rg BT 113.49 211.90 Td (total ) Tj ET Q q 0 0 0 rg BT 133.76 211.90 Td (MRB ) Tj ET Q q 0 0 0 rg BT 158.50 211.90 Td (external ) Tj ET Q q 0 0 0 rg BT 193.20 211.90 Td (revenue. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.90 Td (MRB) Tj ET Q q 0 0 0 rg BT 75.01 190.90 Td (s ) Tj ET Q q 0 0 0 rg BT 80.92 190.90 Td (five ) Tj ET Q q 0 0 0 rg BT 98.48 190.90 Td (lar) Tj ET Q q 0 0 0 rg BT 108.85 190.90 Td (gest ) Tj ET Q q 0 0 0 rg BT 126.97 190.90 Td (external ) Tj ET Q q 0 0 0 rg BT 161.19 190.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 191.52 190.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 214.64 190.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 238.87 190.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 281.43 190.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 323.98 190.90 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 190.90 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.98 190.90 Td ( ) Tj ET Q q 0 0 0 rg BT 358.00 190.90 Td (of ) Tj ET Q q 0 0 0 rg BT 368.34 190.90 Td (external ) Tj ET Q q 0 0 0 rg BT 402.56 190.90 Td (recycled ) Tj ET Q q 0 0 0 rg BT 438.44 190.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 468.77 190.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 493.00 190.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 530.55 190.90 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 190.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 178.90 Td (, ) Tj ET Q q 0 0 0 rg BT 75.06 178.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 117.04 178.90 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.38 178.90 Td (41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.71 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 148.27 178.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.27 178.90 Td (38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.60 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 186.16 178.90 Td (in ) Tj ET Q q 0 0 0 rg BT 196.50 178.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.71 178.90 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.71 178.90 Td ( ) Tj ET Q q 0 0 0 rg BT 243.27 178.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.27 178.90 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.27 178.90 Td (, ) Tj ET Q q 0 0 0 rg BT 285.33 178.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 332.99 178.90 Td (. ) Tj ET Q q 0 0 0 rg BT 338.05 178.90 Td (Customer ) Tj ET Q q 0 0 0 rg BT 379.50 178.90 Td (purchase ) Tj ET Q q 0 0 0 rg BT 417.60 178.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 454.05 178.90 Td (of ) Tj ET Q q 0 0 0 rg BT 464.94 178.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 495.82 178.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 519.47 178.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 544.25 178.90 Td (vary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.90 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 166.90 Td (year ) Tj ET Q q 0 0 0 rg BT 91.65 166.90 Td (to ) Tj ET Q q 0 0 0 rg BT 101.94 166.90 Td (year ) Tj ET Q q 0 0 0 rg BT 121.65 166.90 Td (due ) Tj ET Q q 0 0 0 rg BT 138.59 166.90 Td (to ) Tj ET Q q 0 0 0 rg BT 148.87 166.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.59 166.90 Td (level ) Tj ET Q q 0 0 0 rg BT 185.53 166.90 Td (of ) Tj ET Q q 0 0 0 rg BT 196.36 166.90 Td (demand, ) Tj ET Q q 0 0 0 rg BT 233.02 166.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 280.51 166.90 Td (of ) Tj ET Q q 0 0 0 rg BT 291.35 166.90 Td (supply) Tj ET Q q 0 0 0 rg BT 317.37 166.90 Td (, ) Tj ET Q q 0 0 0 rg BT 322.37 166.90 Td (economic ) Tj ET Q q 0 0 0 rg BT 363.75 166.90 Td (growth, ) Tj ET Q q 0 0 0 rg BT 397.08 166.90 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 453.45 166.90 Td (spending, ) Tj ET Q q 0 0 0 rg BT 494.56 166.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 527.04 166.90 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.90 Td (values, ) Tj ET Q q 0 0 0 rg BT 80.28 154.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 127.50 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 138.06 154.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 163.06 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 179.73 154.90 Td (other ) Tj ET Q q 0 0 0 rg BT 202.51 154.90 Td (factors. ) Tj ET Q q 0 0 0 rg BT 234.46 154.90 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 267.24 154.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 291.69 154.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 313.36 154.90 Td (are ) Tj ET Q q 0 0 0 rg BT 327.80 154.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 367.25 154.90 Td (denominated ) Tj ET Q q 0 0 0 rg BT 421.13 154.90 Td (in ) Tj ET Q q 0 0 0 rg BT 431.14 154.90 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 451.16 154.90 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 483.11 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 499.78 154.90 Td (nearly ) Tj ET Q q 0 0 0 rg BT 527.00 154.90 Td (all ) Tj ET Q q 0 0 0 rg BT 539.23 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 154.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.90 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 142.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 72.30 142.90 Td (shipments ) Tj ET Q q 0 0 0 rg BT 115.36 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 126.19 142.90 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 157.01 142.90 Td (scrap ) Tj ET Q q 0 0 0 rg BT 180.61 142.90 Td (metal ) Tj ET Q q 0 0 0 rg BT 205.32 142.90 Td (to ) Tj ET Q q 0 0 0 rg BT 215.60 142.90 Td (foreign ) Tj ET Q q 0 0 0 rg BT 246.98 142.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 290.02 142.90 Td (are ) Tj ET Q q 0 0 0 rg BT 304.73 142.90 Td (supported ) Tj ET Q q 0 0 0 rg BT 346.67 142.90 Td (by ) Tj ET Q q 0 0 0 rg BT 359.17 142.90 Td (letters ) Tj ET Q q 0 0 0 rg BT 386.10 142.90 Td (of ) Tj ET Q q 0 0 0 rg BT 396.93 142.90 Td (credit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.90 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.73 121.90 Td (had ) Tj ET Q q 0 0 0 rg BT 91.67 121.90 Td (no ) Tj ET Q q 0 0 0 rg BT 104.17 121.90 Td (external ) Tj ET Q q 0 0 0 rg BT 138.87 121.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 181.92 121.90 Td (that ) Tj ET Q q 0 0 0 rg BT 199.41 121.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 242.45 121.90 Td (for ) Tj ET Q q 0 0 0 rg BT 256.61 121.90 Td (10% ) Tj ET Q q 0 0 0 rg BT 277.44 121.90 Td (or ) Tj ET Q q 0 0 0 rg BT 288.27 121.90 Td (more ) Tj ET Q q 0 0 0 rg BT 311.31 121.90 Td (of ) Tj ET Q q 0 0 0 rg BT 322.14 121.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 375.19 121.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 413.22 121.90 Td (in ) Tj ET Q q 0 0 0 rg BT 423.50 121.90 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.66 121.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 472.66 121.90 Td (2013 ) Tj ET Q q 0 0 0 rg BT 495.16 121.90 Td (and ) Tj ET Q q 0 0 0 rg BT 512.09 121.90 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.09 121.90 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (4) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 90.53 742.10 Td (below ) Tj ET Q q 0 0 0 rg BT 117.74 742.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 135.52 742.10 Td (forth, ) Tj ET Q q 0 0 0 rg BT 160.23 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.01 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.22 742.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 214.64 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.85 742.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 264.62 742.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 289.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.89 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 337.66 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.77 742.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 385.40 742.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 416.50 742.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 440.37 742.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 465.36 742.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 484.80 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 497.58 742.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 522.58 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.14 742.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 730.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 105.54 730.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 151.09 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 191.36 730.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 213.30 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.58 730.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 249.70 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 278.31 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.03 730.10 Td (last ) Tj ET Q q 0 0 0 rg BT 309.41 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 331.90 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 356.05 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 379.65 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 405.48 730.10 Td (August31:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 690.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 690.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 690.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 690.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 690.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 660.60 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 660.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 660.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 660.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 660.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 705.6 m 230.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 705.6 m 364.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 705.6 m 498.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 705.6 m 230.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 690.6 m 230.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 705.6 m 234.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 705.6 m 294.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 690.6 m 294.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 705.6 m 364.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 690.6 m 364.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 705.6 m 368.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 705.6 m 428.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 690.6 m 428.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 705.6 m 498.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 690.6 m 498.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 705.6 m 502.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 705.6 m 562.5 705.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.6 m 562.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 690.6 m 294.5 690.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 660.6 m 230.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 660.6 m 294.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 660.6 m 364.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 660.6 m 428.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 660.6 m 498.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 660.6 m 562.5 660.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 645.6 m 230.5 645.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 645.6 m 294.5 645.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 645.6 m 364.5 645.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 645.6 m 428.5 645.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 645.6 m 498.5 645.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 645.6 m 562.5 645.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 709.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 710.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 710.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 710.28 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 694.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.90 695.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 216.45 699.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.00 695.28 Td (V) Tj ET Q q 0 0 0 rg BT 250.30 695.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 276.41 699.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.90 695.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 350.45 699.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.00 695.28 Td (V) Tj ET Q q 0 0 0 rg BT 384.30 695.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 410.41 699.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.90 695.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 484.45 699.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 695.28 Td (V) Tj ET Q q 0 0 0 rg BT 518.30 695.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 544.41 699.81 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.60 680.27 Td (1,088,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 680.27 Td (2,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 680.27 Td (1,255,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 680.27 Td (3,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 680.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 680.27 Td (1,799,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 680.27 Td (3,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 665.27 Td (492,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 665.27 Td (1,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 665.27 Td (421,399) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 665.27 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 665.27 Td (497,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 665.27 Td (1,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.60 650.27 Td (1,581,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 650.27 Td (4,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 650.27 Td (1,677,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 650.27 Td (4,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 650.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 650.27 Td (2,297,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 650.27 Td (5,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 636.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 620.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 620.90 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 620.90 Td (stated ) Tj ET Q q 0 0 0 rg BT 121.76 620.90 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 620.90 Td (thousands ) Tj ET Q q 0 0 0 rg BT 163.98 620.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 620.90 Td (dollars.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 608.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 608.30 Td (V) Tj ET Q q 0 0 0 rg BT 72.75 608.30 Td (olume ) Tj ET Q q 0 0 0 rg BT 94.74 608.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 115.40 608.30 Td (in ) Tj ET Q q 0 0 0 rg BT 123.63 608.30 Td (thousands ) Tj ET Q q 0 0 0 rg BT 157.63 608.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.29 608.30 Td (long ) Tj ET Q q 0 0 0 rg BT 182.51 608.30 Td (tons ) Tj ET Q q 0 0 0 rg BT 197.85 608.30 Td (\(one ) Tj ET Q q 0 0 0 rg BT 214.06 608.30 Td (long ) Tj ET Q q 0 0 0 rg BT 230.29 608.30 Td (ton ) Tj ET Q q 0 0 0 rg BT 242.51 608.30 Td (= ) Tj ET Q q 0 0 0 rg BT 249.02 608.30 Td (2,240 ) Tj ET Q q 0 0 0 rg BT 269.02 608.30 Td (pounds\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.30 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.21 587.30 Td (sells ) Tj ET Q q 0 0 0 rg BT 93.96 587.30 Td (processed ) Tj ET Q q 0 0 0 rg BT 135.37 587.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 180.67 587.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 203.74 587.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 227.93 587.30 Td (to ) Tj ET Q q 0 0 0 rg BT 237.68 587.30 Td (specialty ) Tj ET Q q 0 0 0 rg BT 275.20 587.30 Td (steelmakers, ) Tj ET Q q 0 0 0 rg BT 326.88 587.30 Td (foundries, ) Tj ET Q q 0 0 0 rg BT 369.13 587.30 Td (aluminum ) Tj ET Q q 0 0 0 rg BT 411.65 587.30 Td (sheet ) Tj ET Q q 0 0 0 rg BT 434.18 587.30 Td (and ) Tj ET Q q 0 0 0 rg BT 450.59 587.30 Td (ingot ) Tj ET Q q 0 0 0 rg BT 473.13 587.30 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 534.79 587.30 Td (copper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.30 Td (refineries ) Tj ET Q q 0 0 0 rg BT 90.10 575.30 Td (and ) Tj ET Q q 0 0 0 rg BT 106.89 575.30 Td (smelters, ) Tj ET Q q 0 0 0 rg BT 145.06 575.30 Td (brass ) Tj ET Q q 0 0 0 rg BT 167.96 575.30 Td (and ) Tj ET Q q 0 0 0 rg BT 184.75 575.30 Td (bronze ) Tj ET Q q 0 0 0 rg BT 214.30 575.30 Td (ingot ) Tj ET Q q 0 0 0 rg BT 237.21 575.30 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 296.75 575.30 Td (and ) Tj ET Q q 0 0 0 rg BT 313.53 575.30 Td (wire ) Tj ET Q q 0 0 0 rg BT 333.65 575.30 Td (and ) Tj ET Q q 0 0 0 rg BT 350.43 575.30 Td (cable ) Tj ET Q q 0 0 0 rg BT 373.88 575.30 Td (producers ) Tj ET Q q 0 0 0 rg BT 415.65 575.30 Td (globally) Tj ET Q q 0 0 0 rg BT 447.78 575.30 Td (. ) Tj ET Q q 0 0 0 rg BT 452.62 575.30 Td (MRB ) Tj ET Q q 0 0 0 rg BT 477.20 575.30 Td (continues ) Tj ET Q q 0 0 0 rg BT 517.88 575.30 Td (to ) Tj ET Q q 0 0 0 rg BT 528.00 575.30 Td (invest ) Tj ET Q q 0 0 0 rg BT 554.24 575.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.30 Td (advanced ) Tj ET Q q 0 0 0 rg BT 91.15 563.30 Td (separation ) Tj ET Q q 0 0 0 rg BT 135.64 563.30 Td (technologies ) Tj ET Q q 0 0 0 rg BT 189.58 563.30 Td (in ) Tj ET Q q 0 0 0 rg BT 200.75 563.30 Td (order ) Tj ET Q q 0 0 0 rg BT 225.25 563.30 Td (to ) Tj ET Q q 0 0 0 rg BT 236.42 563.30 Td (extract ) Tj ET Q q 0 0 0 rg BT 267.02 563.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 295.96 563.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 342.68 563.30 Td (yields ) Tj ET Q q 0 0 0 rg BT 369.96 563.30 Td (from ) Tj ET Q q 0 0 0 rg BT 392.80 563.30 Td (the ) Tj ET Q q 0 0 0 rg BT 408.41 563.30 Td (shredding ) Tj ET Q q 0 0 0 rg BT 451.24 563.30 Td (process ) Tj ET Q q 0 0 0 rg BT 484.63 563.30 Td (and ) Tj ET Q q 0 0 0 rg BT 502.46 563.30 Td (to ) Tj ET Q q 0 0 0 rg BT 513.64 563.30 Td (enhance ) Tj ET Q q 0 0 0 rg BT 549.79 563.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.30 Td (separation ) Tj ET Q q 0 0 0 rg BT 93.59 551.30 Td (of ) Tj ET Q q 0 0 0 rg BT 104.42 551.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 150.24 551.30 Td (metals ) Tj ET Q q 0 0 0 rg BT 178.85 551.30 Td (in ) Tj ET Q q 0 0 0 rg BT 189.13 551.30 Td (order ) Tj ET Q q 0 0 0 rg BT 212.72 551.30 Td (to ) Tj ET Q q 0 0 0 rg BT 223.00 551.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 258.26 551.30 Td (the ) Tj ET Q q 0 0 0 rg BT 272.97 551.30 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 308.25 551.30 Td (value ) Tj ET Q q 0 0 0 rg BT 332.40 551.30 Td (of ) Tj ET Q q 0 0 0 rg BT 343.23 551.30 Td (the ) Tj ET Q q 0 0 0 rg BT 357.95 551.30 Td (individual ) Tj ET Q q 0 0 0 rg BT 401.00 551.30 Td (metals. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.30 Td (The ) Tj ET Q q 0 0 0 rg BT 67.64 530.30 Td (table ) Tj ET Q q 0 0 0 rg BT 89.17 530.30 Td (below ) Tj ET Q q 0 0 0 rg BT 115.70 530.30 Td (sets ) Tj ET Q q 0 0 0 rg BT 132.79 530.30 Td (forth, ) Tj ET Q q 0 0 0 rg BT 156.82 530.30 Td (on ) Tj ET Q q 0 0 0 rg BT 168.91 530.30 Td (a ) Tj ET Q q 0 0 0 rg BT 175.44 530.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 209.18 530.30 Td (and ) Tj ET Q q 0 0 0 rg BT 225.71 530.30 Td (volume ) Tj ET Q q 0 0 0 rg BT 257.80 530.30 Td (basis, ) Tj ET Q q 0 0 0 rg BT 282.39 530.30 Td (the ) Tj ET Q q 0 0 0 rg BT 296.70 530.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.79 530.30 Td (of ) Tj ET Q q 0 0 0 rg BT 339.21 530.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 375.16 530.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 420.58 530.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 443.77 530.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 468.07 530.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 486.83 530.30 Td (by ) Tj ET Q q 0 0 0 rg BT 498.93 530.30 Td (MRB ) Tj ET Q q 0 0 0 rg BT 523.25 530.30 Td (to ) Tj ET Q q 0 0 0 rg BT 533.12 530.30 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.30 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 518.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 105.54 518.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 148.59 518.30 Td (during ) Tj ET Q q 0 0 0 rg BT 177.20 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 191.91 518.30 Td (last ) Tj ET Q q 0 0 0 rg BT 208.30 518.30 Td (three ) Tj ET Q q 0 0 0 rg BT 230.79 518.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 254.94 518.30 Td (years ) Tj ET Q q 0 0 0 rg BT 278.54 518.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 304.37 518.30 Td (August31:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.80 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 478.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 478.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 478.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 478.80 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 478.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 478.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 478.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 478.80 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 478.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 478.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 478.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.80 120.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 448.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 448.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 448.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 448.80 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 448.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 448.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 368.50 448.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 448.80 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 448.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 448.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 448.80 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 493.8 m 230.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 493.8 m 364.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 493.8 m 498.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 493.8 m 230.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 478.8 m 230.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 493.8 m 234.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 493.8 m 294.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 478.8 m 294.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 493.8 m 364.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 478.8 m 364.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 493.8 m 368.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 493.8 m 428.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 478.8 m 428.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 493.8 m 498.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 478.8 m 498.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 493.8 m 502.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 493.8 m 562.5 493.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 478.8 m 562.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 478.8 m 230.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 478.8 m 294.5 478.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 448.8 m 364.5 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 448.8 m 428.5 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 448.8 m 498.5 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 448.8 m 562.5 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 448.8 m 230.5 448.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 433.8 m 230.5 433.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 448.8 m 294.5 448.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 433.8 m 294.5 433.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 433.8 m 364.5 433.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 368.5 433.8 m 428.5 433.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 433.8 m 498.5 433.8 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 433.8 m 562.5 433.8 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 498.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 498.48 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 498.48 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 498.48 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 483.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.90 483.48 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 216.45 488.01 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.00 483.48 Td (V) Tj ET Q q 0 0 0 rg BT 250.30 483.48 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 276.41 488.01 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.90 483.48 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 350.45 488.01 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.00 483.48 Td (V) Tj ET Q q 0 0 0 rg BT 384.30 483.48 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 410.41 488.01 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.90 483.48 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 484.45 488.01 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 483.48 Td (V) Tj ET Q q 0 0 0 rg BT 518.30 483.48 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 544.41 488.01 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.37 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 468.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 468.47 Td (342,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 468.47 Td (395,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 468.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 468.47 Td (345,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 468.47 Td (369,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 468.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 468.47 Td (420,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 468.47 Td (451,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.37 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 453.47 Td (152,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 453.47 Td (158,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 453.47 Td (155,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 453.47 Td (150,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 453.47 Td (194,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 453.47 Td (177,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 439.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 438.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 438.47 Td (494,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 438.47 Td (554,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.00 438.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 438.47 Td (501,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 438.47 Td (520,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 438.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 438.47 Td (614,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 438.47 Td (628,652) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 424.70 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 409.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 409.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 121.76 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 409.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 163.98 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 409.10 Td (dollars.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 396.50 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 396.50 Td (V) Tj ET Q q 0 0 0 rg BT 72.75 396.50 Td (olume ) Tj ET Q q 0 0 0 rg BT 94.74 396.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 115.40 396.50 Td (in ) Tj ET Q q 0 0 0 rg BT 123.63 396.50 Td (thousands ) Tj ET Q q 0 0 0 rg BT 157.63 396.50 Td (of ) Tj ET Q q 0 0 0 rg BT 166.29 396.50 Td (pounds.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 374.1669921875 m 79.9951171875 374.1669921875 l s q 0 0 0 rg BT 50.00 375.50 Td (Pricing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.50 Td (Domestic ) Tj ET Q q 0 0 0 rg BT 90.46 360.50 Td (and ) Tj ET Q q 0 0 0 rg BT 107.03 360.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 138.04 360.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 164.05 360.50 Td (for ) Tj ET Q q 0 0 0 rg BT 177.85 360.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 208.30 360.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 231.53 360.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 255.88 360.50 Td (are ) Tj ET Q q 0 0 0 rg BT 270.22 360.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 309.56 360.50 Td (based ) Tj ET Q q 0 0 0 rg BT 334.46 360.50 Td (on ) Tj ET Q q 0 0 0 rg BT 346.59 360.50 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 389.27 360.50 Td (market ) Tj ET Q q 0 0 0 rg BT 419.17 360.50 Td (rates, ) Tj ET Q q 0 0 0 rg BT 442.68 360.50 Td (which ) Tj ET Q q 0 0 0 rg BT 469.25 360.50 Td (dif) Tj ET Q q 0 0 0 rg BT 480.18 360.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 493.41 360.50 Td (by ) Tj ET Q q 0 0 0 rg BT 505.54 360.50 Td (region ) Tj ET Q q 0 0 0 rg BT 533.22 360.50 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 360.50 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.57 348.50 Td (to ) Tj ET Q q 0 0 0 rg BT 90.60 348.50 Td (market ) Tj ET Q q 0 0 0 rg BT 120.61 348.50 Td (cycles ) Tj ET Q q 0 0 0 rg BT 147.85 348.50 Td (that ) Tj ET Q q 0 0 0 rg BT 165.09 348.50 Td (are ) Tj ET Q q 0 0 0 rg BT 179.55 348.50 Td (influenced ) Tj ET Q q 0 0 0 rg BT 224.00 348.50 Td (by ) Tj ET Q q 0 0 0 rg BT 236.25 348.50 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 281.26 348.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 315.17 348.50 Td (from ) Tj ET Q q 0 0 0 rg BT 336.85 348.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 357.43 348.50 Td (and ) Tj ET Q q 0 0 0 rg BT 374.11 348.50 Td (other ) Tj ET Q q 0 0 0 rg BT 396.91 348.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 421.37 348.50 Td (producers ) Tj ET Q q 0 0 0 rg BT 463.05 348.50 Td (and ) Tj ET Q q 0 0 0 rg BT 479.73 348.50 Td (by ) Tj ET Q q 0 0 0 rg BT 491.98 348.50 Td (the ) Tj ET Q q 0 0 0 rg BT 506.45 348.50 Td (availability ) Tj ET Q q 0 0 0 rg BT 553.68 348.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.50 Td (materials ) Tj ET Q q 0 0 0 rg BT 88.56 336.50 Td (that ) Tj ET Q q 0 0 0 rg BT 105.47 336.50 Td (can ) Tj ET Q q 0 0 0 rg BT 121.26 336.50 Td (be ) Tj ET Q q 0 0 0 rg BT 132.61 336.50 Td (processed ) Tj ET Q q 0 0 0 rg BT 173.96 336.50 Td (into ) Tj ET Q q 0 0 0 rg BT 191.42 336.50 Td (saleable ) Tj ET Q q 0 0 0 rg BT 225.54 336.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 248.55 336.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 275.18 336.50 Td (among ) Tj ET Q q 0 0 0 rg BT 304.31 336.50 Td (other ) Tj ET Q q 0 0 0 rg BT 326.77 336.50 Td (factors. ) Tj ET Q q 0 0 0 rg BT 358.39 336.50 Td (Ferrous ) Tj ET Q q 0 0 0 rg BT 390.85 336.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 413.86 336.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 437.99 336.50 Td (export ) Tj ET Q q 0 0 0 rg BT 465.45 336.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 486.80 336.50 Td (contracts ) Tj ET Q q 0 0 0 rg BT 524.81 336.50 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.55 324.50 Td (for ) Tj ET Q q 0 0 0 rg BT 98.21 324.50 Td (shipment ) Tj ET Q q 0 0 0 rg BT 137.87 324.50 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.43 324.50 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.43 324.50 Td ( ) Tj ET Q q 0 0 0 rg BT 179.43 324.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.20 324.50 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.20 324.50 Td ( ) Tj ET Q q 0 0 0 rg BT 203.20 324.50 Td (days ) Tj ET Q q 0 0 0 rg BT 224.53 324.50 Td (after ) Tj ET Q q 0 0 0 rg BT 245.85 324.50 Td (the ) Tj ET Q q 0 0 0 rg BT 261.06 324.50 Td (price ) Tj ET Q q 0 0 0 rg BT 284.05 324.50 Td (is ) Tj ET Q q 0 0 0 rg BT 293.72 324.50 Td (agreed ) Tj ET Q q 0 0 0 rg BT 323.36 324.50 Td (to ) Tj ET Q q 0 0 0 rg BT 334.14 324.50 Td (which, ) Tj ET Q q 0 0 0 rg BT 364.08 324.50 Td (in ) Tj ET Q q 0 0 0 rg BT 374.86 324.50 Td (most ) Tj ET Q q 0 0 0 rg BT 397.31 324.50 Td (cases, ) Tj ET Q q 0 0 0 rg BT 423.90 324.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 460.23 324.50 Td (freight. ) Tj ET Q q 0 0 0 rg BT 492.38 324.50 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 540.92 324.50 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 75.44 312.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 98.11 312.50 Td (contracts ) Tj ET Q q 0 0 0 rg BT 137.43 312.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 177.86 312.50 Td (provide ) Tj ET Q q 0 0 0 rg BT 211.63 312.50 Td (for ) Tj ET Q q 0 0 0 rg BT 226.52 312.50 Td (shipment ) Tj ET Q q 0 0 0 rg BT 266.41 312.50 Td (within ) Tj ET Q q 0 0 0 rg BT 295.20 312.50 Td (30 ) Tj ET Q q 0 0 0 rg BT 308.42 312.50 Td (days ) Tj ET Q q 0 0 0 rg BT 329.98 312.50 Td (after ) Tj ET Q q 0 0 0 rg BT 351.52 312.50 Td (the ) Tj ET Q q 0 0 0 rg BT 366.97 312.50 Td (price ) Tj ET Q q 0 0 0 rg BT 390.18 312.50 Td (is ) Tj ET Q q 0 0 0 rg BT 400.08 312.50 Td (agreed ) Tj ET Q q 0 0 0 rg BT 429.95 312.50 Td (to, ) Tj ET Q q 0 0 0 rg BT 443.46 312.50 Td (which ) Tj ET Q q 0 0 0 rg BT 471.12 312.50 Td (also ) Tj ET Q q 0 0 0 rg BT 490.46 312.50 Td (typically ) Tj ET Q q 0 0 0 rg BT 528.68 312.50 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.50 Td (freight.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.50 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.90 279.50 Td (responds ) Tj ET Q q 0 0 0 rg BT 113.12 279.50 Td (to ) Tj ET Q q 0 0 0 rg BT 123.57 279.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 158.44 279.50 Td (in ) Tj ET Q q 0 0 0 rg BT 168.89 279.50 Td (selling ) Tj ET Q q 0 0 0 rg BT 198.22 279.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 224.77 279.50 Td (by ) Tj ET Q q 0 0 0 rg BT 237.44 279.50 Td (seeking ) Tj ET Q q 0 0 0 rg BT 270.65 279.50 Td (to ) Tj ET Q q 0 0 0 rg BT 281.10 279.50 Td (adjust ) Tj ET Q q 0 0 0 rg BT 307.65 279.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 331.42 279.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 356.30 279.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 394.51 279.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 421.05 279.50 Td (at ) Tj ET Q q 0 0 0 rg BT 430.94 279.50 Td (its ) Tj ET Q q 0 0 0 rg BT 443.05 279.50 Td (recycling ) Tj ET Q q 0 0 0 rg BT 482.92 279.50 Td (facilities ) Tj ET Q q 0 0 0 rg BT 520.02 279.50 Td (in ) Tj ET Q q 0 0 0 rg BT 530.47 279.50 Td (order ) Tj ET Q q 0 0 0 rg BT 554.24 279.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.50 Td (manage ) Tj ET Q q 0 0 0 rg BT 83.73 267.50 Td (the ) Tj ET Q q 0 0 0 rg BT 98.59 267.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 128.44 267.50 Td (on ) Tj ET Q q 0 0 0 rg BT 141.08 267.50 Td (its ) Tj ET Q q 0 0 0 rg BT 153.17 267.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 193.57 267.50 Td (income. ) Tj ET Q q 0 0 0 rg BT 227.95 267.50 Td (The ) Tj ET Q q 0 0 0 rg BT 246.14 267.50 Td (spread ) Tj ET Q q 0 0 0 rg BT 274.88 267.50 Td (between ) Tj ET Q q 0 0 0 rg BT 310.83 267.50 Td (selling ) Tj ET Q q 0 0 0 rg BT 340.13 267.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 366.65 267.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.73 267.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.58 267.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 417.33 267.50 Td (of ) Tj ET Q q 0 0 0 rg BT 428.30 267.50 Td (purchased ) Tj ET Q q 0 0 0 rg BT 471.48 267.50 Td (material ) Tj ET Q q 0 0 0 rg BT 506.87 267.50 Td (is ) Tj ET Q q 0 0 0 rg BT 516.18 267.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 547.15 267.50 Td (to ) Tj ET Q q 0 0 0 rg BT 557.57 267.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.50 Td (number ) Tj ET Q q 0 0 0 rg BT 82.61 255.50 Td (of ) Tj ET Q q 0 0 0 rg BT 93.00 255.50 Td (factors, ) Tj ET Q q 0 0 0 rg BT 124.77 255.50 Td (including ) Tj ET Q q 0 0 0 rg BT 164.60 255.50 Td (dif) Tj ET Q q 0 0 0 rg BT 175.53 255.50 Td (ferences ) Tj ET Q q 0 0 0 rg BT 210.89 255.50 Td (in ) Tj ET Q q 0 0 0 rg BT 220.73 255.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.01 255.50 Td (market ) Tj ET Q q 0 0 0 rg BT 264.83 255.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 308.56 255.50 Td (between ) Tj ET Q q 0 0 0 rg BT 343.94 255.50 Td (the ) Tj ET Q q 0 0 0 rg BT 358.21 255.50 Td (domestic ) Tj ET Q q 0 0 0 rg BT 396.38 255.50 Td (regions ) Tj ET Q q 0 0 0 rg BT 427.88 255.50 Td (where ) Tj ET Q q 0 0 0 rg BT 454.37 255.50 Td (raw ) Tj ET Q q 0 0 0 rg BT 471.42 255.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 494.58 255.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 518.85 255.50 Td (is ) Tj ET Q q 0 0 0 rg BT 527.58 255.50 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.50 Td (and ) Tj ET Q q 0 0 0 rg BT 67.35 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 82.49 243.50 Td (areas ) Tj ET Q q 0 0 0 rg BT 105.94 243.50 Td (in ) Tj ET Q q 0 0 0 rg BT 116.63 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 131.76 243.50 Td (world ) Tj ET Q q 0 0 0 rg BT 158.01 243.50 Td (where ) Tj ET Q q 0 0 0 rg BT 185.35 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 200.48 243.50 Td (processed ) Tj ET Q q 0 0 0 rg BT 242.83 243.50 Td (materials ) Tj ET Q q 0 0 0 rg BT 282.39 243.50 Td (are ) Tj ET Q q 0 0 0 rg BT 297.51 243.50 Td (sold, ) Tj ET Q q 0 0 0 rg BT 319.60 243.50 Td (market ) Tj ET Q q 0 0 0 rg BT 350.28 243.50 Td (volatility ) Tj ET Q q 0 0 0 rg BT 389.30 243.50 Td (from ) Tj ET Q q 0 0 0 rg BT 411.66 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 426.79 243.50 Td (time ) Tj ET Q q 0 0 0 rg BT 447.48 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 462.61 243.50 Td (selling ) Tj ET Q q 0 0 0 rg BT 492.19 243.50 Td (price ) Tj ET Q q 0 0 0 rg BT 515.09 243.50 Td (is ) Tj ET Q q 0 0 0 rg BT 524.67 243.50 Td (agreed ) Tj ET Q q 0 0 0 rg BT 554.23 243.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.50 Td (with ) Tj ET Q q 0 0 0 rg BT 70.10 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 84.64 231.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 123.61 231.50 Td (until ) Tj ET Q q 0 0 0 rg BT 144.27 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 158.81 231.50 Td (time ) Tj ET Q q 0 0 0 rg BT 178.90 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.44 231.50 Td (raw ) Tj ET Q q 0 0 0 rg BT 210.75 231.50 Td (material ) Tj ET Q q 0 0 0 rg BT 245.83 231.50 Td (is ) Tj ET Q q 0 0 0 rg BT 254.82 231.50 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 300.18 231.50 Td (and ) Tj ET Q q 0 0 0 rg BT 316.94 231.50 Td (changes ) Tj ET Q q 0 0 0 rg BT 351.46 231.50 Td (in ) Tj ET Q q 0 0 0 rg BT 361.56 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 376.10 231.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 416.74 231.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 439.06 231.50 Td (of ) Tj ET Q q 0 0 0 rg BT 449.71 231.50 Td (transportation ) Tj ET Q q 0 0 0 rg BT 507.58 231.50 Td (to ) Tj ET Q q 0 0 0 rg BT 517.68 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 532.21 231.50 Td (buyer) Tj ET Q q 0 0 0 rg BT 555.35 231.50 Td () Tj ET Q q 0 0 0 rg BT 558.13 231.50 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.50 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 219.50 Td (. ) Tj ET Q q 0 0 0 rg BT 82.72 219.50 Td (W) Tj ET Q q 0 0 0 rg BT 91.35 219.50 Td (e ) Tj ET Q q 0 0 0 rg BT 98.54 219.50 Td (believe ) Tj ET Q q 0 0 0 rg BT 130.15 219.50 Td (MRB ) Tj ET Q q 0 0 0 rg BT 155.13 219.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 195.07 219.50 Td (benefits ) Tj ET Q q 0 0 0 rg BT 229.47 219.50 Td (from ) Tj ET Q q 0 0 0 rg BT 251.65 219.50 Td (sustained ) Tj ET Q q 0 0 0 rg BT 291.61 219.50 Td (periods ) Tj ET Q q 0 0 0 rg BT 323.79 219.50 Td (of ) Tj ET Q q 0 0 0 rg BT 334.87 219.50 Td (rising ) Tj ET Q q 0 0 0 rg BT 360.39 219.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 396.99 219.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 420.83 219.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 445.79 219.50 Td (selling ) Tj ET Q q 0 0 0 rg BT 475.20 219.50 Td (prices, ) Tj ET Q q 0 0 0 rg BT 504.32 219.50 Td (which ) Tj ET Q q 0 0 0 rg BT 531.50 219.50 Td (allow ) Tj ET Q q 0 0 0 rg BT 556.46 219.50 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.50 Td (to ) Tj ET Q q 0 0 0 rg BT 59.88 207.50 Td (better ) Tj ET Q q 0 0 0 rg BT 84.74 207.50 Td (maintain ) Tj ET Q q 0 0 0 rg BT 121.82 207.50 Td (or ) Tj ET Q q 0 0 0 rg BT 132.25 207.50 Td (expand ) Tj ET Q q 0 0 0 rg BT 163.23 207.50 Td (both ) Tj ET Q q 0 0 0 rg BT 183.10 207.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 222.96 207.50 Td (income ) Tj ET Q q 0 0 0 rg BT 254.49 207.50 Td (and ) Tj ET Q q 0 0 0 rg BT 271.03 207.50 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 322.55 207.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 345.75 207.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 370.06 207.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 390.49 207.50 Td (into ) Tj ET Q q 0 0 0 rg BT 408.14 207.50 Td (its ) Tj ET Q q 0 0 0 rg BT 419.69 207.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 458.71 207.50 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 207.50 Td (suf) Tj ET Q q 0 0 0 rg BT 487.29 207.50 Td (fers ) Tj ET Q q 0 0 0 rg BT 504.38 207.50 Td (when ) Tj ET Q q 0 0 0 rg BT 528.13 207.50 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.60 195.50 Td (metal ) Tj ET Q q 0 0 0 rg BT 98.31 195.50 Td (selling ) Tj ET Q q 0 0 0 rg BT 127.48 195.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 153.85 195.50 Td (decline, ) Tj ET Q q 0 0 0 rg BT 187.72 195.50 Td (which ) Tj ET Q q 0 0 0 rg BT 214.66 195.50 Td (tends ) Tj ET Q q 0 0 0 rg BT 238.27 195.50 Td (to ) Tj ET Q q 0 0 0 rg BT 248.55 195.50 Td (compress ) Tj ET Q q 0 0 0 rg BT 288.82 195.50 Td (its ) Tj ET Q q 0 0 0 rg BT 300.77 195.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 341.03 195.50 Td (mar) Tj ET Q q 0 0 0 rg BT 356.40 195.50 Td (gins.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 173.1669921875 m 82.7685546875 173.1669921875 l s q 0 0 0 rg BT 50.00 174.50 Td (Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.50 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 159.50 Td (orldwide ) Tj ET Q q 0 0 0 rg BT 96.78 159.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 131.02 159.50 Td (for ) Tj ET Q q 0 0 0 rg BT 145.28 159.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 180.08 159.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 201.00 159.50 Td (products, ) Tj ET Q q 0 0 0 rg BT 240.53 159.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 268.67 159.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.47 159.50 Td (by ) Tj ET Q q 0 0 0 rg BT 321.07 159.50 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 377.52 159.50 Td (spending ) Tj ET Q q 0 0 0 rg BT 416.22 159.50 Td (and ) Tj ET Q q 0 0 0 rg BT 433.25 159.50 Td (industrialization, ) Tj ET Q q 0 0 0 rg BT 503.33 159.50 Td (drives ) Tj ET Q q 0 0 0 rg BT 530.36 159.50 Td (demand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.50 Td (for ) Tj ET Q q 0 0 0 rg BT 63.95 147.50 Td (raw ) Tj ET Q q 0 0 0 rg BT 81.23 147.50 Td (materials, ) Tj ET Q q 0 0 0 rg BT 122.67 147.50 Td (in ) Tj ET Q q 0 0 0 rg BT 132.74 147.50 Td (particular ) Tj ET Q q 0 0 0 rg BT 173.34 147.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 209.49 147.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 240.10 147.50 Td (metal, ) Tj ET Q q 0 0 0 rg BT 267.10 147.50 Td (which ) Tj ET Q q 0 0 0 rg BT 293.83 147.50 Td (is ) Tj ET Q q 0 0 0 rg BT 302.79 147.50 Td (one ) Tj ET Q q 0 0 0 rg BT 319.52 147.50 Td (of ) Tj ET Q q 0 0 0 rg BT 330.14 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 344.65 147.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 378.59 147.50 Td (feedstocks ) Tj ET Q q 0 0 0 rg BT 423.09 147.50 Td (used ) Tj ET Q q 0 0 0 rg BT 443.71 147.50 Td (in ) Tj ET Q q 0 0 0 rg BT 453.78 147.50 Td (EAFs ) Tj ET Q q 0 0 0 rg BT 478.85 147.50 Td (to ) Tj ET Q q 0 0 0 rg BT 488.92 147.50 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 541.18 147.50 Td (steel. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.50 Td (Demand ) Tj ET Q q 0 0 0 rg BT 87.02 135.50 Td (for ) Tj ET Q q 0 0 0 rg BT 101.83 135.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 137.19 135.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 158.67 135.50 Td (has ) Tj ET Q q 0 0 0 rg BT 175.14 135.50 Td (been ) Tj ET Q q 0 0 0 rg BT 197.17 135.50 Td (more ) Tj ET Q q 0 0 0 rg BT 220.86 135.50 Td (pronounced ) Tj ET Q q 0 0 0 rg BT 271.22 135.50 Td (in ) Tj ET Q q 0 0 0 rg BT 281.45 135.50 Td (Asia ) Tj ET Q q 0 0 0 rg BT 302.92 135.50 Td (and ) Tj ET Q q 0 0 0 rg BT 320.51 135.50 Td (the ) Tj ET Q q 0 0 0 rg BT 335.87 135.50 Td (Mediterranean ) Tj ET Q q 0 0 0 rg BT 397.32 135.50 Td (region, ) Tj ET Q q 0 0 0 rg BT 428.51 135.50 Td (which ) Tj ET Q q 0 0 0 rg BT 456.10 135.50 Td (currently ) Tj ET Q q 0 0 0 rg BT 495.34 135.50 Td (do ) Tj ET Q q 0 0 0 rg BT 508.49 135.50 Td (not ) Tj ET Q q 0 0 0 rg BT 524.41 135.50 Td (possess ) Tj ET Q q 0 0 0 rg BT 557.56 135.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.50 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 123.50 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.62 123.50 Td (supply ) Tj ET Q q 0 0 0 rg BT 120.33 123.50 Td (of ) Tj ET Q q 0 0 0 rg BT 131.69 123.50 Td (raw ) Tj ET Q q 0 0 0 rg BT 149.72 123.50 Td (materials ) Tj ET Q q 0 0 0 rg BT 189.41 123.50 Td (to ) Tj ET Q q 0 0 0 rg BT 200.22 123.50 Td (meet ) Tj ET Q q 0 0 0 rg BT 222.70 123.50 Td (production ) Tj ET Q q 0 0 0 rg BT 269.06 123.50 Td (needs. ) Tj ET Q q 0 0 0 rg BT 296.69 123.50 Td (As ) Tj ET Q q 0 0 0 rg BT 310.84 123.50 Td (a ) Tj ET Q q 0 0 0 rg BT 318.32 123.50 Td (result ) Tj ET Q q 0 0 0 rg BT 343.57 123.50 Td (of ) Tj ET Q q 0 0 0 rg BT 354.94 123.50 Td (this ) Tj ET Q q 0 0 0 rg BT 372.43 123.50 Td (demand, ) Tj ET Q q 0 0 0 rg BT 409.62 123.50 Td (MRB) Tj ET Q q 0 0 0 rg BT 434.63 123.50 Td (s ) Tj ET Q q 0 0 0 rg BT 441.56 123.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 472.91 123.50 Td (exports ) Tj ET Q q 0 0 0 rg BT 505.39 123.50 Td (have ) Tj ET Q q 0 0 0 rg BT 527.30 123.50 Td (made ) Tj ET Q q 0 0 0 rg BT 552.00 123.50 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.50 Td (68%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 111.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.04 111.50 Td (73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.37 111.50 Td ( ) Tj ET Q q 0 0 0 rg BT 93.58 111.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.23 111.50 Td (77%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.56 111.50 Td ( ) Tj ET Q q 0 0 0 rg BT 130.77 111.50 Td (of ) Tj ET Q q 0 0 0 rg BT 141.31 111.50 Td (its ) Tj ET Q q 0 0 0 rg BT 152.97 111.50 Td (total ) Tj ET Q q 0 0 0 rg BT 172.96 111.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 203.49 111.50 Td (sales ) Tj ET Q q 0 0 0 rg BT 225.14 111.50 Td (volume ) Tj ET Q q 0 0 0 rg BT 257.34 111.50 Td (in ) Tj ET Q q 0 0 0 rg BT 267.33 111.50 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.20 111.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 315.91 111.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 338.12 111.50 Td (and ) Tj ET Q q 0 0 0 rg BT 354.77 111.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.77 111.50 Td (, ) Tj ET Q q 0 0 0 rg BT 379.48 111.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 427.14 111.50 Td (. ) Tj ET Q q 0 0 0 rg BT 431.85 111.50 Td (Over ) Tj ET Q q 0 0 0 rg BT 454.05 111.50 Td (the ) Tj ET Q q 0 0 0 rg BT 468.48 111.50 Td (last ) Tj ET Q q 0 0 0 rg BT 484.58 111.50 Td (three ) Tj ET Q q 0 0 0 rg BT 506.78 111.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 532.59 111.50 Td (the ) Tj ET Q q 0 0 0 rg BT 547.01 111.50 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.97 99.50 Td (growth ) Tj ET Q q 0 0 0 rg BT 91.95 99.50 Td (for ) Tj ET Q q 0 0 0 rg BT 106.25 99.50 Td (global ) Tj ET Q q 0 0 0 rg BT 133.89 99.50 Td (steel ) Tj ET Q q 0 0 0 rg BT 154.86 99.50 Td (production ) Tj ET Q q 0 0 0 rg BT 200.82 99.50 Td (slowed ) Tj ET Q q 0 0 0 rg BT 231.80 99.50 Td (as ) Tj ET Q q 0 0 0 rg BT 242.77 99.50 Td (a ) Tj ET Q q 0 0 0 rg BT 249.85 99.50 Td (result ) Tj ET Q q 0 0 0 rg BT 274.71 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 285.69 99.50 Td (decelerating ) Tj ET Q q 0 0 0 rg BT 337.19 99.50 Td (global ) Tj ET Q q 0 0 0 rg BT 364.82 99.50 Td (economic ) Tj ET Q q 0 0 0 rg BT 406.34 99.50 Td (growth, ) Tj ET Q q 0 0 0 rg BT 439.81 99.50 Td (continuing ) Tj ET Q q 0 0 0 rg BT 485.23 99.50 Td (geopolitical ) Tj ET Q q 0 0 0 rg BT 535.08 99.50 Td (unrest, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 87.50 Td (European ) Tj ET Q q 0 0 0 rg BT 105.18 87.50 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 146.39 87.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 165.93 87.50 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 191.86 87.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 226.97 87.50 Td (production ) Tj ET Q q 0 0 0 rg BT 272.62 87.50 Td (cuts ) Tj ET Q q 0 0 0 rg BT 291.05 87.50 Td (and ) Tj ET Q q 0 0 0 rg BT 307.82 87.50 Td (a ) Tj ET Q q 0 0 0 rg BT 314.58 87.50 Td (weakening ) Tj ET Q q 0 0 0 rg BT 360.22 87.50 Td (price ) Tj ET Q q 0 0 0 rg BT 382.53 87.50 Td (environment ) Tj ET Q q 0 0 0 rg BT 435.40 87.50 Td (for ) Tj ET Q q 0 0 0 rg BT 449.39 87.50 Td (finished ) Tj ET Q q 0 0 0 rg BT 483.93 87.50 Td (steel. ) Tj ET Q q 0 0 0 rg BT 506.91 87.50 Td (The ) Tj ET Q q 0 0 0 rg BT 524.78 87.50 Td (softening ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.50 Td (market ) Tj ET Q q 0 0 0 rg BT 79.87 75.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 123.64 75.50 Td (reflected ) Tj ET Q q 0 0 0 rg BT 160.71 75.50 Td (these ) Tj ET Q q 0 0 0 rg BT 183.36 75.50 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 249.32 75.50 Td (trends ) Tj ET Q q 0 0 0 rg BT 275.86 75.50 Td (which ) Tj ET Q q 0 0 0 rg BT 302.41 75.50 Td (are ) Tj ET Q q 0 0 0 rg BT 316.72 75.50 Td (typical ) Tj ET Q q 0 0 0 rg BT 346.03 75.50 Td (of ) Tj ET Q q 0 0 0 rg BT 356.46 75.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.79 75.50 Td (long-term ) Tj ET Q q 0 0 0 rg BT 412.32 75.50 Td (cyclicality ) Tj ET Q q 0 0 0 rg BT 456.07 75.50 Td (in ) Tj ET Q q 0 0 0 rg BT 465.95 75.50 Td (our ) Tj ET Q q 0 0 0 rg BT 481.39 75.50 Td (industry) Tj ET Q q 0 0 0 rg BT 513.52 75.50 Td (. ) Tj ET Q q 0 0 0 rg BT 517.97 75.50 Td (W) Tj ET Q q 0 0 0 rg BT 526.60 75.50 Td (e ) Tj ET Q q 0 0 0 rg BT 533.15 75.50 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.50 Td (future ) Tj ET Q q 0 0 0 rg BT 77.35 63.50 Td (demand ) Tj ET Q q 0 0 0 rg BT 112.47 63.50 Td (for ) Tj ET Q q 0 0 0 rg BT 127.60 63.50 Td (recycled ) Tj ET Q q 0 0 0 rg BT 164.93 63.50 Td (metals ) Tj ET Q q 0 0 0 rg BT 194.50 63.50 Td (will ) Tj ET Q q 0 0 0 rg BT 213.52 63.50 Td (be ) Tj ET Q q 0 0 0 rg BT 226.43 63.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 255.45 63.50 Td (by ) Tj ET Q q 0 0 0 rg BT 268.91 63.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 299.59 63.50 Td (including ) Tj ET Q q 0 0 0 rg BT 340.83 63.50 Td (global ) Tj ET Q q 0 0 0 rg BT 369.29 63.50 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 426.63 63.50 Td (spending, ) Tj ET Q q 0 0 0 rg BT 468.70 63.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 492.72 63.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.62 63.50 Td (investment, ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (5) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 90.87 742.10 Td (spending, ) Tj ET Q q 0 0 0 rg BT 131.47 742.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 178.45 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.78 742.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 216.04 742.10 Td (government ) Tj ET Q q 0 0 0 rg BT 265.80 742.10 Td (stimulus ) Tj ET Q q 0 0 0 rg BT 301.69 742.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 341.45 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.88 742.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 417.64 742.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 444.63 742.10 Td (promoting ) Tj ET Q q 0 0 0 rg BT 488.29 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.50 742.10 Td (use ) Tj ET Q q 0 0 0 rg BT 517.82 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.15 742.10 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (metals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 99.38 709.10 Td (exports ) Tj ET Q q 0 0 0 rg BT 132.66 709.10 Td (made ) Tj ET Q q 0 0 0 rg BT 158.15 709.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.99 709.10 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.32 709.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.65 709.10 Td (71%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.98 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.82 709.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 709.10 Td (72%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.43 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.26 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.43 709.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 296.44 709.10 Td (s ) Tj ET Q q 0 0 0 rg BT 304.17 709.10 Td (total ) Tj ET Q q 0 0 0 rg BT 325.78 709.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 372.94 709.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 396.21 709.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 433.94 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.55 709.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.05 709.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 497.38 709.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 521.22 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.50 709.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 709.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 697.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.98 697.10 Td (China ) Tj ET Q q 0 0 0 rg BT 127.70 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.96 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.00 697.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 177.60 697.10 Td (have ) Tj ET Q q 0 0 0 rg BT 198.31 697.10 Td (been ) Tj ET Q q 0 0 0 rg BT 219.01 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.05 697.10 Td (lar) Tj ET Q q 0 0 0 rg BT 243.41 697.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 261.35 697.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 282.61 697.10 Td (destinations ) Tj ET Q q 0 0 0 rg BT 332.20 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.81 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.85 697.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 400.99 697.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 436.97 697.10 Td (unlike ) Tj ET Q q 0 0 0 rg BT 463.79 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.83 697.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 507.97 697.10 Td (market ) Tj ET Q q 0 0 0 rg BT 537.56 697.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 685.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 87.23 685.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 132.49 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 152.77 685.10 Td (no ) Tj ET Q q 0 0 0 rg BT 165.27 685.10 Td (single ) Tj ET Q q 0 0 0 rg BT 191.66 685.10 Td (country ) Tj ET Q q 0 0 0 rg BT 224.70 685.10 Td (dominating ) Tj ET Q q 0 0 0 rg BT 272.75 685.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 294.69 685.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.63 685.10 Td (year ) Tj ET Q q 0 0 0 rg BT 336.34 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.62 685.10 Td (year) Tj ET Q q 0 0 0 rg BT 363.27 685.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 662.7669921875 m 98.896484375 662.7669921875 l s q 0 0 0 rg BT 50.00 664.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.56 649.10 Td (delivers ) Tj ET Q q 0 0 0 rg BT 108.55 649.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 144.74 649.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 175.39 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.16 649.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 237.81 649.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 261.24 649.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 285.78 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.89 649.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 327.10 649.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 369.98 649.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.31 649.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 401.31 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.08 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.19 649.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 466.62 649.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 509.50 649.10 Td (by ) Tj ET Q q 0 0 0 rg BT 521.83 649.10 Td (bar) Tj ET Q q 0 0 0 rg BT 534.42 649.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 548.69 649.10 Td (rail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.20 637.10 Td (over) Tj ET Q q 0 0 0 rg BT 84.77 637.10 Td (-the-road ) Tj ET Q q 0 0 0 rg BT 124.18 637.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 182.49 637.10 Td (networks. ) Tj ET Q q 0 0 0 rg BT 224.42 637.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 245.52 637.10 Td (ef) Tj ET Q q 0 0 0 rg BT 253.11 637.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 294.19 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 309.16 637.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 347.46 637.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.23 637.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 400.76 637.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 422.40 637.10 Td (water ) Tj ET Q q 0 0 0 rg BT 447.37 637.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 483.46 637.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 520.65 637.10 Td (at ) Tj ET Q q 0 0 0 rg BT 530.64 637.10 Td (Everett, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 114.04 625.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 153.91 625.10 Td (Oregon; ) Tj ET Q q 0 0 0 rg BT 190.17 625.10 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 230.04 625.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 276.60 625.10 Td (T) Tj ET Q q 0 0 0 rg BT 282.01 625.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 313.84 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.48 625.10 Td (ashington; ) Tj ET Q q 0 0 0 rg BT 367.63 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.56 625.10 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 436.54 625.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 466.14 625.10 Td (Island, ) Tj ET Q q 0 0 0 rg BT 496.56 625.10 Td (all ) Tj ET Q q 0 0 0 rg BT 510.05 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.87 625.10 Td (which ) Tj ET Q q 0 0 0 rg BT 549.80 625.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 81.66 613.10 Td (except ) Tj ET Q q 0 0 0 rg BT 110.25 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.41 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.12 613.10 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 189.10 613.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 217.71 613.10 Td (Island ) Tj ET Q q 0 0 0 rg BT 244.65 613.10 Td (facility) Tj ET Q q 0 0 0 rg BT 272.32 613.10 Td (, ) Tj ET Q q 0 0 0 rg BT 277.31 613.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.25 613.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.42 613.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 350.34 613.10 Td (under ) Tj ET Q q 0 0 0 rg BT 375.61 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.54 613.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 424.47 613.10 Td (lease. ) Tj ET Q q 0 0 0 rg BT 449.27 613.10 Td (W) Tj ET Q q 0 0 0 rg BT 457.91 613.10 Td (e ) Tj ET Q q 0 0 0 rg BT 464.85 613.10 Td (also ) Tj ET Q q 0 0 0 rg BT 483.45 613.10 Td (have ) Tj ET Q q 0 0 0 rg BT 504.83 613.10 Td (access ) Tj ET Q q 0 0 0 rg BT 532.86 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.14 613.10 Td (deep ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (water ) Tj ET Q q 0 0 0 rg BT 73.92 601.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 108.95 601.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 145.09 601.10 Td (at ) Tj ET Q q 0 0 0 rg BT 154.01 601.10 Td (Kapolei, ) Tj ET Q q 0 0 0 rg BT 189.88 601.10 Td (Hawaii ) Tj ET Q q 0 0 0 rg BT 220.47 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.62 601.10 Td (Salinas, ) Tj ET Q q 0 0 0 rg BT 269.71 601.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 297.53 601.10 Td (Rico ) Tj ET Q q 0 0 0 rg BT 318.13 601.10 Td (through ) Tj ET Q q 0 0 0 rg BT 350.95 601.10 Td (public ) Tj ET Q q 0 0 0 rg BT 377.65 601.10 Td (docks, ) Tj ET Q q 0 0 0 rg BT 405.19 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.34 601.10 Td (have ) Tj ET Q q 0 0 0 rg BT 441.93 601.10 Td (water ) Tj ET Q q 0 0 0 rg BT 465.85 601.10 Td (access ) Tj ET Q q 0 0 0 rg BT 493.10 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.47 601.10 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 88.40 589.10 Td (at ) Tj ET Q q 0 0 0 rg BT 98.46 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 114.63 589.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 145.79 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.41 589.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 182.42 589.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.77 589.10 Td (British ) Tj ET Q q 0 0 0 rg BT 217.84 589.10 Td (Columbia. ) Tj ET Q q 0 0 0 rg BT 262.62 589.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 281.02 589.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 306.63 589.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 328.35 589.10 Td (water ) Tj ET Q q 0 0 0 rg BT 353.40 589.10 Td (terminals ) Tj ET Q q 0 0 0 rg BT 393.46 589.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 422.39 589.10 Td (us ) Tj ET Q q 0 0 0 rg BT 434.13 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.75 589.10 Td (load ) Tj ET Q q 0 0 0 rg BT 464.81 589.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 495.97 589.10 Td (material ) Tj ET Q q 0 0 0 rg BT 531.58 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.20 589.10 Td (lar) Tj ET Q q 0 0 0 rg BT 552.56 589.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 81.60 577.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 115.39 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.99 577.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 160.81 577.10 Td (up ) Tj ET Q q 0 0 0 rg BT 174.08 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.12 577.10 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 215.89 577.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 235.82 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.75 577.10 Td (trans-oceanic ) Tj ET Q q 0 0 0 rg BT 307.31 577.10 Td (shipments. ) Tj ET Q q 0 0 0 rg BT 352.92 577.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 402.82 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.58 577.10 Td (because ) Tj ET Q q 0 0 0 rg BT 443.50 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 458.42 577.10 Td (own ) Tj ET Q q 0 0 0 rg BT 478.91 577.10 Td (most ) Tj ET Q q 0 0 0 rg BT 501.62 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.22 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 577.10 Td (terminal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 85.86 565.10 Td (at ) Tj ET Q q 0 0 0 rg BT 94.52 565.10 Td (which ) Tj ET Q q 0 0 0 rg BT 120.39 565.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 144.06 565.10 Td (operates, ) Tj ET Q q 0 0 0 rg BT 181.31 565.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 204.98 565.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.08 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 227.29 565.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 264.83 565.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 294.59 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.81 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.46 565.10 Td (same ) Tj ET Q q 0 0 0 rg BT 339.44 565.10 Td (berthing ) Tj ET Q q 0 0 0 rg BT 374.20 565.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 401.19 565.10 Td (often ) Tj ET Q q 0 0 0 rg BT 423.17 565.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 472.91 565.10 Td (by ) Tj ET Q q 0 0 0 rg BT 484.34 565.10 Td (users ) Tj ET Q q 0 0 0 rg BT 506.33 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.09 565.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 533.68 565.10 Td (filiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (terminals. ) Tj ET Q q 0 0 0 rg BT 92.01 553.10 Td (W) Tj ET Q q 0 0 0 rg BT 100.65 553.10 Td (e ) Tj ET Q q 0 0 0 rg BT 107.56 553.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 138.91 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.38 553.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 181.39 553.10 Td (s ) Tj ET Q q 0 0 0 rg BT 187.76 553.10 Td (loading ) Tj ET Q q 0 0 0 rg BT 220.23 553.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 242.70 553.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.38 553.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 282.63 553.10 Td (than ) Tj ET Q q 0 0 0 rg BT 302.32 553.10 Td (at ) Tj ET Q q 0 0 0 rg BT 312.01 553.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 347.81 553.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 384.71 553.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 421.61 553.10 Td (by ) Tj ET Q q 0 0 0 rg BT 434.09 553.10 Td (third ) Tj ET Q q 0 0 0 rg BT 455.45 553.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 487.08 553.10 Td (From ) Tj ET Q q 0 0 0 rg BT 511.23 553.10 Td (time ) Tj ET Q q 0 0 0 rg BT 531.48 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.73 553.10 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.87 541.10 Td (may ) Tj ET Q q 0 0 0 rg BT 94.72 541.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 117.35 541.10 Td (into ) Tj ET Q q 0 0 0 rg BT 135.54 541.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 174.27 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.24 541.10 Td (af) Tj ET Q q 0 0 0 rg BT 192.83 541.10 Td (freightment, ) Tj ET Q q 0 0 0 rg BT 244.62 541.10 Td (which ) Tj ET Q q 0 0 0 rg BT 271.70 541.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 313.20 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.05 541.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 375.68 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.64 541.10 Td (ocean ) Tj ET Q q 0 0 0 rg BT 412.60 541.10 Td (going ) Tj ET Q q 0 0 0 rg BT 438.01 541.10 Td (vessels, ) Tj ET Q q 0 0 0 rg BT 471.48 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.90 541.10 Td (order ) Tj ET Q q 0 0 0 rg BT 505.64 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.05 541.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 549.78 541.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 71.39 529.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 114.99 529.10 Td (with ) Tj ET Q q 0 0 0 rg BT 135.26 529.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 154.43 529.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 201.92 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.86 529.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 248.01 529.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.11 508.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 114.00 508.10 Td (products ) Tj ET Q q 0 0 0 rg BT 151.00 508.10 Td (are ) Tj ET Q q 0 0 0 rg BT 165.77 508.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 199.44 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.78 508.10 Td (containers ) Tj ET Q q 0 0 0 rg BT 253.44 508.10 Td (which ) Tj ET Q q 0 0 0 rg BT 280.44 508.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 300.78 508.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 313.34 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.68 508.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 336.24 508.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 355.48 508.10 Td (from ) Tj ET Q q 0 0 0 rg BT 377.48 508.10 Td (container ) Tj ET Q q 0 0 0 rg BT 417.24 508.10 Td (ports ) Tj ET Q q 0 0 0 rg BT 439.80 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.80 508.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 472.69 508.10 Td (ramps ) Tj ET Q q 0 0 0 rg BT 499.69 508.10 Td (located ) Tj ET Q q 0 0 0 rg BT 531.13 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.47 508.10 Td (close ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 91.68 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.69 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.25 496.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 156.69 496.10 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 195.85 496.10 Td (Containerized ) Tj ET Q q 0 0 0 rg BT 254.17 496.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 296.97 496.10 Td (are ) Tj ET Q q 0 0 0 rg BT 311.41 496.10 Td (exported ) Tj ET Q q 0 0 0 rg BT 348.63 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.86 496.10 Td (marine ) Tj ET Q q 0 0 0 rg BT 390.86 496.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 421.42 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.43 496.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 474.21 496.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 509.22 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.89 496.10 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 93.06 484.10 Td (are ) Tj ET Q q 0 0 0 rg BT 107.76 484.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 145.25 484.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 178.86 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 191.36 484.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 207.19 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.02 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.52 484.10 Td (truck. ) Tj ET Q q 0 0 0 rg BT 256.06 484.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 461.7669921875 m 171.7333984375 461.7669921875 l s q 0 0 0 rg BT 50.00 463.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 68.52 463.10 Td (ces of Unpr) Tj ET Q q 0 0 0 rg BT 114.81 463.10 Td (ocessed Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.96 448.10 Td (most ) Tj ET Q q 0 0 0 rg BT 91.82 448.10 Td (common ) Tj ET Q q 0 0 0 rg BT 130.23 448.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 156.97 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.71 448.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 212.66 448.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 231.06 448.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 256.69 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.31 448.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 309.04 448.10 Td (machinery ) Tj ET Q q 0 0 0 rg BT 354.66 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.51 448.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 420.63 448.10 Td (such ) Tj ET Q q 0 0 0 rg BT 442.37 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.12 448.10 Td (automobiles, ) Tj ET Q q 0 0 0 rg BT 508.91 448.10 Td (railroad ) Tj ET Q q 0 0 0 rg BT 543.42 448.10 Td (cars, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (railroad ) Tj ET Q q 0 0 0 rg BT 84.13 436.10 Td (tracks, ) Tj ET Q q 0 0 0 rg BT 113.54 436.10 Td (home ) Tj ET Q q 0 0 0 rg BT 138.79 436.10 Td (appliances ) Tj ET Q q 0 0 0 rg BT 184.02 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.50 436.10 Td (other ) Tj ET Q q 0 0 0 rg BT 225.08 436.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 266.99 436.10 Td (goods, ) Tj ET Q q 0 0 0 rg BT 296.41 436.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 322.22 436.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 347.46 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.93 436.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 431.28 436.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 475.97 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.44 436.10 Td (demolition ) Tj ET Q q 0 0 0 rg BT 539.80 436.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.13 424.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 110.04 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.17 424.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.41 424.10 Td (obsolete ) Tj ET Q q 0 0 0 rg BT 183.42 424.10 Td (structures. ) Tj ET Q q 0 0 0 rg BT 226.49 424.10 Td (Raw ) Tj ET Q q 0 0 0 rg BT 246.51 424.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 270.41 424.10 Td (is ) Tj ET Q q 0 0 0 rg BT 278.77 424.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 314.88 424.10 Td (from ) Tj ET Q q 0 0 0 rg BT 336.01 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.14 424.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 372.71 424.10 Td (base ) Tj ET Q q 0 0 0 rg BT 392.16 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.18 424.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 439.98 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 456.67 424.10 Td (unload ) Tj ET Q q 0 0 0 rg BT 485.57 424.10 Td (at ) Tj ET Q q 0 0 0 rg BT 494.48 424.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 519.49 424.10 Td (s ) Tj ET Q q 0 0 0 rg BT 525.07 424.10 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.51 412.10 Td (drop ) Tj ET Q q 0 0 0 rg BT 93.91 412.10 Td (boxes ) Tj ET Q q 0 0 0 rg BT 120.32 412.10 Td (at ) Tj ET Q q 0 0 0 rg BT 130.61 412.10 Td (suppliers) Tj ET Q q 0 0 0 rg BT 169.30 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.38 412.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 213.22 412.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 234.07 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.58 412.10 Td (through ) Tj ET Q q 0 0 0 rg BT 285.77 412.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 330.49 412.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 372.99 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 395.50 412.10 Td (other ) Tj ET Q q 0 0 0 rg BT 419.12 412.10 Td (lar) Tj ET Q q 0 0 0 rg BT 429.49 412.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 442.00 412.10 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 483.68 412.10 Td (including ) Tj ET Q q 0 0 0 rg BT 524.53 412.10 Td (railroads, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 90.30 400.10 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 152.53 400.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 200.05 400.10 Td (salvage ) Tj ET Q q 0 0 0 rg BT 232.56 400.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 272.02 400.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 296.77 400.10 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 330.11 400.10 Td (various ) Tj ET Q q 0 0 0 rg BT 362.08 400.10 Td (government ) Tj ET Q q 0 0 0 rg BT 412.38 400.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 443.79 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.76 400.10 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 510.05 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.13 400.10 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.20 388.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 86.21 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 92.98 388.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 116.95 388.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 142.04 388.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 184.34 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.65 388.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 247.29 388.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 284.59 388.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 316.33 388.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 334.19 388.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 359.28 388.10 Td (via ) Tj ET Q q 0 0 0 rg BT 374.37 388.10 Td (major ) Tj ET Q q 0 0 0 rg BT 400.57 388.10 Td (railroad ) Tj ET Q q 0 0 0 rg BT 434.54 388.10 Td (routes, ) Tj ET Q q 0 0 0 rg BT 464.35 388.10 Td (waterways ) Tj ET Q q 0 0 0 rg BT 509.98 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 521.18 388.10 Td (highways. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 79.29 376.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 118.56 376.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 155.06 376.10 Td (situated ) Tj ET Q q 0 0 0 rg BT 188.24 376.10 Td (near ) Tj ET Q q 0 0 0 rg BT 207.52 376.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 259.02 376.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 283.30 376.10 Td (sellers ) Tj ET Q q 0 0 0 rg BT 310.92 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.43 376.10 Td (major ) Tj ET Q q 0 0 0 rg BT 352.83 376.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 410.44 376.10 Td (routes ) Tj ET Q q 0 0 0 rg BT 436.95 376.10 Td (have ) Tj ET Q q 0 0 0 rg BT 457.90 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.19 376.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 521.47 376.10 Td (advantage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 364.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 94.49 364.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 123.41 364.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 145.66 364.10 Td (because ) Tj ET Q q 0 0 0 rg BT 179.57 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.16 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.63 364.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 249.10 364.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 267.47 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.06 364.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 306.97 364.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 339.21 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.25 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.72 364.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 382.09 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.68 364.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 419.48 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 437.29 364.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 475.65 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.24 364.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 511.25 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 517.23 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 525.87 364.10 Td (est ) Tj ET Q q 0 0 0 rg BT 539.24 364.10 Td (Coast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 87.51 352.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 112.81 352.10 Td (it ) Tj ET Q q 0 0 0 rg BT 121.44 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.30 352.10 Td (competitively ) Tj ET Q q 0 0 0 rg BT 190.37 352.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 228.98 352.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 247.05 352.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 272.35 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 294.86 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.16 352.10 Td (Northern ) Tj ET Q q 0 0 0 rg BT 349.34 352.10 Td (California ) Tj ET Q q 0 0 0 rg BT 392.96 352.10 Td (region, ) Tj ET Q q 0 0 0 rg BT 424.09 352.10 Td (northward ) Tj ET Q q 0 0 0 rg BT 468.27 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.90 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 487.54 352.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 514.50 352.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 547.56 352.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Alaska, ) Tj ET Q q 0 0 0 rg BT 82.61 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.39 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.52 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.08 340.10 Td (east, ) Tj ET Q q 0 0 0 rg BT 144.47 340.10 Td (including ) Tj ET Q q 0 0 0 rg BT 184.58 340.10 Td (Idaho, ) Tj ET Q q 0 0 0 rg BT 212.20 340.10 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 252.59 340.10 Td (Utah, ) Tj ET Q q 0 0 0 rg BT 276.87 340.10 Td (Colorado ) Tj ET Q q 0 0 0 rg BT 316.43 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.21 340.10 Td (Nevada. ) Tj ET Q q 0 0 0 rg BT 368.42 340.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.31 340.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 424.76 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.44 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.00 340.10 Td (East ) Tj ET Q q 0 0 0 rg BT 469.56 340.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 494.68 340.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 531.45 340.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (access ) Tj ET Q q 0 0 0 rg BT 77.16 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.57 328.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 118.18 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.14 328.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 179.19 328.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 203.03 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.43 328.10 Td (New ) Tj ET Q q 0 0 0 rg BT 232.70 328.10 Td (Y) Tj ET Q q 0 0 0 rg BT 238.92 328.10 Td (ork, ) Tj ET Q q 0 0 0 rg BT 256.37 328.10 Td (Connecticut, ) Tj ET Q q 0 0 0 rg BT 308.82 328.10 Td (Maine, ) Tj ET Q q 0 0 0 rg BT 338.49 328.10 Td (Massachusetts, ) Tj ET Q q 0 0 0 rg BT 400.38 328.10 Td (New ) Tj ET Q q 0 0 0 rg BT 420.89 328.10 Td (Hampshire, ) Tj ET Q q 0 0 0 rg BT 468.89 328.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 496.62 328.10 Td (Island, ) Tj ET Q q 0 0 0 rg BT 525.07 328.10 Td (V) Tj ET Q q 0 0 0 rg BT 531.18 328.10 Td (ermont, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 81.62 316.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 113.24 316.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 131.81 316.10 Td (from ) Tj ET Q q 0 0 0 rg BT 152.88 316.10 Td (time ) Tj ET Q q 0 0 0 rg BT 172.28 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.69 316.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 203.60 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.45 316.10 Td (Midwest. ) Tj ET Q q 0 0 0 rg BT 256.58 316.10 Td (In ) Tj ET Q q 0 0 0 rg BT 266.54 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.39 316.10 Td (Southeastern ) Tj ET Q q 0 0 0 rg BT 333.68 316.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 355.60 316.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 414.99 316.10 Td (half ) Tj ET Q q 0 0 0 rg BT 432.17 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.13 316.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 467.14 316.10 Td (s ) Tj ET Q q 0 0 0 rg BT 472.66 316.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 502.61 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.69 316.10 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 102.68 304.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 128.14 304.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 161.38 304.10 Td (is ) Tj ET Q q 0 0 0 rg BT 171.30 304.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 215.09 304.10 Td (from ) Tj ET Q q 0 0 0 rg BT 237.77 304.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 278.79 304.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 327.31 304.10 Td (including ) Tj ET Q q 0 0 0 rg BT 368.33 304.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 388.79 304.10 Td (manufacturers, ) Tj ET Q q 0 0 0 rg BT 451.73 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.76 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.23 304.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 532.02 304.10 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (being ) Tj ET Q q 0 0 0 rg BT 74.39 292.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 117.10 292.10 Td (from ) Tj ET Q q 0 0 0 rg BT 138.72 292.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 170.32 292.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 200.81 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.43 292.10 Td (individuals. ) Tj ET Q q 0 0 0 rg BT 266.39 292.10 Td (These ) Tj ET Q q 0 0 0 rg BT 292.44 292.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 332.39 292.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 377.32 292.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 410.04 292.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 434.45 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.40 292.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 482.68 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.85 292.10 Td (are ) Tj ET Q q 0 0 0 rg BT 514.23 292.10 Td (by-products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.81 280.10 Td (their ) Tj ET Q q 0 0 0 rg BT 81.61 280.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 142.40 280.10 Td (processes. ) Tj ET Q q 0 0 0 rg BT 185.52 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 203.54 280.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 232.69 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.50 280.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 267.08 280.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 291.77 280.10 Td (from ) Tj ET Q q 0 0 0 rg BT 313.68 280.10 Td (these ) Tj ET Q q 0 0 0 rg BT 336.71 280.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 369.18 280.10 Td (can ) Tj ET Q q 0 0 0 rg BT 385.53 280.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 422.99 280.10 Td (with ) Tj ET Q q 0 0 0 rg BT 443.25 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.94 280.10 Td (level ) Tj ET Q q 0 0 0 rg BT 479.85 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.66 280.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 532.01 280.10 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 268.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 95.28 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.22 268.10 Td (can ) Tj ET Q q 0 0 0 rg BT 128.59 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 140.53 268.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 178.03 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.31 268.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 231.90 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.18 268.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 265.78 268.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 290.49 268.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 319.37 268.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 367.96 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.24 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.95 268.10 Td (short-term. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 245.76699218750002 m 82.763671875 245.76699218750002 l s q 0 0 0 rg BT 50.00 247.10 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.50 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.22 232.10 Td (September ) Tj ET Q q 0 0 0 rg BT 119.37 232.10 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.25 232.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.25 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.14 232.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 183.76 232.10 Td (had ) Tj ET Q q 0 0 0 rg BT 200.58 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.41 232.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 241.45 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.17 232.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 279.54 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.71 232.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.98 232.10 Td ($91 ) Tj ET Q q 0 0 0 rg BT 323.37 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.26 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.65 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.37 232.10 Td (export ) Tj ET Q q 0 0 0 rg BT 393.30 232.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 424.01 232.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 448.60 232.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 490.42 232.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.58 232.10 Td ($104 ) Tj ET Q q 0 0 0 rg BT 522.97 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.86 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.25 232.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.02 220.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 89.27 220.10 Td (year ) Tj ET Q q 0 0 0 rg BT 110.28 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.42 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.66 220.10 Td (result ) Tj ET Q q 0 0 0 rg BT 156.68 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.82 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.07 220.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 215.29 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.87 220.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 257.34 220.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 285.02 220.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 328.25 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.84 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.86 220.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 379.11 220.10 Td (year ) Tj ET Q q 0 0 0 rg BT 400.12 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.36 220.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 448.28 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.42 220.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 485.32 220.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 535.23 220.10 Td (, ) Tj ET Q q 0 0 0 rg BT 541.53 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.13 208.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.13 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 134.99 208.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 159.58 208.10 Td (had ) Tj ET Q q 0 0 0 rg BT 176.38 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.18 208.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 217.20 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.89 208.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 255.25 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.39 208.10 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.64 208.10 Td ($44 ) Tj ET Q q 0 0 0 rg BT 299.00 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.89 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.25 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.94 208.10 Td (export ) Tj ET Q q 0 0 0 rg BT 368.85 208.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 414.54 208.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 439.11 208.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 480.90 208.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.04 208.10 Td ($38 ) Tj ET Q q 0 0 0 rg BT 508.40 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.29 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.65 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 208.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.94 196.10 Td (year ) Tj ET Q q 0 0 0 rg BT 91.65 196.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 131.36 196.10 Td (due ) Tj ET Q q 0 0 0 rg BT 148.30 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.57 196.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 187.19 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.02 196.10 Td (sales.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 173.76699218750002 m 99.443359375 173.76699218750002 l s q 0 0 0 rg BT 50.00 175.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 75.14 160.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 115.81 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.49 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.61 160.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 162.30 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.64 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.12 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 198.75 160.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 225.54 160.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 258.43 160.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.99 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.12 160.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 326.56 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.79 160.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 361.80 160.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 386.91 160.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.60 160.10 Td (lar) Tj ET Q q 0 0 0 rg BT 417.96 160.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 432.81 160.10 Td (well-financed ) Tj ET Q q 0 0 0 rg BT 490.68 160.10 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 529.67 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.91 160.10 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 77.25 148.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 98.12 148.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 120.66 148.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.20 148.10 Td (own ) Tj ET Q q 0 0 0 rg BT 157.96 148.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 181.60 148.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 205.80 148.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 225.28 148.10 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 276.69 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.01 148.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 313.98 148.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 340.12 148.10 Td (with ) Tj ET Q q 0 0 0 rg BT 360.43 148.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 392.41 148.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 417.16 148.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 454.13 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.11 148.10 Td (dealers. ) Tj ET Q q 0 0 0 rg BT 504.46 148.10 Td (In ) Tj ET Q q 0 0 0 rg BT 515.34 148.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 549.80 148.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 99.13 136.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 128.27 136.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 170.18 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.33 136.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 221.79 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.05 136.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 255.07 136.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 279.21 136.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.34 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.49 136.10 Td (price ) Tj ET Q q 0 0 0 rg BT 329.40 136.10 Td (of) Tj ET Q q 0 0 0 rg BT 337.55 136.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 360.01 136.10 Td (by ) Tj ET Q q 0 0 0 rg BT 371.94 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.08 136.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 426.87 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.24 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.38 136.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 498.75 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.01 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.15 136.10 Td (purchaser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.61 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.65 124.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 99.58 124.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 124.61 124.10 Td (source. ) Tj ET Q q 0 0 0 rg BT 156.04 124.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 181.10 124.10 Td (also ) Tj ET Q q 0 0 0 rg BT 200.03 124.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 240.63 124.10 Td (with ) Tj ET Q q 0 0 0 rg BT 261.23 124.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 294.05 124.10 Td (that ) Tj ET Q q 0 0 0 rg BT 311.87 124.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 329.70 124.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 353.62 124.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 378.66 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.49 124.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 419.30 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.46 124.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 469.39 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.66 124.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 518.36 124.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 539.51 124.10 Td (mills. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (No ) Tj ET Q q 0 0 0 rg BT 64.72 112.10 Td (single ) Tj ET Q q 0 0 0 rg BT 91.11 112.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 114.71 112.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 143.31 112.10 Td (recycler ) Tj ET Q q 0 0 0 rg BT 178.00 112.10 Td (has ) Tj ET Q q 0 0 0 rg BT 193.83 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.77 112.10 Td (dominant ) Tj ET Q q 0 0 0 rg BT 241.04 112.10 Td (market ) Tj ET Q q 0 0 0 rg BT 271.31 112.10 Td (share ) Tj ET Q q 0 0 0 rg BT 294.91 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.19 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.90 112.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 354.06 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.34 112.10 Td (which ) Tj ET Q q 0 0 0 rg BT 391.27 112.10 Td (we ) Tj ET Q q 0 0 0 rg BT 405.43 112.10 Td (do ) Tj ET Q q 0 0 0 rg BT 417.93 112.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.75 91.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.83 91.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 109.76 91.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 132.18 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.04 91.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 194.24 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.44 91.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 228.52 91.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 253.44 91.10 Td (an ) Tj ET Q q 0 0 0 rg BT 265.30 91.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 318.27 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.02 91.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 354.21 91.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 395.51 91.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 426.26 91.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 447.56 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.42 91.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 489.62 91.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.92 91.10 Td (constrained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 74.76 79.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 120.62 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.06 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.93 79.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 169.37 79.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 199.97 79.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 235.28 79.10 Td (with ) Tj ET Q q 0 0 0 rg BT 256.72 79.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 307.58 79.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 359.01 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.45 79.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 416.32 79.10 Td (by ) Tj ET Q q 0 0 0 rg BT 429.98 79.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 480.85 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 499.50 79.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 540.91 79.10 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 89.24 67.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 124.58 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.39 67.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 163.63 67.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 198.43 67.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 234.61 67.10 Td (led ) Tj ET Q q 0 0 0 rg BT 248.86 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.68 67.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 301.80 67.10 Td (market ) Tj ET Q q 0 0 0 rg BT 331.60 67.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 366.96 67.10 Td (on ) Tj ET Q q 0 0 0 rg BT 378.99 67.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 407.69 67.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 431.95 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.42 67.10 Td (mar) Tj ET Q q 0 0 0 rg BT 463.79 67.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 478.60 67.10 Td (compression. ) Tj ET Q q 0 0 0 rg BT 533.68 67.10 Td (During ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (6) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.60 742.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 98.04 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.42 742.10 Td (number ) Tj ET Q q 0 0 0 rg BT 136.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.18 742.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 178.56 742.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 227.71 742.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 280.20 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.47 742.10 Td (exited ) Tj ET Q q 0 0 0 rg BT 316.85 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 742.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 354.05 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 383.75 742.10 Td (due ) Tj ET Q q 0 0 0 rg BT 400.13 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.85 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.01 742.10 Td (protracted ) Tj ET Q q 0 0 0 rg BT 466.49 742.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 499.52 742.10 Td (downturn ) Tj ET Q q 0 0 0 rg BT 539.79 742.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 730.10 Td (ger) Tj ET Q q 0 0 0 rg BT 72.73 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 77.73 730.10 Td (well-capitalized ) Tj ET Q q 0 0 0 rg BT 144.09 730.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 193.80 730.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 235.73 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.01 730.10 Td (operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 76.27 709.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 118.08 709.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 154.89 709.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.59 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.85 709.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 206.44 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.81 709.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 262.28 709.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 300.18 709.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 326.43 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.25 709.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 374.51 709.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 396.87 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.35 709.10 Td (other ) Tj ET Q q 0 0 0 rg BT 439.94 709.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 466.19 709.10 Td (product ) Tj ET Q q 0 0 0 rg BT 500.78 709.10 Td (producers. ) Tj ET Q q 0 0 0 rg BT 546.46 709.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (predominant ) Tj ET Q q 0 0 0 rg BT 102.48 697.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 151.63 697.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 180.78 697.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.72 697.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 226.88 697.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 262.68 697.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 286.83 697.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 308.21 697.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.36 697.10 Td (price ) Tj ET Q q 0 0 0 rg BT 344.29 697.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 387.34 697.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 423.73 697.10 Td (cost\), ) Tj ET Q q 0 0 0 rg BT 447.61 697.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 488.43 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.70 697.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 531.46 697.10 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (quality) Tj ET Q q 0 0 0 rg BT 77.12 685.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.62 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.83 685.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 127.81 685.10 Td (value ) Tj ET Q q 0 0 0 rg BT 151.46 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.79 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.01 685.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 195.79 685.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 221.11 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.54 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.76 685.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 298.74 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.18 685.10 Td (price ) Tj ET Q q 0 0 0 rg BT 337.16 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.49 685.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 370.58 685.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 394.79 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.23 685.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 434.32 685.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 458.53 685.10 Td (substitutes. ) Tj ET Q q 0 0 0 rg BT 505.25 685.10 Td (In ) Tj ET Q q 0 0 0 rg BT 515.58 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.79 685.10 Td (summer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 673.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 84.83 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.04 673.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 138.79 673.10 Td (production ) Tj ET Q q 0 0 0 rg BT 184.12 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.56 673.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 247.54 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.87 673.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 275.98 673.10 Td (ore, ) Tj ET Q q 0 0 0 rg BT 293.24 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.68 673.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 316.67 673.10 Td (material ) Tj ET Q q 0 0 0 rg BT 351.43 673.10 Td (used ) Tj ET Q q 0 0 0 rg BT 371.75 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.53 673.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 435.18 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.96 673.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 465.84 673.10 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 501.71 673.10 Td (which ) Tj ET Q q 0 0 0 rg BT 528.14 673.10 Td (compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.56 661.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 90.23 661.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 143.66 661.10 Td (production ) Tj ET Q q 0 0 0 rg BT 188.77 661.10 Td (that ) Tj ET Q q 0 0 0 rg BT 205.55 661.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 224.55 661.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 263.54 661.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 293.64 661.10 Td (scrap, ) Tj ET Q q 0 0 0 rg BT 319.02 661.10 Td (led ) Tj ET Q q 0 0 0 rg BT 333.02 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.58 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.80 661.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 387.79 661.10 Td (price ) Tj ET Q q 0 0 0 rg BT 409.56 661.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 431.89 661.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.33 661.10 Td (this ) Tj ET Q q 0 0 0 rg BT 461.56 661.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 478.33 661.10 Td (material. ) Tj ET Q q 0 0 0 rg BT 515.24 661.10 Td (This ) Tj ET Q q 0 0 0 rg BT 534.80 661.10 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.46 649.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 106.36 649.10 Td (may ) Tj ET Q q 0 0 0 rg BT 126.49 649.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.84 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.19 649.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 197.98 649.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 224.21 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.90 649.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 266.68 649.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 301.25 649.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.82 649.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 347.05 649.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 371.06 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 381.75 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.99 649.10 Td (export ) Tj ET Q q 0 0 0 rg BT 426.45 649.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 463.31 649.10 Td (While ) Tj ET Q q 0 0 0 rg BT 490.65 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.78 649.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 553.68 649.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 69.29 637.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 85.24 637.10 Td (may ) Tj ET Q q 0 0 0 rg BT 105.63 637.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 143.25 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.21 637.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 186.26 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.22 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.62 637.10 Td (near) Tj ET Q q 0 0 0 rg BT 229.63 637.10 Td (-term, ) Tj ET Q q 0 0 0 rg BT 256.96 637.10 Td (we ) Tj ET Q q 0 0 0 rg BT 271.80 637.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 303.85 637.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 349.80 637.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 392.42 637.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 427.25 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 442.09 637.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 473.59 637.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 497.87 637.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.61 637.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 554.22 637.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.95 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 95.48 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.12 625.10 Td (result ) Tj ET Q q 0 0 0 rg BT 126.54 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.07 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.48 625.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 195.90 625.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 249.75 625.10 Td (production ) Tj ET Q q 0 0 0 rg BT 295.27 625.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.86 625.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 343.37 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.01 625.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 419.97 625.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 453.82 625.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 495.44 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.42 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.84 625.10 Td (use ) Tj ET Q q 0 0 0 rg BT 535.37 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.90 625.10 Td (iron ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (ore. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 592.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.01 592.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 95.82 592.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 120.83 592.10 Td (s ) Tj ET Q q 0 0 0 rg BT 126.66 592.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 154.15 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.87 592.10 Td (process ) Tj ET Q q 0 0 0 rg BT 195.79 592.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 240.51 592.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 276.33 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.60 592.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 309.63 592.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 333.78 592.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 372.66 592.10 Td (state-of-the-art ) Tj ET Q q 0 0 0 rg BT 434.01 592.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 480.66 592.10 Td (number ) Tj ET Q q 0 0 0 rg BT 513.14 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.41 592.10 Td (locations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (access ) Tj ET Q q 0 0 0 rg BT 77.83 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.90 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.63 580.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 124.68 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.31 580.10 Td (dif) Tj ET Q q 0 0 0 rg BT 146.23 580.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 171.84 580.10 Td (modes ) Tj ET Q q 0 0 0 rg BT 200.24 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.86 580.10 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 271.19 580.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 317.91 580.10 Td (dispersion ) Tj ET Q q 0 0 0 rg BT 361.31 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.04 580.10 Td (cross-divisional ) Tj ET Q q 0 0 0 rg BT 443.66 580.10 Td (syner) Tj ET Q q 0 0 0 rg BT 465.14 580.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 483.54 580.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 516.37 580.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.11 580.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 568.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 113.05 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.33 568.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 159.70 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.98 568.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 203.02 568.10 Td (market ) Tj ET Q q 0 0 0 rg BT 233.29 568.10 Td (conditions. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (Auto Parts Business) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 530.7669921875 m 140.7373046875 530.7669921875 l s q 0 0 0 rg BT 50.00 532.10 Td (Business and Pr) Tj ET Q q 0 0 0 rg BT 114.63 532.10 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.50 517.10 Td (procures ) Tj ET Q q 0 0 0 rg BT 107.97 517.10 Td (used ) Tj ET Q q 0 0 0 rg BT 128.34 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.82 517.10 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 181.85 517.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 216.66 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.14 517.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 252.96 517.10 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 299.98 517.10 Td (used ) Tj ET Q q 0 0 0 rg BT 320.35 517.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 339.61 517.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 361.09 517.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.58 517.10 Td (these ) Tj ET Q q 0 0 0 rg BT 405.17 517.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 439.97 517.10 Td (through ) Tj ET Q q 0 0 0 rg BT 473.13 517.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.62 517.10 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.62 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 496.66 517.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 544.79 517.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 70.75 505.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 95.40 505.10 Td (located ) Tj ET Q q 0 0 0 rg BT 125.59 505.10 Td (across ) Tj ET Q q 0 0 0 rg BT 151.89 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.43 505.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 184.53 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.19 505.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.82 505.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 234.02 505.10 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 267.72 505.10 Td (The ) Tj ET Q q 0 0 0 rg BT 284.58 505.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 326.44 505.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 360.54 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.18 505.10 Td (these ) Tj ET Q q 0 0 0 rg BT 392.05 505.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 428.63 505.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 470.50 505.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 509.03 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.67 505.10 Td (autobodies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.01 493.10 Td (major ) Tj ET Q q 0 0 0 rg BT 92.90 493.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 114.91 493.10 Td (containing ) Tj ET Q q 0 0 0 rg BT 159.69 493.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 190.58 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.59 493.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 253.48 493.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 292.70 493.10 Td (such ) Tj ET Q q 0 0 0 rg BT 313.60 493.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.50 493.10 Td (engines, ) Tj ET Q q 0 0 0 rg BT 360.12 493.10 Td (transmissions, ) Tj ET Q q 0 0 0 rg BT 419.64 493.10 Td (alternators ) Tj ET Q q 0 0 0 rg BT 464.41 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.42 493.10 Td (catalytic ) Tj ET Q q 0 0 0 rg BT 517.85 493.10 Td (converters, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.62 481.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 83.71 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.91 481.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 122.43 481.10 Td (recyclers, ) Tj ET Q q 0 0 0 rg BT 163.43 481.10 Td (including ) Tj ET Q q 0 0 0 rg BT 203.62 481.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 228.27 481.10 Td (where ) Tj ET Q q 0 0 0 rg BT 255.11 481.10 Td (geographically ) Tj ET Q q 0 0 0 rg BT 316.95 481.10 Td (feasible. ) Tj ET Q q 0 0 0 rg BT 352.96 481.10 Td (In ) Tj ET Q q 0 0 0 rg BT 363.71 481.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 387.78 481.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 412.16 481.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 434.03 481.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 475.88 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.08 481.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 517.37 481.10 Td (its ) Tj ET Q q 0 0 0 rg BT 529.24 481.10 Td (network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 469.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 99.43 469.10 Td (by ) Tj ET Q q 0 0 0 rg BT 111.93 469.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 152.20 469.10 Td (one ) Tj ET Q q 0 0 0 rg BT 169.14 469.10 Td (store ) Tj ET Q q 0 0 0 rg BT 191.07 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.01 469.10 Td (opening ) Tj ET Q q 0 0 0 rg BT 242.73 469.10 Td (one ) Tj ET Q q 0 0 0 rg BT 259.67 469.10 Td (greenfield ) Tj ET Q q 0 0 0 rg BT 302.70 469.10 Td (store ) Tj ET Q q 0 0 0 rg BT 324.64 469.10 Td (location.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 446.7669921875 m 92.783203125 446.7669921875 l s q 0 0 0 rg BT 50.00 448.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Self-service ) Tj ET Q q 0 0 0 rg BT 100.22 433.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 126.01 433.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 165.67 433.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 189.23 433.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 232.24 433.10 Td (who ) Tj ET Q q 0 0 0 rg BT 251.93 433.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.60 433.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 299.62 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.86 433.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 337.31 433.10 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 384.75 433.10 Td (used ) Tj ET Q q 0 0 0 rg BT 405.54 433.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 425.22 433.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 447.12 433.10 Td (at ) Tj ET Q q 0 0 0 rg BT 456.80 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.70 433.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 513.37 433.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 538.14 433.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.64 421.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 124.72 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.03 421.10 Td (used ) Tj ET Q q 0 0 0 rg BT 159.46 421.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 178.77 421.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 200.30 421.10 Td (from ) Tj ET Q q 0 0 0 rg BT 221.84 421.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 256.69 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 266.57 421.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 306.99 421.10 Td (without ) Tj ET Q q 0 0 0 rg BT 339.64 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.95 421.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 396.03 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.46 421.10 Td (store ) Tj ET Q q 0 0 0 rg BT 427.99 421.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 475.35 421.10 Td (In ) Tj ET Q q 0 0 0 rg BT 485.77 421.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 522.68 421.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 544.23 421.10 Td (sells ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.44 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.99 409.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 145.43 409.10 Td (material ) Tj ET Q q 0 0 0 rg BT 181.31 409.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 218.86 409.10 Td (from ) Tj ET Q q 0 0 0 rg BT 241.42 409.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 287.29 409.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 323.17 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.06 409.10 Td (a ) Tj ET Q q 0 0 0 rg BT 341.62 409.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 372.50 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.95 409.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 427.05 409.10 Td (buyers, ) Tj ET Q q 0 0 0 rg BT 459.33 409.10 Td (including ) Tj ET Q q 0 0 0 rg BT 500.22 409.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 525.57 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.13 409.10 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (party ) Tj ET Q q 0 0 0 rg BT 73.05 397.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 112.75 397.10 Td (yards ) Tj ET Q q 0 0 0 rg BT 136.91 397.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 183.30 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.01 397.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 218.30 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.05 397.10 Td (W) Tj ET Q q 0 0 0 rg BT 243.69 397.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 270.07 397.10 Td (Canada.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 376.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.50 376.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 96.79 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 113.67 376.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 135.55 376.10 Td (has ) Tj ET Q q 0 0 0 rg BT 151.30 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.16 376.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 207.78 376.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 250.74 376.10 Td (due ) Tj ET Q q 0 0 0 rg BT 267.60 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.80 376.10 Td (its ) Tj ET Q q 0 0 0 rg BT 289.66 376.10 Td (various ) Tj ET Q q 0 0 0 rg BT 321.52 376.10 Td (information ) Tj ET Q q 0 0 0 rg BT 371.16 376.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 418.01 376.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 454.60 376.10 Td (which ) Tj ET Q q 0 0 0 rg BT 481.46 376.10 Td (are ) Tj ET Q q 0 0 0 rg BT 496.09 376.10 Td (used ) Tj ET Q q 0 0 0 rg BT 516.84 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.04 376.10 Td (centrally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 83.63 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.60 364.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 132.56 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.32 364.10 Td (geographically ) Tj ET Q q 0 0 0 rg BT 209.27 364.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 240.68 364.10 Td (network ) Tj ET Q q 0 0 0 rg BT 275.99 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.85 364.10 Td (stores; ) Tj ET Q q 0 0 0 rg BT 315.50 364.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.48 364.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 370.01 364.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 409.19 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.51 364.10 Td (of) Tj ET Q q 0 0 0 rg BT 427.66 364.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 454.07 364.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 497.15 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.13 364.10 Td (lar) Tj ET Q q 0 0 0 rg BT 514.49 364.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 526.47 364.10 Td (selection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 352.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 95.58 352.10 Td (from ) Tj ET Q q 0 0 0 rg BT 117.26 352.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.94 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.96 352.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 181.20 352.10 Td (parts; ) Tj ET Q q 0 0 0 rg BT 205.66 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.34 352.10 Td (its ) Tj ET Q q 0 0 0 rg BT 234.03 352.10 Td (ef) Tj ET Q q 0 0 0 rg BT 241.62 352.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 269.40 352.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 314.42 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.99 352.10 Td (autobodies. ) Tj ET Q q 0 0 0 rg BT 373.06 352.10 Td (No ) Tj ET Q q 0 0 0 rg BT 387.52 352.10 Td (single ) Tj ET Q q 0 0 0 rg BT 413.65 352.10 Td (external ) Tj ET Q q 0 0 0 rg BT 448.09 352.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 486.99 352.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 529.77 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.67 352.10 Td (10% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 340.10 Td (more ) Tj ET Q q 0 0 0 rg BT 83.88 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.71 340.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 147.75 340.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.79 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.06 340.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.22 340.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 245.22 340.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 267.72 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.66 340.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.66 340.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.10 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 81.42 319.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 122.38 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.80 319.10 Td (supplying ) Tj ET Q q 0 0 0 rg BT 174.90 319.10 Td (low-cost ) Tj ET Q q 0 0 0 rg BT 211.99 319.10 Td (used ) Tj ET Q q 0 0 0 rg BT 232.96 319.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 252.83 319.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 274.92 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.34 319.10 Td (its ) Tj ET Q q 0 0 0 rg BT 297.44 319.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 343.13 319.10 Td (In ) Tj ET Q q 0 0 0 rg BT 354.11 319.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 388.68 319.10 Td (we ) Tj ET Q q 0 0 0 rg BT 402.99 319.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 434.51 319.10 Td (that ) Tj ET Q q 0 0 0 rg BT 452.15 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.02 319.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 485.21 319.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 511.74 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.72 319.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.58 319.10 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.35 307.10 Td (APB) Tj ET Q q 0 0 0 rg BT 81.58 307.10 Td (s ) Tj ET Q q 0 0 0 rg BT 88.22 307.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 137.04 307.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 163.12 307.10 Td (are ) Tj ET Q q 0 0 0 rg BT 178.06 307.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 230.80 307.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 256.31 307.10 Td (than ) Tj ET Q q 0 0 0 rg BT 276.27 307.10 Td (those ) Tj ET Q q 0 0 0 rg BT 300.12 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 308.26 307.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 331.54 307.10 Td (at ) Tj ET Q q 0 0 0 rg BT 341.50 307.10 Td (full-service ) Tj ET Q q 0 0 0 rg BT 389.78 307.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 409.73 307.10 Td (dismantlers, ) Tj ET Q q 0 0 0 rg BT 461.08 307.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 484.36 307.10 Td (car ) Tj ET Q q 0 0 0 rg BT 499.31 307.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 521.49 307.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 547.56 307.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (car ) Tj ET Q q 0 0 0 rg BT 65.03 295.10 Td (dealerships. ) Tj ET Q q 0 0 0 rg BT 115.33 295.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 138.14 295.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 187.04 295.10 Td (store ) Tj ET Q q 0 0 0 rg BT 209.30 295.10 Td (of) Tj ET Q q 0 0 0 rg BT 217.45 295.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 235.26 295.10 Td (an ) Tj ET Q q 0 0 0 rg BT 247.52 295.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 288.10 295.10 Td (selection ) Tj ET Q q 0 0 0 rg BT 326.46 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.61 295.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 373.20 295.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 417.12 295.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 456.04 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.30 295.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 505.00 295.10 Td (cars, ) Tj ET Q q 0 0 0 rg BT 526.42 295.10 Td (vans ) Tj ET Q q 0 0 0 rg BT 547.57 295.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (light ) Tj ET Q q 0 0 0 rg BT 70.50 283.10 Td (trucks\) ) Tj ET Q q 0 0 0 rg BT 100.44 283.10 Td (from ) Tj ET Q q 0 0 0 rg BT 122.04 283.10 Td (which ) Tj ET Q q 0 0 0 rg BT 148.65 283.10 Td (consumers ) Tj ET Q q 0 0 0 rg BT 193.58 283.10 Td (can ) Tj ET Q q 0 0 0 rg BT 209.63 283.10 Td (remove ) Tj ET Q q 0 0 0 rg BT 241.78 283.10 Td (parts. ) Tj ET Q q 0 0 0 rg BT 265.41 283.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 287.03 283.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 325.29 283.10 Td (rotates ) Tj ET Q q 0 0 0 rg BT 354.11 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 365.73 283.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 396.76 283.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 437.26 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.20 283.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 479.92 283.10 Td (its ) Tj ET Q q 0 0 0 rg BT 491.53 283.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 534.25 283.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (access ) Tj ET Q q 0 0 0 rg BT 78.04 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.32 271.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.25 271.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 142.74 271.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 181.90 271.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 203.84 271.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 241.51 271.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.22 250.10 Td (table ) Tj ET Q q 0 0 0 rg BT 90.32 250.10 Td (below ) Tj ET Q q 0 0 0 rg BT 117.42 250.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 135.09 250.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 156.61 250.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 178.73 250.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.94 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.04 250.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 277.82 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.92 250.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 326.47 250.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 372.18 250.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 391.79 250.10 Td (separately) Tj ET Q q 0 0 0 rg BT 431.67 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.84 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.95 250.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 481.06 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.50 250.10 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 518.90 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 533.23 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.12 250.10 Td (last ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (three ) Tj ET Q q 0 0 0 rg BT 72.49 238.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 96.64 238.10 Td (years ) Tj ET Q q 0 0 0 rg BT 120.24 238.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 146.06 238.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 189.96 238.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 203.56 238.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.60 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 214.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 214.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 214.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 214.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 186.60 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 186.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 186.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 186.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 186.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 186.60 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 214.60000000000002 m 434.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 214.60000000000002 m 498.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 214.60000000000002 m 562.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 214.60000000000002 m 434.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 214.60000000000002 m 498.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 214.60000000000002 m 562.5 214.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 172.60000000000002 m 434.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 172.60000000000002 m 498.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 172.60000000000002 m 562.5 172.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 158.60000000000002 m 434.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 158.60000000000002 m 498.5 158.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 158.60000000000002 m 562.5 158.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 218.33 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 218.33 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 218.33 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 205.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 205.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 205.17 Td (319,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 205.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 205.17 Td (305,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 205.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 205.17 Td (295,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 191.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 191.17 Td (8,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 191.17 Td (8,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 191.17 Td (21,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 177.17 Td (Sales to MRB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 177.22 Td (\(87,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 177.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 177.22 Td (\(75,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 177.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 177.22 Td (\(73,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 177.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 163.17 Td (Total \(net of intercompany\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 163.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 163.17 Td (240,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 163.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 163.17 Td (237,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 163.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 163.17 Td (242,910) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 136.76699218750002 m 98.896484375 136.76699218750002 l s q 0 0 0 rg BT 50.00 138.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.76 123.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 93.84 123.10 Td (used ) Tj ET Q q 0 0 0 rg BT 115.48 123.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 136.00 123.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 158.74 123.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.48 123.10 Td (each ) Tj ET Q q 0 0 0 rg BT 203.10 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.74 123.10 Td (its ) Tj ET Q q 0 0 0 rg BT 227.49 123.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 276.88 123.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 300.73 123.10 Td (stores. ) Tj ET Q q 0 0 0 rg BT 329.86 123.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 355.39 123.10 Td (arriving ) Tj ET Q q 0 0 0 rg BT 390.35 123.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.87 123.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.61 123.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 458.00 123.10 Td (store, ) Tj ET Q q 0 0 0 rg BT 483.24 123.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.99 123.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 530.95 123.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 552.58 123.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (admission ) Tj ET Q q 0 0 0 rg BT 93.27 111.10 Td (char) Tj ET Q q 0 0 0 rg BT 110.30 111.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 122.46 111.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.61 111.10 Td (signs ) Tj ET Q q 0 0 0 rg BT 162.89 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.05 111.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 203.87 111.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 233.80 111.10 Td (before ) Tj ET Q q 0 0 0 rg BT 262.05 111.10 Td (entering ) Tj ET Q q 0 0 0 rg BT 297.53 111.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.47 111.10 Td (car ) Tj ET Q q 0 0 0 rg BT 327.39 111.10 Td (lot. ) Tj ET Q q 0 0 0 rg BT 342.97 111.10 Td (When ) Tj ET Q q 0 0 0 rg BT 369.56 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.72 111.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 416.09 111.10 Td (finds ) Tj ET Q q 0 0 0 rg BT 438.81 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.96 111.10 Td (desired ) Tj ET Q q 0 0 0 rg BT 477.56 111.10 Td (part ) Tj ET Q q 0 0 0 rg BT 495.82 111.10 Td (on ) Tj ET Q q 0 0 0 rg BT 508.54 111.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.69 111.10 Td (vehicle, ) Tj ET Q q 0 0 0 rg BT 549.78 111.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.16 99.10 Td (removes ) Tj ET Q q 0 0 0 rg BT 125.53 99.10 Td (it ) Tj ET Q q 0 0 0 rg BT 133.59 99.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 99.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 171.36 99.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.30 99.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 202.46 99.10 Td (price ) Tj ET Q q 0 0 0 rg BT 224.95 99.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.11 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.82 99.10 Td (part.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.13 78.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 112.70 78.10 Td (component ) Tj ET Q q 0 0 0 rg BT 160.72 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.85 78.10 Td (APB) Tj ET Q q 0 0 0 rg BT 194.08 78.10 Td (s ) Tj ET Q q 0 0 0 rg BT 201.55 78.10 Td (business ) Tj ET Q q 0 0 0 rg BT 239.03 78.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 274.29 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.20 78.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 309.23 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.14 78.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 353.05 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.07 78.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 417.98 78.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 458.21 78.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 496.23 78.10 Td (from ) Tj ET Q q 0 0 0 rg BT 519.26 78.10 Td (end-of-life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (vehicles. ) Tj ET Q q 0 0 0 rg BT 87.85 66.10 Td (Catalytic ) Tj ET Q q 0 0 0 rg BT 126.53 66.10 Td (converters ) Tj ET Q q 0 0 0 rg BT 170.76 66.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.55 66.10 Td (removed ) Tj ET Q q 0 0 0 rg BT 223.12 66.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.14 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.94 66.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 291.39 66.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 313.41 66.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.77 66.10 Td (it ) Tj ET Q q 0 0 0 rg BT 331.91 66.10 Td (being ) Tj ET Q q 0 0 0 rg BT 356.71 66.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 385.39 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.75 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.55 66.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 433.68 66.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 472.92 66.10 Td (area. ) Tj ET Q q 0 0 0 rg BT 494.64 66.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 518.33 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 66.10 Td (vehicle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (is ) Tj ET Q q 0 0 0 rg BT 60.02 54.10 Td (removed ) Tj ET Q q 0 0 0 rg BT 98.35 54.10 Td (from ) Tj ET Q q 0 0 0 rg BT 121.14 54.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.70 54.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 160.59 54.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 200.59 54.10 Td (area, ) Tj ET Q q 0 0 0 rg BT 223.08 54.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 266.97 54.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 289.76 54.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.88 54.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 356.44 54.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 388.11 54.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.90 54.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 452.56 54.10 Td (content, ) Tj ET Q q 0 0 0 rg BT 487.84 54.10 Td (including ) Tj ET Q q 0 0 0 rg BT 528.96 54.10 Td (engines, ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (7) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (transmissions ) Tj ET Q q 0 0 0 rg BT 107.38 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.76 742.10 Td (alternators, ) Tj ET Q q 0 0 0 rg BT 172.39 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.53 742.10 Td (removed ) Tj ET Q q 0 0 0 rg BT 225.45 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 247.83 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.98 742.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 294.79 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.16 742.10 Td (items ) Tj ET Q q 0 0 0 rg BT 336.76 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 352.47 742.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 372.08 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.79 742.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 407.95 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.10 742.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 476.57 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 486.72 742.10 Td (central ) Tj ET Q q 0 0 0 rg BT 516.86 742.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 554.22 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 95.42 730.10 Td (Oregon,T) Tj ET Q q 0 0 0 rg BT 133.32 730.10 Td (exas ) Tj ET Q q 0 0 0 rg BT 153.47 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.29 730.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 230.44 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.60 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.20 730.10 Td (United ) Tj ET Q q 0 0 0 rg BT 284.79 730.10 Td (States ) Tj ET Q q 0 0 0 rg BT 311.06 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.88 730.10 Td (Calgary ) Tj ET Q q 0 0 0 rg BT 361.91 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.07 730.10 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 406.94 730.10 Td (From ) Tj ET Q q 0 0 0 rg BT 430.99 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.70 730.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 486.01 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 508.94 730.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 530.75 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 545.34 730.10 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.64 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.94 718.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 95.57 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.76 718.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 147.61 718.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 176.13 718.10 Td (through ) Tj ET Q q 0 0 0 rg BT 209.10 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.41 718.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 264.48 718.10 Td (bidding ) Tj ET Q q 0 0 0 rg BT 296.89 718.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 331.25 718.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 349.77 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.41 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.49 718.10 Td (lar) Tj ET Q q 0 0 0 rg BT 383.86 718.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 398.49 718.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 439.23 718.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 479.96 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.82 718.10 Td (this ) Tj ET Q q 0 0 0 rg BT 508.13 718.10 Td (consolidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 84.55 706.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 106.65 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 115.97 706.10 Td (able ) Tj ET Q q 0 0 0 rg BT 135.28 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.70 706.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 173.35 706.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 201.54 706.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 228.06 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.71 706.10 Td (focusing ) Tj ET Q q 0 0 0 rg BT 277.80 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 290.45 706.10 Td (lar) Tj ET Q q 0 0 0 rg BT 300.81 706.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 316.23 706.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 358.86 706.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 402.06 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.70 706.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 457.89 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.31 706.10 Td (volume. ) Tj ET Q q 0 0 0 rg BT 503.26 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 521.46 706.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (autobody ) Tj ET Q q 0 0 0 rg BT 89.56 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 98.57 694.10 Td (crushed ) Tj ET Q q 0 0 0 rg BT 132.01 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.79 694.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 167.81 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 178.48 694.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 209.14 694.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 233.70 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.82 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.38 694.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 300.71 694.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 333.14 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.03 694.10 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 396.70 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.25 694.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 430.26 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 442.61 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.39 694.10 Td (price-per) Tj ET Q q 0 0 0 rg BT 485.27 694.10 Td (-ton ) Tj ET Q q 0 0 0 rg BT 503.72 694.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 528.57 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.35 694.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.42 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.30 682.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 139.60 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.48 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.79 682.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 199.75 682.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 230.17 682.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 254.47 682.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 290.26 682.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 311.81 682.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 352.77 682.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 390.40 682.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.83 682.10 Td ($87 ) Tj ET Q q 0 0 0 rg BT 417.93 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.82 682.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.41 682.10 Td ($76 ) Tj ET Q q 0 0 0 rg BT 468.51 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.40 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.50 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.03 682.10 Td ($74 ) Tj ET Q q 0 0 0 rg BT 533.13 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.61 670.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.76 670.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 127.76 670.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 150.26 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.20 670.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.20 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.20 670.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 239.86 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.86 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.80 670.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 288.74 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.02 670.10 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 326.25 670.10 Td (making ) Tj ET Q q 0 0 0 rg BT 358.75 670.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 383.48 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.19 670.10 Td (single ) Tj ET Q q 0 0 0 rg BT 424.58 670.10 Td (lar) Tj ET Q q 0 0 0 rg BT 434.95 670.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 453.55 670.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 492.71 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.99 670.10 Td (APB.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 647.7669921875 m 91.6552734375 647.7669921875 l s q 0 0 0 rg BT 50.00 649.10 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.35 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 88.57 634.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 137.00 634.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 180.44 634.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 222.77 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 240.66 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.76 634.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 285.87 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.54 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 308.88 634.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 357.86 634.10 Td (brand. ) Tj ET Q q 0 0 0 rg BT 385.81 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 404.25 634.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 447.69 634.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 467.80 634.10 Td (focuses ) Tj ET Q q 0 0 0 rg BT 500.68 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.57 634.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 554.23 634.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 91.53 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.84 622.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 151.83 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.26 622.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 207.11 622.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 241.97 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.51 622.10 Td (attracting ) Tj ET Q q 0 0 0 rg BT 298.37 622.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 317.69 622.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 339.22 622.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 381.87 622.10 Td (into ) Tj ET Q q 0 0 0 rg BT 399.53 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.84 622.10 Td (stores. ) Tj ET Q q 0 0 0 rg BT 441.62 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.27 622.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 501.91 622.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 521.23 622.10 Td (tar) Tj ET Q q 0 0 0 rg BT 531.59 622.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 549.80 622.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 86.63 610.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 127.15 610.10 Td (base ) Tj ET Q q 0 0 0 rg BT 148.78 610.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 200.98 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.06 610.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 244.26 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.56 610.10 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 315.85 610.10 Td (various ) Tj ET Q q 0 0 0 rg BT 349.16 610.10 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 393.29 610.10 Td (including ) Tj ET Q q 0 0 0 rg BT 434.93 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.01 610.10 Td (use ) Tj ET Q q 0 0 0 rg BT 468.20 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.40 610.10 Td (radio ) Tj ET Q q 0 0 0 rg BT 504.81 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.12 610.10 Td (television ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (advertising ) Tj ET Q q 0 0 0 rg BT 97.02 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.39 598.10 Td (promote ) Tj ET Q q 0 0 0 rg BT 143.30 598.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 174.76 598.10 Td (purchasing, ) Tj ET Q q 0 0 0 rg BT 223.73 598.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 262.41 598.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 304.98 598.10 Td (in-store ) Tj ET Q q 0 0 0 rg BT 338.12 598.10 Td (promotions ) Tj ET Q q 0 0 0 rg BT 386.26 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.29 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 426.42 598.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 452.34 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.26 598.10 Td (product ) Tj ET Q q 0 0 0 rg BT 496.39 598.10 Td (marketing. ) Tj ET Q q 0 0 0 rg BT 542.02 598.10 Td (Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (store ) Tj ET Q q 0 0 0 rg BT 71.94 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 87.77 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 94.71 586.10 Td (customized ) Tj ET Q q 0 0 0 rg BT 142.75 586.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 185.79 586.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 222.15 586.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 260.20 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.36 586.10 Td (its ) Tj ET Q q 0 0 0 rg BT 286.31 586.10 Td (market ) Tj ET Q q 0 0 0 rg BT 316.57 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.51 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.23 586.10 Td (community ) Tj ET Q q 0 0 0 rg BT 396.28 586.10 Td (it ) Tj ET Q q 0 0 0 rg BT 404.34 586.10 Td (serves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.74 565.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 109.03 565.10 Td (seeks ) Tj ET Q q 0 0 0 rg BT 132.98 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.05 565.10 Td (locate ) Tj ET Q q 0 0 0 rg BT 169.21 565.10 Td (its ) Tj ET Q q 0 0 0 rg BT 180.95 565.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 217.67 565.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.74 565.10 Td (convenient ) Tj ET Q q 0 0 0 rg BT 283.90 565.10 Td (road ) Tj ET Q q 0 0 0 rg BT 303.96 565.10 Td (access ) Tj ET Q q 0 0 0 rg BT 331.79 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.52 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.59 565.10 Td (major ) Tj ET Q q 0 0 0 rg BT 384.21 565.10 Td (population ) Tj ET Q q 0 0 0 rg BT 429.27 565.10 Td (centers. ) Tj ET Q q 0 0 0 rg BT 462.38 565.10 Td (By ) Tj ET Q q 0 0 0 rg BT 476.34 565.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 516.40 565.10 Td (at ) Tj ET Q q 0 0 0 rg BT 525.91 565.10 Td (locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.03 553.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.26 553.10 Td (convenient ) Tj ET Q q 0 0 0 rg BT 127.17 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.64 553.10 Td (visible ) Tj ET Q q 0 0 0 rg BT 172.33 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.14 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.39 553.10 Td (tar) Tj ET Q q 0 0 0 rg BT 206.76 553.10 Td (get ) Tj ET Q q 0 0 0 rg BT 221.01 553.10 Td (customer) Tj ET Q q 0 0 0 rg BT 257.26 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.79 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.04 553.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 301.40 553.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 321.20 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.01 553.10 Td (become ) Tj ET Q q 0 0 0 rg BT 364.14 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.38 553.10 Td (customer) Tj ET Q q 0 0 0 rg BT 415.41 553.10 Td () Tj ET Q q 0 0 0 rg BT 418.19 553.10 Td (s ) Tj ET Q q 0 0 0 rg BT 424.11 553.10 Td (first ) Tj ET Q q 0 0 0 rg BT 442.25 553.10 Td (stop ) Tj ET Q q 0 0 0 rg BT 460.95 553.10 Td (when ) Tj ET Q q 0 0 0 rg BT 484.64 553.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 524.44 553.10 Td (used ) Tj ET Q q 0 0 0 rg BT 544.80 553.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (parts.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 518.7669921875 m 126.8310546875 518.7669921875 l s q 0 0 0 rg BT 50.00 520.10 Td (Sour) Tj ET Q q 0 0 0 rg BT 68.52 520.10 Td (ces of V) Tj ET Q q 0 0 0 rg BT 99.07 520.10 Td (ehicles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.60 505.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 102.64 505.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 137.55 505.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.14 505.10 Td (five ) Tj ET Q q 0 0 0 rg BT 176.83 505.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 210.63 505.10 Td (sources: ) Tj ET Q q 0 0 0 rg BT 245.55 505.10 Td (private ) Tj ET Q q 0 0 0 rg BT 275.46 505.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 306.77 505.10 Td (tow ) Tj ET Q q 0 0 0 rg BT 323.92 505.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 371.33 505.10 Td (charities, ) Tj ET Q q 0 0 0 rg BT 409.85 505.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 429.21 505.10 Td (auctions ) Tj ET Q q 0 0 0 rg BT 464.69 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.27 505.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 523.41 505.10 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.12 493.10 Td (has ) Tj ET Q q 0 0 0 rg BT 88.11 493.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.21 493.10 Td (program ) Tj ET Q q 0 0 0 rg BT 131.75 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.19 493.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 180.40 493.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 215.82 493.10 Td (from ) Tj ET Q q 0 0 0 rg BT 237.92 493.10 Td (private ) Tj ET Q q 0 0 0 rg BT 268.35 493.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 297.67 493.10 Td (called ) Tj ET Q q 0 0 0 rg BT 324.21 493.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 351.31 493.10 Td (for ) Tj ET Q q 0 0 0 rg BT 365.63 493.10 Td (Junk ) Tj ET Q q 0 0 0 rg BT 387.19 493.10 Td (Cars, ) Tj ET Q q 0 0 0 rg BT 415.12 493.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.22 493.10 Td (is ) Tj ET Q q 0 0 0 rg BT 451.56 493.10 Td (advertised ) Tj ET Q q 0 0 0 rg BT 495.31 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.75 493.10 Td (local ) Tj ET Q q 0 0 0 rg BT 527.85 493.10 Td (markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 80.72 481.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 109.77 481.10 Td (call ) Tj ET Q q 0 0 0 rg BT 126.60 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.43 481.10 Td (toll-free ) Tj ET Q q 0 0 0 rg BT 168.03 481.10 Td (number ) Tj ET Q q 0 0 0 rg BT 200.97 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.81 481.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 249.06 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.90 481.10 Td (quote ) Tj ET Q q 0 0 0 rg BT 280.51 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 294.56 481.10 Td (their ) Tj ET Q q 0 0 0 rg BT 315.28 481.10 Td (vehicle. ) Tj ET Q q 0 0 0 rg BT 348.88 481.10 Td (The ) Tj ET Q q 0 0 0 rg BT 366.82 481.10 Td (private ) Tj ET Q q 0 0 0 rg BT 396.98 481.10 Td (party ) Tj ET Q q 0 0 0 rg BT 419.92 481.10 Td (can ) Tj ET Q q 0 0 0 rg BT 436.19 481.10 Td (either ) Tj ET Q q 0 0 0 rg BT 461.35 481.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 491.51 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.12 481.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 537.39 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.56 481.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 469.10 Td (APB) Tj ET Q q 0 0 0 rg BT 82.58 469.10 Td (s ) Tj ET Q q 0 0 0 rg BT 89.07 469.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 112.21 469.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 150.90 469.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.83 469.10 Td (arrange ) Tj ET Q q 0 0 0 rg BT 194.40 469.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.65 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.46 469.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 254.93 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.30 469.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.33 469.10 Td (picked ) Tj ET Q q 0 0 0 rg BT 306.58 469.10 Td (up. ) Tj ET Q q 0 0 0 rg BT 321.10 469.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 343.15 469.10 Td (also ) Tj ET Q q 0 0 0 rg BT 361.85 469.10 Td (employs ) Tj ET Q q 0 0 0 rg BT 398.34 469.10 Td (car ) Tj ET Q q 0 0 0 rg BT 413.14 469.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 442.39 469.10 Td (who ) Tj ET Q q 0 0 0 rg BT 462.21 469.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 487.57 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.94 469.10 Td (vendors ) Tj ET Q q 0 0 0 rg BT 532.19 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.23 469.10 Td (bid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 457.10 Td (vehicles. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 434.7669921875 m 99.443359375 434.7669921875 l s q 0 0 0 rg BT 50.00 436.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 421.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 87.41 421.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 109.17 421.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 144.28 421.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.27 421.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 208.88 421.10 Td (by ) Tj ET Q q 0 0 0 rg BT 221.21 421.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 252.41 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.17 421.10 Td (fragmented ) Tj ET Q q 0 0 0 rg BT 317.03 421.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 367.12 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.88 421.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 426.75 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.52 421.10 Td (lar) Tj ET Q q 0 0 0 rg BT 443.88 421.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 455.64 421.10 Td (number ) Tj ET Q q 0 0 0 rg BT 488.52 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.17 421.10 Td (aftermarket ) Tj ET Q q 0 0 0 rg BT 547.57 421.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.22 409.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 91.34 409.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 113.67 409.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 152.67 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.90 409.10 Td (all ) Tj ET Q q 0 0 0 rg BT 176.79 409.10 Td (sizes. ) Tj ET Q q 0 0 0 rg BT 201.41 409.10 Td (These ) Tj ET Q q 0 0 0 rg BT 228.18 409.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 273.84 409.10 Td (range ) Tj ET Q q 0 0 0 rg BT 298.94 409.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.27 409.10 Td (lar) Tj ET Q q 0 0 0 rg BT 331.64 409.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 346.47 409.10 Td (multi-national ) Tj ET Q q 0 0 0 rg BT 406.02 409.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 458.90 409.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.24 409.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 510.23 409.10 Td (both ) Tj ET Q q 0 0 0 rg BT 530.90 409.10 Td (original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 95.14 397.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 155.26 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.62 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.77 397.10 Td (aftermarket ) Tj ET Q q 0 0 0 rg BT 236.77 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.70 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.07 397.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 302.76 397.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 325.69 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.40 397.10 Td (small, ) Tj ET Q q 0 0 0 rg BT 363.49 397.10 Td (local ) Tj ET Q q 0 0 0 rg BT 385.85 397.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 417.66 397.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.02 397.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 474.62 397.10 Td (only ) Tj ET Q q 0 0 0 rg BT 495.33 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 502.69 397.10 Td (few ) Tj ET Q q 0 0 0 rg BT 520.61 397.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 542.98 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.56 397.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 91.15 385.10 Td (car ) Tj ET Q q 0 0 0 rg BT 106.20 385.10 Td (model. ) Tj ET Q q 0 0 0 rg BT 135.91 385.10 Td (After ) Tj ET Q q 0 0 0 rg BT 159.85 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.13 385.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 207.19 385.10 Td (period ) Tj ET Q q 0 0 0 rg BT 235.58 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.75 385.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 274.59 385.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 309.09 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.59 385.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 360.30 385.10 Td (metals, ) Tj ET Q q 0 0 0 rg BT 391.74 385.10 Td (some ) Tj ET Q q 0 0 0 rg BT 415.69 385.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 447.97 385.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 486.92 385.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 519.18 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.24 385.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.78 373.10 Td (some ) Tj ET Q q 0 0 0 rg BT 92.24 373.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 127.25 373.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 166.70 373.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 208.36 373.10 Td (their ) Tj ET Q q 0 0 0 rg BT 230.03 373.10 Td (presence. ) Tj ET Q q 0 0 0 rg BT 270.61 373.10 Td (This, ) Tj ET Q q 0 0 0 rg BT 294.23 373.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 337.01 373.10 Td (with ) Tj ET Q q 0 0 0 rg BT 358.13 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.69 373.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 423.13 373.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 471.46 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.14 373.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 529.24 373.10 Td (vehicles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.58 361.10 Td (from ) Tj ET Q q 0 0 0 rg BT 107.60 361.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 131.96 361.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 172.41 361.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 202.33 361.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 225.29 361.10 Td (led ) Tj ET Q q 0 0 0 rg BT 239.09 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.45 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.48 361.10 Td (more ) Tj ET Q q 0 0 0 rg BT 276.61 361.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 325.40 361.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 355.31 361.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 407.43 361.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 449.01 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.38 361.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 481.62 361.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 503.20 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.22 361.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 96.39 349.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 120.54 349.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.33 328.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 112.97 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.51 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.60 328.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 181.02 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.23 328.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 227.87 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 248.52 328.10 Td (other ) Tj ET Q q 0 0 0 rg BT 271.95 328.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 292.04 328.10 Td (dismantlers, ) Tj ET Q q 0 0 0 rg BT 343.52 328.10 Td (used ) Tj ET Q q 0 0 0 rg BT 364.73 328.10 Td (car ) Tj ET Q q 0 0 0 rg BT 379.81 328.10 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 413.51 328.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 433.60 328.10 Td (auctions ) Tj ET Q q 0 0 0 rg BT 469.80 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.12 328.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 512.21 328.10 Td (recyclers. ) Tj ET Q q 0 0 0 rg BT 553.67 328.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 84.26 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.81 316.10 Td (main ) Tj ET Q q 0 0 0 rg BT 121.14 316.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 170.68 316.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 200.22 316.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 242.54 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.09 316.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 294.97 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.63 316.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 340.73 316.10 Td (are ) Tj ET Q q 0 0 0 rg BT 355.27 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.82 316.10 Td (price ) Tj ET Q q 0 0 0 rg BT 392.14 316.10 Td (of) Tj ET Q q 0 0 0 rg BT 400.29 316.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 423.16 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 435.49 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.04 316.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 491.25 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.02 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.57 316.10 Td (proximity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 304.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 116.91 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.19 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.91 304.10 Td (source ) Tj ET Q q 0 0 0 rg BT 170.51 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.34 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.05 304.10 Td (vehicle. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.67 283.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 113.65 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.52 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.95 283.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 162.71 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.26 283.10 Td (used ) Tj ET Q q 0 0 0 rg BT 195.80 283.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 216.23 283.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 238.89 283.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.88 283.10 Td (other ) Tj ET Q q 0 0 0 rg BT 283.64 283.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 332.94 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.59 283.10 Td (full-service ) Tj ET Q q 0 0 0 rg BT 399.34 283.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 419.77 283.10 Td (dismantlers, ) Tj ET Q q 0 0 0 rg BT 471.59 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.13 283.10 Td (well ) Tj ET Q q 0 0 0 rg BT 503.56 283.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.11 283.10 Td (lar) Tj ET Q q 0 0 0 rg BT 525.47 283.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 541.46 283.10 Td (well-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 86.89 271.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 109.89 271.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 129.57 271.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 151.47 271.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 198.65 271.10 Td (For ) Tj ET Q q 0 0 0 rg BT 215.01 271.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 257.46 271.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 279.36 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.15 271.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 320.93 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.83 271.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 383.62 271.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 422.73 271.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 459.63 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 481.53 271.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 526.74 271.10 Td (vehicles, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.80 259.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 111.92 259.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 147.04 259.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.17 259.10 Td (other ) Tj ET Q q 0 0 0 rg BT 190.07 259.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 214.63 259.10 Td (recyclers. ) Tj ET Q q 0 0 0 rg BT 255.39 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 273.29 259.10 Td (main ) Tj ET Q q 0 0 0 rg BT 295.63 259.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 345.19 259.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 374.75 259.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 417.09 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.66 259.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 449.55 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.71 259.10 Td (APB) Tj ET Q q 0 0 0 rg BT 481.95 259.10 Td (s ) Tj ET Q q 0 0 0 rg BT 488.19 259.10 Td (products ) Tj ET Q q 0 0 0 rg BT 524.98 259.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.53 259.10 Td (price, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 97.49 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.32 247.10 Td (product, ) Tj ET Q q 0 0 0 rg BT 143.86 247.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 174.14 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.07 247.10 Td (convenience ) Tj ET Q q 0 0 0 rg BT 243.54 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.38 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.09 247.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 292.13 247.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 317.96 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.24 247.10 Td (customers. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Steel Manufacturing Business) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 209.76699218750002 m 85 209.76699218750002 l s q 0 0 0 rg BT 50.00 211.10 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.00 196.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 108.20 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.52 196.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 134.73 196.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 174.39 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.05 196.10 Td (McMinnville, ) Tj ET Q q 0 0 0 rg BT 241.20 196.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 273.07 196.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.95 196.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 327.93 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.25 196.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 355.57 196.10 Td (range ) Tj ET Q q 0 0 0 rg BT 379.66 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.87 196.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 423.97 196.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 444.17 196.10 Td (products ) Tj ET Q q 0 0 0 rg BT 480.49 196.10 Td (using ) Tj ET Q q 0 0 0 rg BT 504.04 196.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 539.79 196.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.12 184.10 Td (other ) Tj ET Q q 0 0 0 rg BT 92.34 184.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 111.01 184.10 Td (materials. ) Tj ET Q q 0 0 0 rg BT 153.84 184.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 179.75 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.10 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.99 184.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 225.78 184.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 261.67 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 277.01 184.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 300.91 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 308.48 184.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 333.26 184.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 359.15 184.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 417.53 184.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.65 184.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 470.45 184.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 513.56 184.10 Td (at ) Tj ET Q q 0 0 0 rg BT 524.45 184.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 547.01 184.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 102.48 172.10 Td (export ) Tj ET Q q 0 0 0 rg BT 130.53 172.10 Td (market ) Tj ET Q q 0 0 0 rg BT 160.79 172.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 187.17 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.33 172.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 244.38 172.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.32 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.86 172.10 Td (W) Tj ET Q q 0 0 0 rg BT 289.50 172.10 Td (est ) Tj ET Q q 0 0 0 rg BT 303.11 172.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 328.38 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.21 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.93 172.10 Td (U.S.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 149.76699218750002 m 109.9951171875 149.76699218750002 l s q 0 0 0 rg BT 50.00 151.10 Td (Manufacturing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 136.10 Td (s ) Tj ET Q q 0 0 0 rg BT 80.21 136.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 100.40 136.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 121.71 136.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 157.45 136.10 Td (an ) Tj ET Q q 0 0 0 rg BT 169.31 136.10 Td (EAF) Tj ET Q q 0 0 0 rg BT 187.40 136.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.31 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.17 136.10 Td (ladle ) Tj ET Q q 0 0 0 rg BT 221.02 136.10 Td (refining ) Tj ET Q q 0 0 0 rg BT 255.09 136.10 Td (furnace ) Tj ET Q q 0 0 0 rg BT 287.49 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 307.68 136.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 347.85 136.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 368.59 136.10 Td (chemistry ) Tj ET Q q 0 0 0 rg BT 410.44 136.10 Td (refining ) Tj ET Q q 0 0 0 rg BT 444.52 136.10 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 494.97 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.83 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.68 136.10 Td (five-strand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 96.53 124.10 Td (billet ) Tj ET Q q 0 0 0 rg BT 119.72 124.10 Td (caster) Tj ET Q q 0 0 0 rg BT 142.63 124.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.78 124.10 Td (permitting ) Tj ET Q q 0 0 0 rg BT 192.08 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.93 124.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 225.69 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.11 124.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 270.95 124.10 Td (special ) Tj ET Q q 0 0 0 rg BT 301.36 124.10 Td (alloy ) Tj ET Q q 0 0 0 rg BT 323.99 124.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 352.73 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.70 124.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 384.67 124.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.09 124.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 438.82 124.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 478.67 124.10 Td (by ) Tj ET Q q 0 0 0 rg BT 491.31 124.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.50 124.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 537.14 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 124.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.82 112.10 Td (W) Tj ET Q q 0 0 0 rg BT 78.45 112.10 Td (est ) Tj ET Q q 0 0 0 rg BT 91.75 112.10 Td (Coast. ) Tj ET Q q 0 0 0 rg BT 119.06 112.10 Td (The ) Tj ET Q q 0 0 0 rg BT 136.80 112.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 156.77 112.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 177.85 112.10 Td (produced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.25 112.10 Td (580 ) Tj ET Q q 0 0 0 rg BT 234.44 112.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.55 112.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.24 112.10 Td (546 ) Tj ET Q q 0 0 0 rg BT 292.43 112.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.54 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.73 112.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.36 112.10 Td (464 ) Tj ET Q q 0 0 0 rg BT 364.55 112.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.66 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.85 112.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 421.71 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.24 112.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 452.75 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.72 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.13 112.10 Td (form ) Tj ET Q q 0 0 0 rg BT 498.76 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.28 112.10 Td (billets ) Tj ET Q q 0 0 0 rg BT 535.92 112.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.55 100.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 97.95 100.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 119.85 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.18 100.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.18 100.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.58 100.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 208.24 100.10 Td (. ) Tj ET Q q 0 0 0 rg BT 212.64 100.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 235.66 100.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 275.88 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.55 100.10 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 319.11 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.78 100.10 Td (its ) Tj ET Q q 0 0 0 rg BT 340.13 100.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 359.80 100.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 380.59 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.26 100.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 425.48 100.10 Td (ef) Tj ET Q q 0 0 0 rg BT 433.07 100.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 473.28 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.95 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.07 100.10 Td (melting ) Tj ET Q q 0 0 0 rg BT 529.52 100.10 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 72.68 79.10 Td (also ) Tj ET Q q 0 0 0 rg BT 90.34 79.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 125.21 79.10 Td (two ) Tj ET Q q 0 0 0 rg BT 141.76 79.10 Td (computerized ) Tj ET Q q 0 0 0 rg BT 197.73 79.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 225.95 79.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 247.50 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 264.05 79.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 287.82 79.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.04 79.10 Td (synchronized ) Tj ET Q q 0 0 0 rg BT 355.90 79.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 399.11 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.99 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.76 79.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 450.98 79.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 472.54 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.53 79.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.29 79.10 Td (equipment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (Billets ) Tj ET Q q 0 0 0 rg BT 78.86 67.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 118.81 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.34 67.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 153.24 67.10 Td (s ) Tj ET Q q 0 0 0 rg BT 159.88 67.10 Td (melt ) Tj ET Q q 0 0 0 rg BT 180.40 67.10 Td (shop ) Tj ET Q q 0 0 0 rg BT 202.04 67.10 Td (are ) Tj ET Q q 0 0 0 rg BT 216.99 67.10 Td (reheated ) Tj ET Q q 0 0 0 rg BT 253.60 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.12 67.10 Td (two ) Tj ET Q q 0 0 0 rg BT 281.87 67.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 312.38 67.10 Td (gas-fueled ) Tj ET Q q 0 0 0 rg BT 356.77 67.10 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 393.39 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.57 67.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.52 67.10 Td (then ) Tj ET Q q 0 0 0 rg BT 445.49 67.10 Td (hot-rolled ) Tj ET Q q 0 0 0 rg BT 487.67 67.10 Td (through ) Tj ET Q q 0 0 0 rg BT 521.52 67.10 Td (one ) Tj ET Q q 0 0 0 rg BT 538.71 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 67.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (two ) Tj ET Q q 0 0 0 rg BT 67.52 55.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 96.71 55.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 119.24 55.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.54 55.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 164.27 55.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 199.00 55.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 238.46 55.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 262.11 55.10 Td (has ) Tj ET Q q 0 0 0 rg BT 277.96 55.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 322.13 55.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.09 55.10 Td (number ) Tj ET Q q 0 0 0 rg BT 362.16 55.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.02 55.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 428.86 55.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 463.03 55.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.33 55.10 Td (both ) Tj ET Q q 0 0 0 rg BT 493.64 55.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 516.16 55.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 554.23 55.10 Td (to ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (8) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.15 742.10 Td (both ) Tj ET Q q 0 0 0 rg BT 105.33 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 126.05 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 166.22 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 173.80 742.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 208.41 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.24 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.86 742.10 Td (types ) Tj ET Q q 0 0 0 rg BT 263.37 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.10 742.10 Td (products ) Tj ET Q q 0 0 0 rg BT 310.93 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 328.33 742.10 Td (can ) Tj ET Q q 0 0 0 rg BT 344.60 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 356.44 742.10 Td (competitively ) Tj ET Q q 0 0 0 rg BT 413.82 742.10 Td (produced. ) Tj ET Q q 0 0 0 rg BT 455.93 742.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 479.45 742.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 520.18 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.35 742.10 Td (monitor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 94.15 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.89 730.10 Td (new ) Tj ET Q q 0 0 0 rg BT 126.64 730.10 Td (products ) Tj ET Q q 0 0 0 rg BT 163.16 730.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 182.18 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 215.37 730.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 263.02 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 282.88 730.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 328.01 730.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 361.20 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 403.27 730.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 458.13 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.99 730.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 498.96 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 510.49 730.10 Td (product ) Tj ET Q q 0 0 0 rg BT 543.12 730.10 Td (lines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.08 718.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 89.65 718.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 113.55 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 119.08 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 126.67 718.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 155.51 718.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 183.80 718.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 217.66 718.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 243.18 718.10 Td (production ) Tj ET Q q 0 0 0 rg BT 288.15 718.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 323.09 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.40 718.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.80 718.10 Td (800 ) Tj ET Q q 0 0 0 rg BT 407.43 718.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.54 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.18 718.10 Td (tons ) Tj ET Q q 0 0 0 rg BT 463.49 718.10 Td (under ) Tj ET Q q 0 0 0 rg BT 487.89 718.10 Td (current ) Tj ET Q q 0 0 0 rg BT 517.85 718.10 Td (conditions.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 695.7669921875 m 85.7373046875 695.7669921875 l s q 0 0 0 rg BT 50.00 697.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 697.10 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.08 682.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 111.13 682.10 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 167.51 682.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 193.36 682.10 Td (\(billets\) ) Tj ET Q q 0 0 0 rg BT 226.42 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.81 682.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 276.98 682.10 Td (goods, ) Tj ET Q q 0 0 0 rg BT 305.32 682.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 347.83 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.12 682.10 Td (rebar) Tj ET Q q 0 0 0 rg BT 378.25 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.71 682.10 Td (coiled ) Tj ET Q q 0 0 0 rg BT 409.09 682.10 Td (rebar) Tj ET Q q 0 0 0 rg BT 429.23 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.68 682.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 453.40 682.10 Td (rod, ) Tj ET Q q 0 0 0 rg BT 471.19 682.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 510.34 682.10 Td (bar ) Tj ET Q q 0 0 0 rg BT 525.06 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 682.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 88.45 670.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 128.30 670.10 Td (Semi-finished ) Tj ET Q q 0 0 0 rg BT 187.31 670.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 214.12 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 229.23 670.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 290.46 670.10 Td (used ) Tj ET Q q 0 0 0 rg BT 311.70 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.27 670.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 350.18 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 356.98 670.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 392.10 670.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 431.95 670.10 Td (but ) Tj ET Q q 0 0 0 rg BT 447.64 670.10 Td (also ) Tj ET Q q 0 0 0 rg BT 466.66 670.10 Td (have ) Tj ET Q q 0 0 0 rg BT 488.45 670.10 Td (been ) Tj ET Q q 0 0 0 rg BT 510.23 670.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 550.35 670.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 68.14 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.51 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 101.65 658.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 122.57 658.10 Td (mills. ) Tj ET Q q 0 0 0 rg BT 147.67 658.10 Td (Rebar ) Tj ET Q q 0 0 0 rg BT 174.14 658.10 Td (is ) Tj ET Q q 0 0 0 rg BT 183.41 658.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 223.21 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.58 658.10 Td (either ) Tj ET Q q 0 0 0 rg BT 258.94 658.10 Td (straight ) Tj ET Q q 0 0 0 rg BT 291.53 658.10 Td (length ) Tj ET Q q 0 0 0 rg BT 319.12 658.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 340.04 658.10 Td (bars ) Tj ET Q q 0 0 0 rg BT 359.29 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.22 658.10 Td (coils ) Tj ET Q q 0 0 0 rg BT 391.70 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.73 658.10 Td (used ) Tj ET Q q 0 0 0 rg BT 429.66 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.03 658.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 475.38 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.19 658.10 Td (tensile ) Tj ET Q q 0 0 0 rg BT 518.88 658.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 553.70 658.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (poured ) Tj ET Q q 0 0 0 rg BT 80.66 646.10 Td (concrete. ) Tj ET Q q 0 0 0 rg BT 119.92 646.10 Td (Coiled ) Tj ET Q q 0 0 0 rg BT 149.47 646.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 172.90 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.46 646.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 221.99 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 234.88 646.10 Td (some ) Tj ET Q q 0 0 0 rg BT 258.88 646.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 318.97 646.10 Td (because ) Tj ET Q q 0 0 0 rg BT 353.51 646.10 Td (it ) Tj ET Q q 0 0 0 rg BT 361.95 646.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 395.38 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.49 646.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 436.15 646.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 477.91 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.80 646.10 Td (cutting ) Tj ET Q q 0 0 0 rg BT 521.47 646.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (lengths ) Tj ET Q q 0 0 0 rg BT 81.83 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.54 634.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 114.91 634.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 154.51 634.10 Td (specifications ) Tj ET Q q 0 0 0 rg BT 212.43 634.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 232.30 634.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 273.83 634.10 Td (improves ) Tj ET Q q 0 0 0 rg BT 313.98 634.10 Td (yield. ) Tj ET Q q 0 0 0 rg BT 339.20 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.24 634.10 Td (ire ) Tj ET Q q 0 0 0 rg BT 361.73 634.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 377.99 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 387.60 634.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 408.87 634.10 Td (rod, ) Tj ET Q q 0 0 0 rg BT 427.64 634.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 467.78 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.49 634.10 Td (coiled ) Tj ET Q q 0 0 0 rg BT 505.86 634.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 530.74 634.10 Td (used ) Tj ET Q q 0 0 0 rg BT 552.01 634.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 109.89 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.37 622.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 155.28 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 162.42 622.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 192.89 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.92 622.10 Td (products ) Tj ET Q q 0 0 0 rg BT 241.06 622.10 Td (such ) Tj ET Q q 0 0 0 rg BT 262.09 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.12 622.10 Td (chain ) Tj ET Q q 0 0 0 rg BT 297.48 622.10 Td (link ) Tj ET Q q 0 0 0 rg BT 315.74 622.10 Td (fencing, ) Tj ET Q q 0 0 0 rg BT 350.93 622.10 Td (nails, ) Tj ET Q q 0 0 0 rg BT 375.01 622.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 395.48 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.62 622.10 Td (stucco ) Tj ET Q q 0 0 0 rg BT 440.87 622.10 Td (netting. ) Tj ET Q q 0 0 0 rg BT 473.85 622.10 Td (Merchant ) Tj ET Q q 0 0 0 rg BT 514.87 622.10 Td (bar ) Tj ET Q q 0 0 0 rg BT 530.34 622.10 Td (consists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.91 610.10 Td (round, ) Tj ET Q q 0 0 0 rg BT 89.32 610.10 Td (flat, ) Tj ET Q q 0 0 0 rg BT 107.73 610.10 Td (angle ) Tj ET Q q 0 0 0 rg BT 131.96 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.98 610.10 Td (square ) Tj ET Q q 0 0 0 rg BT 177.66 610.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 198.57 610.10 Td (bars ) Tj ET Q q 0 0 0 rg BT 217.81 610.10 Td (used ) Tj ET Q q 0 0 0 rg BT 238.72 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.30 610.10 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 311.07 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.43 610.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 356.22 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.24 610.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 385.26 610.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 415.60 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.51 610.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 466.03 610.10 Td (including ) Tj ET Q q 0 0 0 rg BT 506.38 610.10 Td (gratings, ) Tj ET Q q 0 0 0 rg BT 543.68 610.10 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 72.03 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.05 598.10 Td (roof ) Tj ET Q q 0 0 0 rg BT 108.30 598.10 Td (joists, ) Tj ET Q q 0 0 0 rg BT 134.51 598.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 160.97 598.10 Td (walkways, ) Tj ET Q q 0 0 0 rg BT 206.05 598.10 Td (ornamental ) Tj ET Q q 0 0 0 rg BT 253.62 598.10 Td (furniture, ) Tj ET Q q 0 0 0 rg BT 293.69 598.10 Td (stair ) Tj ET Q q 0 0 0 rg BT 313.50 598.10 Td (railings ) Tj ET Q q 0 0 0 rg BT 346.08 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.11 598.10 Td (farm ) Tj ET Q q 0 0 0 rg BT 384.57 598.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 431.87 598.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 455.58 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.84 598.10 Td (also ) Tj ET Q q 0 0 0 rg BT 483.54 598.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 519.43 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.80 598.10 Td (produce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 100.71 586.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 123.07 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.68 586.10 Td (support ) Tj ET Q q 0 0 0 rg BT 164.51 586.10 Td (nuclear ) Tj ET Q q 0 0 0 rg BT 195.76 586.10 Td (power ) Tj ET Q q 0 0 0 rg BT 222.58 586.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 244.40 586.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 295.66 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.93 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 327.08 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.35 586.10 Td (license ) Tj ET Q q 0 0 0 rg BT 362.94 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.55 586.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 406.58 586.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 435.61 586.10 Td (patented ) Tj ET Q q 0 0 0 rg BT 471.31 586.10 Td (high-strength ) Tj ET Q q 0 0 0 rg BT 526.47 586.10 Td (specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (steels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 553.10 Td (table ) Tj ET Q q 0 0 0 rg BT 90.68 553.10 Td (below ) Tj ET Q q 0 0 0 rg BT 117.97 553.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 135.82 553.10 Td (forth, ) Tj ET Q q 0 0 0 rg BT 160.61 553.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.46 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.75 553.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 215.25 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.54 553.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 265.38 553.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 290.73 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.80 553.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 328.09 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.27 553.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 374.34 553.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 395.51 553.10 Td (products ) Tj ET Q q 0 0 0 rg BT 432.80 553.10 Td (during ) Tj ET Q q 0 0 0 rg BT 461.76 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.83 553.10 Td (last ) Tj ET Q q 0 0 0 rg BT 493.56 553.10 Td (three ) Tj ET Q q 0 0 0 rg BT 516.40 553.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 540.91 553.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.83 541.10 Td (August31:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.60 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 501.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 501.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 501.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 501.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 501.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 501.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 501.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 516.6 m 242.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 516.6 m 246.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 516.6 m 370.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 516.6 m 498.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 501.6 m 242.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 516.6 m 306.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 501.6 m 306.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 516.6 m 370.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 501.6 m 370.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 516.6 m 374.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 516.6 m 434.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 501.6 m 434.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 516.6 m 498.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 501.6 m 498.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 516.6 m 502.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 516.6 m 562.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 501.6 m 562.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 501.6 m 242.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 501.6 m 306.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 501.6 m 370.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 501.6 m 498.5 501.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 520.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.00 521.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 521.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 521.28 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 505.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.90 506.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 228.45 510.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 506.28 Td (V) Tj ET Q q 0 0 0 rg BT 262.30 506.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 288.41 510.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.90 506.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 356.45 510.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.00 506.28 Td (V) Tj ET Q q 0 0 0 rg BT 390.30 506.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 416.41 510.81 Td (\(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.90 506.28 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 484.45 510.81 Td (\(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 506.28 Td (V) Tj ET Q q 0 0 0 rg BT 518.30 506.28 Td (olume) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 544.41 510.81 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 492.17 Td (Finished steel products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 491.27 Td (377,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 491.27 Td (533,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 491.27 Td (346,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 491.27 Td (487,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 491.27 Td (332,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 491.27 Td (447,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 477.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 461.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 461.90 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 461.90 Td (stated ) Tj ET Q q 0 0 0 rg BT 121.76 461.90 Td (in ) Tj ET Q q 0 0 0 rg BT 129.98 461.90 Td (thousands ) Tj ET Q q 0 0 0 rg BT 163.98 461.90 Td (of ) Tj ET Q q 0 0 0 rg BT 172.65 461.90 Td (dollars.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 449.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 449.30 Td (V) Tj ET Q q 0 0 0 rg BT 72.75 449.30 Td (olume ) Tj ET Q q 0 0 0 rg BT 94.74 449.30 Td (stated ) Tj ET Q q 0 0 0 rg BT 115.40 449.30 Td (in ) Tj ET Q q 0 0 0 rg BT 123.63 449.30 Td (short ) Tj ET Q q 0 0 0 rg BT 141.63 449.30 Td (tons ) Tj ET Q q 0 0 0 rg BT 156.96 449.30 Td (\(one ) Tj ET Q q 0 0 0 rg BT 173.18 449.30 Td (short ) Tj ET Q q 0 0 0 rg BT 191.18 449.30 Td (ton ) Tj ET Q q 0 0 0 rg BT 203.40 449.30 Td (= ) Tj ET Q q 0 0 0 rg BT 209.91 449.30 Td (2,000 ) Tj ET Q q 0 0 0 rg BT 229.91 449.30 Td (pounds\).) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 429.9669921875 m 92.783203125 429.9669921875 l s q 0 0 0 rg BT 50.00 431.30 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.30 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 416.30 Td (s ) Tj ET Q q 0 0 0 rg BT 80.67 416.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 124.08 416.30 Td (are ) Tj ET Q q 0 0 0 rg BT 139.16 416.30 Td (principally ) Tj ET Q q 0 0 0 rg BT 185.36 416.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 206.56 416.30 Td (service ) Tj ET Q q 0 0 0 rg BT 237.74 416.30 Td (centers, ) Tj ET Q q 0 0 0 rg BT 271.43 416.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 323.74 416.30 Td (industry ) Tj ET Q q 0 0 0 rg BT 359.39 416.30 Td (subcontractors, ) Tj ET Q q 0 0 0 rg BT 423.08 416.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 444.27 416.30 Td (fabricators, ) Tj ET Q q 0 0 0 rg BT 492.40 416.30 Td (wire ) Tj ET Q q 0 0 0 rg BT 513.04 416.30 Td (drawers ) Tj ET Q q 0 0 0 rg BT 547.56 416.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.30 Td (major ) Tj ET Q q 0 0 0 rg BT 76.39 404.30 Td (farm ) Tj ET Q q 0 0 0 rg BT 98.33 404.30 Td (and ) Tj ET Q q 0 0 0 rg BT 115.83 404.30 Td (wood ) Tj ET Q q 0 0 0 rg BT 141.11 404.30 Td (products ) Tj ET Q q 0 0 0 rg BT 178.62 404.30 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 220.29 404.30 Td (During ) Tj ET Q q 0 0 0 rg BT 251.68 404.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.40 404.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.40 404.30 Td (, ) Tj ET Q q 0 0 0 rg BT 301.96 404.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 326.15 404.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 345.88 404.30 Td (its ) Tj ET Q q 0 0 0 rg BT 358.39 404.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 393.67 404.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 415.06 404.30 Td (products ) Tj ET Q q 0 0 0 rg BT 452.56 404.30 Td (to ) Tj ET Q q 0 0 0 rg BT 463.40 404.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 507.01 404.30 Td (located ) Tj ET Q q 0 0 0 rg BT 538.95 404.30 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 404.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.30 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 392.30 Td (estern ) Tj ET Q q 0 0 0 rg BT 85.75 392.30 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 109.26 392.30 Td (Canada ) Tj ET Q q 0 0 0 rg BT 142.48 392.30 Td (and ) Tj ET Q q 0 0 0 rg BT 160.15 392.30 Td (Hawaii. ) Tj ET Q q 0 0 0 rg BT 194.76 392.30 Td (Customers ) Tj ET Q q 0 0 0 rg BT 240.77 392.30 Td (in ) Tj ET Q q 0 0 0 rg BT 251.78 392.30 Td (California ) Tj ET Q q 0 0 0 rg BT 295.56 392.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 339.32 392.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.21 392.30 Td (43%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.54 392.30 Td ( ) Tj ET Q q 0 0 0 rg BT 375.78 392.30 Td (of ) Tj ET Q q 0 0 0 rg BT 387.34 392.30 Td (SMB) Tj ET Q q 0 0 0 rg BT 411.24 392.30 Td (s ) Tj ET Q q 0 0 0 rg BT 418.36 392.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 457.13 392.30 Td (in ) Tj ET Q q 0 0 0 rg BT 468.14 392.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.03 392.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.03 392.30 Td (. ) Tj ET Q q 0 0 0 rg BT 518.76 392.30 Td (SMB) Tj ET Q q 0 0 0 rg BT 542.67 392.30 Td (s ) Tj ET Q q 0 0 0 rg BT 549.79 392.30 Td (ten ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.30 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 380.30 Td (gest ) Tj ET Q q 0 0 0 rg BT 79.47 380.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 123.01 380.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 166.53 380.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.18 380.30 Td (40%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.51 380.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 380.30 Td (43%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.33 380.30 Td ( ) Tj ET Q q 0 0 0 rg BT 226.33 380.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.76 380.30 Td (43%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.09 380.30 Td ( ) Tj ET Q q 0 0 0 rg BT 265.08 380.30 Td (of ) Tj ET Q q 0 0 0 rg BT 276.40 380.30 Td (its ) Tj ET Q q 0 0 0 rg BT 288.84 380.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 327.37 380.30 Td (during ) Tj ET Q q 0 0 0 rg BT 356.47 380.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.12 380.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 406.61 380.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 429.60 380.30 Td (and ) Tj ET Q q 0 0 0 rg BT 447.04 380.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.04 380.30 Td (, ) Tj ET Q q 0 0 0 rg BT 472.53 380.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 520.19 380.30 Td (. ) Tj ET Q q 0 0 0 rg BT 525.68 380.30 Td (No ) Tj ET Q q 0 0 0 rg BT 540.89 380.30 Td (SMB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.30 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.16 368.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 132.19 368.30 Td (for ) Tj ET Q q 0 0 0 rg BT 146.35 368.30 Td (10% ) Tj ET Q q 0 0 0 rg BT 167.18 368.30 Td (or ) Tj ET Q q 0 0 0 rg BT 178.01 368.30 Td (more ) Tj ET Q q 0 0 0 rg BT 201.05 368.30 Td (of ) Tj ET Q q 0 0 0 rg BT 211.88 368.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 264.93 368.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 302.96 368.30 Td (in ) Tj ET Q q 0 0 0 rg BT 313.24 368.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.40 368.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 362.40 368.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 384.90 368.30 Td (and ) Tj ET Q q 0 0 0 rg BT 401.84 368.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.84 368.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.30 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 347.30 Td (table ) Tj ET Q q 0 0 0 rg BT 89.55 347.30 Td (below ) Tj ET Q q 0 0 0 rg BT 116.27 347.30 Td (sets ) Tj ET Q q 0 0 0 rg BT 133.56 347.30 Td (forth ) Tj ET Q q 0 0 0 rg BT 155.28 347.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 178.69 347.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.51 347.30 Td (from ) Tj ET Q q 0 0 0 rg BT 238.24 347.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 276.63 347.30 Td (and ) Tj ET Q q 0 0 0 rg BT 293.35 347.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 324.51 347.30 Td (customers ) Tj ET Q q 0 0 0 rg BT 367.34 347.30 Td (for ) Tj ET Q q 0 0 0 rg BT 381.29 347.30 Td (the ) Tj ET Q q 0 0 0 rg BT 395.79 347.30 Td (last ) Tj ET Q q 0 0 0 rg BT 411.96 347.30 Td (three ) Tj ET Q q 0 0 0 rg BT 434.23 347.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 458.17 347.30 Td (years ) Tj ET Q q 0 0 0 rg BT 481.56 347.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 507.22 347.30 Td (August31 ) Tj ET Q q 0 0 0 rg BT 550.89 347.30 Td (\(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.30 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 311.80 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 311.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 311.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 311.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 311.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 311.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 283.80 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 283.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 283.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 283.80 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 283.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 283.80 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 311.79999999999995 m 434.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 311.79999999999995 m 498.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 311.79999999999995 m 562.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 311.79999999999995 m 434.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 311.79999999999995 m 498.5 311.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 283.79999999999995 m 434.5 283.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 283.79999999999995 m 498.5 283.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 283.79999999999995 m 562.5 283.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 269.79999999999995 m 434.5 269.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 269.79999999999995 m 498.5 269.79999999999995 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 269.79999999999995 m 562.5 269.79999999999995 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 315.53 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 315.53 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 315.53 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.37 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 302.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 302.37 Td (354,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 302.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 302.37 Td (304,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 302.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 302.37 Td (290,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.37 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 84.11 292.90 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 288.37 Td (34,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 288.37 Td (47,856) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 288.37 Td (42,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 274.37 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 274.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 274.37 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 274.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 274.37 Td (352,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 274.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 274.37 Td (333,227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 260.70 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 245.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 97.12 245.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 123.55 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.22 245.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 149.77 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.99 245.10 Td (Canada.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 225.76699218750002 m 98.896484375 225.76699218750002 l s q 0 0 0 rg BT 50.00 227.10 Td (Distribution) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 74.33 212.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 95.31 212.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 129.05 212.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.69 212.10 Td (its ) Tj ET Q q 0 0 0 rg BT 164.34 212.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 205.32 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.30 212.10 Td (McMinnville, ) Tj ET Q q 0 0 0 rg BT 274.78 212.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 307.97 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.61 212.10 Td (its ) Tj ET Q q 0 0 0 rg BT 338.26 212.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 368.12 212.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 417.44 212.10 Td (center ) Tj ET Q q 0 0 0 rg BT 445.06 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 456.04 212.10 Td (El ) Tj ET Q q 0 0 0 rg BT 468.13 212.10 Td (Monte, ) Tj ET Q q 0 0 0 rg BT 499.94 212.10 Td (California ) Tj ET Q q 0 0 0 rg BT 543.69 212.10 Td (\(Los ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (Angeles ) Tj ET Q q 0 0 0 rg BT 84.35 200.10 Td (area\). ) Tj ET Q q 0 0 0 rg BT 108.41 200.10 Td (Products ) Tj ET Q q 0 0 0 rg BT 144.99 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.79 200.10 Td (shipped ) Tj ET Q q 0 0 0 rg BT 191.48 200.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.50 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.30 200.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 265.66 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.02 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.82 200.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 336.52 200.10 Td (center) Tj ET Q q 0 0 0 rg BT 360.54 200.10 Td (, ) Tj ET Q q 0 0 0 rg BT 364.63 200.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 403.42 200.10 Td (by ) Tj ET Q q 0 0 0 rg BT 415.01 200.10 Td (rail. ) Tj ET Q q 0 0 0 rg BT 432.30 200.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.43 200.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 497.13 200.10 Td (center ) Tj ET Q q 0 0 0 rg BT 523.13 200.10 Td (facilitates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 72.20 188.10 Td (by ) Tj ET Q q 0 0 0 rg BT 84.96 188.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 135.49 188.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.69 188.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 188.77 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.86 188.10 Td (products ) Tj ET Q q 0 0 0 rg BT 237.06 188.10 Td (close ) Tj ET Q q 0 0 0 rg BT 260.37 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.91 188.10 Td (major ) Tj ET Q q 0 0 0 rg BT 296.99 188.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 340.30 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.72 188.10 Td (just-in-time ) Tj ET Q q 0 0 0 rg BT 404.14 188.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 436.25 188.10 Td (. ) Tj ET Q q 0 0 0 rg BT 441.51 188.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 465.40 188.10 Td (communicates ) Tj ET Q q 0 0 0 rg BT 525.92 188.10 Td (regularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.14 176.10 Td (major ) Tj ET Q q 0 0 0 rg BT 95.83 176.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 138.73 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.87 176.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 191.21 176.10 Td (their ) Tj ET Q q 0 0 0 rg BT 211.90 176.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 258.13 176.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 283.26 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.06 176.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 323.53 176.10 Td (its ) Tj ET Q q 0 0 0 rg BT 335.33 176.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 364.36 176.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 382.83 176.10 Td (production ) Tj ET Q q 0 0 0 rg BT 428.52 176.10 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 468.37 176.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 514.92 176.10 Td (. ) Tj ET Q q 0 0 0 rg BT 519.78 176.10 Td (Shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 164.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 103.33 164.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.03 164.10 Td (made ) Tj ET Q q 0 0 0 rg BT 142.19 164.10 Td (by ) Tj ET Q q 0 0 0 rg BT 154.69 164.10 Td (common ) Tj ET Q q 0 0 0 rg BT 192.18 164.10 Td (carrier) Tj ET Q q 0 0 0 rg BT 217.87 164.10 Td (, ) Tj ET Q q 0 0 0 rg BT 222.87 164.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 262.58 164.10 Td (truck ) Tj ET Q q 0 0 0 rg BT 285.63 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.46 164.10 Td (rail.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 141.76699218750002 m 139.150390625 141.76699218750002 l s q 0 0 0 rg BT 50.00 143.10 Td (Supply of Scrap Metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 128.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.17 128.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 96.14 128.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 119.35 128.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 154.76 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.07 128.10 Td (only ) Tj ET Q q 0 0 0 rg BT 188.94 128.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 228.82 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.69 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.85 128.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.49 128.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 287.46 128.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 307.33 128.10 Td (that ) Tj ET Q q 0 0 0 rg BT 324.42 128.10 Td (obtains ) Tj ET Q q 0 0 0 rg BT 355.40 128.10 Td (its ) Tj ET Q q 0 0 0 rg BT 366.94 128.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 390.14 128.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 414.44 128.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 468.74 128.10 Td (from ) Tj ET Q q 0 0 0 rg BT 490.27 128.10 Td (an ) Tj ET Q q 0 0 0 rg BT 501.80 128.10 Td (af) Tj ET Q q 0 0 0 rg BT 509.39 128.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 539.80 128.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (recycler) Tj ET Q q 0 0 0 rg BT 81.64 116.10 Td (. ) Tj ET Q q 0 0 0 rg BT 86.42 116.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 110.94 116.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 147.66 116.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.38 116.10 Td (mix ) Tj ET Q q 0 0 0 rg BT 172.21 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.83 116.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 218.97 116.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 243.46 116.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 271.84 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.90 116.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 307.81 116.10 Td (which ) Tj ET Q q 0 0 0 rg BT 334.53 116.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 362.92 116.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 386.32 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.38 116.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 429.20 116.10 Td (optimum ) Tj ET Q q 0 0 0 rg BT 467.59 116.10 Td (ef) Tj ET Q q 0 0 0 rg BT 475.18 116.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 509.67 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.73 116.10 Td (its ) Tj ET Q q 0 0 0 rg BT 531.46 116.10 Td (melting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (operations. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.70 30.40 Td (9) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 207.70 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.03 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 108.22265625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 69.07 742.10 Td (gy Supply) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.88 727.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 99.40 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.60 727.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 151.56 727.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 184.31 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.40 727.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 238.13 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.66 727.10 Td (run ) Tj ET Q q 0 0 0 rg BT 264.75 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 276.95 727.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 323.86 727.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 363.83 727.10 Td (its ) Tj ET Q q 0 0 0 rg BT 376.03 727.10 Td (EAF) Tj ET Q q 0 0 0 rg BT 394.13 727.10 Td (. ) Tj ET Q q 0 0 0 rg BT 399.38 727.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 423.26 727.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 465.44 727.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 508.17 727.10 Td (under ) Tj ET Q q 0 0 0 rg BT 533.70 727.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.89 727.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.14 715.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 104.16 715.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.75 715.10 Td (McMinnville ) Tj ET Q q 0 0 0 rg BT 178.20 715.10 Td (W) Tj ET Q q 0 0 0 rg BT 186.84 715.10 Td (ater& ) Tj ET Q q 0 0 0 rg BT 213.92 715.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 237.40 715.10 Td (\(MW+L\), ) Tj ET Q q 0 0 0 rg BT 287.33 715.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.58 715.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.17 715.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 341.09 715.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 364.56 715.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.38 715.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.41 715.10 Td (Bonneville ) Tj ET Q q 0 0 0 rg BT 436.10 715.10 Td (Power ) Tj ET Q q 0 0 0 rg BT 463.07 715.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 525.44 715.10 Td (\(BP) Tj ET Q q 0 0 0 rg BT 544.52 715.10 Td (A\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 703.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 703.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 97.50 703.10 Td (into ) Tj ET Q q 0 0 0 rg BT 115.56 703.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.39 703.10 Td (current ) Tj ET Q q 0 0 0 rg BT 162.20 703.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 196.90 703.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.18 703.10 Td (MW+L) Tj ET Q q 0 0 0 rg BT 246.89 703.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.39 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.67 703.10 Td (October ) Tj ET Q q 0 0 0 rg BT 294.38 703.10 Td (201) Tj ET Q q 0 0 0 rg BT 309.00 703.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 316.50 703.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.00 703.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.06 703.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 379.54 703.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.82 703.10 Td (September ) Tj ET Q q 0 0 0 rg BT 435.08 703.10 Td (2028.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 74.06 682.10 Td (also ) Tj ET Q q 0 0 0 rg BT 93.11 682.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 118.82 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.19 682.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 171.34 682.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 204.28 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.54 682.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 246.25 682.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 262.52 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.23 682.10 Td (run ) Tj ET Q q 0 0 0 rg BT 289.50 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.89 682.10 Td (reheat ) Tj ET Q q 0 0 0 rg BT 329.25 682.10 Td (furnaces, ) Tj ET Q q 0 0 0 rg BT 368.56 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.93 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.08 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 432.35 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.06 682.10 Td (reheat ) Tj ET Q q 0 0 0 rg BT 470.43 682.10 Td (billets ) Tj ET Q q 0 0 0 rg BT 497.81 682.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 520.18 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.90 682.10 Td (running ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (them ) Tj ET Q q 0 0 0 rg BT 71.92 670.10 Td (through ) Tj ET Q q 0 0 0 rg BT 104.95 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.09 670.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 147.68 670.10 Td (mills. ) Tj ET Q q 0 0 0 rg BT 172.11 670.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 195.16 670.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 220.41 670.10 Td (this ) Tj ET Q q 0 0 0 rg BT 236.78 670.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 270.36 670.10 Td (through ) Tj ET Q q 0 0 0 rg BT 303.39 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.75 670.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.44 670.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 354.69 670.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 398.26 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.96 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.32 670.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 450.14 670.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 485.94 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.86 670.10 Td (obligates ) Tj ET Q q 0 0 0 rg BT 540.88 670.10 Td (SMB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.68 658.10 Td (each ) Tj ET Q q 0 0 0 rg BT 80.47 658.10 Td (month-end ) Tj ET Q q 0 0 0 rg BT 126.26 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.50 658.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 174.51 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.42 658.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 213.88 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.67 658.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 240.47 658.10 Td (based ) Tj ET Q q 0 0 0 rg BT 265.71 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 278.18 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 290.09 658.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 329.76 658.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 355.00 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.12 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.81 658.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 436.26 658.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 483.17 658.10 Td (month ) Tj ET Q q 0 0 0 rg BT 511.19 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 523.66 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.56 658.10 Td (take-or) Tj ET Q q 0 0 0 rg BT 558.68 658.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.94 646.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 89.44 646.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 116.92 646.10 Td (using ) Tj ET Q q 0 0 0 rg BT 141.09 646.10 Td (published ) Tj ET Q q 0 0 0 rg BT 182.48 646.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 212.74 646.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 228.57 646.10 Td (indices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.70 625.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 81.20 625.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 103.70 625.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.28 625.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.61 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.11 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.94 625.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 202.84 625.10 Td (s ) Tj ET Q q 0 0 0 rg BT 209.23 625.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 227.84 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.67 625.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 265.06 625.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 284.23 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.51 625.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.67 625.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.67 625.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.67 625.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.67 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.17 625.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.11 625.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.11 625.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 602.7669921875 m 82.763671875 602.7669921875 l s q 0 0 0 rg BT 50.00 604.10 Td (Backlog) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.60 589.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 113.29 589.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 136.33 589.10 Td (products ) Tj ET Q q 0 0 0 rg BT 173.25 589.10 Td (within ) Tj ET Q q 0 0 0 rg BT 201.29 589.10 Td (days ) Tj ET Q q 0 0 0 rg BT 222.10 589.10 Td (after ) Tj ET Q q 0 0 0 rg BT 242.90 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.60 589.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 287.28 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.10 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.02 589.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 343.04 589.10 Td (order) Tj ET Q q 0 0 0 rg BT 363.58 589.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.02 589.10 Td (As ) Tj ET Q q 0 0 0 rg BT 381.61 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.42 589.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.67 589.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.67 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 475.15 589.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.07 589.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.07 589.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.05 589.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 540.66 589.10 Td (had ) Tj ET Q q 0 0 0 rg BT 557.58 589.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (backlog ) Tj ET Q q 0 0 0 rg BT 84.16 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.99 577.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 122.48 577.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.31 577.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 150.81 577.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.70 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.20 577.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.14 577.10 Td ($27 ) Tj ET Q q 0 0 0 rg BT 216.64 577.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.53 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 250.53 577.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 298.19 577.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 554.7669921875 m 99.443359375 554.7669921875 l s q 0 0 0 rg BT 50.00 556.10 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 541.10 Td (s ) Tj ET Q q 0 0 0 rg BT 80.08 541.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 114.03 541.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 152.42 541.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 201.92 541.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.87 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.38 541.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 248.22 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.84 541.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 293.34 541.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 313.96 541.10 Td (products ) Tj ET Q q 0 0 0 rg BT 350.69 541.10 Td (include ) Tj ET Q q 0 0 0 rg BT 382.41 541.10 Td (Nucor ) Tj ET Q q 0 0 0 rg BT 409.69 541.10 Td (Corporation) Tj ET Q q 0 0 0 rg BT 460.80 541.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.98 541.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 527.58 541.10 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.51 529.10 Td (Arizona, ) Tj ET Q q 0 0 0 rg BT 96.43 529.10 Td (Utah ) Tj ET Q q 0 0 0 rg BT 118.08 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.58 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.22 529.10 Td (ashington; ) Tj ET Q q 0 0 0 rg BT 187.10 529.10 Td (Gerdau ) Tj ET Q q 0 0 0 rg BT 218.75 529.10 Td (Long ) Tj ET Q q 0 0 0 rg BT 242.07 529.10 Td (Steel ) Tj ET Q q 0 0 0 rg BT 264.28 529.10 Td (North ) Tj ET Q q 0 0 0 rg BT 289.34 529.10 Td (America) Tj ET Q q 0 0 0 rg BT 326.54 529.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.65 529.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 363.19 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.18 529.10 Td (California; ) Tj ET Q q 0 0 0 rg BT 418.72 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.38 529.10 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 487.02 529.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 516.45 529.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 529.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 110.92 517.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 141.84 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.65 517.10 Td (Arizona. ) Tj ET Q q 0 0 0 rg BT 188.97 517.10 Td (In ) Tj ET Q q 0 0 0 rg BT 199.90 517.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 235.28 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.67 517.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 284.38 517.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 337.25 517.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 360.98 517.10 Td (competes ) Tj ET Q q 0 0 0 rg BT 401.35 517.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.74 517.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 453.22 517.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 474.15 517.10 Td (producers, ) Tj ET Q q 0 0 0 rg BT 518.69 517.10 Td (principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (located ) Tj ET Q q 0 0 0 rg BT 81.74 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.76 505.10 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 115.46 505.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 150.82 505.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 184.23 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.54 505.10 Td (Central ) Tj ET Q q 0 0 0 rg BT 233.85 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.16 505.10 Td (South ) Tj ET Q q 0 0 0 rg BT 276.74 505.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 316.53 505.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 356.61 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.26 505.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 397.90 505.10 Td (length ) Tj ET Q q 0 0 0 rg BT 425.77 505.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 449.18 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.49 505.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 496.56 505.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 517.20 505.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 533.40 505.10 Td (grades. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 493.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 106.09 493.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 155.80 493.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 185.50 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.78 493.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 219.68 493.10 Td (s ) Tj ET Q q 0 0 0 rg BT 226.07 493.10 Td (market ) Tj ET Q q 0 0 0 rg BT 256.34 493.10 Td (are ) Tj ET Q q 0 0 0 rg BT 271.04 493.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 296.03 493.10 Td (product ) Tj ET Q q 0 0 0 rg BT 329.08 493.10 Td (availability) Tj ET Q q 0 0 0 rg BT 373.41 493.10 Td (, ) Tj ET Q q 0 0 0 rg BT 378.41 493.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 408.69 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.63 493.10 Td (service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.02 472.10 Td (more ) Tj ET Q q 0 0 0 rg BT 90.70 472.10 Td (than ) Tj ET Q q 0 0 0 rg BT 111.04 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.61 472.10 Td (decade, ) Tj ET Q q 0 0 0 rg BT 151.99 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.34 472.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 188.25 472.10 Td (government ) Tj ET Q q 0 0 0 rg BT 239.14 472.10 Td (has ) Tj ET Q q 0 0 0 rg BT 255.60 472.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 292.62 472.10 Td (anti-dumping ) Tj ET Q q 0 0 0 rg BT 349.63 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.20 472.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 428.08 472.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 455.10 472.10 Td (against ) Tj ET Q q 0 0 0 rg BT 486.55 472.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 507.45 472.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 523.91 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.48 472.10 Td (rebar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (products ) Tj ET Q q 0 0 0 rg BT 87.63 460.10 Td (from ) Tj ET Q q 0 0 0 rg BT 110.25 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.88 460.10 Td (number ) Tj ET Q q 0 0 0 rg BT 151.62 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.13 460.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 195.20 460.10 Td (countries.) Tj ET Q q 0 0 0 rg BT 236.67 460.10 Td (These ) Tj ET Q q 0 0 0 rg BT 263.74 460.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 290.82 460.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 321.77 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.73 460.10 Td (ef) Tj ET Q q 0 0 0 rg BT 340.32 460.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 358.50 460.10 Td (today ) Tj ET Q q 0 0 0 rg BT 383.90 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.53 460.10 Td (are ) Tj ET Q q 0 0 0 rg BT 416.92 460.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 467.87 460.10 Td (reassessed. ) Tj ET Q q 0 0 0 rg BT 515.21 460.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.73 460.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (every ) Tj ET Q q 0 0 0 rg BT 74.51 448.10 Td (five ) Tj ET Q q 0 0 0 rg BT 92.37 448.10 Td (years ) Tj ET Q q 0 0 0 rg BT 115.77 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.30 448.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 150.39 448.10 Td (government ) Tj ET Q q 0 0 0 rg BT 200.46 448.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 238.31 448.10 Td (sunset ) Tj ET Q q 0 0 0 rg BT 265.62 448.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 299.03 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.11 448.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 351.40 448.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 385.91 448.10 Td (revocation ) Tj ET Q q 0 0 0 rg BT 430.42 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.06 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.58 448.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 482.88 448.10 Td (would ) Tj ET Q q 0 0 0 rg BT 510.19 448.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 535.27 448.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 554.23 448.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (resumption ) Tj ET Q q 0 0 0 rg BT 97.74 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.82 436.10 Td (dumping ) Tj ET Q q 0 0 0 rg BT 147.13 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.31 436.10 Td (subsidization ) Tj ET Q q 0 0 0 rg BT 219.83 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.02 436.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 281.42 436.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 311.38 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.34 436.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 346.88 436.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 385.73 436.10 Td (industry) Tj ET Q q 0 0 0 rg BT 417.86 436.10 Td (.) Tj ET Q q 0 0 0 rg BT 422.30 436.10 Td (Af) Tj ET Q q 0 0 0 rg BT 432.67 436.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 472.07 436.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 512.04 436.10 Td (would ) Tj ET Q q 0 0 0 rg BT 539.79 436.10 Td (allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.90 424.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 90.58 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.05 424.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 136.17 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.51 424.10 Td (an ) Tj ET Q q 0 0 0 rg BT 160.64 424.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 202.32 424.10 Td (five ) Tj ET Q q 0 0 0 rg BT 219.55 424.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 244.84 424.10 Td (In ) Tj ET Q q 0 0 0 rg BT 254.85 424.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 278.20 424.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 302.38 424.10 Td (both ) Tj ET Q q 0 0 0 rg BT 321.85 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.75 424.10 Td (International ) Tj ET Q q 0 0 0 rg BT 388.41 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 394.16 424.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 413.06 424.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 465.31 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.44 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.34 424.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 514.81 424.10 Td (Department ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.97 412.10 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 109.48 412.10 Td (made ) Tj ET Q q 0 0 0 rg BT 134.77 412.10 Td (af) Tj ET Q q 0 0 0 rg BT 142.36 412.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 182.65 412.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 232.93 412.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 296.00 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 317.42 412.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 346.59 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.01 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 366.08 412.10 Td (new ) Tj ET Q q 0 0 0 rg BT 386.38 412.10 Td (anti-dumping ) Tj ET Q q 0 0 0 rg BT 443.90 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.98 412.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 523.37 412.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 544.79 412.10 Td (case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 90.55 400.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 110.53 400.10 Td (rod ) Tj ET Q q 0 0 0 rg BT 126.07 400.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.72 400.10 Td (China. ) Tj ET Q q 0 0 0 rg BT 176.32 400.10 Td (On ) Tj ET Q q 0 0 0 rg BT 190.75 400.10 Td (September ) Tj ET Q q 0 0 0 rg BT 235.73 400.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 245.44 400.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 270.15 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.58 400.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 304.58 400.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 353.99 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.53 400.10 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 410.62 400.10 Td (made ) Tj ET Q q 0 0 0 rg BT 434.48 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.13 400.10 Td (final ) Tj ET Q q 0 0 0 rg BT 461.67 400.10 Td (af) Tj ET Q q 0 0 0 rg BT 469.26 400.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 508.12 400.10 Td (anti-dumping ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 107.87 388.10 Td (with ) Tj ET Q q 0 0 0 rg BT 127.99 388.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 158.64 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.75 388.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 191.63 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 213.40 388.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 246.29 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.06 388.10 Td (an ) Tj ET Q q 0 0 0 rg BT 274.84 388.10 Td (af) Tj ET Q q 0 0 0 rg BT 282.42 388.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 321.41 388.10 Td (countervailing ) Tj ET Q q 0 0 0 rg BT 381.51 388.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 401.62 388.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 459.49 388.10 Td (against ) Tj ET Q q 0 0 0 rg BT 490.16 388.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 513.03 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 534.80 388.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 92.51 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.15 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.91 376.10 Td (urkey) Tj ET Q q 0 0 0 rg BT 131.02 376.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.61 376.10 Td (but ) Tj ET Q q 0 0 0 rg BT 152.47 376.10 Td (made ) Tj ET Q q 0 0 0 rg BT 177.21 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.73 376.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 221.68 376.10 Td (anti-dumping ) Tj ET Q q 0 0 0 rg BT 278.65 376.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 337.27 376.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 378.66 376.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 402.28 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 424.58 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 430.34 376.10 Td (urkey) Tj ET Q q 0 0 0 rg BT 452.46 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 458.04 376.10 Td (On ) Tj ET Q q 0 0 0 rg BT 473.34 376.10 Td (October ) Tj ET Q q 0 0 0 rg BT 508.63 376.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 524.22 376.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 549.80 376.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (International ) Tj ET Q q 0 0 0 rg BT 103.24 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.99 364.10 Td (rade ) Tj ET Q q 0 0 0 rg BT 128.51 364.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 181.40 364.10 Td (made ) Tj ET Q q 0 0 0 rg BT 205.36 364.10 Td (final ) Tj ET Q q 0 0 0 rg BT 226.00 364.10 Td (af) Tj ET Q q 0 0 0 rg BT 233.59 364.10 Td (firmative ) Tj ET Q q 0 0 0 rg BT 272.56 364.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 298.76 364.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 360.50 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.59 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.13 364.10 Td (Mexican ) Tj ET Q q 0 0 0 rg BT 422.43 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.01 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.77 364.10 Td (urkish ) Tj ET Q q 0 0 0 rg BT 472.08 364.10 Td (rebar ) Tj ET Q q 0 0 0 rg BT 494.93 364.10 Td (investigation. ) Tj ET Q q 0 0 0 rg BT 550.90 364.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.68 352.10 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 114.50 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.96 352.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 150.99 352.10 Td (government ) Tj ET Q q 0 0 0 rg BT 201.99 352.10 Td (will ) Tj ET Q q 0 0 0 rg BT 220.79 352.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 252.92 352.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 280.05 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.29 352.10 Td (future ) Tj ET Q q 0 0 0 rg BT 320.41 352.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 354.20 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.77 352.10 Td (these ) Tj ET Q q 0 0 0 rg BT 389.56 352.10 Td (products ) Tj ET Q q 0 0 0 rg BT 427.24 352.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 457.42 352.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 506.75 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.77 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.23 352.10 Td (case ) Tj ET Q q 0 0 0 rg BT 553.68 352.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 83.05 340.10 Td (due ) Tj ET Q q 0 0 0 rg BT 99.99 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.26 340.10 Td (high ) Tj ET Q q 0 0 0 rg BT 130.54 340.10 Td (anti-dumping ) Tj ET Q q 0 0 0 rg BT 186.92 340.10 Td (duties, ) Tj ET Q q 0 0 0 rg BT 215.81 340.10 Td (is ) Tj ET Q q 0 0 0 rg BT 224.98 340.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 263.01 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.29 340.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 312.99 340.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 332.15 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.43 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.37 340.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 389.63 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.91 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.62 340.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 447.12 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.95 340.10 Td (imports.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 90.82 319.10 Td (Focus) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (Use of our Seven Deep ) Tj ET Q q 0 0 0 rg BT 146.19 301.10 Td (W) Tj ET Q q 0 0 0 rg BT 154.34 301.10 Td (ater Ports to ) Tj ET Q q 0 0 0 rg BT 207.03 301.10 Td (Access Global Demand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.71 286.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 92.63 286.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 113.66 286.10 Td (water ) Tj ET Q q 0 0 0 rg BT 138.02 286.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 173.49 286.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 210.07 286.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 238.32 286.10 Td (us ) Tj ET Q q 0 0 0 rg BT 249.37 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.30 286.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 279.23 286.10 Td (load ) Tj ET Q q 0 0 0 rg BT 298.60 286.10 Td (lar) Tj ET Q q 0 0 0 rg BT 308.96 286.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 320.56 286.10 Td (vessels ) Tj ET Q q 0 0 0 rg BT 351.04 286.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 383.73 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.21 286.10 Td (trans-oceanic ) Tj ET Q q 0 0 0 rg BT 449.66 286.10 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 494.87 286.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 527.01 286.10 Td (allowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.40 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 71.69 274.10 Td (ef) Tj ET Q q 0 0 0 rg BT 79.28 274.10 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 115.11 274.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 134.29 274.10 Td (product ) Tj ET Q q 0 0 0 rg BT 167.34 274.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 202.63 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.92 274.10 Td (wherever ) Tj ET Q q 0 0 0 rg BT 252.62 274.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 286.79 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.97 274.10 Td (highest. ) Tj ET Q q 0 0 0 rg BT 329.68 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.32 274.10 Td (e ) Tj ET Q q 0 0 0 rg BT 345.27 274.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 378.31 274.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.93 274.10 Td (ef) Tj ET Q q 0 0 0 rg BT 404.52 274.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 445.34 274.10 Td (because ) Tj ET Q q 0 0 0 rg BT 479.49 274.10 Td (we ) Tj ET Q q 0 0 0 rg BT 493.66 274.10 Td (own ) Tj ET Q q 0 0 0 rg BT 513.39 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.12 274.10 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.95 262.10 Td (these ) Tj ET Q q 0 0 0 rg BT 84.12 262.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 120.06 262.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 159.61 262.10 Td (which ) Tj ET Q q 0 0 0 rg BT 186.67 262.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 219.83 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.67 262.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 277.85 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.80 262.10 Td (berthing ) Tj ET Q q 0 0 0 rg BT 324.75 262.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 352.92 262.10 Td (often ) Tj ET Q q 0 0 0 rg BT 376.08 262.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 427.01 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 439.63 262.10 Td (users ) Tj ET Q q 0 0 0 rg BT 462.80 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.75 262.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 491.34 262.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 522.29 262.10 Td (terminals, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.35 250.10 Td (because ) Tj ET Q q 0 0 0 rg BT 101.91 250.10 Td (we ) Tj ET Q q 0 0 0 rg BT 116.48 250.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.60 250.10 Td (able ) Tj ET Q q 0 0 0 rg BT 151.17 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.86 250.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 181.44 250.10 Td (bulk ) Tj ET Q q 0 0 0 rg BT 202.13 250.10 Td (car) Tj ET Q q 0 0 0 rg BT 214.16 250.10 Td (goes ) Tj ET Q q 0 0 0 rg BT 235.40 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.65 250.10 Td (up ) Tj ET Q q 0 0 0 rg BT 259.56 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.25 250.10 Td (50,000 ) Tj ET Q q 0 0 0 rg BT 300.66 250.10 Td (tons, ) Tj ET Q q 0 0 0 rg BT 322.74 250.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.10 250.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 390.21 250.10 Td (have ) Tj ET Q q 0 0 0 rg BT 412.00 250.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 437.68 250.10 Td (freight ) Tj ET Q q 0 0 0 rg BT 467.25 250.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 490.16 250.10 Td (on ) Tj ET Q q 0 0 0 rg BT 503.07 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.42 250.10 Td (per) Tj ET Q q 0 0 0 rg BT 522.99 250.10 Td (-ton ) Tj ET Q q 0 0 0 rg BT 542.01 250.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.72 238.10 Td (containerized ) Tj ET Q q 0 0 0 rg BT 126.07 238.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 169.13 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.63 238.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 206.90 238.10 Td (20 ) Tj ET Q q 0 0 0 rg BT 219.40 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.68 238.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 242.18 238.10 Td (tons.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (Acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.58 202.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.49 202.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.49 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 112.24 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 127.15 202.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 169.83 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.86 202.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 205.77 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.03 202.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 250.61 202.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 291.07 202.10 Td (through ) Tj ET Q q 0 0 0 rg BT 325.43 202.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 372.56 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.25 202.10 Td (greenfield ) Tj ET Q q 0 0 0 rg BT 434.03 202.10 Td (development ) Tj ET Q q 0 0 0 rg BT 488.94 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.52 202.10 Td (used ) Tj ET Q q 0 0 0 rg BT 522.10 202.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.57 202.10 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 94.24 190.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 136.25 190.10 Td (with ) Tj ET Q q 0 0 0 rg BT 156.05 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.40 190.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 205.08 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.42 190.10 Td (creating ) Tj ET Q q 0 0 0 rg BT 249.65 190.10 Td (syner) Tj ET Q q 0 0 0 rg BT 271.13 190.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 289.25 190.10 Td (within ) Tj ET Q q 0 0 0 rg BT 316.83 190.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 363.27 190.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 394.73 190.10 Td (where ) Tj ET Q q 0 0 0 rg BT 421.18 190.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 445.43 190.10 Td (already ) Tj ET Q q 0 0 0 rg BT 476.87 190.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 512.20 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.66 190.10 Td (building ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.26 178.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.84 178.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 114.76 178.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 152.99 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.03 178.10 Td (major ) Tj ET Q q 0 0 0 rg BT 190.61 178.10 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 244.96 178.10 Td (areas. ) Tj ET Q q 0 0 0 rg BT 271.02 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.06 178.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 293.87 178.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.46 178.10 Td (history ) Tj ET Q q 0 0 0 rg BT 341.49 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.08 178.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 398.54 178.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 433.46 178.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.48 178.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 479.96 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 502.65 178.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.56 178.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.30 166.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 132.17 166.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 164.83 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.54 166.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.40 166.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 214.48 166.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.35 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.77 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.76 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.40 166.10 Td (position ) Tj ET Q q 0 0 0 rg BT 293.84 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.82 166.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 340.47 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.45 166.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 389.31 166.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 439.29 166.10 Td (when ) Tj ET Q q 0 0 0 rg BT 463.16 166.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 505.37 166.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.35 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 540.89 166.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.83 154.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 107.20 154.10 Td (plans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 133.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.99 133.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 129.99 133.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.15 133.10 Td (made ) Tj ET Q q 0 0 0 rg BT 168.30 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.02 133.10 Td (following ) Tj ET Q q 0 0 0 rg BT 224.40 133.10 Td (acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 112.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 112.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.95 112.10 Td (November ) Tj ET Q q 0 0 0 rg BT 177.77 112.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 202.89 112.10 Td (we ) Tj ET Q q 0 0 0 rg BT 217.17 112.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 254.21 112.10 Td (all ) Tj ET Q q 0 0 0 rg BT 266.82 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.77 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.60 112.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 320.21 112.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 356.16 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.10 112.10 Td (Pick ) Tj ET Q q 0 0 0 rg BT 386.92 112.10 Td (A) Tj ET Q q 0 0 0 rg BT 393.59 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.21 112.10 Td (Part, ) Tj ET Q q 0 0 0 rg BT 417.43 112.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 437.82 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.87 112.10 Td (used ) Tj ET Q q 0 0 0 rg BT 465.82 112.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 485.66 112.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 507.71 112.10 Td (business ) Tj ET Q q 0 0 0 rg BT 544.22 112.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 100.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.44 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.11 100.10 Td (store ) Tj ET Q q 0 0 0 rg BT 163.22 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.67 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.56 100.10 Td (Olympia ) Tj ET Q q 0 0 0 rg BT 229.22 100.10 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 283.99 100.10 Td (area ) Tj ET Q q 0 0 0 rg BT 304.31 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.49 100.10 Td (W) Tj ET Q q 0 0 0 rg BT 324.13 100.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 369.19 100.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.30 100.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 438.47 100.10 Td (APB) Tj ET Q q 0 0 0 rg BT 460.70 100.10 Td (s ) Tj ET Q q 0 0 0 rg BT 468.27 100.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 506.91 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.36 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.25 100.10 Td (Pacific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 88.10 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 166.16 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.10 88.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.27 88.10 Td (near ) Tj ET Q q 0 0 0 rg BT 211.98 88.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 236.99 88.10 Td (s ) Tj ET Q q 0 0 0 rg BT 243.38 88.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 287.53 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.63 88.10 Td (T) Tj ET Q q 0 0 0 rg BT 303.04 88.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 333.95 88.10 Td (W) Tj ET Q q 0 0 0 rg BT 342.59 88.10 Td (ashington. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (10) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.99 742.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 129.99 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.15 742.10 Td (made ) Tj ET Q q 0 0 0 rg BT 168.30 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.02 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 224.40 742.10 Td (acquisitions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 721.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 721.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.94 721.10 Td (December ) Tj ET Q q 0 0 0 rg BT 176.64 721.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 201.76 721.10 Td (we ) Tj ET Q q 0 0 0 rg BT 216.03 721.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 253.07 721.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 306.24 721.10 Td (all ) Tj ET Q q 0 0 0 rg BT 318.85 721.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.79 721.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.62 721.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 370.57 721.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.51 721.10 Td (Ralph) Tj ET Q q 0 0 0 rg BT 408.18 721.10 Td (s ) Tj ET Q q 0 0 0 rg BT 414.11 721.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 436.72 721.10 Td (Supply ) Tj ET Q q 0 0 0 rg BT 467.68 721.10 Td (\(B.C.\) ) Tj ET Q q 0 0 0 rg BT 495.29 721.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 516.79 721.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.85 721.10 Td (used ) Tj ET Q q 0 0 0 rg BT 544.79 721.10 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 709.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 143.86 709.10 Td (business ) Tj ET Q q 0 0 0 rg BT 180.16 709.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.36 709.10 Td (four ) Tj ET Q q 0 0 0 rg BT 219.44 709.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 245.18 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.38 709.10 Td (Richmond ) Tj ET Q q 0 0 0 rg BT 299.46 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.32 709.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 342.33 709.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.24 709.10 Td (British ) Tj ET Q q 0 0 0 rg BT 376.89 709.10 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 421.25 709.10 Td (which ) Tj ET Q q 0 0 0 rg BT 448.10 709.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 488.30 709.10 Td (APB) Tj ET Q q 0 0 0 rg BT 510.53 709.10 Td (s ) Tj ET Q q 0 0 0 rg BT 516.84 709.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 554.24 709.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 697.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 697.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 157.01 697.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 189.50 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.44 697.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.61 697.10 Td (near ) Tj ET Q q 0 0 0 rg BT 235.32 697.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 260.33 697.10 Td (s ) Tj ET Q q 0 0 0 rg BT 266.72 697.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 310.87 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.15 697.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 347.16 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 352.16 697.10 Td (British ) Tj ET Q q 0 0 0 rg BT 381.89 697.10 Td (Columbia. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 676.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 676.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.56 676.10 Td (December ) Tj ET Q q 0 0 0 rg BT 175.87 676.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 200.60 676.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.49 676.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 251.14 676.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 303.92 676.10 Td (all ) Tj ET Q q 0 0 0 rg BT 316.15 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.71 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.15 676.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 366.71 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.27 676.10 Td (U-Pick-It, ) Tj ET Q q 0 0 0 rg BT 419.77 676.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 439.77 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.43 676.10 Td (used ) Tj ET Q q 0 0 0 rg BT 466.99 676.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 486.44 676.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 508.11 676.10 Td (business ) Tj ET Q q 0 0 0 rg BT 544.23 676.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 664.10 Td (two ) Tj ET Q q 0 0 0 rg BT 139.08 664.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 164.48 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.33 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.63 664.10 Td (Kansas ) Tj ET Q q 0 0 0 rg BT 219.58 664.10 Td (City ) Tj ET Q q 0 0 0 rg BT 238.88 664.10 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 292.06 664.10 Td (area ) Tj ET Q q 0 0 0 rg BT 310.78 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.63 664.10 Td (Missouri ) Tj ET Q q 0 0 0 rg BT 358.27 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.78 664.10 Td (Kansas, ) Tj ET Q q 0 0 0 rg BT 408.24 664.10 Td (which ) Tj ET Q q 0 0 0 rg BT 434.75 664.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 474.69 664.10 Td (APB) Tj ET Q q 0 0 0 rg BT 496.92 664.10 Td (s ) Tj ET Q q 0 0 0 rg BT 502.88 664.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 539.94 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 664.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 652.10 Td (Midwestern ) Tj ET Q q 0 0 0 rg BT 172.27 652.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 631.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 631.10 Td (In ) Tj ET Q q 0 0 0 rg BT 131.79 631.10 Td (December ) Tj ET Q q 0 0 0 rg BT 174.33 631.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 198.29 631.10 Td (we ) Tj ET Q q 0 0 0 rg BT 211.41 631.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 247.30 631.10 Td (all ) Tj ET Q q 0 0 0 rg BT 258.75 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.54 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.22 631.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 308.67 631.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 343.46 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.25 631.10 Td (Freetown ) Tj ET Q q 0 0 0 rg BT 392.48 631.10 Td (Self ) Tj ET Q q 0 0 0 rg BT 410.05 631.10 Td (Serve ) Tj ET Q q 0 0 0 rg BT 434.28 631.10 Td (Used ) Tj ET Q q 0 0 0 rg BT 455.96 631.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 477.42 631.10 Td (Parts, ) Tj ET Q q 0 0 0 rg BT 501.38 631.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 524.23 631.10 Td (Freetown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 619.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.76 619.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 157.93 619.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 187.83 619.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.74 619.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 216.54 619.10 Td (Millis ) Tj ET Q q 0 0 0 rg BT 242.85 619.10 Td (Used ) Tj ET Q q 0 0 0 rg BT 265.28 619.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 287.69 619.10 Td (Parts, ) Tj ET Q q 0 0 0 rg BT 312.60 619.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 330.28 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.13 619.10 Td (Millis ) Tj ET Q q 0 0 0 rg BT 373.44 619.10 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 417.79 619.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 437.96 619.10 Td (which ) Tj ET Q q 0 0 0 rg BT 464.81 619.10 Td (together ) Tj ET Q q 0 0 0 rg BT 499.99 619.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 536.82 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 543.67 619.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 607.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 141.88 607.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 163.99 607.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.10 607.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 204.86 607.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 229.74 607.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 269.61 607.10 Td (business ) Tj ET Q q 0 0 0 rg BT 306.17 607.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.62 607.10 Td (two ) Tj ET Q q 0 0 0 rg BT 344.28 607.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 370.28 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.73 607.10 Td (Massachusetts. ) Tj ET Q q 0 0 0 rg BT 443.47 607.10 Td (This ) Tj ET Q q 0 0 0 rg BT 463.92 607.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 510.47 607.10 Td (established ) Tj ET Q q 0 0 0 rg BT 557.57 607.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 595.10 Td (new ) Tj ET Q q 0 0 0 rg BT 140.61 595.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 162.56 595.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 200.04 595.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.32 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.03 595.10 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 279.18 595.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 299.46 595.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.40 595.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 357.21 595.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.93 595.10 Td (nearby ) Tj ET Q q 0 0 0 rg BT 401.64 595.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 426.37 595.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 574.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.45 574.10 Td (June ) Tj ET Q q 0 0 0 rg BT 152.90 574.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 177.52 574.10 Td (we ) Tj ET Q q 0 0 0 rg BT 191.30 574.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 227.85 574.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 280.52 574.10 Td (all ) Tj ET Q q 0 0 0 rg BT 292.64 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.09 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.42 574.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.87 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.32 574.10 Td (Bill) Tj ET Q q 0 0 0 rg BT 371.11 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 376.65 574.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 398.77 574.10 Td (Parts, ) Tj ET Q q 0 0 0 rg BT 423.39 574.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 440.78 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.34 574.10 Td (Perkins ) Tj ET Q q 0 0 0 rg BT 489.46 574.10 Td (Horseshoe ) Tj ET Q q 0 0 0 rg BT 533.64 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.28 574.10 Td (orks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 562.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 141.65 562.10 Td (which ) Tj ET Q q 0 0 0 rg BT 167.98 562.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 204.29 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.61 562.10 Td (used ) Tj ET Q q 0 0 0 rg BT 230.82 562.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 249.92 562.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 271.25 562.10 Td (business ) Tj ET Q q 0 0 0 rg BT 307.02 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.69 562.10 Td (one ) Tj ET Q q 0 0 0 rg BT 343.01 562.10 Td (store ) Tj ET Q q 0 0 0 rg BT 364.33 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.00 562.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 401.99 562.10 Td (Island. ) Tj ET Q q 0 0 0 rg BT 430.68 562.10 Td (This ) Tj ET Q q 0 0 0 rg BT 450.34 562.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 496.11 562.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 535.89 562.10 Td (APB) Tj ET Q q 0 0 0 rg BT 558.12 562.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 550.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 159.48 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.75 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.47 550.10 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 238.62 550.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 258.90 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.84 550.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.01 550.10 Td (near ) Tj ET Q q 0 0 0 rg BT 304.71 550.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 329.72 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 336.12 550.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 529.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.99 529.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 129.99 529.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.15 529.10 Td (made ) Tj ET Q q 0 0 0 rg BT 168.30 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.02 529.10 Td (following ) Tj ET Q q 0 0 0 rg BT 224.40 529.10 Td (acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 508.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.74 508.10 Td (June ) Tj ET Q q 0 0 0 rg BT 153.49 508.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 178.40 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 192.48 508.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 229.32 508.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 282.28 508.10 Td (all ) Tj ET Q q 0 0 0 rg BT 294.69 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.44 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.07 508.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 345.81 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.56 508.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 385.08 508.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 426.38 508.10 Td (Salvage, ) Tj ET Q q 0 0 0 rg BT 462.95 508.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 484.25 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.11 508.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 519.62 508.10 Td (recycler ) Tj ET Q q 0 0 0 rg BT 554.23 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 496.10 Td (Hinton, ) Tj ET Q q 0 0 0 rg BT 154.23 496.10 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 189.21 496.10 Td (which ) Tj ET Q q 0 0 0 rg BT 216.15 496.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 256.97 496.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 281.98 496.10 Td (s ) Tj ET Q q 0 0 0 rg BT 288.37 496.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 325.84 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.94 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 344.58 496.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 370.96 496.10 Td (Canada. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (Continuous Improvement Benefits from T) Tj ET Q q 0 0 0 rg BT 222.44 475.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 264.28 475.10 Td (, Growth Investments and Operational Ef) Tj ET Q q 0 0 0 rg BT 434.68 475.10 Td (ficiencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 460.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.79 460.10 Td (aim ) Tj ET Q q 0 0 0 rg BT 83.51 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.00 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.16 460.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.31 460.10 Td (ef) Tj ET Q q 0 0 0 rg BT 125.90 460.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 154.16 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.32 460.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 221.24 460.10 Td (producer ) Tj ET Q q 0 0 0 rg BT 259.49 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.54 460.10 Td (both ) Tj ET Q q 0 0 0 rg BT 291.04 460.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 327.62 460.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 352.55 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.70 460.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 404.64 460.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 425.68 460.10 Td (products ) Tj ET Q q 0 0 0 rg BT 462.83 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.33 460.10 Td (order ) Tj ET Q q 0 0 0 rg BT 497.15 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.64 460.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 549.79 460.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.65 448.10 Td (income ) Tj ET Q q 0 0 0 rg BT 122.97 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 137.51 448.10 Td (both ) Tj ET Q q 0 0 0 rg BT 158.18 448.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 205.01 448.10 Td (T) Tj ET Q q 0 0 0 rg BT 210.42 448.10 Td (o ) Tj ET Q q 0 0 0 rg BT 218.31 448.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 240.63 448.10 Td (this ) Tj ET Q q 0 0 0 rg BT 257.96 448.10 Td (objective, ) Tj ET Q q 0 0 0 rg BT 300.00 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 314.54 448.10 Td (have ) Tj ET Q q 0 0 0 rg BT 336.31 448.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 384.18 448.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 418.17 448.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 433.55 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.88 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 469.32 448.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 506.64 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.30 448.10 Td (emphasize, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 96.32 436.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 152.08 436.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 192.29 436.10 Td (which ) Tj ET Q q 0 0 0 rg BT 219.17 436.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 239.37 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.59 436.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 291.46 436.10 Td (production ) Tj ET Q q 0 0 0 rg BT 337.22 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 359.10 436.10 Td (shredders ) Tj ET Q q 0 0 0 rg BT 399.85 436.10 Td (using ) Tj ET Q q 0 0 0 rg BT 423.96 436.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 470.83 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.05 436.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 516.81 436.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 547.57 436.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 97.01 424.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 121.79 424.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 147.69 424.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 186.35 424.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 228.36 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.48 424.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 299.05 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.52 424.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.53 424.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 349.55 424.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 411.54 424.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 456.88 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.01 424.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 511.47 424.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 92.03 412.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 138.51 412.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.43 412.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 198.68 412.10 Td (that ) Tj ET Q q 0 0 0 rg BT 216.27 412.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 240.52 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 253.12 412.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 296.80 412.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 327.16 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 349.19 412.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 380.12 412.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 432.80 412.10 Td (The ) Tj ET Q q 0 0 0 rg BT 450.94 412.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 490.18 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.10 412.10 Td (these ) Tj ET Q q 0 0 0 rg BT 524.24 412.10 Td (programs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.18 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 69.46 400.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 103.07 400.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 126.12 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.40 400.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 170.58 400.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 211.40 400.10 Td (that ) Tj ET Q q 0 0 0 rg BT 228.91 400.10 Td (could ) Tj ET Q q 0 0 0 rg BT 253.63 400.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.58 400.10 Td (made ) Tj ET Q q 0 0 0 rg BT 289.74 400.10 Td (more ) Tj ET Q q 0 0 0 rg BT 312.79 400.10 Td (ef) Tj ET Q q 0 0 0 rg BT 320.38 400.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 348.43 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.27 400.10 Td (where ) Tj ET Q q 0 0 0 rg BT 386.20 400.10 Td (current ) Tj ET Q q 0 0 0 rg BT 417.03 400.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 470.06 400.10 Td (could ) Tj ET Q q 0 0 0 rg BT 494.78 400.10 Td (be ) Tj ET Q q 0 0 0 rg BT 506.73 400.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 547.56 400.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.19 388.10 Td (recommend ) Tj ET Q q 0 0 0 rg BT 107.80 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.64 388.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 167.82 388.10 Td (solutions ) Tj ET Q q 0 0 0 rg BT 205.34 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.75 388.10 Td (could ) Tj ET Q q 0 0 0 rg BT 245.37 388.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 279.53 388.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 316.48 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.22 388.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 354.27 388.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 375.68 388.10 Td (by ) Tj ET Q q 0 0 0 rg BT 387.08 388.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 429.59 388.10 Td (output, ) Tj ET Q q 0 0 0 rg BT 459.05 388.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 495.43 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.28 388.10 Td (productivity) Tj ET Q q 0 0 0 rg BT 559.51 388.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 374.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 367.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.63 367.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.58 367.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 109.37 367.10 Td (we ) Tj ET Q q 0 0 0 rg BT 123.33 367.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 177.83 367.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 207.33 367.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 260.72 367.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 302.46 367.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 348.07 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.14 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.66 367.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 399.39 367.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 430.00 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.63 367.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 464.58 367.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 486.88 367.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 524.72 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.80 367.10 Td (extract ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 362.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 355.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 80.93 355.10 Td (syner) Tj ET Q q 0 0 0 rg BT 102.41 355.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 121.69 355.10 Td (from ) Tj ET Q q 0 0 0 rg BT 144.31 355.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 195.26 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.87 355.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 260.48 355.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 311.43 355.10 Td (made ) Tj ET Q q 0 0 0 rg BT 336.26 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.22 355.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 374.82 355.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 401.59 355.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 435.30 355.10 Td (further ) Tj ET Q q 0 0 0 rg BT 465.69 355.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 512.18 355.10 Td (between ) Tj ET Q q 0 0 0 rg BT 548.67 355.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 350.03 514.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 343.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 80.30 343.10 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 123.93 343.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 162.58 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.42 343.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 202.51 343.10 Td (Parts ) Tj ET Q q 0 0 0 rg BT 225.59 343.10 Td (Business, ) Tj ET Q q 0 0 0 rg BT 266.74 343.10 Td (realign ) Tj ET Q q 0 0 0 rg BT 297.59 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 314.01 343.10 Td (or) Tj ET Q q 0 0 0 rg BT 322.16 343.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 366.89 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.76 343.10 Td (support ) Tj ET Q q 0 0 0 rg BT 410.84 343.10 Td (future ) Tj ET Q q 0 0 0 rg BT 437.81 343.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 469.22 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.75 343.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 524.25 343.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 338.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 331.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 89.15 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 102.21 331.10 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 155.25 331.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 195.52 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.02 331.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 251.05 331.10 Td (or) Tj ET Q q 0 0 0 rg BT 259.20 331.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 311.13 331.10 Td (layers. ) Tj ET Q q 0 0 0 rg BT 340.34 331.10 Td (These ) Tj ET Q q 0 0 0 rg BT 367.27 331.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 409.76 331.10 Td (tar) Tj ET Q q 0 0 0 rg BT 420.13 331.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 444.84 331.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.33 331.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 493.15 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.98 331.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 533.69 331.10 Td (pre-tax ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 326.03 307.14 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 319.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 319.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 112.76 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.59 319.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 141.09 319.10 Td (million ) Tj ET Q q 0 0 0 rg BT 172.49 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.42 319.10 Td (were ) Tj ET Q q 0 0 0 rg BT 211.35 319.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 255.50 319.10 Td (by ) Tj ET Q q 0 0 0 rg BT 268.00 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.72 319.10 Td (end ) Tj ET Q q 0 0 0 rg BT 299.66 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.49 319.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 334.64 319.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 305.03 111.73 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 298.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.29 298.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.91 298.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 111.38 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.00 298.10 Td (initiated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.73 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.14 298.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 234.31 298.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 288.36 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.77 298.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 357.61 298.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 400.01 298.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 450.18 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.92 298.10 Td (those ) Tj ET Q q 0 0 0 rg BT 484.99 298.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 529.60 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 298.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 70.00 293.03 40.01 -9.09 re f /GS0 gs q 0 0 0 rg BT 70.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.23 286.10 Td (designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.01 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.02 286.10 Td (further ) Tj ET Q q 0 0 0 rg BT 149.46 286.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 178.34 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.91 286.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 222.79 286.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.79 286.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 301.12 286.10 Td (by ) Tj ET Q q 0 0 0 rg BT 313.35 286.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 330.59 286.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 364.21 286.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 405.32 286.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.31 286.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 482.54 286.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.43 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.67 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.23 286.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 554.23 286.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 73.45 274.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 95.25 274.10 Td (results ) Tj ET Q q 0 0 0 rg BT 123.15 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 142.73 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.74 274.10 Td (full ) Tj ET Q q 0 0 0 rg BT 172.42 274.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 200.87 274.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 234.32 274.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 271.65 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.23 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 292.46 274.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 329.79 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.36 274.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 362.81 274.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 386.98 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 404.32 274.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 437.77 274.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 480.66 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 500.24 274.10 Td (these ) Tj ET Q q 0 0 0 rg BT 522.58 274.10 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.90 262.10 Td (occurring ) Tj ET Q q 0 0 0 rg BT 105.91 262.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 145.81 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.28 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.30 262.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 202.21 262.10 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 245.44 262.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 283.70 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 294.72 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 301.85 262.10 Td (result ) Tj ET Q q 0 0 0 rg BT 326.76 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.78 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.91 262.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 397.59 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.62 262.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 452.40 262.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 499.25 262.10 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 250.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 108.31 250.10 Td (ef) Tj ET Q q 0 0 0 rg BT 115.90 250.10 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 159.21 250.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 193.35 250.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 215.84 250.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 238.34 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.28 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 278.33 250.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 329.71 250.10 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.23 229.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.78 229.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 131.18 229.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 154.08 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.42 229.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.42 229.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.82 229.10 Td (we ) Tj ET Q q 0 0 0 rg BT 211.38 229.10 Td (spent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.39 229.10 Td ($39 ) Tj ET Q q 0 0 0 rg BT 253.29 229.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.18 229.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.58 229.10 Td ($90 ) Tj ET Q q 0 0 0 rg BT 305.48 229.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.37 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.27 229.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.61 229.10 Td ($79 ) Tj ET Q q 0 0 0 rg BT 372.51 229.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.40 229.10 Td (, ) Tj ET Q q 0 0 0 rg BT 406.80 229.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 454.46 229.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.86 229.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.76 229.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.31 229.10 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (These ) Tj ET Q q 0 0 0 rg BT 77.63 217.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.03 217.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 162.87 217.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.83 217.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 233.11 217.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.19 217.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 296.15 217.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 347.67 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.20 217.10 Td (modern ) Tj ET Q q 0 0 0 rg BT 393.50 217.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 439.46 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.98 217.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 488.06 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.02 217.10 Td (ef) Tj ET Q q 0 0 0 rg BT 511.61 217.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 547.56 217.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 98.30 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.38 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.47 205.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 170.45 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.65 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.19 205.10 Td (further ) Tj ET Q q 0 0 0 rg BT 228.15 205.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 270.34 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.43 205.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 331.95 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.04 205.10 Td (scale. ) Tj ET Q q 0 0 0 rg BT 368.29 205.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 386.60 205.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 416.01 205.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 469.86 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.40 205.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.81 205.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.81 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.57 205.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.39 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.56 193.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 117.16 193.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.88 193.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 177.48 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.31 193.10 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 252.89 193.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.52 193.10 Td (e ) Tj ET Q q 0 0 0 rg BT 268.35 193.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 306.84 193.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 326.44 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.61 193.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 362.89 193.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 423.04 193.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 440.43 193.10 Td (million ) Tj ET Q q 0 0 0 rg BT 471.71 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.88 193.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 510.92 193.10 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 181.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 92.77 181.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 131.37 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.65 181.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.81 181.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.81 181.10 Td (, ) Tj ET Q q 0 0 0 rg BT 190.81 181.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 231.07 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.90 181.10 Td (any ) Tj ET Q q 0 0 0 rg BT 258.84 181.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 287.99 181.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 341.58 181.10 Td (for ) Tj ET Q q 0 0 0 rg BT 355.74 181.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 386.57 181.10 Td (projects. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 74.27 160.10 Td (onmental Matters) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Impact of Legislation and Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 99.72 127.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.90 127.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 178.06 127.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 197.79 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.63 127.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 259.46 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.53 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.37 127.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 316.98 127.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 341.70 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.88 127.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.61 127.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 411.16 127.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 428.12 127.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 471.74 127.10 Td (are ) Tj ET Q q 0 0 0 rg BT 485.35 127.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 515.07 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.25 127.10 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (local, ) Tj ET Q q 0 0 0 rg BT 74.15 115.10 Td (state ) Tj ET Q q 0 0 0 rg BT 94.70 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.35 115.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 141.33 115.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 201.31 115.10 Td (protection, ) Tj ET Q q 0 0 0 rg BT 246.57 115.10 Td (health, ) Tj ET Q q 0 0 0 rg BT 275.72 115.10 Td (safety ) Tj ET Q q 0 0 0 rg BT 301.82 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.47 115.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 376.24 115.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 396.78 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.44 115.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 460.10 115.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 492.86 115.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 505.35 115.10 Td (among ) Tj ET Q q 0 0 0 rg BT 534.79 115.10 Td (others:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 94.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 160.33 94.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 222.26 94.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 265.31 94.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 298.91 94.10 Td (\(EP) Tj ET Q q 0 0 0 rg BT 317.43 94.10 Td (A\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 79.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 79.10 Td (Remediation ) Tj ET Q q 0 0 0 rg BT 181.05 79.10 Td (under ) Tj ET Q q 0 0 0 rg BT 211.77 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.94 79.10 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 302.65 79.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 370.03 79.10 Td (Response, ) Tj ET Q q 0 0 0 rg BT 418.81 79.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 484.54 79.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.93 79.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 547.56 79.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 67.10 Td (\(CERCLA\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 52.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 52.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 52.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 168.74 52.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 180.68 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.51 52.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 230.66 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.60 52.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 289.55 52.10 Td (into ) Tj ET Q q 0 0 0 rg BT 307.61 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.32 52.10 Td (air;) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.50 30.40 Td (1) Tj ET Q q 0 0 0 rg BT 204.95 30.40 Td (1) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 209.95 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.28 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 742.10 Td (prevention ) Tj ET Q q 0 0 0 rg BT 185.31 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.25 742.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 252.51 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.34 742.10 Td (soil ) Tj ET Q q 0 0 0 rg BT 280.29 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.22 742.10 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 350.26 742.10 Td (contamination;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 727.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 727.10 Td (management ) Tj ET Q q 0 0 0 rg BT 193.64 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.57 727.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 250.83 727.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.66 727.10 Td (wastewater ) Tj ET Q q 0 0 0 rg BT 309.14 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.08 727.10 Td (storm ) Tj ET Q q 0 0 0 rg BT 351.36 727.10 Td (water;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 712.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 151.72 712.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 183.65 712.10 Td (change;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 697.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 697.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 697.10 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 182.81 697.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 220.30 697.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 248.35 697.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 283.63 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.46 697.10 Td (solid ) Tj ET Q q 0 0 0 rg BT 316.40 697.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 341.67 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.61 697.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 401.65 697.10 Td (waste; ) Tj ET Q q 0 0 0 rg BT 429.70 697.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 682.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 183.09 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.92 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.75 682.10 Td (employees) Tj ET Q q 0 0 0 rg BT 255.10 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.60 682.10 Td (health ) Tj ET Q q 0 0 0 rg BT 284.53 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.47 682.10 Td (safety) Tj ET Q q 0 0 0 rg BT 324.70 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (These ) Tj ET Q q 0 0 0 rg BT 76.52 661.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 136.91 661.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 157.88 661.10 Td (regulate, ) Tj ET Q q 0 0 0 rg BT 195.22 661.10 Td (among ) Tj ET Q q 0 0 0 rg BT 225.08 661.10 Td (other ) Tj ET Q q 0 0 0 rg BT 248.27 661.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 277.85 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.71 661.10 Td (release ) Tj ET Q q 0 0 0 rg BT 323.10 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.18 661.10 Td (dischar) Tj ET Q q 0 0 0 rg BT 368.88 661.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 380.95 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.92 661.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 435.10 661.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 474.39 661.10 Td (into ) Tj ET Q q 0 0 0 rg BT 492.59 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.44 661.10 Td (air) Tj ET Q q 0 0 0 rg BT 517.59 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 522.73 661.10 Td (water ) Tj ET Q q 0 0 0 rg BT 547.57 661.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (ground; ) Tj ET Q q 0 0 0 rg BT 83.29 649.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 121.57 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.53 649.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 174.25 649.10 Td (materials; ) Tj ET Q q 0 0 0 rg BT 215.86 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.48 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.88 649.10 Td (identification, ) Tj ET Q q 0 0 0 rg BT 304.88 649.10 Td (storage, ) Tj ET Q q 0 0 0 rg BT 338.43 649.10 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 380.87 649.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 418.05 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.67 649.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 469.63 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.14 649.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 522.86 649.10 Td (materials. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 112.41 637.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 157.06 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.48 637.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 221.89 637.10 Td (have ) Tj ET Q q 0 0 0 rg BT 243.75 637.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 280.05 637.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 311.36 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.12 637.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 349.53 637.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 376.11 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.54 637.10 Td (it ) Tj ET Q q 0 0 0 rg BT 402.08 637.10 Td (is ) Tj ET Q q 0 0 0 rg BT 411.73 637.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 437.49 637.10 Td (that ) Tj ET Q q 0 0 0 rg BT 455.46 637.10 Td (we ) Tj ET Q q 0 0 0 rg BT 470.11 637.10 Td (will ) Tj ET Q q 0 0 0 rg BT 488.65 637.10 Td (be ) Tj ET Q q 0 0 0 rg BT 501.07 637.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 532.38 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.14 637.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (more ) Tj ET Q q 0 0 0 rg BT 73.05 625.10 Td (stringent ) Tj ET Q q 0 0 0 rg BT 110.54 625.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 170.80 625.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 211.07 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.35 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.06 625.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Concern ) Tj ET Q q 0 0 0 rg BT 85.97 604.10 Td (over ) Tj ET Q q 0 0 0 rg BT 105.83 604.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 137.36 604.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 170.27 604.10 Td (including ) Tj ET Q q 0 0 0 rg BT 210.14 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.45 604.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 253.75 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.18 604.10 Td (global ) Tj ET Q q 0 0 0 rg BT 291.27 604.10 Td (warming, ) Tj ET Q q 0 0 0 rg BT 331.41 604.10 Td (has ) Tj ET Q q 0 0 0 rg BT 346.84 604.10 Td (led ) Tj ET Q q 0 0 0 rg BT 361.15 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.02 604.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 415.33 604.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 435.21 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.74 604.10 Td (international ) Tj ET Q q 0 0 0 rg BT 504.37 604.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 547.56 604.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (legislative ) Tj ET Q q 0 0 0 rg BT 92.40 592.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 133.14 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.22 592.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 162.41 592.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 209.25 592.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.88 592.10 Td (\(GHG\) ) Tj ET Q q 0 0 0 rg BT 262.38 592.10 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 305.63 592.10 Td (In ) Tj ET Q q 0 0 0 rg BT 315.26 592.10 Td (2007, ) Tj ET Q q 0 0 0 rg BT 339.06 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.57 592.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 371.66 592.10 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 408.51 592.10 Td (Court ) Tj ET Q q 0 0 0 rg BT 432.58 592.10 Td (ruled ) Tj ET Q q 0 0 0 rg BT 454.43 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.73 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.24 592.10 Td (EP) Tj ET Q q 0 0 0 rg BT 495.00 592.10 Td (A) Tj ET Q q 0 0 0 rg BT 501.67 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.97 592.10 Td (was ) Tj ET Q q 0 0 0 rg BT 519.82 592.10 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.23 580.10 Td (regulate ) Tj ET Q q 0 0 0 rg BT 94.89 580.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 124.55 580.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 157.00 580.10 Td (under ) Tj ET Q q 0 0 0 rg BT 182.23 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.90 580.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 217.14 580.10 Td (Clean ) Tj ET Q q 0 0 0 rg BT 242.38 580.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 257.62 580.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 276.47 580.10 Td (As ) Tj ET Q q 0 0 0 rg BT 290.04 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.93 580.10 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 352.97 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.64 580.10 Td (EP) Tj ET Q q 0 0 0 rg BT 378.39 580.10 Td (A) Tj ET Q q 0 0 0 rg BT 385.06 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.52 580.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 422.74 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.64 580.10 Td (series ) Tj ET Q q 0 0 0 rg BT 454.86 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.65 580.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 509.19 580.10 Td (ef) Tj ET Q q 0 0 0 rg BT 516.78 580.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 537.57 580.10 Td (aimed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (at ) Tj ET Q q 0 0 0 rg BT 61.33 568.10 Td (addressing ) Tj ET Q q 0 0 0 rg BT 108.22 568.10 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 157.88 568.10 Td (gases ) Tj ET Q q 0 0 0 rg BT 183.66 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 196.10 568.10 Td (pollutants, ) Tj ET Q q 0 0 0 rg BT 242.17 568.10 Td (including ) Tj ET Q q 0 0 0 rg BT 284.06 568.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 317.06 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.17 568.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 361.96 568.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 405.52 568.10 Td (endanger ) Tj ET Q q 0 0 0 rg BT 446.29 568.10 Td (public ) Tj ET Q q 0 0 0 rg BT 475.40 568.10 Td (health, ) Tj ET Q q 0 0 0 rg BT 506.45 568.10 Td (implementing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 94.74 556.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 118.38 556.10 Td (emission ) Tj ET Q q 0 0 0 rg BT 155.91 556.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 194.54 556.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 251.21 556.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 279.85 556.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 309.03 556.10 Td (emission ) Tj ET Q q 0 0 0 rg BT 346.56 556.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 386.31 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.94 556.10 Td (light-duty ) Tj ET Q q 0 0 0 rg BT 441.36 556.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 476.10 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.51 556.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 519.48 556.10 Td (other ) Tj ET Q q 0 0 0 rg BT 542.00 556.10 Td (steps ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.77 544.10 Td (address ) Tj ET Q q 0 0 0 rg BT 91.76 544.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 115.42 544.10 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 159.37 544.10 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 206.35 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 221.68 544.10 Td (also ) Tj ET Q q 0 0 0 rg BT 239.78 544.10 Td (been ) Tj ET Q q 0 0 0 rg BT 260.66 544.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 299.31 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.09 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.30 544.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 343.08 544.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 382.30 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.07 544.10 Td (address ) Tj ET Q q 0 0 0 rg BT 424.06 544.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 447.72 544.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 489.16 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.60 544.10 Td (global ) Tj ET Q q 0 0 0 rg BT 532.59 544.10 Td (climate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 83.10 532.10 Td (including ) Tj ET Q q 0 0 0 rg BT 123.16 532.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 143.77 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.49 532.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 187.20 532.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 229.76 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.49 532.10 Td (some ) Tj ET Q q 0 0 0 rg BT 269.88 532.10 Td (form ) Tj ET Q q 0 0 0 rg BT 291.61 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.23 532.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 332.27 532.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 363.98 532.10 Td (change ) Tj ET Q q 0 0 0 rg BT 394.59 532.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 438.54 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 449.15 532.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 491.43 532.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 521.47 532.10 Td (regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.02 520.10 Td (possible. ) Tj ET Q q 0 0 0 rg BT 96.65 520.10 Td (In ) Tj ET Q q 0 0 0 rg BT 107.33 520.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 144.95 520.10 Td (we ) Tj ET Q q 0 0 0 rg BT 158.96 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.52 520.10 Td (required ) Tj ET Q q 0 0 0 rg BT 209.19 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.31 520.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 256.10 520.10 Td (report ) Tj ET Q q 0 0 0 rg BT 282.32 520.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 306.34 520.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 348.14 520.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.93 520.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.61 520.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 406.28 520.10 Td (mill ) Tj ET Q q 0 0 0 rg BT 424.75 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.87 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.44 520.10 Td (State ) Tj ET Q q 0 0 0 rg BT 471.79 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.47 520.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 514.81 520.10 Td (Department ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 508.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 121.97 508.10 Td (Quality ) Tj ET Q q 0 0 0 rg BT 154.07 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.62 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.94 508.10 Td (EP) Tj ET Q q 0 0 0 rg BT 195.70 508.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 207.06 508.10 Td (A) Tj ET Q q 0 0 0 rg BT 213.73 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.84 508.10 Td (number ) Tj ET Q q 0 0 0 rg BT 248.49 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.93 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 281.58 508.10 Td (states, ) Tj ET Q q 0 0 0 rg BT 308.40 508.10 Td (including ) Tj ET Q q 0 0 0 rg BT 348.29 508.10 Td (states ) Tj ET Q q 0 0 0 rg BT 372.61 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.49 508.10 Td (which ) Tj ET Q q 0 0 0 rg BT 409.04 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 422.81 508.10 Td (have ) Tj ET Q q 0 0 0 rg BT 443.79 508.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 487.55 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.10 508.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 543.13 508.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (considered, ) Tj ET Q q 0 0 0 rg BT 99.55 496.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.48 496.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 165.87 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 177.93 496.10 Td (have ) Tj ET Q q 0 0 0 rg BT 200.54 496.10 Td (already ) Tj ET Q q 0 0 0 rg BT 233.69 496.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 267.95 496.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 313.34 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.85 496.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 360.24 496.10 Td (information ) Tj ET Q q 0 0 0 rg BT 411.18 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.24 496.10 Td (address ) Tj ET Q q 0 0 0 rg BT 456.96 496.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 490.12 496.10 Td (change ) Tj ET Q q 0 0 0 rg BT 522.17 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.34 496.10 Td (GHG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 94.45 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 105.28 484.10 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 89.92 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.39 463.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 144.18 463.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.99 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.91 463.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 200.04 463.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 248.27 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 268.19 463.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 311.42 463.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 371.32 463.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 420.40 463.10 Td (we ) Tj ET Q q 0 0 0 rg BT 434.20 463.10 Td (have, ) Tj ET Q q 0 0 0 rg BT 457.72 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.64 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.99 463.10 Td (past, ) Tj ET Q q 0 0 0 rg BT 502.74 463.10 Td (been ) Tj ET Q q 0 0 0 rg BT 523.76 463.10 Td (found ) Tj ET Q q 0 0 0 rg BT 549.23 463.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.64 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 70.94 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.58 451.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 128.53 451.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.16 451.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 177.23 451.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 236.85 451.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 257.04 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.33 451.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 319.63 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.93 451.10 Td (have ) Tj ET Q q 0 0 0 rg BT 356.67 451.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 391.84 451.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 433.42 451.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 488.87 451.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 510.17 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.47 451.10 Td (penalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.94 439.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.57 439.10 Td (such ) Tj ET Q q 0 0 0 rg BT 135.75 439.10 Td (violations. ) Tj ET Q q 0 0 0 rg BT 180.54 439.10 Td (In ) Tj ET Q q 0 0 0 rg BT 191.72 439.10 Td (December ) Tj ET Q q 0 0 0 rg BT 235.65 439.10 Td (2000, ) Tj ET Q q 0 0 0 rg BT 261.00 439.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.50 439.10 Td (were ) Tj ET Q q 0 0 0 rg BT 297.78 439.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 331.73 439.10 Td (by ) Tj ET Q q 0 0 0 rg BT 344.58 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.65 439.10 Td (EP) Tj ET Q q 0 0 0 rg BT 370.40 439.10 Td (A) Tj ET Q q 0 0 0 rg BT 377.07 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.92 439.10 Td (that ) Tj ET Q q 0 0 0 rg BT 397.76 439.10 Td (we ) Tj ET Q q 0 0 0 rg BT 412.27 439.10 Td (are ) Tj ET Q q 0 0 0 rg BT 427.32 439.10 Td (one ) Tj ET Q q 0 0 0 rg BT 444.61 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.79 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.85 439.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.47 439.10 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 78.85 427.10 Td (that ) Tj ET Q q 0 0 0 rg BT 96.04 427.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 119.35 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.87 427.10 Td (operates, ) Tj ET Q q 0 0 0 rg BT 167.88 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.40 427.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 215.58 427.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 244.44 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.96 427.10 Td (operated, ) Tj ET Q q 0 0 0 rg BT 294.08 427.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 314.05 427.10 Td (which ) Tj ET Q q 0 0 0 rg BT 340.68 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 355.08 427.10 Td (part ) Tj ET Q q 0 0 0 rg BT 372.82 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.35 427.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.87 427.10 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 429.38 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.35 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.76 427.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 489.84 427.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 520.35 427.10 Td (Superfund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (site ) Tj ET Q q 0 0 0 rg BT 65.29 415.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 82.78 415.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 125.85 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.03 415.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 154.77 415.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 185.61 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.78 415.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 212.29 415.10 Td (I, ) Tj ET Q q 0 0 0 rg BT 219.52 415.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 239.24 415.10 Td (1A) Tj ET Q q 0 0 0 rg BT 250.91 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.31 415.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 415.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 288.99 415.10 Td (1) Tj ET Q q 0 0 0 rg BT 293.62 415.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.62 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.01 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.41 415.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 364.48 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.32 415.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 438.93 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.11 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.72 415.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 486.45 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.63 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.25 415.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 90.96 403.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 138.60 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.13 403.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 169.99 403.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 182.91 403.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 212.48 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.57 403.10 Td (this ) Tj ET Q q 0 0 0 rg BT 242.77 403.10 Td (report\). ) Tj ET Q q 0 0 0 rg BT 276.23 403.10 Td (In ) Tj ET Q q 0 0 0 rg BT 288.31 403.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.72 403.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.72 403.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.97 403.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.38 403.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 425.22 403.10 Td (related ) Tj ET Q q 0 0 0 rg BT 456.18 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.71 403.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 504.24 403.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 97.36 391.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.05 391.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 129.32 391.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.21 391.10 Td (, ) Tj ET Q q 0 0 0 rg BT 161.98 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.69 391.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.62 391.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 217.98 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.03 391.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 251.63 391.10 Td (up ) Tj ET Q q 0 0 0 rg BT 262.90 391.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.94 391.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 288.21 391.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.10 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 318.37 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.64 391.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 357.56 391.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 409.92 391.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.85 391.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 456.90 391.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 515.92 391.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 379.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 379.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.43 379.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Indirect Consequences of Future Legislation and Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.57 343.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 131.37 343.10 Td (regardingclimate ) Tj ET Q q 0 0 0 rg BT 202.88 343.10 Td (change ) Tj ET Q q 0 0 0 rg BT 232.46 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.16 343.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 271.08 343.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 311.79 343.10 Td (could ) Tj ET Q q 0 0 0 rg BT 335.27 343.10 Td (impose ) Tj ET Q q 0 0 0 rg BT 365.42 343.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 408.90 343.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 430.16 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 441.42 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 456.01 343.10 Td (business ) Tj ET Q q 0 0 0 rg BT 491.17 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.87 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.46 343.10 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 331.10 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 107.83 331.10 Td (including ) Tj ET Q q 0 0 0 rg BT 148.00 331.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 188.14 331.10 Td (ener) Tj ET Q q 0 0 0 rg BT 205.17 331.10 Td (gy) Tj ET Q q 0 0 0 rg BT 214.52 331.10 Td (, ) Tj ET Q q 0 0 0 rg BT 219.41 331.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 248.45 331.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 295.55 331.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 355.71 331.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 402.54 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.37 331.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 458.42 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 331.10 Td (other ) Tj ET Q q 0 0 0 rg BT 498.19 331.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 520.58 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.75 331.10 Td (order ) Tj ET Q q 0 0 0 rg BT 554.24 331.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 82.20 319.10 Td (with ) Tj ET Q q 0 0 0 rg BT 102.18 319.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 148.82 319.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 195.45 319.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 227.08 319.10 Td (change ) Tj ET Q q 0 0 0 rg BT 257.60 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.25 319.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 298.12 319.10 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 342.11 319.10 Td (The ) Tj ET Q q 0 0 0 rg BT 359.86 319.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 397.06 319.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.26 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.79 319.10 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 478.92 319.10 Td (of) Tj ET Q q 0 0 0 rg BT 487.07 319.10 Td (fsets ) Tj ET Q q 0 0 0 rg BT 507.61 319.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.14 319.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 547.00 319.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.40 307.10 Td (be ) Tj ET Q q 0 0 0 rg BT 83.03 307.10 Td (part ) Tj ET Q q 0 0 0 rg BT 101.76 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.28 307.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 134.78 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.40 307.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 180.01 307.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 220.97 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 232.48 307.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 263.44 307.10 Td (future ) Tj ET Q q 0 0 0 rg BT 290.51 307.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 334.79 307.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 375.18 307.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.57 307.10 Td (still ) Tj ET Q q 0 0 0 rg BT 408.76 307.10 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 450.95 307.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 471.35 307.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 506.20 307.10 Td (futureclimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (change ) Tj ET Q q 0 0 0 rg BT 81.92 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.97 295.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 125.24 295.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 173.28 295.10 Td (could ) Tj ET Q q 0 0 0 rg BT 199.10 295.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 244.36 295.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 275.17 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.11 295.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 321.27 295.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 342.64 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 361.24 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.18 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.11 295.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 434.27 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.31 295.10 Td (suppliers\) ) Tj ET Q q 0 0 0 rg BT 495.36 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.74 295.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 544.22 295.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.31 283.10 Td (situated ) Tj ET Q q 0 0 0 rg BT 128.96 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.29 283.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 162.37 283.10 Td (not ) Tj ET Q q 0 0 0 rg BT 177.70 283.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 208.57 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.90 283.10 Td (such ) Tj ET Q q 0 0 0 rg BT 239.78 283.10 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 287.60 283.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 342.64 283.10 Td (even ) Tj ET Q q 0 0 0 rg BT 364.06 283.10 Td (without ) Tj ET Q q 0 0 0 rg BT 397.17 283.10 Td (such ) Tj ET Q q 0 0 0 rg BT 418.04 283.10 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 463.63 283.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 503.94 283.10 Td (awareness ) Tj ET Q q 0 0 0 rg BT 547.57 283.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (any ) Tj ET Q q 0 0 0 rg BT 68.82 271.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 103.73 271.10 Td (publicity ) Tj ET Q q 0 0 0 rg BT 143.66 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.82 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.42 271.10 Td (global ) Tj ET Q q 0 0 0 rg BT 201.79 271.10 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 255.03 271.10 Td (about ) Tj ET Q q 0 0 0 rg BT 281.62 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.22 271.10 Td (GHGs ) Tj ET Q q 0 0 0 rg BT 328.15 271.10 Td (emitted ) Tj ET Q q 0 0 0 rg BT 362.52 271.10 Td (by ) Tj ET Q q 0 0 0 rg BT 376.90 271.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 424.04 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.20 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.80 271.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 483.28 271.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 524.86 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.68 271.10 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 110.81 259.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 152.20 259.10 Td (could ) Tj ET Q q 0 0 0 rg BT 176.91 259.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 199.96 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.79 259.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 258.83 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.77 259.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 304.92 259.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 344.07 259.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 378.23 259.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.39 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.22 259.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 74.94 238.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 119.87 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.58 238.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 181.40 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.34 238.10 Td (also ) Tj ET Q q 0 0 0 rg BT 210.72 238.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 249.53 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.58 238.10 Td (have ) Tj ET Q q 0 0 0 rg BT 282.73 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 295.44 238.10 Td (ef) Tj ET Q q 0 0 0 rg BT 303.03 238.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 321.29 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 334.56 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.05 238.10 Td (price ) Tj ET Q q 0 0 0 rg BT 373.31 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.91 238.10 Td (electricity) Tj ET Q q 0 0 0 rg BT 424.24 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.01 238.10 Td (especially ) Tj ET Q q 0 0 0 rg BT 473.26 238.10 Td (when ) Tj ET Q q 0 0 0 rg BT 498.20 238.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 540.33 238.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (carbon-based ) Tj ET Q q 0 0 0 rg BT 106.23 226.10 Td (fuels. ) Tj ET Q q 0 0 0 rg BT 131.08 226.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 156.22 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.36 226.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 214.25 226.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 243.84 226.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.42 226.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 282.47 226.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 318.71 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.07 226.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 371.20 226.10 Td (element ) Tj ET Q q 0 0 0 rg BT 405.77 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.02 226.10 Td (hydro-generated ) Tj ET Q q 0 0 0 rg BT 485.46 226.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 534.21 226.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 558.11 226.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 214.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 79.02 214.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 101.02 214.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.22 214.10 Td (less ) Tj ET Q q 0 0 0 rg BT 132.21 214.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 156.98 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.75 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 178.19 214.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 216.83 214.10 Td (than ) Tj ET Q q 0 0 0 rg BT 236.04 214.10 Td (those ) Tj ET Q q 0 0 0 rg BT 259.15 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.47 214.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 318.68 214.10 Td (using ) Tj ET Q q 0 0 0 rg BT 342.34 214.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 384.31 214.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 425.17 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.16 214.10 Td (carbon-based ) Tj ET Q q 0 0 0 rg BT 492.46 214.10 Td (fuels. ) Tj ET Q q 0 0 0 rg BT 516.40 214.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.72 214.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 84.30 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 98.60 202.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 122.35 202.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 147.20 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 167.06 202.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 202.46 202.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.44 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.52 202.10 Td (result ) Tj ET Q q 0 0 0 rg BT 245.38 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.35 202.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 279.00 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 299.42 202.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 320.95 202.10 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 357.47 202.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 390.66 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.08 202.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 443.15 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.01 202.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 481.76 202.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 506.61 202.10 Td (component ) Tj ET Q q 0 0 0 rg BT 553.69 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 67.49 190.10 Td (material ) Tj ET Q q 0 0 0 rg BT 102.75 190.10 Td (infeed, ) Tj ET Q q 0 0 0 rg BT 132.73 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.56 190.10 Td (melting ) Tj ET Q q 0 0 0 rg BT 176.62 190.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 200.21 190.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 224.93 190.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 261.31 190.10 Td (less ) Tj ET Q q 0 0 0 rg BT 278.81 190.10 Td (ener) Tj ET Q q 0 0 0 rg BT 295.84 190.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 308.34 190.10 Td (than ) Tj ET Q q 0 0 0 rg BT 328.06 190.10 Td (is ) Tj ET Q q 0 0 0 rg BT 337.23 190.10 Td (required ) Tj ET Q q 0 0 0 rg BT 373.04 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.20 190.10 Td (melting ) Tj ET Q q 0 0 0 rg BT 420.25 190.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 438.86 190.10 Td (ore.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.17 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.33 169.10 Td (use ) Tj ET Q q 0 0 0 rg BT 103.61 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.89 169.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 149.70 169.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 167.75 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.14 169.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 204.41 169.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 234.69 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.97 169.10 Td (iron ) Tj ET Q q 0 0 0 rg BT 263.02 169.10 Td (ore ) Tj ET Q q 0 0 0 rg BT 277.74 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.47 169.10 Td (make ) Tj ET Q q 0 0 0 rg BT 311.07 169.10 Td (new ) Tj ET Q q 0 0 0 rg BT 329.68 169.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 349.95 169.10 Td (results ) Tj ET Q q 0 0 0 rg BT 378.01 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.73 169.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 419.68 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.41 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.57 169.10 Td (consumption ) Tj ET Q q 0 0 0 rg BT 497.19 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.47 169.10 Td (ener) Tj ET Q q 0 0 0 rg BT 524.49 169.10 Td (gy) Tj ET Q q 0 0 0 rg BT 533.84 169.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.29 169.10 Td (vir) Tj ET Q q 0 0 0 rg BT 549.22 169.10 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 88.94 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.67 157.10 Td (water ) Tj ET Q q 0 0 0 rg BT 130.16 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.89 157.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 179.72 157.10 Td (mining ) Tj ET Q q 0 0 0 rg BT 210.34 157.10 Td (wastes, ) Tj ET Q q 0 0 0 rg BT 241.79 157.10 Td (we ) Tj ET Q q 0 0 0 rg BT 255.74 157.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 286.90 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.52 157.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 338.67 157.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 363.17 157.10 Td (products ) Tj ET Q q 0 0 0 rg BT 399.90 157.10 Td (position ) Tj ET Q q 0 0 0 rg BT 434.42 157.10 Td (us ) Tj ET Q q 0 0 0 rg BT 445.60 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.66 157.10 Td (be ) Tj ET Q q 0 0 0 rg BT 467.39 157.10 Td (more ) Tj ET Q q 0 0 0 rg BT 490.23 157.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 539.72 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 157.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.04 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 89.86 145.10 Td (business ) Tj ET Q q 0 0 0 rg BT 125.91 145.10 Td (from ) Tj ET Q q 0 0 0 rg BT 147.51 145.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 192.43 145.10 Td (wishing ) Tj ET Q q 0 0 0 rg BT 226.26 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.20 145.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 265.00 145.10 Td (their ) Tj ET Q q 0 0 0 rg BT 285.49 145.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 314.85 145.10 Td (footprint ) Tj ET Q q 0 0 0 rg BT 352.01 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.61 145.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 397.98 145.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.14 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.51 145.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 479.72 145.10 Td (In ) Tj ET Q q 0 0 0 rg BT 490.21 145.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 527.64 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 543.13 145.10 Td (EAF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 90.25 133.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 115.51 133.10 Td (GHG ) Tj ET Q q 0 0 0 rg BT 139.68 133.10 Td (emissions ) Tj ET Q q 0 0 0 rg BT 181.63 133.10 Td (than ) Tj ET Q q 0 0 0 rg BT 201.34 133.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 244.94 133.10 Td (blast ) Tj ET Q q 0 0 0 rg BT 266.33 133.10 Td (furnaces.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (Physical Impacts of Climate Change on Our Costs and Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (There ) Tj ET Q q 0 0 0 rg BT 74.98 97.10 Td (has ) Tj ET Q q 0 0 0 rg BT 89.98 97.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.52 97.10 Td (public ) Tj ET Q q 0 0 0 rg BT 137.18 97.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 180.51 97.10 Td (that ) Tj ET Q q 0 0 0 rg BT 197.17 97.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 228.27 97.10 Td (change ) Tj ET Q q 0 0 0 rg BT 258.25 97.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.13 97.10 Td (be ) Tj ET Q q 0 0 0 rg BT 288.23 97.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 330.99 97.10 Td (with ) Tj ET Q q 0 0 0 rg BT 350.43 97.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 374.88 97.10 Td (sea ) Tj ET Q q 0 0 0 rg BT 389.31 97.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 414.30 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.30 97.10 Td (well ) Tj ET Q q 0 0 0 rg BT 443.18 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.17 97.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 487.04 97.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 520.35 97.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.60 85.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.19 85.10 Td (more ) Tj ET Q q 0 0 0 rg BT 104.01 85.10 Td (intense ) Tj ET Q q 0 0 0 rg BT 134.60 85.10 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 181.01 85.10 Td (thunderstorms, ) Tj ET Q q 0 0 0 rg BT 243.00 85.10 Td (tornadoes ) Tj ET Q q 0 0 0 rg BT 284.14 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.85 85.10 Td (snow ) Tj ET Q q 0 0 0 rg BT 324.23 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.82 85.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 348.75 85.10 Td (storms. ) Tj ET Q q 0 0 0 rg BT 380.18 85.10 Td (Extreme ) Tj ET Q q 0 0 0 rg BT 416.32 85.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 450.24 85.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 494.17 85.10 Td (may ) Tj ET Q q 0 0 0 rg BT 513.65 85.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 548.67 85.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.24 73.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.82 73.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 107.27 73.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 140.60 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.62 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.20 73.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 205.37 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.05 73.10 Td (any ) Tj ET Q q 0 0 0 rg BT 238.73 73.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 272.07 73.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 309.30 73.10 Td (from ) Tj ET Q q 0 0 0 rg BT 330.98 73.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 365.43 73.10 Td (weather ) Tj ET Q q 0 0 0 rg BT 399.32 73.10 Td (may ) Tj ET Q q 0 0 0 rg BT 418.78 73.10 Td (not ) Tj ET Q q 0 0 0 rg BT 433.80 73.10 Td (be ) Tj ET Q q 0 0 0 rg BT 445.48 73.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 466.61 73.10 Td (insured. ) Tj ET Q q 0 0 0 rg BT 500.29 73.10 Td (As ) Tj ET Q q 0 0 0 rg BT 513.65 73.10 Td (many ) Tj ET Q q 0 0 0 rg BT 538.11 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 73.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 89.48 61.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 126.19 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.68 61.10 Td (located ) Tj ET Q q 0 0 0 rg BT 171.83 61.10 Td (near ) Tj ET Q q 0 0 0 rg BT 191.32 61.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 212.48 61.10 Td (water ) Tj ET Q q 0 0 0 rg BT 236.96 61.10 Td (ports, ) Tj ET Q q 0 0 0 rg BT 261.74 61.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 314.01 61.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 339.07 61.10 Td (sea ) Tj ET Q q 0 0 0 rg BT 354.12 61.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 379.73 61.10 Td (may ) Tj ET Q q 0 0 0 rg BT 399.22 61.10 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 429.28 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 444.89 61.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 472.72 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.78 61.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 513.93 61.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 537.30 61.10 Td (metal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (process ) Tj ET Q q 0 0 0 rg BT 83.30 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.83 49.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 123.24 49.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 148.77 49.10 Td (through ) Tj ET Q q 0 0 0 rg BT 183.19 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.83 49.10 Td (mega-shredders ) Tj ET Q q 0 0 0 rg BT 266.45 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.20 49.10 Td (ship ) Tj ET Q q 0 0 0 rg BT 304.19 49.10 Td (product ) Tj ET Q q 0 0 0 rg BT 338.05 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.14 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.78 49.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 412.14 49.10 Td (Periods ) Tj ET Q q 0 0 0 rg BT 445.45 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.10 49.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 496.50 49.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 530.35 49.10 Td (weather ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (12) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.18 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 113.92 742.10 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 142.55 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.29 742.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 186.48 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.33 742.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 220.95 742.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 245.68 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.98 742.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 280.73 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.69 742.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 321.33 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.29 742.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 383.56 742.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 418.84 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.58 742.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 450.56 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 477.52 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 502.25 742.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 526.98 742.10 Td (us ) Tj ET Q q 0 0 0 rg BT 538.39 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.69 742.10 Td (fail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.38 730.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 82.41 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.34 730.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 120.38 730.10 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 179.91 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 190.84 730.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 228.72 730.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 268.53 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 300.57 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.50 730.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 351.85 730.10 Td (temperature ) Tj ET Q q 0 0 0 rg BT 402.20 730.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 428.12 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.50 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.32 730.10 Td (summer ) Tj ET Q q 0 0 0 rg BT 488.13 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.51 730.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 521.65 730.10 Td (where ) Tj ET Q q 0 0 0 rg BT 548.68 730.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.95 718.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 116.11 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 130.82 718.10 Td (located ) Tj ET Q q 0 0 0 rg BT 162.19 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 186.90 718.10 Td (result ) Tj ET Q q 0 0 0 rg BT 211.62 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.90 718.10 Td (less ) Tj ET Q q 0 0 0 rg BT 239.40 718.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 278.55 718.10 Td (traf) Tj ET Q q 0 0 0 rg BT 292.25 718.10 Td (fic, ) Tj ET Q q 0 0 0 rg BT 307.80 718.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 326.97 718.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 364.46 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.74 718.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 408.89 718.10 Td (admissions ) Tj ET Q q 0 0 0 rg BT 455.83 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.77 718.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 494.71 718.10 Td (sales.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.53 679.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.27 679.10 Td (September30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.45 679.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.45 679.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.36 679.10 Td (we ) Tj ET Q q 0 0 0 rg BT 173.44 679.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.29 679.10 Td (3,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.79 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.20 679.10 Td (full-time ) Tj ET Q q 0 0 0 rg BT 252.60 679.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 300.28 679.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 343.25 679.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.00 679.10 Td (1,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.91 679.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 424.09 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 433.72 679.10 Td (MRB, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.86 679.10 Td (1,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.36 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.78 679.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 530.95 679.10 Td (at ) Tj ET Q q 0 0 0 rg BT 540.05 679.10 Td (APB, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 66.31 667.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 110.39 667.10 Td (at ) Tj ET Q q 0 0 0 rg BT 118.93 667.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 141.36 667.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.12 667.10 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.12 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.43 667.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 212.50 667.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 271.02 667.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 317.60 667.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 329.47 667.10 Td (these ) Tj ET Q q 0 0 0 rg BT 351.33 667.10 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.91 667.10 Td (740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.91 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.22 667.10 Td (were ) Tj ET Q q 0 0 0 rg BT 434.97 667.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 467.93 667.10 Td (by ) Tj ET Q q 0 0 0 rg BT 479.24 667.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 519.42 667.10 Td (bar) Tj ET Q q 0 0 0 rg BT 532.01 667.10 Td (gaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 99.97 655.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.60 655.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 140.80 655.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 175.09 655.10 Td (with ) Tj ET Q q 0 0 0 rg BT 194.95 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.25 655.10 Td (United ) Tj ET Q q 0 0 0 rg BT 238.55 655.10 Td (Steelworkers ) Tj ET Q q 0 0 0 rg BT 292.84 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.80 655.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 341.81 655.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.33 655.10 Td (covers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.51 655.10 Td (314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.51 655.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.60 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.01 655.10 Td (these ) Tj ET Q q 0 0 0 rg BT 446.64 655.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 493.99 655.10 Td (was ) Tj ET Q q 0 0 0 rg BT 511.62 655.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 547.57 655.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (ratified ) Tj ET Q q 0 0 0 rg BT 81.37 643.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.65 643.10 Td (June ) Tj ET Q q 0 0 0 rg BT 112.48 643.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 134.98 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.92 643.10 Td (will ) Tj ET Q q 0 0 0 rg BT 169.98 643.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 197.46 643.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.96 643.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 253.56 643.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.56 643.10 Td (. ) Tj ET Q q 0 0 0 rg BT 278.38 643.10 Td (W) Tj ET Q q 0 0 0 rg BT 287.02 643.10 Td (e ) Tj ET Q q 0 0 0 rg BT 293.96 643.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 325.33 643.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.82 643.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.10 643.10 Td (general ) Tj ET Q q 0 0 0 rg BT 385.02 643.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.85 643.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 423.90 643.10 Td (relations ) Tj ET Q q 0 0 0 rg BT 460.83 643.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.54 643.10 Td (good.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 622.10 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.86 604.10 Td (internet ) Tj ET Q q 0 0 0 rg BT 102.71 604.10 Td (address ) Tj ET Q q 0 0 0 rg BT 136.02 604.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 145.99609375 602.7669921875 m 243.6474609375 602.7669921875 l s q 0 0 0 rg BT 146.00 604.10 Td (www) Tj ET Q q 0 0 0 rg BT 167.01 604.10 Td (.schnitzersteel.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 604.10 Td (. ) Tj ET Q q 0 0 0 rg BT 249.22 604.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.08 604.10 Td (content ) Tj ET Q q 0 0 0 rg BT 300.82 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.46 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.10 604.10 Td (website ) Tj ET Q q 0 0 0 rg BT 362.96 604.10 Td (is ) Tj ET Q q 0 0 0 rg BT 372.94 604.10 Td (not ) Tj ET Q q 0 0 0 rg BT 389.03 604.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 442.87 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 456.18 604.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 496.67 604.10 Td (into ) Tj ET Q q 0 0 0 rg BT 515.54 604.10 Td (this ) Tj ET Q q 0 0 0 rg BT 532.57 604.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 79.56 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 91.90 592.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 115.91 592.10 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 141.13 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 149.77 592.10 Td (e ) Tj ET Q q 0 0 0 rg BT 156.55 592.10 Td (make ) Tj ET Q q 0 0 0 rg BT 180.54 592.10 Td (available ) Tj ET Q q 0 0 0 rg BT 218.97 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 231.31 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.98 592.10 Td (website, ) Tj ET Q q 0 0 0 rg BT 282.37 592.10 Td (free ) Tj ET Q q 0 0 0 rg BT 300.25 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.92 592.10 Td (char) Tj ET Q q 0 0 0 rg BT 327.94 592.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 342.22 592.10 Td (under ) Tj ET Q q 0 0 0 rg BT 367.33 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.89 592.10 Td (caption ) Tj ET Q q 0 0 0 rg BT 413.66 592.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 457.10 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.44 592.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 485.12 592.10 Td (Filings ) Tj ET Q q 0 0 0 rg BT 519.69 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.36 592.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 80.68 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 93.59 580.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 118.17 580.10 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 144.14 580.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 183.14 580.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 213.82 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.73 580.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 251.32 580.10 Td (10-Q, ) Tj ET Q q 0 0 0 rg BT 277.28 580.10 Td (current ) Tj ET Q q 0 0 0 rg BT 308.51 580.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 339.19 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.10 580.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 376.68 580.10 Td (8-K, ) Tj ET Q q 0 0 0 rg BT 397.64 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.99 580.10 Td (any ) Tj ET Q q 0 0 0 rg BT 432.34 580.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 485.80 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 496.49 580.10 Td (those ) Tj ET Q q 0 0 0 rg BT 520.51 580.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 553.69 580.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 73.12 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 85.69 568.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 133.24 568.10 Td (practicable ) Tj ET Q q 0 0 0 rg BT 181.33 568.10 Td (after ) Tj ET Q q 0 0 0 rg BT 203.87 568.10 Td (electronically ) Tj ET Q q 0 0 0 rg BT 262.52 568.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 288.42 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.43 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.99 568.10 Td (furnishing ) Tj ET Q q 0 0 0 rg BT 368.33 568.10 Td (such ) Tj ET Q q 0 0 0 rg BT 390.90 568.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 431.78 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.79 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.24 568.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 503.91 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.58 568.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 103.07 556.10 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 139.44 556.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 176.38 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.66 556.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 223.05 556.10 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 246.65 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 257.48 556.10 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 281.64 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.47 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.18 556.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 349.12 556.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 390.49 556.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 407.43 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.26 556.10 Td (1934.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (From ) Tj ET Q q 0 0 0 rg BT 74.58 535.10 Td (time ) Tj ET Q q 0 0 0 rg BT 95.27 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.96 535.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 129.14 535.10 Td (we ) Tj ET Q q 0 0 0 rg BT 143.71 535.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.84 535.10 Td (use ) Tj ET Q q 0 0 0 rg BT 180.08 535.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.33 535.10 Td (website ) Tj ET Q q 0 0 0 rg BT 229.78 535.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.03 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 248.38 535.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 282.38 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.62 535.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 342.65 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.89 535.10 Td (material ) Tj ET Q q 0 0 0 rg BT 389.56 535.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 431.36 535.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 483.98 535.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 524.10 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 535.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.15 523.10 Td (information ) Tj ET Q q 0 0 0 rg BT 132.75 523.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 172.45 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 187.17 523.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.45 523.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.51 523.10 Td (routinely ) Tj ET Q q 0 0 0 rg BT 273.00 523.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 300.50 523.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.89 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.71 523.10 Td (accessible ) Tj ET Q q 0 0 0 rg BT 369.64 523.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 378.2421875 521.7669921875 m 559.501953125 521.7669921875 l s q 0 0 0 rg BT 378.24 523.10 Td (http://www) Tj ET Q q 0 0 0 rg BT 423.15 523.10 Td (.schnitzersteel.com/investors.aspx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 523.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.95 511.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 96.84 511.10 Td (you ) Tj ET Q q 0 0 0 rg BT 113.46 511.10 Td (may ) Tj ET Q q 0 0 0 rg BT 132.29 511.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 188.33 511.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 218.81 511.10 Td (e-mail ) Tj ET Q q 0 0 0 rg BT 245.97 511.10 Td (alerts ) Tj ET Q q 0 0 0 rg BT 269.25 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.30 511.10 Td (other ) Tj ET Q q 0 0 0 rg BT 307.47 511.10 Td (information ) Tj ET Q q 0 0 0 rg BT 356.30 511.10 Td (about ) Tj ET Q q 0 0 0 rg BT 380.13 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 395.08 511.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 435.58 511.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.20 511.10 Td (enrolling ) Tj ET Q q 0 0 0 rg BT 484.92 511.10 Td (your ) Tj ET Q q 0 0 0 rg BT 504.87 511.10 Td (e-mail ) Tj ET Q q 0 0 0 rg BT 532.03 511.10 Td (address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 499.10 Td (visiting ) Tj ET Q q 0 0 0 rg BT 95.00 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.72 499.10 Td (E-mail ) Tj ET Q q 0 0 0 rg BT 143.32 499.10 Td (Alerts ) Tj ET Q q 0 0 0 rg BT 174.70 499.10 Td (section ) Tj ET Q q 0 0 0 rg BT 205.52 499.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 215.2392578125 497.7669921875 m 396.4990234375 497.7669921875 l s q 0 0 0 rg BT 215.24 499.10 Td (http://www) Tj ET Q q 0 0 0 rg BT 260.15 499.10 Td (.schnitzersteel.com/investors.aspx) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 499.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (ITEM1A. RISK F) Tj ET Q q 0 0 0 rg BT 128.71 478.10 Td (ACT) Tj ET Q q 0 0 0 rg BT 149.64 478.10 Td (ORS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (Described ) Tj ET Q q 0 0 0 rg BT 94.11 461.10 Td (below ) Tj ET Q q 0 0 0 rg BT 122.13 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 137.91 461.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 162.88 461.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.89 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 206.67 461.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 256.33 461.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.23 461.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 294.59 461.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 327.60 461.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 365.06 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.41 461.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 395.54 461.10 Td (Business, ) Tj ET Q q 0 0 0 rg BT 441.62 461.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 467.97 461.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 500.99 461.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 538.44 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 461.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 96.65 449.10 Td (Environment ) Tj ET Q q 0 0 0 rg BT 155.51 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.16 449.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 197.15 449.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 228.81 449.10 Td (Relating ) Tj ET Q q 0 0 0 rg BT 264.90 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.89 449.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 292.66 449.10 Td (Employees, ) Tj ET Q q 0 0 0 rg BT 346.24 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 363.45 449.10 Td (could ) Tj ET Q q 0 0 0 rg BT 387.88 449.10 Td (have ) Tj ET Q q 0 0 0 rg BT 408.97 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.62 449.10 Td (material ) Tj ET Q q 0 0 0 rg BT 450.60 449.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 483.35 449.10 Td (ef) Tj ET Q q 0 0 0 rg BT 490.94 449.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 508.13 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.35 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.89 449.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 437.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 107.78 437.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.41 437.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 185.83 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.91 437.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 223.33 437.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 248.19 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.17 437.10 Td (could ) Tj ET Q q 0 0 0 rg BT 284.03 437.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 308.89 437.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 335.41 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 364.16 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.58 437.10 Td (dif) Tj ET Q q 0 0 0 rg BT 385.51 437.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 399.26 437.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 442.44 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 464.53 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.39 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 508.14 437.10 Td (contemplated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.90 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.02 425.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 146.45 425.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 191.56 425.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 233.33 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.01 425.10 Td (this ) Tj ET Q q 0 0 0 rg BT 260.72 425.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 293.06 425.10 Td (Report. ) Tj ET Q q 0 0 0 rg BT 325.67 425.10 Td (See ) Tj ET Q q 0 0 0 rg BT 343.01 425.10 Td (Forward-Looking ) Tj ET Q q 0 0 0 rg BT 421.45 425.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 472.67 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 490.56 425.10 Td (precedes ) Tj ET Q q 0 0 0 rg BT 528.44 425.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 547.45 425.10 Td (I ) Tj ET Q q 0 0 0 rg BT 553.68 425.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (this ) Tj ET Q q 0 0 0 rg BT 66.71 413.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 94.84 413.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 139.88 413.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 161.02 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.72 413.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 231.07 413.10 Td (that ) Tj ET Q q 0 0 0 rg BT 248.32 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.24 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 276.71 413.10 Td (unaware ) Tj ET Q q 0 0 0 rg BT 312.83 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.42 413.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.01 413.10 Td (that ) Tj ET Q q 0 0 0 rg BT 351.26 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.18 413.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 403.53 413.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 427.45 413.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 473.02 413.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.49 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.53 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.01 413.10 Td (future ) Tj ET Q q 0 0 0 rg BT 543.14 413.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 401.10 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 401.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 125.23 401.10 Td (ef) Tj ET Q q 0 0 0 rg BT 132.82 401.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 150.31 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.81 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.64 401.10 Td (results ) Tj ET Q q 0 0 0 rg BT 207.25 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.08 401.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 264.73 401.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.21 401.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 342.49 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.42 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 379.69 401.10 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.70 380.10 Td ( Business) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 89.18 362.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 111.15 362.10 Td (related ) Tj ET Q q 0 0 0 rg BT 141.43 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.17 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.91 362.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 227.88 362.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 262.62 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.91 362.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 310.99 362.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 343.52 362.10 Td (may ) Tj ET Q q 0 0 0 rg BT 362.69 362.10 Td (be ) Tj ET Q q 0 0 0 rg BT 374.09 362.10 Td (material ) Tj ET Q q 0 0 0 rg BT 410.50 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.24 362.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.66 362.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 475.84 362.10 Td (position ) Tj ET Q q 0 0 0 rg BT 510.59 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.12 362.10 Td (liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.05 347.10 Td (December ) Tj ET Q q 0 0 0 rg BT 104.86 347.10 Td (2000, ) Tj ET Q q 0 0 0 rg BT 130.08 347.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.46 347.10 Td (were ) Tj ET Q q 0 0 0 rg BT 166.61 347.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 200.44 347.10 Td (by ) Tj ET Q q 0 0 0 rg BT 213.16 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.10 347.10 Td (EP) Tj ET Q q 0 0 0 rg BT 238.85 347.10 Td (A) Tj ET Q q 0 0 0 rg BT 245.52 347.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.24 347.10 Td (under ) Tj ET Q q 0 0 0 rg BT 273.74 347.10 Td (CERCLA) Tj ET Q q 0 0 0 rg BT 312.63 347.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.35 347.10 Td (that ) Tj ET Q q 0 0 0 rg BT 333.07 347.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.45 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.38 347.10 Td (one ) Tj ET Q q 0 0 0 rg BT 379.54 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.60 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.53 347.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 451.03 347.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 499.29 347.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 528.67 347.10 Td (\(PRP\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.19 335.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 90.50 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.02 335.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 136.53 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.06 335.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 184.24 335.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 213.09 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.62 335.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 260.24 335.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 280.21 335.10 Td (which ) Tj ET Q q 0 0 0 rg BT 306.84 335.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.25 335.10 Td (part ) Tj ET Q q 0 0 0 rg BT 338.99 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.51 335.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.04 335.10 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 395.54 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.52 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.93 335.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 456.01 335.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 486.52 335.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 530.38 335.10 Td (site ) Tj ET Q q 0 0 0 rg BT 546.46 335.10 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (Site\). ) Tj ET Q q 0 0 0 rg BT 82.97 323.10 Td (The ) Tj ET Q q 0 0 0 rg BT 101.43 323.10 Td (precise ) Tj ET Q q 0 0 0 rg BT 132.67 323.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 160.57 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.93 323.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 205.28 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.52 323.10 Td (any ) Tj ET Q q 0 0 0 rg BT 233.88 323.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 267.89 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.14 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.27 323.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 315.25 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.38 323.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 359.96 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.65 323.10 Td (be ) Tj ET Q q 0 0 0 rg BT 383.01 323.10 Td (involved, ) Tj ET Q q 0 0 0 rg BT 423.42 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.55 323.10 Td (process ) Tj ET Q q 0 0 0 rg BT 471.46 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.16 323.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.51 323.10 Td (followed ) Tj ET Q q 0 0 0 rg BT 532.98 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 547.56 323.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 83.72 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.78 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.62 311.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 157.67 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.63 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.47 311.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 206.09 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 220.37 311.10 Td (any ) Tj ET Q q 0 0 0 rg BT 237.44 311.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 271.15 311.10 Td (among ) Tj ET Q q 0 0 0 rg BT 300.99 311.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 349.16 311.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 378.44 311.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.94 311.10 Td (not ) Tj ET Q q 0 0 0 rg BT 415.34 311.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 430.18 311.10 Td (been ) Tj ET Q q 0 0 0 rg BT 451.69 311.10 Td (determined, ) Tj ET Q q 0 0 0 rg BT 501.79 311.10 Td (but ) Tj ET Q q 0 0 0 rg BT 517.19 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 311.10 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.03 299.10 Td (identifying ) Tj ET Q q 0 0 0 rg BT 105.61 299.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 147.29 299.10 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 170.67 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.81 299.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 228.50 299.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 269.63 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.65 299.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 301.35 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.72 299.10 Td (underway) Tj ET Q q 0 0 0 rg BT 348.50 299.10 Td (. ) Tj ET Q q 0 0 0 rg BT 352.32 299.10 Td (A) Tj ET Q q 0 0 0 rg BT 358.99 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.69 299.10 Td (group ) Tj ET Q q 0 0 0 rg BT 385.71 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.74 299.10 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 419.12 299.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 452.45 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.93 299.10 Td (as ) Tj ET Q q 0 0 0 rg BT 471.95 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.87 299.10 Td (Lower ) Tj ET Q q 0 0 0 rg BT 517.98 299.10 Td (W) Tj ET Q q 0 0 0 rg BT 527.02 299.10 Td (illamette ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 84.85 287.10 Td (\(L) Tj ET Q q 0 0 0 rg BT 97.99 287.10 Td (WG\) ) Tj ET Q q 0 0 0 rg BT 127.27 287.10 Td (is ) Tj ET Q q 0 0 0 rg BT 138.80 287.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 188.10 287.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.40 287.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 237.24 287.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 293.76 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.06 287.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 357.91 287.10 Td (study ) Tj ET Q q 0 0 0 rg BT 384.44 287.10 Td (\(RI/FS\) ) Tj ET Q q 0 0 0 rg BT 428.74 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.38 287.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 477.34 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.64 287.10 Td (characterize ) Tj ET Q q 0 0 0 rg BT 549.79 287.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 109.61 275.10 Td (at ) Tj ET Q q 0 0 0 rg BT 119.22 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.84 275.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 151.79 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.63 275.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 202.68 275.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 247.28 275.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 294.66 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.83 275.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 354.99 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.72 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.33 275.10 Td (contamination. ) Tj ET Q q 0 0 0 rg BT 442.44 275.10 Td (On ) Tj ET Q q 0 0 0 rg BT 457.06 275.10 Td (March ) Tj ET Q q 0 0 0 rg BT 485.56 275.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 500.46 275.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 525.36 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.97 275.10 Td (L) Tj ET Q q 0 0 0 rg BT 545.34 275.10 Td (WG ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 91.94 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.22 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.94 263.10 Td (EP) Tj ET Q q 0 0 0 rg BT 127.69 263.10 Td (A) Tj ET Q q 0 0 0 rg BT 134.36 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.86 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.80 263.10 Td (made ) Tj ET Q q 0 0 0 rg BT 177.95 263.10 Td (available ) Tj ET Q q 0 0 0 rg BT 216.54 263.10 Td (on ) Tj ET Q q 0 0 0 rg BT 229.04 263.10 Td (its ) Tj ET Q q 0 0 0 rg BT 240.99 263.10 Td (website ) Tj ET Q q 0 0 0 rg BT 274.04 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.98 263.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 302.35 263.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 344.84 263.10 Td (study ) Tj ET Q q 0 0 0 rg BT 369.01 263.10 Td (\(draft ) Tj ET Q q 0 0 0 rg BT 398.16 263.10 Td (FS\) ) Tj ET Q q 0 0 0 rg BT 419.55 263.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.71 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.43 263.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 466.48 263.10 Td (based ) Tj ET Q q 0 0 0 rg BT 491.75 263.10 Td (on ) Tj ET Q q 0 0 0 rg BT 504.25 263.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.22 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.05 251.10 Td (years ) Tj ET Q q 0 0 0 rg BT 88.98 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.14 251.10 Td (work ) Tj ET Q q 0 0 0 rg BT 123.52 251.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.79 251.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 163.62 251.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.51 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.34 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.95 251.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 228.79 251.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 269.38 251.10 Td (by ) Tj ET Q q 0 0 0 rg BT 282.21 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.26 251.10 Td (L) Tj ET Q q 0 0 0 rg BT 302.63 251.10 Td (WG ) Tj ET Q q 0 0 0 rg BT 322.12 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.28 251.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 387.77 251.10 Td (related. ) Tj ET Q q 0 0 0 rg BT 420.10 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 438.48 251.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 460.18 251.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 474.14 251.10 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.18 251.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.40 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.23 251.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 87.54 239.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 136.18 239.10 Td (which ) Tj ET Q q 0 0 0 rg BT 163.18 239.10 Td (range ) Tj ET Q q 0 0 0 rg BT 187.95 239.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.28 239.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 239.16 239.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 257.83 239.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.82 239.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.14 239.10 Td ($170 ) Tj ET Q q 0 0 0 rg BT 362.70 239.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.59 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.14 239.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.48 239.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 427.04 239.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.93 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.49 239.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 476.59 239.10 Td (present ) Tj ET Q q 0 0 0 rg BT 508.03 239.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 535.57 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 239.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (least ) Tj ET Q q 0 0 0 rg BT 70.43 227.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 96.43 227.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 140.73 227.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.62 227.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.48 227.10 Td ($1.08 ) Tj ET Q q 0 0 0 rg BT 235.09 227.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.20 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.31 227.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.19 227.10 Td ($1.76 ) Tj ET Q q 0 0 0 rg BT 297.80 227.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.91 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.02 227.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 343.67 227.10 Td (present ) Tj ET Q q 0 0 0 rg BT 374.66 227.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 401.75 227.10 Td (for ) Tj ET Q q 0 0 0 rg BT 415.52 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.84 227.10 Td (most ) Tj ET Q q 0 0 0 rg BT 451.40 227.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 477.39 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.94 227.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 533.25 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.80 227.10 Td (range ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.93 215.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.93 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.53 215.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.90 215.10 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.90 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.50 215.10 Td (years ) Tj ET Q q 0 0 0 rg BT 125.20 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.57 215.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 180.94 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.75 215.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 233.33 215.10 Td (work, ) Tj ET Q q 0 0 0 rg BT 258.98 215.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 303.23 215.10 Td (on ) Tj ET Q q 0 0 0 rg BT 315.83 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.64 215.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 365.44 215.10 Td (alternative. ) Tj ET Q q 0 0 0 rg BT 412.55 215.10 Td (The ) Tj ET Q q 0 0 0 rg BT 430.70 215.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 452.17 215.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 465.89 215.10 Td (does ) Tj ET Q q 0 0 0 rg BT 486.82 215.10 Td (not ) Tj ET Q q 0 0 0 rg BT 502.20 215.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 544.77 215.10 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.54 203.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 107.96 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.50 203.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 173.13 203.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 198.50 203.10 Td (define ) Tj ET Q q 0 0 0 rg BT 226.36 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.45 203.10 Td (precise ) Tj ET Q q 0 0 0 rg BT 272.64 203.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 306.61 203.10 Td (boundaries ) Tj ET Q q 0 0 0 rg BT 353.36 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.56 203.10 Td (select ) Tj ET Q q 0 0 0 rg BT 390.20 203.10 Td (remedies. ) Tj ET Q q 0 0 0 rg BT 431.46 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.88 203.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 471.63 203.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 485.63 203.10 Td (is ) Tj ET Q q 0 0 0 rg BT 495.17 203.10 Td (being ) Tj ET Q q 0 0 0 rg BT 520.26 203.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 552.01 203.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.73 191.10 Td (EP) Tj ET Q q 0 0 0 rg BT 75.48 191.10 Td (A) Tj ET Q q 0 0 0 rg BT 82.15 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.66 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.60 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.33 191.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 154.95 191.10 Td (may ) Tj ET Q q 0 0 0 rg BT 174.67 191.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.62 191.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 231.34 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.29 191.10 Td (could ) Tj ET Q q 0 0 0 rg BT 273.01 191.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 316.06 191.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 345.78 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.50 191.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 385.78 191.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.62 191.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 415.24 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.08 191.10 Td (remediation. ) Tj ET Q q 0 0 0 rg BT 478.66 191.10 Td (While ) Tj ET Q q 0 0 0 rg BT 505.61 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.33 191.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 541.72 191.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 555.35 191.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (an ) Tj ET Q q 0 0 0 rg BT 62.12 179.10 Td (important ) Tj ET Q q 0 0 0 rg BT 103.67 179.10 Td (step ) Tj ET Q q 0 0 0 rg BT 122.46 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 132.92 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.81 179.10 Td (EP) Tj ET Q q 0 0 0 rg BT 158.56 179.10 Td (A) Tj ET Q q 0 0 0 rg BT 164.68 179.10 Td () Tj ET Q q 0 0 0 rg BT 167.45 179.10 Td (s ) Tj ET Q q 0 0 0 rg BT 174.02 179.10 Td (development ) Tj ET Q q 0 0 0 rg BT 228.35 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.36 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.47 179.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 285.81 179.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 305.70 179.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.04 179.10 Td (addressing ) Tj ET Q q 0 0 0 rg BT 365.49 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.38 179.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 401.12 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.23 179.10 Td (final ) Tj ET Q q 0 0 0 rg BT 429.23 179.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 465.24 179.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.91 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.81 179.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 520.47 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.59 179.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.00 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.88 167.10 Td (required ) Tj ET Q q 0 0 0 rg BT 111.86 167.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 162.29 167.10 Td (will ) Tj ET Q q 0 0 0 rg BT 180.51 167.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 205.38 167.10 Td (only ) Tj ET Q q 0 0 0 rg BT 225.83 167.10 Td (after ) Tj ET Q q 0 0 0 rg BT 246.81 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.69 167.10 Td (EP) Tj ET Q q 0 0 0 rg BT 272.44 167.10 Td (A) Tj ET Q q 0 0 0 rg BT 279.11 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.78 167.10 Td (has ) Tj ET Q q 0 0 0 rg BT 297.77 167.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 335.42 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.52 167.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 381.85 167.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 401.73 167.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.05 167.10 Td (public ) Tj ET Q q 0 0 0 rg BT 443.72 167.10 Td (review ) Tj ET Q q 0 0 0 rg BT 473.59 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.69 167.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 518.36 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.46 167.10 Td (record ) Tj ET Q q 0 0 0 rg BT 553.67 167.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 85.11 155.10 Td (\(ROD\). ) Tj ET Q q 0 0 0 rg BT 126.04 155.10 Td (Currently ) Tj ET Q q 0 0 0 rg BT 166.15 155.10 Td (available ) Tj ET Q q 0 0 0 rg BT 204.02 155.10 Td (information ) Tj ET Q q 0 0 0 rg BT 253.02 155.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 290.35 155.10 Td (that ) Tj ET Q q 0 0 0 rg BT 307.12 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.13 155.10 Td (EP) Tj ET Q q 0 0 0 rg BT 331.88 155.10 Td (A) Tj ET Q q 0 0 0 rg BT 338.55 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.33 155.10 Td (does ) Tj ET Q q 0 0 0 rg BT 360.44 155.10 Td (not ) Tj ET Q q 0 0 0 rg BT 375.01 155.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 402.88 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.45 155.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 434.23 155.10 Td (its ) Tj ET Q q 0 0 0 rg BT 445.46 155.10 Td (final ) Tj ET Q q 0 0 0 rg BT 465.57 155.10 Td (ROD ) Tj ET Q q 0 0 0 rg BT 488.47 155.10 Td (selecting ) Tj ET Q q 0 0 0 rg BT 525.79 155.10 Td (a ) Tj ET Q q 0 0 0 rg BT 532.02 155.10 Td (remedy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.42 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.39 143.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 97.70 143.10 Td (until ) Tj ET Q q 0 0 0 rg BT 118.79 143.10 Td (at ) Tj ET Q q 0 0 0 rg BT 128.77 143.10 Td (least ) Tj ET Q q 0 0 0 rg BT 149.85 143.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 172.60 143.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.69 143.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 229.76 143.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 280.27 143.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 319.13 143.10 Td (until ) Tj ET Q q 0 0 0 rg BT 340.22 143.10 Td (2024. ) Tj ET Q q 0 0 0 rg BT 365.48 143.10 Td (Responsibility ) Tj ET Q q 0 0 0 rg BT 426.02 143.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.43 143.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 498.74 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.93 143.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 549.79 143.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (EP) Tj ET Q q 0 0 0 rg BT 60.75 131.10 Td (A) Tj ET Q q 0 0 0 rg BT 66.87 131.10 Td () Tj ET Q q 0 0 0 rg BT 69.64 131.10 Td (s ) Tj ET Q q 0 0 0 rg BT 76.29 131.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 111.25 131.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 144.00 131.10 Td (will ) Tj ET Q q 0 0 0 rg BT 162.31 131.10 Td (be ) Tj ET Q q 0 0 0 rg BT 174.51 131.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 222.25 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.79 131.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.99 131.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 275.50 131.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 317.69 131.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 352.93 131.10 Td (which ) Tj ET Q q 0 0 0 rg BT 380.13 131.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.56 131.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 428.41 131.10 Td (underway) Tj ET Q q 0 0 0 rg BT 467.19 131.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.45 131.10 Td (Separately) Tj ET Q q 0 0 0 rg BT 514.00 131.10 Td (, ) Tj ET Q q 0 0 0 rg BT 519.26 131.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.24 131.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 86.48 119.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 124.07 119.10 Td (trustees ) Tj ET Q q 0 0 0 rg BT 157.23 119.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.50 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.33 119.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 204.49 119.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.31 119.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 266.35 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.40 119.10 Td (process ) Tj ET Q q 0 0 0 rg BT 306.00 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.39 119.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 358.98 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.81 119.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 406.41 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.35 119.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 447.72 119.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 484.20 119.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 521.80 119.10 Td (at ) Tj ET Q q 0 0 0 rg BT 531.62 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.45 119.10 Td (Site ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.43 107.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 99.52 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.72 107.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 146.26 107.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 191.02 107.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 215.21 107.10 Td (for ) Tj ET Q q 0 0 0 rg BT 228.86 107.10 Td (such ) Tj ET Q q 0 0 0 rg BT 249.18 107.10 Td (damages. ) Tj ET Q q 0 0 0 rg BT 288.65 107.10 Td (Given ) Tj ET Q q 0 0 0 rg BT 315.08 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.28 107.10 Td (size ) Tj ET Q q 0 0 0 rg BT 346.82 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.13 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.34 107.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 391.38 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.59 107.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 427.57 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.34 107.10 Td (date ) Tj ET Q q 0 0 0 rg BT 455.98 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.30 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.50 107.10 Td (RI/FS ) Tj ET Q q 0 0 0 rg BT 506.39 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.82 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 107.10 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.43 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.75 95.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 118.52 95.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 158.94 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.82 95.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 190.08 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.40 95.10 Td (total ) Tj ET Q q 0 0 0 rg BT 224.27 95.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 242.48 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.92 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.23 95.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 327.39 95.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 377.25 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.79 95.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 423.65 95.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 459.62 95.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 496.71 95.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 524.92 95.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.23 95.10 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 72.77 83.10 Td (substantial. ) Tj ET Q q 0 0 0 rg BT 120.81 83.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 156.91 83.10 Td (there ) Tj ET Q q 0 0 0 rg BT 179.67 83.10 Td (has ) Tj ET Q q 0 0 0 rg BT 195.77 83.10 Td (not ) Tj ET Q q 0 0 0 rg BT 211.32 83.10 Td (been ) Tj ET Q q 0 0 0 rg BT 232.98 83.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.19 83.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 298.50 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.61 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.60 83.10 Td (total ) Tj ET Q q 0 0 0 rg BT 345.15 83.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 364.03 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.13 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.13 83.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 450.95 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.94 83.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 516.48 83.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.25 83.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.58 83.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 89.04 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.49 71.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 137.71 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.27 71.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 180.26 71.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 217.35 71.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 255.57 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 267.12 71.10 Td (how ) Tj ET Q q 0 0 0 rg BT 287.57 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.02 71.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 326.25 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.80 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.25 71.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 389.25 71.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 448.03 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.70 71.10 Td (any ) Tj ET Q q 0 0 0 rg BT 483.36 71.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 516.58 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.24 71.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 86.47 59.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 124.06 59.10 Td (will ) Tj ET Q q 0 0 0 rg BT 142.22 59.10 Td (be ) Tj ET Q q 0 0 0 rg BT 154.26 59.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 192.95 59.10 Td (among ) Tj ET Q q 0 0 0 rg BT 222.77 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.59 59.10 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 264.38 59.10 Td (we ) Tj ET Q q 0 0 0 rg BT 278.64 59.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 310.11 59.10 Td (it ) Tj ET Q q 0 0 0 rg BT 318.27 59.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.54 59.10 Td (not ) Tj ET Q q 0 0 0 rg BT 342.92 59.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 378.31 59.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.69 59.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 434.60 59.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 470.53 59.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.35 59.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 517.94 59.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.88 59.10 Td (range ) Tj ET Q q 0 0 0 rg BT 553.69 59.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.26 47.10 Td (which ) Tj ET Q q 0 0 0 rg BT 98.95 47.10 Td (we ) Tj ET Q q 0 0 0 rg BT 112.87 47.10 Td (are ) Tj ET Q q 0 0 0 rg BT 127.33 47.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 152.36 47.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.94 47.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 208.52 47.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 243.55 47.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.58 47.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 276.39 47.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.42 47.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 332.55 47.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.58 47.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.06 47.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 387.37 47.10 Td (although ) Tj ET Q q 0 0 0 rg BT 424.62 47.10 Td (such ) Tj ET Q q 0 0 0 rg BT 445.21 47.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 467.46 47.10 Td (could ) Tj ET Q q 0 0 0 rg BT 491.93 47.10 Td (be ) Tj ET Q q 0 0 0 rg BT 503.63 47.10 Td (material ) Tj ET Q q 0 0 0 rg BT 538.64 47.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 47.10 Td (our ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (13) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.51 742.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 124.76 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 153.40 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.26 742.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 210.94 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.24 742.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 255.99 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.96 742.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 306.20 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 311.23 742.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 357.64 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 377.93 742.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 415.46 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.77 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.51 742.10 Td (future ) Tj ET Q q 0 0 0 rg BT 466.92 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 496.65 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.96 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.70 742.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 539.79 742.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 79.52 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.61 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 127.48 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.68 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.88 730.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 199.41 730.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 235.60 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.46 730.10 Td (could ) Tj ET Q q 0 0 0 rg BT 278.55 730.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 320.30 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 332.61 730.10 Td (used ) Tj ET Q q 0 0 0 rg BT 353.82 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.35 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 415.10 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.75 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 455.28 730.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 511.74 730.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 91.99 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.53 718.10 Td (share ) Tj ET Q q 0 0 0 rg BT 133.73 718.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 185.84 718.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 206.16 718.10 Td (material ) Tj ET Q q 0 0 0 rg BT 242.02 718.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 282.34 718.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 318.75 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.63 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.95 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 371.93 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.23 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.11 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.43 718.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 447.08 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 472.40 718.10 Td (result ) Tj ET Q q 0 0 0 rg BT 497.72 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.60 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.03 718.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.22 718.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 89.54 706.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 140.18 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.51 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.26 706.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 238.79 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.12 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 269.00 706.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 290.77 706.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 343.35 706.10 Td (See ) Tj ET Q q 0 0 0 rg BT 362.34 706.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 428.54 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.09 706.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 506.51 706.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.83 706.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 542.82 706.10 Td (1) Tj ET Q q 0 0 0 rg BT 547.45 706.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.45 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 557.00 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 109.17 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.11 694.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 185.82 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.10 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.82 694.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 236.65 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.92 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.64 694.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 316.91 694.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 356.63 694.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 403.01 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.29 694.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 431.89 694.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 443.55 694.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 471.88 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.71 694.10 Td (this ) Tj ET Q q 0 0 0 rg BT 499.66 694.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 673.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.23 673.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 98.41 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.39 673.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 152.60 673.10 Td (that ) Tj ET Q q 0 0 0 rg BT 171.35 673.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.32 673.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 221.05 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.25 673.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 276.88 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.30 673.10 Td (general ) Tj ET Q q 0 0 0 rg BT 321.05 673.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 363.12 673.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 411.04 673.10 Td (which ) Tj ET Q q 0 0 0 rg BT 438.69 673.10 Td (could ) Tj ET Q q 0 0 0 rg BT 464.11 673.10 Td (have ) Tj ET Q q 0 0 0 rg BT 486.19 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.82 673.10 Td (material ) Tj ET Q q 0 0 0 rg BT 530.91 673.10 Td (adverse ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 661.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 88.13 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 105.09 661.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.04 661.10 Td (results ) Tj ET Q q 0 0 0 rg BT 176.77 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.83 661.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.56 661.10 Td (condition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Demand ) Tj ET Q q 0 0 0 rg BT 86.65 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 101.08 646.10 Td (most ) Tj ET Q q 0 0 0 rg BT 123.30 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.40 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 150.50 646.10 Td (products ) Tj ET Q q 0 0 0 rg BT 187.70 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.14 646.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 231.00 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.55 646.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 269.31 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.52 646.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 324.28 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.83 646.10 Td (general ) Tj ET Q q 0 0 0 rg BT 367.02 646.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 408.66 646.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 455.40 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 473.72 646.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 502.60 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.81 646.10 Td (magnitude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.22 634.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 102.54 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.65 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.20 634.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 168.43 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.54 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 205.31 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.98 634.10 Td (products ) Tj ET Q q 0 0 0 rg BT 257.75 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.30 634.10 Td (used ) Tj ET Q q 0 0 0 rg BT 292.96 634.10 Td (including ) Tj ET Q q 0 0 0 rg BT 333.07 634.10 Td (global ) Tj ET Q q 0 0 0 rg BT 360.40 634.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 381.06 634.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 441.71 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.48 634.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 502.47 634.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 554.24 634.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.05 622.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 85.67 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 100.71 622.10 Td (dif) Tj ET Q q 0 0 0 rg BT 111.64 622.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 135.58 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.19 622.10 Td (predict. ) Tj ET Q q 0 0 0 rg BT 179.08 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 197.46 622.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 231.39 622.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 259.21 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.37 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.54 622.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.03 622.10 Td (tends ) Tj ET Q q 0 0 0 rg BT 354.97 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.58 622.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 393.95 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.22 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 423.49 622.10 Td (amplified ) Tj ET Q q 0 0 0 rg BT 464.65 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.48 622.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 512.52 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.14 622.10 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 98.94 610.10 Td (both ) Tj ET Q q 0 0 0 rg BT 121.49 610.10 Td (domestically ) Tj ET Q q 0 0 0 rg BT 177.36 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.58 610.10 Td (internationally) Tj ET Q q 0 0 0 rg BT 254.24 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.52 610.10 Td (supply/demand ) Tj ET Q q 0 0 0 rg BT 327.39 610.10 Td (imbalances ) Tj ET Q q 0 0 0 rg BT 377.15 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.36 610.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 430.01 610.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 469.76 610.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 512.29 610.10 Td (fluctuations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 93.09 598.10 Td (downturns ) Tj ET Q q 0 0 0 rg BT 137.85 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 148.73 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.71 598.10 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 198.81 598.10 Td (period ) Tj ET Q q 0 0 0 rg BT 226.90 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.77 598.10 Td (slow ) Tj ET Q q 0 0 0 rg BT 259.21 598.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 290.09 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.41 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.17 598.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 335.50 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.48 598.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 383.91 598.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 418.11 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.98 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 445.97 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.84 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.60 598.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 513.04 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.36 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 550.34 598.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 82.31 586.10 Td (could ) Tj ET Q q 0 0 0 rg BT 107.41 586.10 Td (have ) Tj ET Q q 0 0 0 rg BT 129.17 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.50 586.10 Td (material ) Tj ET Q q 0 0 0 rg BT 172.14 586.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 205.56 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 213.15 586.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 231.02 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.90 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.12 586.10 Td (results ) Tj ET Q q 0 0 0 rg BT 289.11 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.33 586.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 347.37 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.23 586.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 425.89 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.21 586.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 463.87 586.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 491.26 586.10 Td (While ) Tj ET Q q 0 0 0 rg BT 518.58 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 533.13 586.10 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.07 574.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 98.90 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 120.30 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.71 574.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 188.64 574.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 220.04 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.89 574.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 278.39 574.10 Td (economies ) Tj ET Q q 0 0 0 rg BT 324.22 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.73 574.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 376.46 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.19 574.10 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 459.80 574.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 507.30 574.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.36 574.10 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.04 562.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 104.96 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.22 562.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 138.26 562.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 180.18 562.10 Td (global ) Tj ET Q q 0 0 0 rg BT 207.66 562.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 241.80 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.94 562.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 292.29 562.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 319.49 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 333.63 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.33 562.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 377.47 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.73 562.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 417.98 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.68 562.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 468.49 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.31 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.01 562.10 Td (current ) Tj ET Q q 0 0 0 rg BT 524.81 562.10 Td (uncertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.49 550.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 133.77 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 150.38 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.20 550.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 214.70 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.10 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.15 550.10 Td (softer ) Tj ET Q q 0 0 0 rg BT 254.54 550.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 287.81 550.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 339.97 550.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.24 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.19 550.10 Td (products ) Tj ET Q q 0 0 0 rg BT 404.24 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.30 550.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 468.01 550.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 496.29 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.24 550.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 522.85 550.10 Td (materials. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (Changes in the availability or price of raw materials and end-of-life vehicles could reduce our sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.58 514.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 111.84 514.10 Td (require ) Tj ET Q q 0 0 0 rg BT 142.18 514.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 171.42 514.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 210.10 514.10 Td (that ) Tj ET Q q 0 0 0 rg BT 227.12 514.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.36 514.10 Td (sourced ) Tj ET Q q 0 0 0 rg BT 274.49 514.10 Td (from ) Tj ET Q q 0 0 0 rg BT 295.96 514.10 Td (third ) Tj ET Q q 0 0 0 rg BT 316.88 514.10 Td (party ) Tj ET Q q 0 0 0 rg BT 339.46 514.10 Td (suppliers. ) Tj ET Q q 0 0 0 rg BT 379.65 514.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 419.46 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.82 514.10 Td (cross-divisional ) Tj ET Q q 0 0 0 rg BT 500.18 514.10 Td (syner) Tj ET Q q 0 0 0 rg BT 521.66 514.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 539.80 514.10 Td (allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.42 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 71.74 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 83.71 502.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.57 502.10 Td (own ) Tj ET Q q 0 0 0 rg BT 119.33 502.10 Td (source ) Tj ET Q q 0 0 0 rg BT 147.96 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 162.15 502.10 Td (some ) Tj ET Q q 0 0 0 rg BT 185.79 502.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 203.32 502.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 245.00 502.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 293.62 502.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.93 502.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 344.78 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.09 502.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 378.73 502.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 403.47 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.66 502.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 443.82 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 458.01 502.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 476.09 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.63 502.10 Td (other ) Tj ET Q q 0 0 0 rg BT 511.71 502.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 550.35 502.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (most ) Tj ET Q q 0 0 0 rg BT 72.03 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.95 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 98.86 490.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 116.44 490.10 Td (material ) Tj ET Q q 0 0 0 rg BT 151.78 490.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 179.64 490.10 Td (Industry ) Tj ET Q q 0 0 0 rg BT 215.55 490.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 244.81 490.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 289.06 490.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 328.85 490.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 361.43 490.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 385.41 490.10 Td (including ) Tj ET Q q 0 0 0 rg BT 425.76 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.57 490.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 484.83 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.74 490.10 Td (shortages ) Tj ET Q q 0 0 0 rg BT 536.10 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.01 490.10 Td (raw ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 92.61 478.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 132.71 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.95 478.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 162.40 478.10 Td (material ) Tj ET Q q 0 0 0 rg BT 198.62 478.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 222.08 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.98 478.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 275.08 478.10 Td (control ) Tj ET Q q 0 0 0 rg BT 306.87 478.10 Td (over ) Tj ET Q q 0 0 0 rg BT 328.10 478.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 364.32 478.10 Td (schedules. ) Tj ET Q q 0 0 0 rg BT 408.91 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 417.54 478.10 Td (e ) Tj ET Q q 0 0 0 rg BT 425.44 478.10 Td (procure ) Tj ET Q q 0 0 0 rg BT 459.44 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.23 478.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 500.79 478.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 542.57 478.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 92.12 466.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 127.10 466.10 Td (These ) Tj ET Q q 0 0 0 rg BT 153.66 466.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 192.45 466.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 232.33 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.22 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 262.68 466.10 Td (bound ) Tj ET Q q 0 0 0 rg BT 290.36 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 303.05 466.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 345.16 466.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 383.94 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.06 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.62 466.10 Td (no ) Tj ET Q q 0 0 0 rg BT 435.30 466.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 478.53 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.99 466.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 505.56 466.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 529.34 466.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 554.24 466.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 64.33 454.10 Td (In ) Tj ET Q q 0 0 0 rg BT 75.59 454.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 107.96 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.22 454.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 159.37 454.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 183.40 454.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 208.55 454.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 237.86 454.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 276.90 454.10 Td (may ) Tj ET Q q 0 0 0 rg BT 297.05 454.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 318.86 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.57 454.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 350.28 454.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 374.31 454.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 399.46 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.17 454.10 Td (wait ) Tj ET Q q 0 0 0 rg BT 430.32 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.91 454.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 473.39 454.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 500.21 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.47 454.10 Td (intentionally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (slow ) Tj ET Q q 0 0 0 rg BT 71.75 442.10 Td (their ) Tj ET Q q 0 0 0 rg BT 92.92 442.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 117.99 442.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 160.27 442.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 201.73 442.10 Td (If ) Tj ET Q q 0 0 0 rg BT 211.24 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.53 442.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 264.16 442.10 Td (number ) Tj ET Q q 0 0 0 rg BT 297.56 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.75 442.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 347.71 442.10 Td (ceases ) Tj ET Q q 0 0 0 rg BT 376.10 442.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 405.62 442.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 429.57 442.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 454.64 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.27 442.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 479.51 442.10 Td (we ) Tj ET Q q 0 0 0 rg BT 494.03 442.10 Td (will ) Tj ET Q q 0 0 0 rg BT 512.44 442.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.73 442.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.24 442.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (recycle ) Tj ET Q q 0 0 0 rg BT 82.03 430.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 107.41 430.10 Td (at ) Tj ET Q q 0 0 0 rg BT 117.79 430.10 Td (desired ) Tj ET Q q 0 0 0 rg BT 149.83 430.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 178.82 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.42 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.92 430.10 Td (results ) Tj ET Q q 0 0 0 rg BT 242.19 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.69 430.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.51 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.11 430.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 354.26 430.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 395.20 430.10 Td (could ) Tj ET Q q 0 0 0 rg BT 420.58 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 433.19 430.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 476.89 430.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 518.37 430.10 Td (af) Tj ET Q q 0 0 0 rg BT 525.96 430.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 555.35 430.10 Td (A) Tj ET Q q 0 0 0 rg BT 562.02 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 94.05 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.32 418.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 146.04 418.10 Td (production ) Tj ET Q q 0 0 0 rg BT 192.30 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.02 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.17 418.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 238.90 418.10 Td (may ) Tj ET Q q 0 0 0 rg BT 259.05 418.10 Td (also ) Tj ET Q q 0 0 0 rg BT 278.10 418.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 307.69 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.84 418.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 352.45 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.72 418.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 404.43 418.10 Td (grades ) Tj ET Q q 0 0 0 rg BT 433.47 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.74 418.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 469.89 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.61 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.77 418.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 524.81 418.10 Td (recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (industry) Tj ET Q q 0 0 0 rg BT 82.13 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 88.26 406.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 126.89 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.30 406.10 Td (less ) Tj ET Q q 0 0 0 rg BT 156.93 406.10 Td (recyclable ) Tj ET Q q 0 0 0 rg BT 201.64 406.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 227.48 406.10 Td (available ) Tj ET Q q 0 0 0 rg BT 267.21 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.62 406.10 Td (process ) Tj ET Q q 0 0 0 rg BT 312.24 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.31 406.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 364.20 406.10 Td (Increased ) Tj ET Q q 0 0 0 rg BT 406.14 406.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 457.54 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.83 406.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 512.57 406.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 537.30 406.10 Td (metal, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.78 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.12 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.57 394.10 Td (result ) Tj ET Q q 0 0 0 rg BT 134.80 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.14 394.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 196.92 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.93 394.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 260.16 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 278.16 394.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 310.05 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 394.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 349.38 394.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 389.60 394.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 425.92 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.71 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.93 394.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 472.73 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.18 394.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 525.67 394.10 Td (may ) Tj ET Q q 0 0 0 rg BT 545.90 394.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 79.22 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.02 382.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 123.26 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.17 382.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 157.85 382.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 182.64 382.10 Td (available ) Tj ET Q q 0 0 0 rg BT 221.30 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.66 382.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 245.63 382.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 276.53 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.88 382.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 314.46 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.47 382.10 Td (steady ) Tj ET Q q 0 0 0 rg BT 349.60 382.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 378.84 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.75 382.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 413.43 382.10 Td (material ) Tj ET Q q 0 0 0 rg BT 448.76 382.10 Td (could ) Tj ET Q q 0 0 0 rg BT 473.56 382.10 Td (both ) Tj ET Q q 0 0 0 rg BT 493.91 382.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 534.80 382.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.75 370.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 95.72 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.91 370.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 129.76 370.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 152.62 370.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 210.47 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.33 370.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 258.39 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.14 370.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 316.32 370.10 Td (mar) Tj ET Q q 0 0 0 rg BT 331.68 370.10 Td (gins. ) Tj ET Q q 0 0 0 rg BT 354.27 370.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 386.01 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.21 370.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 425.62 370.10 Td (an ) Tj ET Q q 0 0 0 rg BT 438.48 370.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 477.43 370.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 507.51 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.26 370.10 Td (end-of-life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 85.39 358.10 Td (could ) Tj ET Q q 0 0 0 rg BT 110.23 358.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 151.17 358.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 181.01 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 196.96 358.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 225.14 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.54 358.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 263.14 358.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 306.32 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.38 358.10 Td (char) Tj ET Q q 0 0 0 rg BT 340.41 358.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 352.47 358.10 Td (admission ) Tj ET Q q 0 0 0 rg BT 395.65 358.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 414.37 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.44 358.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 460.71 358.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.66 358.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 498.72 358.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 523.29 358.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 554.24 358.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 78.27 346.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 96.53 346.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 138.96 346.10 Td (such ) Tj ET Q q 0 0 0 rg BT 160.56 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.17 346.10 Td (alloys ) Tj ET Q q 0 0 0 rg BT 199.33 346.10 Td (used ) Tj ET Q q 0 0 0 rg BT 220.93 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.98 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.47 346.10 Td (steel-making ) Tj ET Q q 0 0 0 rg BT 302.40 346.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 338.16 346.10 Td (could ) Tj ET Q q 0 0 0 rg BT 363.65 346.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 405.24 346.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 435.73 346.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.33 346.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 481.16 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.21 346.10 Td (make ) Tj ET Q q 0 0 0 rg BT 517.14 346.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 538.74 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 346.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (specifications ) Tj ET Q q 0 0 0 rg BT 107.48 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.31 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.14 334.10 Td (customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (Significant decreases in scrap metal prices may adversely impact our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.51 298.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 95.58 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.98 298.10 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 156.15 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.44 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.61 298.10 Td (cycles ) Tj ET Q q 0 0 0 rg BT 207.56 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.30 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.47 298.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 272.32 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.06 298.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.46 298.10 Td (we ) Tj ET Q q 0 0 0 rg BT 322.07 298.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 353.46 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.62 298.10 Td (dif) Tj ET Q q 0 0 0 rg BT 378.55 298.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 401.62 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.35 298.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 441.08 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.47 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.64 298.10 Td (influenced ) Tj ET Q q 0 0 0 rg BT 515.80 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 527.76 298.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.69 298.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.46 286.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 133.71 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.08 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.89 286.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 194.58 286.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 226.43 286.10 Td (where ) Tj ET Q q 0 0 0 rg BT 252.45 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 265.70 286.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 302.27 286.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 333.29 286.10 Td (our ) Tj ET Q q 0 0 0 rg BT 348.20 286.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 364.78 286.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 405.52 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.55 286.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 452.01 286.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 487.76 286.10 Td (where ) Tj ET Q q 0 0 0 rg BT 513.77 286.10 Td (we ) Tj ET Q q 0 0 0 rg BT 527.02 286.10 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 66.62 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.57 274.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 118.19 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.25 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.32 274.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 184.99 274.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 223.82 274.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 250.43 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 264.83 274.10 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 310.89 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.06 274.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 351.89 274.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 376.84 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.01 274.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 423.41 274.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 450.02 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 464.42 274.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 501.02 274.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 524.85 274.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 549.79 274.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 82.08 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.60 262.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 130.13 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.55 262.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 178.31 262.10 Td (While ) Tj ET Q q 0 0 0 rg BT 204.83 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 218.58 262.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 250.65 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.52 262.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 294.27 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.13 262.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 342.88 262.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 378.83 262.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 402.01 262.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 426.31 262.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 455.06 262.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 481.03 262.10 Td (through ) Tj ET Q q 0 0 0 rg BT 514.22 262.10 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.52 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.59 250.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 101.55 250.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 139.82 250.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 168.94 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.01 250.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 213.31 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.83 250.10 Td (do ) Tj ET Q q 0 0 0 rg BT 236.57 250.10 Td (so ) Tj ET Q q 0 0 0 rg BT 248.20 250.10 Td (is ) Tj ET Q q 0 0 0 rg BT 257.61 250.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 288.69 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 301.43 250.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 351.38 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.56 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 391.85 250.10 Td (market ) Tj ET Q q 0 0 0 rg BT 422.35 250.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 454.19 250.10 Td (As ) Tj ET Q q 0 0 0 rg BT 468.05 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.23 250.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 502.69 250.10 Td (we ) Tj ET Q q 0 0 0 rg BT 517.09 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 537.05 250.10 Td (not ) Tj ET Q q 0 0 0 rg BT 552.57 250.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (able ) Tj ET Q q 0 0 0 rg BT 69.71 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.54 238.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 110.23 238.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.61 238.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 151.88 238.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 190.46 238.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 217.39 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.22 238.10 Td (of) Tj ET Q q 0 0 0 rg BT 236.37 238.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 253.86 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.35 238.10 Td (sharp ) Tj ET Q q 0 0 0 rg BT 286.06 238.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 326.87 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.70 238.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 374.62 238.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 398.76 238.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 424.03 238.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 446.52 238.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 475.94 238.10 Td (which ) Tj ET Q q 0 0 0 rg BT 503.43 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 523.70 238.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.73 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.58 226.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 135.87 226.10 Td (income ) Tj ET Q q 0 0 0 rg BT 167.82 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.78 226.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 205.07 226.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 232.31 226.10 Td (In ) Tj ET Q q 0 0 0 rg BT 243.17 226.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 280.96 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.92 226.10 Td (rapid ) Tj ET Q q 0 0 0 rg BT 310.99 226.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 347.92 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.22 226.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 387.41 226.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 413.81 226.10 Td (may ) Tj ET Q q 0 0 0 rg BT 433.54 226.10 Td (compress ) Tj ET Q q 0 0 0 rg BT 473.83 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.68 226.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.97 226.10 Td (mar) Tj ET Q q 0 0 0 rg BT 545.34 226.10 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (due ) Tj ET Q q 0 0 0 rg BT 68.10 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.55 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.43 214.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 126.30 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.30 214.10 Td (average ) Tj ET Q q 0 0 0 rg BT 173.05 214.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 215.04 214.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 237.31 214.10 Td (which ) Tj ET Q q 0 0 0 rg BT 265.41 214.10 Td (causes ) Tj ET Q q 0 0 0 rg BT 295.18 214.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 314.95 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.94 214.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 354.50 214.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 374.83 214.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 422.36 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.80 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.69 214.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 506.12 214.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 553.67 214.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 96.09 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.07 202.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 142.69 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 152.12 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.77 202.10 Td (slower ) Tj ET Q q 0 0 0 rg BT 187.64 202.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 204.83 202.10 Td (than ) Tj ET Q q 0 0 0 rg BT 224.25 202.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 248.68 202.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 286.42 202.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 312.51 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.15 202.10 Td (net ) Tj ET Q q 0 0 0 rg BT 343.58 202.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 372.45 202.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 401.04 202.10 Td (Lower ) Tj ET Q q 0 0 0 rg BT 429.34 202.10 Td (export ) Tj ET Q q 0 0 0 rg BT 457.10 202.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 490.96 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.83 202.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 540.90 202.10 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 75.18 190.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 108.13 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.88 190.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 153.51 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 164.26 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.44 190.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 218.52 190.10 Td (market ) Tj ET Q q 0 0 0 rg BT 249.25 190.10 Td (may ) Tj ET Q q 0 0 0 rg BT 269.44 190.10 Td (also ) Tj ET Q q 0 0 0 rg BT 288.52 190.10 Td (compress ) Tj ET Q q 0 0 0 rg BT 329.25 190.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 369.99 190.10 Td (mar) Tj ET Q q 0 0 0 rg BT 385.35 190.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 404.99 190.10 Td (due ) Tj ET Q q 0 0 0 rg BT 422.40 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.15 190.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 461.67 190.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 500.18 190.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 527.02 190.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 178.10 Td (stronger ) Tj ET Q q 0 0 0 rg BT 107.21 178.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 145.81 178.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 196.08 178.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.24 178.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 239.41 178.10 Td (without ) Tj ET Q q 0 0 0 rg BT 272.47 178.10 Td (commensurately ) Tj ET Q q 0 0 0 rg BT 341.05 178.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 369.10 178.10 Td (export ) Tj ET Q q 0 0 0 rg BT 397.15 178.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 426.31 178.10 Td (prices.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Acquisitions and integration of acquired businesses may result in operating dif) Tj ET Q q 0 0 0 rg BT 374.31 157.10 Td (ficulties and other unintended consequences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 142.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.78 142.10 Td (have ) Tj ET Q q 0 0 0 rg BT 89.36 142.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 134.72 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.86 142.10 Td (number ) Tj ET Q q 0 0 0 rg BT 177.11 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.15 142.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 240.63 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.11 142.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 280.24 142.10 Td (years ) Tj ET Q q 0 0 0 rg BT 305.04 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.19 142.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 352.99 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.47 142.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 402.61 142.10 Td (making ) Tj ET Q q 0 0 0 rg BT 436.31 142.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 487.79 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.82 142.10 Td (complementary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 95.19 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.93 130.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 134.99 130.10 Td (us ) Tj ET Q q 0 0 0 rg BT 146.84 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.58 130.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 193.30 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.59 130.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 249.21 130.10 Td (base ) Tj ET Q q 0 0 0 rg BT 269.95 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.35 130.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 310.86 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.16 130.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 368.16 130.10 Td (Execution ) Tj ET Q q 0 0 0 rg BT 411.67 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.96 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.25 130.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 486.10 130.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 520.72 130.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 557.57 130.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (number ) Tj ET Q q 0 0 0 rg BT 83.05 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.88 118.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 117.77 118.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 97.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 97.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 135.15 97.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 163.75 97.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 209.57 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.29 97.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 261.21 97.10 Td (businesses) Tj ET Q q 0 0 0 rg BT 306.02 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.52 97.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 349.90 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.84 97.10 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 82.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 82.10 Td (Potential ) Tj ET Q q 0 0 0 rg BT 160.05 82.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 178.11 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.94 82.10 Td (key ) Tj ET Q q 0 0 0 rg BT 205.88 82.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 251.15 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.98 82.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 305.02 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.85 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.57 82.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 367.49 82.10 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 67.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 67.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 135.15 67.10 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 169.86 67.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.14 67.10 Td (realizing ) Tj ET Q q 0 0 0 rg BT 217.62 67.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 263.99 67.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 282.60 67.10 Td (savings, ) Tj ET Q q 0 0 0 rg BT 317.60 67.10 Td (ef) Tj ET Q q 0 0 0 rg BT 325.18 67.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 365.99 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.93 67.10 Td (syner) Tj ET Q q 0 0 0 rg BT 404.41 67.10 Td (gies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 52.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 52.10 Td (Unexpected ) Tj ET Q q 0 0 0 rg BT 172.25 52.10 Td (costs;) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (14) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 742.10 Td (Inaccurate ) Tj ET Q q 0 0 0 rg BT 166.13 742.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 213.07 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.90 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.73 742.10 Td (undisclosed ) Tj ET Q q 0 0 0 rg BT 284.45 742.10 Td (liabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 727.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 727.10 Td (Inability ) Tj ET Q q 0 0 0 rg BT 158.38 727.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.66 727.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 206.15 727.10 Td (uniform ) Tj ET Q q 0 0 0 rg BT 240.87 727.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 283.64 727.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 318.35 727.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.29 727.10 Td (procedures; ) Tj ET Q q 0 0 0 rg BT 384.44 727.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 712.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 135.15 712.10 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 163.75 712.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 205.69 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.40 712.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 251.23 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.06 712.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.00 712.10 Td (lar) Tj ET Q q 0 0 0 rg BT 279.37 712.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 294.64 712.10 Td (company) Tj ET Q q 0 0 0 rg BT 330.64 712.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (If ) Tj ET Q q 0 0 0 rg BT 59.19 697.10 Td (we ) Tj ET Q q 0 0 0 rg BT 73.37 697.10 Td (do ) Tj ET Q q 0 0 0 rg BT 85.90 697.10 Td (not ) Tj ET Q q 0 0 0 rg BT 101.21 697.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 152.61 697.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 185.67 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.53 697.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 247.93 697.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 282.12 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.08 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.83 697.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 350.78 697.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 395.52 697.10 Td (do ) Tj ET Q q 0 0 0 rg BT 408.05 697.10 Td (not ) Tj ET Q q 0 0 0 rg BT 423.36 697.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 458.09 697.10 Td (as ) Tj ET Q q 0 0 0 rg BT 468.95 697.10 Td (projected, ) Tj ET Q q 0 0 0 rg BT 511.18 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 697.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.27 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 685.10 Td (results ) Tj ET Q q 0 0 0 rg BT 135.82 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.65 685.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.81 685.10 Td (could ) Tj ET Q q 0 0 0 rg BT 215.52 685.10 Td (be ) Tj ET Q q 0 0 0 rg BT 227.46 685.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 270.50 685.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 311.31 685.10 Td (af) Tj ET Q q 0 0 0 rg BT 318.90 685.10 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Goodwill impairment charges may adversely af) Tj ET Q q 0 0 0 rg BT 243.41 664.10 Td (fect our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 90.99 649.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 134.73 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.15 649.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 179.46 649.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 218.20 649.10 Td (price ) Tj ET Q q 0 0 0 rg BT 241.40 649.10 Td (over ) Tj ET Q q 0 0 0 rg BT 262.37 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.79 649.10 Td (net ) Tj ET Q q 0 0 0 rg BT 293.22 649.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 326.42 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.96 649.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 386.70 649.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 413.24 649.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 450.87 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.52 649.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.94 649.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 546.58 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 557.57 649.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (business ) Tj ET Q q 0 0 0 rg BT 85.30 637.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 136.69 637.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 176.41 637.10 Td (at ) Tj ET Q q 0 0 0 rg BT 185.04 637.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.32 637.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 225.78 637.10 Td (W) Tj ET Q q 0 0 0 rg BT 234.41 637.10 Td (e ) Tj ET Q q 0 0 0 rg BT 240.26 637.10 Td (have ) Tj ET Q q 0 0 0 rg BT 260.54 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.38 637.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 310.56 637.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.96 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.70 637.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 388.66 637.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.07 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.80 637.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 446.74 637.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 468.69 637.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 508.96 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.14 637.10 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.16 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.88 625.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 136.03 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.86 625.10 Td (business ) Tj ET Q q 0 0 0 rg BT 189.13 625.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 219.85 625.10 Td (strategy) Tj ET Q q 0 0 0 rg BT 250.85 625.10 Td (. ) Tj ET Q q 0 0 0 rg BT 255.57 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 264.20 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 271.03 625.10 Td (test ) Tj ET Q q 0 0 0 rg BT 287.30 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.90 625.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 339.84 625.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 376.65 625.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 415.12 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.28 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.00 625.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 480.04 625.10 Td (units ) Tj ET Q q 0 0 0 rg BT 501.87 625.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 625.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.82 613.10 Td (an ) Tj ET Q q 0 0 0 rg BT 75.09 613.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 104.57 613.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 127.39 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.66 613.10 Td (if ) Tj ET Q q 0 0 0 rg BT 153.59 613.10 Td (events ) Tj ET Q q 0 0 0 rg BT 181.96 613.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 206.99 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.15 613.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 277.61 613.10 Td (change ) Tj ET Q q 0 0 0 rg BT 308.75 613.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.57 613.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 361.05 613.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.87 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.91 613.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.61 613.10 Td (value ) Tj ET Q q 0 0 0 rg BT 435.09 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.25 613.10 Td (one ) Tj ET Q q 0 0 0 rg BT 463.51 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.66 613.10 Td (more ) Tj ET Q q 0 0 0 rg BT 498.03 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.19 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.34 613.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (units ) Tj ET Q q 0 0 0 rg BT 71.22 601.10 Td (may ) Tj ET Q q 0 0 0 rg BT 90.21 601.10 Td (be ) Tj ET Q q 0 0 0 rg BT 101.41 601.10 Td (below ) Tj ET Q q 0 0 0 rg BT 127.62 601.10 Td (its ) Tj ET Q q 0 0 0 rg BT 138.84 601.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 173.93 601.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 207.80 601.10 Td (A) Tj ET Q q 0 0 0 rg BT 214.47 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.24 601.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 246.88 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.43 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.42 601.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 299.40 601.10 Td (market ) Tj ET Q q 0 0 0 rg BT 328.94 601.10 Td (price ) Tj ET Q q 0 0 0 rg BT 350.69 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.79 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.89 601.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.77 601.10 Td (could ) Tj ET Q q 0 0 0 rg BT 422.76 601.10 Td (denote ) Tj ET Q q 0 0 0 rg BT 451.18 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 457.39 601.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 498.60 601.10 Td (event ) Tj ET Q q 0 0 0 rg BT 522.02 601.10 Td (indicating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.41 589.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 105.38 589.10 Td (may ) Tj ET Q q 0 0 0 rg BT 125.01 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 136.86 589.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 177.14 589.10 Td (When ) Tj ET Q q 0 0 0 rg BT 203.43 589.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 232.51 589.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 270.48 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.56 589.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 335.57 589.10 Td (we ) Tj ET Q q 0 0 0 rg BT 349.64 589.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 392.04 589.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 408.33 589.10 Td (value ) Tj ET Q q 0 0 0 rg BT 432.39 589.10 Td (using ) Tj ET Q q 0 0 0 rg BT 456.48 589.10 Td (an ) Tj ET Q q 0 0 0 rg BT 468.33 589.10 Td (income ) Tj ET Q q 0 0 0 rg BT 500.18 589.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 539.24 589.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.76 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.74 577.10 Td (present ) Tj ET Q q 0 0 0 rg BT 109.38 577.10 Td (value ) Tj ET Q q 0 0 0 rg BT 133.79 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.89 577.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 183.18 577.10 Td (future ) Tj ET Q q 0 0 0 rg BT 209.82 577.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.35 577.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 255.33 577.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 291.42 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 298.62 577.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 355.24 577.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 394.66 577.10 Td (average ) Tj ET Q q 0 0 0 rg BT 428.51 577.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 447.38 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.47 577.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 487.88 577.10 Td (\(W) Tj ET Q q 0 0 0 rg BT 503.98 577.10 Td (ACC\). ) Tj ET Q q 0 0 0 rg BT 537.57 577.10 Td (Given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.32 565.10 Td (market ) Tj ET Q q 0 0 0 rg BT 97.40 565.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 123.60 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.25 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.90 565.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 188.88 565.10 Td (units ) Tj ET Q q 0 0 0 rg BT 210.65 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 225.17 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 240.27 565.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 270.36 565.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 311.27 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 325.25 565.10 Td (make ) Tj ET Q q 0 0 0 rg BT 349.22 565.10 Td (various ) Tj ET Q q 0 0 0 rg BT 380.98 565.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 420.52 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.27 565.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 489.04 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.14 565.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 549.78 565.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 67.25 553.10 Td (value ) Tj ET Q q 0 0 0 rg BT 92.29 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.00 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.59 553.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 159.62 553.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 184.95 553.10 Td (including ) Tj ET Q q 0 0 0 rg BT 226.10 553.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 271.14 553.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 306.16 553.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 337.87 553.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 362.63 553.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 403.77 553.10 Td (mar) Tj ET Q q 0 0 0 rg BT 419.13 553.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 441.68 553.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 471.71 553.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 528.68 553.10 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.99 541.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 136.02 541.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.58 541.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 174.29 541.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 209.94 541.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 240.61 541.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 264.32 541.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 300.54 541.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 320.36 541.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 354.36 541.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 397.78 541.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.90 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 424.67 541.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 455.88 541.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 502.09 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.86 541.10 Td (syner) Tj ET Q q 0 0 0 rg BT 540.34 541.10 Td (gistic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.73 529.10 Td (available ) Tj ET Q q 0 0 0 rg BT 121.89 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.75 529.10 Td (market ) Tj ET Q q 0 0 0 rg BT 161.59 529.10 Td (participants. ) Tj ET Q q 0 0 0 rg BT 212.66 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.30 529.10 Td (e ) Tj ET Q q 0 0 0 rg BT 227.81 529.10 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 275.97 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.27 529.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 329.00 529.10 Td (units) Tj ET Q q 0 0 0 rg BT 351.03 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.11 529.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 392.39 529.10 Td (using ) Tj ET Q q 0 0 0 rg BT 416.14 529.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.65 529.10 Td (market ) Tj ET Q q 0 0 0 rg BT 452.49 529.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 491.21 529.10 Td (based ) Tj ET Q q 0 0 0 rg BT 516.06 529.10 Td (on ) Tj ET Q q 0 0 0 rg BT 528.13 529.10 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.79 517.10 Td (data ) Tj ET Q q 0 0 0 rg BT 104.90 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.79 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 128.69 517.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 186.12 517.10 Td (between ) Tj ET Q q 0 0 0 rg BT 221.89 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.68 517.10 Td (market ) Tj ET Q q 0 0 0 rg BT 267.90 517.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 324.21 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.11 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.89 517.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 392.67 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.46 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.13 517.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 459.45 517.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 475.78 517.10 Td (value ) Tj ET Q q 0 0 0 rg BT 499.89 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.68 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.35 517.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 74.17 505.10 Td (including ) Tj ET Q q 0 0 0 rg BT 114.16 505.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 170.25 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.80 505.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.45 505.10 Td (control ) Tj ET Q q 0 0 0 rg BT 218.00 505.10 Td (premium. ) Tj ET Q q 0 0 0 rg BT 258.82 505.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 277.15 505.10 Td (value ) Tj ET Q q 0 0 0 rg BT 301.02 505.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 362.67 505.10 Td (require ) Tj ET Q q 0 0 0 rg BT 393.20 505.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 445.95 505.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 485.94 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.60 505.10 Td (are ) Tj ET Q q 0 0 0 rg BT 517.02 505.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 554.24 505.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 85.26 493.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 138.85 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.79 493.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 190.50 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.78 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.49 493.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 255.21 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.14 493.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 324.09 493.10 Td (described ) Tj ET Q q 0 0 0 rg BT 364.91 493.10 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.73 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.35 472.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.19 472.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.90 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.63 472.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 167.69 472.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 192.59 472.10 Td (we ) Tj ET Q q 0 0 0 rg BT 206.65 472.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 247.37 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.20 472.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 296.04 472.10 Td (event ) Tj ET Q q 0 0 0 rg BT 320.09 472.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 359.15 472.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.99 472.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 402.27 472.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 450.77 472.10 Td (test ) Tj ET Q q 0 0 0 rg BT 467.05 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.78 472.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.74 472.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 554.23 472.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.86 460.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 105.04 460.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 128.96 460.10 Td (As ) Tj ET Q q 0 0 0 rg BT 142.61 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.57 460.10 Td (result ) Tj ET Q q 0 0 0 rg BT 174.32 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.18 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.93 460.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 218.84 460.10 Td (we ) Tj ET Q q 0 0 0 rg BT 233.03 460.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 270.54 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.50 460.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 315.59 460.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 364.22 460.10 Td (char) Tj ET Q q 0 0 0 rg BT 381.24 460.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 393.21 460.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.07 460.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 426.60 460.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.49 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.02 460.10 Td (at ) Tj ET Q q 0 0 0 rg BT 467.77 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.51 460.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 507.27 460.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.46 460.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (leaving ) Tj ET Q q 0 0 0 rg BT 82.32 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.65 448.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 128.10 448.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 161.52 448.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.74 448.10 Td ($327 ) Tj ET Q q 0 0 0 rg BT 195.63 448.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.53 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.42 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.64 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.22 448.10 Td (August ) Tj ET Q q 0 0 0 rg BT 281.00 448.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 296.39 448.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 321.78 448.10 Td (In ) Tj ET Q q 0 0 0 rg BT 333.00 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.11 448.10 Td (first ) Tj ET Q q 0 0 0 rg BT 367.11 448.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 398.32 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.54 448.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 434.08 448.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 459.47 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 474.02 448.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 510.23 448.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.45 448.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.60 436.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 127.77 436.10 Td (date ) Tj ET Q q 0 0 0 rg BT 146.93 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.87 436.10 Td (February ) Tj ET Q q 0 0 0 rg BT 207.48 436.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 219.98 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.26 436.10 Td (July ) Tj ET Q q 0 0 0 rg BT 249.44 436.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 256.94 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.77 436.10 Td (each ) Tj ET Q q 0 0 0 rg BT 288.59 436.10 Td (year) Tj ET Q q 0 0 0 rg BT 305.25 436.10 Td (. ) Tj ET Q q 0 0 0 rg BT 310.07 436.10 Td (W) Tj ET Q q 0 0 0 rg BT 318.71 436.10 Td (e ) Tj ET Q q 0 0 0 rg BT 325.65 436.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 369.80 436.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.63 436.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 409.79 436.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 432.30 436.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 461.46 436.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 499.52 436.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 548.12 436.10 Td (test ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.41 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 70.81 424.10 Td (July ) Tj ET Q q 0 0 0 rg BT 89.56 424.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 99.13 424.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 121.21 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.72 424.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 178.12 424.10 Td (no ) Tj ET Q q 0 0 0 rg BT 190.19 424.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 238.36 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.77 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.06 424.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 301.79 424.10 Td (units' ) Tj ET Q q 0 0 0 rg BT 325.12 424.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 362.75 424.10 Td (balances. ) Tj ET Q q 0 0 0 rg BT 401.29 424.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 446.14 424.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 480.98 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.38 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.90 424.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 516.63 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.03 424.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 412.10 Td (market ) Tj ET Q q 0 0 0 rg BT 89.79 412.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 133.31 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.94 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.01 412.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 184.96 412.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 224.01 412.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 258.64 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.93 412.10 Td (current ) Tj ET Q q 0 0 0 rg BT 310.10 412.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 337.77 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.06 412.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 366.46 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.64 412.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 407.36 412.10 Td (than ) Tj ET Q q 0 0 0 rg BT 426.43 412.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 472.14 412.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.97 412.10 Td (performance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.23 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.91 400.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 125.69 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.58 400.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 169.48 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.27 400.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 220.49 400.10 Td (mar) Tj ET Q q 0 0 0 rg BT 235.86 400.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 251.10 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.99 400.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 300.45 400.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 334.78 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.74 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.63 400.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 365.75 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.54 400.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 413.97 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.21 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.00 400.10 Td (share ) Tj ET Q q 0 0 0 rg BT 463.56 400.10 Td (price ) Tj ET Q q 0 0 0 rg BT 486.01 400.10 Td (from ) Tj ET Q q 0 0 0 rg BT 507.91 400.10 Td (current ) Tj ET Q q 0 0 0 rg BT 538.68 400.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.75 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 72.29 388.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 112.60 388.10 Td (period ) Tj ET Q q 0 0 0 rg BT 141.24 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.66 388.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 176.03 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.45 388.10 Td (an ) Tj ET Q q 0 0 0 rg BT 199.98 388.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 235.83 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.70 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.01 388.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 318.74 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 327.07 388.10 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 353.23 388.10 Td (among ) Tj ET Q q 0 0 0 rg BT 383.54 388.10 Td (other ) Tj ET Q q 0 0 0 rg BT 407.18 388.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 439.98 388.10 Td (could ) Tj ET Q q 0 0 0 rg BT 465.29 388.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 518.37 388.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 548.68 388.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.43 376.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 132.98 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.75 376.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.30 376.10 Td (result ) Tj ET Q q 0 0 0 rg BT 193.85 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.96 376.10 Td (further ) Tj ET Q q 0 0 0 rg BT 233.50 376.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 271.39 376.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 319.83 376.10 Td (char) Tj ET Q q 0 0 0 rg BT 336.85 376.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 352.51 376.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 372.34 376.10 Td (if ) Tj ET Q q 0 0 0 rg BT 380.78 376.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 418.93 376.10 Td (could ) Tj ET Q q 0 0 0 rg BT 443.48 376.10 Td (have ) Tj ET Q q 0 0 0 rg BT 464.69 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 471.46 376.10 Td (material ) Tj ET Q q 0 0 0 rg BT 506.56 376.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.43 376.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.01 376.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.99 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.30 364.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 114.27 364.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 154.03 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.46 364.10 Td (results ) Tj ET Q q 0 0 0 rg BT 198.55 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.87 364.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 255.01 364.10 Td (See ) Tj ET Q q 0 0 0 rg BT 271.44 364.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 302.98 364.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 351.62 364.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 385.27 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.70 364.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 442.57 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.33 364.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 470.43 364.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 481.58 364.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 501.89 364.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 508.88 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.20 364.10 Td (this ) Tj ET Q q 0 0 0 rg BT 535.63 364.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Impairment of long-lived assets may adversely af) Tj ET Q q 0 0 0 rg BT 250.90 343.10 Td (fect our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 97.69 328.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.29 328.10 Td (are ) Tj ET Q q 0 0 0 rg BT 139.75 328.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.34 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.38 328.10 Td (an ) Tj ET Q q 0 0 0 rg BT 195.08 328.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 244.44 328.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 292.14 328.10 Td (when ) Tj ET Q q 0 0 0 rg BT 317.06 328.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.52 328.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 390.21 328.10 Td (events ) Tj ET Q q 0 0 0 rg BT 419.02 328.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.61 328.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 490.51 328.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 525.42 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 543.68 328.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 86.08 316.10 Td (value ) Tj ET Q q 0 0 0 rg BT 110.49 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 130.47 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.67 316.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 183.47 316.10 Td (If ) Tj ET Q q 0 0 0 rg BT 192.90 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.87 316.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 243.95 316.10 Td (value ) Tj ET Q q 0 0 0 rg BT 268.37 316.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 302.77 316.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.86 316.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 354.95 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.04 316.10 Td (future ) Tj ET Q q 0 0 0 rg BT 392.68 316.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 448.76 316.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 469.29 316.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 494.27 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.37 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 316.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.59 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.76 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.37 304.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 128.70 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 140.52 304.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 189.01 304.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.07 304.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.44 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.49 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.10 304.10 Td (dif) Tj ET Q q 0 0 0 rg BT 275.02 304.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 306.83 304.10 Td (between ) Tj ET Q q 0 0 0 rg BT 342.53 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.14 304.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.85 304.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 425.23 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.06 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.67 304.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 472.93 304.10 Td (value ) Tj ET Q q 0 0 0 rg BT 496.98 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.70 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.31 304.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 546.46 304.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (results ) Tj ET Q q 0 0 0 rg BT 77.70 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.63 292.10 Td (these ) Tj ET Q q 0 0 0 rg BT 109.77 292.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 129.14 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.39 292.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 178.97 292.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.67 292.10 Td (may ) Tj ET Q q 0 0 0 rg BT 245.48 292.10 Td (be ) Tj ET Q q 0 0 0 rg BT 256.51 292.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 296.42 292.10 Td (af) Tj ET Q q 0 0 0 rg BT 304.00 292.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 330.02 292.10 Td (by ) Tj ET Q q 0 0 0 rg BT 341.61 292.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 390.96 292.10 Td (market ) Tj ET Q q 0 0 0 rg BT 420.32 292.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 466.08 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.89 292.10 Td (Company) Tj ET Q q 0 0 0 rg BT 521.55 292.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.04 292.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.34 280.10 Td (trends, ) Tj ET Q q 0 0 0 rg BT 133.09 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.24 280.10 Td (an ) Tj ET Q q 0 0 0 rg BT 156.50 280.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 192.07 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.66 280.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 234.91 280.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 259.10 280.10 Td (among ) Tj ET Q q 0 0 0 rg BT 289.14 280.10 Td (other ) Tj ET Q q 0 0 0 rg BT 312.50 280.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 345.02 280.10 Td (If ) Tj ET Q q 0 0 0 rg BT 354.50 280.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.65 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.90 280.10 Td (result ) Tj ET Q q 0 0 0 rg BT 397.93 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.08 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.11 280.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.03 280.10 Td (test ) Tj ET Q q 0 0 0 rg BT 489.73 280.10 Td (we ) Tj ET Q q 0 0 0 rg BT 504.21 280.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 547.01 280.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 268.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.77 268.10 Td (value ) Tj ET Q q 0 0 0 rg BT 104.76 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.42 268.10 Td (any ) Tj ET Q q 0 0 0 rg BT 132.20 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.87 268.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.53 268.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 201.97 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 227.64 268.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.65 268.10 Td (less ) Tj ET Q q 0 0 0 rg BT 253.98 268.10 Td (than ) Tj ET Q q 0 0 0 rg BT 273.54 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 285.32 268.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 320.97 268.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 355.80 268.10 Td (we ) Tj ET Q q 0 0 0 rg BT 369.80 268.10 Td (may ) Tj ET Q q 0 0 0 rg BT 389.35 268.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 412.24 268.10 Td (an ) Tj ET Q q 0 0 0 rg BT 424.01 268.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 472.45 268.10 Td (char) Tj ET Q q 0 0 0 rg BT 489.47 268.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 501.25 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 518.58 268.10 Td (could ) Tj ET Q q 0 0 0 rg BT 543.13 268.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 256.10 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 256.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 125.23 256.10 Td (ef) Tj ET Q q 0 0 0 rg BT 132.82 256.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 150.31 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.81 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.64 256.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.12 256.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 256.39 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.33 256.10 Td (results ) Tj ET Q q 0 0 0 rg BT 301.94 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.77 256.10 Td (operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Our restructuring and other productivity improvement initiatives may not achieve the expected benefits or cost reductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 220.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.44 220.10 Td (have ) Tj ET Q q 0 0 0 rg BT 86.69 220.10 Td (been ) Tj ET Q q 0 0 0 rg BT 107.93 220.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 165.85 220.10 Td (various ) Tj ET Q q 0 0 0 rg BT 197.66 220.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 251.12 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.92 220.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 319.17 220.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 374.86 220.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 416.67 220.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 454.58 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.73 220.10 Td (extract ) Tj ET Q q 0 0 0 rg BT 494.30 220.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 524.42 220.10 Td (syner) Tj ET Q q 0 0 0 rg BT 545.90 220.10 Td (gies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.32 208.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.53 208.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 139.18 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.50 208.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 203.82 208.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 256.97 208.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 290.39 208.10 Td (further ) Tj ET Q q 0 0 0 rg BT 320.47 208.10 Td (syner) Tj ET Q q 0 0 0 rg BT 341.95 208.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 360.94 208.10 Td (between ) Tj ET Q q 0 0 0 rg BT 397.14 208.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.35 208.10 Td (Metals ) Tj ET Q q 0 0 0 rg BT 443.45 208.10 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 486.87 208.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 525.31 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.00 208.10 Td (Auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (Parts ) Tj ET Q q 0 0 0 rg BT 73.38 196.10 Td (Business, ) Tj ET Q q 0 0 0 rg BT 114.81 196.10 Td (realign ) Tj ET Q q 0 0 0 rg BT 145.95 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.66 196.10 Td (or) Tj ET Q q 0 0 0 rg BT 170.81 196.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 215.84 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.99 196.10 Td (support ) Tj ET Q q 0 0 0 rg BT 260.37 196.10 Td (future ) Tj ET Q q 0 0 0 rg BT 287.62 196.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 321.83 196.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 359.62 196.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 400.76 196.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 440.23 196.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.61 196.10 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 506.98 196.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 547.57 196.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 87.11 184.10 Td (or) Tj ET Q q 0 0 0 rg BT 95.26 184.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 146.24 184.10 Td (layers ) Tj ET Q q 0 0 0 rg BT 172.24 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.80 184.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 224.25 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.70 184.10 Td (productivity) Tj ET Q q 0 0 0 rg BT 287.93 184.10 Td (. ) Tj ET Q q 0 0 0 rg BT 292.55 184.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 310.22 184.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 337.89 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.79 184.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 380.45 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.78 184.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 440.77 184.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 459.00 184.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 491.12 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.68 184.10 Td (other ) Tj ET Q q 0 0 0 rg BT 530.35 184.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (from ) Tj ET Q q 0 0 0 rg BT 70.81 172.10 Td (these ) Tj ET Q q 0 0 0 rg BT 92.73 172.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 133.54 172.10 Td (within ) Tj ET Q q 0 0 0 rg BT 160.47 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.06 172.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 210.97 172.10 Td (time ) Tj ET Q q 0 0 0 rg BT 230.12 172.10 Td (frame ) Tj ET Q q 0 0 0 rg BT 254.81 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.85 172.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 292.55 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.70 172.10 Td (many ) Tj ET Q q 0 0 0 rg BT 325.29 172.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 363.88 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.69 172.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 432.91 172.10 Td (These ) Tj ET Q q 0 0 0 rg BT 458.16 172.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 496.75 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.56 172.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.40 160.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 94.93 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.90 160.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 149.31 160.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 192.88 160.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 242.29 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.92 160.10 Td (other ) Tj ET Q q 0 0 0 rg BT 281.67 160.10 Td (uncertainties, ) Tj ET Q q 0 0 0 rg BT 337.45 160.10 Td (some ) Tj ET Q q 0 0 0 rg BT 360.76 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.28 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.92 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.32 160.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 443.96 160.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.49 160.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 492.35 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 500.99 160.10 Td (e ) Tj ET Q q 0 0 0 rg BT 507.62 160.10 Td (have ) Tj ET Q q 0 0 0 rg BT 528.70 160.10 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.00 148.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 148.88 148.10 Td (char) Tj ET Q q 0 0 0 rg BT 165.90 148.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 182.02 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.24 148.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.57 148.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 270.88 148.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 293.67 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.23 148.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.67 148.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.67 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.46 148.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.68 148.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.68 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.46 148.10 Td (as ) Tj ET Q q 0 0 0 rg BT 402.58 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.80 148.10 Td (result ) Tj ET Q q 0 0 0 rg BT 434.80 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.92 148.10 Td (these ) Tj ET Q q 0 0 0 rg BT 469.25 148.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 508.13 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.35 148.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 554.23 148.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.76 136.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 103.30 136.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 156.61 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.26 136.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 221.00 136.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.22 136.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 286.52 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.52 136.10 Td (these ) Tj ET Q q 0 0 0 rg BT 329.28 136.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 370.93 136.10 Td (until ) Tj ET Q q 0 0 0 rg BT 391.48 136.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 415.34 136.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 440.06 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 460.05 136.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 497.80 136.10 Td (char) Tj ET Q q 0 0 0 rg BT 514.82 136.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 530.37 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 540.36 136.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 71.48 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.41 124.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 108.89 124.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 159.80 124.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 197.92 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.41 124.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 243.10 124.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 290.68 124.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 331.88 124.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 361.69 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.95 124.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 402.97 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.67 124.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 453.69 124.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 471.28 124.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 514.42 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.34 124.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.98 112.10 Td (these ) Tj ET Q q 0 0 0 rg BT 113.03 112.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 166.62 112.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 208.56 112.10 Td (could ) Tj ET Q q 0 0 0 rg BT 233.28 112.10 Td (have ) Tj ET Q q 0 0 0 rg BT 254.65 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.59 112.10 Td (material ) Tj ET Q q 0 0 0 rg BT 296.85 112.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 329.89 112.10 Td (ef) Tj ET Q q 0 0 0 rg BT 337.48 112.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 354.96 112.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.46 112.10 Td (our ) Tj ET Q q 0 0 0 rg BT 383.29 112.10 Td (business ) Tj ET Q q 0 0 0 rg BT 419.68 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.62 112.10 Td (results ) Tj ET Q q 0 0 0 rg BT 465.23 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.06 112.10 Td (operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (Uncertain economic conditions may cause customers to be unable to fulfill their contractual obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 76.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.41 76.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 87.72 76.10 Td (into ) Tj ET Q q 0 0 0 rg BT 105.61 76.10 Td (export ) Tj ET Q q 0 0 0 rg BT 133.49 76.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 164.14 76.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 185.91 76.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 224.33 76.10 Td (preceded ) Tj ET Q q 0 0 0 rg BT 262.75 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 275.08 76.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 326.29 76.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.61 76.10 Td (include ) Tj ET Q q 0 0 0 rg BT 375.38 76.10 Td (fixing ) Tj ET Q q 0 0 0 rg BT 401.60 76.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 426.41 76.10 Td (quantity) Tj ET Q q 0 0 0 rg BT 458.54 76.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.37 76.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 500.15 76.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 524.69 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 76.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 97.02 64.10 Td (terms.Upon ) Tj ET Q q 0 0 0 rg BT 149.05 64.10 Td (finalization ) Tj ET Q q 0 0 0 rg BT 197.18 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.11 64.10 Td (these ) Tj ET Q q 0 0 0 rg BT 231.25 64.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 256.07 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.10 64.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 321.79 64.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 369.38 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.31 64.10 Td (other ) Tj ET Q q 0 0 0 rg BT 403.45 64.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 450.47 64.10 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 510.54 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.36 64.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 88.58 52.10 Td (opens ) Tj ET Q q 0 0 0 rg BT 115.50 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.52 52.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 147.65 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.57 52.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 185.92 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.29 52.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 226.98 52.10 Td (its ) Tj ET Q q 0 0 0 rg BT 240.02 52.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 284.16 52.10 Td (under ) Tj ET Q q 0 0 0 rg BT 310.52 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.32 52.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 362.11 52.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 385.14 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.50 52.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.42 52.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 453.67 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.59 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.40 52.10 Td (car) Tj ET Q q 0 0 0 rg BT 493.42 52.10 Td (go.) Tj ET Q q 0 0 0 rg BT 507.87 52.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 549.24 52.10 Td (not ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (15) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 95.30 742.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 125.62 742.10 Td (course ) Tj ET Q q 0 0 0 rg BT 153.71 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.02 742.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 202.40 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 230.50 742.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 269.69 742.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 310.55 742.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 356.71 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 370.36 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 384.55 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 393.76 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 410.75 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.74 742.10 Td (consummating ) Tj ET Q q 0 0 0 rg BT 483.61 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.81 742.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 543.67 742.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.42 730.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 105.28 730.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 157.37 730.10 Td (opens ) Tj ET Q q 0 0 0 rg BT 183.90 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.32 730.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 223.07 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.61 730.10 Td (credit.Customers ) Tj ET Q q 0 0 0 rg BT 308.35 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.78 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 344.76 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.40 730.10 Td (able ) Tj ET Q q 0 0 0 rg BT 377.27 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.25 730.10 Td (fulfill ) Tj ET Q q 0 0 0 rg BT 414.23 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 435.76 730.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 483.38 730.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 531.03 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.57 730.10 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 76.97 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.84 718.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 113.14 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.46 718.10 Td (times ) Tj ET Q q 0 0 0 rg BT 147.66 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.53 718.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 189.96 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 220.26 718.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 266.40 718.10 Td (As ) Tj ET Q q 0 0 0 rg BT 280.05 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.36 718.10 Td (August ) Tj ET Q q 0 0 0 rg BT 321.79 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 336.83 718.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 359.37 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.34 718.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.34 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.38 718.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.71 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.25 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.23 718.10 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.56 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.60 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 510.26 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.29 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.16 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.03 718.10 Td (trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 87.49 706.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 131.06 706.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 164.10 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 186.03 706.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 220.17 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 232.67 706.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 259.60 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.43 706.10 Td (credit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (Increases in the value of the U.S. dollar relative to other currencies may reduce the demand for our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.66 670.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.86 670.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 136.73 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.05 670.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 173.06 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 179.94 670.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 218.47 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.13 670.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 269.98 670.10 Td (from ) Tj ET Q q 0 0 0 rg BT 292.40 670.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 314.83 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.60 670.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 357.46 670.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 403.50 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.92 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 446.12 670.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 500.76 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.52 670.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 532.29 670.10 Td (dollars, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.69 658.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 134.16 658.10 Td (located ) Tj ET Q q 0 0 0 rg BT 165.95 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.00 658.10 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 199.11 658.10 Td (Africa ) Tj ET Q q 0 0 0 rg BT 227.56 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.92 658.10 Td (Europe. ) Tj ET Q q 0 0 0 rg BT 278.57 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 285.24 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.16 658.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 345.51 658.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 366.21 658.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 392.46 658.10 Td (would ) Tj ET Q q 0 0 0 rg BT 420.38 658.10 Td (make ) Tj ET Q q 0 0 0 rg BT 444.95 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.20 658.10 Td (products ) Tj ET Q q 0 0 0 rg BT 498.56 658.10 Td (more ) Tj ET Q q 0 0 0 rg BT 522.02 658.10 Td (expensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.74 646.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 101.93 646.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 147.06 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 173.58 646.10 Td (could ) Tj ET Q q 0 0 0 rg BT 197.87 646.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 241.60 646.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 270.89 646.10 Td (export ) Tj ET Q q 0 0 0 rg BT 298.52 646.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 322.08 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 328.75 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.83 646.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 387.34 646.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 407.20 646.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 432.60 646.10 Td (would ) Tj ET Q q 0 0 0 rg BT 459.68 646.10 Td (also ) Tj ET Q q 0 0 0 rg BT 477.87 646.10 Td (make ) Tj ET Q q 0 0 0 rg BT 501.61 646.10 Td (imported ) Tj ET Q q 0 0 0 rg BT 539.79 646.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (products ) Tj ET Q q 0 0 0 rg BT 86.80 634.10 Td (less ) Tj ET Q q 0 0 0 rg BT 104.16 634.10 Td (expensive, ) Tj ET Q q 0 0 0 rg BT 149.01 634.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 186.36 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.50 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 208.30 634.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 243.42 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.55 634.10 Td (imports ) Tj ET Q q 0 0 0 rg BT 286.47 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.16 634.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 317.85 634.10 Td (products ) Tj ET Q q 0 0 0 rg BT 354.65 634.10 Td (into ) Tj ET Q q 0 0 0 rg BT 372.57 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.14 634.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 406.77 634.10 Td (As ) Tj ET Q q 0 0 0 rg BT 420.24 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.04 634.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 454.12 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 469.81 634.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 504.39 634.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 525.07 634.10 Td (products, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 622.10 Td (are ) Tj ET Q q 0 0 0 rg BT 91.65 622.10 Td (made ) Tj ET Q q 0 0 0 rg BT 115.80 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.08 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.80 622.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 163.58 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 183.30 622.10 Td (become ) Tj ET Q q 0 0 0 rg BT 216.89 622.10 Td (more ) Tj ET Q q 0 0 0 rg BT 239.94 622.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 282.42 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.58 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.41 622.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 332.70 622.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 375.74 622.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 408.22 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.50 622.10 Td (imported ) Tj ET Q q 0 0 0 rg BT 457.10 622.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 477.93 622.10 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 601.10 Td (e are exposed to translation and transaction risks associated with fluctuations in foreign currency exchange rates. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (Hedging instruments may not be ef) Tj ET Q q 0 0 0 rg BT 194.55 589.10 Td (fective in mitigating such risks and may expose us to losses or limit our potential gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.77 574.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.64 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.64 574.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 153.84 574.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 183.83 574.10 Td (us ) Tj ET Q q 0 0 0 rg BT 194.94 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.94 574.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 249.37 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.02 574.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 312.11 574.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 333.22 574.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 376.54 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.53 574.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 445.96 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.96 574.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.05 574.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 524.25 574.10 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 71.28 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 82.02 562.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 123.85 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.03 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.66 562.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 168.85 562.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 191.77 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.68 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.41 562.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 251.48 562.10 Td (currency) Tj ET Q q 0 0 0 rg BT 285.80 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 290.18 562.10 Td (As ) Tj ET Q q 0 0 0 rg BT 303.70 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.54 562.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 337.66 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.73 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 366.34 562.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 397.08 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.26 562.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 438.54 562.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 475.92 562.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 516.08 562.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 537.38 562.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.23 562.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 90.85 550.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.93 550.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 158.13 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.00 550.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 215.97 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.85 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.16 550.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 297.47 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.89 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.20 550.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 365.06 550.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 388.16 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.69 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.01 550.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 447.43 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.97 550.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 505.28 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.70 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.13 550.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.16 538.10 Td (into ) Tj ET Q q 0 0 0 rg BT 112.21 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.04 538.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 171.08 538.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 208.56 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.72 538.10 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 261.88 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.16 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.99 538.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 343.27 538.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 382.98 538.10 Td (Statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 517.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.08 517.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.28 517.10 Td (also ) Tj ET Q q 0 0 0 rg BT 100.39 517.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 136.16 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.94 517.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 178.81 517.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 216.79 517.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 257.54 517.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 304.41 517.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 324.25 517.10 Td (As ) Tj ET Q q 0 0 0 rg BT 338.36 517.10 Td (part ) Tj ET Q q 0 0 0 rg BT 356.91 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.24 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.57 517.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 402.57 517.10 Td (management ) Tj ET Q q 0 0 0 rg BT 456.66 517.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 496.03 517.10 Td (we ) Tj ET Q q 0 0 0 rg BT 510.69 517.10 Td (use ) Tj ET Q q 0 0 0 rg BT 527.02 517.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 100.99 505.10 Td (including ) Tj ET Q q 0 0 0 rg BT 140.59 505.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 171.29 505.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 208.09 505.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 247.66 505.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 281.14 505.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 321.42 505.10 Td (While ) Tj ET Q q 0 0 0 rg BT 347.68 505.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 383.94 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.54 505.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 422.01 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.05 505.10 Td (ef) Tj ET Q q 0 0 0 rg BT 443.64 505.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 464.34 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.49 505.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 523.53 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.13 505.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.80 493.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 128.39 493.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 152.59 493.10 Td (these ) Tj ET Q q 0 0 0 rg BT 175.97 493.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 225.46 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 245.51 493.10 Td (not ) Tj ET Q q 0 0 0 rg BT 261.11 493.10 Td (be ) Tj ET Q q 0 0 0 rg BT 273.38 493.10 Td (ef) Tj ET Q q 0 0 0 rg BT 280.97 493.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 311.00 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.61 493.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 359.42 493.10 Td (all ) Tj ET Q q 0 0 0 rg BT 372.24 493.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 393.96 493.10 Td (related ) Tj ET Q q 0 0 0 rg BT 424.00 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.60 493.10 Td (such ) Tj ET Q q 0 0 0 rg BT 455.76 493.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 505.80 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.07 493.10 Td (may ) Tj ET Q q 0 0 0 rg BT 543.11 493.10 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.19 481.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 104.04 481.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 128.01 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.19 481.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 169.82 481.10 Td (us ) Tj ET Q q 0 0 0 rg BT 181.57 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.21 481.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 220.83 481.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 261.47 481.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.99 481.10 Td (do ) Tj ET Q q 0 0 0 rg BT 288.84 481.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.48 481.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 327.33 481.10 Td (into ) Tj ET Q q 0 0 0 rg BT 345.74 481.10 Td (these ) Tj ET Q q 0 0 0 rg BT 369.15 481.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 418.67 481.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.19 481.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 464.37 481.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 502.78 481.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.97 481.10 Td (speculation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.18 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 81.26 469.10 Td (management ) Tj ET Q q 0 0 0 rg BT 134.09 469.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 168.60 469.10 Td (all ) Tj ET Q q 0 0 0 rg BT 180.34 469.10 Td (such ) Tj ET Q q 0 0 0 rg BT 200.41 469.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 248.82 469.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.78 469.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 293.94 469.10 Td (into ) Tj ET Q q 0 0 0 rg BT 311.25 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.32 469.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 350.83 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.91 469.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 405.98 469.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 441.05 469.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 493.06 469.10 Td (these ) Tj ET Q q 0 0 0 rg BT 515.35 469.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.59 457.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 108.08 457.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.46 457.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 148.40 457.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 201.31 457.10 Td (by ) Tj ET Q q 0 0 0 rg BT 213.70 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.42 457.10 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 290.95 457.10 Td (Should ) Tj ET Q q 0 0 0 rg BT 321.67 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.39 457.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 396.42 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.59 457.10 Td (such ) Tj ET Q q 0 0 0 rg BT 427.30 457.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 476.36 457.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.08 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.68 457.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 539.07 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 457.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 94.41 445.10 Td (through ) Tj ET Q q 0 0 0 rg BT 128.29 445.10 Td (which ) Tj ET Q q 0 0 0 rg BT 155.50 445.10 Td (these ) Tj ET Q q 0 0 0 rg BT 178.81 445.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 229.35 445.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.32 445.10 Td (of) Tj ET Q q 0 0 0 rg BT 252.47 445.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 275.78 445.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 291.87 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.42 445.10 Td (honor ) Tj ET Q q 0 0 0 rg BT 328.52 445.10 Td (their ) Tj ET Q q 0 0 0 rg BT 349.61 445.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 396.82 445.10 Td (due ) Tj ET Q q 0 0 0 rg BT 414.03 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.58 445.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.32 445.10 Td (distress ) Tj ET Q q 0 0 0 rg BT 495.09 445.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.19 445.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 550.34 445.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (would ) Tj ET Q q 0 0 0 rg BT 76.62 433.10 Td (be ) Tj ET Q q 0 0 0 rg BT 87.68 433.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 122.06 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.46 433.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 168.07 433.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 193.58 433.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.53 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.36 433.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 252.31 433.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.71 433.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 293.30 433.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 338.79 433.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 361.52 433.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.57 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.41 433.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 445.79 433.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 479.06 433.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.67 433.10 Td (these ) Tj ET Q q 0 0 0 rg BT 512.84 433.10 Td (instruments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (Potential limitations on our ability to access capital resources may restrict our ability to operate or execute our growth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.47 385.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.04 385.10 Td (are ) Tj ET Q q 0 0 0 rg BT 125.16 385.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 153.73 385.10 Td (intensive. ) Tj ET Q q 0 0 0 rg BT 194.25 385.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 211.71 385.10 Td (business ) Tj ET Q q 0 0 0 rg BT 247.52 385.10 Td (also ) Tj ET Q q 0 0 0 rg BT 265.54 385.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 299.67 385.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 344.36 385.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 397.36 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.94 385.10 Td (routine ) Tj ET Q q 0 0 0 rg BT 441.18 385.10 Td (maintenance. ) Tj ET Q q 0 0 0 rg BT 495.99 385.10 Td (While ) Tj ET Q q 0 0 0 rg BT 522.33 385.10 Td (we ) Tj ET Q q 0 0 0 rg BT 535.91 385.10 Td (expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.43 373.10 Td (our ) Tj ET Q q 0 0 0 rg BT 85.19 373.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 106.40 373.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 164.53 373.10 Td (including ) Tj ET Q q 0 0 0 rg BT 205.74 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.39 373.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 255.93 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.70 373.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 297.78 373.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 354.81 373.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 375.46 373.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 409.71 373.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 454.53 373.10 Td (share ) Tj ET Q q 0 0 0 rg BT 479.06 373.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 529.69 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 547.57 373.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 110.65 361.10 Td (will ) Tj ET Q q 0 0 0 rg BT 129.38 361.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.00 361.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 179.59 361.10 Td (by ) Tj ET Q q 0 0 0 rg BT 192.77 361.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 234.26 361.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 276.30 361.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 301.69 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.20 361.10 Td (from ) Tj ET Q q 0 0 0 rg BT 335.81 361.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 384.54 361.10 Td (under ) Tj ET Q q 0 0 0 rg BT 410.48 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 426.98 361.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 470.69 361.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 516.64 361.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.25 361.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (facility) Tj ET Q q 0 0 0 rg BT 77.67 349.10 Td (, ) Tj ET Q q 0 0 0 rg BT 82.32 349.10 Td (there ) Tj ET Q q 0 0 0 rg BT 104.45 349.10 Td (can ) Tj ET Q q 0 0 0 rg BT 120.48 349.10 Td (be ) Tj ET Q q 0 0 0 rg BT 132.06 349.10 Td (no ) Tj ET Q q 0 0 0 rg BT 144.21 349.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 185.22 349.10 Td (that ) Tj ET Q q 0 0 0 rg BT 202.37 349.10 Td (this ) Tj ET Q q 0 0 0 rg BT 218.96 349.10 Td (will ) Tj ET Q q 0 0 0 rg BT 236.67 349.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.25 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.62 349.10 Td (case. ) Tj ET Q q 0 0 0 rg BT 284.00 349.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 328.92 349.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 378.84 349.10 Td (could ) Tj ET Q q 0 0 0 rg BT 403.20 349.10 Td (require ) Tj ET Q q 0 0 0 rg BT 433.67 349.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 473.58 349.10 Td (from ) Tj ET Q q 0 0 0 rg BT 495.16 349.10 Td (external ) Tj ET Q q 0 0 0 rg BT 529.51 349.10 Td (sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 89.72 328.10 Td (we ) Tj ET Q q 0 0 0 rg BT 103.31 328.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 134.12 328.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.72 328.10 Td (have ) Tj ET Q q 0 0 0 rg BT 168.54 328.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 206.00 328.10 Td (access ) Tj ET Q q 0 0 0 rg BT 233.48 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.20 328.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 297.33 328.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 342.04 328.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 392.03 328.10 Td (we ) Tj ET Q q 0 0 0 rg BT 405.62 328.10 Td (could ) Tj ET Q q 0 0 0 rg BT 429.78 328.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.15 328.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 481.41 328.10 Td (af) Tj ET Q q 0 0 0 rg BT 488.99 328.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 515.36 328.10 Td (if ) Tj ET Q q 0 0 0 rg BT 523.40 328.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.67 328.10 Td (banks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.47 316.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 102.16 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.98 316.10 Td (honor ) Tj ET Q q 0 0 0 rg BT 139.35 316.10 Td (their ) Tj ET Q q 0 0 0 rg BT 160.71 316.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 208.17 316.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 265.65 316.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.01 316.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 306.70 316.10 Td (lending. ) Tj ET Q q 0 0 0 rg BT 342.23 316.10 Td (Failure ) Tj ET Q q 0 0 0 rg BT 373.60 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.41 316.10 Td (access ) Tj ET Q q 0 0 0 rg BT 412.99 316.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.36 316.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.16 316.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 492.63 316.10 Td (could ) Tj ET Q q 0 0 0 rg BT 517.88 316.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 548.68 316.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.05 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.33 304.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 109.16 304.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 155.82 304.10 Td (make ) Tj ET Q q 0 0 0 rg BT 179.97 304.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 209.12 304.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 262.71 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.54 304.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 306.58 304.10 Td (acquisitions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (The agreement governing our bank credit facility imposes certain restrictions on our business and contains financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (covenants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.61 256.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 110.20 256.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 155.02 256.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 176.52 256.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 201.34 256.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 245.03 256.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 280.42 256.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 309.67 256.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 356.16 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.22 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 383.60 256.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 422.05 256.10 Td (including ) Tj ET Q q 0 0 0 rg BT 461.88 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.27 256.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 504.87 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.71 256.10 Td (create ) Tj ET Q q 0 0 0 rg BT 540.63 256.10 Td (liens, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 71.39 244.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 113.88 244.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 145.54 244.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 168.04 244.10 Td (into ) Tj ET Q q 0 0 0 rg BT 186.10 244.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 236.38 244.10 Td (with ) Tj ET Q q 0 0 0 rg BT 256.66 244.10 Td (af) Tj ET Q q 0 0 0 rg BT 264.25 244.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 296.47 244.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 328.40 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.35 244.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 377.86 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.70 244.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 435.93 244.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 477.30 244.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 499.53 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.47 244.10 Td (consolidate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.40 232.10 Td (mer) Tj ET Q q 0 0 0 rg BT 75.77 232.10 Td (ge. ) Tj ET Q q 0 0 0 rg BT 89.63 232.10 Td (These ) Tj ET Q q 0 0 0 rg BT 115.58 232.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 162.08 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 181.37 232.10 Td (af) Tj ET Q q 0 0 0 rg BT 188.96 232.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.02 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.42 232.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 249.04 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.89 232.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 290.39 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.79 232.10 Td (business ) Tj ET Q q 0 0 0 rg BT 341.75 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.15 232.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 384.76 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.16 232.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 430.56 232.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 464.29 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.80 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 500.09 232.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 521.05 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.45 232.10 Td (ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.55 220.10 Td (take ) Tj ET Q q 0 0 0 rg BT 77.97 220.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 120.27 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.37 220.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 167.12 220.10 Td (business ) Tj ET Q q 0 0 0 rg BT 202.78 220.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 257.32 220.10 Td (as ) Tj ET Q q 0 0 0 rg BT 267.42 220.10 Td (they ) Tj ET Q q 0 0 0 rg BT 286.41 220.10 Td (arise. ) Tj ET Q q 0 0 0 rg BT 309.55 220.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 326.87 220.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 348.08 220.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 372.61 220.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 416.02 220.10 Td (also ) Tj ET Q q 0 0 0 rg BT 433.89 220.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 467.87 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.63 220.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.06 220.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 534.81 220.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.98 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.42 208.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.97 208.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 174.46 208.10 Td (including ) Tj ET Q q 0 0 0 rg BT 215.23 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.67 208.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 264.57 208.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 288.12 208.10 Td (char) Tj ET Q q 0 0 0 rg BT 305.14 208.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 317.58 208.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 356.67 208.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 378.00 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.44 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.88 208.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 446.43 208.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 483.30 208.10 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 507.12 208.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 525.68 208.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.23 208.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 82.00 196.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.78 196.10 Td (these ) Tj ET Q q 0 0 0 rg BT 124.32 196.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 166.31 196.10 Td (may ) Tj ET Q q 0 0 0 rg BT 185.53 196.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.97 196.10 Td (af) Tj ET Q q 0 0 0 rg BT 204.55 196.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 230.98 196.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.98 196.10 Td (events ) Tj ET Q q 0 0 0 rg BT 270.53 196.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 301.97 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.30 196.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 350.13 196.10 Td (including ) Tj ET Q q 0 0 0 rg BT 389.90 196.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 432.44 196.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 475.82 196.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 512.80 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 196.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 96.32 184.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 114.02 184.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 142.27 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.20 184.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 184.35 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.28 184.10 Td (any ) Tj ET Q q 0 0 0 rg BT 220.87 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.36 184.10 Td (these ) Tj ET Q q 0 0 0 rg BT 254.06 184.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 300.64 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 311.13 184.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.26 184.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 390.40 184.10 Td (could ) Tj ET Q q 0 0 0 rg BT 414.77 184.10 Td (result ) Tj ET Q q 0 0 0 rg BT 439.14 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.07 184.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.66 184.10 Td (event ) Tj ET Q q 0 0 0 rg BT 484.47 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.96 184.10 Td (default ) Tj ET Q q 0 0 0 rg BT 524.87 184.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 184.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 71.98 172.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 97.28 172.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 143.95 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.93 172.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 189.57 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.43 172.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 236.85 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.16 172.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 271.35 172.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 303.88 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.19 172.10 Td (us ) Tj ET Q q 0 0 0 rg BT 325.62 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.60 172.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 373.99 172.10 Td (all ) Tj ET Q q 0 0 0 rg BT 386.53 172.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 422.95 172.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 463.81 172.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.78 172.10 Td (them ) Tj ET Q q 0 0 0 rg BT 508.31 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.63 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.60 172.10 Td (due ) Tj ET Q q 0 0 0 rg BT 547.58 172.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 86.13 160.10 Td (together ) Tj ET Q q 0 0 0 rg BT 121.43 160.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.75 160.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 175.37 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.35 160.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 222.10 160.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 256.39 160.10 Td (This ) Tj ET Q q 0 0 0 rg BT 276.71 160.10 Td (could ) Tj ET Q q 0 0 0 rg BT 301.46 160.10 Td (require ) Tj ET Q q 0 0 0 rg BT 332.32 160.10 Td (us ) Tj ET Q q 0 0 0 rg BT 343.75 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.06 160.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 393.79 160.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.66 160.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 431.64 160.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 456.94 160.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 503.62 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 530.59 160.10 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 160.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 148.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.22 148.10 Td (able ) Tj ET Q q 0 0 0 rg BT 96.37 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.65 148.10 Td (do ) Tj ET Q q 0 0 0 rg BT 119.15 148.10 Td (at ) Tj ET Q q 0 0 0 rg BT 128.87 148.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 153.58 148.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 198.27 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.55 148.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 222.44 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.27 148.10 Td (at ) Tj ET Q q 0 0 0 rg BT 242.99 148.10 Td (all. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (Consolidation in the steel industry may reduce demand for our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (There ) Tj ET Q q 0 0 0 rg BT 76.03 112.10 Td (has ) Tj ET Q q 0 0 0 rg BT 92.08 112.10 Td (been ) Tj ET Q q 0 0 0 rg BT 113.68 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.84 112.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 165.77 112.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 198.48 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.53 112.10 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 266.13 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.63 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.56 112.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 312.61 112.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 348.10 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.60 112.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 385.74 112.10 Td (years ) Tj ET Q q 0 0 0 rg BT 409.56 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.27 112.10 Td (has ) Tj ET Q q 0 0 0 rg BT 443.32 112.10 Td (included ) Tj ET Q q 0 0 0 rg BT 480.48 112.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 501.52 112.10 Td (mills ) Tj ET Q q 0 0 0 rg BT 524.24 112.10 Td (acquiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 71.32 100.10 Td (fabricators ) Tj ET Q q 0 0 0 rg BT 117.07 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.84 100.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 156.93 100.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 191.58 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.23 100.10 Td (their ) Tj ET Q q 0 0 0 rg BT 227.55 100.10 Td (products. ) Tj ET Q q 0 0 0 rg BT 267.48 100.10 Td (If ) Tj ET Q q 0 0 0 rg BT 277.13 100.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.57 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.89 100.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 329.79 100.10 Td (s ) Tj ET Q q 0 0 0 rg BT 336.67 100.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 381.88 100.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 425.42 100.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 468.96 100.10 Td (were ) Tj ET Q q 0 0 0 rg BT 491.38 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.15 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 514.58 100.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 552.00 100.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 94.76 88.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 115.64 88.10 Td (mills, ) Tj ET Q q 0 0 0 rg BT 140.69 88.10 Td (this ) Tj ET Q q 0 0 0 rg BT 157.69 88.10 Td (could ) Tj ET Q q 0 0 0 rg BT 182.46 88.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 211.65 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.42 88.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 260.63 88.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.84 88.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.72 88.10 Td (products ) Tj ET Q q 0 0 0 rg BT 327.71 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.70 88.10 Td (force ) Tj ET Q q 0 0 0 rg BT 367.78 88.10 Td (us ) Tj ET Q q 0 0 0 rg BT 379.22 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.55 88.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 414.87 88.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.75 88.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 459.68 88.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 497.22 88.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.10 88.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 553.68 88.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.94 76.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 88.75 76.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 136.73 76.10 Td (which ) Tj ET Q q 0 0 0 rg BT 163.33 76.10 Td (could ) Tj ET Q q 0 0 0 rg BT 187.71 76.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 222.62 76.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.11 76.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 255.83 76.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.99 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.59 76.10 Td (have ) Tj ET Q q 0 0 0 rg BT 315.63 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.23 76.10 Td (material ) Tj ET Q q 0 0 0 rg BT 357.15 76.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 389.84 76.10 Td (ef) Tj ET Q q 0 0 0 rg BT 397.43 76.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 414.58 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.74 76.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.23 76.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.37 76.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 519.30 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.90 76.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 64.10 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (16) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Increases in imports of foreign steel into the U.S. may reduce domestic demand for our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 92.20 727.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 134.40 727.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.83 727.25 Td (China ) Tj ET Q q 0 0 0 rg BT 169.38 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.47 727.25 Td (other ) Tj ET Q q 0 0 0 rg BT 207.67 727.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 238.20 727.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 276.51 727.25 Td (has ) Tj ET Q q 0 0 0 rg BT 291.50 727.25 Td (af) Tj ET Q q 0 0 0 rg BT 299.09 727.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 325.17 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.04 727.25 Td (availability) Tj ET Q q 0 0 0 rg BT 383.37 727.25 Td (, ) Tj ET Q q 0 0 0 rg BT 387.53 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.62 727.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 443.03 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.90 727.25 Td (price ) Tj ET Q q 0 0 0 rg BT 478.54 727.25 Td (volatility) Tj ET Q q 0 0 0 rg BT 514.00 727.25 Td (, ) Tj ET Q q 0 0 0 rg BT 518.16 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.14 727.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.72 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.67 715.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 112.50 715.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 151.94 715.25 Td (Expansions ) Tj ET Q q 0 0 0 rg BT 200.56 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.50 715.25 Td (contractions ) Tj ET Q q 0 0 0 rg BT 268.88 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.17 715.25 Td (these ) Tj ET Q q 0 0 0 rg BT 302.22 715.25 Td (economies ) Tj ET Q q 0 0 0 rg BT 347.50 715.25 Td (can ) Tj ET Q q 0 0 0 rg BT 363.88 715.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 416.38 715.25 Td (af) Tj ET Q q 0 0 0 rg BT 423.96 715.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 441.46 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.18 715.25 Td (price ) Tj ET Q q 0 0 0 rg BT 478.67 715.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.51 715.25 Td (commodities ) Tj ET Q q 0 0 0 rg BT 543.68 715.25 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.24 703.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 86.72 703.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.52 703.25 Td (our ) Tj ET Q q 0 0 0 rg BT 115.66 703.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 154.86 703.25 Td (as ) Tj ET Q q 0 0 0 rg BT 165.99 703.25 Td (well ) Tj ET Q q 0 0 0 rg BT 186.01 703.25 Td (as ) Tj ET Q q 0 0 0 rg BT 197.15 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.17 703.25 Td (price ) Tj ET Q q 0 0 0 rg BT 234.96 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.10 703.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 281.12 703.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 302.25 703.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 341.37 703.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 391.28 703.25 Td (, ) Tj ET Q q 0 0 0 rg BT 396.58 703.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.16 703.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.41 703.25 Td (number ) Tj ET Q q 0 0 0 rg BT 447.76 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.90 703.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 490.58 703.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 532.54 703.25 Td (such ) Tj ET Q q 0 0 0 rg BT 553.67 703.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (China, ) Tj ET Q q 0 0 0 rg BT 78.66 691.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 99.26 691.25 Td (producers ) Tj ET Q q 0 0 0 rg BT 140.96 691.25 Td (are ) Tj ET Q q 0 0 0 rg BT 155.44 691.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 194.91 691.25 Td (government-owned ) Tj ET Q q 0 0 0 rg BT 274.94 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.65 691.25 Td (may ) Tj ET Q q 0 0 0 rg BT 311.13 691.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 349.49 691.25 Td (make ) Tj ET Q q 0 0 0 rg BT 373.42 691.25 Td (production ) Tj ET Q q 0 0 0 rg BT 419.02 691.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 458.50 691.25 Td (based ) Tj ET Q q 0 0 0 rg BT 483.54 691.25 Td (on ) Tj ET Q q 0 0 0 rg BT 495.82 691.25 Td (political ) Tj ET Q q 0 0 0 rg BT 530.86 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.46 691.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 79.02 679.25 Td (that ) Tj ET Q q 0 0 0 rg BT 95.82 679.25 Td (do ) Tj ET Q q 0 0 0 rg BT 107.63 679.25 Td (not ) Tj ET Q q 0 0 0 rg BT 122.22 679.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 149.57 679.25 Td (market ) Tj ET Q q 0 0 0 rg BT 179.14 679.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 225.12 679.25 Td (Disruptions ) Tj ET Q q 0 0 0 rg BT 273.60 679.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.18 679.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 313.87 679.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 347.34 679.25 Td (from ) Tj ET Q q 0 0 0 rg BT 368.59 679.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 396.50 679.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 416.63 679.25 Td (production ) Tj ET Q q 0 0 0 rg BT 461.77 679.25 Td (may ) Tj ET Q q 0 0 0 rg BT 480.79 679.25 Td (encourage ) Tj ET Q q 0 0 0 rg BT 523.69 679.25 Td (importers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.16 667.25 Td (tar) Tj ET Q q 0 0 0 rg BT 70.53 667.25 Td (get ) Tj ET Q q 0 0 0 rg BT 85.13 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.72 667.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 119.89 667.25 Td (with ) Tj ET Q q 0 0 0 rg BT 140.05 667.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 168.53 667.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 204.22 667.25 Td (at ) Tj ET Q q 0 0 0 rg BT 213.82 667.25 Td (aggressive ) Tj ET Q q 0 0 0 rg BT 258.41 667.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 287.17 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.99 667.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 338.04 667.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 360.40 667.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 381.11 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.93 667.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 444.75 667.25 Td (may ) Tj ET Q q 0 0 0 rg BT 464.35 667.25 Td (be ) Tj ET Q q 0 0 0 rg BT 476.17 667.25 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 521.86 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.02 667.25 Td (prevent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (unfair ) Tj ET Q q 0 0 0 rg BT 76.54 655.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 99.19 655.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 139.89 655.25 Td (which ) Tj ET Q q 0 0 0 rg BT 166.99 655.25 Td (could ) Tj ET Q q 0 0 0 rg BT 191.88 655.25 Td (have ) Tj ET Q q 0 0 0 rg BT 213.42 655.25 Td (a ) Tj ET Q q 0 0 0 rg BT 220.52 655.25 Td (material ) Tj ET Q q 0 0 0 rg BT 255.94 655.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 289.15 655.25 Td (ef) Tj ET Q q 0 0 0 rg BT 296.73 655.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 314.38 655.25 Td (on ) Tj ET Q q 0 0 0 rg BT 327.05 655.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.04 655.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 380.69 655.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 421.13 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.23 655.25 Td (results ) Tj ET Q q 0 0 0 rg BT 467.01 655.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.00 655.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 524.23 655.25 Td (Although ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 72.29 643.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 119.02 643.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 149.08 643.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.71 643.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 190.90 643.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 217.08 643.25 Td (on ) Tj ET Q q 0 0 0 rg BT 229.38 643.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.90 643.25 Td (importation ) Tj ET Q q 0 0 0 rg BT 292.86 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 303.49 643.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 332.99 643.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 372.23 643.25 Td (if ) Tj ET Q q 0 0 0 rg BT 380.64 643.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 411.82 643.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 432.44 643.25 Td (production ) Tj ET Q q 0 0 0 rg BT 478.07 643.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 530.36 643.25 Td (exceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (consumption ) Tj ET Q q 0 0 0 rg BT 104.84 631.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.79 631.25 Td (those ) Tj ET Q q 0 0 0 rg BT 140.07 631.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 182.39 631.25 Td (imports ) Tj ET Q q 0 0 0 rg BT 216.12 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.62 631.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 249.12 631.25 Td (products ) Tj ET Q q 0 0 0 rg BT 286.73 631.25 Td (into ) Tj ET Q q 0 0 0 rg BT 305.46 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.84 631.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 341.80 631.25 Td (could ) Tj ET Q q 0 0 0 rg BT 367.19 631.25 Td (increase, ) Tj ET Q q 0 0 0 rg BT 405.61 631.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 443.78 631.25 Td (in ) Tj ET Q q 0 0 0 rg BT 454.73 631.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 480.67 631.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 517.73 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.34 631.25 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.38 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 90.54 619.25 Td (SMB) Tj ET Q q 0 0 0 rg BT 114.44 619.25 Td (s ) Tj ET Q q 0 0 0 rg BT 120.83 619.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 141.66 619.25 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 83.51 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.68 598.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 123.29 598.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 161.22 598.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 195.83 598.25 Td (from ) Tj ET Q q 0 0 0 rg BT 218.22 598.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 268.95 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.68 598.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 325.96 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.92 598.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 408.55 598.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 455.94 598.25 Td (may ) Tj ET Q q 0 0 0 rg BT 475.55 598.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 505.71 598.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.56 598.25 Td (operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (results ) Tj ET Q q 0 0 0 rg BT 79.73 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.79 586.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.18 586.25 Td (flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 571.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.76 571.25 Td (make ) Tj ET Q q 0 0 0 rg BT 90.10 571.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 135.00 571.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 185.46 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 195.92 571.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 241.38 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.50 571.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 319.50 571.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 366.62 571.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 426.51 571.25 Td (aimed ) Tj ET Q q 0 0 0 rg BT 453.63 571.25 Td (at ) Tj ET Q q 0 0 0 rg BT 463.54 571.25 Td (increasing ) Tj ET Q q 0 0 0 rg BT 507.31 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.22 571.25 Td (ef) Tj ET Q q 0 0 0 rg BT 529.80 571.25 Td (ficiency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.59 559.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 114.27 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.75 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 140.23 559.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 184.60 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.19 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.11 559.25 Td (maximize ) Tj ET Q q 0 0 0 rg BT 252.69 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 268.17 559.25 Td (economies ) Tj ET Q q 0 0 0 rg BT 313.08 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.56 559.25 Td (scale. ) Tj ET Q q 0 0 0 rg BT 348.19 559.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 378.67 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 388.59 559.25 Td (realize ) Tj ET Q q 0 0 0 rg BT 417.38 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.75 559.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 477.76 559.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 511.57 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.15 559.25 Td (generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 88.20 547.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 118.64 547.25 Td (on ) Tj ET Q q 0 0 0 rg BT 131.31 547.25 Td (such ) Tj ET Q q 0 0 0 rg BT 152.31 547.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 181.63 547.25 Td (improvement ) Tj ET Q q 0 0 0 rg BT 237.62 547.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 271.95 547.25 Td (may ) Tj ET Q q 0 0 0 rg BT 291.83 547.25 Td (have ) Tj ET Q q 0 0 0 rg BT 313.38 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.49 547.25 Td (material ) Tj ET Q q 0 0 0 rg BT 355.92 547.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 389.12 547.25 Td (ef) Tj ET Q q 0 0 0 rg BT 396.71 547.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 414.37 547.25 Td (on ) Tj ET Q q 0 0 0 rg BT 427.04 547.25 Td (our ) Tj ET Q q 0 0 0 rg BT 443.04 547.25 Td (results ) Tj ET Q q 0 0 0 rg BT 471.82 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 482.82 547.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 527.14 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.25 547.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (flows. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Reliance on third party shipping companies may restrict our ability to ship our products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 74.70 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.60 499.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 115.19 499.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 154.86 499.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 172.88 499.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.35 499.25 Td (third ) Tj ET Q q 0 0 0 rg BT 206.70 499.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 235.82 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.07 499.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 275.19 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.10 499.25 Td (transport ) Tj ET Q q 0 0 0 rg BT 330.11 499.25 Td (raw ) Tj ET Q q 0 0 0 rg BT 347.57 499.25 Td (materials ) Tj ET Q q 0 0 0 rg BT 386.69 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.93 499.25 Td (their ) Tj ET Q q 0 0 0 rg BT 417.72 499.25 Td (production ) Tj ET Q q 0 0 0 rg BT 463.52 499.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 500.41 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.32 499.25 Td (products ) Tj ET Q q 0 0 0 rg BT 554.22 499.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.68 487.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 128.86 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 144.83 487.25 Td (practice ) Tj ET Q q 0 0 0 rg BT 179.10 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.07 487.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 226.03 487.25 Td (a ) Tj ET Q q 0 0 0 rg BT 233.10 487.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 278.50 487.25 Td (group ) Tj ET Q q 0 0 0 rg BT 304.47 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.43 487.25 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 354.17 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.14 487.25 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 425.81 487.25 Td (due ) Tj ET Q q 0 0 0 rg BT 442.89 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.30 487.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 483.14 487.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 515.21 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 531.18 487.25 Td (control, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (including ) Tj ET Q q 0 0 0 rg BT 91.40 475.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 127.23 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.64 475.25 Td (fuel ) Tj ET Q q 0 0 0 rg BT 157.81 475.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 187.82 475.25 Td (political ) Tj ET Q q 0 0 0 rg BT 224.21 475.25 Td (events, ) Tj ET Q q 0 0 0 rg BT 255.89 475.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 314.49 475.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 358.66 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.62 475.25 Td (transportation, ) Tj ET Q q 0 0 0 rg BT 432.29 475.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 468.12 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 479.53 475.25 Td (market ) Tj ET Q q 0 0 0 rg BT 510.92 475.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 535.92 475.25 Td (carrier ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 96.88 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.22 463.25 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 159.57 463.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.25 463.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 226.69 463.25 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 284.95 463.25 Td (third ) Tj ET Q q 0 0 0 rg BT 305.74 463.25 Td (party ) Tj ET Q q 0 0 0 rg BT 328.18 463.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 364.53 463.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 409.19 463.25 Td (may ) Tj ET Q q 0 0 0 rg BT 428.31 463.25 Td (be ) Tj ET Q q 0 0 0 rg BT 439.65 463.25 Td (forced ) Tj ET Q q 0 0 0 rg BT 467.08 463.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.76 463.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 511.42 463.25 Td (their ) Tj ET Q q 0 0 0 rg BT 531.64 463.25 Td (char) Tj ET Q q 0 0 0 rg BT 548.67 463.25 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.97 451.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 121.83 451.25 Td (services ) Tj ET Q q 0 0 0 rg BT 156.35 451.25 Td (or ) Tj ET Q q 0 0 0 rg BT 166.99 451.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 208.18 451.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 237.13 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.66 451.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 298.96 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.60 451.25 Td (their ) Tj ET Q q 0 0 0 rg BT 330.24 451.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 365.31 451.25 Td (or ) Tj ET Q q 0 0 0 rg BT 375.96 451.25 Td (ships, ) Tj ET Q q 0 0 0 rg BT 401.33 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.08 451.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 437.06 451.25 Td (we ) Tj ET Q q 0 0 0 rg BT 451.04 451.25 Td (may ) Tj ET Q q 0 0 0 rg BT 470.56 451.25 Td (not ) Tj ET Q q 0 0 0 rg BT 485.65 451.25 Td (be ) Tj ET Q q 0 0 0 rg BT 497.40 451.25 Td (able ) Tj ET Q q 0 0 0 rg BT 516.37 451.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.46 451.25 Td (transport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.45 439.25 Td (products ) Tj ET Q q 0 0 0 rg BT 104.02 439.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.92 439.25 Td (a ) Tj ET Q q 0 0 0 rg BT 122.48 439.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 151.16 439.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.72 439.25 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 195.75 439.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 226.07 439.25 Td (manner) Tj ET Q q 0 0 0 rg BT 255.66 439.25 Td (, ) Tj ET Q q 0 0 0 rg BT 261.28 439.25 Td (which ) Tj ET Q q 0 0 0 rg BT 288.84 439.25 Td (could ) Tj ET Q q 0 0 0 rg BT 314.18 439.25 Td (have ) Tj ET Q q 0 0 0 rg BT 336.19 439.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.75 439.25 Td (material ) Tj ET Q q 0 0 0 rg BT 379.63 439.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 413.29 439.25 Td (ef) Tj ET Q q 0 0 0 rg BT 420.88 439.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 438.99 439.25 Td (on ) Tj ET Q q 0 0 0 rg BT 452.11 439.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.57 439.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.67 439.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 547.57 439.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.44 427.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.59 427.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.53 427.25 Td (may ) Tj ET Q q 0 0 0 rg BT 170.25 427.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 193.30 427.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.13 427.25 Td (reputation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Equipment upgrades and equipment failures may lead to production curtailments or shutdowns) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.40 389.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 110.44 389.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.73 389.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 190.88 389.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 233.04 389.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 265.77 389.25 Td (on ) Tj ET Q q 0 0 0 rg BT 279.61 389.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 311.21 389.25 Td (pieces ) Tj ET Q q 0 0 0 rg BT 340.04 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 352.22 389.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 400.77 389.25 Td (including ) Tj ET Q q 0 0 0 rg BT 442.39 389.25 Td (shredders, ) Tj ET Q q 0 0 0 rg BT 487.06 389.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 534.22 389.25 Td (sorting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.25 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 377.25 Td (, ) Tj ET Q q 0 0 0 rg BT 98.92 377.25 Td (furnaces ) Tj ET Q q 0 0 0 rg BT 135.42 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.49 377.25 Td (rolling ) Tj ET Q q 0 0 0 rg BT 181.79 377.25 Td (mills, ) Tj ET Q q 0 0 0 rg BT 206.93 377.25 Td (which ) Tj ET Q q 0 0 0 rg BT 234.00 377.25 Td (may ) Tj ET Q q 0 0 0 rg BT 253.85 377.25 Td (be ) Tj ET Q q 0 0 0 rg BT 265.93 377.25 Td (out ) Tj ET Q q 0 0 0 rg BT 281.34 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.30 377.25 Td (service ) Tj ET Q q 0 0 0 rg BT 323.25 377.25 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 375.87 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 390.16 377.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 432.78 377.25 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 471.52 377.25 Td (or ) Tj ET Q q 0 0 0 rg BT 482.48 377.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 535.64 377.25 Td (or ) Tj ET Q q 0 0 0 rg BT 546.61 377.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 377.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (result ) Tj ET Q q 0 0 0 rg BT 74.04 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.20 365.25 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 139.89 365.25 Td (failures. ) Tj ET Q q 0 0 0 rg BT 174.20 365.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 191.58 365.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 227.83 365.25 Td (are ) Tj ET Q q 0 0 0 rg BT 241.86 365.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.01 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.62 365.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 325.65 365.25 Td (failures ) Tj ET Q q 0 0 0 rg BT 357.46 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.73 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.77 365.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 404.60 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.75 365.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 464.89 365.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 482.27 365.25 Td (due ) Tj ET Q q 0 0 0 rg BT 498.54 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.14 365.25 Td (unanticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (events ) Tj ET Q q 0 0 0 rg BT 78.79 353.25 Td (such ) Tj ET Q q 0 0 0 rg BT 100.37 353.25 Td (as ) Tj ET Q q 0 0 0 rg BT 111.94 353.25 Td (fires, ) Tj ET Q q 0 0 0 rg BT 135.45 353.25 Td (accidents ) Tj ET Q q 0 0 0 rg BT 175.90 353.25 Td (or ) Tj ET Q q 0 0 0 rg BT 187.48 353.25 Td (violent ) Tj ET Q q 0 0 0 rg BT 218.49 353.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 253.38 353.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 300.56 353.25 Td (W) Tj ET Q q 0 0 0 rg BT 309.20 353.25 Td (e ) Tj ET Q q 0 0 0 rg BT 316.88 353.25 Td (have ) Tj ET Q q 0 0 0 rg BT 339.00 353.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 380.56 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.81 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.83 353.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 420.28 353.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 450.73 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.30 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.76 353.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 499.90 353.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.24 353.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 95.06 341.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 129.01 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.30 341.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 184.15 341.25 Td (business ) Tj ET Q q 0 0 0 rg BT 220.89 341.25 Td (interruption, ) Tj ET Q q 0 0 0 rg BT 273.45 341.25 Td (but ) Tj ET Q q 0 0 0 rg BT 289.08 341.25 Td (there ) Tj ET Q q 0 0 0 rg BT 311.92 341.25 Td (are ) Tj ET Q q 0 0 0 rg BT 326.98 341.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.03 341.25 Td (events ) Tj ET Q q 0 0 0 rg BT 385.43 341.25 Td (that ) Tj ET Q q 0 0 0 rg BT 403.28 341.25 Td (would ) Tj ET Q q 0 0 0 rg BT 431.13 341.25 Td (not ) Tj ET Q q 0 0 0 rg BT 446.76 341.25 Td (be ) Tj ET Q q 0 0 0 rg BT 459.05 341.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 493.54 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 506.40 341.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 547.56 341.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (there ) Tj ET Q q 0 0 0 rg BT 72.95 329.25 Td (can ) Tj ET Q q 0 0 0 rg BT 89.79 329.25 Td (be ) Tj ET Q q 0 0 0 rg BT 102.20 329.25 Td (no ) Tj ET Q q 0 0 0 rg BT 115.17 329.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 157.00 329.25 Td (that ) Tj ET Q q 0 0 0 rg BT 174.96 329.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 216.24 329.25 Td (will ) Tj ET Q q 0 0 0 rg BT 234.77 329.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 272.17 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.91 329.25 Td (be ) Tj ET Q q 0 0 0 rg BT 295.31 329.25 Td (available ) Tj ET Q q 0 0 0 rg BT 334.37 329.25 Td (on ) Tj ET Q q 0 0 0 rg BT 347.34 329.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 392.49 329.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 420.17 329.25 Td (Interruptions ) Tj ET Q q 0 0 0 rg BT 474.79 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.54 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 501.84 329.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 547.57 329.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (production ) Tj ET Q q 0 0 0 rg BT 95.83 317.25 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 143.86 317.25 Td (could ) Tj ET Q q 0 0 0 rg BT 168.58 317.25 Td (have ) Tj ET Q q 0 0 0 rg BT 189.96 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 196.89 317.25 Td (material ) Tj ET Q q 0 0 0 rg BT 232.15 317.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 265.19 317.25 Td (ef) Tj ET Q q 0 0 0 rg BT 272.78 317.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 290.26 317.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.76 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 318.59 317.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 356.07 317.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 398.85 317.25 Td (results ) Tj ET Q q 0 0 0 rg BT 427.46 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.29 317.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 482.44 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.38 317.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 519.65 317.25 Td (flows. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (Product liability claims may adversely impact our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 281.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.56 281.25 Td (could ) Tj ET Q q 0 0 0 rg BT 90.25 281.25 Td (inadvertently ) Tj ET Q q 0 0 0 rg BT 145.49 281.25 Td (acquire ) Tj ET Q q 0 0 0 rg BT 177.40 281.25 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 224.30 281.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 247.88 281.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 272.57 281.25 Td (that ) Tj ET Q q 0 0 0 rg BT 290.04 281.25 Td (could ) Tj ET Q q 0 0 0 rg BT 314.74 281.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 359.99 281.25 Td (end ) Tj ET Q q 0 0 0 rg BT 376.91 281.25 Td (up ) Tj ET Q q 0 0 0 rg BT 389.39 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.65 281.25 Td (mixed ) Tj ET Q q 0 0 0 rg BT 427.12 281.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 450.70 281.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 475.40 281.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 508.98 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.24 281.25 Td (consumers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.25 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 97.33 269.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 137.75 269.25 Td (we ) Tj ET Q q 0 0 0 rg BT 152.05 269.25 Td (have ) Tj ET Q q 0 0 0 rg BT 173.57 269.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 209.54 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.96 269.25 Td (radiation ) Tj ET Q q 0 0 0 rg BT 258.15 269.25 Td (detection ) Tj ET Q q 0 0 0 rg BT 297.44 269.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 342.30 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.72 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.58 269.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 404.10 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.08 269.25 Td (our ) Tj ET Q q 0 0 0 rg BT 431.05 269.25 Td (locations, ) Tj ET Q q 0 0 0 rg BT 472.29 269.25 Td (including ) Tj ET Q q 0 0 0 rg BT 512.71 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 269.25 Td (facilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.46 257.25 Td (which ) Tj ET Q q 0 0 0 rg BT 97.92 257.25 Td (we ) Tj ET Q q 0 0 0 rg BT 111.59 257.25 Td (ship ) Tj ET Q q 0 0 0 rg BT 130.28 257.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 162.84 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.64 257.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 217.71 257.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 245.82 257.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.62 257.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 281.51 257.25 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 327.95 257.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 351.06 257.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 375.30 257.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 408.97 257.25 Td (a ) Tj ET Q q 0 0 0 rg BT 415.43 257.25 Td (possibility) Tj ET Q q 0 0 0 rg BT 456.45 257.25 Td (. ) Tj ET Q q 0 0 0 rg BT 460.97 257.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 483.54 257.25 Td (though ) Tj ET Q q 0 0 0 rg BT 513.33 257.25 Td (we ) Tj ET Q q 0 0 0 rg BT 527.01 257.25 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.66 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.78 245.25 Td (address ) Tj ET Q q 0 0 0 rg BT 133.11 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.67 245.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 165.01 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.68 245.25 Td (this ) Tj ET Q q 0 0 0 rg BT 192.47 245.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 220.90 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.02 245.25 Td (detection, ) Tj ET Q q 0 0 0 rg BT 272.51 245.25 Td (there ) Tj ET Q q 0 0 0 rg BT 294.84 245.25 Td (can ) Tj ET Q q 0 0 0 rg BT 311.06 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 322.84 245.25 Td (no ) Tj ET Q q 0 0 0 rg BT 335.18 245.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 376.39 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 393.73 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.28 245.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 448.94 245.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 487.37 245.25 Td (would ) Tj ET Q q 0 0 0 rg BT 514.71 245.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.49 245.25 Td (adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.46 233.25 Td (will ) Tj ET Q q 0 0 0 rg BT 78.15 233.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 114.72 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.63 233.25 Td (be ) Tj ET Q q 0 0 0 rg BT 136.20 233.25 Td (available ) Tj ET Q q 0 0 0 rg BT 174.42 233.25 Td (on ) Tj ET Q q 0 0 0 rg BT 186.56 233.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 230.88 233.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 257.73 233.25 Td (In ) Tj ET Q q 0 0 0 rg BT 268.19 233.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 305.59 233.25 Td (if ) Tj ET Q q 0 0 0 rg BT 313.84 233.25 Td (we ) Tj ET Q q 0 0 0 rg BT 327.63 233.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 343.09 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.00 233.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 374.56 233.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 421.12 233.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 475.45 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 489.24 233.25 Td (a ) Tj ET Q q 0 0 0 rg BT 495.82 233.25 Td (product, ) Tj ET Q q 0 0 0 rg BT 531.00 233.25 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 233.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.61 221.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 92.10 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.05 221.25 Td (product ) Tj ET Q q 0 0 0 rg BT 134.77 221.25 Td (warranty ) Tj ET Q q 0 0 0 rg BT 172.48 221.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 194.65 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.26 221.25 Td (claims. ) Tj ET Q q 0 0 0 rg BT 241.87 221.25 Td (These ) Tj ET Q q 0 0 0 rg BT 267.92 221.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 290.09 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.70 221.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 334.98 221.25 Td (could ) Tj ET Q q 0 0 0 rg BT 359.36 221.25 Td (both ) Tj ET Q q 0 0 0 rg BT 379.31 221.25 Td (have ) Tj ET Q q 0 0 0 rg BT 400.36 221.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.97 221.25 Td (material ) Tj ET Q q 0 0 0 rg BT 441.90 221.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 474.60 221.25 Td (ef) Tj ET Q q 0 0 0 rg BT 482.19 221.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 499.35 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 511.52 221.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.02 221.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.27 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 209.25 Td (results ) Tj ET Q q 0 0 0 rg BT 135.82 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.65 209.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.81 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.74 209.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 230.79 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 246.62 209.25 Td (reputation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 188.25 Td (Climate change may adversely impact our facilities and our ongoing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.98 173.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 105.41 173.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 141.17 173.25 Td (impacts ) Tj ET Q q 0 0 0 rg BT 174.71 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.47 173.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 217.34 173.25 Td (change ) Tj ET Q q 0 0 0 rg BT 248.09 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 260.52 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.29 173.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 320.38 173.25 Td (are ) Tj ET Q q 0 0 0 rg BT 335.02 173.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 363.02 173.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 402.65 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.53 173.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 450.84 173.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 473.28 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.93 173.25 Td (unique ) Tj ET Q q 0 0 0 rg BT 517.58 173.25 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.58 161.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 128.49 161.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 158.84 161.25 Td (present, ) Tj ET Q q 0 0 0 rg BT 193.37 161.25 Td (for ) Tj ET Q q 0 0 0 rg BT 208.17 161.25 Td (example ) Tj ET Q q 0 0 0 rg BT 245.19 161.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 271.11 161.25 Td (sea ) Tj ET Q q 0 0 0 rg BT 287.03 161.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 313.50 161.25 Td (at ) Tj ET Q q 0 0 0 rg BT 323.86 161.25 Td (our ) Tj ET Q q 0 0 0 rg BT 340.34 161.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 362.36 161.25 Td (water ) Tj ET Q q 0 0 0 rg BT 387.71 161.25 Td (port ) Tj ET Q q 0 0 0 rg BT 406.97 161.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 447.04 161.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 486.84 161.25 Td (storm ) Tj ET Q q 0 0 0 rg BT 512.77 161.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 547.57 161.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (intensities, ) Tj ET Q q 0 0 0 rg BT 95.02 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.42 149.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 150.05 149.25 Td (temperature ) Tj ET Q q 0 0 0 rg BT 199.76 149.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 227.12 149.25 Td (As ) Tj ET Q q 0 0 0 rg BT 240.20 149.25 Td (many ) Tj ET Q q 0 0 0 rg BT 264.38 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.68 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 289.98 149.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 329.15 149.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 365.54 149.25 Td (are ) Tj ET Q q 0 0 0 rg BT 379.72 149.25 Td (located ) Tj ET Q q 0 0 0 rg BT 410.55 149.25 Td (near ) Tj ET Q q 0 0 0 rg BT 429.73 149.25 Td (deep ) Tj ET Q q 0 0 0 rg BT 450.57 149.25 Td (water ) Tj ET Q q 0 0 0 rg BT 474.75 149.25 Td (ports, ) Tj ET Q q 0 0 0 rg BT 499.21 149.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 523.96 149.25 Td (sea ) Tj ET Q q 0 0 0 rg BT 538.69 149.25 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.68 137.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 101.92 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.71 137.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.72 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.96 137.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 191.28 137.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 215.84 137.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 244.02 137.25 Td (process ) Tj ET Q q 0 0 0 rg BT 277.47 137.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.14 137.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 317.70 137.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 343.38 137.25 Td (through ) Tj ET Q q 0 0 0 rg BT 377.95 137.25 Td (our ) Tj ET Q q 0 0 0 rg BT 394.74 137.25 Td (mega-shredders ) Tj ET Q q 0 0 0 rg BT 461.50 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.40 137.25 Td (ship ) Tj ET Q q 0 0 0 rg BT 499.53 137.25 Td (products ) Tj ET Q q 0 0 0 rg BT 537.43 137.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.67 137.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.54 125.25 Td (Periods ) Tj ET Q q 0 0 0 rg BT 128.04 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.86 125.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 177.45 125.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 210.48 125.25 Td (weather ) Tj ET Q q 0 0 0 rg BT 244.62 125.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 288.78 125.25 Td (may ) Tj ET Q q 0 0 0 rg BT 308.49 125.25 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 337.10 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.81 125.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 380.97 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.79 125.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 415.39 125.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 440.09 125.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.37 125.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 475.09 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.02 125.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 515.64 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.57 125.25 Td (end-of-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (life ) Tj ET Q q 0 0 0 rg BT 65.19 113.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 99.81 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.04 113.25 Td (APB, ) Tj ET Q q 0 0 0 rg BT 132.86 113.25 Td (which ) Tj ET Q q 0 0 0 rg BT 159.16 113.25 Td (could ) Tj ET Q q 0 0 0 rg BT 183.24 113.25 Td (have ) Tj ET Q q 0 0 0 rg BT 203.98 113.25 Td (an ) Tj ET Q q 0 0 0 rg BT 215.28 113.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 247.68 113.25 Td (ef) Tj ET Q q 0 0 0 rg BT 255.27 113.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 272.12 113.25 Td (on ) Tj ET Q q 0 0 0 rg BT 283.98 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 299.17 113.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 320.48 113.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.67 113.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 354.74 113.25 Td (us ) Tj ET Q q 0 0 0 rg BT 365.49 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.13 113.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 390.32 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.96 113.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 421.26 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 436.45 113.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 457.75 113.25 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 516.55 113.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.75 113.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 90.17 101.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 122.57 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.85 101.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 174.56 101.25 Td (temperature ) Tj ET Q q 0 0 0 rg BT 225.27 101.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 251.55 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.28 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.45 101.25 Td (summer ) Tj ET Q q 0 0 0 rg BT 312.63 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.36 101.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 346.85 101.25 Td (where ) Tj ET Q q 0 0 0 rg BT 374.24 101.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.87 101.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 412.28 101.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 456.89 101.25 Td (are ) Tj ET Q q 0 0 0 rg BT 472.05 101.25 Td (located ) Tj ET Q q 0 0 0 rg BT 503.88 101.25 Td (could ) Tj ET Q q 0 0 0 rg BT 529.05 101.25 Td (result ) Tj ET Q q 0 0 0 rg BT 554.22 101.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 84.15 89.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 123.30 89.25 Td (traf) Tj ET Q q 0 0 0 rg BT 137.00 89.25 Td (fic, ) Tj ET Q q 0 0 0 rg BT 152.54 89.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 171.71 89.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 209.21 89.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.49 89.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 244.76 89.25 Td (admissions ) Tj ET Q q 0 0 0 rg BT 291.70 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.64 89.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 330.58 89.25 Td (sales.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (17) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.17 742.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 106.10 742.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.38 742.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.77 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 167.49 742.25 Td (become ) Tj ET Q q 0 0 0 rg BT 201.08 742.25 Td (impaired ) Tj ET Q q 0 0 0 rg BT 240.25 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.09 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.37 742.25 Td (future) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.26 727.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 115.42 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.47 727.25 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 184.71 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.76 727.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.81 727.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 247.83 727.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 262.76 727.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.81 727.25 Td (is ) Tj ET Q q 0 0 0 rg BT 298.20 727.25 Td (based ) Tj ET Q q 0 0 0 rg BT 323.68 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 336.40 727.25 Td (an ) Tj ET Q q 0 0 0 rg BT 348.56 727.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 392.92 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.97 727.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 438.35 727.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 472.74 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.89 727.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 526.48 727.25 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.11 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 71.66 715.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 106.64 715.25 Td (it ) Tj ET Q q 0 0 0 rg BT 114.98 715.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.42 715.25 Td (more ) Tj ET Q q 0 0 0 rg BT 147.74 715.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 173.29 715.25 Td (than ) Tj ET Q q 0 0 0 rg BT 193.29 715.25 Td (not ) Tj ET Q q 0 0 0 rg BT 208.84 715.25 Td (that ) Tj ET Q q 0 0 0 rg BT 226.61 715.25 Td (they ) Tj ET Q q 0 0 0 rg BT 246.60 715.25 Td (will ) Tj ET Q q 0 0 0 rg BT 264.94 715.25 Td (be ) Tj ET Q q 0 0 0 rg BT 277.15 715.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 314.07 715.25 Td (If ) Tj ET Q q 0 0 0 rg BT 323.50 715.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 360.15 715.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 398.46 715.25 Td (outweighs ) Tj ET Q q 0 0 0 rg BT 442.34 715.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 476.78 715.25 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 517.59 715.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.81 715.25 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 93.99 703.25 Td (is ) Tj ET Q q 0 0 0 rg BT 104.12 703.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 143.40 703.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 193.51 703.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.30 703.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 242.07 703.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 257.75 703.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.54 703.25 Td (may ) Tj ET Q q 0 0 0 rg BT 305.22 703.25 Td (result ) Tj ET Q q 0 0 0 rg BT 330.89 703.25 Td (from ) Tj ET Q q 0 0 0 rg BT 353.79 703.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 399.47 703.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 436.80 703.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 473.04 703.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.83 703.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 527.16 703.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 557.56 703.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 86.93 691.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.22 691.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 133.61 691.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 186.65 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.60 691.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 250.55 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.40 691.25 Td (future ) Tj ET Q q 0 0 0 rg BT 287.79 691.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 319.17 691.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 353.62 691.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 386.67 691.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 421.40 691.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.69 691.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 452.53 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 463.38 691.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 510.33 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.28 691.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.23 691.25 Td (variety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 679.25 Td (other ) Tj ET Q q 0 0 0 rg BT 83.35 679.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 115.29 679.25 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 164.18 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.74 679.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 210.28 679.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 224.73 679.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 250.30 679.25 Td (could ) Tj ET Q q 0 0 0 rg BT 274.75 679.25 Td (have ) Tj ET Q q 0 0 0 rg BT 295.86 679.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.54 679.25 Td (material ) Tj ET Q q 0 0 0 rg BT 337.53 679.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 370.30 679.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 399.75 679.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.99 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.55 679.25 Td (results ) Tj ET Q q 0 0 0 rg BT 455.90 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.46 679.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 510.35 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 679.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 646.25 Td ( ) Tj ET Q q 0 0 0 rg BT 58.62 646.25 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 115.54 646.25 Td (incident ) Tj ET Q q 0 0 0 rg BT 151.38 646.25 Td (may ) Tj ET Q q 0 0 0 rg BT 171.09 646.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 211.91 646.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 242.18 646.25 Td (our ) Tj ET Q q 0 0 0 rg BT 259.14 646.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 298.86 646.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 342.76 646.25 Td (results ) Tj ET Q q 0 0 0 rg BT 372.49 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.32 646.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 429.16 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.22 646.25 Td (reputation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 631.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.26 631.25 Td (face ) Tj ET Q q 0 0 0 rg BT 84.09 631.25 Td (global ) Tj ET Q q 0 0 0 rg BT 111.28 631.25 Td (cybersecurity ) Tj ET Q q 0 0 0 rg BT 167.33 631.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 188.40 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.03 631.25 Td (threats, ) Tj ET Q q 0 0 0 rg BT 236.37 631.25 Td (which ) Tj ET Q q 0 0 0 rg BT 263.00 631.25 Td (range ) Tj ET Q q 0 0 0 rg BT 287.39 631.25 Td (from ) Tj ET Q q 0 0 0 rg BT 309.01 631.25 Td (inadvertent ) Tj ET Q q 0 0 0 rg BT 356.18 631.25 Td (release ) Tj ET Q q 0 0 0 rg BT 386.12 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.64 631.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 433.82 631.25 Td (information ) Tj ET Q q 0 0 0 rg BT 483.22 631.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.18 631.25 Td (sophisticated ) Tj ET Q q 0 0 0 rg BT 547.58 631.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 619.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 86.08 619.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 127.34 619.25 Td (directed ) Tj ET Q q 0 0 0 rg BT 163.60 619.25 Td (at ) Tj ET Q q 0 0 0 rg BT 174.88 619.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 190.32 619.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 209.93 619.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 255.65 619.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 289.70 619.25 Td (use ) Tj ET Q q 0 0 0 rg BT 307.09 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.47 619.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 356.86 619.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 392.59 619.25 Td (that ) Tj ET Q q 0 0 0 rg BT 411.64 619.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 448.19 619.25 Td (store ) Tj ET Q q 0 0 0 rg BT 471.68 619.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.18 619.25 Td (transmit ) Tj ET Q q 0 0 0 rg BT 527.01 619.25 Td (sensitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (information ) Tj ET Q q 0 0 0 rg BT 99.04 607.25 Td (about ) Tj ET Q q 0 0 0 rg BT 123.08 607.25 Td (our ) Tj ET Q q 0 0 0 rg BT 138.24 607.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 183.12 607.25 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 223.55 607.25 Td (employees, ) Tj ET Q q 0 0 0 rg BT 270.64 607.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.45 607.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 344.01 607.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 383.60 607.25 Td (results ) Tj ET Q q 0 0 0 rg BT 411.53 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.80 607.25 Td (strategies. ) Tj ET Q q 0 0 0 rg BT 469.76 607.25 Td (While ) Tj ET Q q 0 0 0 rg BT 496.02 607.25 Td (we ) Tj ET Q q 0 0 0 rg BT 509.51 607.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.54 607.25 Td (not ) Tj ET Q q 0 0 0 rg BT 538.15 607.25 Td (aware ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.96 595.25 Td (any ) Tj ET Q q 0 0 0 rg BT 78.04 595.25 Td (material ) Tj ET Q q 0 0 0 rg BT 113.43 595.25 Td (cyber) Tj ET Q q 0 0 0 rg BT 135.43 595.25 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 169.16 595.25 Td (or ) Tj ET Q q 0 0 0 rg BT 180.12 595.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 217.73 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.70 595.25 Td (our ) Tj ET Q q 0 0 0 rg BT 244.66 595.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 278.96 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.38 595.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 311.16 595.25 Td (we ) Tj ET Q q 0 0 0 rg BT 325.46 595.25 Td (have ) Tj ET Q q 0 0 0 rg BT 346.97 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.04 595.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 401.11 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.52 595.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 456.92 595.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 496.76 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.17 595.25 Td (safeguard ) Tj ET Q q 0 0 0 rg BT 548.67 595.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 83.34 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 99.45 583.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 133.88 583.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 170.54 583.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 193.60 583.25 Td (but ) Tj ET Q q 0 0 0 rg BT 208.05 583.25 Td (there ) Tj ET Q q 0 0 0 rg BT 229.71 583.25 Td (is ) Tj ET Q q 0 0 0 rg BT 238.04 583.25 Td (no ) Tj ET Q q 0 0 0 rg BT 249.71 583.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 290.25 583.25 Td (that ) Tj ET Q q 0 0 0 rg BT 306.91 583.25 Td (such ) Tj ET Q q 0 0 0 rg BT 326.91 583.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 356.91 583.25 Td (will ) Tj ET Q q 0 0 0 rg BT 374.13 583.25 Td (be ) Tj ET Q q 0 0 0 rg BT 385.24 583.25 Td (suf) Tj ET Q q 0 0 0 rg BT 397.28 583.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 424.49 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.94 583.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 465.59 583.25 Td (cyber) Tj ET Q q 0 0 0 rg BT 487.60 583.25 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 520.36 583.25 Td (or ) Tj ET Q q 0 0 0 rg BT 530.36 583.25 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (breaches ) Tj ET Q q 0 0 0 rg BT 87.28 571.25 Td (that ) Tj ET Q q 0 0 0 rg BT 104.58 571.25 Td (manipulate ) Tj ET Q q 0 0 0 rg BT 151.31 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.94 571.25 Td (improperly ) Tj ET Q q 0 0 0 rg BT 208.68 571.25 Td (use ) Tj ET Q q 0 0 0 rg BT 224.32 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 239.95 571.25 Td (systems, ) Tj ET Q q 0 0 0 rg BT 276.42 571.25 Td (compromise ) Tj ET Q q 0 0 0 rg BT 328.16 571.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 365.46 571.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 417.47 571.25 Td (destroy ) Tj ET Q q 0 0 0 rg BT 449.22 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 459.85 571.25 Td (corrupt ) Tj ET Q q 0 0 0 rg BT 491.03 571.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 512.49 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 523.12 571.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 80.65 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 96.84 559.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 143.66 559.25 Td (The ) Tj ET Q q 0 0 0 rg BT 162.07 559.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 208.79 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.99 559.25 Td (such ) Tj ET Q q 0 0 0 rg BT 241.19 559.25 Td (events ) Tj ET Q q 0 0 0 rg BT 269.60 559.25 Td (could ) Tj ET Q q 0 0 0 rg BT 294.69 559.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 339.21 559.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 369.29 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 385.48 559.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 428.89 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.20 559.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.40 559.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 512.47 559.25 Td (position ) Tj ET Q q 0 0 0 rg BT 547.57 559.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.63 547.25 Td (result ) Tj ET Q q 0 0 0 rg BT 99.26 547.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.45 547.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 147.97 547.25 Td (with ) Tj ET Q q 0 0 0 rg BT 168.16 547.25 Td (third ) Tj ET Q q 0 0 0 rg BT 189.46 547.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 221.03 547.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 264.53 547.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 293.88 547.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 311.85 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.59 547.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 361.40 547.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 398.80 547.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 432.32 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.17 547.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 489.34 547.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 539.51 547.25 Td (costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 77.77 535.25 Td (which ) Tj ET Q q 0 0 0 rg BT 104.71 535.25 Td (could ) Tj ET Q q 0 0 0 rg BT 129.42 535.25 Td (have ) Tj ET Q q 0 0 0 rg BT 150.80 535.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.74 535.25 Td (material ) Tj ET Q q 0 0 0 rg BT 193.00 535.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 226.04 535.25 Td (ef) Tj ET Q q 0 0 0 rg BT 233.62 535.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 251.11 535.25 Td (on ) Tj ET Q q 0 0 0 rg BT 263.61 535.25 Td (our ) Tj ET Q q 0 0 0 rg BT 279.44 535.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.92 535.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 357.19 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.13 535.25 Td (results ) Tj ET Q q 0 0 0 rg BT 402.74 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.57 535.25 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 71.95 514.25 Td (Factors ) Tj ET Q q 0 0 0 rg BT 106.66 514.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 145.27 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.10 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.93 514.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 222.20 514.25 Td (Envir) Tj ET Q q 0 0 0 rg BT 246.46 514.25 Td (onment) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (Environmental regulations may cause us to incur significant compliance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 101.53 478.25 Td (with ) Tj ET Q q 0 0 0 rg BT 122.51 478.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 183.48 478.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 205.02 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.67 478.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 270.31 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 280.19 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 287.83 478.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 333.25 478.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 359.78 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.76 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 387.30 478.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 426.67 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 435.31 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 442.95 478.25 Td (are ) Tj ET Q q 0 0 0 rg BT 458.37 478.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 489.90 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 500.89 478.25 Td (local, ) Tj ET Q q 0 0 0 rg BT 526.03 478.25 Td (state ) Tj ET Q q 0 0 0 rg BT 547.56 478.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.25 466.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 140.51 466.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 161.34 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.28 466.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 225.21 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.49 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.21 466.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 270.49 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.43 466.25 Td (other ) Tj ET Q q 0 0 0 rg BT 310.48 466.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 349.63 466.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 382.68 466.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 395.45 466.25 Td (among ) Tj ET Q q 0 0 0 rg BT 425.17 466.25 Td (other ) Tj ET Q q 0 0 0 rg BT 448.22 466.25 Td (matters:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 445.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 445.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 445.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 148.68 445.25 Td (disposal;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 430.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 430.25 Td (Air ) Tj ET Q q 0 0 0 rg BT 137.83 430.25 Td (emissions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 415.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 415.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 415.25 Td (aste ) Tj ET Q q 0 0 0 rg BT 148.68 415.25 Td (water ) Tj ET Q q 0 0 0 rg BT 173.39 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.33 415.25 Td (storm ) Tj ET Q q 0 0 0 rg BT 215.61 415.25 Td (water ) Tj ET Q q 0 0 0 rg BT 240.32 415.25 Td (management ) Tj ET Q q 0 0 0 rg BT 293.90 415.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.84 415.25 Td (treatment;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 400.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 400.25 Td (Soil ) Tj ET Q q 0 0 0 rg BT 140.62 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.56 400.25 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 210.59 400.25 Td (contamination ) Tj ET Q q 0 0 0 rg BT 270.30 400.25 Td (remediation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 385.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 385.25 Td (Global ) Tj ET Q q 0 0 0 rg BT 151.72 385.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 183.65 385.25 Td (change;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 370.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 370.25 Td (Dischar) Tj ET Q q 0 0 0 rg BT 152.92 370.25 Td (ge, ) Tj ET Q q 0 0 0 rg BT 167.36 370.25 Td (storage, ) Tj ET Q q 0 0 0 rg BT 201.23 370.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 238.73 370.25 Td (and ) Tj ET Q q 0 0 0 rg BT 255.67 370.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 290.95 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.78 370.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 344.81 370.25 Td (materials; ) Tj ET Q q 0 0 0 rg BT 386.74 370.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 355.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 355.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 165.04 355.25 Td (health ) Tj ET Q q 0 0 0 rg BT 191.98 355.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.91 355.25 Td (safety) Tj ET Q q 0 0 0 rg BT 232.14 355.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 340.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.27 340.25 Td (are ) Tj ET Q q 0 0 0 rg BT 79.68 340.25 Td (also ) Tj ET Q q 0 0 0 rg BT 97.98 340.25 Td (required ) Tj ET Q q 0 0 0 rg BT 133.50 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.47 340.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 170.66 340.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 230.62 340.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 262.81 340.25 Td (from ) Tj ET Q q 0 0 0 rg BT 284.45 340.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 341.63 340.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 386.04 340.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.89 340.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 429.29 340.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 475.49 340.25 Td (V) Tj ET Q q 0 0 0 rg BT 482.11 340.25 Td (iolation ) Tj ET Q q 0 0 0 rg BT 514.86 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 525.38 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 535.91 340.25 Td (failure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.74 328.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 88.71 328.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 121.67 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.96 328.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 165.93 328.25 Td (with ) Tj ET Q q 0 0 0 rg BT 186.67 328.25 Td (these ) Tj ET Q q 0 0 0 rg BT 210.18 328.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 231.48 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 242.78 328.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.18 328.25 Td (could ) Tj ET Q q 0 0 0 rg BT 315.36 328.25 Td (result ) Tj ET Q q 0 0 0 rg BT 340.54 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.29 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 367.58 328.25 Td (business ) Tj ET Q q 0 0 0 rg BT 404.44 328.25 Td (being ) Tj ET Q q 0 0 0 rg BT 429.62 328.25 Td (fined ) Tj ET Q q 0 0 0 rg BT 453.14 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.43 328.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 506.28 328.25 Td (sanctioned ) Tj ET Q q 0 0 0 rg BT 552.01 328.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 92.51 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 103.37 316.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 145.34 316.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 176.19 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.50 316.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 225.14 316.25 Td (by ) Tj ET Q q 0 0 0 rg BT 237.67 316.25 Td (private ) Tj ET Q q 0 0 0 rg BT 267.96 316.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 299.64 316.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 317.72 316.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.91 316.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 380.27 316.25 Td (handle ) Tj ET Q q 0 0 0 rg BT 409.45 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.42 316.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 462.81 316.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 505.88 316.25 Td (substances. ) Tj ET Q q 0 0 0 rg BT 553.68 316.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 88.23 304.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 125.63 304.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 170.25 304.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.21 304.25 Td (others ) Tj ET Q q 0 0 0 rg BT 210.61 304.25 Td (at ) Tj ET Q q 0 0 0 rg BT 220.79 304.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 258.17 304.25 Td (that ) Tj ET Q q 0 0 0 rg BT 276.13 304.25 Td (we ) Tj ET Q q 0 0 0 rg BT 290.75 304.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 329.80 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 341.10 304.25 Td (formerly ) Tj ET Q q 0 0 0 rg BT 379.04 304.25 Td (owned, ) Tj ET Q q 0 0 0 rg BT 411.16 304.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 448.55 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 459.84 304.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 501.67 304.25 Td (used ) Tj ET Q q 0 0 0 rg BT 522.96 304.25 Td (may ) Tj ET Q q 0 0 0 rg BT 543.14 304.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.92 292.25 Td (contamination ) Tj ET Q q 0 0 0 rg BT 139.84 292.25 Td (from ) Tj ET Q q 0 0 0 rg BT 161.99 292.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 205.24 292.25 Td (substances. ) Tj ET Q q 0 0 0 rg BT 252.62 292.25 Td (As ) Tj ET Q q 0 0 0 rg BT 266.44 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.59 292.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 301.02 292.25 Td (we ) Tj ET Q q 0 0 0 rg BT 315.39 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 330.31 292.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 365.79 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.28 292.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 411.77 292.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 440.58 292.25 Td (under ) Tj ET Q q 0 0 0 rg BT 466.06 292.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 526.53 292.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 547.58 292.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.37 280.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 141.79 280.25 Td (for ) Tj ET Q q 0 0 0 rg BT 155.89 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.54 280.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 220.74 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.51 280.25 Td (waterways ) Tj ET Q q 0 0 0 rg BT 276.70 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.58 280.25 Td (soil ) Tj ET Q q 0 0 0 rg BT 310.47 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 321.24 280.25 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 374.21 280.25 Td (contamination. ) Tj ET Q q 0 0 0 rg BT 436.18 280.25 Td (These ) Tj ET Q q 0 0 0 rg BT 462.49 280.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 483.26 280.25 Td (can ) Tj ET Q q 0 0 0 rg BT 499.58 280.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 530.90 280.25 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 268.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 112.47 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.30 268.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 166.34 268.25 Td (substances ) Tj ET Q q 0 0 0 rg BT 211.61 268.25 Td (even ) Tj ET Q q 0 0 0 rg BT 232.98 268.25 Td (if ) Tj ET Q q 0 0 0 rg BT 241.59 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.31 268.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 283.80 268.25 Td (or ) Tj ET Q q 0 0 0 rg BT 294.63 268.25 Td (operator ) Tj ET Q q 0 0 0 rg BT 330.44 268.25 Td (was ) Tj ET Q q 0 0 0 rg BT 348.50 268.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 378.76 268.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 405.13 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.96 268.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 431.79 268.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 479.83 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 493.99 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.71 268.25 Td (release ) Tj ET Q q 0 0 0 rg BT 538.96 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 268.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 93.36 256.25 Td (substances. ) Tj ET Q q 0 0 0 rg BT 141.25 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 149.89 256.25 Td (e ) Tj ET Q q 0 0 0 rg BT 157.15 256.25 Td (have, ) Tj ET Q q 0 0 0 rg BT 181.35 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.95 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.99 256.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 228.42 256.25 Td (been ) Tj ET Q q 0 0 0 rg BT 250.13 256.25 Td (found ) Tj ET Q q 0 0 0 rg BT 276.28 256.25 Td (not ) Tj ET Q q 0 0 0 rg BT 291.88 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 302.48 256.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.75 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 325.35 256.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 374.26 256.25 Td (with ) Tj ET Q q 0 0 0 rg BT 394.86 256.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 424.89 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.04 256.25 Td (these ) Tj ET Q q 0 0 0 rg BT 459.41 256.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 480.57 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 497.83 256.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 547.59 256.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.88 244.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 106.19 244.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 147.90 244.25 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 203.50 244.25 Td (fines ) Tj ET Q q 0 0 0 rg BT 224.93 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.37 244.25 Td (penalties ) Tj ET Q q 0 0 0 rg BT 278.91 244.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 322.00 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 341.78 244.25 Td (such ) Tj ET Q q 0 0 0 rg BT 362.11 244.25 Td (violations. ) Tj ET Q q 0 0 0 rg BT 406.05 244.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 434.16 244.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 493.92 244.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 542.00 244.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (may ) Tj ET Q q 0 0 0 rg BT 70.22 232.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 105.97 232.25 Td (because ) Tj ET Q q 0 0 0 rg BT 140.62 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.95 232.25 Td (new ) Tj ET Q q 0 0 0 rg BT 171.62 232.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 192.95 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.39 232.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 260.32 232.25 Td (changing ) Tj ET Q q 0 0 0 rg BT 299.98 232.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 360.74 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.18 232.25 Td (stricter ) Tj ET Q q 0 0 0 rg BT 408.95 232.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 461.92 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.25 232.25 Td (current ) Tj ET Q q 0 0 0 rg BT 504.57 232.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 552.01 232.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 93.05 220.25 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 139.72 220.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 186.66 220.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 226.93 220.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 264.42 220.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 302.50 220.25 Td (control ) Tj ET Q q 0 0 0 rg BT 332.78 220.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 360.56 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.74 220.25 Td (future ) Tj ET Q q 0 0 0 rg BT 400.57 220.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.53 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.82 220.25 Td (pollution ) Tj ET Q q 0 0 0 rg BT 470.89 220.25 Td (control ) Tj ET Q q 0 0 0 rg BT 501.17 220.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 547.56 220.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.87 208.25 Td (related ) Tj ET Q q 0 0 0 rg BT 105.05 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.80 208.25 Td (global ) Tj ET Q q 0 0 0 rg BT 141.78 208.25 Td (climate ) Tj ET Q q 0 0 0 rg BT 173.18 208.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 205.98 208.25 Td (Further) Tj ET Q q 0 0 0 rg BT 235.01 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 239.49 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.69 208.25 Td (level ) Tj ET Q q 0 0 0 rg BT 275.10 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.41 208.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 317.37 208.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.35 208.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 372.42 208.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 416.61 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.03 208.25 Td (non-governmental ) Tj ET Q q 0 0 0 rg BT 508.32 208.25 Td (or) Tj ET Q q 0 0 0 rg BT 516.46 208.25 Td (ganizations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (has ) Tj ET Q q 0 0 0 rg BT 64.98 196.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 104.38 196.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.81 196.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 139.88 196.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 165.12 196.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 226.20 196.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 273.94 196.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.59 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.67 196.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 348.31 196.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 407.72 196.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 446.58 196.25 Td (could ) Tj ET Q q 0 0 0 rg BT 470.45 196.25 Td (have ) Tj ET Q q 0 0 0 rg BT 490.97 196.25 Td (a ) Tj ET Q q 0 0 0 rg BT 497.06 196.25 Td (material ) Tj ET Q q 0 0 0 rg BT 531.46 196.25 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 184.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.64 184.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.71 184.25 Td (our ) Tj ET Q q 0 0 0 rg BT 102.11 184.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.16 184.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 179.00 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.51 184.25 Td (results ) Tj ET Q q 0 0 0 rg BT 223.69 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.09 184.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 280.31 184.25 Td (See ) Tj ET Q q 0 0 0 rg BT 296.82 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.11 184.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 328.18 184.25 Td (factor ) Tj ET Q q 0 0 0 rg BT 353.56 184.25 Td (Potential ) Tj ET Q q 0 0 0 rg BT 395.62 184.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 417.69 184.25 Td (related ) Tj ET Q q 0 0 0 rg BT 446.96 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.81 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.10 184.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 530.92 184.25 Td (cleanup ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 172.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 97.22 172.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 128.04 172.25 Td (may ) Tj ET Q q 0 0 0 rg BT 147.75 172.25 Td (be ) Tj ET Q q 0 0 0 rg BT 159.69 172.25 Td (material ) Tj ET Q q 0 0 0 rg BT 194.95 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.23 172.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.06 172.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.54 172.25 Td (position ) Tj ET Q q 0 0 0 rg BT 293.27 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.21 172.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 351.04 172.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.31 172.25 Td (this ) Tj ET Q q 0 0 0 rg BT 378.26 172.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 399.09 172.25 Td (1A.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (Governmental agencies may refuse to grant or renew our licenses and permits, thus restricting our ability to operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 136.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.44 136.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 99.46 136.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 129.03 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.72 136.25 Td (our ) Tj ET Q q 0 0 0 rg BT 155.42 136.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 199.44 136.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.13 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.27 136.25 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 276.79 136.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 309.15 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.95 136.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 367.20 136.25 Td (from ) Tj ET Q q 0 0 0 rg BT 389.00 136.25 Td (state ) Tj ET Q q 0 0 0 rg BT 409.69 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.49 136.25 Td (local ) Tj ET Q q 0 0 0 rg BT 448.29 136.25 Td (governments. ) Tj ET Q q 0 0 0 rg BT 504.81 136.25 Td (Governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 86.32 124.25 Td (often ) Tj ET Q q 0 0 0 rg BT 108.76 124.25 Td (resist ) Tj ET Q q 0 0 0 rg BT 131.76 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.87 124.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 202.76 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.98 124.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 242.08 124.25 Td (types ) Tj ET Q q 0 0 0 rg BT 265.08 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.31 124.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 311.63 124.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.30 124.25 Td (their ) Tj ET Q q 0 0 0 rg BT 341.52 124.25 Td (communities, ) Tj ET Q q 0 0 0 rg BT 397.58 124.25 Td (including ) Tj ET Q q 0 0 0 rg BT 437.25 124.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 456.36 124.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 477.69 124.25 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 516.51 124.25 Td (In ) Tj ET Q q 0 0 0 rg BT 526.74 124.25 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.64 112.25 Td (time ) Tj ET Q q 0 0 0 rg BT 91.62 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.60 112.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 124.08 112.25 Td (both ) Tj ET Q q 0 0 0 rg BT 144.06 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.49 112.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 178.47 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.12 112.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 226.20 112.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 280.06 112.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 311.15 112.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 357.79 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.43 112.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 421.07 112.25 Td (on ) Tj ET Q q 0 0 0 rg BT 433.27 112.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 455.46 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.45 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.87 112.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 513.73 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.71 112.25 Td (which ) Tj ET Q q 0 0 0 rg BT 550.35 112.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (operate. ) Tj ET Q q 0 0 0 rg BT 83.59 100.25 Td (In ) Tj ET Q q 0 0 0 rg BT 93.58 100.25 Td (some ) Tj ET Q q 0 0 0 rg BT 116.36 100.25 Td (countries, ) Tj ET Q q 0 0 0 rg BT 157.18 100.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 210.50 100.25 Td (can ) Tj ET Q q 0 0 0 rg BT 226.04 100.25 Td (require ) Tj ET Q q 0 0 0 rg BT 256.02 100.25 Td (us ) Tj ET Q q 0 0 0 rg BT 266.58 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.02 100.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 299.90 100.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.23 100.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 358.75 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.75 100.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 415.95 100.25 Td (before ) Tj ET Q q 0 0 0 rg BT 443.15 100.25 Td (allowing ) Tj ET Q q 0 0 0 rg BT 479.81 100.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 518.14 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 528.14 100.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 75.14 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 85.84 88.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 129.31 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.01 88.25 Td (those ) Tj ET Q q 0 0 0 rg BT 164.05 88.25 Td (countries. ) Tj ET Q q 0 0 0 rg BT 205.92 88.25 Td (There ) Tj ET Q q 0 0 0 rg BT 232.16 88.25 Td (can ) Tj ET Q q 0 0 0 rg BT 248.96 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 261.32 88.25 Td (no ) Tj ET Q q 0 0 0 rg BT 274.25 88.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 316.04 88.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.96 88.25 Td (future ) Tj ET Q q 0 0 0 rg BT 360.76 88.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 405.06 88.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 439.64 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.01 88.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 489.93 88.25 Td (will ) Tj ET Q q 0 0 0 rg BT 508.41 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 520.77 88.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 553.68 88.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.08 76.25 Td (we ) Tj ET Q q 0 0 0 rg BT 80.83 76.25 Td (will ) Tj ET Q q 0 0 0 rg BT 98.47 76.25 Td (be ) Tj ET Q q 0 0 0 rg BT 110.00 76.25 Td (able ) Tj ET Q q 0 0 0 rg BT 128.74 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.61 76.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 175.69 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.21 76.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 218.73 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.03 76.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 276.50 76.25 Td (licenses ) Tj ET Q q 0 0 0 rg BT 310.24 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.77 76.25 Td (permits ) Tj ET Q q 0 0 0 rg BT 358.85 76.25 Td (we ) Tj ET Q q 0 0 0 rg BT 372.60 76.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 410.78 76.25 Td (hold. ) Tj ET Q q 0 0 0 rg BT 433.14 76.25 Td (Failure ) Tj ET Q q 0 0 0 rg BT 463.55 76.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.42 76.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 500.50 76.25 Td (these ) Tj ET Q q 0 0 0 rg BT 523.14 76.25 Td (approvals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.03 64.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 98.05 64.25 Td (us ) Tj ET Q q 0 0 0 rg BT 108.76 64.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.36 64.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 139.06 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 149.21 64.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 197.13 64.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 240.60 64.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.19 64.25 Td (these ) Tj ET Q q 0 0 0 rg BT 272.55 64.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 310.47 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 320.62 64.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 352.42 64.25 Td (us ) Tj ET Q q 0 0 0 rg BT 363.13 64.25 Td (from ) Tj ET Q q 0 0 0 rg BT 384.38 64.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 430.63 64.25 Td (or ) Tj ET Q q 0 0 0 rg BT 440.77 64.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 480.35 64.25 Td (new ) Tj ET Q q 0 0 0 rg BT 498.83 64.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 537.57 64.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 52.25 Td (have ) Tj ET Q q 0 0 0 rg BT 96.09 52.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.03 52.25 Td (material ) Tj ET Q q 0 0 0 rg BT 138.29 52.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 171.33 52.25 Td (ef) Tj ET Q q 0 0 0 rg BT 178.92 52.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.40 52.25 Td (on ) Tj ET Q q 0 0 0 rg BT 208.90 52.25 Td (our ) Tj ET Q q 0 0 0 rg BT 224.73 52.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 262.21 52.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 302.49 52.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.42 52.25 Td (results ) Tj ET Q q 0 0 0 rg BT 348.03 52.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.86 52.25 Td (operations.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (18) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Compliance with existing and new greenhouse gas emission regulations may adversely impact our operating results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Increased ) Tj ET Q q 0 0 0 rg BT 89.57 727.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 131.37 727.25 Td (regardingclimate ) Tj ET Q q 0 0 0 rg BT 202.88 727.25 Td (change ) Tj ET Q q 0 0 0 rg BT 232.46 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.16 727.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 271.08 727.25 Td (emissions ) Tj ET Q q 0 0 0 rg BT 311.79 727.25 Td (could ) Tj ET Q q 0 0 0 rg BT 335.27 727.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 365.42 727.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 408.90 727.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 430.16 727.25 Td (on ) Tj ET Q q 0 0 0 rg BT 441.42 727.25 Td (our ) Tj ET Q q 0 0 0 rg BT 456.01 727.25 Td (business ) Tj ET Q q 0 0 0 rg BT 491.17 727.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.87 727.25 Td (our ) Tj ET Q q 0 0 0 rg BT 521.46 727.25 Td (customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 715.25 Td (suppliers, ) Tj ET Q q 0 0 0 rg BT 107.83 715.25 Td (including ) Tj ET Q q 0 0 0 rg BT 148.00 715.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 188.14 715.25 Td (ener) Tj ET Q q 0 0 0 rg BT 205.17 715.25 Td (gy) Tj ET Q q 0 0 0 rg BT 214.52 715.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.41 715.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 248.45 715.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 295.55 715.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 355.71 715.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 402.54 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.37 715.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 458.42 715.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.25 715.25 Td (other ) Tj ET Q q 0 0 0 rg BT 498.19 715.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 520.58 715.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.75 715.25 Td (order ) Tj ET Q q 0 0 0 rg BT 554.24 715.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 83.82 703.25 Td (with ) Tj ET Q q 0 0 0 rg BT 105.42 703.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 153.68 703.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 201.93 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.20 703.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 266.80 703.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 304.51 703.25 Td (onclimate ) Tj ET Q q 0 0 0 rg BT 350.26 703.25 Td (change ) Tj ET Q q 0 0 0 rg BT 382.41 703.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.67 703.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 426.16 703.25 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 471.66 703.25 Td (The ) Tj ET Q q 0 0 0 rg BT 491.03 703.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 529.84 703.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 553.67 703.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 98.82 691.25 Td (of) Tj ET Q q 0 0 0 rg BT 106.97 691.25 Td (fsets ) Tj ET Q q 0 0 0 rg BT 127.20 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 137.42 691.25 Td (credits ) Tj ET Q q 0 0 0 rg BT 165.98 691.25 Td (that ) Tj ET Q q 0 0 0 rg BT 182.87 691.25 Td (may ) Tj ET Q q 0 0 0 rg BT 201.98 691.25 Td (be ) Tj ET Q q 0 0 0 rg BT 213.32 691.25 Td (part ) Tj ET Q q 0 0 0 rg BT 230.76 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.99 691.25 Td (cap ) Tj ET Q q 0 0 0 rg BT 261.20 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 277.54 691.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 303.86 691.25 Td (programs ) Tj ET Q q 0 0 0 rg BT 343.52 691.25 Td (or ) Tj ET Q q 0 0 0 rg BT 353.75 691.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 383.42 691.25 Td (future ) Tj ET Q q 0 0 0 rg BT 409.19 691.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 452.19 691.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 491.29 691.25 Td (are ) Tj ET Q q 0 0 0 rg BT 505.39 691.25 Td (still ) Tj ET Q q 0 0 0 rg BT 522.29 691.25 Td (uncertain. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 70.70 679.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 105.83 679.25 Td (futureclimate ) Tj ET Q q 0 0 0 rg BT 165.11 679.25 Td (change ) Tj ET Q q 0 0 0 rg BT 196.90 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.82 679.25 Td (GHG ) Tj ET Q q 0 0 0 rg BT 239.96 679.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 287.87 679.25 Td (could ) Tj ET Q q 0 0 0 rg BT 313.56 679.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 358.69 679.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 389.38 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.19 679.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 435.21 679.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 456.46 679.25 Td (that ) Tj ET Q q 0 0 0 rg BT 474.93 679.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.74 679.25 Td (our ) Tj ET Q q 0 0 0 rg BT 503.54 679.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 547.57 679.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (suppliers\) ) Tj ET Q q 0 0 0 rg BT 92.07 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 102.48 667.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 138.99 667.25 Td (with ) Tj ET Q q 0 0 0 rg BT 159.40 667.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 204.80 667.25 Td (situated ) Tj ET Q q 0 0 0 rg BT 238.53 667.25 Td (in ) Tj ET Q q 0 0 0 rg BT 248.95 667.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 272.12 667.25 Td (not ) Tj ET Q q 0 0 0 rg BT 287.53 667.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 318.49 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.90 667.25 Td (such ) Tj ET Q q 0 0 0 rg BT 349.86 667.25 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 397.77 667.25 Td (Until ) Tj ET Q q 0 0 0 rg BT 420.96 667.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.81 667.25 Td (timing, ) Tj ET Q q 0 0 0 rg BT 467.06 667.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 492.46 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.53 667.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 536.60 667.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.56 667.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (future ) Tj ET Q q 0 0 0 rg BT 77.02 655.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 120.71 655.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 158.84 655.25 Td (known, ) Tj ET Q q 0 0 0 rg BT 191.71 655.25 Td (we ) Tj ET Q q 0 0 0 rg BT 206.52 655.25 Td (cannot ) Tj ET Q q 0 0 0 rg BT 236.32 655.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 267.23 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.59 655.25 Td (ef) Tj ET Q q 0 0 0 rg BT 290.18 655.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 308.31 655.25 Td (on ) Tj ET Q q 0 0 0 rg BT 321.46 655.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.93 655.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.06 655.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 419.48 655.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 460.39 655.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 514.06 655.25 Td (or ) Tj ET Q q 0 0 0 rg BT 525.53 655.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.23 655.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (compete. ) Tj ET Q q 0 0 0 rg BT 89.35 643.25 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 144.81 643.25 Td (even ) Tj ET Q q 0 0 0 rg BT 166.67 643.25 Td (without ) Tj ET Q q 0 0 0 rg BT 200.21 643.25 Td (such ) Tj ET Q q 0 0 0 rg BT 221.51 643.25 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 267.53 643.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 308.27 643.25 Td (awareness ) Tj ET Q q 0 0 0 rg BT 352.33 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.75 643.25 Td (any ) Tj ET Q q 0 0 0 rg BT 387.17 643.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 420.68 643.25 Td (publicity ) Tj ET Q q 0 0 0 rg BT 459.21 643.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.97 643.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.17 643.25 Td (global ) Tj ET Q q 0 0 0 rg BT 513.14 643.25 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (about ) Tj ET Q q 0 0 0 rg BT 74.71 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.43 631.25 Td (GHGs ) Tj ET Q q 0 0 0 rg BT 117.48 631.25 Td (emitted ) Tj ET Q q 0 0 0 rg BT 149.97 631.25 Td (by ) Tj ET Q q 0 0 0 rg BT 162.46 631.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 207.72 631.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.00 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 631.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 261.31 631.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 301.01 631.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.95 631.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 338.77 631.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 399.57 631.25 Td (industries ) Tj ET Q q 0 0 0 rg BT 440.96 631.25 Td (could ) Tj ET Q q 0 0 0 rg BT 465.67 631.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 488.71 631.25 Td (our ) Tj ET Q q 0 0 0 rg BT 504.54 631.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 547.58 631.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 78.50 619.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 117.02 619.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 150.53 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 164.05 619.25 Td (our ) Tj ET Q q 0 0 0 rg BT 179.24 619.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 218.03 619.25 Td (See ) Tj ET Q q 0 0 0 rg BT 234.33 619.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 276.19 619.25 Td (- ) Tj ET Q q 0 0 0 rg BT 281.37 619.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 342.66 619.25 Td (Matters ) Tj ET Q q 0 0 0 rg BT 379.50 619.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.14 619.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 407.11 619.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 414.79 619.25 Td (Item1 ) Tj ET Q q 0 0 0 rg BT 442.48 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.67 619.25 Td (this ) Tj ET Q q 0 0 0 rg BT 468.97 619.25 Td (report ) Tj ET Q q 0 0 0 rg BT 494.71 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 508.23 619.25 Td (further ) Tj ET Q q 0 0 0 rg BT 537.29 619.25 Td (detail.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Risk Factors Relating to Our) Tj ET Q q 0 0 0 rg BT 173.70 598.25 Td ( Employees) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Reliance on employees subject to collective bargaining may restrict our ability to operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.02 565.25 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.35 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.83 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.65 565.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.46 565.25 Td (full-time ) Tj ET Q q 0 0 0 rg BT 202.93 565.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 249.17 565.25 Td (are ) Tj ET Q q 0 0 0 rg BT 264.86 565.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 314.43 565.25 Td (by ) Tj ET Q q 0 0 0 rg BT 327.91 565.25 Td (unions ) Tj ET Q q 0 0 0 rg BT 358.06 565.25 Td (under ) Tj ET Q q 0 0 0 rg BT 384.31 565.25 Td (collective ) Tj ET Q q 0 0 0 rg BT 426.66 565.25 Td (bar) Tj ET Q q 0 0 0 rg BT 439.25 565.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 472.72 565.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 524.24 565.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 103.40 553.25 Td (all ) Tj ET Q q 0 0 0 rg BT 116.25 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.42 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.49 553.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 203.65 553.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 249.26 553.25 Td (at ) Tj ET Q q 0 0 0 rg BT 259.33 553.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.51 553.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 299.48 553.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 320.65 553.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 381.81 553.25 Td (facility) Tj ET Q q 0 0 0 rg BT 409.48 553.25 Td (. ) Tj ET Q q 0 0 0 rg BT 414.21 553.25 Td (As ) Tj ET Q q 0 0 0 rg BT 428.17 553.25 Td (these ) Tj ET Q q 0 0 0 rg BT 451.56 553.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 499.94 553.25 Td (expire, ) Tj ET Q q 0 0 0 rg BT 530.28 553.25 Td (we ) Tj ET Q q 0 0 0 rg BT 544.79 553.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.57 541.25 Td (be ) Tj ET Q q 0 0 0 rg BT 77.81 541.25 Td (able ) Tj ET Q q 0 0 0 rg BT 97.26 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.83 541.25 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 147.28 541.25 Td (extensions ) Tj ET Q q 0 0 0 rg BT 192.29 541.25 Td (or ) Tj ET Q q 0 0 0 rg BT 203.42 541.25 Td (replacements ) Tj ET Q q 0 0 0 rg BT 258.96 541.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.09 541.25 Td (such ) Tj ET Q q 0 0 0 rg BT 291.21 541.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 339.54 541.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.33 541.25 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 397.32 541.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 424.21 541.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 444.23 541.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 473.12 541.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.69 541.25 Td (reach ) Tj ET Q q 0 0 0 rg BT 508.13 541.25 Td (an ) Tj ET Q q 0 0 0 rg BT 520.37 541.25 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.73 529.25 Td (one ) Tj ET Q q 0 0 0 rg BT 88.12 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 99.40 529.25 Td (more ) Tj ET Q q 0 0 0 rg BT 122.90 529.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.18 529.25 Td (our ) Tj ET Q q 0 0 0 rg BT 150.46 529.25 Td (unions ) Tj ET Q q 0 0 0 rg BT 180.09 529.25 Td (may ) Tj ET Q q 0 0 0 rg BT 200.25 529.25 Td (result ) Tj ET Q q 0 0 0 rg BT 225.42 529.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.15 529.25 Td (strikes, ) Tj ET Q q 0 0 0 rg BT 267.71 529.25 Td (lockouts ) Tj ET Q q 0 0 0 rg BT 304.55 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.83 529.25 Td (other ) Tj ET Q q 0 0 0 rg BT 339.33 529.25 Td (labor ) Tj ET Q q 0 0 0 rg BT 362.83 529.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 396.61 529.25 Td (including ) Tj ET Q q 0 0 0 rg BT 437.33 529.25 Td (work ) Tj ET Q q 0 0 0 rg BT 460.83 529.25 Td (slowdowns ) Tj ET Q q 0 0 0 rg BT 508.79 529.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.07 529.25 Td (stoppages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 517.25 Td (could ) Tj ET Q q 0 0 0 rg BT 101.66 517.25 Td (have ) Tj ET Q q 0 0 0 rg BT 123.03 517.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.97 517.25 Td (material ) Tj ET Q q 0 0 0 rg BT 165.23 517.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 198.27 517.25 Td (ef) Tj ET Q q 0 0 0 rg BT 205.85 517.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 223.34 517.25 Td (on ) Tj ET Q q 0 0 0 rg BT 235.84 517.25 Td (our ) Tj ET Q q 0 0 0 rg BT 251.67 517.25 Td (results ) Tj ET Q q 0 0 0 rg BT 280.28 517.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.11 517.25 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (The underfunded status of our multiemployer pension plans may cause us to increase our contributions to the plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.99 481.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 103.20 481.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.85 481.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 134.17 481.25 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.17 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.04 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.92 481.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 195.34 481.25 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 230.54 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.19 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.29 481.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 279.49 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.15 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.24 481.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 357.89 481.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 396.98 481.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 442.74 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 452.39 481.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 470.38 481.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 481.41 481.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 509.12 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.32 481.25 Td (this ) Tj ET Q q 0 0 0 rg BT 535.65 481.25 Td (report, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.37 469.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 107.62 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.10 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.03 469.25 Td (Steelworkers ) Tj ET Q q 0 0 0 rg BT 187.75 469.25 Td (W) Tj ET Q q 0 0 0 rg BT 196.38 469.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 222.97 469.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 275.10 469.25 Td (Shops ) Tj ET Q q 0 0 0 rg BT 302.26 469.25 Td (Pension ) Tj ET Q q 0 0 0 rg BT 336.64 469.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 357.12 469.25 Td (\(WISPP\), ) Tj ET Q q 0 0 0 rg BT 407.32 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 414.47 469.25 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 476.05 469.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.98 469.25 Td (benefiting ) Tj ET Q q 0 0 0 rg BT 539.23 469.25 Td (union ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 94.96 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.49 457.25 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 131.31 457.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 166.82 457.25 Td (we ) Tj ET Q q 0 0 0 rg BT 180.68 457.25 Td (have ) Tj ET Q q 0 0 0 rg BT 201.75 457.25 Td (no ) Tj ET Q q 0 0 0 rg BT 213.95 457.25 Td (current ) Tj ET Q q 0 0 0 rg BT 244.46 457.25 Td (intention ) Tj ET Q q 0 0 0 rg BT 282.21 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.74 457.25 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 345.48 457.25 Td (from ) Tj ET Q q 0 0 0 rg BT 367.12 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.37 457.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 409.72 457.25 Td (, ) Tj ET Q q 0 0 0 rg BT 414.42 457.25 Td (we ) Tj ET Q q 0 0 0 rg BT 428.27 457.25 Td (have ) Tj ET Q q 0 0 0 rg BT 449.35 457.25 Td (not ) Tj ET Q q 0 0 0 rg BT 464.32 457.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.38 457.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.02 457.25 Td (withdrawal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 82.99 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.66 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.88 445.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 160.30 445.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 197.17 445.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 243.77 445.25 Td (However) Tj ET Q q 0 0 0 rg BT 280.02 445.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.40 445.25 Td (if ) Tj ET Q q 0 0 0 rg BT 292.40 445.25 Td (such ) Tj ET Q q 0 0 0 rg BT 312.62 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.94 445.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 351.94 445.25 Td (were ) Tj ET Q q 0 0 0 rg BT 373.25 445.25 Td (triggered, ) Tj ET Q q 0 0 0 rg BT 413.73 445.25 Td (it ) Tj ET Q q 0 0 0 rg BT 421.17 445.25 Td (could ) Tj ET Q q 0 0 0 rg BT 445.28 445.25 Td (have ) Tj ET Q q 0 0 0 rg BT 466.04 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.36 445.25 Td (material ) Tj ET Q q 0 0 0 rg BT 507.01 445.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.43 445.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.02 445.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.42 433.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.18 433.25 Td (results ) Tj ET Q q 0 0 0 rg BT 106.71 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.47 433.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 164.05 433.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 201.45 433.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 238.60 433.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 274.92 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.78 433.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 311.97 433.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 339.12 433.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 357.09 433.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 412.29 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.50 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.96 433.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 466.04 433.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.47 433.25 Td (could ) Tj ET Q q 0 0 0 rg BT 493.11 433.25 Td (also ) Tj ET Q q 0 0 0 rg BT 511.64 433.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 546.82 433.25 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 433.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (result ) Tj ET Q q 0 0 0 rg BT 75.09 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.30 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 93.61 421.25 Td (diminished ) Tj ET Q q 0 0 0 rg BT 140.93 421.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 192.69 421.25 Td (base ) Tj ET Q q 0 0 0 rg BT 213.33 421.25 Td (due ) Tj ET Q q 0 0 0 rg BT 230.64 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.30 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.39 421.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 302.59 421.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.79 421.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 361.65 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.86 421.25 Td (other ) Tj ET Q q 0 0 0 rg BT 396.28 421.25 Td (employers ) Tj ET Q q 0 0 0 rg BT 440.81 421.25 Td (who ) Tj ET Q q 0 0 0 rg BT 460.91 421.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 499.88 421.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 543.29 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.95 421.25 Td (it, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 409.25 Td (inability ) Tj ET Q q 0 0 0 rg BT 99.84 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 110.31 409.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 138.55 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.03 409.25 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 201.72 409.25 Td (employers ) Tj ET Q q 0 0 0 rg BT 245.52 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.45 409.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 272.03 409.25 Td (their ) Tj ET Q q 0 0 0 rg BT 292.50 409.25 Td (withdrawal ) Tj ET Q q 0 0 0 rg BT 339.64 409.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 372.89 409.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.37 409.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.06 409.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 439.31 409.25 Td (deficiencies, ) Tj ET Q q 0 0 0 rg BT 491.71 409.25 Td (as ) Tj ET Q q 0 0 0 rg BT 502.19 409.25 Td (we ) Tj ET Q q 0 0 0 rg BT 515.99 409.25 Td (would ) Tj ET Q q 0 0 0 rg BT 543.14 409.25 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 397.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 81.11 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.83 397.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 139.41 397.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 186.36 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.19 397.25 Td (these ) Tj ET Q q 0 0 0 rg BT 220.23 397.25 Td (employers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.27 376.25 Td (2004, ) Tj ET Q q 0 0 0 rg BT 84.71 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.87 376.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 131.90 376.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 168.83 376.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 200.75 376.25 Td (\(IRS\) ) Tj ET Q q 0 0 0 rg BT 233.79 376.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 272.94 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 279.31 376.25 Td (seven-year ) Tj ET Q q 0 0 0 rg BT 324.56 376.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 364.83 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.10 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.25 376.25 Td (period ) Tj ET Q q 0 0 0 rg BT 416.74 376.25 Td (over ) Tj ET Q q 0 0 0 rg BT 436.45 376.25 Td (which ) Tj ET Q q 0 0 0 rg BT 462.83 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.84 376.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 505.92 376.25 Td ( ) Tj ET Q q 0 0 0 rg BT 507.86 376.25 Td (may ) Tj ET Q q 0 0 0 rg BT 527.02 376.25 Td (amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 90.47 364.25 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 132.89 364.25 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 182.81 364.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 205.51 364.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 258.75 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.78 364.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 299.69 364.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 341.28 364.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 375.09 364.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 403.62 364.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 430.77 364.25 Td (on ) Tj ET Q q 0 0 0 rg BT 443.47 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.39 364.25 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 495.51 364.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 535.43 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 364.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 79.08 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.37 352.25 Td (as ) Tj ET Q q 0 0 0 rg BT 91.99 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.60 352.25 Td (October ) Tj ET Q q 0 0 0 rg BT 137.10 352.25 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.89 352.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.89 352.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.67 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.18 352.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 216.24 352.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 261.82 352.25 Td (\(based ) Tj ET Q q 0 0 0 rg BT 290.21 352.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.50 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.00 352.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 337.61 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.23 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.74 352.25 Td (market ) Tj ET Q q 0 0 0 rg BT 392.79 352.25 Td (value ) Tj ET Q q 0 0 0 rg BT 416.73 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.35 352.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.97 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.03 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.54 352.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 530.35 352.25 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.12 340.25 Td (\(present ) Tj ET Q q 0 0 0 rg BT 119.33 340.25 Td (value ) Tj ET Q q 0 0 0 rg BT 143.99 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.33 340.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 189.42 340.25 Td (benefits\) ) Tj ET Q q 0 0 0 rg BT 227.42 340.25 Td (using ) Tj ET Q q 0 0 0 rg BT 252.09 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.32 340.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 307.54 340.25 Td (method ) Tj ET Q q 0 0 0 rg BT 340.54 340.25 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 385.20 340.25 Td (by ) Tj ET Q q 0 0 0 rg BT 398.20 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.43 340.25 Td (IRS\) ) Tj ET Q q 0 0 0 rg BT 435.33 340.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.89 340.25 Td (76.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.72 340.25 Td (, ) Tj ET Q q 0 0 0 rg BT 485.22 340.25 Td (which ) Tj ET Q q 0 0 0 rg BT 512.67 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 522.35 340.25 Td (below ) Tj ET Q q 0 0 0 rg BT 549.79 340.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 328.25 Td (geted ) Tj ET Q q 0 0 0 rg BT 85.10 328.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 119.29 328.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 140.69 328.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 179.86 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 190.72 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.01 328.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 250.73 328.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.58 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.88 328.25 Td (IRS. ) Tj ET Q q 0 0 0 rg BT 308.02 328.25 Td (In ) Tj ET Q q 0 0 0 rg BT 319.43 328.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 345.00 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.07 328.25 Td (WISPP) Tj ET Q q 0 0 0 rg BT 389.16 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 392.23 328.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 429.75 328.25 Td (relief ) Tj ET Q q 0 0 0 rg BT 453.92 328.25 Td (from ) Tj ET Q q 0 0 0 rg BT 476.43 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.73 328.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 530.90 328.25 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.71 316.25 Td (from ) Tj ET Q q 0 0 0 rg BT 126.66 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.39 316.25 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 161.96 316.25 Td (without ) Tj ET Q q 0 0 0 rg BT 195.03 316.25 Td (which ) Tj ET Q q 0 0 0 rg BT 221.98 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.71 316.25 Td (IRS ) Tj ET Q q 0 0 0 rg BT 254.78 316.25 Td (could ) Tj ET Q q 0 0 0 rg BT 279.51 316.25 Td (have ) Tj ET Q q 0 0 0 rg BT 300.90 316.25 Td (revoked ) Tj ET Q q 0 0 0 rg BT 335.62 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.34 316.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 403.39 316.25 Td (extension ) Tj ET Q q 0 0 0 rg BT 444.23 316.25 Td (retroactively ) Tj ET Q q 0 0 0 rg BT 497.27 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.56 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.29 316.25 Td (2002 ) Tj ET Q q 0 0 0 rg BT 544.80 316.25 Td (plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (year ) Tj ET Q q 0 0 0 rg BT 69.71 304.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 107.20 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.48 304.25 Td (a ) Tj ET Q q 0 0 0 rg BT 124.42 304.25 Td (material ) Tj ET Q q 0 0 0 rg BT 159.68 304.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 193.29 304.25 Td (for ) Tj ET Q q 0 0 0 rg BT 207.45 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.16 304.25 Td (Company) Tj ET Q q 0 0 0 rg BT 263.83 304.25 Td (s ) Tj ET Q q 0 0 0 rg BT 270.22 304.25 Td (share ) Tj ET Q q 0 0 0 rg BT 293.82 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.65 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.37 304.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 356.86 304.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 390.47 304.25 Td (deficiency) Tj ET Q q 0 0 0 rg BT 431.46 304.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (ITEM1B. UNRESOL) Tj ET Q q 0 0 0 rg BT 143.27 275.25 Td (VED ST) Tj ET Q q 0 0 0 rg BT 178.37 275.25 Td (AFF) Tj ET Q q 0 0 0 rg BT 197.44 275.25 Td ( COMMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.25 Td (None.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (19) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM2. PROPER) Tj ET Q q 0 0 0 rg BT 129.93 742.25 Td (TIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.05 725.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 104.98 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.92 725.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 181.63 725.25 Td (of) Tj ET Q q 0 0 0 rg BT 189.78 725.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 211.15 725.25 Td (by ) Tj ET Q q 0 0 0 rg BT 223.65 725.25 Td (type, ) Tj ET Q q 0 0 0 rg BT 245.87 725.25 Td (including ) Tj ET Q q 0 0 0 rg BT 286.14 725.25 Td (their ) Tj ET Q q 0 0 0 rg BT 306.97 725.25 Td (total ) Tj ET Q q 0 0 0 rg BT 327.24 725.25 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 362.76 725.25 Td (were ) Tj ET Q q 0 0 0 rg BT 384.69 725.25 Td (as ) Tj ET Q q 0 0 0 rg BT 395.52 725.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 428.02 725.25 Td (as ) Tj ET Q q 0 0 0 rg BT 438.85 725.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.13 725.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 495.52 725.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.52 725.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 685.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 685.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 685.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 685.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 685.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 685.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 685.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 685.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 657.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 657.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 657.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 657.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 657.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 657.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 657.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 657.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 629.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 629.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 629.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 629.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 629.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 629.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 629.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 601.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 601.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 601.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 601.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 601.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 601.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 601.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 573.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 573.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 573.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 573.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 573.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 573.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 573.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 545.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 545.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 545.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 545.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 545.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 545.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 516.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 516.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 516.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 488.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 488.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 488.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 488.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 460.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 460.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 460.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 460.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 432.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 432.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 432.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 432.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 404.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 404.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 404.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 376.75 254.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 376.75 10.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 376.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 376.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 376.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 698.75 m 434.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 698.75 m 438.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 698.75 m 498.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 698.75 m 502.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 698.75 m 562.5 698.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 685.75 m 364.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 685.75 m 434.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 685.75 m 498.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 685.75 m 562.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 685.75 m 434.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 685.75 m 498.5 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 404.75 m 364.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 404.75 m 434.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 404.75 m 498.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 404.75 m 562.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 362.75 m 364.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 362.75 m 434.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 362.75 m 498.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 362.75 m 562.5 362.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 348.75 m 364.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 362.75 m 434.5 362.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.75 m 434.5 348.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 348.75 m 498.5 348.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 348.75 m 562.5 348.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 690.43 Td (Division) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.20 700.43 Td (No. of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 314.80 690.43 Td (Facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.60 702.48 Td (Acreage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 689.48 Td (Leased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.70 689.48 Td (Owned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.05 689.48 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 676.32 Td (Corporate offices Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 676.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 676.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 676.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 676.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 662.32 Td (Metals Recycling Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 648.32 Td (Domestic:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 634.32 Td (Collection and processing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 634.32 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 634.32 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 634.32 Td (701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 634.32 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 620.32 Td (Collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 620.32 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 620.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 620.32 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 620.32 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 606.32 Td (Inactive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 606.32 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 606.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 606.32 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 606.32 Td (31) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 71.00 599.25 33.89 -9.09 re f /GS0 gs q 0 0 0 rg BT 71.00 592.32 Td (Foreign:) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 104.89 603.78 7.58 -9.09 re f /GS0 gs BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.89 596.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 578.32 Td (Collection and processing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 578.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 578.32 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 578.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 578.32 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 564.32 Td (Collection) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 564.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 564.32 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 564.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 564.32 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 550.32 Td (Inactive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 550.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 550.32 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 550.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 550.32 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.32 Td (Auto Parts Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 521.42 Td (Domestic:) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.10 525.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 507.32 Td (Administrative offices and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 507.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 507.32 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 507.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 507.32 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 493.32 Td (Stores) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 493.32 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 493.32 Td (639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 493.32 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 493.32 Td (775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 479.32 Td (Inactive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 479.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 479.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 479.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 479.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 465.32 Td (Foreign stores) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.94 469.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 465.32 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 465.32 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 465.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 465.32 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.32 Td (Steel Manufacturing Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 437.32 Td (Domestic:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 423.32 Td (Steel mill and administrative offices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 423.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 423.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 423.32 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 423.32 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 409.32 Td (Inactive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 409.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 409.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 409.32 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 409.32 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 395.32 Td (Total company:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 381.32 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 381.32 Td (119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 381.32 Td (701) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 381.32 Td (1,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 381.32 Td (1,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 367.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.11 371.85 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 367.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 367.32 Td (138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 367.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 367.32 Td (145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 353.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.41 357.85 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 353.32 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 353.32 Td (839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 353.32 Td (1,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 353.32 Td (1,872) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 336.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 321.05 Td (W) Tj ET Q q 0 0 0 rg BT 74.91 321.05 Td (e ) Tj ET Q q 0 0 0 rg BT 80.46 321.05 Td (jointly ) Tj ET Q q 0 0 0 rg BT 103.35 321.05 Td (own ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 119.13 321.05 Td (36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.13 321.05 Td ( ) Tj ET Q q 0 0 0 rg BT 129.13 321.05 Td (acres ) Tj ET Q q 0 0 0 rg BT 147.56 321.05 Td (in ) Tj ET Q q 0 0 0 rg BT 155.78 321.05 Td (California ) Tj ET Q q 0 0 0 rg BT 190.21 321.05 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.99 321.05 Td (three) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.98 321.05 Td ( ) Tj ET Q q 0 0 0 rg BT 215.98 321.05 Td (of ) Tj ET Q q 0 0 0 rg BT 224.64 321.05 Td (our ) Tj ET Q q 0 0 0 rg BT 237.30 321.05 Td (sites ) Tj ET Q q 0 0 0 rg BT 253.53 321.05 Td (with ) Tj ET Q q 0 0 0 rg BT 269.75 321.05 Td (minority ) Tj ET Q q 0 0 0 rg BT 299.30 321.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.85 321.05 Td (partners.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 308.45 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 308.45 Td (All ) Tj ET Q q 0 0 0 rg BT 80.22 308.45 Td (foreign ) Tj ET Q q 0 0 0 rg BT 105.32 308.45 Td (facilities ) Tj ET Q q 0 0 0 rg BT 134.87 308.45 Td (are ) Tj ET Q q 0 0 0 rg BT 146.63 308.45 Td (located ) Tj ET Q q 0 0 0 rg BT 171.73 308.45 Td (in ) Tj ET Q q 0 0 0 rg BT 179.95 308.45 Td (Canada.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 295.85 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 295.85 Td (For ) Tj ET Q q 0 0 0 rg BT 80.71 295.85 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 115.19 295.85 Td (assets ) Tj ET Q q 0 0 0 rg BT 135.46 295.85 Td (by ) Tj ET Q q 0 0 0 rg BT 145.05 295.85 Td (geography) Tj ET Q q 0 0 0 rg BT 178.30 295.85 Td (, ) Tj ET Q q 0 0 0 rg BT 181.90 295.85 Td (see ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.71 295.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 210.86 295.85 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.86 295.85 Td ( ) Tj ET Q q 0 0 0 rg BT 220.46 295.85 Td ( ) Tj ET Q q 0 0 0 rg BT 226.06 295.85 Td (Segment ) Tj ET Q q 0 0 0 rg BT 255.65 295.85 Td (Information ) Tj ET Q q 0 0 0 rg BT 295.46 295.85 Td (in ) Tj ET Q q 0 0 0 rg BT 303.29 295.85 Td (the ) Tj ET Q q 0 0 0 rg BT 314.66 295.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 334.92 295.85 Td (to ) Tj ET Q q 0 0 0 rg BT 342.74 295.85 Td (the ) Tj ET Q q 0 0 0 rg BT 354.11 295.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 397.93 295.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 429.30 295.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 466.00 295.85 Td (in ) Tj ET Q q 0 0 0 rg BT 473.82 295.85 Td (Part ) Tj ET Q q 0 0 0 rg BT 488.31 295.85 Td (II, ) Tj ET Q q 0 0 0 rg BT 497.24 295.85 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 519.50 295.85 Td (of ) Tj ET Q q 0 0 0 rg BT 527.76 295.85 Td (this ) Tj ET Q q 0 0 0 rg BT 540.92 295.85 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.85 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 268.85 Td (e ) Tj ET Q q 0 0 0 rg BT 65.45 268.85 Td (consider ) Tj ET Q q 0 0 0 rg BT 101.70 268.85 Td (all ) Tj ET Q q 0 0 0 rg BT 114.06 268.85 Td (properties, ) Tj ET Q q 0 0 0 rg BT 158.92 268.85 Td (both ) Tj ET Q q 0 0 0 rg BT 179.07 268.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 208.10 268.85 Td (and ) Tj ET Q q 0 0 0 rg BT 224.92 268.85 Td (leased, ) Tj ET Q q 0 0 0 rg BT 254.77 268.85 Td (to ) Tj ET Q q 0 0 0 rg BT 264.92 268.85 Td (be ) Tj ET Q q 0 0 0 rg BT 276.73 268.85 Td (well-maintained, ) Tj ET Q q 0 0 0 rg BT 346.58 268.85 Td (in ) Tj ET Q q 0 0 0 rg BT 356.73 268.85 Td (good ) Tj ET Q q 0 0 0 rg BT 379.10 268.85 Td (operating ) Tj ET Q q 0 0 0 rg BT 419.24 268.85 Td (condition ) Tj ET Q q 0 0 0 rg BT 459.38 268.85 Td (and ) Tj ET Q q 0 0 0 rg BT 476.20 268.85 Td (suitable ) Tj ET Q q 0 0 0 rg BT 509.67 268.85 Td (and ) Tj ET Q q 0 0 0 rg BT 526.48 268.85 Td (adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.85 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 256.85 Td (carry ) Tj ET Q q 0 0 0 rg BT 83.32 256.85 Td (on ) Tj ET Q q 0 0 0 rg BT 95.82 256.85 Td (our ) Tj ET Q q 0 0 0 rg BT 111.65 256.85 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.85 Td (ITEM3. LEGAL) Tj ET Q q 0 0 0 rg BT 123.63 232.85 Td ( PROCEEDINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.85 Td (From ) Tj ET Q q 0 0 0 rg BT 73.85 215.85 Td (time ) Tj ET Q q 0 0 0 rg BT 93.80 215.85 Td (to ) Tj ET Q q 0 0 0 rg BT 103.75 215.85 Td (time, ) Tj ET Q q 0 0 0 rg BT 126.21 215.85 Td (we ) Tj ET Q q 0 0 0 rg BT 140.04 215.85 Td (are ) Tj ET Q q 0 0 0 rg BT 154.43 215.85 Td (involved ) Tj ET Q q 0 0 0 rg BT 191.60 215.85 Td (in ) Tj ET Q q 0 0 0 rg BT 201.56 215.85 Td (various ) Tj ET Q q 0 0 0 rg BT 233.17 215.85 Td (litigation ) Tj ET Q q 0 0 0 rg BT 271.46 215.85 Td (matters ) Tj ET Q q 0 0 0 rg BT 303.07 215.85 Td (that ) Tj ET Q q 0 0 0 rg BT 320.24 215.85 Td (arise ) Tj ET Q q 0 0 0 rg BT 341.30 215.85 Td (in ) Tj ET Q q 0 0 0 rg BT 351.25 215.85 Td (the ) Tj ET Q q 0 0 0 rg BT 365.65 215.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 401.70 215.85 Td (course ) Tj ET Q q 0 0 0 rg BT 429.98 215.85 Td (of ) Tj ET Q q 0 0 0 rg BT 440.49 215.85 Td (business ) Tj ET Q q 0 0 0 rg BT 476.56 215.85 Td (involving ) Tj ET Q q 0 0 0 rg BT 517.07 215.85 Td (normal ) Tj ET Q q 0 0 0 rg BT 547.57 215.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.85 Td (routine ) Tj ET Q q 0 0 0 rg BT 81.47 203.85 Td (claims, ) Tj ET Q q 0 0 0 rg BT 113.21 203.85 Td (including ) Tj ET Q q 0 0 0 rg BT 154.13 203.85 Td (environmental ) Tj ET Q q 0 0 0 rg BT 215.03 203.85 Td (compliance ) Tj ET Q q 0 0 0 rg BT 264.26 203.85 Td (matters. ) Tj ET Q q 0 0 0 rg BT 299.34 203.85 Td (Except ) Tj ET Q q 0 0 0 rg BT 330.24 203.85 Td (in ) Tj ET Q q 0 0 0 rg BT 341.16 203.85 Td (connection ) Tj ET Q q 0 0 0 rg BT 388.18 203.85 Td (with ) Tj ET Q q 0 0 0 rg BT 409.10 203.85 Td (our ) Tj ET Q q 0 0 0 rg BT 425.57 203.85 Td (status ) Tj ET Q q 0 0 0 rg BT 451.49 203.85 Td (as ) Tj ET Q q 0 0 0 rg BT 462.96 203.85 Td (a ) Tj ET Q q 0 0 0 rg BT 470.54 203.85 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.45 203.85 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.85 Td (party ) Tj ET Q q 0 0 0 rg BT 72.74 191.85 Td (with ) Tj ET Q q 0 0 0 rg BT 92.71 191.85 Td (respect ) Tj ET Q q 0 0 0 rg BT 123.22 191.85 Td (to ) Tj ET Q q 0 0 0 rg BT 133.19 191.85 Td (the ) Tj ET Q q 0 0 0 rg BT 147.60 191.85 Td (Portland ) Tj ET Q q 0 0 0 rg BT 183.69 191.85 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 214.20 191.85 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 258.05 191.85 Td (Site, ) Tj ET Q q 0 0 0 rg BT 278.30 191.85 Td (which ) Tj ET Q q 0 0 0 rg BT 304.94 191.85 Td (is ) Tj ET Q q 0 0 0 rg BT 313.80 191.85 Td (described ) Tj ET Q q 0 0 0 rg BT 354.31 191.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.28 191.85 Td (Note ) Tj ET Q q 0 0 0 rg BT 385.91 191.85 Td (1) Tj ET Q q 0 0 0 rg BT 390.54 191.85 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.54 191.85 Td ( ) Tj ET Q q 0 0 0 rg BT 397.74 191.85 Td ( ) Tj ET Q q 0 0 0 rg BT 404.93 191.85 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 463.79 191.85 Td (and ) Tj ET Q q 0 0 0 rg BT 480.43 191.85 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 539.83 191.85 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 191.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.85 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.29 179.85 Td (to ) Tj ET Q q 0 0 0 rg BT 87.03 179.85 Td (the ) Tj ET Q q 0 0 0 rg BT 102.21 179.85 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 157.94 179.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 198.12 179.85 Td (Statements ) Tj ET Q q 0 0 0 rg BT 244.96 179.85 Td (in ) Tj ET Q q 0 0 0 rg BT 255.70 179.85 Td (Part ) Tj ET Q q 0 0 0 rg BT 274.77 179.85 Td (II, ) Tj ET Q q 0 0 0 rg BT 286.89 179.85 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 315.68 179.85 Td (of ) Tj ET Q q 0 0 0 rg BT 326.97 179.85 Td (this ) Tj ET Q q 0 0 0 rg BT 344.38 179.85 Td (report ) Tj ET Q q 0 0 0 rg BT 371.22 179.85 Td (and ) Tj ET Q q 0 0 0 rg BT 388.62 179.85 Td (is ) Tj ET Q q 0 0 0 rg BT 398.25 179.85 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 451.74 179.85 Td (into ) Tj ET Q q 0 0 0 rg BT 470.26 179.85 Td (this ) Tj ET Q q 0 0 0 rg BT 487.67 179.85 Td (item, ) Tj ET Q q 0 0 0 rg BT 510.91 179.85 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.85 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.99 167.85 Td (believes ) Tj ET Q q 0 0 0 rg BT 122.66 167.85 Td (that ) Tj ET Q q 0 0 0 rg BT 139.55 167.85 Td (the ) Tj ET Q q 0 0 0 rg BT 153.67 167.85 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 188.33 167.85 Td (outcome ) Tj ET Q q 0 0 0 rg BT 224.67 167.85 Td (of ) Tj ET Q q 0 0 0 rg BT 234.90 167.85 Td (these ) Tj ET Q q 0 0 0 rg BT 257.34 167.85 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 310.06 167.85 Td (individually ) Tj ET Q q 0 0 0 rg BT 360.29 167.85 Td (or ) Tj ET Q q 0 0 0 rg BT 370.52 167.85 Td (in ) Tj ET Q q 0 0 0 rg BT 380.20 167.85 Td (the ) Tj ET Q q 0 0 0 rg BT 394.31 167.85 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 437.57 167.85 Td (will ) Tj ET Q q 0 0 0 rg BT 455.03 167.85 Td (not ) Tj ET Q q 0 0 0 rg BT 469.71 167.85 Td (have ) Tj ET Q q 0 0 0 rg BT 490.48 167.85 Td (a ) Tj ET Q q 0 0 0 rg BT 496.82 167.85 Td (material ) Tj ET Q q 0 0 0 rg BT 531.48 167.85 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.85 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 155.85 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 155.85 Td (on ) Tj ET Q q 0 0 0 rg BT 87.57 155.85 Td (our ) Tj ET Q q 0 0 0 rg BT 103.40 155.85 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 156.45 155.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.93 155.85 Td (position, ) Tj ET Q q 0 0 0 rg BT 231.15 155.85 Td (results ) Tj ET Q q 0 0 0 rg BT 259.76 155.85 Td (of ) Tj ET Q q 0 0 0 rg BT 270.59 155.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 317.25 155.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 337.51 155.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 362.24 155.85 Td (or ) Tj ET Q q 0 0 0 rg BT 373.07 155.85 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.85 Td (In ) Tj ET Q q 0 0 0 rg BT 61.18 134.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.68 134.85 Td (2013, ) Tj ET Q q 0 0 0 rg BT 111.02 134.85 Td (the ) Tj ET Q q 0 0 0 rg BT 126.08 134.85 Td (Commonwealth ) Tj ET Q q 0 0 0 rg BT 192.81 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 203.99 134.85 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 264.60 134.85 Td (advised ) Tj ET Q q 0 0 0 rg BT 298.00 134.85 Td (us ) Tj ET Q q 0 0 0 rg BT 309.73 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 320.91 134.85 Td (alleged ) Tj ET Q q 0 0 0 rg BT 352.63 134.85 Td (violations ) Tj ET Q q 0 0 0 rg BT 394.92 134.85 Td (of ) Tj ET Q q 0 0 0 rg BT 406.09 134.85 Td (environmental ) Tj ET Q q 0 0 0 rg BT 466.70 134.85 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 524.24 134.85 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.85 Td (but ) Tj ET Q q 0 0 0 rg BT 65.49 122.85 Td (not ) Tj ET Q q 0 0 0 rg BT 80.97 122.85 Td (limited ) Tj ET Q q 0 0 0 rg BT 112.01 122.85 Td (to ) Tj ET Q q 0 0 0 rg BT 122.50 122.85 Td (those ) Tj ET Q q 0 0 0 rg BT 146.32 122.85 Td (related ) Tj ET Q q 0 0 0 rg BT 176.23 122.85 Td (to ) Tj ET Q q 0 0 0 rg BT 186.72 122.85 Td (air ) Tj ET Q q 0 0 0 rg BT 199.97 122.85 Td (emissions ) Tj ET Q q 0 0 0 rg BT 242.13 122.85 Td (and ) Tj ET Q q 0 0 0 rg BT 259.28 122.85 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 302.52 122.85 Td (waste ) Tj ET Q q 0 0 0 rg BT 328.00 122.85 Td (management, ) Tj ET Q q 0 0 0 rg BT 384.30 122.85 Td (at ) Tj ET Q q 0 0 0 rg BT 394.22 122.85 Td (our ) Tj ET Q q 0 0 0 rg BT 410.26 122.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 454.63 122.85 Td (in ) Tj ET Q q 0 0 0 rg BT 465.12 122.85 Td (the ) Tj ET Q q 0 0 0 rg BT 480.04 122.85 Td (Commonwealth. ) Tj ET Q q 0 0 0 rg BT 548.94 122.85 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 122.85 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.85 Td (have ) Tj ET Q q 0 0 0 rg BT 70.67 110.85 Td (been ) Tj ET Q q 0 0 0 rg BT 91.34 110.85 Td (discussing ) Tj ET Q q 0 0 0 rg BT 134.81 110.85 Td (resolution ) Tj ET Q q 0 0 0 rg BT 176.60 110.85 Td (of ) Tj ET Q q 0 0 0 rg BT 186.72 110.85 Td (the ) Tj ET Q q 0 0 0 rg BT 200.73 110.85 Td (alleged ) Tj ET Q q 0 0 0 rg BT 231.40 110.85 Td (violations ) Tj ET Q q 0 0 0 rg BT 272.64 110.85 Td (with ) Tj ET Q q 0 0 0 rg BT 292.21 110.85 Td (the ) Tj ET Q q 0 0 0 rg BT 306.22 110.85 Td (Commonwealth's ) Tj ET Q q 0 0 0 rg BT 377.59 110.85 Td (representatives ) Tj ET Q q 0 0 0 rg BT 439.36 110.85 Td (and ) Tj ET Q q 0 0 0 rg BT 455.59 110.85 Td (have ) Tj ET Q q 0 0 0 rg BT 476.26 110.85 Td (reached ) Tj ET Q q 0 0 0 rg BT 509.14 110.85 Td (an ) Tj ET Q q 0 0 0 rg BT 520.37 110.85 Td (agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.85 Td (in ) Tj ET Q q 0 0 0 rg BT 60.75 98.85 Td (principle ) Tj ET Q q 0 0 0 rg BT 99.27 98.85 Td (to ) Tj ET Q q 0 0 0 rg BT 110.02 98.85 Td (resolve ) Tj ET Q q 0 0 0 rg BT 141.87 98.85 Td (the ) Tj ET Q q 0 0 0 rg BT 157.06 98.85 Td (alleged ) Tj ET Q q 0 0 0 rg BT 188.91 98.85 Td (violations. ) Tj ET Q q 0 0 0 rg BT 233.82 98.85 Td (No ) Tj ET Q q 0 0 0 rg BT 249.02 98.85 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 301.96 98.85 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 349.36 98.85 Td (has ) Tj ET Q q 0 0 0 rg BT 365.66 98.85 Td (been ) Tj ET Q q 0 0 0 rg BT 387.51 98.85 Td (filed ) Tj ET Q q 0 0 0 rg BT 408.81 98.85 Td (to ) Tj ET Q q 0 0 0 rg BT 419.57 98.85 Td (date ) Tj ET Q q 0 0 0 rg BT 439.19 98.85 Td (and ) Tj ET Q q 0 0 0 rg BT 456.61 98.85 Td (we ) Tj ET Q q 0 0 0 rg BT 471.24 98.85 Td (do ) Tj ET Q q 0 0 0 rg BT 484.21 98.85 Td (not ) Tj ET Q q 0 0 0 rg BT 499.97 98.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 531.81 98.85 Td (that ) Tj ET Q q 0 0 0 rg BT 549.78 98.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.85 Td (outcome ) Tj ET Q q 0 0 0 rg BT 86.93 86.85 Td (of ) Tj ET Q q 0 0 0 rg BT 97.76 86.85 Td (this ) Tj ET Q q 0 0 0 rg BT 114.71 86.85 Td (matter ) Tj ET Q q 0 0 0 rg BT 142.75 86.85 Td (will ) Tj ET Q q 0 0 0 rg BT 160.81 86.85 Td (be ) Tj ET Q q 0 0 0 rg BT 172.75 86.85 Td (material ) Tj ET Q q 0 0 0 rg BT 208.01 86.85 Td (to ) Tj ET Q q 0 0 0 rg BT 218.29 86.85 Td (our ) Tj ET Q q 0 0 0 rg BT 234.12 86.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.60 86.85 Td (position, ) Tj ET Q q 0 0 0 rg BT 308.82 86.85 Td (results ) Tj ET Q q 0 0 0 rg BT 337.43 86.85 Td (of ) Tj ET Q q 0 0 0 rg BT 348.26 86.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 394.92 86.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 415.19 86.85 Td (flows ) Tj ET Q q 0 0 0 rg BT 439.91 86.85 Td (or ) Tj ET Q q 0 0 0 rg BT 450.74 86.85 Td (liquidity) Tj ET Q q 0 0 0 rg BT 483.98 86.85 Td (. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (20) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM4. MINE SAFETY) Tj ET Q q 0 0 0 rg BT 157.97 742.25 Td ( DISCLOSURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Not applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (EXECUTIVE ) Tj ET Q q 0 0 0 rg BT 111.96 703.25 Td (OFFICERS ) Tj ET Q q 0 0 0 rg BT 165.02 703.25 Td (OF) Tj ET Q q 0 0 0 rg BT 178.54 703.25 Td ( ) Tj ET Q q 0 0 0 rg BT 180.85 703.25 Td (THE ) Tj ET Q q 0 0 0 rg BT 204.47 703.25 Td (REGISTRANT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (Information about our executive of) Tj ET Q q 0 0 0 rg BT 189.77 685.25 Td (ficers is incorporated by reference from Part III, Item 10 of this annual report. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (21) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.45 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 294.09 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 307.38 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 313.31 742.10 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (ITEM5. MARKET) Tj ET Q q 0 0 0 rg BT 133.99 713.10 Td ( FOR REGISTRANTS COMMON EQUITY) Tj ET Q q 0 0 0 rg BT 327.53 713.10 Td (, RELA) Tj ET Q q 0 0 0 rg BT 359.57 713.10 Td (TED ST) Tj ET Q q 0 0 0 rg BT 394.68 713.10 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 479.22 713.10 Td (TTERS ) Tj ET Q q 0 0 0 rg BT 513.96 713.10 Td (AND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (ISSUER PURCHASES OF) Tj ET Q q 0 0 0 rg BT 165.21 701.10 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 206.79 701.10 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.99 684.10 Td (Class) Tj ET Q q 0 0 0 rg BT 91.61 684.10 Td (A) Tj ET Q q 0 0 0 rg BT 98.28 684.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.72 684.10 Td (common ) Tj ET Q q 0 0 0 rg BT 138.16 684.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.71 684.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.82 684.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 194.92 684.10 Td (on ) Tj ET Q q 0 0 0 rg BT 207.36 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.02 684.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 266.13 684.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 295.79 684.10 Td (Select ) Tj ET Q q 0 0 0 rg BT 322.66 684.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 353.98 684.10 Td (\(NASDAQ\) ) Tj ET Q q 0 0 0 rg BT 413.63 684.10 Td (under ) Tj ET Q q 0 0 0 rg BT 438.83 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.49 684.10 Td (symbol ) Tj ET Q q 0 0 0 rg BT 485.38 684.10 Td (SCHN. ) Tj ET Q q 0 0 0 rg BT 516.82 684.10 Td (There ) Tj ET Q q 0 0 0 rg BT 542.57 684.10 Td (were ) Tj ET Q q 0 0 0 rg BT 564.50 684.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.16 672.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 102.77 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.26 672.10 Td (record ) Tj ET Q q 0 0 0 rg BT 144.96 672.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.45 672.10 Td (Class) Tj ET Q q 0 0 0 rg BT 181.07 672.10 Td (A) Tj ET Q q 0 0 0 rg BT 187.74 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.91 672.10 Td (common ) Tj ET Q q 0 0 0 rg BT 231.06 672.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 256.34 672.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.50 672.10 Td (October23, ) Tj ET Q q 0 0 0 rg BT 321.87 672.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.87 672.10 Td (. ) Tj ET Q q 0 0 0 rg BT 348.53 672.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 368.25 672.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 393.16 672.10 Td (A) Tj ET Q q 0 0 0 rg BT 399.83 672.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.00 672.10 Td (common ) Tj ET Q q 0 0 0 rg BT 443.16 672.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 468.43 672.10 Td (has ) Tj ET Q q 0 0 0 rg BT 485.92 672.10 Td (been ) Tj ET Q q 0 0 0 rg BT 508.96 672.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 541.45 672.10 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (November16, ) Tj ET Q q 0 0 0 rg BT 109.36 660.10 Td (1993. ) Tj ET Q q 0 0 0 rg BT 133.85 660.10 Td (The ) Tj ET Q q 0 0 0 rg BT 151.55 660.10 Td (following ) Tj ET Q q 0 0 0 rg BT 192.59 660.10 Td (table ) Tj ET Q q 0 0 0 rg BT 214.17 660.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 231.32 660.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 252.91 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.28 660.10 Td (high ) Tj ET Q q 0 0 0 rg BT 287.21 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.80 660.10 Td (low ) Tj ET Q q 0 0 0 rg BT 320.95 660.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 351.43 660.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 374.69 660.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 400.71 660.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 436.18 660.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.33 660.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 492.15 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.74 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 660.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.72 648.10 Td (per ) Tj ET Q q 0 0 0 rg BT 84.99 648.10 Td (share ) Tj ET Q q 0 0 0 rg BT 108.58 648.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.74 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.46 648.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 169.40 648.10 Td (indicated.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 603.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 603.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 603.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 573.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 573.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 573.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 573.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 573.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 515.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 515.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 515.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 515.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 515.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 485.60 284.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 485.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 485.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 485.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 485.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 617.6 m 394.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 617.6 m 398.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 617.6 m 458.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 617.6 m 462.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 617.6 m 562.5 617.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 603.6 m 394.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 603.6 m 458.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 603.6 m 562.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 603.6 m 394.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 603.6 m 458.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 603.6 m 562.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 529.6 m 394.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 529.6 m 398.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 529.6 m 458.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 529.6 m 462.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 529.6 m 562.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 515.6 m 394.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 515.6 m 458.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 515.6 m 562.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 515.6 m 394.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 515.6 m 458.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 515.6 m 562.5 515.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 621.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 622.28 Td (Fiscal 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 607.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.05 608.28 Td (HighPrice) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 608.28 Td (LowPrice) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.25 608.28 Td (DividendsPerShare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.17 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 593.27 Td (31.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 593.27 Td (25.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 593.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.17 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 578.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 578.27 Td (32.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 578.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 578.27 Td (25.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 578.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 578.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 564.17 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 563.27 Td (29.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 563.27 Td (24.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 563.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 563.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.17 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 548.27 Td (28.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 548.27 Td (24.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 548.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 548.27 Td (0.188) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 533.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 534.28 Td (Fiscal 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 519.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.05 520.28 Td (High Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.20 520.28 Td (Low Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.25 520.28 Td (Dividends Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.17 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 505.27 Td (32.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 505.27 Td (26.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 505.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.17 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 490.27 Td (31.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 490.27 Td (27.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 490.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 490.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.17 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 475.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 475.27 Td (29.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 475.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 475.27 Td (23.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 475.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 475.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.17 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 460.27 Td (27.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.00 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.15 460.27 Td (23.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 460.27 Td (0.188) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.78 432.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 91.67 432.10 Td (B ) Tj ET Q q 0 0 0 rg BT 100.56 432.10 Td (common ) Tj ET Q q 0 0 0 rg BT 137.78 432.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.12 432.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.01 432.10 Td (not ) Tj ET Q q 0 0 0 rg BT 185.01 432.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 220.01 432.10 Td (traded. ) Tj ET Q q 0 0 0 rg BT 249.56 432.10 Td (There ) Tj ET Q q 0 0 0 rg BT 275.10 432.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.75 432.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.75 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.98 432.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 335.64 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.19 432.10 Td (record ) Tj ET Q q 0 0 0 rg BT 373.95 432.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.51 432.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 408.40 432.10 Td (B ) Tj ET Q q 0 0 0 rg BT 417.30 432.10 Td (common ) Tj ET Q q 0 0 0 rg BT 454.51 432.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 477.85 432.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.07 432.10 Td (October23, ) Tj ET Q q 0 0 0 rg BT 539.50 432.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 432.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 411.10 Td (Issuer) Tj ET Q q 0 0 0 rg BT 75.93 411.10 Td ( Pur) Tj ET Q q 0 0 0 rg BT 94.36 411.10 Td (chases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.68 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.14 393.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.27 393.10 Td (share ) Tj ET Q q 0 0 0 rg BT 129.05 393.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 175.04 393.10 Td (program ) Tj ET Q q 0 0 0 rg BT 211.60 393.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.61 393.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 261.39 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.85 393.10 Td (2001 ) Tj ET Q q 0 0 0 rg BT 294.53 393.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.65 393.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 336.84 393.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.18 393.10 Td (were ) Tj ET Q q 0 0 0 rg BT 373.29 393.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 418.18 393.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.64 393.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 474.63 393.10 Td (up ) Tj ET Q q 0 0 0 rg BT 487.31 393.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.77 393.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 505.45 393.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.35 393.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.03 393.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.43 381.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.85 381.10 Td (Class) Tj ET Q q 0 0 0 rg BT 101.47 381.10 Td (A) Tj ET Q q 0 0 0 rg BT 108.14 381.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.24 381.10 Td (common ) Tj ET Q q 0 0 0 rg BT 149.33 381.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 173.54 381.10 Td (when ) Tj ET Q q 0 0 0 rg BT 198.29 381.10 Td (management ) Tj ET Q q 0 0 0 rg BT 252.48 381.10 Td (deems ) Tj ET Q q 0 0 0 rg BT 281.13 381.10 Td (such ) Tj ET Q q 0 0 0 rg BT 302.55 381.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 352.85 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.72 381.10 Td (be ) Tj ET Q q 0 0 0 rg BT 376.26 381.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 427.39 381.10 Td (In ) Tj ET Q q 0 0 0 rg BT 438.81 381.10 Td (November ) Tj ET Q q 0 0 0 rg BT 484.12 381.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 509.72 381.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.14 381.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.68 381.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 90.29 369.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 130.57 369.10 Td (an ) Tj ET Q q 0 0 0 rg BT 143.09 369.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 178.92 369.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.78 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.07 369.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.14 369.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 278.42 369.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.16 369.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 339.55 369.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.62 369.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 360.70 369.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.59 369.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.17 369.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.03 369.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 414.11 369.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 369.10 Td (. ) Tj ET Q q 0 0 0 rg BT 448.58 369.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 471.66 369.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.51 369.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.25 369.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.25 369.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.83 369.10 Td (we ) Tj ET Q q 0 0 0 rg BT 547.57 369.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 100.47 357.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.39 357.10 Td (6.9 ) Tj ET Q q 0 0 0 rg BT 175.05 357.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.95 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.11 357.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 233.26 357.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.75 357.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.25 357.10 Td (Class) Tj ET Q q 0 0 0 rg BT 282.87 357.10 Td (A) Tj ET Q q 0 0 0 rg BT 289.54 357.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.70 357.10 Td (common ) Tj ET Q q 0 0 0 rg BT 328.86 357.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 352.13 357.10 Td (under ) Tj ET Q q 0 0 0 rg BT 377.06 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.44 357.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 429.82 357.10 Td (W) Tj ET Q q 0 0 0 rg BT 438.46 357.10 Td (e ) Tj ET Q q 0 0 0 rg BT 445.06 357.10 Td (did ) Tj ET Q q 0 0 0 rg BT 460.00 357.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.95 357.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 520.42 357.10 Td (any ) Tj ET Q q 0 0 0 rg BT 537.02 357.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.42 345.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.84 345.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 101.91 345.10 Td (A) Tj ET Q q 0 0 0 rg BT 108.58 345.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.67 345.10 Td (common ) Tj ET Q q 0 0 0 rg BT 149.76 345.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 173.95 345.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.82 345.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.56 345.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.56 345.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.15 345.10 Td (leaving ) Tj ET Q q 0 0 0 rg BT 267.67 345.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.52 345.10 Td (2.1 ) Tj ET Q q 0 0 0 rg BT 344.11 345.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.00 345.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.09 345.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 404.17 345.10 Td (available ) Tj ET Q q 0 0 0 rg BT 443.34 345.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.09 345.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 504.49 345.10 Td (under ) Tj ET Q q 0 0 0 rg BT 530.34 345.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (authorizations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.93 312.10 Td (share ) Tj ET Q q 0 0 0 rg BT 93.42 312.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 140.11 312.10 Td (program ) Tj ET Q q 0 0 0 rg BT 177.38 312.10 Td (does ) Tj ET Q q 0 0 0 rg BT 199.10 312.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.26 312.10 Td (require ) Tj ET Q q 0 0 0 rg BT 246.97 312.10 Td (us ) Tj ET Q q 0 0 0 rg BT 259.25 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.41 312.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 303.22 312.10 Td (any ) Tj ET Q q 0 0 0 rg BT 321.05 312.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 355.53 312.10 Td (number ) Tj ET Q q 0 0 0 rg BT 389.46 312.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.18 312.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 432.06 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.89 312.10 Td (we ) Tj ET Q q 0 0 0 rg BT 464.93 312.10 Td (may ) Tj ET Q q 0 0 0 rg BT 485.54 312.10 Td (suspend, ) Tj ET Q q 0 0 0 rg BT 523.65 312.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 553.69 312.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 89.56 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.58 300.10 Td (program ) Tj ET Q q 0 0 0 rg BT 139.26 300.10 Td (at ) Tj ET Q q 0 0 0 rg BT 148.28 300.10 Td (any ) Tj ET Q q 0 0 0 rg BT 164.52 300.10 Td (time ) Tj ET Q q 0 0 0 rg BT 184.10 300.10 Td (without ) Tj ET Q q 0 0 0 rg BT 216.46 300.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 237.70 300.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 263.94 300.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.18 300.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.20 300.10 Td (program ) Tj ET Q q 0 0 0 rg BT 329.88 300.10 Td (may ) Tj ET Q q 0 0 0 rg BT 348.90 300.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.14 300.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 397.48 300.10 Td (through ) Tj ET Q q 0 0 0 rg BT 430.39 300.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 482.73 300.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 526.46 300.10 Td (privately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 94.96 288.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 146.03 288.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.67 288.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 194.31 288.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 216.50 288.10 Td (10b5-1 ) Tj ET Q q 0 0 0 rg BT 248.14 288.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 291.48 288.10 Td (W) Tj ET Q q 0 0 0 rg BT 300.11 288.10 Td (e ) Tj ET Q q 0 0 0 rg BT 307.86 288.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 344.48 288.10 Td (long- ) Tj ET Q q 0 0 0 rg BT 368.90 288.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.64 288.10 Td (short-range ) Tj ET Q q 0 0 0 rg BT 435.49 288.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 474.33 288.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.97 288.10 Td (well ) Tj ET Q q 0 0 0 rg BT 506.50 288.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.13 288.10 Td (anticipated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 82.49 276.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.43 276.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 119.15 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.98 276.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.25 276.10 Td (before ) Tj ET Q q 0 0 0 rg BT 178.29 276.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 229.11 276.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.82 276.10 Td (course ) Tj ET Q q 0 0 0 rg BT 272.42 276.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.25 276.10 Td (action ) Tj ET Q q 0 0 0 rg BT 310.19 276.10 Td (that ) Tj ET Q q 0 0 0 rg BT 327.68 276.10 Td (would ) Tj ET Q q 0 0 0 rg BT 355.18 276.10 Td (best ) Tj ET Q q 0 0 0 rg BT 373.79 276.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 409.04 276.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 458.19 276.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.98 255.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.29 255.10 Td (graph ) Tj ET Q q 0 0 0 rg BT 134.49 255.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.36 255.10 Td (related ) Tj ET Q q 0 0 0 rg BT 181.00 255.10 Td (information ) Tj ET Q q 0 0 0 rg BT 230.64 255.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 271.38 255.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 318.24 255.10 Td (total ) Tj ET Q q 0 0 0 rg BT 338.45 255.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 387.52 255.10 Td (return ) Tj ET Q q 0 0 0 rg BT 413.83 255.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.26 255.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.02 255.10 Td (Class) Tj ET Q q 0 0 0 rg BT 465.64 255.10 Td (A) Tj ET Q q 0 0 0 rg BT 472.31 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.74 255.10 Td (common ) Tj ET Q q 0 0 0 rg BT 512.17 255.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 535.71 255.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 255.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (five-year ) Tj ET Q q 0 0 0 rg BT 88.45 243.10 Td (period ) Tj ET Q q 0 0 0 rg BT 116.37 243.10 Td (from ) Tj ET Q q 0 0 0 rg BT 138.18 243.10 Td (September1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.32 243.10 Td (2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.32 243.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.69 243.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.64 243.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 294.90 243.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.90 243.10 Td (, ) Tj ET Q q 0 0 0 rg BT 319.77 243.10 Td (with ) Tj ET Q q 0 0 0 rg BT 339.92 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.51 243.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 401.31 243.10 Td (total ) Tj ET Q q 0 0 0 rg BT 421.45 243.10 Td (return ) Tj ET Q q 0 0 0 rg BT 447.70 243.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.73 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.32 243.10 Td (same ) Tj ET Q q 0 0 0 rg BT 499.24 243.10 Td (period ) Tj ET Q q 0 0 0 rg BT 527.15 243.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.86 243.10 Td (\(i\)the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 68.53 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.19 231.10 Td (500 ) Tj ET Q q 0 0 0 rg BT 88.85 231.10 Td (Index, ) Tj ET Q q 0 0 0 rg BT 116.78 231.10 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 146.38 231.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 164.91 231.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.57 231.10 Td (Steel ) Tj ET Q q 0 0 0 rg BT 190.22 231.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 215.65 231.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.75 231.10 Td (\(iii\)the ) Tj ET Q q 0 0 0 rg BT 265.13 231.10 Td (NASDAQ ) Tj ET Q q 0 0 0 rg BT 309.46 231.10 Td (Composite ) Tj ET Q q 0 0 0 rg BT 355.45 231.10 Td (Index. ) Tj ET Q q 0 0 0 rg BT 383.19 231.10 Td (These ) Tj ET Q q 0 0 0 rg BT 409.73 231.10 Td (comparisons ) Tj ET Q q 0 0 0 rg BT 462.94 231.10 Td (assume ) Tj ET Q q 0 0 0 rg BT 495.04 231.10 Td (an ) Tj ET Q q 0 0 0 rg BT 507.14 231.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 553.68 231.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 72.04 219.10 Td (at ) Tj ET Q q 0 0 0 rg BT 81.29 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.55 219.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 160.89 219.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.26 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.52 219.10 Td (period ) Tj ET Q q 0 0 0 rg BT 213.10 219.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.58 219.10 Td (that ) Tj ET Q q 0 0 0 rg BT 246.61 219.10 Td (all ) Tj ET Q q 0 0 0 rg BT 258.65 219.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 299.57 219.10 Td (are ) Tj ET Q q 0 0 0 rg BT 313.82 219.10 Td (reinvested. ) Tj ET Q q 0 0 0 rg BT 359.30 219.10 Td (The ) Tj ET Q q 0 0 0 rg BT 376.89 219.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 400.04 219.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 452.60 219.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 487.41 219.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.23 219.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.48 219.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.10 Td (graph ) Tj ET Q q 0 0 0 rg BT 75.92 207.10 Td (below ) Tj ET Q q 0 0 0 rg BT 103.51 207.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.33 207.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.25 207.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 176.83 207.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 219.40 207.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.88 207.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.36 207.10 Td (future ) Tj ET Q q 0 0 0 rg BT 274.39 207.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 330.56 207.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.15 207.10 Td (we ) Tj ET Q q 0 0 0 rg BT 362.96 207.10 Td (do ) Tj ET Q q 0 0 0 rg BT 376.11 207.10 Td (not ) Tj ET Q q 0 0 0 rg BT 392.04 207.10 Td (endorse ) Tj ET Q q 0 0 0 rg BT 426.28 207.10 Td (any ) Tj ET Q q 0 0 0 rg BT 443.87 207.10 Td (predictions ) Tj ET Q q 0 0 0 rg BT 491.46 207.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.93 207.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.86 207.10 Td (future ) Tj ET Q q 0 0 0 rg BT 540.89 207.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.10 Td (performance.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (22) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q /GS0 gs q 460.00 0 0 365.00 76.00 379.00 cm /I1 Do Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 345.50 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 345.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 345.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 345.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 345.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 345.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 345.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 345.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 345.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 345.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 345.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 345.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 315.50 132.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 315.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 315.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 315.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 315.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 315.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 315.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 315.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 315.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 315.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 315.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 315.50 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 359.5 m 242.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 359.5 m 246.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 359.5 m 306.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 359.5 m 310.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 359.5 m 370.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 359.5 m 374.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 359.5 m 434.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 359.5 m 438.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 359.5 m 498.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 359.5 m 502.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 359.5 m 562.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 359.5 m 242.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 345.5 m 242.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 345.5 m 306.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 345.5 m 370.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 345.5 m 434.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 345.5 m 498.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 345.5 m 562.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 345.5 m 242.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 345.5 m 306.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 345.5 m 370.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 345.5 m 434.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 345.5 m 498.5 345.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 345.5 m 562.5 345.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 363.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 364.18 Td (Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.00 350.18 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 350.18 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 350.18 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 350.18 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 350.18 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 350.18 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 336.07 Td (Schnitzer Steel Industries) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.20 340.60 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 335.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 335.17 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 335.17 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 335.17 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 335.17 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 335.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 335.17 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.07 Td (S&P 500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 320.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 320.17 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 320.17 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 320.17 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 320.17 Td (174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 320.17 Td (218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 306.07 Td (S&P Steel Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 305.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 305.17 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 305.17 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 305.17 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 305.17 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 305.17 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.07 Td (NASDAQ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.65 290.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 290.17 Td (106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 290.17 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 290.17 Td (157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 290.17 Td (187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 290.17 Td (241) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 276.40 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 260.80 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 68.00 260.80 Td (Because we operate in three distinct but related businesses, we have no direct market peer issuers.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (23) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM6. SELECTED FINANCIAL) Tj ET Q q 0 0 0 rg BT 201.14 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 217.34 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 223.27 742.25 Td (A) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 703.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 703.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 703.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 703.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 703.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 703.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 703.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 703.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 703.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 703.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 673.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 673.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 673.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 673.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 673.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 673.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 673.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 643.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 643.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 643.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 643.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 643.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 643.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 643.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 603.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 603.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 603.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 563.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 563.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 563.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 563.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 563.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 563.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 563.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 563.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 563.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 523.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 523.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 493.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 493.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 493.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 493.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 493.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 493.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 493.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 463.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 463.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 463.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 463.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 463.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 463.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 433.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 433.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 433.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 433.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 433.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 433.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 433.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 393.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 393.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 363.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 363.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 363.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 333.75 316.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 305.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 305.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 305.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 305.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 305.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 305.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 305.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 305.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 305.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 305.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 275.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 275.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 275.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 275.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 275.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 275.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 275.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 275.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 275.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 275.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 717.75 m 306.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 717.75 m 310.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 717.75 m 370.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 717.75 m 374.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 717.75 m 434.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 717.75 m 438.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 717.75 m 498.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 717.75 m 502.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 717.75 m 562.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 703.75 m 306.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 703.75 m 370.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 703.75 m 434.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 703.75 m 498.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.75 m 562.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 319.75 m 306.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 319.75 m 310.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 319.75 m 370.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 319.75 m 374.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 319.75 m 434.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 319.75 m 438.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 319.75 m 498.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 319.75 m 502.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 319.75 m 562.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 319.75 m 306.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 305.75 m 306.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 319.75 m 310.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 319.75 m 370.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 305.75 m 370.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 319.75 m 374.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 319.75 m 434.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 305.75 m 434.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 319.75 m 438.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 319.75 m 498.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 305.75 m 498.5 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 319.75 m 502.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 319.75 m 562.5 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 305.75 m 562.5 305.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 722.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.15 722.43 Td (Year Ended August31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 708.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 708.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 708.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 708.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 708.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 708.43 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 693.42 Td (STATEMENT OF OPERATIONS DATA:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 678.42 Td (\(in thousands, except per share and dividend data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 663.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 663.42 Td (2,543,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 663.42 Td (2,621,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 663.42 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 663.42 Td (3,459,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 663.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 663.42 Td (2,301,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 648.42 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.64 652.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 648.42 Td (20,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 648.47 Td (\(327,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 648.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 648.42 Td (53,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 648.42 Td (185,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 648.42 Td (125,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 633.42 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 633.42 Td (8,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 633.47 Td (\(280,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 633.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 633.42 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 633.42 Td (123,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 633.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 633.42 Td (84,508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 618.42 Td (Income \(loss\) from discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 608.42 Td (operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 155.42 612.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 608.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 608.42 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 608.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 608.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 608.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 608.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 608.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 608.47 Td (\(101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 608.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 608.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 608.47 Td (\(13,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 608.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 593.42 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 593.42 Td (5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 593.47 Td (\(281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 593.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 593.42 Td (27,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 593.42 Td (118,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 593.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 593.42 Td (66,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 578.42 Td (Income \(loss\) per share from continuing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 568.42 Td (operations attributable to SSI \(diluted\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 568.42 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 568.47 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 568.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 568.42 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 568.42 Td (4.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 568.42 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 553.42 Td (Net income \(loss\) per share attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 543.42 Td (SSI \(diluted\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 543.42 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 543.47 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 543.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 543.42 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 543.42 Td (4.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 543.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 543.42 Td (2.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 528.42 Td (Dividends declared per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 528.42 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 528.42 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 528.42 Td (0.410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 528.42 Td (0.068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 528.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 528.42 Td (0.068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.42 Td (OTHER DATA:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 498.42 Td (Shipments \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 172.67 502.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.24 498.42 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 483.42 Td (Recycled ferrous metal \(tons\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 483.42 Td (4,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 483.42 Td (4,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 483.42 Td (5,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 483.42 Td (5,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 483.42 Td (4,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 468.42 Td (Recycled nonferrous metal \(pounds\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 468.42 Td (554,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 468.42 Td (520,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 468.42 Td (628,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 468.42 Td (568,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 468.42 Td (478,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 453.42 Td (Finished steel products \(tons\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 453.42 Td (533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 453.42 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 453.42 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 453.42 Td (439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 453.42 Td (444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 438.42 Td (A) Tj ET Q q 0 0 0 rg BT 77.48 438.42 Td (verage net selling price) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.49 442.95 Td (\(3\)\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.65 438.42 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 423.42 Td (Recycled ferrous metal \(per ton\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 423.42 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 423.42 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 423.42 Td (415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 423.42 Td (416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 423.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 423.42 Td (328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 408.42 Td (Recycled nonferrous metal \(per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 398.42 Td (pound\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 398.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 398.42 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 398.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 398.42 Td (0.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 398.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 398.42 Td (0.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 398.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 398.42 Td (1.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 398.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 398.42 Td (0.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 383.42 Td (Finished steel products \(per ton\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 383.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 383.42 Td (677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 383.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 383.42 Td (680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 383.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 383.42 Td (715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 383.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 383.42 Td (697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 383.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 383.42 Td (587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 368.42 Td (Number of auto parts stores) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 182.08 372.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 368.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 368.42 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 368.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 368.42 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 368.42 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 353.42 Td (Cars purchased by APB \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 353.42 Td (380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 353.42 Td (356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 353.42 Td (339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 353.42 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 353.42 Td (329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.20 324.43 Td (August 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.32 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 310.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 310.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 310.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 310.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 310.43 Td (2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 295.42 Td (BALANCE SHEET DATA \(in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.42 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 280.42 Td (1,355,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 280.42 Td (1,405,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 280.42 Td (1,763,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 280.42 Td (1,890,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 280.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 280.42 Td (1,343,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 265.42 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 265.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 265.42 Td (318,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 265.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 265.42 Td (372,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 265.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 265.42 Td (334,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 265.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 265.42 Td (403,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 265.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 265.42 Td (99,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.42 Td (Redeemable noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 250.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 250.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 250.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 250.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 250.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 250.42 Td (22,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 250.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 250.42 Td (19,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 250.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 250.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 236.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 221.05 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 221.05 Td (The ) Tj ET Q q 0 0 0 rg BT 82.60 221.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 114.97 221.05 Td (loss ) Tj ET Q q 0 0 0 rg BT 129.58 221.05 Td (in ) Tj ET Q q 0 0 0 rg BT 137.96 221.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 157.45 221.05 Td (2013 ) Tj ET Q q 0 0 0 rg BT 175.61 221.05 Td (includes ) Tj ET Q q 0 0 0 rg BT 204.43 221.05 Td (a ) Tj ET Q q 0 0 0 rg BT 210.14 221.05 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 240.74 221.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 279.78 221.05 Td (char) Tj ET Q q 0 0 0 rg BT 293.40 221.05 Td (ge ) Tj ET Q q 0 0 0 rg BT 303.11 221.05 Td (of ) Tj ET Q q 0 0 0 rg BT 311.94 221.05 Td ($321 ) Tj ET Q q 0 0 0 rg BT 330.10 221.05 Td (million, ) Tj ET Q q 0 0 0 rg BT 357.37 221.05 Td (other ) Tj ET Q q 0 0 0 rg BT 375.97 221.05 Td (asset ) Tj ET Q q 0 0 0 rg BT 393.68 221.05 Td (impairment ) Tj ET Q q 0 0 0 rg BT 432.72 221.05 Td (char) Tj ET Q q 0 0 0 rg BT 446.34 221.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 459.16 221.05 Td (of ) Tj ET Q q 0 0 0 rg BT 467.99 221.05 Td ($13 ) Tj ET Q q 0 0 0 rg BT 482.15 221.05 Td (million ) Tj ET Q q 0 0 0 rg BT 507.42 221.05 Td (and ) Tj ET Q q 0 0 0 rg BT 521.13 221.05 Td (restructuring ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 211.45 Td (char) Tj ET Q q 0 0 0 rg BT 81.62 211.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 93.93 211.45 Td (of ) Tj ET Q q 0 0 0 rg BT 102.24 211.45 Td ($8 ) Tj ET Q q 0 0 0 rg BT 111.88 211.45 Td (million. ) Tj ET Q q 0 0 0 rg BT 138.64 211.45 Td (Operating ) Tj ET Q q 0 0 0 rg BT 172.27 211.45 Td (income ) Tj ET Q q 0 0 0 rg BT 197.46 211.45 Td (in ) Tj ET Q q 0 0 0 rg BT 205.33 211.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 224.29 211.45 Td (2014 ) Tj ET Q q 0 0 0 rg BT 241.94 211.45 Td (includes ) Tj ET Q q 0 0 0 rg BT 270.24 211.45 Td (other ) Tj ET Q q 0 0 0 rg BT 288.32 211.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 305.52 211.45 Td (impairment ) Tj ET Q q 0 0 0 rg BT 344.04 211.45 Td (char) Tj ET Q q 0 0 0 rg BT 357.66 211.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 369.97 211.45 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.27 211.45 Td ($1 ) Tj ET Q q 0 0 0 rg BT 387.92 211.45 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.03 211.45 Td ( ) Tj ET Q q 0 0 0 rg BT 412.67 211.45 Td (and ) Tj ET Q q 0 0 0 rg BT 425.87 211.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 468.39 211.45 Td (char) Tj ET Q q 0 0 0 rg BT 482.01 211.45 Td (ges ) Tj ET Q q 0 0 0 rg BT 494.32 211.45 Td (and ) Tj ET Q q 0 0 0 rg BT 507.51 211.45 Td (other ) Tj ET Q q 0 0 0 rg BT 525.59 211.45 Td (exit-related ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 201.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 86.00 201.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 94.66 201.85 Td ($7 ) Tj ET Q q 0 0 0 rg BT 104.66 201.85 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.78 201.85 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 186.25 Td (In ) Tj ET Q q 0 0 0 rg BT 76.76 186.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 96.19 186.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 116.28 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.16 186.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.36 186.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 176.80 186.25 Td (its ) Tj ET Q q 0 0 0 rg BT 186.46 186.25 Td (full-service ) Tj ET Q q 0 0 0 rg BT 224.98 186.25 Td (used ) Tj ET Q q 0 0 0 rg BT 241.74 186.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 257.62 186.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 275.26 186.25 Td (operation, ) Tj ET Q q 0 0 0 rg BT 309.57 186.25 Td (which ) Tj ET Q q 0 0 0 rg BT 331.22 186.25 Td (had ) Tj ET Q q 0 0 0 rg BT 344.87 186.25 Td (been ) Tj ET Q q 0 0 0 rg BT 362.07 186.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 391.71 186.25 Td (as ) Tj ET Q q 0 0 0 rg BT 400.47 186.25 Td (part ) Tj ET Q q 0 0 0 rg BT 415.01 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.77 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.18 186.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 453.28 186.25 Td (Parts ) Tj ET Q q 0 0 0 rg BT 471.38 186.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 501.93 186.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 533.35 186.25 Td (segment. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 176.65 Td (The ) Tj ET Q q 0 0 0 rg BT 82.08 176.65 Td (Company ) Tj ET Q q 0 0 0 rg BT 114.84 176.65 Td (concluded ) Tj ET Q q 0 0 0 rg BT 149.36 176.65 Td (that ) Tj ET Q q 0 0 0 rg BT 163.00 176.65 Td (the ) Tj ET Q q 0 0 0 rg BT 174.42 176.65 Td (divestiture ) Tj ET Q q 0 0 0 rg BT 209.84 176.65 Td (met ) Tj ET Q q 0 0 0 rg BT 223.48 176.65 Td (the ) Tj ET Q q 0 0 0 rg BT 234.90 176.65 Td (definition ) Tj ET Q q 0 0 0 rg BT 267.65 176.65 Td (of ) Tj ET Q q 0 0 0 rg BT 275.96 176.65 Td (a ) Tj ET Q q 0 0 0 rg BT 281.16 176.65 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 323.69 176.65 Td (operation. ) Tj ET Q q 0 0 0 rg BT 357.19 176.65 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 396.65 176.65 Td (, ) Tj ET Q q 0 0 0 rg BT 400.30 176.65 Td (the ) Tj ET Q q 0 0 0 rg BT 411.72 176.65 Td (results ) Tj ET Q q 0 0 0 rg BT 434.25 176.65 Td (of ) Tj ET Q q 0 0 0 rg BT 442.56 176.65 Td (this ) Tj ET Q q 0 0 0 rg BT 455.77 176.65 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 498.30 176.65 Td (operation ) Tj ET Q q 0 0 0 rg BT 530.16 176.65 Td (have ) Tj ET Q q 0 0 0 rg BT 546.90 176.65 Td (been ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 167.05 Td (removed ) Tj ET Q q 0 0 0 rg BT 97.86 167.05 Td (from ) Tj ET Q q 0 0 0 rg BT 115.28 167.05 Td (other ) Tj ET Q q 0 0 0 rg BT 133.59 167.05 Td (data ) Tj ET Q q 0 0 0 rg BT 148.78 167.05 Td (for ) Tj ET Q q 0 0 0 rg BT 159.98 167.05 Td (all ) Tj ET Q q 0 0 0 rg BT 169.85 167.05 Td (periods ) Tj ET Q q 0 0 0 rg BT 195.27 167.05 Td (presented. ) Tj ET Q q 0 0 0 rg BT 229.79 167.05 Td (In ) Tj ET Q q 0 0 0 rg BT 238.32 167.05 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 257.52 167.05 Td (2014, ) Tj ET Q q 0 0 0 rg BT 277.39 167.05 Td (the ) Tj ET Q q 0 0 0 rg BT 289.03 167.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 322.01 167.05 Td (released ) Tj ET Q q 0 0 0 rg BT 350.08 167.05 Td (an ) Tj ET Q q 0 0 0 rg BT 359.50 167.05 Td (environmental ) Tj ET Q q 0 0 0 rg BT 407.58 167.05 Td (liability ) Tj ET Q q 0 0 0 rg BT 434.34 167.05 Td (associated ) Tj ET Q q 0 0 0 rg BT 469.08 167.05 Td (with ) Tj ET Q q 0 0 0 rg BT 485.18 167.05 Td (the ) Tj ET Q q 0 0 0 rg BT 496.82 167.05 Td (disposed ) Tj ET Q q 0 0 0 rg BT 526.69 167.05 Td (operations. ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 154.45 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 154.45 Td (T) Tj ET Q q 0 0 0 rg BT 72.33 154.45 Td (ons ) Tj ET Q q 0 0 0 rg BT 85.44 154.45 Td (for ) Tj ET Q q 0 0 0 rg BT 96.77 154.45 Td (recycled ) Tj ET Q q 0 0 0 rg BT 125.86 154.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 150.52 154.45 Td (metal ) Tj ET Q q 0 0 0 rg BT 170.29 154.45 Td (are ) Tj ET Q q 0 0 0 rg BT 182.05 154.45 Td (long ) Tj ET Q q 0 0 0 rg BT 198.27 154.45 Td (tons ) Tj ET Q q 0 0 0 rg BT 213.61 154.45 Td (\(2,240 ) Tj ET Q q 0 0 0 rg BT 236.27 154.45 Td (pounds\) ) Tj ET Q q 0 0 0 rg BT 264.05 154.45 Td (and ) Tj ET Q q 0 0 0 rg BT 277.60 154.45 Td (for ) Tj ET Q q 0 0 0 rg BT 288.93 154.45 Td (finished ) Tj ET Q q 0 0 0 rg BT 316.70 154.45 Td (steel ) Tj ET Q q 0 0 0 rg BT 333.36 154.45 Td (products ) Tj ET Q q 0 0 0 rg BT 362.91 154.45 Td (are ) Tj ET Q q 0 0 0 rg BT 374.68 154.45 Td (short ) Tj ET Q q 0 0 0 rg BT 392.68 154.45 Td (tons ) Tj ET Q q 0 0 0 rg BT 408.02 154.45 Td (\(2,000 ) Tj ET Q q 0 0 0 rg BT 430.68 154.45 Td (pounds\).) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 141.85 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 141.85 Td (In ) Tj ET Q q 0 0 0 rg BT 76.64 141.85 Td (accordance ) Tj ET Q q 0 0 0 rg BT 114.59 141.85 Td (with ) Tj ET Q q 0 0 0 rg BT 130.79 141.85 Td (generally ) Tj ET Q q 0 0 0 rg BT 162.54 141.85 Td (accepted ) Tj ET Q q 0 0 0 rg BT 192.49 141.85 Td (accounting ) Tj ET Q q 0 0 0 rg BT 229.57 141.85 Td (principles, ) Tj ET Q q 0 0 0 rg BT 265.09 141.85 Td (the ) Tj ET Q q 0 0 0 rg BT 276.85 141.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.94 141.85 Td (reports ) Tj ET Q q 0 0 0 rg BT 334.13 141.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 364.54 141.85 Td (that ) Tj ET Q q 0 0 0 rg BT 378.52 141.85 Td (include ) Tj ET Q q 0 0 0 rg BT 404.04 141.85 Td (amounts ) Tj ET Q q 0 0 0 rg BT 433.13 141.85 Td (billed ) Tj ET Q q 0 0 0 rg BT 453.33 141.85 Td (for ) Tj ET Q q 0 0 0 rg BT 464.64 141.85 Td (freight ) Tj ET Q q 0 0 0 rg BT 487.94 141.85 Td (to ) Tj ET Q q 0 0 0 rg BT 496.14 141.85 Td (customers; ) Tj ET Q q 0 0 0 rg BT 532.78 141.85 Td (however) Tj ET Q q 0 0 0 rg BT 560.00 141.85 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 132.25 Td (average ) Tj ET Q q 0 0 0 rg BT 94.87 132.25 Td (net ) Tj ET Q q 0 0 0 rg BT 106.64 132.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 129.97 132.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 151.07 132.25 Td (are ) Tj ET Q q 0 0 0 rg BT 162.84 132.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 185.73 132.25 Td (net ) Tj ET Q q 0 0 0 rg BT 197.50 132.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.17 132.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 235.28 132.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 255.50 132.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.82 132.25 Td (freight.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (24) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM7. MANAGEMENTS DISCUSSION ) Tj ET Q q 0 0 0 rg BT 239.19 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 262.81 742.25 Td (ANAL) Tj ET Q q 0 0 0 rg BT 290.22 742.25 Td (YSIS OF) Tj ET Q q 0 0 0 rg BT 328.48 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 387.09 742.25 Td ( CONDITION ) Tj ET Q q 0 0 0 rg BT 450.44 742.25 Td (AND RESUL) Tj ET Q q 0 0 0 rg BT 507.03 742.25 Td (TS OF) Tj ET Q q 0 0 0 rg BT 535.28 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 84.26 730.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (This ) Tj ET Q q 0 0 0 rg BT 69.55 713.25 Td (section ) Tj ET Q q 0 0 0 rg BT 99.65 713.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 134.74 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 140.95 713.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 184.39 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.50 713.25 Td (our ) Tj ET Q q 0 0 0 rg BT 209.60 713.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 253.02 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.46 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.44 713.25 Td (three ) Tj ET Q q 0 0 0 rg BT 302.20 713.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 325.63 713.25 Td (years ) Tj ET Q q 0 0 0 rg BT 348.50 713.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.76 713.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 419.42 713.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.42 713.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.69 713.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.69 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.46 713.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.67 713.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.67 713.25 Td (. ) Tj ET Q q 0 0 0 rg BT 505.81 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 713.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 94.20 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.17 701.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 145.91 701.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 182.88 701.25 Td (information ) Tj ET Q q 0 0 0 rg BT 232.62 701.25 Td (which ) Tj ET Q q 0 0 0 rg BT 259.58 701.25 Td (management ) Tj ET Q q 0 0 0 rg BT 313.20 701.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 348.49 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 357.69 701.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 392.42 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.73 701.25 Td (an ) Tj ET Q q 0 0 0 rg BT 414.70 701.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 461.66 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.63 701.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 537.81 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 701.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (results ) Tj ET Q q 0 0 0 rg BT 79.92 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.06 689.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 137.53 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.78 689.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.57 689.25 Td (condition. ) Tj ET Q q 0 0 0 rg BT 238.38 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 257.74 689.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 303.22 689.25 Td (should ) Tj ET Q q 0 0 0 rg BT 333.70 689.25 Td (be ) Tj ET Q q 0 0 0 rg BT 346.95 689.25 Td (read ) Tj ET Q q 0 0 0 rg BT 367.97 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 379.56 689.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 430.58 689.25 Td (with ) Tj ET Q q 0 0 0 rg BT 452.17 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.20 689.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 524.79 689.25 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.95 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.46 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.75 677.25 Td (related ) Tj ET Q q 0 0 0 rg BT 156.02 677.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 179.19 677.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 209.03 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 218.88 677.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 237.05 677.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 248.28 677.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 276.18 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.58 677.25 Td (this ) Tj ET Q q 0 0 0 rg BT 303.09 677.25 Td (report ) Tj ET Q q 0 0 0 rg BT 329.04 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.55 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.83 677.25 Td (Selected ) Tj ET Q q 0 0 0 rg BT 395.78 677.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 435.06 677.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 456.00 677.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 496.94 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.79 677.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 524.97 677.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 536.20 677.25 Td (Item6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 665.25 Td (this ) Tj ET Q q 0 0 0 rg BT 77.78 665.25 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 643.65 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 625.65 Td (e ) Tj ET Q q 0 0 0 rg BT 65.84 625.65 Td (are ) Tj ET Q q 0 0 0 rg BT 80.81 625.65 Td (one ) Tj ET Q q 0 0 0 rg BT 98.01 625.65 Td (of ) Tj ET Q q 0 0 0 rg BT 109.10 625.65 Td (North ) Tj ET Q q 0 0 0 rg BT 134.58 625.65 Td (America) Tj ET Q q 0 0 0 rg BT 171.78 625.65 Td (s ) Tj ET Q q 0 0 0 rg BT 178.43 625.65 Td (lar) Tj ET Q q 0 0 0 rg BT 188.80 625.65 Td (gest ) Tj ET Q q 0 0 0 rg BT 207.67 625.65 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 246.51 625.65 Td (of ) Tj ET Q q 0 0 0 rg BT 257.61 625.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 288.69 625.65 Td (and ) Tj ET Q q 0 0 0 rg BT 305.89 625.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 351.97 625.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 375.83 625.65 Td (metal, ) Tj ET Q q 0 0 0 rg BT 403.30 625.65 Td (a ) Tj ET Q q 0 0 0 rg BT 410.50 625.65 Td (leading ) Tj ET Q q 0 0 0 rg BT 442.70 625.65 Td (recycler ) Tj ET Q q 0 0 0 rg BT 477.65 625.65 Td (of ) Tj ET Q q 0 0 0 rg BT 488.74 625.65 Td (used ) Tj ET Q q 0 0 0 rg BT 509.83 625.65 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 625.65 Td (salvaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.65 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 85.26 613.65 Td (and ) Tj ET Q q 0 0 0 rg BT 102.20 613.65 Td (a ) Tj ET Q q 0 0 0 rg BT 109.14 613.65 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 164.94 613.65 Td (of ) Tj ET Q q 0 0 0 rg BT 175.77 613.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 210.49 613.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 231.31 613.65 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 592.65 Td (e ) Tj ET Q q 0 0 0 rg BT 65.32 592.65 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.99 592.65 Td (in ) Tj ET Q q 0 0 0 rg BT 107.01 592.65 Td (three ) Tj ET Q q 0 0 0 rg BT 129.23 592.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 168.13 592.65 Td (segments: ) Tj ET Q q 0 0 0 rg BT 210.37 592.65 Td (the ) Tj ET Q q 0 0 0 rg BT 224.83 592.65 Td (Metals ) Tj ET Q q 0 0 0 rg BT 254.29 592.65 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 297.07 592.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 334.88 592.65 Td (\(MRB\), ) Tj ET Q q 0 0 0 rg BT 377.39 592.65 Td (the ) Tj ET Q q 0 0 0 rg BT 391.35 592.65 Td (Auto ) Tj ET Q q 0 0 0 rg BT 413.60 592.65 Td (Parts ) Tj ET Q q 0 0 0 rg BT 435.84 592.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 473.64 592.65 Td (\(APB\) ) Tj ET Q q 0 0 0 rg BT 510.88 592.65 Td (and ) Tj ET Q q 0 0 0 rg BT 527.56 592.65 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 592.65 Td (Steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.65 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 111.90 580.65 Td (Business ) Tj ET Q q 0 0 0 rg BT 149.94 580.65 Td (\(SMB\), ) Tj ET Q q 0 0 0 rg BT 191.58 580.65 Td (which ) Tj ET Q q 0 0 0 rg BT 218.50 580.65 Td (collectively ) Tj ET Q q 0 0 0 rg BT 267.62 580.65 Td (provide ) Tj ET Q q 0 0 0 rg BT 300.64 580.65 Td (an ) Tj ET Q q 0 0 0 rg BT 312.56 580.65 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 357.79 580.65 Td (cycle ) Tj ET Q q 0 0 0 rg BT 381.36 580.65 Td (solution ) Tj ET Q q 0 0 0 rg BT 416.07 580.65 Td (for ) Tj ET Q q 0 0 0 rg BT 430.21 580.65 Td (a ) Tj ET Q q 0 0 0 rg BT 437.12 580.65 Td (variety ) Tj ET Q q 0 0 0 rg BT 467.37 580.65 Td (of ) Tj ET Q q 0 0 0 rg BT 478.17 580.65 Td (products ) Tj ET Q q 0 0 0 rg BT 515.09 580.65 Td (through ) Tj ET Q q 0 0 0 rg BT 548.68 580.65 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.65 Td (integrated ) Tj ET Q q 0 0 0 rg BT 92.03 568.65 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 138.65 568.65 Td (W) Tj ET Q q 0 0 0 rg BT 147.29 568.65 Td (e ) Tj ET Q q 0 0 0 rg BT 153.77 568.65 Td (use ) Tj ET Q q 0 0 0 rg BT 169.15 568.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 208.96 568.65 Td (income ) Tj ET Q q 0 0 0 rg BT 240.44 568.65 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 264.71 568.65 Td (to ) Tj ET Q q 0 0 0 rg BT 274.54 568.65 Td (measure ) Tj ET Q q 0 0 0 rg BT 309.90 568.65 Td (our ) Tj ET Q q 0 0 0 rg BT 325.28 568.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 360.65 568.65 Td (performance. ) Tj ET Q q 0 0 0 rg BT 415.72 568.65 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 472.20 568.65 Td (char) Tj ET Q q 0 0 0 rg BT 489.23 568.65 Td (ges ) Tj ET Q q 0 0 0 rg BT 504.60 568.65 Td (and ) Tj ET Q q 0 0 0 rg BT 521.09 568.65 Td (other ) Tj ET Q q 0 0 0 rg BT 543.68 568.65 Td (exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.65 Td (related ) Tj ET Q q 0 0 0 rg BT 78.67 556.65 Td (costs ) Tj ET Q q 0 0 0 rg BT 100.14 556.65 Td (are ) Tj ET Q q 0 0 0 rg BT 113.82 556.65 Td (not ) Tj ET Q q 0 0 0 rg BT 128.07 556.65 Td (allocated ) Tj ET Q q 0 0 0 rg BT 165.63 556.65 Td (to ) Tj ET Q q 0 0 0 rg BT 174.87 556.65 Td (the ) Tj ET Q q 0 0 0 rg BT 188.56 556.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 223.35 556.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 262.59 556.65 Td (income ) Tj ET Q q 0 0 0 rg BT 293.49 556.65 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 317.18 556.65 Td (because ) Tj ET Q q 0 0 0 rg BT 350.30 556.65 Td (we ) Tj ET Q q 0 0 0 rg BT 363.43 556.65 Td (do ) Tj ET Q q 0 0 0 rg BT 374.90 556.65 Td (not ) Tj ET Q q 0 0 0 rg BT 389.15 556.65 Td (include ) Tj ET Q q 0 0 0 rg BT 420.05 556.65 Td (this ) Tj ET Q q 0 0 0 rg BT 435.97 556.65 Td (information ) Tj ET Q q 0 0 0 rg BT 484.65 556.65 Td (in ) Tj ET Q q 0 0 0 rg BT 493.90 556.65 Td (our ) Tj ET Q q 0 0 0 rg BT 508.70 556.65 Td (measurement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.65 Td (of ) Tj ET Q q 0 0 0 rg BT 60.94 544.65 Td (the ) Tj ET Q q 0 0 0 rg BT 75.77 544.65 Td (segments) Tj ET Q q 0 0 0 rg BT 115.57 544.65 Td ( ) Tj ET Q q 0 0 0 rg BT 118.18 544.65 Td (performance. ) Tj ET Q q 0 0 0 rg BT 173.81 544.65 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 216.41 544.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 251.23 544.65 Td (consists ) Tj ET Q q 0 0 0 rg BT 285.51 544.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 325.33 544.65 Td (of ) Tj ET Q q 0 0 0 rg BT 336.27 544.65 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 384.97 544.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 419.78 544.65 Td (for ) Tj ET Q q 0 0 0 rg BT 434.05 544.65 Td (management ) Tj ET Q q 0 0 0 rg BT 487.75 544.65 Td (and ) Tj ET Q q 0 0 0 rg BT 504.80 544.65 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.65 Td (services ) Tj ET Q q 0 0 0 rg BT 85.46 532.65 Td (that ) Tj ET Q q 0 0 0 rg BT 103.71 532.65 Td (benefit ) Tj ET Q q 0 0 0 rg BT 134.72 532.65 Td (all ) Tj ET Q q 0 0 0 rg BT 147.97 532.65 Td (three ) Tj ET Q q 0 0 0 rg BT 171.21 532.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 211.11 532.65 Td (segments. ) Tj ET Q q 0 0 0 rg BT 253.36 532.65 Td (As ) Tj ET Q q 0 0 0 rg BT 267.73 532.65 Td (a ) Tj ET Q q 0 0 0 rg BT 275.42 532.65 Td (result ) Tj ET Q q 0 0 0 rg BT 300.89 532.65 Td (of ) Tj ET Q q 0 0 0 rg BT 312.47 532.65 Td (this ) Tj ET Q q 0 0 0 rg BT 330.17 532.65 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 379.51 532.65 Td (expense, ) Tj ET Q q 0 0 0 rg BT 417.47 532.65 Td (the ) Tj ET Q q 0 0 0 rg BT 432.94 532.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 473.96 532.65 Td (income ) Tj ET Q q 0 0 0 rg BT 506.64 532.65 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 532.11 532.65 Td (of ) Tj ET Q q 0 0 0 rg BT 543.70 532.65 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.07 520.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 124.82 520.65 Td (does ) Tj ET Q q 0 0 0 rg BT 145.57 520.65 Td (not ) Tj ET Q q 0 0 0 rg BT 160.76 520.65 Td (reflect ) Tj ET Q q 0 0 0 rg BT 188.71 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 203.35 520.65 Td (operating ) Tj ET Q q 0 0 0 rg BT 243.53 520.65 Td (income ) Tj ET Q q 0 0 0 rg BT 275.38 520.65 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 300.02 520.65 Td (the ) Tj ET Q q 0 0 0 rg BT 314.66 520.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 353.73 520.65 Td (segment ) Tj ET Q q 0 0 0 rg BT 389.48 520.65 Td (would ) Tj ET Q q 0 0 0 rg BT 416.89 520.65 Td (report ) Tj ET Q q 0 0 0 rg BT 443.19 520.65 Td (as ) Tj ET Q q 0 0 0 rg BT 453.94 520.65 Td (a ) Tj ET Q q 0 0 0 rg BT 460.79 520.65 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 509.31 520.65 Td (business. ) Tj ET Q q 0 0 0 rg BT 548.12 520.65 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.65 Td (further ) Tj ET Q q 0 0 0 rg BT 80.72 508.65 Td (information ) Tj ET Q q 0 0 0 rg BT 131.45 508.65 Td (regarding ) Tj ET Q q 0 0 0 rg BT 173.28 508.65 Td (our ) Tj ET Q q 0 0 0 rg BT 190.12 508.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 230.29 508.65 Td (segments, ) Tj ET Q q 0 0 0 rg BT 273.52 508.65 Td (including ) Tj ET Q q 0 0 0 rg BT 314.81 508.65 Td (financial) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 349.79 508.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.31 508.65 Td (information ) Tj ET Q q 0 0 0 rg BT 404.03 508.65 Td (about ) Tj ET Q q 0 0 0 rg BT 429.77 508.65 Td (geographic ) Tj ET Q q 0 0 0 rg BT 477.70 508.65 Td (areas, ) Tj ET Q q 0 0 0 rg BT 504.26 508.65 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.54 508.65 Td (Note ) Tj ET Q q 0 0 0 rg BT 543.49 508.65 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.49 508.65 Td ( ) Tj ET Q q 0 0 0 rg BT 557.01 508.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.65 Td (Segment ) Tj ET Q q 0 0 0 rg BT 87.50 496.65 Td (Information ) Tj ET Q q 0 0 0 rg BT 137.76 496.65 Td (in ) Tj ET Q q 0 0 0 rg BT 148.04 496.65 Td (the ) Tj ET Q q 0 0 0 rg BT 162.75 496.65 Td (Notes ) Tj ET Q q 0 0 0 rg BT 188.58 496.65 Td (to ) Tj ET Q q 0 0 0 rg BT 198.86 496.65 Td (the ) Tj ET Q q 0 0 0 rg BT 213.58 496.65 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 268.85 496.65 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.56 496.65 Td (Statements ) Tj ET Q q 0 0 0 rg BT 354.95 496.65 Td (in ) Tj ET Q q 0 0 0 rg BT 365.22 496.65 Td (Part ) Tj ET Q q 0 0 0 rg BT 383.83 496.65 Td (II, ) Tj ET Q q 0 0 0 rg BT 395.49 496.65 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 423.82 496.65 Td (of ) Tj ET Q q 0 0 0 rg BT 434.65 496.65 Td (this ) Tj ET Q q 0 0 0 rg BT 451.60 496.65 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.65 Td (MRB ) Tj ET Q q 0 0 0 rg BT 75.46 475.65 Td (buys, ) Tj ET Q q 0 0 0 rg BT 100.09 475.65 Td (collects, ) Tj ET Q q 0 0 0 rg BT 136.36 475.65 Td (processes, ) Tj ET Q q 0 0 0 rg BT 180.41 475.65 Td (recycles, ) Tj ET Q q 0 0 0 rg BT 218.90 475.65 Td (sells ) Tj ET Q q 0 0 0 rg BT 239.91 475.65 Td (and ) Tj ET Q q 0 0 0 rg BT 257.58 475.65 Td (brokers ) Tj ET Q q 0 0 0 rg BT 290.80 475.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 322.35 475.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 346.68 475.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 372.12 475.65 Td (\(containing ) Tj ET Q q 0 0 0 rg BT 420.90 475.65 Td (iron\) ) Tj ET Q q 0 0 0 rg BT 443.57 475.65 Td (to ) Tj ET Q q 0 0 0 rg BT 454.58 475.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 486.68 475.65 Td (and ) Tj ET Q q 0 0 0 rg BT 504.35 475.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 543.69 475.65 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.65 Td (producers, ) Tj ET Q q 0 0 0 rg BT 93.70 463.65 Td (including ) Tj ET Q q 0 0 0 rg BT 133.25 463.65 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 158.65 463.65 Td (and ) Tj ET Q q 0 0 0 rg BT 174.86 463.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 219.96 463.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 242.83 463.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 266.82 463.65 Td (\(not ) Tj ET Q q 0 0 0 rg BT 284.70 463.65 Td (containing ) Tj ET Q q 0 0 0 rg BT 328.69 463.65 Td (iron\) ) Tj ET Q q 0 0 0 rg BT 349.90 463.65 Td (to ) Tj ET Q q 0 0 0 rg BT 359.46 463.65 Td (both ) Tj ET Q q 0 0 0 rg BT 379.01 463.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 409.66 463.65 Td (and ) Tj ET Q q 0 0 0 rg BT 425.87 463.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 463.75 463.65 Td (markets. ) Tj ET Q q 0 0 0 rg BT 499.68 463.65 Td (MRB ) Tj ET Q q 0 0 0 rg BT 523.69 463.65 Td (processes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.65 Td (mixed ) Tj ET Q q 0 0 0 rg BT 77.05 451.65 Td (and ) Tj ET Q q 0 0 0 rg BT 93.54 451.65 Td (lar) Tj ET Q q 0 0 0 rg BT 103.90 451.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 115.40 451.65 Td (pieces ) Tj ET Q q 0 0 0 rg BT 142.43 451.65 Td (of ) Tj ET Q q 0 0 0 rg BT 152.81 451.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 175.97 451.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 200.23 451.65 Td (into ) Tj ET Q q 0 0 0 rg BT 217.84 451.65 Td (smaller ) Tj ET Q q 0 0 0 rg BT 249.32 451.65 Td (pieces ) Tj ET Q q 0 0 0 rg BT 276.36 451.65 Td (by ) Tj ET Q q 0 0 0 rg BT 288.41 451.65 Td (crushing, ) Tj ET Q q 0 0 0 rg BT 327.41 451.65 Td (sorting, ) Tj ET Q q 0 0 0 rg BT 359.74 451.65 Td (shearing, ) Tj ET Q q 0 0 0 rg BT 398.17 451.65 Td (shredding ) Tj ET Q q 0 0 0 rg BT 439.66 451.65 Td (and ) Tj ET Q q 0 0 0 rg BT 456.15 451.65 Td (torching, ) Tj ET Q q 0 0 0 rg BT 494.02 451.65 Td (resulting ) Tj ET Q q 0 0 0 rg BT 531.07 451.65 Td (in ) Tj ET Q q 0 0 0 rg BT 540.90 451.65 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.71 439.65 Td (pieces ) Tj ET Q q 0 0 0 rg BT 102.20 439.65 Td (of ) Tj ET Q q 0 0 0 rg BT 113.03 439.65 Td (a ) Tj ET Q q 0 0 0 rg BT 119.97 439.65 Td (size, ) Tj ET Q q 0 0 0 rg BT 140.51 439.65 Td (density ) Tj ET Q q 0 0 0 rg BT 171.90 439.65 Td (and ) Tj ET Q q 0 0 0 rg BT 188.84 439.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 213.55 439.65 Td (content ) Tj ET Q q 0 0 0 rg BT 245.48 439.65 Td (required ) Tj ET Q q 0 0 0 rg BT 281.30 439.65 Td (by ) Tj ET Q q 0 0 0 rg BT 293.80 439.65 Td (customers ) Tj ET Q q 0 0 0 rg BT 336.85 439.65 Td (to ) Tj ET Q q 0 0 0 rg BT 347.12 439.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 369.06 439.65 Td (their ) Tj ET Q q 0 0 0 rg BT 389.88 439.65 Td (production ) Tj ET Q q 0 0 0 rg BT 435.71 439.65 Td (needs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.65 Td (APB ) Tj ET Q q 0 0 0 rg BT 72.17 418.65 Td (procures ) Tj ET Q q 0 0 0 rg BT 109.31 418.65 Td (used ) Tj ET Q q 0 0 0 rg BT 130.35 418.65 Td (and ) Tj ET Q q 0 0 0 rg BT 147.50 418.65 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 185.20 418.65 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 220.67 418.65 Td (and ) Tj ET Q q 0 0 0 rg BT 237.82 418.65 Td (sells ) Tj ET Q q 0 0 0 rg BT 258.32 418.65 Td (serviceable ) Tj ET Q q 0 0 0 rg BT 306.00 418.65 Td (used ) Tj ET Q q 0 0 0 rg BT 327.04 418.65 Td (auto ) Tj ET Q q 0 0 0 rg BT 346.97 418.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 369.12 418.65 Td (from ) Tj ET Q q 0 0 0 rg BT 391.27 418.65 Td (these ) Tj ET Q q 0 0 0 rg BT 414.53 418.65 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 450.01 418.65 Td (through ) Tj ET Q q 0 0 0 rg BT 483.83 418.65 Td (its ) Tj ET Q q 0 0 0 rg BT 495.99 418.65 Td (self-service ) Tj ET Q q 0 0 0 rg BT 544.79 418.65 Td (auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 72.96 406.65 Td (stores. ) Tj ET Q q 0 0 0 rg BT 102.05 406.65 Td (The ) Tj ET Q q 0 0 0 rg BT 121.12 406.65 Td (remaining ) Tj ET Q q 0 0 0 rg BT 165.18 406.65 Td (portions ) Tj ET Q q 0 0 0 rg BT 201.47 406.65 Td (of ) Tj ET Q q 0 0 0 rg BT 213.32 406.65 Td (the ) Tj ET Q q 0 0 0 rg BT 229.05 406.65 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 267.84 406.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 308.57 406.65 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 355.41 406.65 Td (and ) Tj ET Q q 0 0 0 rg BT 373.37 406.65 Td (major ) Tj ET Q q 0 0 0 rg BT 400.21 406.65 Td (parts ) Tj ET Q q 0 0 0 rg BT 423.17 406.65 Td (containing ) Tj ET Q q 0 0 0 rg BT 468.90 406.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 500.73 406.65 Td (and ) Tj ET Q q 0 0 0 rg BT 518.69 406.65 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.65 Td (materials, ) Tj ET Q q 0 0 0 rg BT 91.65 394.65 Td (are ) Tj ET Q q 0 0 0 rg BT 106.36 394.65 Td (sold ) Tj ET Q q 0 0 0 rg BT 125.53 394.65 Td (to ) Tj ET Q q 0 0 0 rg BT 135.81 394.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 160.52 394.65 Td (recyclers, ) Tj ET Q q 0 0 0 rg BT 201.60 394.65 Td (including ) Tj ET Q q 0 0 0 rg BT 241.88 394.65 Td (MRB ) Tj ET Q q 0 0 0 rg BT 266.61 394.65 Td (where ) Tj ET Q q 0 0 0 rg BT 293.54 394.65 Td (geographically ) Tj ET Q q 0 0 0 rg BT 355.45 394.65 Td (feasible.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.09 373.65 Td (operates ) Tj ET Q q 0 0 0 rg BT 108.38 373.65 Td (a ) Tj ET Q q 0 0 0 rg BT 114.79 373.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 135.08 373.65 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 174.83 373.65 Td (that ) Tj ET Q q 0 0 0 rg BT 191.80 373.65 Td (produces ) Tj ET Q q 0 0 0 rg BT 229.87 373.65 Td (a ) Tj ET Q q 0 0 0 rg BT 236.27 373.65 Td (wide ) Tj ET Q q 0 0 0 rg BT 257.68 373.65 Td (range ) Tj ET Q q 0 0 0 rg BT 281.86 373.65 Td (of ) Tj ET Q q 0 0 0 rg BT 292.16 373.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 326.35 373.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 346.64 373.65 Td (products. ) Tj ET Q q 0 0 0 rg BT 385.55 373.65 Td (SMB) Tj ET Q q 0 0 0 rg BT 409.45 373.65 Td (s ) Tj ET Q q 0 0 0 rg BT 415.31 373.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 438.38 373.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 462.57 373.65 Td (requirements ) Tj ET Q q 0 0 0 rg BT 516.74 373.65 Td (are ) Tj ET Q q 0 0 0 rg BT 530.92 373.65 Td (sourced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.65 Td (through ) Tj ET Q q 0 0 0 rg BT 84.07 361.65 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 111.76 361.65 Td (which ) Tj ET Q q 0 0 0 rg BT 139.15 361.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 163.23 361.65 Td (purchases ) Tj ET Q q 0 0 0 rg BT 205.62 361.65 Td (at ) Tj ET Q q 0 0 0 rg BT 215.79 361.65 Td (rates ) Tj ET Q q 0 0 0 rg BT 237.63 361.65 Td (that ) Tj ET Q q 0 0 0 rg BT 255.58 361.65 Td (approximate ) Tj ET Q q 0 0 0 rg BT 308.52 361.65 Td (export ) Tj ET Q q 0 0 0 rg BT 337.03 361.65 Td (market ) Tj ET Q q 0 0 0 rg BT 367.75 361.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 394.58 361.65 Td (for ) Tj ET Q q 0 0 0 rg BT 409.20 361.65 Td (shipments ) Tj ET Q q 0 0 0 rg BT 452.72 361.65 Td (from ) Tj ET Q q 0 0 0 rg BT 475.11 361.65 Td (the ) Tj ET Q q 0 0 0 rg BT 490.07 361.65 Td (W) Tj ET Q q 0 0 0 rg BT 498.71 361.65 Td (est ) Tj ET Q q 0 0 0 rg BT 512.78 361.65 Td (Coast ) Tj ET Q q 0 0 0 rg BT 538.51 361.65 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 361.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 71.27 349.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 95.88 349.65 Td (uses ) Tj ET Q q 0 0 0 rg BT 116.59 349.65 Td (its ) Tj ET Q q 0 0 0 rg BT 129.53 349.65 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 170.80 349.65 Td (near ) Tj ET Q q 0 0 0 rg BT 191.49 349.65 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 231.37 349.65 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 264.85 349.65 Td (to ) Tj ET Q q 0 0 0 rg BT 276.12 349.65 Td (melt ) Tj ET Q q 0 0 0 rg BT 297.38 349.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 334.73 349.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 360.43 349.65 Td (and ) Tj ET Q q 0 0 0 rg BT 378.36 349.65 Td (other ) Tj ET Q q 0 0 0 rg BT 402.39 349.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 420.87 349.65 Td (materials ) Tj ET Q q 0 0 0 rg BT 461.01 349.65 Td (to ) Tj ET Q q 0 0 0 rg BT 472.28 349.65 Td (produce ) Tj ET Q q 0 0 0 rg BT 507.97 349.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 543.68 349.65 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.65 Td (products. ) Tj ET Q q 0 0 0 rg BT 89.44 337.65 Td (SMB ) Tj ET Q q 0 0 0 rg BT 113.06 337.65 Td (also ) Tj ET Q q 0 0 0 rg BT 131.67 337.65 Td (maintains ) Tj ET Q q 0 0 0 rg BT 173.05 337.65 Td (a ) Tj ET Q q 0 0 0 rg BT 179.99 337.65 Td (mill ) Tj ET Q q 0 0 0 rg BT 198.60 337.65 Td (depot ) Tj ET Q q 0 0 0 rg BT 223.32 337.65 Td (in ) Tj ET Q q 0 0 0 rg BT 233.60 337.65 Td (Southern ) Tj ET Q q 0 0 0 rg BT 272.21 337.65 Td (California.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.18 316.65 Td (results ) Tj ET Q q 0 0 0 rg BT 96.91 316.65 Td (of ) Tj ET Q q 0 0 0 rg BT 107.87 316.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 152.15 316.65 Td (depend ) Tj ET Q q 0 0 0 rg BT 183.65 316.65 Td (in ) Tj ET Q q 0 0 0 rg BT 194.06 316.65 Td (lar) Tj ET Q q 0 0 0 rg BT 204.42 316.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 216.49 316.65 Td (part ) Tj ET Q q 0 0 0 rg BT 234.66 316.65 Td (on ) Tj ET Q q 0 0 0 rg BT 247.29 316.65 Td (the ) Tj ET Q q 0 0 0 rg BT 262.13 316.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 296.41 316.65 Td (and ) Tj ET Q q 0 0 0 rg BT 313.47 316.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 339.98 316.65 Td (for ) Tj ET Q q 0 0 0 rg BT 354.26 316.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 390.75 316.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 415.59 316.65 Td (in ) Tj ET Q q 0 0 0 rg BT 425.99 316.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 457.50 316.65 Td (and ) Tj ET Q q 0 0 0 rg BT 474.56 316.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 513.29 316.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 547.57 316.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.65 Td (on ) Tj ET Q q 0 0 0 rg BT 63.26 304.65 Td (the ) Tj ET Q q 0 0 0 rg BT 78.73 304.65 Td (supply ) Tj ET Q q 0 0 0 rg BT 108.66 304.65 Td (of ) Tj ET Q q 0 0 0 rg BT 120.25 304.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 138.50 304.65 Td (materials, ) Tj ET Q q 0 0 0 rg BT 180.91 304.65 Td (including ) Tj ET Q q 0 0 0 rg BT 221.94 304.65 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 267.95 304.65 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 306.47 304.65 Td (available ) Tj ET Q q 0 0 0 rg BT 345.82 304.65 Td (to ) Tj ET Q q 0 0 0 rg BT 356.86 304.65 Td (be ) Tj ET Q q 0 0 0 rg BT 369.55 304.65 Td (processed ) Tj ET Q q 0 0 0 rg BT 412.24 304.65 Td (at ) Tj ET Q q 0 0 0 rg BT 422.72 304.65 Td (our ) Tj ET Q q 0 0 0 rg BT 439.30 304.65 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 479.49 304.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 498.30 304.65 Td (deep ) Tj ET Q q 0 0 0 rg BT 520.44 304.65 Td (water ) Tj ET Q q 0 0 0 rg BT 545.90 304.65 Td (port ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.53 292.65 Td (on ) Tj ET Q q 0 0 0 rg BT 98.63 292.65 Td (both ) Tj ET Q q 0 0 0 rg BT 118.51 292.65 Td (the ) Tj ET Q q 0 0 0 rg BT 132.82 292.65 Td (East ) Tj ET Q q 0 0 0 rg BT 152.14 292.65 Td (and ) Tj ET Q q 0 0 0 rg BT 168.52 292.65 Td (W) Tj ET Q q 0 0 0 rg BT 177.16 292.65 Td (est ) Tj ET Q q 0 0 0 rg BT 190.37 292.65 Td (Coasts ) Tj ET Q q 0 0 0 rg BT 219.14 292.65 Td (of ) Tj ET Q q 0 0 0 rg BT 229.57 292.65 Td (the ) Tj ET Q q 0 0 0 rg BT 243.89 292.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 263.77 292.65 Td (\(in ) Tj ET Q q 0 0 0 rg BT 276.98 292.65 Td (Everett, ) Tj ET Q q 0 0 0 rg BT 310.45 292.65 Td (Massachusetts; ) Tj ET Q q 0 0 0 rg BT 373.10 292.65 Td (Providence, ) Tj ET Q q 0 0 0 rg BT 422.68 292.65 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 450.89 292.65 Td (Island; ) Tj ET Q q 0 0 0 rg BT 480.20 292.65 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 518.68 292.65 Td (California; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.65 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 88.09 280.65 Td (Oregon; ) Tj ET Q q 0 0 0 rg BT 122.55 280.65 Td (and ) Tj ET Q q 0 0 0 rg BT 138.57 280.65 Td (T) Tj ET Q q 0 0 0 rg BT 143.98 280.65 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 174.15 280.65 Td (W) Tj ET Q q 0 0 0 rg BT 182.79 280.65 Td (ashington\) ) Tj ET Q q 0 0 0 rg BT 226.70 280.65 Td (and ) Tj ET Q q 0 0 0 rg BT 242.84 280.65 Td (access ) Tj ET Q q 0 0 0 rg BT 270.08 280.65 Td (to ) Tj ET Q q 0 0 0 rg BT 279.55 280.65 Td (public ) Tj ET Q q 0 0 0 rg BT 306.25 280.65 Td (deep ) Tj ET Q q 0 0 0 rg BT 326.83 280.65 Td (water ) Tj ET Q q 0 0 0 rg BT 350.73 280.65 Td (port ) Tj ET Q q 0 0 0 rg BT 368.54 280.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 404.67 280.65 Td (\(in ) Tj ET Q q 0 0 0 rg BT 417.47 280.65 Td (Kapolei, ) Tj ET Q q 0 0 0 rg BT 453.33 280.65 Td (Hawaii; ) Tj ET Q q 0 0 0 rg BT 486.68 280.65 Td (and ) Tj ET Q q 0 0 0 rg BT 502.82 280.65 Td (Salinas, ) Tj ET Q q 0 0 0 rg BT 535.91 280.65 Td (Puerto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.65 Td (Rico\) ) Tj ET Q q 0 0 0 rg BT 74.84 268.65 Td (allow ) Tj ET Q q 0 0 0 rg BT 99.67 268.65 Td (us ) Tj ET Q q 0 0 0 rg BT 111.18 268.65 Td (to ) Tj ET Q q 0 0 0 rg BT 121.58 268.65 Td (ef) Tj ET Q q 0 0 0 rg BT 129.17 268.65 Td (ficiently ) Tj ET Q q 0 0 0 rg BT 165.10 268.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 187.16 268.65 Td (the ) Tj ET Q q 0 0 0 rg BT 201.99 268.65 Td (global ) Tj ET Q q 0 0 0 rg BT 229.61 268.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 263.88 268.65 Td (for ) Tj ET Q q 0 0 0 rg BT 278.16 268.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 314.64 268.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 345.58 268.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 370.41 268.65 Td (by ) Tj ET Q q 0 0 0 rg BT 383.03 268.65 Td (shipping ) Tj ET Q q 0 0 0 rg BT 420.10 268.65 Td (bulk ) Tj ET Q q 0 0 0 rg BT 440.49 268.65 Td (car) Tj ET Q q 0 0 0 rg BT 452.52 268.65 Td (goes ) Tj ET Q q 0 0 0 rg BT 473.47 268.65 Td (to ) Tj ET Q q 0 0 0 rg BT 483.86 268.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 504.81 268.65 Td (manufacturers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.65 Td (located ) Tj ET Q q 0 0 0 rg BT 81.45 256.65 Td (in ) Tj ET Q q 0 0 0 rg BT 91.24 256.65 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 114.65 256.65 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 148.03 256.65 Td (Africa, ) Tj ET Q q 0 0 0 rg BT 178.65 256.65 Td (the ) Tj ET Q q 0 0 0 rg BT 193.44 256.65 Td (Middle ) Tj ET Q q 0 0 0 rg BT 224.91 256.65 Td (East ) Tj ET Q q 0 0 0 rg BT 244.70 256.65 Td (\(EAME\), ) Tj ET Q q 0 0 0 rg BT 293.65 256.65 Td (and ) Tj ET Q q 0 0 0 rg BT 310.66 256.65 Td (Central ) Tj ET Q q 0 0 0 rg BT 342.11 256.65 Td (America. ) Tj ET Q q 0 0 0 rg BT 381.61 256.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 399.74 256.65 Td (exports ) Tj ET Q q 0 0 0 rg BT 431.76 256.65 Td (of ) Tj ET Q q 0 0 0 rg BT 442.66 256.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 488.56 256.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 525.00 256.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 549.79 256.65 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.65 Td (shipped ) Tj ET Q q 0 0 0 rg BT 83.38 244.65 Td (in ) Tj ET Q q 0 0 0 rg BT 93.43 244.65 Td (containers ) Tj ET Q q 0 0 0 rg BT 136.80 244.65 Td (through ) Tj ET Q q 0 0 0 rg BT 170.18 244.65 Td (various ) Tj ET Q q 0 0 0 rg BT 201.89 244.65 Td (public ) Tj ET Q q 0 0 0 rg BT 229.15 244.65 Td (docks ) Tj ET Q q 0 0 0 rg BT 254.76 244.65 Td (to ) Tj ET Q q 0 0 0 rg BT 264.81 244.65 Td (specialty ) Tj ET Q q 0 0 0 rg BT 302.62 244.65 Td (steelmakers, ) Tj ET Q q 0 0 0 rg BT 354.59 244.65 Td (foundries, ) Tj ET Q q 0 0 0 rg BT 397.14 244.65 Td (aluminum ) Tj ET Q q 0 0 0 rg BT 439.96 244.65 Td (sheet ) Tj ET Q q 0 0 0 rg BT 462.78 244.65 Td (and ) Tj ET Q q 0 0 0 rg BT 479.49 244.65 Td (ingot ) Tj ET Q q 0 0 0 rg BT 502.32 244.65 Td (manufacturers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.65 Td (copper ) Tj ET Q q 0 0 0 rg BT 80.18 232.65 Td (refineries ) Tj ET Q q 0 0 0 rg BT 120.91 232.65 Td (and ) Tj ET Q q 0 0 0 rg BT 138.32 232.65 Td (smelters, ) Tj ET Q q 0 0 0 rg BT 177.12 232.65 Td (brass ) Tj ET Q q 0 0 0 rg BT 200.64 232.65 Td (and ) Tj ET Q q 0 0 0 rg BT 218.05 232.65 Td (bronze ) Tj ET Q q 0 0 0 rg BT 248.23 232.65 Td (ingot ) Tj ET Q q 0 0 0 rg BT 271.76 232.65 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 331.92 232.65 Td (and ) Tj ET Q q 0 0 0 rg BT 349.34 232.65 Td (wire ) Tj ET Q q 0 0 0 rg BT 370.08 232.65 Td (and ) Tj ET Q q 0 0 0 rg BT 387.49 232.65 Td (cable ) Tj ET Q q 0 0 0 rg BT 411.55 232.65 Td (producers ) Tj ET Q q 0 0 0 rg BT 453.96 232.65 Td (globally) Tj ET Q q 0 0 0 rg BT 486.08 232.65 Td (. ) Tj ET Q q 0 0 0 rg BT 491.34 232.65 Td (W) Tj ET Q q 0 0 0 rg BT 499.98 232.65 Td (e ) Tj ET Q q 0 0 0 rg BT 507.39 232.65 Td (also ) Tj ET Q q 0 0 0 rg BT 526.47 232.65 Td (transport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.65 Td (both ) Tj ET Q q 0 0 0 rg BT 71.22 220.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 102.98 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 120.85 220.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 167.61 220.65 Td (metals ) Tj ET Q q 0 0 0 rg BT 197.16 220.65 Td (by ) Tj ET Q q 0 0 0 rg BT 210.59 220.65 Td (truck, ) Tj ET Q q 0 0 0 rg BT 237.08 220.65 Td (rail ) Tj ET Q q 0 0 0 rg BT 253.84 220.65 Td (and ) Tj ET Q q 0 0 0 rg BT 271.72 220.65 Td (bar) Tj ET Q q 0 0 0 rg BT 284.31 220.65 Td (ge ) Tj ET Q q 0 0 0 rg BT 297.19 220.65 Td (in ) Tj ET Q q 0 0 0 rg BT 308.40 220.65 Td (order ) Tj ET Q q 0 0 0 rg BT 332.94 220.65 Td (to ) Tj ET Q q 0 0 0 rg BT 344.16 220.65 Td (transfer ) Tj ET Q q 0 0 0 rg BT 378.14 220.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 402.67 220.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 428.32 220.65 Td (between ) Tj ET Q q 0 0 0 rg BT 465.08 220.65 Td (our ) Tj ET Q q 0 0 0 rg BT 481.85 220.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 519.72 220.65 Td (for ) Tj ET Q q 0 0 0 rg BT 534.81 220.65 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.65 Td (processing, ) Tj ET Q q 0 0 0 rg BT 97.77 208.65 Td (to ) Tj ET Q q 0 0 0 rg BT 108.05 208.65 Td (load ) Tj ET Q q 0 0 0 rg BT 127.76 208.65 Td (shipments ) Tj ET Q q 0 0 0 rg BT 170.82 208.65 Td (at ) Tj ET Q q 0 0 0 rg BT 180.54 208.65 Td (our ) Tj ET Q q 0 0 0 rg BT 196.37 208.65 Td (export ) Tj ET Q q 0 0 0 rg BT 224.41 208.65 Td (facilities ) Tj ET Q q 0 0 0 rg BT 261.34 208.65 Td (and ) Tj ET Q q 0 0 0 rg BT 278.28 208.65 Td (to ) Tj ET Q q 0 0 0 rg BT 288.56 208.65 Td (meet ) Tj ET Q q 0 0 0 rg BT 310.49 208.65 Td (regional ) Tj ET Q q 0 0 0 rg BT 345.76 208.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 384.36 208.65 Td (demand.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 187.65 Td (Key economic factors and trends af) Tj ET Q q 0 0 0 rg BT 195.08 187.65 Td (fecting the industries in which we operate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 169.65 Td (e ) Tj ET Q q 0 0 0 rg BT 65.94 169.65 Td (sell ) Tj ET Q q 0 0 0 rg BT 82.69 169.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 119.42 169.65 Td (metals ) Tj ET Q q 0 0 0 rg BT 148.39 169.65 Td (to ) Tj ET Q q 0 0 0 rg BT 159.03 169.65 Td (the ) Tj ET Q q 0 0 0 rg BT 174.12 169.65 Td (global ) Tj ET Q q 0 0 0 rg BT 201.98 169.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 223.17 169.65 Td (industry ) Tj ET Q q 0 0 0 rg BT 258.81 169.65 Td (for ) Tj ET Q q 0 0 0 rg BT 273.33 169.65 Td (the ) Tj ET Q q 0 0 0 rg BT 288.42 169.65 Td (production ) Tj ET Q q 0 0 0 rg BT 334.61 169.65 Td (of ) Tj ET Q q 0 0 0 rg BT 345.80 169.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 380.88 169.65 Td (steel. ) Tj ET Q q 0 0 0 rg BT 404.58 169.65 Td (Our ) Tj ET Q q 0 0 0 rg BT 422.99 169.65 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.84 169.65 Td (results ) Tj ET Q q 0 0 0 rg BT 489.81 169.65 Td (lar) Tj ET Q q 0 0 0 rg BT 500.18 169.65 Td (gely ) Tj ET Q q 0 0 0 rg BT 520.26 169.65 Td (depend ) Tj ET Q q 0 0 0 rg BT 552.00 169.65 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.65 Td (supply ) Tj ET Q q 0 0 0 rg BT 79.15 157.65 Td (of ) Tj ET Q q 0 0 0 rg BT 89.96 157.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 107.42 157.65 Td (materials ) Tj ET Q q 0 0 0 rg BT 146.55 157.65 Td (in ) Tj ET Q q 0 0 0 rg BT 156.81 157.65 Td (the ) Tj ET Q q 0 0 0 rg BT 171.50 157.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 191.77 157.65 Td (and ) Tj ET Q q 0 0 0 rg BT 208.50 157.65 Td (W) Tj ET Q q 0 0 0 rg BT 217.14 157.65 Td (estern ) Tj ET Q q 0 0 0 rg BT 243.50 157.65 Td (Canada ) Tj ET Q q 0 0 0 rg BT 275.96 157.65 Td (and ) Tj ET Q q 0 0 0 rg BT 292.88 157.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 327.01 157.65 Td (for ) Tj ET Q q 0 0 0 rg BT 341.15 157.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 377.49 157.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 402.18 157.65 Td (in ) Tj ET Q q 0 0 0 rg BT 412.43 157.65 Td (foreign ) Tj ET Q q 0 0 0 rg BT 443.79 157.65 Td (and ) Tj ET Q q 0 0 0 rg BT 460.70 157.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 499.29 157.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 533.42 157.65 Td (and ) Tj ET Q q 0 0 0 rg BT 550.34 157.65 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.65 Td (finished ) Tj ET Q q 0 0 0 rg BT 85.01 145.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 106.13 145.65 Td (products ) Tj ET Q q 0 0 0 rg BT 143.36 145.65 Td (in ) Tj ET Q q 0 0 0 rg BT 153.93 145.65 Td (the ) Tj ET Q q 0 0 0 rg BT 168.73 145.65 Td (W) Tj ET Q q 0 0 0 rg BT 177.37 145.65 Td (estern ) Tj ET Q q 0 0 0 rg BT 204.04 145.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 224.62 145.65 Td (and ) Tj ET Q q 0 0 0 rg BT 241.85 145.65 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 277.12 145.65 Td (Changes ) Tj ET Q q 0 0 0 rg BT 314.35 145.65 Td (in ) Tj ET Q q 0 0 0 rg BT 324.92 145.65 Td (supply ) Tj ET Q q 0 0 0 rg BT 354.39 145.65 Td (and ) Tj ET Q q 0 0 0 rg BT 371.62 145.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 406.06 145.65 Td (conditions ) Tj ET Q q 0 0 0 rg BT 450.52 145.65 Td (af) Tj ET Q q 0 0 0 rg BT 458.11 145.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 475.89 145.65 Td (market ) Tj ET Q q 0 0 0 rg BT 506.44 145.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 533.11 145.65 Td (for ) Tj ET Q q 0 0 0 rg BT 547.56 145.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.65 Td (volumes ) Tj ET Q q 0 0 0 rg BT 86.66 133.65 Td (of ) Tj ET Q q 0 0 0 rg BT 97.76 133.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 134.39 133.65 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 165.48 133.65 Td (and ) Tj ET Q q 0 0 0 rg BT 182.69 133.65 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 228.78 133.65 Td (metal ) Tj ET Q q 0 0 0 rg BT 253.76 133.65 Td (in ) Tj ET Q q 0 0 0 rg BT 264.31 133.65 Td (global ) Tj ET Q q 0 0 0 rg BT 292.07 133.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 326.50 133.65 Td (and ) Tj ET Q q 0 0 0 rg BT 343.71 133.65 Td (for ) Tj ET Q q 0 0 0 rg BT 358.14 133.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 379.23 133.65 Td (products ) Tj ET Q q 0 0 0 rg BT 416.44 133.65 Td (in ) Tj ET Q q 0 0 0 rg BT 426.99 133.65 Td (the ) Tj ET Q q 0 0 0 rg BT 441.78 133.65 Td (W) Tj ET Q q 0 0 0 rg BT 450.41 133.65 Td (estern ) Tj ET Q q 0 0 0 rg BT 477.06 133.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 497.61 133.65 Td (and ) Tj ET Q q 0 0 0 rg BT 514.82 133.65 Td (Canada ) Tj ET Q q 0 0 0 rg BT 547.58 133.65 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.65 Td (can ) Tj ET Q q 0 0 0 rg BT 67.40 121.65 Td (have ) Tj ET Q q 0 0 0 rg BT 89.79 121.65 Td (a ) Tj ET Q q 0 0 0 rg BT 97.75 121.65 Td (significant ) Tj ET Q q 0 0 0 rg BT 143.48 121.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 174.21 121.65 Td (on ) Tj ET Q q 0 0 0 rg BT 187.72 121.65 Td (the ) Tj ET Q q 0 0 0 rg BT 203.46 121.65 Td (results ) Tj ET Q q 0 0 0 rg BT 233.09 121.65 Td (of ) Tj ET Q q 0 0 0 rg BT 244.93 121.65 Td (operations ) Tj ET Q q 0 0 0 rg BT 290.11 121.65 Td (for ) Tj ET Q q 0 0 0 rg BT 305.29 121.65 Td (all ) Tj ET Q q 0 0 0 rg BT 318.80 121.65 Td (three ) Tj ET Q q 0 0 0 rg BT 342.30 121.65 Td (reporting ) Tj ET Q q 0 0 0 rg BT 382.48 121.65 Td (segments. ) Tj ET Q q 0 0 0 rg BT 425.46 121.65 Td (W) Tj ET Q q 0 0 0 rg BT 434.09 121.65 Td (eak ) Tj ET Q q 0 0 0 rg BT 451.49 121.65 Td (export ) Tj ET Q q 0 0 0 rg BT 480.55 121.65 Td (demand ) Tj ET Q q 0 0 0 rg BT 515.73 121.65 Td (and ) Tj ET Q q 0 0 0 rg BT 533.68 121.65 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.65 Td (availability ) Tj ET Q q 0 0 0 rg BT 97.49 109.65 Td (of ) Tj ET Q q 0 0 0 rg BT 108.32 109.65 Td (raw ) Tj ET Q q 0 0 0 rg BT 125.81 109.65 Td (materials ) Tj ET Q q 0 0 0 rg BT 164.96 109.65 Td (has ) Tj ET Q q 0 0 0 rg BT 180.79 109.65 Td (contributed ) Tj ET Q q 0 0 0 rg BT 228.83 109.65 Td (to ) Tj ET Q q 0 0 0 rg BT 239.11 109.65 Td (lower ) Tj ET Q q 0 0 0 rg BT 264.38 109.65 Td (sales ) Tj ET Q q 0 0 0 rg BT 286.31 109.65 Td (volumes ) Tj ET Q q 0 0 0 rg BT 322.70 109.65 Td (for ) Tj ET Q q 0 0 0 rg BT 336.86 109.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 373.22 109.65 Td (metals ) Tj ET Q q 0 0 0 rg BT 401.83 109.65 Td (in ) Tj ET Q q 0 0 0 rg BT 412.10 109.65 Td (recent ) Tj ET Q q 0 0 0 rg BT 439.03 109.65 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.65 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 95.73 88.65 Td (in ) Tj ET Q q 0 0 0 rg BT 107.57 88.65 Td (early ) Tj ET Q q 0 0 0 rg BT 131.62 88.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 157.34 88.65 Td (2012, ) Tj ET Q q 0 0 0 rg BT 183.90 88.65 Td (our ) Tj ET Q q 0 0 0 rg BT 201.29 88.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 237.01 88.65 Td (were ) Tj ET Q q 0 0 0 rg BT 260.51 88.65 Td (impacted ) Tj ET Q q 0 0 0 rg BT 301.22 88.65 Td (by ) Tj ET Q q 0 0 0 rg BT 315.28 88.65 Td (a ) Tj ET Q q 0 0 0 rg BT 323.79 88.65 Td (slowdown ) Tj ET Q q 0 0 0 rg BT 368.96 88.65 Td (of ) Tj ET Q q 0 0 0 rg BT 381.36 88.65 Td (economic ) Tj ET Q q 0 0 0 rg BT 424.29 88.65 Td (activity ) Tj ET Q q 0 0 0 rg BT 458.34 88.65 Td (globally) Tj ET Q q 0 0 0 rg BT 490.47 88.65 Td (. ) Tj ET Q q 0 0 0 rg BT 497.03 88.65 Td (Macroeconomic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.65 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 97.44 76.65 Td (resulted ) Tj ET Q q 0 0 0 rg BT 131.56 76.65 Td (in ) Tj ET Q q 0 0 0 rg BT 141.80 76.65 Td (deteriorating ) Tj ET Q q 0 0 0 rg BT 195.35 76.65 Td (market ) Tj ET Q q 0 0 0 rg BT 225.57 76.65 Td (conditions ) Tj ET Q q 0 0 0 rg BT 269.70 76.65 Td (for ) Tj ET Q q 0 0 0 rg BT 283.82 76.65 Td (global ) Tj ET Q q 0 0 0 rg BT 311.27 76.65 Td (steel ) Tj ET Q q 0 0 0 rg BT 332.06 76.65 Td (manufacturers ) Tj ET Q q 0 0 0 rg BT 391.71 76.65 Td (and ) Tj ET Q q 0 0 0 rg BT 408.61 76.65 Td (volatile ) Tj ET Q q 0 0 0 rg BT 441.06 76.65 Td (pricing ) Tj ET Q q 0 0 0 rg BT 471.85 76.65 Td (swings ) Tj ET Q q 0 0 0 rg BT 502.09 76.65 Td (with ) Tj ET Q q 0 0 0 rg BT 522.33 76.65 Td (an ) Tj ET Q q 0 0 0 rg BT 534.23 76.65 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.65 Td (downward ) Tj ET Q q 0 0 0 rg BT 95.08 64.65 Td (trend ) Tj ET Q q 0 0 0 rg BT 118.49 64.65 Td (in ) Tj ET Q q 0 0 0 rg BT 129.14 64.65 Td (commodity ) Tj ET Q q 0 0 0 rg BT 177.56 64.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 204.30 64.65 Td (and ) Tj ET Q q 0 0 0 rg BT 221.61 64.65 Td (export ) Tj ET Q q 0 0 0 rg BT 250.02 64.65 Td (selling ) Tj ET Q q 0 0 0 rg BT 279.56 64.65 Td (prices ) Tj ET Q q 0 0 0 rg BT 306.30 64.65 Td (of ) Tj ET Q q 0 0 0 rg BT 317.50 64.65 Td (recycled ) Tj ET Q q 0 0 0 rg BT 354.23 64.65 Td (materials. ) Tj ET Q q 0 0 0 rg BT 396.04 64.65 Td (The ) Tj ET Q q 0 0 0 rg BT 414.46 64.65 Td (persistently ) Tj ET Q q 0 0 0 rg BT 463.43 64.65 Td (low ) Tj ET Q q 0 0 0 rg BT 481.29 64.65 Td (economic ) Tj ET Q q 0 0 0 rg BT 523.03 64.65 Td (growth ) Tj ET Q q 0 0 0 rg BT 554.23 64.65 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.65 Td (the ) Tj ET Q q 0 0 0 rg BT 64.79 52.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 85.14 52.65 Td (contributed ) Tj ET Q q 0 0 0 rg BT 133.25 52.65 Td (to ) Tj ET Q q 0 0 0 rg BT 143.60 52.65 Td (constrained ) Tj ET Q q 0 0 0 rg BT 192.27 52.65 Td (scrap ) Tj ET Q q 0 0 0 rg BT 215.94 52.65 Td (flows ) Tj ET Q q 0 0 0 rg BT 240.73 52.65 Td (in ) Tj ET Q q 0 0 0 rg BT 251.08 52.65 Td (our ) Tj ET Q q 0 0 0 rg BT 266.98 52.65 Td (MRB ) Tj ET Q q 0 0 0 rg BT 291.78 52.65 Td (and ) Tj ET Q q 0 0 0 rg BT 308.22 52.65 Td (APB ) Tj ET Q q 0 0 0 rg BT 330.25 52.65 Td (domestic ) Tj ET Q q 0 0 0 rg BT 368.92 52.65 Td (supply ) Tj ET Q q 0 0 0 rg BT 398.16 52.65 Td (markets ) Tj ET Q q 0 0 0 rg BT 432.39 52.65 Td (which, ) Tj ET Q q 0 0 0 rg BT 461.90 52.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 503.90 52.65 Td (with ) Tj ET Q q 0 0 0 rg BT 524.25 52.65 Td (increased ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (25) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 73.25 742.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 112.60 742.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 148.06 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.64 742.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 214.56 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.49 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 253.84 742.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 288.75 742.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 325.05 742.10 Td (led ) Tj ET Q q 0 0 0 rg BT 339.42 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.35 742.10 Td (mar) Tj ET Q q 0 0 0 rg BT 364.71 742.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 379.64 742.10 Td (compression. ) Tj ET Q q 0 0 0 rg BT 434.83 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 445.31 742.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 482.73 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.32 742.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 529.23 742.10 Td (stronger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.28 730.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 96.11 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 120.26 730.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 160.52 730.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 210.22 730.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 246.04 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 258.54 730.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 283.55 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 289.95 730.10 Td (export ) Tj ET Q q 0 0 0 rg BT 317.99 730.10 Td (activity) Tj ET Q q 0 0 0 rg BT 347.33 730.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Strategic Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.37 691.10 Td (we ) Tj ET Q q 0 0 0 rg BT 77.29 691.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 113.99 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.03 691.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 154.61 691.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 188.54 691.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 229.67 691.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 276.10 691.10 Td (we ) Tj ET Q q 0 0 0 rg BT 290.02 691.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 320.04 691.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 353.40 691.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.66 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.14 691.10 Td (following ) Tj ET Q q 0 0 0 rg BT 421.29 691.10 Td (core ) Tj ET Q q 0 0 0 rg BT 440.76 691.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 480.78 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.82 691.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 512.51 691.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.11 691.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (objectives:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 658.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 139.23 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.23 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.24 658.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 188.69 658.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 209.24 658.10 Td (water ) Tj ET Q q 0 0 0 rg BT 233.12 658.10 Td (ports ) Tj ET Q q 0 0 0 rg BT 254.80 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.91 658.10 Td (ground-based ) Tj ET Q q 0 0 0 rg BT 327.02 658.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 384.24 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.69 658.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 425.91 658.10 Td (access ) Tj ET Q q 0 0 0 rg BT 453.12 658.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 495.35 658.10 Td (around ) Tj ET Q q 0 0 0 rg BT 524.79 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 658.10 Td (world ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.94 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.22 646.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 171.15 646.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 205.31 646.10 Td (wherever ) Tj ET Q q 0 0 0 rg BT 245.00 646.10 Td (it ) Tj ET Q q 0 0 0 rg BT 253.06 646.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.23 646.10 Td (greatest;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 625.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 625.10 Td (Syner) Tj ET Q q 0 0 0 rg BT 145.15 625.10 Td (gistic ) Tj ET Q q 0 0 0 rg BT 171.08 625.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 203.68 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.38 625.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 270.54 625.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 323.68 625.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 381.27 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.98 625.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 420.35 625.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 462.38 625.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 506.09 625.10 Td (which ) Tj ET Q q 0 0 0 rg BT 534.79 625.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 613.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 159.48 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.31 613.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 219.47 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.40 613.10 Td (drive ) Tj ET Q q 0 0 0 rg BT 259.45 613.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 304.16 613.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 322.77 613.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 355.27 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.21 613.10 Td (ef) Tj ET Q q 0 0 0 rg BT 379.80 613.10 Td (ficiencies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 592.10 Td (Growth ) Tj ET Q q 0 0 0 rg BT 154.91 592.10 Td (through ) Tj ET Q q 0 0 0 rg BT 188.38 592.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 238.52 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.32 592.10 Td (greenfield ) Tj ET Q q 0 0 0 rg BT 298.21 592.10 Td (development ) Tj ET Q q 0 0 0 rg BT 352.22 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.36 592.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 396.38 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.18 592.10 Td (new ) Tj ET Q q 0 0 0 rg BT 432.21 592.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 478.99 592.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 510.79 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.15 592.10 Td (generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 580.10 Td (attractive ) Tj ET Q q 0 0 0 rg BT 161.70 580.10 Td (returns; ) Tj ET Q q 0 0 0 rg BT 194.74 580.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 559.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 559.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 165.39 559.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 210.99 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.49 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.64 559.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 266.13 559.10 Td (from ) Tj ET Q q 0 0 0 rg BT 287.29 559.10 Td (technologies ) Tj ET Q q 0 0 0 rg BT 339.55 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.71 559.10 Td (process ) Tj ET Q q 0 0 0 rg BT 387.42 559.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 446.35 559.10 Td (which ) Tj ET Q q 0 0 0 rg BT 472.51 559.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 506.98 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.92 559.10 Td (separation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.94 547.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 176.41 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.24 547.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 223.61 547.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 262.76 547.10 Td (from ) Tj ET Q q 0 0 0 rg BT 284.70 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.53 547.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 342.46 547.10 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 69.72 526.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 105.55 526.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.39 526.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 151.66 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 165.83 526.10 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 211.10 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.49 526.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 264.42 526.10 Td (syner) Tj ET Q q 0 0 0 rg BT 285.90 526.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 306.18 526.10 Td (within ) Tj ET Q q 0 0 0 rg BT 335.91 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.42 526.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 397.57 526.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 443.39 526.10 Td (while ) Tj ET Q q 0 0 0 rg BT 469.78 526.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 516.73 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.68 526.10 Td (improve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 100.68 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.91 514.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 139.26 514.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.39 514.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 197.84 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.41 514.10 Td (core ) Tj ET Q q 0 0 0 rg BT 226.41 514.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 257.65 514.10 Td (where ) Tj ET Q q 0 0 0 rg BT 283.87 514.10 Td (we ) Tj ET Q q 0 0 0 rg BT 297.33 514.10 Td (have ) Tj ET Q q 0 0 0 rg BT 318.00 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.24 514.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 368.24 514.10 Td (market ) Tj ET Q q 0 0 0 rg BT 397.80 514.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 434.58 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.81 514.10 Td (competitively ) Tj ET Q q 0 0 0 rg BT 507.59 514.10 Td (advantageous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (port ) Tj ET Q q 0 0 0 rg BT 69.30 502.10 Td (access. ) Tj ET Q q 0 0 0 rg BT 99.82 502.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 122.46 502.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.32 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.95 502.10 Td (key ) Tj ET Q q 0 0 0 rg BT 157.57 502.10 Td (supplier ) Tj ET Q q 0 0 0 rg BT 192.98 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.94 502.10 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 231.86 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.49 502.10 Td (we ) Tj ET Q q 0 0 0 rg BT 264.34 502.10 Td (opportunistically ) Tj ET Q q 0 0 0 rg BT 335.30 502.10 Td (look ) Tj ET Q q 0 0 0 rg BT 356.26 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.23 502.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 403.17 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.58 502.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 466.19 502.10 Td (proximity ) Tj ET Q q 0 0 0 rg BT 508.82 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.34 502.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (within ) Tj ET Q q 0 0 0 rg BT 77.96 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.58 490.10 Td (two ) Tj ET Q q 0 0 0 rg BT 109.99 490.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 157.11 490.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 181.75 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.06 490.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 219.92 490.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 267.32 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 288.60 490.10 Td (had ) Tj ET Q q 0 0 0 rg BT 305.44 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 317.28 490.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 359.67 490.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 397.05 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.23 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.85 490.10 Td (Northwestern ) Tj ET Q q 0 0 0 rg BT 478.69 490.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 498.88 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.72 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.90 490.10 Td (Northern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 95.68 478.10 Td (near ) Tj ET Q q 0 0 0 rg BT 115.53 478.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 140.54 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 147.07 478.10 Td (export ) Tj ET Q q 0 0 0 rg BT 175.25 478.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 212.32 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.55 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 227.96 478.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 259.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 267.64 478.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 311.66 478.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 350.69 478.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 383.32 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.40 478.10 Td (Oakland, ) Tj ET Q q 0 0 0 rg BT 439.41 478.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 485.09 478.10 Td (which ) Tj ET Q q 0 0 0 rg BT 512.17 478.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 542.57 478.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 466.10 Td (syner) Tj ET Q q 0 0 0 rg BT 86.20 466.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 104.80 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.63 466.10 Td (this ) Tj ET Q q 0 0 0 rg BT 132.58 466.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 172.84 466.10 Td (access ) Tj ET Q q 0 0 0 rg BT 200.87 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.15 466.10 Td (supply) Tj ET Q q 0 0 0 rg BT 237.17 466.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.05 445.10 Td (early ) Tj ET Q q 0 0 0 rg BT 81.75 445.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 105.12 445.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 129.34 445.10 Td (we ) Tj ET Q q 0 0 0 rg BT 142.71 445.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 186.08 445.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 229.45 445.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 265.03 445.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 314.52 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.89 445.10 Td (W) Tj ET Q q 0 0 0 rg BT 332.53 445.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 358.13 445.10 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 392.33 445.10 Td (which ) Tj ET Q q 0 0 0 rg BT 418.48 445.10 Td (enabled ) Tj ET Q q 0 0 0 rg BT 451.29 445.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 475.24 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.02 445.10 Td (APB) Tj ET Q q 0 0 0 rg BT 513.25 445.10 Td (s ) Tj ET Q q 0 0 0 rg BT 518.85 445.10 Td (syner) Tj ET Q q 0 0 0 rg BT 540.33 445.10 Td (gistic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 92.98 433.10 Td (into ) Tj ET Q q 0 0 0 rg BT 110.97 433.10 Td (British ) Tj ET Q q 0 0 0 rg BT 140.64 433.10 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 182.52 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.85 433.10 Td (Alberta ) Tj ET Q q 0 0 0 rg BT 231.27 433.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.49 433.10 Td (seven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.26 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.69 433.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 305.23 433.10 Td (collection ) Tj ET Q q 0 0 0 rg BT 347.09 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.97 433.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 409.17 433.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 448.54 433.10 Td (including ) Tj ET Q q 0 0 0 rg BT 488.75 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.62 433.10 Td (new ) Tj ET Q q 0 0 0 rg BT 514.72 433.10 Td (shredder) Tj ET Q q 0 0 0 rg BT 548.74 433.10 Td (, ) Tj ET Q q 0 0 0 rg BT 553.68 433.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (well ) Tj ET Q q 0 0 0 rg BT 69.25 421.10 Td (as ) Tj ET Q q 0 0 0 rg BT 79.61 421.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 101.64 421.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 120.89 421.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 142.37 421.10 Td (stores. ) Tj ET Q q 0 0 0 rg BT 169.78 421.10 Td (APB) Tj ET Q q 0 0 0 rg BT 192.01 421.10 Td (s ) Tj ET Q q 0 0 0 rg BT 197.94 421.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 234.40 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.06 421.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.70 421.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 278.61 421.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 310.63 421.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 343.21 421.10 Td (crushed ) Tj ET Q q 0 0 0 rg BT 376.35 421.10 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 421.70 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.52 421.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 456.53 421.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.45 421.10 Td (new ) Tj ET Q q 0 0 0 rg BT 481.15 421.10 Td (franchise ) Tj ET Q q 0 0 0 rg BT 519.82 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.49 421.10 Td (W) Tj ET Q q 0 0 0 rg BT 538.13 421.10 Td (estern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 82.57 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.92 409.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 128.28 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.64 409.10 Td (shipping ) Tj ET Q q 0 0 0 rg BT 175.67 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.03 409.10 Td (its ) Tj ET Q q 0 0 0 rg BT 197.87 409.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.28 409.10 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 234.27 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 242.90 409.10 Td (ashington ) Tj ET Q q 0 0 0 rg BT 284.37 409.10 Td (facility) Tj ET Q q 0 0 0 rg BT 312.04 409.10 Td (. ) Tj ET Q q 0 0 0 rg BT 317.12 409.10 Td (In ) Tj ET Q q 0 0 0 rg BT 328.03 409.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 352.27 409.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 377.35 409.10 Td (we ) Tj ET Q q 0 0 0 rg BT 391.59 409.10 Td (opened ) Tj ET Q q 0 0 0 rg BT 423.05 409.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.96 409.10 Td (first ) Tj ET Q q 0 0 0 rg BT 457.65 409.10 Td (greenfield ) Tj ET Q q 0 0 0 rg BT 500.76 409.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 520.56 409.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 542.58 409.10 Td (store ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 397.10 Td (Johnston, ) Tj ET Q q 0 0 0 rg BT 99.84 397.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 127.95 397.10 Td (Island, ) Tj ET Q q 0 0 0 rg BT 156.88 397.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 185.82 397.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 227.26 397.10 Td (with ) Tj ET Q q 0 0 0 rg BT 247.03 397.10 Td (three ) Tj ET Q q 0 0 0 rg BT 269.02 397.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 294.35 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.13 397.10 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 363.89 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.33 397.10 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 408.44 397.10 Td (Island ) Tj ET Q q 0 0 0 rg BT 434.88 397.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 471.30 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.08 397.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 504.73 397.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 529.23 397.10 Td (expands ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (APB's ) Tj ET Q q 0 0 0 rg BT 77.39 385.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 114.60 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.62 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.07 385.10 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 192.96 385.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 212.98 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.66 385.10 Td (enables ) Tj ET Q q 0 0 0 rg BT 261.88 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.56 385.10 Td (new ) Tj ET Q q 0 0 0 rg BT 287.46 385.10 Td (source ) Tj ET Q q 0 0 0 rg BT 315.79 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.36 385.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 355.27 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 369.17 385.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 394.18 385.10 Td (s ) Tj ET Q q 0 0 0 rg BT 400.31 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.55 385.10 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 456.43 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.67 385.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 493.67 385.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 537.57 385.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.93 373.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.93 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.43 373.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 123.04 373.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 162.74 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.68 373.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 224.95 373.10 Td (facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.43 352.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.18 352.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.18 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.28 352.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.03 352.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 186.56 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.44 352.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 243.31 352.10 Td (enhancements ) Tj ET Q q 0 0 0 rg BT 303.04 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.92 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.23 352.10 Td (syner) Tj ET Q q 0 0 0 rg BT 350.71 352.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 369.92 352.10 Td (between ) Tj ET Q q 0 0 0 rg BT 406.33 352.10 Td (these ) Tj ET Q q 0 0 0 rg BT 429.98 352.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 475.29 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.39 352.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 534.81 352.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 97.48 340.10 Td (processes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Executive Overview of Financial Results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 298.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.07 298.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 105.93 298.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 158.47 298.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 196.00 298.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.33 298.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 225.82 298.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.94 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.93 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.71 298.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.36 298.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.36 298.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.86 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.29 298.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 354.70 298.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.03 298.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.36 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.35 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 401.79 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 298.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 435.50 298.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.61 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 463.61 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.93 298.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 526.47 298.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.05 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.54 286.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 93.25 286.10 Td (year) Tj ET Q q 0 0 0 rg BT 109.90 286.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.68 286.10 Td (Overall ) Tj ET Q q 0 0 0 rg BT 144.93 286.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 196.75 286.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 233.56 286.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 274.24 286.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 312.73 286.10 Td (due ) Tj ET Q q 0 0 0 rg BT 328.44 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.49 286.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 361.53 286.10 Td (average ) Tj ET Q q 0 0 0 rg BT 393.88 286.10 Td (net ) Tj ET Q q 0 0 0 rg BT 407.37 286.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 435.31 286.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 460.46 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 473.39 286.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 502.98 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.69 286.10 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.08 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.39 274.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 123.90 274.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 145.21 274.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 180.97 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.17 274.10 Td (export ) Tj ET Q q 0 0 0 rg BT 218.58 274.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 248.77 274.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 272.85 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 283.05 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 289.36 274.10 Td (result ) Tj ET Q q 0 0 0 rg BT 313.45 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.64 274.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 364.95 274.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 387.92 274.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 428.66 274.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 472.19 274.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 506.83 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.70 274.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 89.73 262.10 Td (export ) Tj ET Q q 0 0 0 rg BT 118.35 262.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 153.09 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.83 262.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 204.77 262.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 232.56 262.10 Td (which ) Tj ET Q q 0 0 0 rg BT 260.08 262.10 Td (was ) Tj ET Q q 0 0 0 rg BT 278.71 262.10 Td (only ) Tj ET Q q 0 0 0 rg BT 299.56 262.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 335.96 262.10 Td (of) Tj ET Q q 0 0 0 rg BT 344.11 262.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 361.63 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 374.71 262.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 403.33 262.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 440.30 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.04 262.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 494.22 262.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 516.74 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.14 262.10 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.82 250.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 108.03 250.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 153.85 250.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 181.06 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.00 250.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 232.72 250.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 253.54 250.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.26 232.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 145.52 232.10 Td (income ) Tj ET Q q 0 0 0 rg BT 177.44 232.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.48 232.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 212.97 232.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.86 232.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.35 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.62 232.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.76 232.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.76 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.75 232.10 Td (which ) Tj ET Q q 0 0 0 rg BT 330.68 232.10 Td (included ) Tj ET Q q 0 0 0 rg BT 367.60 232.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 421.18 232.10 Td (char) Tj ET Q q 0 0 0 rg BT 438.21 232.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 454.03 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.96 232.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.99 232.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 542.01 232.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.78 220.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 73.23 220.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.12 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.57 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.46 220.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.46 220.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 166.35 220.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 214.90 220.10 Td (char) Tj ET Q q 0 0 0 rg BT 231.92 220.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 247.70 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.48 220.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 270.93 220.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.82 220.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.77 220.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 346.65 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 356.88 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.77 220.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 416.76 220.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 456.97 220.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.98 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.76 220.10 Td ($328 ) Tj ET Q q 0 0 0 rg BT 508.21 220.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.11 220.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.56 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 220.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 72.72 208.10 Td (year) Tj ET Q q 0 0 0 rg BT 89.52 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.30 208.10 Td (which ) Tj ET Q q 0 0 0 rg BT 123.02 208.10 Td (included ) Tj ET Q q 0 0 0 rg BT 160.73 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.44 208.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 207.28 208.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 256.66 208.10 Td (char) Tj ET Q q 0 0 0 rg BT 273.68 208.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 286.40 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.01 208.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 321.28 208.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 355.95 208.10 Td (other ) Tj ET Q q 0 0 0 rg BT 379.78 208.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 402.49 208.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 451.87 208.10 Td (char) Tj ET Q q 0 0 0 rg BT 468.90 208.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 485.51 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.11 208.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 515.39 208.10 Td (million ) Tj ET Q q 0 0 0 rg BT 547.56 208.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.07 196.10 Td (char) Tj ET Q q 0 0 0 rg BT 120.10 196.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 135.41 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.71 196.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 157.69 196.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 190.62 196.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 228.71 196.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 281.23 196.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 320.97 196.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.38 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.14 196.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.77 196.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.77 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 410.25 196.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 451.66 196.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 504.73 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.15 196.10 Td (other ) Tj ET Q q 0 0 0 rg BT 543.67 196.10 Td (exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (related ) Tj ET Q q 0 0 0 rg BT 80.25 184.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 103.30 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.78 184.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.38 184.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 166.86 184.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 216.01 184.10 Td (char) Tj ET Q q 0 0 0 rg BT 233.03 184.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 251.91 184.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.51 184.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 288.55 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.45 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.99 184.10 Td (an ) Tj ET Q q 0 0 0 rg BT 335.48 184.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 371.28 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.66 184.10 Td ($15 ) Tj ET Q q 0 0 0 rg BT 400.70 184.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.59 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.14 184.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.52 184.10 Td (103%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.85 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 475.40 184.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 517.87 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.69 184.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 104.94 172.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 147.10 172.10 Td (income ) Tj ET Q q 0 0 0 rg BT 180.94 172.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.67 172.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 213.07 172.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.96 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.36 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.54 172.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.59 172.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.59 172.10 Td (, ) Tj ET Q q 0 0 0 rg BT 311.49 172.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 355.32 172.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 395.28 172.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 448.28 172.10 Td (other ) Tj ET Q q 0 0 0 rg BT 473.22 172.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 497.06 172.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 547.56 172.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.51 160.10 Td (char) Tj ET Q q 0 0 0 rg BT 120.53 160.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 136.28 160.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 154.79 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.42 160.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 226.81 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.02 160.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 275.54 160.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 315.72 160.10 Td (income ) Tj ET Q q 0 0 0 rg BT 347.57 160.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 372.20 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.39 160.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 429.80 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.21 160.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 471.84 160.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 512.57 160.10 Td (at ) Tj ET Q q 0 0 0 rg BT 522.20 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.83 160.10 Td (end ) Tj ET Q q 0 0 0 rg BT 553.69 160.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 70.24 148.10 Td (7\). ) Tj ET Q q 0 0 0 rg BT 82.99 148.10 Td (Export ) Tj ET Q q 0 0 0 rg BT 112.12 148.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 140.70 148.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 166.49 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.07 148.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 215.85 148.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 246.08 148.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 270.21 148.10 Td (were ) Tj ET Q q 0 0 0 rg BT 291.55 148.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 321.79 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.49 148.10 Td (downward ) Tj ET Q q 0 0 0 rg BT 375.61 148.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 410.85 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.54 148.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 444.12 148.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 468.53 148.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 499.88 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.57 148.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 539.25 148.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (average ) Tj ET Q q 0 0 0 rg BT 82.96 136.10 Td (export ) Tj ET Q q 0 0 0 rg BT 110.39 136.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 138.94 136.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 164.69 136.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 206.00 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.65 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.75 136.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 251.07 136.10 Td (year) Tj ET Q q 0 0 0 rg BT 267.72 136.10 Td (. ) Tj ET Q q 0 0 0 rg BT 271.97 136.10 Td (The ) Tj ET Q q 0 0 0 rg BT 289.40 136.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 333.49 136.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 367.02 136.10 Td (from ) Tj ET Q q 0 0 0 rg BT 388.34 136.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 439.10 136.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 482.92 136.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 522.01 136.10 Td (impacting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 77.74 124.10 Td (were ) Tj ET Q q 0 0 0 rg BT 100.17 124.10 Td (lar) Tj ET Q q 0 0 0 rg BT 110.54 124.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 130.76 124.10 Td (of) Tj ET Q q 0 0 0 rg BT 138.91 124.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 156.36 124.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.37 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.59 124.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 227.03 124.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 276.69 124.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 308.01 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.46 124.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 371.79 124.10 Td (market ) Tj ET Q q 0 0 0 rg BT 402.56 124.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 447.23 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.67 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.90 124.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 510.12 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.45 124.10 Td (prolonged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 97.48 112.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 125.53 112.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 168.58 112.10 Td (for ) Tj ET Q q 0 0 0 rg BT 181.62 112.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 198.00 112.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 236.03 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.19 112.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.90 112.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 297.39 112.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 332.93 112.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 387.09 112.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 426.23 112.10 Td (results ) Tj ET Q q 0 0 0 rg BT 453.73 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.89 112.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 485.93 112.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 507.31 112.10 Td (also ) Tj ET Q q 0 0 0 rg BT 524.80 112.10 Td (benefited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.71 100.10 Td (an ) Tj ET Q q 0 0 0 rg BT 83.42 100.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 118.44 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.49 100.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 168.53 100.10 Td (income ) Tj ET Q q 0 0 0 rg BT 200.23 100.10 Td (at ) Tj ET Q q 0 0 0 rg BT 209.72 100.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 233.11 100.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.71 100.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 260.98 100.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.87 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.14 100.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 331.63 100.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.23 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.94 100.10 Td (result ) Tj ET Q q 0 0 0 rg BT 373.42 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.02 100.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 424.62 100.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 458.54 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.48 100.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 506.96 100.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 527.56 100.10 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 81.93 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.21 88.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 120.26 88.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 142.20 88.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 178.58 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.52 88.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 229.68 88.10 Td (from ) Tj ET Q q 0 0 0 rg BT 251.62 88.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 303.00 88.10 Td (improvements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.43 70.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 86.18 70.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 111.78 70.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.53 70.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.16 70.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 183.26 70.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.15 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.25 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.13 70.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 245.33 70.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 278.43 70.10 Td (related ) Tj ET Q q 0 0 0 rg BT 308.73 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.60 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.92 70.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 389.11 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.64 70.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 458.62 70.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 501.16 70.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 547.57 70.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 86.65 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.32 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.42 58.10 Td (first ) Tj ET Q q 0 0 0 rg BT 134.42 58.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 166.62 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.94 58.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 227.15 58.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.81 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.91 58.10 Td (second ) Tj ET Q q 0 0 0 rg BT 286.57 58.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 318.77 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.99 58.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 356.53 58.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 380.41 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.08 58.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 422.61 58.10 Td (our ) Tj ET Q q 0 0 0 rg BT 439.83 58.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 470.37 58.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 512.02 58.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 552.00 58.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.07 46.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 127.38 46.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.27 46.10 Td (, ) Tj ET Q q 0 0 0 rg BT 161.08 46.10 Td (with ) Tj ET Q q 0 0 0 rg BT 181.17 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.70 46.10 Td (full ) Tj ET Q q 0 0 0 rg BT 211.90 46.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 240.86 46.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 270.94 46.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 308.78 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.87 46.10 Td (be ) Tj ET Q q 0 0 0 rg BT 330.62 46.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 368.46 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.55 46.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 402.52 46.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 427.16 46.10 Td (The ) Tj ET Q q 0 0 0 rg BT 445.02 46.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 485.10 46.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.19 46.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 533.60 46.10 Td (is ) Tj ET Q q 0 0 0 rg BT 542.58 46.10 Td (from ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (26) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.58 742.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 110.72 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.19 742.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 166.43 742.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 213.73 742.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 279.64 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.11 742.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 339.24 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 346.83 742.10 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 390.78 742.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 425.57 742.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 448.70 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 471.85 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.43 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 513.12 742.10 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (improvements. ) Tj ET Q q 0 0 0 rg BT 111.71 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 120.35 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 126.94 730.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 146.31 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.24 730.10 Td (initiate ) Tj ET Q q 0 0 0 rg BT 186.16 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.75 730.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 247.67 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 289.81 730.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 340.85 730.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 382.44 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 391.33 730.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 412.94 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.87 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 446.67 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 468.83 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.76 730.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 514.24 730.10 Td (profitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (through ) Tj ET Q q 0 0 0 rg BT 84.02 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.36 718.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 144.26 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.49 718.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 190.05 718.10 Td (drivers ) Tj ET Q q 0 0 0 rg BT 220.72 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.07 718.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 257.08 718.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 297.75 718.10 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 342.60 718.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 361.06 718.10 Td (tar) Tj ET Q q 0 0 0 rg BT 371.42 718.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 395.98 718.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 425.55 718.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 481.77 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 491.35 718.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 552.02 718.10 Td ($7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 84.31 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 105.01 706.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 165.69 706.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 186.94 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.19 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 216.10 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 249.02 706.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 287.47 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.17 706.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 328.85 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.99 706.10 Td (second ) Tj ET Q q 0 0 0 rg BT 374.68 706.10 Td (half ) Tj ET Q q 0 0 0 rg BT 393.14 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.39 706.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 428.97 706.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 451.89 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.25 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.38 706.10 Td (full ) Tj ET Q q 0 0 0 rg BT 501.19 706.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 530.77 706.10 Td (run ) Tj ET Q q 0 0 0 rg BT 547.02 706.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 88.03 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.31 694.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 122.47 694.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.84 673.10 Td (income ) Tj ET Q q 0 0 0 rg BT 98.67 673.10 Td (from ) Tj ET Q q 0 0 0 rg BT 120.50 673.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 165.67 673.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 209.73 673.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 257.66 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.84 673.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 284.69 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.86 673.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.92 673.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.92 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.31 673.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.26 673.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 371.66 673.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.55 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 405.45 673.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.18 673.10 Td ($0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.68 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.07 673.10 Td (per ) Tj ET Q q 0 0 0 rg BT 456.24 673.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 486.41 673.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 512.41 673.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.23 673.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.70 661.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 82.74 661.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 130.76 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.02 661.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 157.95 661.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.76 661.10 Td ($281 ) Tj ET Q q 0 0 0 rg BT 191.24 661.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.13 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.11 661.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.92 661.10 Td ($\(10.56\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.08 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.56 661.10 Td (per ) Tj ET Q q 0 0 0 rg BT 287.81 661.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 318.07 661.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 344.15 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.40 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.10 661.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 391.02 661.10 Td (year) Tj ET Q q 0 0 0 rg BT 407.68 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 412.11 661.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 450.70 661.10 Td (net ) Tj ET Q q 0 0 0 rg BT 465.40 661.10 Td (income ) Tj ET Q q 0 0 0 rg BT 497.31 661.10 Td (from ) Tj ET Q q 0 0 0 rg BT 519.23 661.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.55 649.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 140.99 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.67 649.10 Td (SSI, ) Tj ET Q q 0 0 0 rg BT 169.52 649.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 210.85 649.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 263.84 649.10 Td (char) Tj ET Q q 0 0 0 rg BT 280.87 649.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 296.10 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.43 649.10 Td (other ) Tj ET Q q 0 0 0 rg BT 334.88 649.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 382.30 649.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 404.20 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.54 649.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 441.88 649.10 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 496.27 649.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.72 649.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 530.61 649.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 649.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.48 637.10 Td ($0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.98 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.12 637.10 Td (per ) Tj ET Q q 0 0 0 rg BT 103.04 637.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 133.96 637.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 160.71 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 175.51 637.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.31 637.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.31 637.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.96 637.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 268.53 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.46 637.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 315.93 637.10 Td (net ) Tj ET Q q 0 0 0 rg BT 331.29 637.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 350.00 637.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.59 637.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 418.51 637.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 463.31 637.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 511.99 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.92 637.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 540.52 637.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 637.10 Td ($2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 625.10 Td (, ) Tj ET Q q 0 0 0 rg BT 82.75 625.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.44 625.10 Td ($\(0.07\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.60 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.96 625.10 Td (per ) Tj ET Q q 0 0 0 rg BT 137.09 625.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 166.22 625.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 191.18 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.31 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.89 625.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 234.69 625.10 Td (year ) Tj ET Q q 0 0 0 rg BT 253.25 625.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 270.71 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.29 625.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 340.62 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.01 625.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 387.48 625.10 Td (net ) Tj ET Q q 0 0 0 rg BT 401.05 625.10 Td (income ) Tj ET Q q 0 0 0 rg BT 431.84 625.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 455.42 625.10 Td (from ) Tj ET Q q 0 0 0 rg BT 476.22 625.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 520.35 625.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 98.04 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.32 613.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 125.27 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.55 613.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 182.95 613.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.45 613.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 225.17 613.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 265.99 613.10 Td (at ) Tj ET Q q 0 0 0 rg BT 275.70 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.42 613.10 Td (end ) Tj ET Q q 0 0 0 rg BT 307.36 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.19 613.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 339.01 613.10 Td (7\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 592.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 592.10 Td (items ) Tj ET Q q 0 0 0 rg BT 133.60 592.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 179.97 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 195.80 592.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 248.84 592.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.32 592.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 339.35 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.51 592.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.66 592.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.66 592.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 577.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 577.10 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 163.38 577.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.21 577.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 194.21 577.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.32 577.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.32 577.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 267.24 577.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.52 577.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 297.52 577.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.64 577.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.14 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.41 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.13 577.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 373.07 577.10 Td (year;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 562.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 164.49 562.10 Td (income ) Tj ET Q q 0 0 0 rg BT 196.42 562.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.25 562.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 224.75 562.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.64 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 258.64 562.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 300.56 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.84 562.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 351.11 562.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 369.17 562.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 562.10 Td ($328 ) Tj ET Q q 0 0 0 rg BT 402.50 562.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.39 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.89 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.17 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.88 562.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 480.82 562.10 Td (year; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 547.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 547.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 160.26 547.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 200.18 547.10 Td (income ) Tj ET Q q 0 0 0 rg BT 231.76 547.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.25 547.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 259.40 547.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.29 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 292.94 547.10 Td (an ) Tj ET Q q 0 0 0 rg BT 304.53 547.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 339.44 547.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.92 547.10 Td ($15 ) Tj ET Q q 0 0 0 rg BT 367.07 547.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.96 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 400.62 547.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.10 547.10 Td (103%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.43 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.08 547.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 480.66 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.59 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.96 547.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 526.55 547.10 Td (year ) Tj ET Q q 0 0 0 rg BT 545.91 547.10 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.21 535.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 195.18 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.85 535.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 244.95 535.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 298.48 535.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 339.24 535.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.67 535.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 396.89 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.66 535.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 455.07 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.06 535.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 498.27 535.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 539.58 535.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.80 535.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 523.10 Td (end ) Tj ET Q q 0 0 0 rg BT 138.94 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.77 523.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 170.59 523.10 Td (7\); ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 508.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 138.96 508.10 Td (income ) Tj ET Q q 0 0 0 rg BT 170.92 508.10 Td (from ) Tj ET Q q 0 0 0 rg BT 192.88 508.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 238.18 508.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 282.36 508.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 330.42 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.73 508.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 357.70 508.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.56 508.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 381.08 508.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.97 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 415.00 508.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.85 508.10 Td ($0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.35 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 450.88 508.10 Td (per ) Tj ET Q q 0 0 0 rg BT 466.17 508.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 496.47 508.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 522.59 508.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.28 496.10 Td (net ) Tj ET Q q 0 0 0 rg BT 147.00 496.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 165.06 496.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.89 496.10 Td ($281 ) Tj ET Q q 0 0 0 rg BT 198.39 496.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.28 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.28 496.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.11 496.10 Td ($\(10.56\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.27 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.77 496.10 Td (per ) Tj ET Q q 0 0 0 rg BT 295.04 496.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 325.31 496.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 351.41 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.69 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.40 496.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 398.34 496.10 Td (year; ) Tj ET Q q 0 0 0 rg BT 420.83 496.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 481.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 481.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 160.67 481.10 Td (net ) Tj ET Q q 0 0 0 rg BT 175.44 481.10 Td (income ) Tj ET Q q 0 0 0 rg BT 207.43 481.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.43 481.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 274.76 481.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 318.97 481.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 367.07 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.40 481.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 394.41 481.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.30 481.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 422.86 481.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.75 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.81 481.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.70 481.10 Td ($0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.20 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.75 481.10 Td (per ) Tj ET Q q 0 0 0 rg BT 508.08 481.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 538.41 481.10 Td (share, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 469.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 163.55 469.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.46 469.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 208.91 469.10 Td (net ) Tj ET Q q 0 0 0 rg BT 223.26 469.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 240.95 469.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.40 469.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 263.53 469.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.42 469.10 Td (, ) Tj ET Q q 0 0 0 rg BT 297.05 469.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.51 469.10 Td ($\(0.07\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.67 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.80 469.10 Td (per ) Tj ET Q q 0 0 0 rg BT 353.69 469.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 383.59 469.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 409.32 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.23 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.57 469.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 455.14 469.10 Td (year ) Tj ET Q q 0 0 0 rg BT 474.47 469.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 492.70 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.04 469.10 Td (reconciliation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.99 457.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 170.23 457.10 Td (net ) Tj ET Q q 0 0 0 rg BT 184.57 457.10 Td (income ) Tj ET Q q 0 0 0 rg BT 216.13 457.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 240.49 457.10 Td (from ) Tj ET Q q 0 0 0 rg BT 262.05 457.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 306.96 457.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.74 457.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 398.41 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.31 457.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 424.89 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.80 457.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 482.21 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.34 457.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 523.68 457.10 Td (Measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 445.10 Td (at ) Tj ET Q q 0 0 0 rg BT 131.72 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.43 445.10 Td (end ) Tj ET Q q 0 0 0 rg BT 163.37 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.20 445.10 Td (Item7\); ) Tj ET Q q 0 0 0 rg BT 208.64 445.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 430.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 139.02 430.10 Td (income ) Tj ET Q q 0 0 0 rg BT 171.03 430.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 219.14 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.50 430.10 Td (SSI ) Tj ET Q q 0 0 0 rg BT 246.53 430.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.43 430.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 270.01 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.90 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.98 430.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.89 430.10 Td ($0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.39 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.96 430.10 Td (per ) Tj ET Q q 0 0 0 rg BT 355.31 430.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 385.66 430.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 411.84 430.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.84 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.19 430.10 Td (net ) Tj ET Q q 0 0 0 rg BT 478.99 430.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 497.13 430.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.03 430.10 Td ($281 ) Tj ET Q q 0 0 0 rg BT 530.61 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 418.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.83 418.10 Td ($\(10.56\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.99 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.49 418.10 Td (per ) Tj ET Q q 0 0 0 rg BT 184.76 418.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 215.03 418.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 241.13 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.41 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.13 418.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 288.06 418.10 Td (year) Tj ET Q q 0 0 0 rg BT 304.72 418.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 397.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 397.10 Td (items ) Tj ET Q q 0 0 0 rg BT 133.60 397.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 179.97 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 195.80 397.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 248.84 397.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 269.11 397.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 289.94 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.88 397.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 339.91 397.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 362.96 397.10 Td (information ) Tj ET Q q 0 0 0 rg BT 412.67 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.83 397.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.99 397.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.99 397.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 382.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 382.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 138.94 382.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 159.21 382.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 197.25 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.75 382.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 250.02 382.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 288.62 382.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.45 382.10 Td ($141 ) Tj ET Q q 0 0 0 rg BT 321.95 382.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.84 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 355.84 382.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 397.76 382.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.04 382.10 Td ($39 ) Tj ET Q q 0 0 0 rg BT 425.54 382.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.43 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.93 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.21 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.93 382.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 503.87 382.10 Td (year;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 367.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 367.10 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 146.40 367.10 Td (net ) Tj ET Q q 0 0 0 rg BT 161.08 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.87 367.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 194.59 367.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.38 367.10 Td ($294 ) Tj ET Q q 0 0 0 rg BT 227.84 367.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.74 367.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.70 367.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 303.58 367.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.82 367.10 Td ($368 ) Tj ET Q q 0 0 0 rg BT 336.28 367.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.17 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.63 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.42 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.21 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.89 367.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 425.78 367.10 Td (year) Tj ET Q q 0 0 0 rg BT 442.79 367.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 463.02 367.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 481.58 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.25 367.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 553.69 367.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 355.10 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 146.44 355.10 Td (net ) Tj ET Q q 0 0 0 rg BT 161.16 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.99 355.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 194.75 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.03 355.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 252.44 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.94 355.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 294.65 355.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 335.47 355.10 Td (at ) Tj ET Q q 0 0 0 rg BT 345.19 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.91 355.10 Td (end ) Tj ET Q q 0 0 0 rg BT 376.84 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.67 355.10 Td (Item7\); ) Tj ET Q q 0 0 0 rg BT 422.11 355.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 340.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 165.61 340.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 185.33 340.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.16 340.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 213.66 340.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.55 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.05 340.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 286.97 340.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.25 340.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 314.75 340.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.64 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.14 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.42 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.14 340.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 393.07 340.10 Td (year) Tj ET Q q 0 0 0 rg BT 409.73 340.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (The following items highlight the financial results for our operating segments for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.40 319.10 Td (August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.79 319.10 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 304.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 146.87 304.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 185.04 304.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.01 304.10 Td ($2.1 ) Tj ET Q q 0 0 0 rg BT 216.15 304.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.26 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.90 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.97 304.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.37 304.10 Td (income ) Tj ET Q q 0 0 0 rg BT 334.44 304.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.41 304.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 363.04 304.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.94 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 397.07 304.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 439.13 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.55 304.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 487.72 304.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.69 304.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 518.83 304.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.94 304.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.58 304.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 292.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.68 292.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 181.16 292.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.40 292.10 Td ($312 ) Tj ET Q q 0 0 0 rg BT 215.32 292.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.21 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.12 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.70 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.83 292.10 Td (year ) Tj ET Q q 0 0 0 rg BT 296.95 292.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 292.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 369.91 292.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.91 292.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.68 292.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 433.70 292.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 474.38 292.10 Td (income ) Tj ET Q q 0 0 0 rg BT 506.73 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.30 292.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 546.45 292.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 280.10 Td ($31 ) Tj ET Q q 0 0 0 rg BT 140.20 280.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.09 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.29 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.27 280.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.12 280.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.12 280.10 Td (, ) Tj ET Q q 0 0 0 rg BT 233.82 280.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 276.45 280.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.43 280.10 Td ($23 ) Tj ET Q q 0 0 0 rg BT 305.63 280.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.52 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.72 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.69 280.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.55 280.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.55 280.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.75 280.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 416.05 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.46 280.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 489.64 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.46 280.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 539.77 280.10 Td (MRB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 268.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.26 268.10 Td (income ) Tj ET Q q 0 0 0 rg BT 194.20 268.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 218.92 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.20 268.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 276.60 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.10 268.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 318.82 268.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 359.64 268.10 Td (at ) Tj ET Q q 0 0 0 rg BT 369.35 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.07 268.10 Td (end ) Tj ET Q q 0 0 0 rg BT 401.01 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.84 268.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 432.66 268.10 Td (7\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 253.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 253.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 143.63 253.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 181.35 253.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.86 253.10 Td ($328 ) Tj ET Q q 0 0 0 rg BT 214.04 253.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.93 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.11 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.73 253.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 301.67 253.10 Td (income ) Tj ET Q q 0 0 0 rg BT 333.28 253.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.79 253.10 Td ($21 ) Tj ET Q q 0 0 0 rg BT 360.97 253.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.86 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 394.54 253.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 436.14 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.10 253.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 483.82 253.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.33 253.10 Td ($313 ) Tj ET Q q 0 0 0 rg BT 516.51 253.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.40 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.58 253.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 241.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.26 241.10 Td (income ) Tj ET Q q 0 0 0 rg BT 194.20 241.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.03 241.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 222.53 241.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.42 241.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.92 241.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.08 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.80 241.10 Td (year ) Tj ET Q q 0 0 0 rg BT 302.50 241.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.33 241.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 374.72 241.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.72 241.10 Td (; ) Tj ET Q q 0 0 0 rg BT 400.00 241.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 145.20 226.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.82 226.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.23 226.10 Td ($389 ) Tj ET Q q 0 0 0 rg BT 215.31 226.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.20 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.28 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.80 226.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.64 226.10 Td (income ) Tj ET Q q 0 0 0 rg BT 334.16 226.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.57 226.10 Td ($19 ) Tj ET Q q 0 0 0 rg BT 361.65 226.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.54 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.12 226.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 436.62 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.48 226.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 484.10 226.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.51 226.10 Td ($352 ) Tj ET Q q 0 0 0 rg BT 516.59 226.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.48 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 226.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.26 214.10 Td (income ) Tj ET Q q 0 0 0 rg BT 194.20 214.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.03 214.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 217.53 214.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.42 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.92 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.08 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.80 214.10 Td (year ) Tj ET Q q 0 0 0 rg BT 297.50 214.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.33 214.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 369.72 214.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.72 214.10 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (27) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 83.61 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.44 742.25 Td (Operations) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 686.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 686.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 686.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 686.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 686.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 686.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 686.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 686.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 686.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 656.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 656.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 656.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 656.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 656.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 656.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 656.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 656.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 656.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 626.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 626.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 626.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 596.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 596.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 596.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 566.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 566.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 566.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.75 205.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 536.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 536.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 536.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 536.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 536.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 536.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 536.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 536.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 536.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 496.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 496.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 496.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 496.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 496.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 496.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 496.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 466.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 466.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 466.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 466.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 466.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 466.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 436.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 436.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 436.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 436.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 436.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 436.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 396.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 396.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 396.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 396.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 396.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 396.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 396.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 396.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 396.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 396.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 366.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 366.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 366.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 366.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 366.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 366.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 366.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.75 205.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 336.75 57.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 336.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 336.75 57.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 336.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 336.75 57.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 336.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 336.75 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 336.75 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 336.75 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 295.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 295.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 295.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 295.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 295.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 295.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 295.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 265.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 265.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 265.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 265.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 265.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 265.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 265.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 235.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 235.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 235.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 235.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 235.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 235.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 235.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 205.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 205.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 205.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 205.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 205.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 205.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 175.75 205.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 175.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 175.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 175.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 175.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 175.75 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 175.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 175.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 175.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 175.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 135.75 205.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 135.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 312.50 135.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 135.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 135.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 135.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 135.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 135.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 135.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 135.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 714.75 m 312.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 714.75 m 316.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 714.75 m 373.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 714.75 m 377.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 714.75 m 434.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 714.75 m 438.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 714.75 m 498.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 714.75 m 502.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 714.75 m 562.5 714.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 700.75 m 498.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 700.75 m 502.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 700.75 m 562.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 686.75 m 312.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 686.75 m 373.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 686.75 m 434.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 686.75 m 498.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 700.75 m 562.5 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 686.75 m 562.5 686.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 611.75 m 312.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 611.75 m 373.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 611.75 m 434.5 611.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 596.75 m 312.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 596.75 m 373.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 596.75 m 434.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 511.75 m 312.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 511.75 m 373.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 511.75 m 434.5 511.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 496.75 m 312.5 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 496.75 m 373.5 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 496.75 m 434.5 496.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 421.75 m 312.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 421.75 m 373.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 421.75 m 434.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 396.75 m 312.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 396.75 m 373.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 396.75 m 434.5 396.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 351.75 m 312.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 351.75 m 373.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 351.75 m 434.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 336.75 m 312.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 336.75 m 373.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 336.75 m 434.5 336.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 265.75 m 312.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 250.75 m 312.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 265.75 m 373.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 250.75 m 373.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 265.75 m 434.5 265.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 250.75 m 434.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 190.75 m 312.5 190.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 190.75 m 373.5 190.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 190.75 m 434.5 190.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 120.75 m 312.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 120.75 m 373.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 120.75 m 434.5 120.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 105.75 m 312.5 105.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 105.75 m 373.5 105.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 105.75 m 434.5 105.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 719.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.00 719.43 Td (For the Year Ended August31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 705.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.00 705.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 705.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.00 705.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 705.43 Td (% Increase/\(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 691.43 Td (\($ in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 691.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.50 691.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.50 691.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 691.43 Td (2014vs2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 691.43 Td (2013 vs 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 676.42 Td (Revenues:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 661.42 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 661.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 661.42 Td (2,102,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 661.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 661.42 Td (2,210,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 661.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 661.42 Td (2,948,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 661.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 661.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 661.42 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 661.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 646.42 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 646.42 Td (327,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 646.42 Td (313,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 646.42 Td (316,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 646.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 646.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 646.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 646.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 631.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 631.42 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 631.42 Td (352,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 631.42 Td (333,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 631.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 631.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 631.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 631.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 616.42 Td (Intercompany revenue eliminations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 212.62 620.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.80 616.47 Td (\(275,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 616.47 Td (\(254,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 616.47 Td (\(257,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 616.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 616.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 616.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 616.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 616.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 601.42 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 601.42 Td (2,543,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 601.42 Td (2,621,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 601.42 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 601.42 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 601.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 601.42 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 601.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.42 Td (Cost of goods sold:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 571.42 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 571.42 Td (1,989,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 571.42 Td (2,095,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 571.42 Td (2,780,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 571.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 571.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 571.42 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 571.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 556.42 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 556.42 Td (248,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 556.42 Td (233,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 556.42 Td (228,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 556.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 556.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 556.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 556.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 541.42 Td (362,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 541.42 Td (339,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 541.42 Td (328,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 541.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 541.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 541.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 541.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 526.42 Td (Intercompany cost of goods sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 516.42 Td (eliminations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.44 520.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.80 516.47 Td (\(275,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 516.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 516.47 Td (\(253,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 516.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 516.47 Td (\(258,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 516.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 516.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 516.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 516.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 516.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 501.42 Td (Total cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.60 501.42 Td (2,324,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 501.42 Td (2,415,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 501.42 Td (3,079,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 501.42 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 501.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 501.42 Td (\(22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 501.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.42 Td (Selling, general and administrative expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 471.42 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 471.42 Td (84,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 471.42 Td (93,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 471.42 Td (106,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 471.42 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 471.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 471.42 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 471.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 456.42 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 456.42 Td (57,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 456.42 Td (54,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 456.42 Td (54,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 456.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 456.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 456.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 456.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 441.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 441.42 Td (7,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 441.42 Td (6,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 441.42 Td (6,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 441.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 441.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 441.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 441.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 426.42 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.99 430.95 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 426.42 Td (41,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 426.42 Td (38,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 426.42 Td (37,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 426.42 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 426.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 426.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 426.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 411.42 Td (Total selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 401.42 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 401.42 Td (191,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 401.42 Td (193,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 401.42 Td (205,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 401.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 401.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 401.42 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 401.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.42 Td (Income from joint ventures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 371.42 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 371.47 Td (\(1,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 371.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 371.47 Td (\(1,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 371.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 371.47 Td (\(2,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 371.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 371.42 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 371.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 371.42 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 371.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 356.42 Td (Change in intercompany profit elimination) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 242.07 360.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.30 356.47 Td (\(60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 356.42 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 356.47 Td (\(165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 356.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 356.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 356.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 341.42 Td (Total income from joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 341.47 Td (\(1,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 341.47 Td (\(1,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 341.47 Td (\(2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 341.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 341.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 341.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 341.42 Td (\(55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 341.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.42 Td (Goodwill impairment charge - Metals Recycling) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 315.42 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 315.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 315.42 Td (321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 315.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 315.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 315.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 300.42 Td (Other asset impairment charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 285.42 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 285.42 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 285.42 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 285.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 285.42 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 285.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 285.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 270.42 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 270.42 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 270.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 270.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 270.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 270.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 255.42 Td (Total other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 255.42 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 255.42 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 255.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 255.42 Td (\(89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 255.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 255.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 240.42 Td (Operating income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 225.42 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 225.42 Td (30,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 225.47 Td (\(311,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 225.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 225.42 Td (63,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 225.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 225.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 210.42 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 210.42 Td (21,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 210.42 Td (24,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 210.42 Td (33,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 210.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 210.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 210.42 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 210.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 195.42 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 195.42 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 195.42 Td (6,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 195.47 Td (\(2,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 195.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 195.42 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 195.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 195.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 180.42 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 180.42 Td (70,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 180.47 Td (\(280,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 180.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 180.42 Td (95,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 180.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 180.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 165.42 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 144.96 165.42 Td (ges and other exit related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 155.42 Td (costs) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 100.00 159.95 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.80 155.47 Td (\(6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 155.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 155.47 Td (\(7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 155.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 155.47 Td (\(5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 155.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 155.42 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 155.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 155.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 155.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 140.42 Td (Corporate expense) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.69 144.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 140.47 Td (\(42,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 140.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 140.47 Td (\(38,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 140.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 140.47 Td (\(37,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 140.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 140.42 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 140.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 140.42 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 140.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 125.42 Td (Change in intercompany profit elimination) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 242.07 129.95 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.30 125.47 Td (\(241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 125.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.30 125.47 Td (\(664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 125.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 125.42 Td (1,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 125.42 Td (\(64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 125.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 125.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 110.42 Td (Total operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 110.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 110.42 Td (20,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.00 110.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.80 110.47 Td (\(327,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 110.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 110.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 110.42 Td (53,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 110.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 110.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 96.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 81.05 Td (NM = Not Meaningful) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 71.45 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 71.45 Td (MRB ) Tj ET Q q 0 0 0 rg BT 87.10 71.45 Td (sells ) Tj ET Q q 0 0 0 rg BT 102.64 71.45 Td (recycled ) Tj ET Q q 0 0 0 rg BT 131.05 71.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 155.02 71.45 Td (metal ) Tj ET Q q 0 0 0 rg BT 174.11 71.45 Td (to ) Tj ET Q q 0 0 0 rg BT 181.65 71.45 Td (SMB ) Tj ET Q q 0 0 0 rg BT 199.87 71.45 Td (at ) Tj ET Q q 0 0 0 rg BT 206.96 71.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 223.38 71.45 Td (per ) Tj ET Q q 0 0 0 rg BT 234.91 71.45 Td (ton ) Tj ET Q q 0 0 0 rg BT 246.45 71.45 Td (that ) Tj ET Q q 0 0 0 rg BT 259.76 71.45 Td (approximate ) Tj ET Q q 0 0 0 rg BT 300.97 71.45 Td (W) Tj ET Q q 0 0 0 rg BT 307.88 71.45 Td (est ) Tj ET Q q 0 0 0 rg BT 318.08 71.45 Td (Coast ) Tj ET Q q 0 0 0 rg BT 337.62 71.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 353.17 71.45 Td (export ) Tj ET Q q 0 0 0 rg BT 374.92 71.45 Td (market ) Tj ET Q q 0 0 0 rg BT 398.45 71.45 Td (prices. ) Tj ET Q q 0 0 0 rg BT 420.87 71.45 Td (In ) Tj ET Q q 0 0 0 rg BT 428.85 71.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 458.10 71.45 Td (APB ) Tj ET Q q 0 0 0 rg BT 474.98 71.45 Td (sells ) Tj ET Q q 0 0 0 rg BT 490.52 71.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 514.49 71.45 Td (and ) Tj ET Q q 0 0 0 rg BT 527.36 71.45 Td (nonferrous ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 61.85 Td (material ) Tj ET Q q 0 0 0 rg BT 96.21 61.85 Td (to ) Tj ET Q q 0 0 0 rg BT 104.43 61.85 Td (MRB ) Tj ET Q q 0 0 0 rg BT 124.21 61.85 Td (at ) Tj ET Q q 0 0 0 rg BT 131.99 61.85 Td (prices ) Tj ET Q q 0 0 0 rg BT 153.09 61.85 Td (that ) Tj ET Q q 0 0 0 rg BT 167.09 61.85 Td (approximate ) Tj ET Q q 0 0 0 rg BT 209.07 61.85 Td (local ) Tj ET Q q 0 0 0 rg BT 226.62 61.85 Td (market ) Tj ET Q q 0 0 0 rg BT 250.83 61.85 Td (rates. ) Tj ET Q q 0 0 0 rg BT 269.79 61.85 Td (These ) Tj ET Q q 0 0 0 rg BT 290.89 61.85 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 336.87 61.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 367.30 61.85 Td (and ) Tj ET Q q 0 0 0 rg BT 380.85 61.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 398.85 61.85 Td (of ) Tj ET Q q 0 0 0 rg BT 407.52 61.85 Td (goods ) Tj ET Q q 0 0 0 rg BT 428.63 61.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 443.96 61.85 Td (are ) Tj ET Q q 0 0 0 rg BT 455.73 61.85 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 491.50 61.85 Td (in ) Tj ET Q q 0 0 0 rg BT 499.72 61.85 Td (consolidation.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (28) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 743.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 102.31 743.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 130.40 743.50 Td (consists ) Tj ET Q q 0 0 0 rg BT 158.06 743.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 190.15 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 199.14 743.50 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 238.33 743.50 Td (expenses ) Tj ET Q q 0 0 0 rg BT 269.54 743.50 Td (for ) Tj ET Q q 0 0 0 rg BT 281.19 743.50 Td (services ) Tj ET Q q 0 0 0 rg BT 309.28 743.50 Td (that ) Tj ET Q q 0 0 0 rg BT 323.60 743.50 Td (benefit ) Tj ET Q q 0 0 0 rg BT 348.13 743.50 Td (all ) Tj ET Q q 0 0 0 rg BT 358.45 743.50 Td (three ) Tj ET Q q 0 0 0 rg BT 376.76 743.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 408.41 743.50 Td (segments. ) Tj ET Q q 0 0 0 rg BT 441.99 743.50 Td (As ) Tj ET Q q 0 0 0 rg BT 453.21 743.50 Td (a ) Tj ET Q q 0 0 0 rg BT 459.08 743.50 Td (consequence ) Tj ET Q q 0 0 0 rg BT 502.27 743.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.26 743.50 Td (this ) Tj ET Q q 0 0 0 rg BT 525.14 743.50 Td (unallocated ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 733.90 Td (expense, ) Tj ET Q q 0 0 0 rg BT 97.77 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 109.54 733.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 141.75 733.90 Td (income ) Tj ET Q q 0 0 0 rg BT 167.30 733.90 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 187.07 733.90 Td (of ) Tj ET Q q 0 0 0 rg BT 195.74 733.90 Td (each ) Tj ET Q q 0 0 0 rg BT 212.39 733.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 241.05 733.90 Td (does ) Tj ET Q q 0 0 0 rg BT 257.71 733.90 Td (not ) Tj ET Q q 0 0 0 rg BT 269.94 733.90 Td (reflect ) Tj ET Q q 0 0 0 rg BT 292.36 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 304.14 733.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 336.35 733.90 Td (income ) Tj ET Q q 0 0 0 rg BT 361.89 733.90 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 381.67 733.90 Td (the ) Tj ET Q q 0 0 0 rg BT 393.45 733.90 Td (segment ) Tj ET Q q 0 0 0 rg BT 422.11 733.90 Td (would ) Tj ET Q q 0 0 0 rg BT 444.11 733.90 Td (report ) Tj ET Q q 0 0 0 rg BT 465.21 733.90 Td (as ) Tj ET Q q 0 0 0 rg BT 473.87 733.90 Td (a ) Tj ET Q q 0 0 0 rg BT 479.42 733.90 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 518.30 733.90 Td (business.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 721.30 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 721.30 Td (The ) Tj ET Q q 0 0 0 rg BT 82.35 721.30 Td (joint ) Tj ET Q q 0 0 0 rg BT 98.92 721.30 Td (ventures ) Tj ET Q q 0 0 0 rg BT 127.93 721.30 Td (sell ) Tj ET Q q 0 0 0 rg BT 140.95 721.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 169.95 721.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 189.63 721.30 Td (to ) Tj ET Q q 0 0 0 rg BT 197.76 721.30 Td (MRB ) Tj ET Q q 0 0 0 rg BT 217.45 721.30 Td (at ) Tj ET Q q 0 0 0 rg BT 225.13 721.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 246.14 721.30 Td (that ) Tj ET Q q 0 0 0 rg BT 260.04 721.30 Td (approximate ) Tj ET Q q 0 0 0 rg BT 301.94 721.30 Td (local ) Tj ET Q q 0 0 0 rg BT 319.39 721.30 Td (market ) Tj ET Q q 0 0 0 rg BT 343.51 721.30 Td (rates, ) Tj ET Q q 0 0 0 rg BT 362.52 721.30 Td (which ) Tj ET Q q 0 0 0 rg BT 383.98 721.30 Td (produces ) Tj ET Q q 0 0 0 rg BT 414.77 721.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 460.66 721.30 Td (profit. ) Tj ET Q q 0 0 0 rg BT 482.20 721.30 Td (This ) Tj ET Q q 0 0 0 rg BT 498.33 721.30 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 544.23 721.30 Td (profit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 711.70 Td (is ) Tj ET Q q 0 0 0 rg BT 75.34 711.70 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 111.10 711.70 Td (while ) Tj ET Q q 0 0 0 rg BT 130.88 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.65 711.70 Td (products ) Tj ET Q q 0 0 0 rg BT 172.20 711.70 Td (remain ) Tj ET Q q 0 0 0 rg BT 196.41 711.70 Td (in ) Tj ET Q q 0 0 0 rg BT 204.63 711.70 Td (inventory ) Tj ET Q q 0 0 0 rg BT 237.29 711.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.84 711.70 Td (is ) Tj ET Q q 0 0 0 rg BT 258.18 711.70 Td (not ) Tj ET Q q 0 0 0 rg BT 270.40 711.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 307.49 711.70 Td (until ) Tj ET Q q 0 0 0 rg BT 324.16 711.70 Td (the ) Tj ET Q q 0 0 0 rg BT 335.93 711.70 Td (finished ) Tj ET Q q 0 0 0 rg BT 363.71 711.70 Td (products ) Tj ET Q q 0 0 0 rg BT 393.26 711.70 Td (are ) Tj ET Q q 0 0 0 rg BT 405.02 711.70 Td (sold ) Tj ET Q q 0 0 0 rg BT 420.36 711.70 Td (to ) Tj ET Q q 0 0 0 rg BT 428.58 711.70 Td (third ) Tj ET Q q 0 0 0 rg BT 445.69 711.70 Td (parties.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 699.10 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 699.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 112.72 699.10 Td (char) Tj ET Q q 0 0 0 rg BT 126.34 699.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 138.17 699.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 161.57 699.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.40 699.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 196.34 699.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.84 699.10 Td (severance, ) Tj ET Q q 0 0 0 rg BT 241.54 699.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 268.47 699.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 306.52 699.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.24 699.10 Td (other ) Tj ET Q q 0 0 0 rg BT 336.85 699.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 378.90 699.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 396.07 699.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.24 699.10 Td (management ) Tj ET Q q 0 0 0 rg BT 451.28 699.10 Td (does ) Tj ET Q q 0 0 0 rg BT 467.11 699.10 Td (not ) Tj ET Q q 0 0 0 rg BT 478.51 699.10 Td (include ) Tj ET Q q 0 0 0 rg BT 503.22 699.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.62 699.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.35 699.10 Td (measurement ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 76.66 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.44 689.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 130.86 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 139.52 689.50 Td (the ) Tj ET Q q 0 0 0 rg BT 151.29 689.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 183.50 689.50 Td (segments. ) Tj ET Q q 0 0 0 rg BT 217.28 689.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 237.49 689.50 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 275.91 689.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 293.91 689.50 Td (consist ) Tj ET Q q 0 0 0 rg BT 318.14 689.50 Td (of ) Tj ET Q q 0 0 0 rg BT 326.80 689.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 344.35 689.50 Td (impairments ) Tj ET Q q 0 0 0 rg BT 386.34 689.50 Td (related ) Tj ET Q q 0 0 0 rg BT 410.11 689.50 Td (to ) Tj ET Q q 0 0 0 rg BT 418.33 689.50 Td (site ) Tj ET Q q 0 0 0 rg BT 431.44 689.50 Td (closures.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 676.90 Td (\(5\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 676.90 Td (Intercompany ) Tj ET Q q 0 0 0 rg BT 114.38 676.90 Td (profits ) Tj ET Q q 0 0 0 rg BT 137.22 676.90 Td (are ) Tj ET Q q 0 0 0 rg BT 148.94 676.90 Td (not ) Tj ET Q q 0 0 0 rg BT 161.12 676.90 Td (recognized ) Tj ET Q q 0 0 0 rg BT 198.16 676.90 Td (until ) Tj ET Q q 0 0 0 rg BT 214.78 676.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.51 676.90 Td (finished ) Tj ET Q q 0 0 0 rg BT 254.24 676.90 Td (products ) Tj ET Q q 0 0 0 rg BT 283.74 676.90 Td (are ) Tj ET Q q 0 0 0 rg BT 295.46 676.90 Td (sold ) Tj ET Q q 0 0 0 rg BT 310.75 676.90 Td (to ) Tj ET Q q 0 0 0 rg BT 318.93 676.90 Td (third ) Tj ET Q q 0 0 0 rg BT 335.99 676.90 Td (parties; ) Tj ET Q q 0 0 0 rg BT 361.49 676.90 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 394.32 676.90 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 440.25 676.90 Td (profit ) Tj ET Q q 0 0 0 rg BT 459.98 676.90 Td (is ) Tj ET Q q 0 0 0 rg BT 467.27 676.90 Td (eliminated ) Tj ET Q q 0 0 0 rg BT 502.99 676.90 Td (while ) Tj ET Q q 0 0 0 rg BT 522.72 676.90 Td (the ) Tj ET Q q 0 0 0 rg BT 534.45 676.90 Td (products ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 667.30 Td (remain ) Tj ET Q q 0 0 0 rg BT 92.21 667.30 Td (in ) Tj ET Q q 0 0 0 rg BT 100.43 667.30 Td (inventory) Tj ET Q q 0 0 0 rg BT 130.57 667.30 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 643.30 Td (Revenues) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 623.9669921875 m 77.4951171875 623.9669921875 l s q 0 0 0 rg BT 50.00 625.30 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 623.9669921875 m 97.4951171875 623.9669921875 l s q 0 0 0 rg BT 77.50 625.30 Td (2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 623.9669921875 m 186.005859375 623.9669921875 l s q 0 0 0 rg BT 97.50 625.30 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 625.30 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 623.9669921875 m 206.005859375 623.9669921875 l s q 0 0 0 rg BT 186.01 625.30 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 625.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.72 607.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 142.20 607.30 Td (for ) Tj ET Q q 0 0 0 rg BT 155.80 607.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.40 607.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.40 607.30 Td ( ) Tj ET Q q 0 0 0 rg BT 201.34 607.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 242.70 607.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 281.86 607.30 Td (due ) Tj ET Q q 0 0 0 rg BT 298.24 607.30 Td (to ) Tj ET Q q 0 0 0 rg BT 307.96 607.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 332.67 607.30 Td (average ) Tj ET Q q 0 0 0 rg BT 365.70 607.30 Td (net ) Tj ET Q q 0 0 0 rg BT 379.86 607.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 408.47 607.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 434.29 607.30 Td (for ) Tj ET Q q 0 0 0 rg BT 447.89 607.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 478.15 607.30 Td (and ) Tj ET Q q 0 0 0 rg BT 494.54 607.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 539.80 607.30 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.30 Td (and ) Tj ET Q q 0 0 0 rg BT 67.46 595.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 102.13 595.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 124.59 595.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 161.50 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 172.85 595.30 Td (export ) Tj ET Q q 0 0 0 rg BT 201.42 595.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 232.76 595.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 257.99 595.30 Td (as ) Tj ET Q q 0 0 0 rg BT 269.34 595.30 Td (a ) Tj ET Q q 0 0 0 rg BT 276.80 595.30 Td (result ) Tj ET Q q 0 0 0 rg BT 302.04 595.30 Td (of ) Tj ET Q q 0 0 0 rg BT 313.39 595.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 355.85 595.30 Td (weak ) Tj ET Q q 0 0 0 rg BT 379.97 595.30 Td (economic ) Tj ET Q q 0 0 0 rg BT 421.86 595.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 466.55 595.30 Td (globally ) Tj ET Q q 0 0 0 rg BT 502.34 595.30 Td (that ) Tj ET Q q 0 0 0 rg BT 520.36 595.30 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.30 Td (impacted ) Tj ET Q q 0 0 0 rg BT 89.73 583.30 Td (export ) Tj ET Q q 0 0 0 rg BT 118.35 583.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 153.09 583.30 Td (for ) Tj ET Q q 0 0 0 rg BT 167.83 583.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 204.77 583.30 Td (metal, ) Tj ET Q q 0 0 0 rg BT 232.56 583.30 Td (which ) Tj ET Q q 0 0 0 rg BT 260.08 583.30 Td (was ) Tj ET Q q 0 0 0 rg BT 278.71 583.30 Td (only ) Tj ET Q q 0 0 0 rg BT 299.56 583.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 335.96 583.30 Td (of) Tj ET Q q 0 0 0 rg BT 344.11 583.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 361.63 583.30 Td (by ) Tj ET Q q 0 0 0 rg BT 374.71 583.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 403.33 583.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 440.30 583.30 Td (for ) Tj ET Q q 0 0 0 rg BT 455.04 583.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 494.22 583.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 516.74 583.30 Td (of ) Tj ET Q q 0 0 0 rg BT 528.14 583.30 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.88 571.30 Td (metal, ) Tj ET Q q 0 0 0 rg BT 108.16 571.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 154.04 571.30 Td (metal, ) Tj ET Q q 0 0 0 rg BT 181.31 571.30 Td (and ) Tj ET Q q 0 0 0 rg BT 198.32 571.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 233.09 571.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 253.98 571.30 Td (products. ) Tj ET Q q 0 0 0 rg BT 293.48 571.30 Td (Export ) Tj ET Q q 0 0 0 rg BT 323.26 571.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 352.49 571.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 378.93 571.30 Td (of ) Tj ET Q q 0 0 0 rg BT 389.82 571.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 426.25 571.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 457.13 571.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 481.90 571.30 Td (declined ) Tj ET Q q 0 0 0 rg BT 518.34 571.30 Td (sharply ) Tj ET Q q 0 0 0 rg BT 550.34 571.30 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.30 Td (shipments ) Tj ET Q q 0 0 0 rg BT 93.33 559.30 Td (in ) Tj ET Q q 0 0 0 rg BT 103.88 559.30 Td (the ) Tj ET Q q 0 0 0 rg BT 118.88 559.30 Td (middle ) Tj ET Q q 0 0 0 rg BT 149.42 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 160.53 559.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.96 559.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.96 559.30 Td ( ) Tj ET Q q 0 0 0 rg BT 207.73 559.30 Td (as ) Tj ET Q q 0 0 0 rg BT 218.84 559.30 Td (a ) Tj ET Q q 0 0 0 rg BT 226.05 559.30 Td (result ) Tj ET Q q 0 0 0 rg BT 251.04 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 262.15 559.30 Td (weaker ) Tj ET Q q 0 0 0 rg BT 293.79 559.30 Td (global ) Tj ET Q q 0 0 0 rg BT 321.56 559.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 355.99 559.30 Td (and ) Tj ET Q q 0 0 0 rg BT 373.21 559.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.20 559.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 418.18 559.30 Td (of ) Tj ET Q q 0 0 0 rg BT 429.29 559.30 Td (severe ) Tj ET Q q 0 0 0 rg BT 457.60 559.30 Td (winter ) Tj ET Q q 0 0 0 rg BT 485.92 559.30 Td (weather ) Tj ET Q q 0 0 0 rg BT 520.34 559.30 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.30 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 547.30 Td (the ) Tj ET Q q 0 0 0 rg BT 76.22 547.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 114.32 547.30 Td (markets, ) Tj ET Q q 0 0 0 rg BT 150.48 547.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 185.80 547.30 Td (of) Tj ET Q q 0 0 0 rg BT 193.95 547.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 210.39 547.30 Td (by ) Tj ET Q q 0 0 0 rg BT 222.39 547.30 Td (a ) Tj ET Q q 0 0 0 rg BT 228.83 547.30 Td (modest ) Tj ET Q q 0 0 0 rg BT 259.72 547.30 Td (recovery ) Tj ET Q q 0 0 0 rg BT 296.69 547.30 Td (in ) Tj ET Q q 0 0 0 rg BT 306.47 547.30 Td (export ) Tj ET Q q 0 0 0 rg BT 334.02 547.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 362.69 547.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 388.57 547.30 Td (for ) Tj ET Q q 0 0 0 rg BT 402.23 547.30 Td (shipments ) Tj ET Q q 0 0 0 rg BT 444.78 547.30 Td (near ) Tj ET Q q 0 0 0 rg BT 463.99 547.30 Td (the ) Tj ET Q q 0 0 0 rg BT 478.21 547.30 Td (end ) Tj ET Q q 0 0 0 rg BT 494.65 547.30 Td (of ) Tj ET Q q 0 0 0 rg BT 504.98 547.30 Td (the ) Tj ET Q q 0 0 0 rg BT 519.20 547.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.85 547.30 Td (year) Tj ET Q q 0 0 0 rg BT 559.51 547.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.30 Td (Lower ) Tj ET Q q 0 0 0 rg BT 78.50 535.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 100.35 535.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 136.64 535.30 Td (were ) Tj ET Q q 0 0 0 rg BT 158.48 535.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 198.10 535.30 Td (due ) Tj ET Q q 0 0 0 rg BT 214.94 535.30 Td (to ) Tj ET Q q 0 0 0 rg BT 225.13 535.30 Td (a ) Tj ET Q q 0 0 0 rg BT 231.97 535.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 284.37 535.30 Td (of ) Tj ET Q q 0 0 0 rg BT 295.10 535.30 Td (weaker ) Tj ET Q q 0 0 0 rg BT 326.38 535.30 Td (export ) Tj ET Q q 0 0 0 rg BT 354.33 535.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 388.39 535.30 Td (and ) Tj ET Q q 0 0 0 rg BT 405.24 535.30 Td (competition ) Tj ET Q q 0 0 0 rg BT 455.41 535.30 Td (for ) Tj ET Q q 0 0 0 rg BT 469.48 535.30 Td (available ) Tj ET Q q 0 0 0 rg BT 507.97 535.30 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.37 535.30 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.30 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 523.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 118.87 523.30 Td (to ) Tj ET Q q 0 0 0 rg BT 129.15 523.30 Td (adversely ) Tj ET Q q 0 0 0 rg BT 169.97 523.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 199.68 523.30 Td (supply) Tj ET Q q 0 0 0 rg BT 225.70 523.30 Td (, ) Tj ET Q q 0 0 0 rg BT 230.70 523.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 270.41 523.30 Td (in ) Tj ET Q q 0 0 0 rg BT 280.69 523.30 Td (the ) Tj ET Q q 0 0 0 rg BT 295.41 523.30 Td (Metals ) Tj ET Q q 0 0 0 rg BT 325.12 523.30 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 368.16 523.30 Td (Business.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 503.9669921875 m 77.4951171875 503.9669921875 l s q 0 0 0 rg BT 50.00 505.30 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 503.9669921875 m 97.4951171875 503.9669921875 l s q 0 0 0 rg BT 77.50 505.30 Td (2013) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 503.9669921875 m 186.005859375 503.9669921875 l s q 0 0 0 rg BT 97.50 505.30 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 505.30 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 505.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 505.30 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 505.30 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 503.9669921875 m 206.005859375 503.9669921875 l s q 0 0 0 rg BT 186.01 505.30 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 505.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.89 487.30 Td (revenues ) Tj ET Q q 0 0 0 rg BT 144.54 487.30 Td (for ) Tj ET Q q 0 0 0 rg BT 159.32 487.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 184.09 487.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 207.20 487.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 249.73 487.30 Td (due ) Tj ET Q q 0 0 0 rg BT 267.29 487.30 Td (to ) Tj ET Q q 0 0 0 rg BT 278.18 487.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 304.06 487.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 326.62 487.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 363.62 487.30 Td (and ) Tj ET Q q 0 0 0 rg BT 381.17 487.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 407.06 487.30 Td (average ) Tj ET Q q 0 0 0 rg BT 441.25 487.30 Td (net ) Tj ET Q q 0 0 0 rg BT 456.59 487.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 486.37 487.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.36 487.30 Td (for ) Tj ET Q q 0 0 0 rg BT 528.13 487.30 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 79.71 475.30 Td (metal. ) Tj ET Q q 0 0 0 rg BT 105.81 475.30 Td (During ) Tj ET Q q 0 0 0 rg BT 135.52 475.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 158.56 475.30 Td (2013, ) Tj ET Q q 0 0 0 rg BT 182.45 475.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 215.49 475.30 Td (for ) Tj ET Q q 0 0 0 rg BT 228.54 475.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 263.79 475.30 Td (scrap ) Tj ET Q q 0 0 0 rg BT 286.27 475.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 309.87 475.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 350.69 475.30 Td (to ) Tj ET Q q 0 0 0 rg BT 359.86 475.30 Td (soften ) Tj ET Q q 0 0 0 rg BT 385.68 475.30 Td (due ) Tj ET Q q 0 0 0 rg BT 401.51 475.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 440.11 475.30 Td (to ) Tj ET Q q 0 0 0 rg BT 449.27 475.30 Td (weak ) Tj ET Q q 0 0 0 rg BT 471.76 475.30 Td (global ) Tj ET Q q 0 0 0 rg BT 498.14 475.30 Td (macroeconomic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.30 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 96.83 463.30 Td (which ) Tj ET Q q 0 0 0 rg BT 123.93 463.30 Td (led ) Tj ET Q q 0 0 0 rg BT 138.81 463.30 Td (to ) Tj ET Q q 0 0 0 rg BT 149.25 463.30 Td (a ) Tj ET Q q 0 0 0 rg BT 156.35 463.30 Td (decline ) Tj ET Q q 0 0 0 rg BT 187.89 463.30 Td (in ) Tj ET Q q 0 0 0 rg BT 198.33 463.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 227.66 463.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 254.20 463.30 Td (as ) Tj ET Q q 0 0 0 rg BT 265.20 463.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 307.28 463.30 Td (to ) Tj ET Q q 0 0 0 rg BT 317.72 463.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 342.04 463.30 Td (2012. ) Tj ET Q q 0 0 0 rg BT 367.21 463.30 Td (Selling ) Tj ET Q q 0 0 0 rg BT 398.21 463.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 424.75 463.30 Td (of ) Tj ET Q q 0 0 0 rg BT 435.74 463.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 472.27 463.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 503.25 463.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 528.13 463.30 Td (declined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.30 Td (sharply ) Tj ET Q q 0 0 0 rg BT 81.53 451.30 Td (at ) Tj ET Q q 0 0 0 rg BT 90.84 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 105.16 451.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 147.25 451.30 Td (of ) Tj ET Q q 0 0 0 rg BT 157.67 451.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 181.42 451.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 203.52 451.30 Td (and, ) Tj ET Q q 0 0 0 rg BT 222.55 451.30 Td (after ) Tj ET Q q 0 0 0 rg BT 242.96 451.30 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 296.69 451.30 Td (a ) Tj ET Q q 0 0 0 rg BT 303.23 451.30 Td (slight ) Tj ET Q q 0 0 0 rg BT 327.55 451.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 362.40 451.30 Td (in ) Tj ET Q q 0 0 0 rg BT 372.27 451.30 Td (the ) Tj ET Q q 0 0 0 rg BT 386.58 451.30 Td (second ) Tj ET Q q 0 0 0 rg BT 416.45 451.30 Td (quarter) Tj ET Q q 0 0 0 rg BT 444.36 451.30 Td (, ) Tj ET Q q 0 0 0 rg BT 448.96 451.30 Td (steadily ) Tj ET Q q 0 0 0 rg BT 482.15 451.30 Td (declined ) Tj ET Q q 0 0 0 rg BT 518.12 451.30 Td (throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.68 439.30 Td (remainder ) Tj ET Q q 0 0 0 rg BT 107.68 439.30 Td (of ) Tj ET Q q 0 0 0 rg BT 118.48 439.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 142.60 439.30 Td (2013. ) Tj ET Q q 0 0 0 rg BT 167.57 439.30 Td (In ) Tj ET Q q 0 0 0 rg BT 178.37 439.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 216.11 439.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.79 439.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 256.03 439.30 Td (price ) Tj ET Q q 0 0 0 rg BT 278.48 439.30 Td (environment ) Tj ET Q q 0 0 0 rg BT 331.49 439.30 Td (adversely ) Tj ET Q q 0 0 0 rg BT 372.27 439.30 Td (impacted ) Tj ET Q q 0 0 0 rg BT 411.39 439.30 Td (the ) Tj ET Q q 0 0 0 rg BT 426.08 439.30 Td (supply ) Tj ET Q q 0 0 0 rg BT 455.21 439.30 Td (of ) Tj ET Q q 0 0 0 rg BT 466.01 439.30 Td (raw ) Tj ET Q q 0 0 0 rg BT 483.47 439.30 Td (materials ) Tj ET Q q 0 0 0 rg BT 522.58 439.30 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.30 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 427.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.43 427.30 Td (2012, ) Tj ET Q q 0 0 0 rg BT 109.43 427.30 Td (which ) Tj ET Q q 0 0 0 rg BT 136.37 427.30 Td (contributed ) Tj ET Q q 0 0 0 rg BT 184.41 427.30 Td (to ) Tj ET Q q 0 0 0 rg BT 194.69 427.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.41 427.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 234.68 427.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 256.62 427.30 Td (volumes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 409.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.17 409.30 Td (Income ) Tj ET Q q 0 0 0 rg BT 127.78 409.30 Td (\(Loss\)) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 389.9669921875 m 77.4951171875 389.9669921875 l s q 0 0 0 rg BT 50.00 391.30 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 389.9669921875 m 97.4951171875 389.9669921875 l s q 0 0 0 rg BT 77.50 391.30 Td (2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 389.9669921875 m 186.005859375 389.9669921875 l s q 0 0 0 rg BT 97.50 391.30 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 391.30 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 391.30 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 391.30 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 391.30 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 389.9669921875 m 206.005859375 389.9669921875 l s q 0 0 0 rg BT 186.01 391.30 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 391.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.26 373.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 145.52 373.30 Td (income ) Tj ET Q q 0 0 0 rg BT 177.44 373.30 Td (in ) Tj ET Q q 0 0 0 rg BT 187.71 373.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.85 373.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.85 373.30 Td ( ) Tj ET Q q 0 0 0 rg BT 234.34 373.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.38 373.30 Td ($20 ) Tj ET Q q 0 0 0 rg BT 269.87 373.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.76 373.30 Td (, ) Tj ET Q q 0 0 0 rg BT 303.75 373.30 Td (which ) Tj ET Q q 0 0 0 rg BT 330.68 373.30 Td (included ) Tj ET Q q 0 0 0 rg BT 367.60 373.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 421.18 373.30 Td (char) Tj ET Q q 0 0 0 rg BT 438.21 373.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 454.03 373.30 Td (and ) Tj ET Q q 0 0 0 rg BT 470.96 373.30 Td (other ) Tj ET Q q 0 0 0 rg BT 493.99 373.30 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 542.01 373.30 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.78 361.30 Td ($7 ) Tj ET Q q 0 0 0 rg BT 73.23 361.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.12 361.30 Td ( ) Tj ET Q q 0 0 0 rg BT 104.57 361.30 Td (and ) Tj ET Q q 0 0 0 rg BT 121.46 361.30 Td (other ) Tj ET Q q 0 0 0 rg BT 144.46 361.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 166.35 361.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 214.90 361.30 Td (char) Tj ET Q q 0 0 0 rg BT 231.92 361.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 247.70 361.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.48 361.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 270.93 361.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.82 361.30 Td (, ) Tj ET Q q 0 0 0 rg BT 304.77 361.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 346.65 361.30 Td (to ) Tj ET Q q 0 0 0 rg BT 356.88 361.30 Td (a ) Tj ET Q q 0 0 0 rg BT 363.77 361.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 416.76 361.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 456.97 361.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.98 361.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.76 361.30 Td ($328 ) Tj ET Q q 0 0 0 rg BT 508.21 361.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.11 361.30 Td ( ) Tj ET Q q 0 0 0 rg BT 539.56 361.30 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 361.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 72.72 349.30 Td (year) Tj ET Q q 0 0 0 rg BT 89.52 349.30 Td (, ) Tj ET Q q 0 0 0 rg BT 95.30 349.30 Td (which ) Tj ET Q q 0 0 0 rg BT 123.02 349.30 Td (included ) Tj ET Q q 0 0 0 rg BT 160.73 349.30 Td (a ) Tj ET Q q 0 0 0 rg BT 168.44 349.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 207.28 349.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 256.66 349.30 Td (char) Tj ET Q q 0 0 0 rg BT 273.68 349.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 286.40 349.30 Td (of ) Tj ET Q q 0 0 0 rg BT 298.01 349.30 Td ($321 ) Tj ET Q q 0 0 0 rg BT 321.28 349.30 Td (million, ) Tj ET Q q 0 0 0 rg BT 355.95 349.30 Td (other ) Tj ET Q q 0 0 0 rg BT 379.78 349.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 402.49 349.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 451.87 349.30 Td (char) Tj ET Q q 0 0 0 rg BT 468.90 349.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 485.51 349.30 Td (of ) Tj ET Q q 0 0 0 rg BT 497.11 349.30 Td ($13 ) Tj ET Q q 0 0 0 rg BT 515.39 349.30 Td (million ) Tj ET Q q 0 0 0 rg BT 547.56 349.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.30 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.91 337.30 Td (char) Tj ET Q q 0 0 0 rg BT 120.94 337.30 Td (ges ) Tj ET Q q 0 0 0 rg BT 137.08 337.30 Td (of ) Tj ET Q q 0 0 0 rg BT 148.23 337.30 Td ($8 ) Tj ET Q q 0 0 0 rg BT 161.05 337.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 194.64 337.30 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 233.56 337.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 286.92 337.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 327.50 337.30 Td (income ) Tj ET Q q 0 0 0 rg BT 359.75 337.30 Td (in ) Tj ET Q q 0 0 0 rg BT 370.35 337.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.82 337.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.82 337.30 Td ( ) Tj ET Q q 0 0 0 rg BT 417.64 337.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.01 337.30 Td ($29 ) Tj ET Q q 0 0 0 rg BT 453.83 337.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.72 337.30 Td (, ) Tj ET Q q 0 0 0 rg BT 488.04 337.30 Td (an ) Tj ET Q q 0 0 0 rg BT 500.29 337.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 535.86 337.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.01 337.30 Td ($15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 325.30 Td (, ) Tj ET Q q 0 0 0 rg BT 84.44 325.30 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.82 325.30 Td (103%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.15 325.30 Td (, ) Tj ET Q q 0 0 0 rg BT 124.70 325.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 167.18 325.30 Td (to ) Tj ET Q q 0 0 0 rg BT 178.01 325.30 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 214.38 325.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 267.98 325.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 308.79 325.30 Td (income ) Tj ET Q q 0 0 0 rg BT 341.28 325.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.66 325.30 Td ($14 ) Tj ET Q q 0 0 0 rg BT 370.71 325.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.60 325.30 Td ( ) Tj ET Q q 0 0 0 rg BT 402.65 325.30 Td (in ) Tj ET Q q 0 0 0 rg BT 413.48 325.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.18 325.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.18 325.30 Td ( ) Tj ET Q q 0 0 0 rg BT 461.24 325.30 Td (\(see ) Tj ET Q q 0 0 0 rg BT 480.38 325.30 Td (the ) Tj ET Q q 0 0 0 rg BT 495.65 325.30 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 553.68 325.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.30 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 87.83 313.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.32 313.30 Td (income ) Tj ET Q q 0 0 0 rg BT 158.48 313.30 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 182.43 313.30 Td (in ) Tj ET Q q 0 0 0 rg BT 191.94 313.30 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 239.34 313.30 Td ( ) Tj ET Q q 0 0 0 rg BT 241.07 313.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 280.01 313.30 Td (Measures ) Tj ET Q q 0 0 0 rg BT 320.05 313.30 Td (at ) Tj ET Q q 0 0 0 rg BT 329.00 313.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.94 313.30 Td (end ) Tj ET Q q 0 0 0 rg BT 359.10 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 369.16 313.30 Td (Item ) Tj ET Q q 0 0 0 rg BT 389.21 313.30 Td (7\). ) Tj ET Q q 0 0 0 rg BT 401.77 313.30 Td (Export ) Tj ET Q q 0 0 0 rg BT 430.71 313.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 459.10 313.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 484.70 313.30 Td (for ) Tj ET Q q 0 0 0 rg BT 498.09 313.30 Td (recycled ) Tj ET Q q 0 0 0 rg BT 533.68 313.30 Td (ferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.30 Td (metal ) Tj ET Q q 0 0 0 rg BT 74.97 301.30 Td (were ) Tj ET Q q 0 0 0 rg BT 97.16 301.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 128.25 301.30 Td (to ) Tj ET Q q 0 0 0 rg BT 138.79 301.30 Td (downward ) Tj ET Q q 0 0 0 rg BT 183.76 301.30 Td (pressure ) Tj ET Q q 0 0 0 rg BT 219.84 301.30 Td (in ) Tj ET Q q 0 0 0 rg BT 230.38 301.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 254.80 301.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 280.06 301.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 312.26 301.30 Td (to ) Tj ET Q q 0 0 0 rg BT 322.80 301.30 Td (overall ) Tj ET Q q 0 0 0 rg BT 353.32 301.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 378.85 301.30 Td (average ) Tj ET Q q 0 0 0 rg BT 412.70 301.30 Td (export ) Tj ET Q q 0 0 0 rg BT 441.00 301.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 470.43 301.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 497.07 301.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 539.25 301.30 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 301.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.71 289.30 Td (year) Tj ET Q q 0 0 0 rg BT 88.36 289.30 Td (. ) Tj ET Q q 0 0 0 rg BT 92.97 289.30 Td (The ) Tj ET Q q 0 0 0 rg BT 110.78 289.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 144.70 289.30 Td (from ) Tj ET Q q 0 0 0 rg BT 166.41 289.30 Td (productivity ) Tj ET Q q 0 0 0 rg BT 217.56 289.30 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 261.77 289.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 301.25 289.30 Td (impacting ) Tj ET Q q 0 0 0 rg BT 343.51 289.30 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 370.50 289.30 Td (were ) Tj ET Q q 0 0 0 rg BT 392.20 289.30 Td (lar) Tj ET Q q 0 0 0 rg BT 402.57 289.30 Td (gely ) Tj ET Q q 0 0 0 rg BT 422.05 289.30 Td (of) Tj ET Q q 0 0 0 rg BT 430.20 289.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 446.91 289.30 Td (by ) Tj ET Q q 0 0 0 rg BT 459.18 289.30 Td (the ) Tj ET Q q 0 0 0 rg BT 473.66 289.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 515.36 289.30 Td (challenging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.30 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.55 277.30 Td (and ) Tj ET Q q 0 0 0 rg BT 99.22 277.30 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 145.77 277.30 Td (market ) Tj ET Q q 0 0 0 rg BT 176.76 277.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 221.66 277.30 Td (and ) Tj ET Q q 0 0 0 rg BT 239.33 277.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.77 277.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 285.21 277.30 Td (of ) Tj ET Q q 0 0 0 rg BT 296.77 277.30 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 340.55 277.30 Td (constrained ) Tj ET Q q 0 0 0 rg BT 389.88 277.30 Td (supply ) Tj ET Q q 0 0 0 rg BT 419.78 277.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 464.67 277.30 Td (for ) Tj ET Q q 0 0 0 rg BT 479.56 277.30 Td (raw ) Tj ET Q q 0 0 0 rg BT 497.78 277.30 Td (materials ) Tj ET Q q 0 0 0 rg BT 537.66 277.30 Td (in ) Tj ET Q q 0 0 0 rg BT 548.67 277.30 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.30 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.83 265.30 Td (markets. ) Tj ET Q q 0 0 0 rg BT 125.71 265.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 181.21 265.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 221.70 265.30 Td (results ) Tj ET Q q 0 0 0 rg BT 250.54 265.30 Td (in ) Tj ET Q q 0 0 0 rg BT 261.04 265.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 285.43 265.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 308.15 265.30 Td (also ) Tj ET Q q 0 0 0 rg BT 326.99 265.30 Td (benefited ) Tj ET Q q 0 0 0 rg BT 366.92 265.30 Td (from ) Tj ET Q q 0 0 0 rg BT 389.08 265.30 Td (an ) Tj ET Q q 0 0 0 rg BT 401.25 265.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 436.73 265.30 Td (in ) Tj ET Q q 0 0 0 rg BT 447.24 265.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 487.73 265.30 Td (income ) Tj ET Q q 0 0 0 rg BT 519.89 265.30 Td (at ) Tj ET Q q 0 0 0 rg BT 529.83 265.30 Td (SMB ) Tj ET Q q 0 0 0 rg BT 553.68 265.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.30 Td ($12 ) Tj ET Q q 0 0 0 rg BT 66.97 253.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.86 253.30 Td ( ) Tj ET Q q 0 0 0 rg BT 97.83 253.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 137.01 253.30 Td (as ) Tj ET Q q 0 0 0 rg BT 147.30 253.30 Td (a ) Tj ET Q q 0 0 0 rg BT 153.71 253.30 Td (result ) Tj ET Q q 0 0 0 rg BT 177.90 253.30 Td (of ) Tj ET Q q 0 0 0 rg BT 188.19 253.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 228.49 253.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 262.11 253.30 Td (for ) Tj ET Q q 0 0 0 rg BT 275.74 253.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 309.92 253.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 330.21 253.30 Td (products ) Tj ET Q q 0 0 0 rg BT 366.62 253.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 398.02 253.30 Td (to ) Tj ET Q q 0 0 0 rg BT 407.77 253.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 435.28 253.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 456.69 253.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 492.54 253.30 Td (and ) Tj ET Q q 0 0 0 rg BT 508.95 253.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 542.57 253.30 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.30 Td (productivity ) Tj ET Q q 0 0 0 rg BT 100.33 241.30 Td (improvements. ) Tj ET Q q 0 0 0 rg BT 161.18 241.30 Td (At ) Tj ET Q q 0 0 0 rg BT 172.31 241.30 Td (APB, ) Tj ET Q q 0 0 0 rg BT 195.71 241.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.38 241.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 238.04 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 247.83 241.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 284.81 241.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 306.27 241.30 Td (of ) Tj ET Q q 0 0 0 rg BT 316.05 241.30 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 360.25 241.30 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 394.47 241.30 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 438.67 241.30 Td (at ) Tj ET Q q 0 0 0 rg BT 447.34 241.30 Td (a ) Tj ET Q q 0 0 0 rg BT 453.23 241.30 Td (slower ) Tj ET Q q 0 0 0 rg BT 481.34 241.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 497.78 241.30 Td (than ) Tj ET Q q 0 0 0 rg BT 516.45 241.30 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.30 Td (selling ) Tj ET Q q 0 0 0 rg BT 78.81 229.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 104.82 229.30 Td (during ) Tj ET Q q 0 0 0 rg BT 133.07 229.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 156.87 229.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 179.01 229.30 Td (continued ) Tj ET Q q 0 0 0 rg BT 220.58 229.30 Td (to ) Tj ET Q q 0 0 0 rg BT 230.50 229.30 Td (compress ) Tj ET Q q 0 0 0 rg BT 270.41 229.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 310.31 229.30 Td (mar) Tj ET Q q 0 0 0 rg BT 325.68 229.30 Td (gins ) Tj ET Q q 0 0 0 rg BT 344.49 229.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 376.06 229.30 Td (to ) Tj ET Q q 0 0 0 rg BT 385.98 229.30 Td (a ) Tj ET Q q 0 0 0 rg BT 392.56 229.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 429.11 229.30 Td (in ) Tj ET Q q 0 0 0 rg BT 439.03 229.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 478.93 229.30 Td (income ) Tj ET Q q 0 0 0 rg BT 510.51 229.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.98 229.30 Td ($3 ) Tj ET Q q 0 0 0 rg BT 533.12 229.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 229.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.92 217.30 Td (to ) Tj ET Q q 0 0 0 rg BT 102.20 217.30 Td (the ) Tj ET Q q 0 0 0 rg BT 116.92 217.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 138.86 217.30 Td (year) Tj ET Q q 0 0 0 rg BT 155.51 217.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.36 199.30 Td (results ) Tj ET Q q 0 0 0 rg BT 122.83 199.30 Td (in ) Tj ET Q q 0 0 0 rg BT 133.98 199.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 159.01 199.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 182.38 199.30 Td (included ) Tj ET Q q 0 0 0 rg BT 220.18 199.30 Td (a ) Tj ET Q q 0 0 0 rg BT 227.99 199.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 269.13 199.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.83 199.30 Td ($2 ) Tj ET Q q 0 0 0 rg BT 294.20 199.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.09 199.30 Td ( ) Tj ET Q q 0 0 0 rg BT 326.46 199.30 Td (in ) Tj ET Q q 0 0 0 rg BT 337.61 199.30 Td (selling, ) Tj ET Q q 0 0 0 rg BT 370.15 199.30 Td (general ) Tj ET Q q 0 0 0 rg BT 402.94 199.30 Td (and ) Tj ET Q q 0 0 0 rg BT 420.75 199.30 Td (administrative ) Tj ET Q q 0 0 0 rg BT 481.33 199.30 Td (\("SG&A"\) ) Tj ET Q q 0 0 0 rg BT 527.31 199.30 Td (expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.30 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.04 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 124.08 187.30 Td (cost-saving ) Tj ET Q q 0 0 0 rg BT 172.23 187.30 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 214.27 187.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 254.08 187.30 Td (benefited ) Tj ET Q q 0 0 0 rg BT 293.89 187.30 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 321.22 187.30 Td (whose ) Tj ET Q q 0 0 0 rg BT 349.38 187.30 Td (SG&A) Tj ET Q q 0 0 0 rg BT 376.61 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 379.21 187.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 414.02 187.30 Td (declined ) Tj ET Q q 0 0 0 rg BT 450.49 187.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.10 187.30 Td ($10 ) Tj ET Q q 0 0 0 rg BT 480.70 187.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.59 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 512.19 187.30 Td (mainly ) Tj ET Q q 0 0 0 rg BT 542.57 187.30 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.30 Td (headcount ) Tj ET Q q 0 0 0 rg BT 93.21 175.30 Td (reductions ) Tj ET Q q 0 0 0 rg BT 136.98 175.30 Td (and ) Tj ET Q q 0 0 0 rg BT 153.54 175.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 178.42 175.30 Td (professional ) Tj ET Q q 0 0 0 rg BT 229.42 175.30 Td (and ) Tj ET Q q 0 0 0 rg BT 245.97 175.30 Td (outside ) Tj ET Q q 0 0 0 rg BT 276.98 175.30 Td (services. ) Tj ET Q q 0 0 0 rg BT 313.65 175.30 Td (This ) Tj ET Q q 0 0 0 rg BT 333.54 175.30 Td (was ) Tj ET Q q 0 0 0 rg BT 351.21 175.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 386.65 175.30 Td (of) Tj ET Q q 0 0 0 rg BT 394.80 175.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 411.35 175.30 Td (by ) Tj ET Q q 0 0 0 rg BT 423.47 175.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 451.13 175.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 489.90 175.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 547.56 175.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.30 Td (share-based ) Tj ET Q q 0 0 0 rg BT 99.80 163.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 157.94 163.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 192.75 163.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 234.78 163.30 Td (to ) Tj ET Q q 0 0 0 rg BT 245.16 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 259.97 163.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 282.01 163.30 Td (year ) Tj ET Q q 0 0 0 rg BT 301.82 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 318.86 163.30 Td (SG&A) Tj ET Q q 0 0 0 rg BT 346.09 163.30 Td ( ) Tj ET Q q 0 0 0 rg BT 348.70 163.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 383.50 163.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.20 163.30 Td (with ) Tj ET Q q 0 0 0 rg BT 447.58 163.30 Td (new ) Tj ET Q q 0 0 0 rg BT 466.84 163.30 Td (store ) Tj ET Q q 0 0 0 rg BT 488.88 163.30 Td (locations ) Tj ET Q q 0 0 0 rg BT 527.59 163.30 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.30 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 151.30 Td (opened ) Tj ET Q q 0 0 0 rg BT 92.21 151.30 Td (by ) Tj ET Q q 0 0 0 rg BT 104.16 151.30 Td (APB ) Tj ET Q q 0 0 0 rg BT 126.11 151.30 Td (over ) Tj ET Q q 0 0 0 rg BT 146.38 151.30 Td (the ) Tj ET Q q 0 0 0 rg BT 161.09 151.30 Td (last ) Tj ET Q q 0 0 0 rg BT 177.48 151.30 Td (two ) Tj ET Q q 0 0 0 rg BT 194.98 151.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 219.14 151.30 Td (years.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (29) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.75 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.38 742.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.24 742.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.97 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.72 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 167.79 742.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 192.71 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 204.56 742.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 235.86 742.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 284.38 742.10 Td (test ) Tj ET Q q 0 0 0 rg BT 300.68 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.43 742.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 349.40 742.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 387.91 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.10 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.85 742.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 452.92 742.10 Td (units ) Tj ET Q q 0 0 0 rg BT 474.79 742.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 508.86 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.05 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.91 742.10 Td (non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 88.13 730.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 136.80 730.10 Td (char) Tj ET Q q 0 0 0 rg BT 153.83 730.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 165.84 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.74 730.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 199.32 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 230.78 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 240.57 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.36 730.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 280.17 730.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 319.39 730.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 340.02 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 350.93 730.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 388.77 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 417.46 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.25 730.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 459.26 730.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 490.15 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.05 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 525.28 730.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 550.35 730.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.59 718.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 136.29 718.10 Td (char) Tj ET Q q 0 0 0 rg BT 153.32 718.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 169.26 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.20 718.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 197.81 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 229.31 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 241.92 718.10 Td (various ) Tj ET Q q 0 0 0 rg BT 273.97 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 297.13 718.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 325.57 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 336.51 718.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 360.77 718.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 385.88 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 400.15 718.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 437.74 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 460.89 718.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 482.94 718.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 531.65 718.10 Td (char) Tj ET Q q 0 0 0 rg BT 548.68 718.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 706.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 72.24 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.13 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.08 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 115.03 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.43 706.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 173.37 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.65 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 208.94 706.10 Td (held ) Tj ET Q q 0 0 0 rg BT 228.11 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.72 706.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 259.22 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.61 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 298.11 706.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 341.17 706.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 368.95 706.10 Td (During ) Tj ET Q q 0 0 0 rg BT 399.23 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.40 706.10 Td (first ) Tj ET Q q 0 0 0 rg BT 431.46 706.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.73 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.02 706.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 495.63 706.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 520.08 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 533.69 706.10 Td (elected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.43 694.10 Td (change ) Tj ET Q q 0 0 0 rg BT 91.39 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.26 694.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 135.57 694.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 173.77 694.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 222.52 694.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 251.84 694.10 Td (date ) Tj ET Q q 0 0 0 rg BT 271.14 694.10 Td (from ) Tj ET Q q 0 0 0 rg BT 293.23 694.10 Td (February ) Tj ET Q q 0 0 0 rg BT 331.98 694.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 344.63 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.06 694.10 Td (July ) Tj ET Q q 0 0 0 rg BT 374.38 694.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 382.03 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.01 694.10 Td (each ) Tj ET Q q 0 0 0 rg BT 413.98 694.10 Td (year) Tj ET Q q 0 0 0 rg BT 430.63 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.59 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 444.23 694.10 Td (e ) Tj ET Q q 0 0 0 rg BT 451.32 694.10 Td (most ) Tj ET Q q 0 0 0 rg BT 473.42 694.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 508.27 694.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 552.57 694.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 97.27 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.44 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.49 682.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 161.89 682.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 192.48 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.09 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.14 682.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 243.21 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.86 682.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 282.15 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 321.64 682.10 Td (units ) Tj ET Q q 0 0 0 rg BT 343.92 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 355.09 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.25 682.10 Td (July ) Tj ET Q q 0 0 0 rg BT 385.76 682.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 396.10 682.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 421.43 682.10 Td (For ) Tj ET Q q 0 0 0 rg BT 438.16 682.10 Td (each ) Tj ET Q q 0 0 0 rg BT 459.31 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.48 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.53 682.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 525.02 682.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 549.81 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 92.87 670.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 109.09 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 133.10 670.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 172.63 670.10 Td (its ) Tj ET Q q 0 0 0 rg BT 184.43 670.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 220.09 670.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 246.59 670.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 265.60 670.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 307.94 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.28 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.84 670.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 377.74 670.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 414.51 670.10 Td (were ) Tj ET Q q 0 0 0 rg BT 436.29 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 451.41 670.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 489.30 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 499.97 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.65 670.10 Td (July ) Tj ET Q q 0 0 0 rg BT 529.66 670.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 539.51 670.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 658.10 Td (further ) Tj ET Q q 0 0 0 rg BT 96.65 658.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 140.82 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.09 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.81 658.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 197.75 658.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 246.90 658.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 281.07 658.10 Td (section ) Tj ET Q q 0 0 0 rg BT 311.89 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 321.61 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.33 658.10 Td (end ) Tj ET Q q 0 0 0 rg BT 353.27 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.10 658.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 382.71 658.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 394.37 658.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 415.19 658.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 422.69 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.52 658.10 Td (this ) Tj ET Q q 0 0 0 rg BT 450.47 658.10 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 106.55 640.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 148.08 640.10 Td (income ) Tj ET Q q 0 0 0 rg BT 181.29 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.84 640.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.27 640.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.27 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.04 640.10 Td (also ) Tj ET Q q 0 0 0 rg BT 261.92 640.10 Td (included ) Tj ET Q q 0 0 0 rg BT 300.13 640.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 355.00 640.10 Td (char) Tj ET Q q 0 0 0 rg BT 372.02 640.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 389.13 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.34 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 431.66 640.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 480.96 640.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 504.73 640.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.83 640.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 530.61 640.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 640.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 93.48 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.73 628.10 Td (severance, ) Tj ET Q q 0 0 0 rg BT 149.57 628.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 184.70 628.10 Td (termination, ) Tj ET Q q 0 0 0 rg BT 236.22 628.10 Td (other ) Tj ET Q q 0 0 0 rg BT 259.69 628.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 313.71 628.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 336.63 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.00 628.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 402.45 628.10 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 457.86 628.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 500.21 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.91 628.10 Td (restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 616.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 83.33 616.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.64 616.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 107.61 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.51 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.48 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.24 616.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.87 616.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.87 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 200.13 616.10 Td (These ) Tj ET Q q 0 0 0 rg BT 226.98 616.10 Td (char) Tj ET Q q 0 0 0 rg BT 244.01 616.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 260.31 616.10 Td (include ) Tj ET Q q 0 0 0 rg BT 292.72 616.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 346.79 616.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 389.21 616.10 Td (under ) Tj ET Q q 0 0 0 rg BT 414.95 616.10 Td (two ) Tj ET Q q 0 0 0 rg BT 432.93 616.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 468.66 616.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 492.74 616.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 539.04 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 616.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 76.94 604.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 107.75 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.58 604.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 142.74 604.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 165.24 604.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 183.29 604.10 Td (Q412 ) Tj ET Q q 0 0 0 rg BT 215.78 604.10 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 243.82 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.76 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.48 604.10 Td (first ) Tj ET Q q 0 0 0 rg BT 294.09 604.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 324.90 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.73 604.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 359.89 604.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 382.39 604.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 400.43 604.10 Td (Q114 ) Tj ET Q q 0 0 0 rg BT 432.92 604.10 Td (Plan\), ) Tj ET Q q 0 0 0 rg BT 463.47 604.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 511.13 604.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.98 583.10 Td (Q4'12 ) Tj ET Q q 0 0 0 rg BT 92.44 583.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 111.65 583.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 155.03 583.10 Td (which ) Tj ET Q q 0 0 0 rg BT 180.90 583.10 Td (were ) Tj ET Q q 0 0 0 rg BT 201.76 583.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 244.85 583.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.28 583.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.93 583.10 Td (end ) Tj ET Q q 0 0 0 rg BT 285.81 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.57 583.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 318.66 583.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 342.59 583.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 379.56 583.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.43 583.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 424.63 583.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.85 583.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 473.04 583.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 494.48 583.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.24 583.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 66.96 571.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.86 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.82 571.10 Td (on ) Tj ET Q q 0 0 0 rg BT 109.78 571.10 Td (an ) Tj ET Q q 0 0 0 rg BT 121.19 571.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 166.46 571.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 190.93 571.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 237.89 571.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 297.61 571.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 314.57 571.10 Td (million ) Tj ET Q q 0 0 0 rg BT 345.43 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.72 571.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 382.96 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.92 571.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 419.09 571.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.49 571.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 447.46 571.10 Td (million ) Tj ET Q q 0 0 0 rg BT 478.31 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.61 571.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 506.68 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.98 571.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 542.83 571.10 Td (sold.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 557.03 514.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 550.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.93 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.75 550.10 Td (first ) Tj ET Q q 0 0 0 rg BT 94.47 550.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 125.39 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.32 550.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 160.58 550.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 185.68 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 199.95 550.10 Td (initiated ) Tj ET Q q 0 0 0 rg BT 235.32 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.14 550.10 Td (Q114 ) Tj ET Q q 0 0 0 rg BT 278.30 550.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 298.68 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.72 550.10 Td (began ) Tj ET Q q 0 0 0 rg BT 342.20 550.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 400.35 550.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 454.05 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.09 550.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 522.58 550.10 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 545.03 435.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.13 538.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 89.14 538.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.82 538.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 133.83 538.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 173.95 538.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 212.41 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 224.76 538.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.88 538.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 302.23 538.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 335.98 538.10 Td (which ) Tj ET Q q 0 0 0 rg BT 362.78 538.10 Td (was ) Tj ET Q q 0 0 0 rg BT 380.68 538.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 435.26 538.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 475.37 538.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 538.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 502.86 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 531.75 545.03 32.75 -9.09 re f /GS0 gs q 0 0 0 rg BT 531.75 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.10 538.10 Td (later ) Tj ET Q q 0 0 0 rg BT 554.22 538.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 533.03 54.30 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.97 526.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 87.37 526.10 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.03 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 108.15 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.79 526.10 Td (e ) Tj ET Q q 0 0 0 rg BT 122.98 526.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 160.26 526.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 219.77 526.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 236.51 526.10 Td (million ) Tj ET Q q 0 0 0 rg BT 267.16 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.24 526.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 306.75 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.28 526.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 339.68 526.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 361.43 526.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.96 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.92 526.10 Td (full ) Tj ET Q q 0 0 0 rg BT 410.56 526.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 438.97 526.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 468.48 526.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 505.76 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.29 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.48 526.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.39 514.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.66 514.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 109.58 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.74 514.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 164.23 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.17 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.00 514.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 230.37 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.76 514.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 281.14 514.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 319.85 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.13 514.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 367.27 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.66 514.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 402.48 514.10 Td (at ) Tj ET Q q 0 0 0 rg BT 412.31 514.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 437.15 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.20 514.10 Td (results ) Tj ET Q q 0 0 0 rg BT 482.92 514.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.97 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.02 514.10 Td (combination) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 509.03 514.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.31 502.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 105.38 502.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 152.52 502.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 218.26 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.57 502.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 277.53 502.10 Td (ef) Tj ET Q q 0 0 0 rg BT 285.12 502.10 Td (ficiencies, ) Tj ET Q q 0 0 0 rg BT 328.91 502.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 363.54 502.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 386.50 502.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 409.48 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.90 502.10 Td (other ) Tj ET Q q 0 0 0 rg BT 450.43 502.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 502.29 502.10 Td (improvements. ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 497.03 217.48 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 490.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.17 490.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 93.36 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.23 490.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 125.87 490.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 179.06 490.10 Td (char) Tj ET Q q 0 0 0 rg BT 196.09 490.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 211.51 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.94 490.10 Td (approximat) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.48 490.10 Td (ely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.79 490.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 293.89 490.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.78 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.87 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.75 490.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 380.71 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.59 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.90 490.10 Td (Q1'14 ) Tj ET Q q 0 0 0 rg BT 441.02 490.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 463.39 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 489.92 490.10 Td (were ) Tj ET Q q 0 0 0 rg BT 511.45 490.10 Td (substantially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.99 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.45 478.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 120.78 478.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 145.76 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.98 478.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 207.20 478.10 Td (char) Tj ET Q q 0 0 0 rg BT 224.23 478.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 240.23 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.11 478.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 293.32 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.78 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.89 478.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 351.88 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 364.56 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.45 478.10 Td (end ) Tj ET Q q 0 0 0 rg BT 396.56 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.57 478.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 431.90 478.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 456.88 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.11 478.10 Td (vast ) Tj ET Q q 0 0 0 rg BT 493.89 478.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 530.45 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.45 478.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 466.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 82.97 466.10 Td (require ) Tj ET Q q 0 0 0 rg BT 113.89 466.10 Td (us ) Tj ET Q q 0 0 0 rg BT 125.39 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.78 466.10 Td (make ) Tj ET Q q 0 0 0 rg BT 160.05 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.42 466.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 223.86 466.10 Td (In ) Tj ET Q q 0 0 0 rg BT 234.80 466.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 270.18 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.57 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.40 466.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 349.10 466.10 Td (char) Tj ET Q q 0 0 0 rg BT 366.13 466.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 382.07 466.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 419.65 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.04 466.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 476.52 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 496.91 466.10 Td (these ) Tj ET Q q 0 0 0 rg BT 520.07 466.10 Td (initiatives, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.61 454.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 102.76 454.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 125.26 454.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.42 454.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 175.24 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 198.29 454.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 246.31 454.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 268.81 454.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.64 454.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 292.14 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.04 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.54 454.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 366.59 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.42 454.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 399.36 454.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 451.85 454.10 Td (related ) Tj ET Q q 0 0 0 rg BT 481.55 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.83 454.10 Td (site ) Tj ET Q q 0 0 0 rg BT 508.22 454.10 Td (closures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.01 433.10 Td (char) Tj ET Q q 0 0 0 rg BT 124.04 433.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 139.95 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.97 433.10 Td (other ) Tj ET Q q 0 0 0 rg BT 180.10 433.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 228.21 433.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 250.79 433.10 Td (for ) Tj ET Q q 0 0 0 rg BT 265.03 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.82 433.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 304.06 433.10 Td (years ) Tj ET Q q 0 0 0 rg BT 327.74 433.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.63 433.10 Td (August ) Tj ET Q q 0 0 0 rg BT 385.10 433.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.18 433.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.18 433.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.26 433.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.26 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.84 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.86 433.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 487.44 433.10 Td (were ) Tj ET Q q 0 0 0 rg BT 509.45 433.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 553.69 433.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 421.10 Td (following ) Tj ET Q q 0 0 0 rg BT 106.10 421.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 119.71 421.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 357.60 143.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 357.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 357.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 357.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 357.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 357.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 357.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 357.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 357.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 357.60 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 357.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 357.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 357.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 327.60 143.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 327.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 327.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 327.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 327.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 327.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 327.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 327.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 327.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 327.60 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 327.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 327.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 327.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 297.60 143.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 297.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 297.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 297.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 297.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 297.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 297.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 297.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 297.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 297.60 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 297.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 297.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 266.60 143.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 266.60 39.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 266.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 266.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 266.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 266.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 266.60 8.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 266.60 39.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 266.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 266.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 266.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 266.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 266.60 7.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 266.60 36.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 266.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 266.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 266.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 266.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 234.60 143.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 234.60 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 234.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 234.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 234.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 234.60 38.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 234.60 8.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 234.60 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 234.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 234.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 234.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 234.60 38.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 234.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 234.60 36.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 234.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 234.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 234.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 234.60 38.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 206.60 143.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 206.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 206.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 206.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 206.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 206.60 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 206.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 206.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 206.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 206.60 36.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 206.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 206.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 206.60 38.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 395.6 m 231.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 395.6 m 235.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 395.6 m 269.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 395.6 m 273.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 395.6 m 311.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 395.6 m 319.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 395.6 m 358.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 395.6 m 362.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 395.6 m 396.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 395.6 m 400.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 395.6 m 438.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 395.6 m 445.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 395.6 m 481.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 395.6 m 485.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 395.6 m 519.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 395.6 m 523.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 395.6 m 561.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 380.6 m 231.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 380.6 m 235.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 380.6 m 269.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 380.6 m 273.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 380.6 m 311.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 380.6 m 358.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 380.6 m 362.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 380.6 m 396.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 380.6 m 400.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 380.6 m 438.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 395.6 m 481.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 380.6 m 481.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 395.6 m 485.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 380.6 m 485.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 395.6 m 519.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 380.6 m 519.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 395.6 m 523.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 380.6 m 523.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 395.6 m 561.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 380.6 m 561.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 357.6 m 231.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 357.6 m 269.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 357.6 m 311.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 357.6 m 358.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 357.6 m 396.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 357.6 m 438.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 357.6 m 481.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 357.6 m 519.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 357.6 m 561.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 357.6 m 561.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 297.6 m 519.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 297.6 m 231.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 282.6 m 231.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 297.6 m 269.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 282.6 m 269.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 297.6 m 311.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 282.6 m 311.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 297.6 m 358.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 282.6 m 358.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 297.6 m 396.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 282.6 m 396.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 297.6 m 438.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 282.6 m 438.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 297.6 m 481.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 282.6 m 481.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 297.6 m 519.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 282.6 m 519.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 297.6 m 561.5 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 282.6 m 561.5 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 250.60000000000002 m 481.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 250.60000000000002 m 519.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 250.60000000000002 m 231.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 250.60000000000002 m 269.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 250.60000000000002 m 311.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 250.60000000000002 m 358.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 250.60000000000002 m 396.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 250.60000000000002 m 438.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 250.60000000000002 m 481.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 250.60000000000002 m 519.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 250.60000000000002 m 561.5 250.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 234.60000000000002 m 231.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 210.60000000000002 m 231.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 234.60000000000002 m 269.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 210.60000000000002 m 269.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 234.60000000000002 m 311.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 210.60000000000002 m 311.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 234.60000000000002 m 358.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 210.60000000000002 m 358.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 234.60000000000002 m 396.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 210.60000000000002 m 396.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 234.60000000000002 m 438.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 210.60000000000002 m 438.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 234.60000000000002 m 481.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 210.60000000000002 m 481.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 234.60000000000002 m 519.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 210.60000000000002 m 519.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 234.60000000000002 m 561.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 210.60000000000002 m 561.5 210.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.55 400.05 Td (Year Ended August 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 242.50 385.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.50 385.05 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 494.00 385.05 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 199.75 371.05 Td (Q412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.70 362.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.25 371.05 Td (Q114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 243.20 362.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.15 371.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.00 362.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.75 371.05 Td (Q412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.70 362.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 367.25 371.05 Td (Q114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 370.20 362.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 409.15 371.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.00 362.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.25 371.05 Td (Q412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.20 362.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.25 371.05 Td (Q114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.20 362.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.15 371.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 362.05 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 347.27 Td (Restructuring charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 332.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.30 332.27 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.65 332.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 332.27 Td (4,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.10 332.27 Td (4,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.10 332.27 Td (2,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 332.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 332.27 Td (2,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 332.27 Td (2,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 332.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 332.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 332.27 Td (2,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 317.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 317.27 Td (675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.60 317.27 Td (709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.10 317.27 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.10 317.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 317.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.60 317.27 Td (440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 317.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 317.27 Td (440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 302.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 302.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.60 302.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 302.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.10 302.27 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 302.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 302.27 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 302.27 Td (1,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 302.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 302.27 Td (1,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 287.27 Td (Total restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 287.27 Td (631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 287.27 Td (5,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.10 287.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.10 287.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 287.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 287.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 287.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 287.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 287.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 271.27 Td (Other exit-related costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 255.27 Td (Asset impairments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.60 255.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 255.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 255.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 239.27 Td (Total exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.60 239.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 239.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 239.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 225.17 Td (Total restructuring charges and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 215.17 Td (exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 215.27 Td (631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 215.27 Td (6,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.10 215.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.10 215.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 215.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 215.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 215.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 215.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 215.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 215.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.27 Td (Total restructuring charges to date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.10 196.27 Td (13,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.10 196.27 Td (5,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.10 196.27 Td (19,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.10 196.27 Td (12,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 196.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.10 196.27 Td (12,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 196.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 196.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 196.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 196.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 171.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.46 171.10 Td (do ) Tj ET Q q 0 0 0 rg BT 79.85 171.10 Td (not ) Tj ET Q q 0 0 0 rg BT 96.01 171.10 Td (include ) Tj ET Q q 0 0 0 rg BT 128.83 171.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 183.31 171.10 Td (char) Tj ET Q q 0 0 0 rg BT 200.34 171.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 217.06 171.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.88 171.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.81 171.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 307.73 171.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 331.11 171.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.28 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.88 171.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 414.58 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.29 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.90 171.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.81 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.52 171.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.24 171.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (segments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.90 141.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.80 141.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.80 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.26 141.10 Td (- ) Tj ET Q q 0 0 0 rg BT 107.05 141.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 163.94 141.10 Td (Char) Tj ET Q q 0 0 0 rg BT 183.20 141.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 198.99 141.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.89 141.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 241.12 141.10 Td (Exit-Related ) Tj ET Q q 0 0 0 rg BT 294.11 141.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 318.80 141.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.04 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.72 141.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 369.51 141.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.75 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.42 141.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 449.66 141.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 489.33 141.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 535.67 141.10 Td (in ) Tj ET Q q 0 0 0 rg BT 545.91 141.10 Td (Part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 61.66 129.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 89.99 129.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 129.10 Td (this ) Tj ET Q q 0 0 0 rg BT 117.76 129.10 Td (report.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 109.76699218750002 m 77.4951171875 109.76699218750002 l s q 0 0 0 rg BT 50.00 111.10 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 109.76699218750002 m 97.4951171875 109.76699218750002 l s q 0 0 0 rg BT 77.50 111.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 109.76699218750002 m 186.005859375 109.76699218750002 l s q 0 0 0 rg BT 97.50 111.10 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 111.10 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 109.76699218750002 m 206.005859375 109.76699218750002 l s q 0 0 0 rg BT 186.01 111.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 111.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.88 93.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.74 93.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 162.40 93.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.29 93.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 196.04 93.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 218.14 93.10 Td (was ) Tj ET Q q 0 0 0 rg BT 235.80 93.10 Td ($328 ) Tj ET Q q 0 0 0 rg BT 257.90 93.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 291.39 93.10 Td (which ) Tj ET Q q 0 0 0 rg BT 317.93 93.10 Td (included ) Tj ET Q q 0 0 0 rg BT 354.47 93.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.01 93.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 398.67 93.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 446.87 93.10 Td (char) Tj ET Q q 0 0 0 rg BT 463.90 93.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 475.44 93.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.87 93.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 507.97 93.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 541.46 93.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 72.09 81.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 120.83 81.10 Td (char) Tj ET Q q 0 0 0 rg BT 137.86 81.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 153.84 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.82 81.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 182.46 81.10 Td (million ) Tj ET Q q 0 0 0 rg BT 214.00 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.09 81.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 284.83 81.10 Td (char) Tj ET Q q 0 0 0 rg BT 301.86 81.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 317.84 81.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.81 81.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 341.46 81.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 375.50 81.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 417.57 81.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.00 81.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 481.19 81.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 521.60 81.10 Td (income ) Tj ET Q q 0 0 0 rg BT 553.68 81.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td ($54 ) Tj ET Q q 0 0 0 rg BT 68.05 69.10 Td (million ) Tj ET Q q 0 0 0 rg BT 99.99 69.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.82 69.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 135.53 69.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 160.41 69.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 199.56 69.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 253.16 69.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 293.97 69.10 Td (income ) Tj ET Q q 0 0 0 rg BT 326.46 69.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.29 69.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 361.99 69.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 387.54 69.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 430.03 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.29 69.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 483.90 69.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 533.05 69.10 Td (char) Tj ET Q q 0 0 0 rg BT 550.08 69.10 Td (ge, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.34 57.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 95.57 57.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 144.47 57.10 Td (char) Tj ET Q q 0 0 0 rg BT 161.49 57.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 177.62 57.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.85 57.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.86 57.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 263.75 57.10 Td (char) Tj ET Q q 0 0 0 rg BT 280.78 57.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 299.40 57.10 Td (was ) Tj ET Q q 0 0 0 rg BT 317.75 57.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 335.54 57.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 369.73 57.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.96 57.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 414.17 57.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.29 57.10 Td ($45 ) Tj ET Q q 0 0 0 rg BT 443.09 57.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 477.27 57.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.40 57.10 Td (76%, ) Tj ET Q q 0 0 0 rg BT 512.02 57.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.24 57.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 86.07 45.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 139.35 45.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.85 45.10 Td (income ) Tj ET Q q 0 0 0 rg BT 212.03 45.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.10 45.10 Td ($59 ) Tj ET Q q 0 0 0 rg BT 240.84 45.10 Td (million ) Tj ET Q q 0 0 0 rg BT 272.47 45.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.99 45.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 307.39 45.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 330.13 45.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 348.97 45.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.92 45.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 421.64 45.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.11 45.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 470.96 45.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 524.24 45.10 Td (operating ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (30) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.80 742.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 106.39 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.54 742.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 163.95 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.32 742.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 205.90 742.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 246.59 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 256.18 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.76 742.10 Td (end ) Tj ET Q q 0 0 0 rg BT 287.57 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.27 742.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 318.97 742.10 Td (7\). ) Tj ET Q q 0 0 0 rg BT 332.17 742.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 374.52 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 403.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.15 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 437.17 742.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 459.54 742.10 Td (were ) Tj ET Q q 0 0 0 rg BT 481.34 742.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 525.36 742.10 Td (impacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.97 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.15 730.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 118.88 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.62 730.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 152.02 730.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 188.88 730.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 231.27 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.01 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 266.63 730.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 292.09 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 319.50 730.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 359.67 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 382.07 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 410.58 730.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 432.99 730.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 469.84 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.24 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 515.75 730.10 Td (average ) Tj ET Q q 0 0 0 rg BT 549.80 730.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 78.15 718.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 103.52 718.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 140.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.26 718.10 Td (less ) Tj ET Q q 0 0 0 rg BT 165.75 718.10 Td (mar) Tj ET Q q 0 0 0 rg BT 181.12 718.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 195.38 718.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 247.41 718.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 288.33 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.59 718.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 320.73 718.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 344.61 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 361.65 718.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 409.23 718.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 437.38 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.20 718.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 463.68 718.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 501.81 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.08 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.90 718.10 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 86.15 706.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 119.80 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 139.58 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.02 706.10 Td (more ) Tj ET Q q 0 0 0 rg BT 168.56 706.10 Td (pronounced ) Tj ET Q q 0 0 0 rg BT 217.76 706.10 Td (softening ) Tj ET Q q 0 0 0 rg BT 256.98 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.30 706.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 300.96 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.61 706.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 337.71 706.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 361.92 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.69 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.91 706.10 Td (export ) Tj ET Q q 0 0 0 rg BT 413.45 706.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 447.10 706.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 488.53 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.30 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.51 706.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 534.79 706.10 Td (caused ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.72 694.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 113.78 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.62 694.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 144.79 694.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 183.63 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.59 694.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 230.19 694.10 Td (less ) Tj ET Q q 0 0 0 rg BT 247.37 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 266.77 694.10 Td (export ) Tj ET Q q 0 0 0 rg BT 294.50 694.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 323.34 694.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 351.90 694.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 402.97 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.93 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.33 694.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 480.06 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.02 694.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.97 694.10 Td (mar) Tj ET Q q 0 0 0 rg BT 545.33 694.10 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.81 682.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.51 682.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 111.04 682.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 166.56 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.38 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.63 682.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 232.88 682.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 262.58 682.10 Td (price ) Tj ET Q q 0 0 0 rg BT 285.60 682.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 341.68 682.10 Td (average ) Tj ET Q q 0 0 0 rg BT 375.80 682.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 417.16 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 440.20 682.10 Td (did ) Tj ET Q q 0 0 0 rg BT 456.01 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 471.83 682.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 509.28 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 520.64 682.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 553.67 682.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 87.23 670.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.93 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.28 670.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 138.96 670.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 179.81 670.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 216.50 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.97 670.10 Td (an ) Tj ET Q q 0 0 0 rg BT 237.10 670.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 269.34 670.10 Td (ef) Tj ET Q q 0 0 0 rg BT 276.92 670.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 293.60 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.30 670.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 323.10 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.13 670.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 358.71 670.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 377.08 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.21 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.34 670.10 Td (further ) Tj ET Q q 0 0 0 rg BT 428.24 670.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 480.48 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.51 670.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.97 670.10 Td (mar) Tj ET Q q 0 0 0 rg BT 545.33 670.10 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 90.93 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.21 658.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 123.36 658.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 147.36 658.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 201.64 658.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 240.90 658.10 Td (results ) Tj ET Q q 0 0 0 rg BT 268.51 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.79 658.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 300.95 658.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 322.45 658.10 Td (also ) Tj ET Q q 0 0 0 rg BT 340.06 658.10 Td (included ) Tj ET Q q 0 0 0 rg BT 376.00 658.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 387.50 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 417.89 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.72 658.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 466.99 658.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 492.38 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.77 658.10 Td (APB, ) Tj ET Q q 0 0 0 rg BT 524.22 658.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 97.78 646.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 142.51 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.36 646.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 186.98 646.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 210.89 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 239.50 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.69 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.31 646.10 Td (eleven ) Tj ET Q q 0 0 0 rg BT 289.82 646.10 Td (store ) Tj ET Q q 0 0 0 rg BT 310.66 646.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 348.18 646.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 384.01 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.75 646.10 Td (opened ) Tj ET Q q 0 0 0 rg BT 424.03 646.10 Td (during ) Tj ET Q q 0 0 0 rg BT 451.55 646.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 474.61 646.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 498.42 646.10 Td (These ) Tj ET Q q 0 0 0 rg BT 523.71 646.10 Td (decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.51 634.10 Td (of) Tj ET Q q 0 0 0 rg BT 80.66 634.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 98.19 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 111.27 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.79 634.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 159.63 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.50 634.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 211.35 634.10 Td (income ) Tj ET Q q 0 0 0 rg BT 243.86 634.10 Td (at ) Tj ET Q q 0 0 0 rg BT 254.17 634.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 278.37 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.79 634.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 302.87 634.10 Td (million ) Tj ET Q q 0 0 0 rg BT 334.85 634.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 377.36 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.22 634.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 412.96 634.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 436.05 634.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 476.34 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 487.76 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.28 634.10 Td (result ) Tj ET Q q 0 0 0 rg BT 520.58 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.00 634.10 Td (slightly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 90.83 622.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 124.98 622.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 156.91 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.19 622.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 195.24 622.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 217.18 622.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 253.56 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.50 622.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 310.76 622.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 353.80 622.10 Td (levels. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.52 604.10 Td (results ) Tj ET Q q 0 0 0 rg BT 121.17 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.48 604.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 155.67 604.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 178.21 604.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 217.95 604.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.92 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.90 604.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 287.20 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.51 604.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 324.75 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.28 604.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 362.03 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.89 604.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 390.43 604.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 424.36 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.22 604.10 Td (6%, ) Tj ET Q q 0 0 0 rg BT 453.59 604.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.57 604.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 499.76 604.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 524.79 604.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.85 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.80 592.10 Td (result ) Tj ET Q q 0 0 0 rg BT 95.53 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.38 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.11 592.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 177.72 592.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 220.67 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.63 592.10 Td (other ) Tj ET Q q 0 0 0 rg BT 262.69 592.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.97 592.10 Td (ef) Tj ET Q q 0 0 0 rg BT 311.56 592.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 353.38 592.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 400.21 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.51 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.24 592.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 455.20 592.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 487.03 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.87 592.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 524.04 592.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 547.56 592.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 104.45 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.47 580.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 138.36 580.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 162.94 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.73 580.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.39 580.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 259.05 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.07 580.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 292.97 580.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 315.21 580.10 Td (was ) Tj ET Q q 0 0 0 rg BT 333.00 580.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 360.79 580.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 400.24 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.48 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.16 580.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 459.17 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.74 580.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 481.98 580.10 Td (million ) Tj ET Q q 0 0 0 rg BT 513.11 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.13 580.10 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.66 568.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.98 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.53 568.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 174.65 568.10 Td (million ) Tj ET Q q 0 0 0 rg BT 206.66 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.55 568.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 269.54 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.09 568.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 319.10 568.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 356.69 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.36 568.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 416.23 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.13 568.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.79 568.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 508.02 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.13 568.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 546.45 568.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 87.67 556.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 118.13 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.49 556.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 181.82 556.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 216.17 556.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 263.84 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.76 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.11 556.10 Td (eleven ) Tj ET Q q 0 0 0 rg BT 316.34 556.10 Td (store ) Tj ET Q q 0 0 0 rg BT 337.92 556.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 376.16 556.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 412.72 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.19 556.10 Td (opened ) Tj ET Q q 0 0 0 rg BT 454.21 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 465.87 556.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 487.46 556.10 Td (during ) Tj ET Q q 0 0 0 rg BT 515.71 556.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.50 556.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.39 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.68 535.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 101.18 535.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 131.56 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.95 535.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 165.67 535.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 190.24 535.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.96 535.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 244.35 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.63 535.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 310.68 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.08 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 535.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 376.86 535.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 425.57 535.10 Td (market ) Tj ET Q q 0 0 0 rg BT 455.40 535.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 501.63 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.91 535.10 Td (constrained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 79.70 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.05 523.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 109.07 523.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 151.25 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.60 523.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 195.05 523.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.06 523.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 286.61 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.07 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.32 523.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 339.00 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.35 523.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 388.36 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.71 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 416.07 523.10 Td (market ) Tj ET Q q 0 0 0 rg BT 446.86 523.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 503.75 523.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.10 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.57 523.10 Td (triggering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (event ) Tj ET Q q 0 0 0 rg BT 73.93 511.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 112.86 511.10 Td (an ) Tj ET Q q 0 0 0 rg BT 124.57 511.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 155.72 511.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 204.09 511.10 Td (test ) Tj ET Q q 0 0 0 rg BT 220.25 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.86 511.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 268.69 511.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 307.05 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.10 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.70 511.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 371.63 511.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 395.85 511.10 Td (For ) Tj ET Q q 0 0 0 rg BT 412.02 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.00 511.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 447.73 511.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 486.66 511.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 506.99 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.48 511.10 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.57 499.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.91 499.10 Td (using ) Tj ET Q q 0 0 0 rg BT 115.27 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.18 499.10 Td (income ) Tj ET Q q 0 0 0 rg BT 162.30 499.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 201.64 499.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 254.88 499.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 294.77 499.10 Td (its ) Tj ET Q q 0 0 0 rg BT 306.90 499.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 342.91 499.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 369.76 499.10 Td (For ) Tj ET Q q 0 0 0 rg BT 386.34 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.25 499.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 426.17 499.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.51 499.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 486.26 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.17 499.10 Td (first ) Tj ET Q q 0 0 0 rg BT 519.97 499.10 Td (step ) Tj ET Q q 0 0 0 rg BT 538.76 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 499.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.81 487.10 Td (test ) Tj ET Q q 0 0 0 rg BT 115.41 487.10 Td (showed ) Tj ET Q q 0 0 0 rg BT 148.67 487.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.38 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.31 487.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 220.67 487.10 Td (unit) Tj ET Q q 0 0 0 rg BT 239.01 487.10 Td (s ) Tj ET Q q 0 0 0 rg BT 245.61 487.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 262.20 487.10 Td (value ) Tj ET Q q 0 0 0 rg BT 286.57 487.10 Td (was ) Tj ET Q q 0 0 0 rg BT 304.83 487.10 Td (less ) Tj ET Q q 0 0 0 rg BT 322.54 487.10 Td (than ) Tj ET Q q 0 0 0 rg BT 342.47 487.10 Td (its ) Tj ET Q q 0 0 0 rg BT 354.63 487.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 390.66 487.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 425.86 487.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 468.56 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.71 487.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 513.42 487.10 Td (impairment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 77.14 475.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.84 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.75 475.10 Td (second ) Tj ET Q q 0 0 0 rg BT 135.22 475.10 Td (step ) Tj ET Q q 0 0 0 rg BT 154.03 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.06 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.97 475.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 228.77 475.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 247.86 475.10 Td (we ) Tj ET Q q 0 0 0 rg BT 262.22 475.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 299.89 475.10 Td (a ) Tj ET Q q 0 0 0 rg BT 307.03 475.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 345.83 475.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 384.08 475.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 432.88 475.10 Td (char) Tj ET Q q 0 0 0 rg BT 449.91 475.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 462.04 475.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.07 475.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 495.77 475.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.67 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.36 475.10 Td (at ) Tj ET Q q 0 0 0 rg BT 537.28 475.10 Td (MRB. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 463.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 98.88 463.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 148.03 463.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 182.20 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.14 463.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 240.52 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.80 463.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 269.40 463.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 281.06 463.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 301.89 463.10 Td (7 ) Tj ET Q q 0 0 0 rg BT 309.39 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.22 463.10 Td (this ) Tj ET Q q 0 0 0 rg BT 337.17 463.10 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.31 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.50 442.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 123.92 442.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 155.21 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.52 442.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 191.15 442.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 216.63 442.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.27 442.10 Td (also ) Tj ET Q q 0 0 0 rg BT 250.35 442.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 288.31 442.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 337.38 442.10 Td (char) Tj ET Q q 0 0 0 rg BT 354.41 442.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 370.72 442.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.02 442.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 400.00 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.89 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.87 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 444.85 442.10 Td (various ) Tj ET Q q 0 0 0 rg BT 477.26 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 500.79 442.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 527.10 442.10 Td (at ) Tj ET Q q 0 0 0 rg BT 537.29 442.10 Td (MRB, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.40 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.24 430.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 153.96 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.92 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.98 430.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 219.02 430.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 262.73 430.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.68 430.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 286.31 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.20 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.82 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 328.78 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.84 430.10 Td (result ) Tj ET Q q 0 0 0 rg BT 360.68 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.64 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.48 430.10 Td (debtor) Tj ET Q q 0 0 0 rg BT 412.40 430.10 Td () Tj ET Q q 0 0 0 rg BT 415.17 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 421.69 430.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 457.64 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.05 430.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 492.88 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.72 430.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 540.34 430.10 Td (owed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.39 418.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 123.54 418.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 155.59 418.10 Td (into ) Tj ET Q q 0 0 0 rg BT 173.77 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 188.05 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.88 418.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 245.49 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.44 418.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 280.16 418.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 304.99 418.10 Td (through ) Tj ET Q q 0 0 0 rg BT 338.72 418.10 Td (demolition ) Tj ET Q q 0 0 0 rg BT 384.67 418.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 425.70 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 434.34 418.10 Td (e ) Tj ET Q q 0 0 0 rg BT 441.40 418.10 Td (also ) Tj ET Q q 0 0 0 rg BT 460.13 418.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 501.07 418.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 553.68 418.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 62.50 406.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.39 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.89 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.39 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.33 406.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 165.82 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.65 406.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 202.48 406.10 Td (held ) Tj ET Q q 0 0 0 rg BT 222.20 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.36 406.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 256.90 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.84 406.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 284.68 406.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 317.16 406.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 363.54 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.48 406.10 Td (other ) Tj ET Q q 0 0 0 rg BT 403.53 406.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 447.13 406.10 Td (assets. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (Interest Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.82 367.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 117.87 367.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.25 367.10 Td ($1) Tj ET Q q 0 0 0 rg BT 145.88 367.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 153.72 367.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.61 367.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.95 367.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 205.79 367.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.68 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.51 367.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.79 367.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 272.63 367.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.52 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.36 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.85 367.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.34 367.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 368.68 367.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 391.52 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.79 367.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.79 367.10 Td (, ) Tj ET Q q 0 0 0 rg BT 434.13 367.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 481.79 367.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.92 367.10 Td (The ) Tj ET Q q 0 0 0 rg BT 505.31 367.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 542.56 367.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.69 355.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 97.73 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.55 355.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 133.25 355.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 156.29 355.10 Td (was ) Tj ET Q q 0 0 0 rg BT 174.88 355.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 215.13 355.10 Td (due ) Tj ET Q q 0 0 0 rg BT 232.61 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.43 355.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 285.88 355.10 Td (average ) Tj ET Q q 0 0 0 rg BT 320.00 355.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 368.59 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.07 355.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 411.88 355.10 Td (average ) Tj ET Q q 0 0 0 rg BT 446.00 355.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 478.48 355.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 500.39 355.10 Td (under ) Tj ET Q q 0 0 0 rg BT 526.20 355.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.57 355.10 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.07 343.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 111.80 343.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 153.52 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.60 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.12 343.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 199.86 343.10 Td (year ) Tj ET Q q 0 0 0 rg BT 219.37 343.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 249.72 343.10 Td (For ) Tj ET Q q 0 0 0 rg BT 265.92 343.10 Td (more ) Tj ET Q q 0 0 0 rg BT 288.76 343.10 Td (information ) Tj ET Q q 0 0 0 rg BT 338.28 343.10 Td (about ) Tj ET Q q 0 0 0 rg BT 362.80 343.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.43 343.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 427.40 343.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 446.92 343.10 Td (balances, ) Tj ET Q q 0 0 0 rg BT 486.14 343.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.21 343.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 522.95 343.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.95 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.26 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.56 343.10 Td (Long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 331.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 73.46 331.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 95.40 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.67 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.39 331.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 146.22 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.50 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.22 331.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 226.49 331.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 266.20 331.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 312.58 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.86 331.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 341.47 331.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 353.13 331.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 381.46 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.29 331.10 Td (this ) Tj ET Q q 0 0 0 rg BT 409.23 331.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.61 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.80 310.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 101.30 310.10 Td (Expense ) Tj ET Q q 0 0 0 rg BT 138.80 310.10 Td (\(Benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (Income tax expense \(benefit\) was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.88 289.10 Td ($2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.28 289.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.28 289.10 Td ($\(57\) million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.33 289.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.77 289.10 Td ($14 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.16 289.10 Td ( for fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.97 289.10 Td (2014, 2013 and 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.41 289.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 530.07 289.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.39 271.10 Td (ef) Tj ET Q q 0 0 0 rg BT 74.98 271.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 104.02 271.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 118.07 271.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 134.89 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.51 271.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 168.00 271.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 189.84 271.10 Td (was ) Tj ET Q q 0 0 0 rg BT 207.23 271.10 Td (an ) Tj ET Q q 0 0 0 rg BT 218.50 271.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 252.55 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.72 271.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.88 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.16 271.10 Td (was ) Tj ET Q q 0 0 0 rg BT 316.55 271.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 341.15 271.10 Td (than ) Tj ET Q q 0 0 0 rg BT 360.21 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.26 271.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 393.88 271.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 423.48 271.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 460.31 271.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 477.13 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.30 271.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.63 271.10 Td (. ) Tj ET Q q 0 0 0 rg BT 509.83 271.10 Td (The ) Tj ET Q q 0 0 0 rg BT 527.22 271.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 271.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.31 259.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 81.39 259.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 120.69 259.10 Td (from ) Tj ET Q q 0 0 0 rg BT 142.22 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.75 259.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 171.39 259.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 192.92 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.23 259.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 229.33 259.10 Td (study ) Tj ET Q q 0 0 0 rg BT 253.09 259.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 296.83 259.10 Td (during ) Tj ET Q q 0 0 0 rg BT 325.03 259.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 348.78 259.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 370.88 259.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.41 259.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 431.16 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.03 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.34 259.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 502.97 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.40 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.93 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 534.24 259.10 Td (benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.52 247.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 72.71 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.60 247.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.28 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.80 247.10 Td (well ) Tj ET Q q 0 0 0 rg BT 136.21 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.72 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.13 247.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 202.18 247.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 231.58 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.09 247.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 283.72 247.10 Td (income ) Tj ET Q q 0 0 0 rg BT 315.34 247.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 358.62 247.10 Td (with ) Tj ET Q q 0 0 0 rg BT 378.58 247.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 439.65 247.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 477.67 247.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 508.73 247.10 Td (income ) Tj ET Q q 0 0 0 rg BT 540.35 247.10 Td (taxed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (at ) Tj ET Q q 0 0 0 rg BT 58.75 235.10 Td (dif) Tj ET Q q 0 0 0 rg BT 69.68 235.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 94.52 235.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 117.43 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.40 235.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 162.14 235.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 207.00 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.97 235.10 Td (credits. ) Tj ET Q q 0 0 0 rg BT 253.65 235.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 277.96 235.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 321.70 235.10 Td (items ) Tj ET Q q 0 0 0 rg BT 344.90 235.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 386.42 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.17 235.10 Td (ef) Tj ET Q q 0 0 0 rg BT 407.76 235.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 436.49 235.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 450.24 235.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.76 235.10 Td (included ) Tj ET Q q 0 0 0 rg BT 502.72 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.47 235.10 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.17 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.44 223.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 108.49 223.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 151.86 223.10 Td (against ) Tj ET Q q 0 0 0 rg BT 183.02 223.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 213.06 223.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 244.77 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.04 223.10 Td (state ) Tj ET Q q 0 0 0 rg BT 283.20 223.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 319.35 223.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.40 223.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 360.56 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.84 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.89 223.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 441.27 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.44 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.71 223.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 493.65 223.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.15 223.10 Td (unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.84 211.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 99.12 211.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.08 211.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 122.70 211.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.59 211.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.53 211.10 Td (The ) Tj ET Q q 0 0 0 rg BT 174.70 211.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 214.53 211.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 257.69 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.32 211.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 306.25 211.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 321.09 211.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 347.04 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.00 211.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 387.82 211.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 419.32 211.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.39 211.10 Td (state ) Tj ET Q q 0 0 0 rg BT 457.34 211.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 472.18 211.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 524.25 211.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.71 199.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 75.42 199.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.31 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.02 199.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 149.16 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.64 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.57 199.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 196.72 199.10 Td (year ) Tj ET Q q 0 0 0 rg BT 216.64 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.78 199.10 Td (was ) Tj ET Q q 0 0 0 rg BT 252.05 199.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 298.62 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.66 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.81 199.10 Td (result ) Tj ET Q q 0 0 0 rg BT 341.73 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.77 199.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 389.36 199.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 430.10 199.10 Td (including ) Tj ET Q q 0 0 0 rg BT 470.58 199.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 497.71 199.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 524.32 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.80 199.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 81.65 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.86 187.10 Td (state ) Tj ET Q q 0 0 0 rg BT 119.96 187.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 174.67 187.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 227.44 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.43 187.10 Td (more ) Tj ET Q q 0 0 0 rg BT 265.75 187.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 309.06 187.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 343.50 187.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 384.31 187.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 427.07 187.10 Td (that ) Tj ET Q q 0 0 0 rg BT 444.84 187.10 Td (it ) Tj ET Q q 0 0 0 rg BT 453.17 187.10 Td (is ) Tj ET Q q 0 0 0 rg BT 462.61 187.10 Td (more ) Tj ET Q q 0 0 0 rg BT 485.93 187.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 511.47 187.10 Td (than ) Tj ET Q q 0 0 0 rg BT 531.46 187.10 Td (not ) Tj ET Q q 0 0 0 rg BT 547.01 187.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.90 175.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 110.67 175.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 126.56 175.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 158.00 175.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.24 175.10 Td (not ) Tj ET Q q 0 0 0 rg BT 193.70 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.81 175.10 Td (realized. ) Tj ET Q q 0 0 0 rg BT 244.63 175.10 Td (Realization ) Tj ET Q q 0 0 0 rg BT 293.85 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.85 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.75 175.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 354.30 175.10 Td (subsidiaries' ) Tj ET Q q 0 0 0 rg BT 407.00 175.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 443.99 175.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.88 175.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 486.89 175.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.24 175.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 542.01 175.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 95.02 163.10 Td (suf) Tj ET Q q 0 0 0 rg BT 107.06 163.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 135.42 163.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 167.10 163.10 Td (income ) Tj ET Q q 0 0 0 rg BT 199.35 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.94 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 163.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 256.67 163.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.70 163.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 320.07 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.66 163.10 Td (future ) Tj ET Q q 0 0 0 rg BT 357.35 163.10 Td (years ) Tj ET Q q 0 0 0 rg BT 381.26 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.86 163.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 422.44 163.10 Td (from ) Tj ET Q q 0 0 0 rg BT 444.69 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.72 163.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 494.18 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.33 163.10 Td (net ) Tj ET Q q 0 0 0 rg BT 520.36 163.10 Td (deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 93.59 151.10 Td (dif) Tj ET Q q 0 0 0 rg BT 104.52 151.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 140.33 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.27 151.10 Td (from ) Tj ET Q q 0 0 0 rg BT 179.20 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.92 151.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 236.97 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.80 151.10 Td (net ) Tj ET Q q 0 0 0 rg BT 262.51 151.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.78 151.10 Td (losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.96 130.10 Td (ef) Tj ET Q q 0 0 0 rg BT 75.55 130.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.15 130.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.78 130.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.17 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.24 130.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 175.30 130.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 197.70 130.10 Td (was ) Tj ET Q q 0 0 0 rg BT 215.66 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.51 130.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 252.68 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.41 130.10 Td (17% ) Tj ET Q q 0 0 0 rg BT 284.15 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.99 130.10 Td (dif) Tj ET Q q 0 0 0 rg BT 311.92 130.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 334.86 130.10 Td (from ) Tj ET Q q 0 0 0 rg BT 356.71 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.33 130.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 391.52 130.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 421.68 130.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 459.08 130.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.47 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.21 130.10 Td (35% ) Tj ET Q q 0 0 0 rg BT 507.95 130.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 547.57 130.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.23 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.89 118.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 122.88 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.66 118.10 Td (an ) Tj ET Q q 0 0 0 rg BT 145.54 118.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.20 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.98 118.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 208.42 118.10 Td (million ) Tj ET Q q 0 0 0 rg BT 239.76 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.99 118.10 Td (record ) Tj ET Q q 0 0 0 rg BT 277.98 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.86 118.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 324.52 118.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 367.50 118.10 Td (on ) Tj ET Q q 0 0 0 rg BT 379.95 118.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 415.70 118.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 430.37 118.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 456.14 118.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 486.37 118.10 Td (related ) Tj ET Q q 0 0 0 rg BT 516.02 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.24 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.13 118.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 90.46 106.10 Td (, ) Tj ET Q q 0 0 0 rg BT 96.17 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.60 106.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.03 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.57 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.00 106.10 Td (non-deductible ) Tj ET Q q 0 0 0 rg BT 232.19 106.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 264.29 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.83 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.26 106.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 330.03 106.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 379.35 106.10 Td (char) Tj ET Q q 0 0 0 rg BT 396.37 106.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 409.02 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.67 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.10 106.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 472.53 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.07 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.50 106.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 531.59 106.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 547.02 106.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 94.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 96.61 94.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.98 94.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 149.11 94.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 175.37 94.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 212.72 94.10 Td (by ) Tj ET Q q 0 0 0 rg BT 225.09 94.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.79 94.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 272.03 94.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 323.95 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.86 94.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 377.54 94.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 392.13 94.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.83 94.10 Td (at ) Tj ET Q q 0 0 0 rg BT 427.41 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.00 94.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 473.25 94.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 516.72 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.75 94.10 Td (which ) Tj ET Q q 0 0 0 rg BT 557.56 94.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 88.92 82.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 131.17 82.10 Td (was ) Tj ET Q q 0 0 0 rg BT 148.43 82.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 185.11 82.10 Td (were ) Tj ET Q q 0 0 0 rg BT 206.25 82.10 Td (related ) Tj ET Q q 0 0 0 rg BT 235.17 82.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 274.09 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.58 82.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 326.94 82.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 369.74 82.10 Td (dif) Tj ET Q q 0 0 0 rg BT 380.67 82.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 415.69 82.10 Td (created ) Tj ET Q q 0 0 0 rg BT 446.26 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.75 82.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 479.11 82.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 500.82 82.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.53 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.46 82.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.60 70.10 Td (char) Tj ET Q q 0 0 0 rg BT 115.63 70.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 127.56 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.50 70.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.00 70.10 Td (net ) Tj ET Q q 0 0 0 rg BT 171.72 70.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 211.98 70.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 238.37 70.10 Td (at ) Tj ET Q q 0 0 0 rg BT 248.09 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.81 70.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 303.27 70.10 Td (. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (31) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.62 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.56 742.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 106.84 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.34 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 128.93 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 158.42 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 172.92 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 190.19 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 208.03 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 219.75 742.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 254.24 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.86 742.10 Td (33% ) Tj ET Q q 0 0 0 rg BT 285.47 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.20 742.10 Td (dif) Tj ET Q q 0 0 0 rg BT 313.13 742.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 335.95 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.67 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.17 742.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 392.24 742.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 422.28 742.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 459.56 742.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.83 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.45 742.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.78 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.06 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.56 730.10 Td (state ) Tj ET Q q 0 0 0 rg BT 81.67 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.66 730.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 131.10 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.32 730.10 Td (research ) Tj ET Q q 0 0 0 rg BT 184.40 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.62 730.10 Td (development ) Tj ET Q q 0 0 0 rg BT 256.05 730.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 287.99 730.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 324.09 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 332.24 730.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 349.46 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 362.24 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.24 730.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 410.56 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 440.55 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.66 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 483.32 730.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 533.12 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.90 730.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 74.16 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 83.87 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 94.80 718.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 120.62 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 135.33 718.10 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 697.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.23 697.10 Td (will ) Tj ET Q q 0 0 0 rg BT 82.95 697.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 119.54 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.47 697.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 167.72 697.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 194.33 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.70 697.10 Td (realizability ) Tj ET Q q 0 0 0 rg BT 258.61 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.10 697.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 304.56 697.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 318.93 697.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 346.92 697.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 383.52 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.45 697.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 432.82 697.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 468.86 697.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 521.54 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.13 697.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.76 685.10 Td (projections, ) Tj ET Q q 0 0 0 rg BT 136.58 685.10 Td (among ) Tj ET Q q 0 0 0 rg BT 166.67 685.10 Td (other ) Tj ET Q q 0 0 0 rg BT 190.10 685.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 222.69 685.10 Td (may ) Tj ET Q q 0 0 0 rg BT 242.79 685.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 267.88 685.10 Td (us ) Tj ET Q q 0 0 0 rg BT 279.66 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.32 685.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 317.08 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.30 685.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 373.39 685.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 416.81 685.10 Td (on ) Tj ET Q q 0 0 0 rg BT 429.69 685.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 465.88 685.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 480.98 685.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 509.69 685.10 Td (which ) Tj ET Q q 0 0 0 rg BT 537.01 685.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.99 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.10 673.10 Td (results ) Tj ET Q q 0 0 0 rg BT 124.99 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.10 673.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 180.54 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.10 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.10 673.10 Td (period ) Tj ET Q q 0 0 0 rg BT 234.42 673.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.86 673.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 291.63 673.10 Td (that ) Tj ET Q q 0 0 0 rg BT 309.40 673.10 Td (these ) Tj ET Q q 0 0 0 rg BT 332.73 673.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 362.72 673.10 Td (have ) Tj ET Q q 0 0 0 rg BT 384.38 673.10 Td (changed. ) Tj ET Q q 0 0 0 rg BT 422.36 673.10 Td (As ) Tj ET Q q 0 0 0 rg BT 436.25 673.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.75 673.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 493.42 673.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.42 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 518.70 673.10 Td (we ) Tj ET Q q 0 0 0 rg BT 533.14 673.10 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 661.10 Td (it ) Tj ET Q q 0 0 0 rg BT 75.55 661.10 Td (is ) Tj ET Q q 0 0 0 rg BT 84.72 661.10 Td (more ) Tj ET Q q 0 0 0 rg BT 107.77 661.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 133.04 661.10 Td (than ) Tj ET Q q 0 0 0 rg BT 152.76 661.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.04 661.10 Td (that ) Tj ET Q q 0 0 0 rg BT 185.53 661.10 Td (we ) Tj ET Q q 0 0 0 rg BT 199.69 661.10 Td (will ) Tj ET Q q 0 0 0 rg BT 217.75 661.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 246.89 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.61 661.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 295.76 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.59 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.42 661.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 358.23 661.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 372.94 661.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 401.27 661.10 Td (net ) Tj ET Q q 0 0 0 rg BT 415.99 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.82 661.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 466.53 661.10 Td (allowances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.63 640.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 90.27 640.10 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.27 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.46 640.10 Td (- ) Tj ET Q q 0 0 0 rg BT 109.99 640.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 142.94 640.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.35 640.10 Td (axes ) Tj ET Q q 0 0 0 rg BT 169.31 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.28 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.69 640.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 222.22 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.19 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.60 640.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 304.57 640.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 344.98 640.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 392.06 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.03 640.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 422.33 640.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 434.69 640.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 463.71 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.23 640.10 Td (this ) Tj ET Q q 0 0 0 rg BT 492.87 640.10 Td (report ) Tj ET Q q 0 0 0 rg BT 519.95 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 534.80 640.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (discussion.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.37 589.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.07 589.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 108.62 589.10 Td (we ) Tj ET Q q 0 0 0 rg BT 122.32 589.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 159.36 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.74 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.22 589.10 Td (component ) Tj ET Q q 0 0 0 rg BT 222.70 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.07 589.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.44 589.10 Td (business ) Tj ET Q q 0 0 0 rg BT 284.38 589.10 Td (which ) Tj ET Q q 0 0 0 rg BT 310.86 589.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 348.44 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.15 589.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 396.95 589.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 451.75 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.12 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.60 589.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 521.75 589.10 Td (operation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.68 577.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 86.68 577.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 112.53 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 127.53 577.10 Td (released ) Tj ET Q q 0 0 0 rg BT 163.64 577.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 194.18 577.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 255.29 577.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 295.85 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 314.20 577.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 338.64 577.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.43 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.21 577.10 Td (were ) Tj ET Q q 0 0 0 rg BT 401.99 577.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 435.88 577.10 Td (related ) Tj ET Q q 0 0 0 rg BT 466.43 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.55 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.12 577.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 538.12 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 577.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (component ) Tj ET Q q 0 0 0 rg BT 97.18 565.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 119.36 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.88 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.84 565.10 Td (disposal, ) Tj ET Q q 0 0 0 rg BT 182.87 565.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 220.61 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.13 565.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 279.41 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.49 565.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.67 565.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 310.42 565.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.31 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.05 565.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 362.01 565.10 Td (from ) Tj ET Q q 0 0 0 rg BT 384.19 565.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 438.04 565.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 484.94 565.10 Td (net ) Tj ET Q q 0 0 0 rg BT 499.90 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.98 565.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 528.44 565.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.51 565.10 Td ($0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (per ) Tj ET Q q 0 0 0 rg BT 65.27 553.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 95.54 553.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 121.64 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.92 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.64 553.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 201.91 553.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 244.40 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.23 553.10 Td (Operations.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (32) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Financial r) Tj ET Q q 0 0 0 rg BT 96.76 742.25 Td (esults by r) Tj ET Q q 0 0 0 rg BT 140.47 742.25 Td (eporting segment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 721.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.17 721.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.68 721.25 Td (our ) Tj ET Q q 0 0 0 rg BT 112.10 721.25 Td (business ) Tj ET Q q 0 0 0 rg BT 148.08 721.25 Td (across ) Tj ET Q q 0 0 0 rg BT 175.16 721.25 Td (three ) Tj ET Q q 0 0 0 rg BT 197.23 721.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 235.97 721.25 Td (segments: ) Tj ET Q q 0 0 0 rg BT 278.06 721.25 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 304.42 721.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 325.96 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 342.49 721.25 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 367.74 721.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 412.60 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.67 721.25 Td (information ) Tj ET Q q 0 0 0 rg BT 498.97 721.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 531.60 721.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.47 721.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.11 709.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 128.77 709.25 Td (is ) Tj ET Q q 0 0 0 rg BT 137.89 709.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 179.21 709.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.44 709.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 211.33 709.25 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.33 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.78 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 231.23 709.25 Td (Segment ) Tj ET Q q 0 0 0 rg BT 268.68 709.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 318.89 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.12 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.79 709.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 369.57 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.80 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.46 709.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 449.69 709.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 489.35 709.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 535.68 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 545.91 709.25 Td (Part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 61.66 697.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 89.99 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 697.25 Td (this ) Tj ET Q q 0 0 0 rg BT 117.76 697.25 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (Metals ) Tj ET Q q 0 0 0 rg BT 80.28 676.25 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 123.32 676.25 Td (Business) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 617.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 617.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 617.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 617.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 617.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 617.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 617.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 617.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 617.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 587.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 587.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 587.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 587.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 587.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 587.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 587.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 587.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 587.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 557.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 557.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 557.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 557.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 557.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 557.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 557.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 557.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 557.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 557.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 527.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 527.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 527.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 527.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 527.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 527.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 527.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 527.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 527.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 497.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 497.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 497.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 497.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 497.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 497.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 497.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 497.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 497.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 467.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 467.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 467.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 467.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 467.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 467.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 467.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 467.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 467.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 467.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 427.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 427.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 427.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 427.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 427.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 427.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 427.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 427.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 427.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 397.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 397.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 397.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 397.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 397.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 397.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 397.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 397.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 397.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 367.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 367.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 367.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 367.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 367.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 367.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 327.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 327.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 287.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 287.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 287.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 287.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 287.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 287.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 287.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 287.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 287.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 287.75 60.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 645.75 m 306.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 645.75 m 310.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 645.75 m 370.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 645.75 m 374.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 645.75 m 434.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 645.75 m 438.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 645.75 m 498.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 645.75 m 502.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 645.75 m 562.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 631.75 m 498.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 631.75 m 502.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 631.75 m 562.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 617.75 m 306.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 617.75 m 370.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 617.75 m 434.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 617.75 m 498.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 631.75 m 562.5 631.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 617.75 m 562.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 617.75 m 306.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 617.75 m 370.5 617.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 572.75 m 306.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 572.75 m 370.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 572.75 m 434.5 572.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 482.75 m 306.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 482.75 m 370.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 482.75 m 434.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 482.75 m 306.5 482.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 467.75 m 306.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 482.75 m 370.5 482.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 467.75 m 370.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 482.75 m 434.5 482.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 467.75 m 434.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 352.75 m 306.5 352.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 352.75 m 370.5 352.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 352.75 m 434.5 352.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.50 650.43 Td (For the Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 636.43 Td (%Increase/\(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 622.43 Td (\($ in thousands, except for prices\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 622.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 622.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 622.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 622.43 Td (2014vs2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 622.43 Td (2013vs2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.42 Td (Ferrous revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 607.42 Td (1,581,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 607.42 Td (1,677,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 607.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 607.42 Td (2,297,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 607.42 Td (\(6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 607.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 607.42 Td (\(27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 607.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.42 Td (Nonferrous revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 592.42 Td (494,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 592.42 Td (501,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 592.42 Td (614,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 592.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 592.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 592.42 Td (\(18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 592.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 577.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 577.42 Td (27,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 577.42 Td (31,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 577.42 Td (36,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 577.42 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 577.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 577.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 577.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 562.42 Td (Total segment revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 562.42 Td (2,102,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 562.42 Td (2,210,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 562.42 Td (2,948,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 562.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 562.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 562.42 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 562.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 547.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.60 547.42 Td (1,989,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 547.42 Td (2,095,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 547.42 Td (2,780,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 547.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 547.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 547.42 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 547.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 532.42 Td (Selling, general and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 532.42 Td (84,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 532.42 Td (93,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 532.42 Td (106,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 532.42 Td (\(10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 532.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 532.42 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 532.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.42 Td (Income from joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.80 517.42 Td (\(1,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 517.47 Td (\(1,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 517.47 Td (\(2,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 517.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 517.42 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 517.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 517.42 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 517.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.42 Td (Goodwill impairment charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 502.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 502.42 Td (321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 502.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 502.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 502.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 487.42 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 487.42 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 487.42 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 487.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 487.42 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 487.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 487.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 472.42 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 472.42 Td (30,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 472.47 Td (\(311,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 472.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 472.42 Td (63,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.85 472.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 472.42 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 457.42 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 457.42 Td (verage recycled ferrous metal sales prices \($/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 447.42 Td (L) Tj ET Q q 0 0 0 rg BT 58.19 447.42 Td (T\):) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 70.41 451.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 432.42 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 432.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 432.42 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 432.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 432.42 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 432.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 432.42 Td (406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 432.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 432.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 432.42 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 432.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 417.42 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 417.42 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 417.42 Td (359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 417.42 Td (417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 417.42 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 417.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 417.42 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 417.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 402.42 Td (Average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 402.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 402.42 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 402.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 402.42 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 402.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 402.42 Td (415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 402.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 402.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 402.42 Td (\(14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 402.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 387.42 Td (Ferrous sales volume \(LT, in thousands\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 372.42 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 372.42 Td (1,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 372.42 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 372.42 Td (1,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 372.42 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 372.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 372.42 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 372.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 357.42 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 357.42 Td (2,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 357.42 Td (3,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 357.42 Td (3,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 357.42 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 357.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 357.42 Td (\(19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 357.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 342.42 Td (Total ferrous sales volume \(LT, in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 332.42 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 332.42 Td (4,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 332.42 Td (4,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 332.42 Td (5,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 332.42 Td (\(4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 332.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 332.42 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 332.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 317.42 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 317.42 Td (verage nonferrous sales price \($/pound\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.31 321.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 317.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.15 317.42 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 317.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 317.42 Td (0.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 317.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 317.42 Td (0.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 317.42 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 317.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 317.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 317.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.42 Td (Nonferrous sales volumes \(pounds, in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 292.42 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 292.42 Td (554,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 292.42 Td (520,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 292.42 Td (628,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 292.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 292.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 292.42 Td (\(17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 292.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.42 Td (Outbound freight included in cost of goods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 267.42 Td (sold \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 267.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 267.42 Td (144,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 267.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 267.42 Td (148,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 267.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 267.42 Td (196,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.95 267.42 Td (\(3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 267.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 267.42 Td (\(24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 267.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 253.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 241.05 Td (L) Tj ET Q q 0 0 0 rg BT 54.15 241.05 Td (T) Tj ET Q q 0 0 0 rg BT 58.89 241.05 Td ( = Long ) Tj ET Q q 0 0 0 rg BT 86.15 241.05 Td (T) Tj ET Q q 0 0 0 rg BT 90.48 241.05 Td (on, which is 2,240 pounds) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 228.45 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 228.45 Td (Price ) Tj ET Q q 0 0 0 rg BT 86.44 228.45 Td (information ) Tj ET Q q 0 0 0 rg BT 126.21 228.45 Td (is ) Tj ET Q q 0 0 0 rg BT 133.54 228.45 Td (shown ) Tj ET Q q 0 0 0 rg BT 156.43 228.45 Td (after ) Tj ET Q q 0 0 0 rg BT 173.09 228.45 Td (netting ) Tj ET Q q 0 0 0 rg BT 197.30 228.45 Td (the ) Tj ET Q q 0 0 0 rg BT 209.08 228.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.96 228.45 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 228.45 Td (freight ) Tj ET Q q 0 0 0 rg BT 255.95 228.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 284.61 228.45 Td (to ) Tj ET Q q 0 0 0 rg BT 292.83 228.45 Td (deliver ) Tj ET Q q 0 0 0 rg BT 317.04 228.45 Td (the ) Tj ET Q q 0 0 0 rg BT 328.81 228.45 Td (product ) Tj ET Q q 0 0 0 rg BT 355.25 228.45 Td (to ) Tj ET Q q 0 0 0 rg BT 363.47 228.45 Td (the ) Tj ET Q q 0 0 0 rg BT 375.25 228.45 Td (customer) Tj ET Q q 0 0 0 rg BT 404.13 228.45 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 200.11699218750005 m 77.4951171875 200.11699218750005 l s q 0 0 0 rg BT 50.00 201.45 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 200.11699218750005 m 97.4951171875 200.11699218750005 l s q 0 0 0 rg BT 77.50 201.45 Td (2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 200.11699218750005 m 186.005859375 200.11699218750005 l s q 0 0 0 rg BT 97.50 201.45 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 201.45 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 201.45 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 201.45 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 201.45 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 200.11699218750005 m 206.005859375 200.11699218750005 l s q 0 0 0 rg BT 186.01 201.45 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 201.45 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 186.45 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.45 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.16 171.45 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.49 171.45 Td ( ) Tj ET Q q 0 0 0 rg BT 84.10 171.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 121.12 171.45 Td (in ) Tj ET Q q 0 0 0 rg BT 131.51 171.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 162.44 171.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 200.59 171.45 Td (was ) Tj ET Q q 0 0 0 rg BT 218.75 171.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 258.57 171.45 Td (due ) Tj ET Q q 0 0 0 rg BT 275.62 171.45 Td (to ) Tj ET Q q 0 0 0 rg BT 286.01 171.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 311.38 171.45 Td (average ) Tj ET Q q 0 0 0 rg BT 345.08 171.45 Td (net ) Tj ET Q q 0 0 0 rg BT 359.90 171.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 389.18 171.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 415.67 171.45 Td (and ) Tj ET Q q 0 0 0 rg BT 432.71 171.45 Td (reduced ) Tj ET Q q 0 0 0 rg BT 466.97 171.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 489.02 171.45 Td (volumes ) Tj ET Q q 0 0 0 rg BT 525.52 171.45 Td (of ) Tj ET Q q 0 0 0 rg BT 536.46 171.45 Td (export ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 81.36 159.45 Td (metal ) Tj ET Q q 0 0 0 rg BT 106.61 159.45 Td (as ) Tj ET Q q 0 0 0 rg BT 117.97 159.45 Td (a ) Tj ET Q q 0 0 0 rg BT 125.45 159.45 Td (result ) Tj ET Q q 0 0 0 rg BT 150.70 159.45 Td (of ) Tj ET Q q 0 0 0 rg BT 162.07 159.45 Td (continued ) Tj ET Q q 0 0 0 rg BT 204.54 159.45 Td (weak ) Tj ET Q q 0 0 0 rg BT 228.68 159.45 Td (economic ) Tj ET Q q 0 0 0 rg BT 270.59 159.45 Td (conditions ) Tj ET Q q 0 0 0 rg BT 315.29 159.45 Td (globally ) Tj ET Q q 0 0 0 rg BT 351.10 159.45 Td (that ) Tj ET Q q 0 0 0 rg BT 369.13 159.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 410.48 159.45 Td (impacted ) Tj ET Q q 0 0 0 rg BT 450.17 159.45 Td (export ) Tj ET Q q 0 0 0 rg BT 478.75 159.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 513.45 159.45 Td (for ) Tj ET Q q 0 0 0 rg BT 528.14 159.45 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.45 Td (metal, ) Tj ET Q q 0 0 0 rg BT 77.06 147.45 Td (which ) Tj ET Q q 0 0 0 rg BT 103.84 147.45 Td (was ) Tj ET Q q 0 0 0 rg BT 121.74 147.45 Td (only ) Tj ET Q q 0 0 0 rg BT 141.86 147.45 Td (partially ) Tj ET Q q 0 0 0 rg BT 177.53 147.45 Td (of) Tj ET Q q 0 0 0 rg BT 185.68 147.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 202.46 147.45 Td (by ) Tj ET Q q 0 0 0 rg BT 214.81 147.45 Td (higher ) Tj ET Q q 0 0 0 rg BT 242.70 147.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 264.48 147.45 Td (volumes ) Tj ET Q q 0 0 0 rg BT 300.71 147.45 Td (for ) Tj ET Q q 0 0 0 rg BT 314.72 147.45 Td (domestic ) Tj ET Q q 0 0 0 rg BT 353.17 147.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 374.95 147.45 Td (of ) Tj ET Q q 0 0 0 rg BT 385.63 147.45 Td (recycled ) Tj ET Q q 0 0 0 rg BT 421.83 147.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 452.50 147.45 Td (metal. ) Tj ET Q q 0 0 0 rg BT 479.56 147.45 Td (Export ) Tj ET Q q 0 0 0 rg BT 509.12 147.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 538.13 147.45 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.63 135.45 Td (recycled ) Tj ET Q q 0 0 0 rg BT 96.79 135.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 127.40 135.45 Td (metal ) Tj ET Q q 0 0 0 rg BT 151.91 135.45 Td (declined ) Tj ET Q q 0 0 0 rg BT 188.08 135.45 Td (sharply ) Tj ET Q q 0 0 0 rg BT 219.81 135.45 Td (for ) Tj ET Q q 0 0 0 rg BT 233.77 135.45 Td (shipments ) Tj ET Q q 0 0 0 rg BT 276.62 135.45 Td (in ) Tj ET Q q 0 0 0 rg BT 286.70 135.45 Td (the ) Tj ET Q q 0 0 0 rg BT 301.21 135.45 Td (middle ) Tj ET Q q 0 0 0 rg BT 331.28 135.45 Td (of ) Tj ET Q q 0 0 0 rg BT 341.91 135.45 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.86 135.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.86 135.45 Td ( ) Tj ET Q q 0 0 0 rg BT 388.16 135.45 Td (as ) Tj ET Q q 0 0 0 rg BT 398.78 135.45 Td (a ) Tj ET Q q 0 0 0 rg BT 405.52 135.45 Td (result ) Tj ET Q q 0 0 0 rg BT 430.03 135.45 Td (of ) Tj ET Q q 0 0 0 rg BT 440.66 135.45 Td (weaker ) Tj ET Q q 0 0 0 rg BT 471.82 135.45 Td (global ) Tj ET Q q 0 0 0 rg BT 499.11 135.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 533.06 135.45 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 135.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.75 123.45 Td (of ) Tj ET Q q 0 0 0 rg BT 90.61 123.45 Td (severe ) Tj ET Q q 0 0 0 rg BT 118.69 123.45 Td (winter ) Tj ET Q q 0 0 0 rg BT 146.77 123.45 Td (weather ) Tj ET Q q 0 0 0 rg BT 180.95 123.45 Td (conditions ) Tj ET Q q 0 0 0 rg BT 225.15 123.45 Td (on ) Tj ET Q q 0 0 0 rg BT 237.69 123.45 Td (the ) Tj ET Q q 0 0 0 rg BT 252.44 123.45 Td (domestic ) Tj ET Q q 0 0 0 rg BT 291.08 123.45 Td (markets, ) Tj ET Q q 0 0 0 rg BT 327.77 123.45 Td (partially ) Tj ET Q q 0 0 0 rg BT 363.62 123.45 Td (of) Tj ET Q q 0 0 0 rg BT 371.77 123.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 388.75 123.45 Td (by ) Tj ET Q q 0 0 0 rg BT 401.28 123.45 Td (a ) Tj ET Q q 0 0 0 rg BT 408.26 123.45 Td (slight ) Tj ET Q q 0 0 0 rg BT 433.02 123.45 Td (recovery ) Tj ET Q q 0 0 0 rg BT 470.53 123.45 Td (in ) Tj ET Q q 0 0 0 rg BT 480.85 123.45 Td (export ) Tj ET Q q 0 0 0 rg BT 508.93 123.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 538.13 123.45 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.45 Td (for ) Tj ET Q q 0 0 0 rg BT 63.78 111.45 Td (shipments ) Tj ET Q q 0 0 0 rg BT 106.46 111.45 Td (near ) Tj ET Q q 0 0 0 rg BT 125.78 111.45 Td (the ) Tj ET Q q 0 0 0 rg BT 140.12 111.45 Td (end ) Tj ET Q q 0 0 0 rg BT 156.67 111.45 Td (of ) Tj ET Q q 0 0 0 rg BT 167.12 111.45 Td (the ) Tj ET Q q 0 0 0 rg BT 181.46 111.45 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 205.23 111.45 Td (year) Tj ET Q q 0 0 0 rg BT 221.89 111.45 Td (. ) Tj ET Q q 0 0 0 rg BT 226.04 111.45 Td (A) Tj ET Q q 0 0 0 rg BT 232.71 111.45 Td ( ) Tj ET Q q 0 0 0 rg BT 234.83 111.45 Td (combination ) Tj ET Q q 0 0 0 rg BT 286.94 111.45 Td (of ) Tj ET Q q 0 0 0 rg BT 297.39 111.45 Td (weaker ) Tj ET Q q 0 0 0 rg BT 328.38 111.45 Td (export ) Tj ET Q q 0 0 0 rg BT 356.04 111.45 Td (demand ) Tj ET Q q 0 0 0 rg BT 389.82 111.45 Td (and ) Tj ET Q q 0 0 0 rg BT 406.37 111.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 456.26 111.45 Td (for ) Tj ET Q q 0 0 0 rg BT 470.04 111.45 Td (available ) Tj ET Q q 0 0 0 rg BT 508.25 111.45 Td (raw ) Tj ET Q q 0 0 0 rg BT 525.36 111.45 Td (materials ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.45 Td (continued ) Tj ET Q q 0 0 0 rg BT 91.93 99.45 Td (to ) Tj ET Q q 0 0 0 rg BT 102.21 99.45 Td (adversely ) Tj ET Q q 0 0 0 rg BT 143.03 99.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 172.74 99.45 Td (supply) Tj ET Q q 0 0 0 rg BT 198.76 99.45 Td (, ) Tj ET Q q 0 0 0 rg BT 203.76 99.45 Td (which ) Tj ET Q q 0 0 0 rg BT 230.70 99.45 Td (contributed ) Tj ET Q q 0 0 0 rg BT 278.74 99.45 Td (to ) Tj ET Q q 0 0 0 rg BT 289.02 99.45 Td (the ) Tj ET Q q 0 0 0 rg BT 303.74 99.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 329.00 99.45 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 359.82 99.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 381.76 99.45 Td (volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.45 Td (The ) Tj ET Q q 0 0 0 rg BT 68.35 75.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 105.57 75.45 Td (in ) Tj ET Q q 0 0 0 rg BT 116.16 75.45 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 162.29 75.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 200.63 75.45 Td (was ) Tj ET Q q 0 0 0 rg BT 218.99 75.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 259.01 75.45 Td (due ) Tj ET Q q 0 0 0 rg BT 276.25 75.45 Td (to ) Tj ET Q q 0 0 0 rg BT 286.84 75.45 Td (lower ) Tj ET Q q 0 0 0 rg BT 312.41 75.45 Td (average ) Tj ET Q q 0 0 0 rg BT 346.30 75.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 375.77 75.45 Td (prices ) Tj ET Q q 0 0 0 rg BT 402.46 75.45 Td (as ) Tj ET Q q 0 0 0 rg BT 413.59 75.45 Td (a ) Tj ET Q q 0 0 0 rg BT 420.84 75.45 Td (result ) Tj ET Q q 0 0 0 rg BT 445.86 75.45 Td (of ) Tj ET Q q 0 0 0 rg BT 457.00 75.45 Td (continued ) Tj ET Q q 0 0 0 rg BT 499.24 75.45 Td (weak ) Tj ET Q q 0 0 0 rg BT 523.15 75.45 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.45 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 96.02 63.45 Td (which ) Tj ET Q q 0 0 0 rg BT 122.31 63.45 Td (more ) Tj ET Q q 0 0 0 rg BT 144.71 63.45 Td (than ) Tj ET Q q 0 0 0 rg BT 163.79 63.45 Td (of) Tj ET Q q 0 0 0 rg BT 171.93 63.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 188.23 63.45 Td (the ) Tj ET Q q 0 0 0 rg BT 202.30 63.45 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 243.57 63.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 272.64 63.45 Td (on ) Tj ET Q q 0 0 0 rg BT 284.49 63.45 Td (sales ) Tj ET Q q 0 0 0 rg BT 305.79 63.45 Td (volumes ) Tj ET Q q 0 0 0 rg BT 341.53 63.45 Td (of ) Tj ET Q q 0 0 0 rg BT 351.71 63.45 Td (improved ) Tj ET Q q 0 0 0 rg BT 391.89 63.45 Td (recovery ) Tj ET Q q 0 0 0 rg BT 428.72 63.45 Td (of ) Tj ET Q q 0 0 0 rg BT 438.91 63.45 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 484.08 63.45 Td (materials ) Tj ET Q q 0 0 0 rg BT 522.59 63.45 Td (processed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.45 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 51.45 Td (our ) Tj ET Q q 0 0 0 rg BT 99.44 51.45 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 139.69 51.45 Td (processing ) Tj ET Q q 0 0 0 rg BT 184.96 51.45 Td (technologies.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (33) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Segment Operating Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 731.03 34.99 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 724.10 Td (Operatin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.99 724.10 Td (g ) Tj ET Q q 0 0 0 rg BT 93.29 724.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.04 724.10 Td (f) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 129.37 731.03 36.60 -9.09 re f /GS0 gs q 0 0 0 rg BT 129.37 724.10 Td (or ) Tj ET Q q 0 0 0 rg BT 141.00 724.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 165.97 731.03 20.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 165.97 724.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 185.97 731.03 18.86 -9.09 re f /GS0 gs q 0 0 0 rg BT 185.97 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.27 724.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.83 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.13 724.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 226.44 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.33 724.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.14 724.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 303.87 724.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.96 724.10 Td (an ) Tj ET Q q 0 0 0 rg BT 327.71 724.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 368.78 724.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 387.65 724.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.29 724.10 Td ($312 ) Tj ET Q q 0 0 0 rg BT 422.60 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.49 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.79 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.88 724.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.41 724.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 504.15 724.10 Td (year) Tj ET Q q 0 0 0 rg BT 520.81 724.10 Td (. ) Tj ET Q q 0 0 0 rg BT 525.89 724.10 Td (Adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.44 712.10 Td (income ) Tj ET Q q 0 0 0 rg BT 120.54 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.99 712.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.32 712.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.32 712.10 Td (, ) Tj ET Q q 0 0 0 rg BT 177.49 712.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 218.59 712.10 Td (other ) Tj ET Q q 0 0 0 rg BT 240.81 712.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 261.92 712.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 309.69 712.10 Td (char) Tj ET Q q 0 0 0 rg BT 326.72 712.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 341.72 712.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.72 712.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 363.39 712.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.28 712.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.45 712.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.68 712.10 Td ($31 ) Tj ET Q q 0 0 0 rg BT 430.35 712.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.24 712.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.41 712.10 Td (an ) Tj ET Q q 0 0 0 rg BT 474.52 712.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.95 712.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.95 712.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 530.62 712.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 712.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.94 700.10 Td (38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.27 700.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.37 700.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 126.40 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.78 700.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 172.71 700.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 213.08 700.10 Td (income ) Tj ET Q q 0 0 0 rg BT 245.12 700.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.50 700.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.76 700.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.76 700.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.37 700.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 321.07 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.89 700.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 393.47 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.83 700.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 442.55 700.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 467.38 700.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 507.75 700.10 Td (income ) Tj ET Q q 0 0 0 rg BT 539.79 700.10 Td (\(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.70 688.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 107.10 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.02 688.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 148.15 688.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 188.39 688.10 Td (at ) Tj ET Q q 0 0 0 rg BT 197.53 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.67 688.10 Td (end ) Tj ET Q q 0 0 0 rg BT 228.02 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.27 688.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 258.52 688.10 Td (7\). ) Tj ET Q q 0 0 0 rg BT 271.26 688.10 Td (Export ) Tj ET Q q 0 0 0 rg BT 300.40 688.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 328.98 688.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 354.78 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.36 688.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 404.14 688.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 434.38 688.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 458.51 688.10 Td (were ) Tj ET Q q 0 0 0 rg BT 479.86 688.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.10 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.80 688.10 Td (downward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 86.87 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.20 676.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 123.40 676.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 149.45 676.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 182.44 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.76 676.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 225.08 676.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 251.40 676.10 Td (average ) Tj ET Q q 0 0 0 rg BT 286.03 676.10 Td (export ) Tj ET Q q 0 0 0 rg BT 315.13 676.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 345.34 676.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 372.77 676.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 415.74 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.07 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.84 676.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 465.83 676.10 Td (year) Tj ET Q q 0 0 0 rg BT 482.48 676.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.27 676.10 Td (The ) Tj ET Q q 0 0 0 rg BT 507.37 676.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 542.58 676.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 101.87 664.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 162.07 664.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 205.05 664.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 224.15 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.47 664.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 262.35 664.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 282.01 664.10 Td (at ) Tj ET Q q 0 0 0 rg BT 292.22 664.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 317.44 664.10 Td (were ) Tj ET Q q 0 0 0 rg BT 339.86 664.10 Td (lar) Tj ET Q q 0 0 0 rg BT 350.22 664.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 370.43 664.10 Td (of) Tj ET Q q 0 0 0 rg BT 378.58 664.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 396.01 664.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.00 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.21 664.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 466.63 664.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 516.27 664.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 547.58 664.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 96.16 652.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.76 652.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 171.26 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.54 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.60 652.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 233.65 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.81 652.10 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 288.20 652.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 337.13 652.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 366.64 652.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 411.14 652.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.64 652.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 443.47 652.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 482.96 652.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 515.23 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.85 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.13 652.10 Td (modest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 105.22 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.90 640.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 150.13 640.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 189.79 640.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 220.31 640.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 262.19 640.10 Td (results ) Tj ET Q q 0 0 0 rg BT 290.20 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.88 640.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 323.44 640.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 345.34 640.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 384.45 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 405.79 640.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 458.78 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.12 640.10 Td (cost-saving ) Tj ET Q q 0 0 0 rg BT 522.57 640.10 Td (initiatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.75 628.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 84.51 628.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 116.48 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.79 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.76 628.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 174.05 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.36 628.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 211.59 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.13 628.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 252.76 628.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.62 628.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 281.15 628.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.04 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.89 628.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.97 628.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 369.91 628.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 411.87 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.18 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.93 628.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.90 628.10 Td (year ) Tj ET Q q 0 0 0 rg BT 478.64 628.10 Td (was ) Tj ET Q q 0 0 0 rg BT 496.72 628.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 524.80 628.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.08 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.60 616.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 111.45 616.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.86 616.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 135.94 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.83 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.91 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.77 616.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 220.72 616.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 279.35 616.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 314.63 616.10 Td (from ) Tj ET Q q 0 0 0 rg BT 337.15 616.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 381.33 616.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 422.17 616.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.69 616.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 452.77 616.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.67 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.75 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 495.61 616.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 547.56 616.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 81.39 604.10 Td (services ) Tj ET Q q 0 0 0 rg BT 116.09 604.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.83 583.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 84.99 583.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 109.99 583.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.15 583.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 161.62 583.10 Td (other ) Tj ET Q q 0 0 0 rg BT 184.67 583.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 206.61 583.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 255.21 583.10 Td (char) Tj ET Q q 0 0 0 rg BT 272.23 583.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 288.06 583.10 Td (at ) Tj ET Q q 0 0 0 rg BT 297.78 583.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 322.51 583.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.34 583.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 345.84 583.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.73 583.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.23 583.10 Td (on ) Tj ET Q q 0 0 0 rg BT 389.73 583.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 415.56 583.10 Td (held ) Tj ET Q q 0 0 0 rg BT 435.28 583.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.44 583.10 Td (sale.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 560.7669921875 m 77.4951171875 560.7669921875 l s q 0 0 0 rg BT 50.00 562.10 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 560.7669921875 m 97.4951171875 560.7669921875 l s q 0 0 0 rg BT 77.50 562.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 560.7669921875 m 186.005859375 560.7669921875 l s q 0 0 0 rg BT 97.50 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 562.10 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 562.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 562.10 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 560.7669921875 m 206.005859375 560.7669921875 l s q 0 0 0 rg BT 186.01 562.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 562.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.13 523.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 105.12 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.03 523.10 Td (27% ) Tj ET Q q 0 0 0 rg BT 136.93 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.29 523.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 178.19 523.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 216.30 523.10 Td (was ) Tj ET Q q 0 0 0 rg BT 234.43 523.10 Td (due ) Tj ET Q q 0 0 0 rg BT 251.45 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.81 523.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 287.15 523.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 309.17 523.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 345.63 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.65 523.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 388.00 523.10 Td (average ) Tj ET Q q 0 0 0 rg BT 421.66 523.10 Td (net ) Tj ET Q q 0 0 0 rg BT 436.46 523.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 465.70 523.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 492.15 523.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.39 523.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 537.29 523.10 Td (metal. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (During ) Tj ET Q q 0 0 0 rg BT 79.90 511.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 103.12 511.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 127.18 511.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 160.41 511.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.63 511.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 209.06 511.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 238.95 511.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 262.73 511.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 303.73 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.07 511.10 Td (soften ) Tj ET Q q 0 0 0 rg BT 339.08 511.10 Td (due ) Tj ET Q q 0 0 0 rg BT 355.08 511.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.86 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.20 511.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 425.87 511.10 Td (global ) Tj ET Q q 0 0 0 rg BT 452.43 511.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 517.85 511.10 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.65 499.10 Td (led ) Tj ET Q q 0 0 0 rg BT 91.07 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.06 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.71 499.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 138.79 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.77 499.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 177.65 499.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 203.73 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.27 499.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 255.90 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.89 499.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 289.75 499.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 314.46 499.10 Td (Selling ) Tj ET Q q 0 0 0 rg BT 345.01 499.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 371.09 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.63 499.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 417.70 499.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 448.23 499.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 472.65 499.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 508.73 499.10 Td (sharply ) Tj ET Q q 0 0 0 rg BT 540.38 499.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.80 499.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 91.99 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.32 487.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 125.97 487.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 147.96 487.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 166.90 487.10 Td (after ) Tj ET Q q 0 0 0 rg BT 187.21 487.10 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 240.85 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.28 487.10 Td (slight ) Tj ET Q q 0 0 0 rg BT 271.50 487.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.25 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.03 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.24 487.10 Td (second ) Tj ET Q q 0 0 0 rg BT 360.01 487.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 387.92 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.42 487.10 Td (steadily ) Tj ET Q q 0 0 0 rg BT 425.52 487.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 461.39 487.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 507.27 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.48 487.10 Td (remainder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.93 475.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.19 475.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 110.29 475.10 Td (In ) Tj ET Q q 0 0 0 rg BT 121.22 475.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 159.09 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.91 475.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 199.27 475.10 Td (price ) Tj ET Q q 0 0 0 rg BT 221.86 475.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 275.00 475.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 315.92 475.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 355.17 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.99 475.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 399.26 475.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 420.19 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.12 475.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 448.71 475.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 487.96 475.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 529.98 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.36 475.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 72.50 463.10 Td (which ) Tj ET Q q 0 0 0 rg BT 99.44 463.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 147.48 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.76 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.48 463.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 197.74 463.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 219.68 463.10 Td (volumes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.88 442.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 104.62 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.73 442.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 160.39 442.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 198.25 442.10 Td (was ) Tj ET Q q 0 0 0 rg BT 216.14 442.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 255.68 442.10 Td (due ) Tj ET Q q 0 0 0 rg BT 272.45 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.56 442.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 307.66 442.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 329.43 442.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 365.65 442.10 Td (as ) Tj ET Q q 0 0 0 rg BT 376.31 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.08 442.10 Td (result ) Tj ET Q q 0 0 0 rg BT 407.63 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.29 442.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 452.27 442.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 488.49 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.15 442.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 540.91 442.10 Td (scrap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (metal, ) Tj ET Q q 0 0 0 rg BT 76.60 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 102.93 430.10 Td (more ) Tj ET Q q 0 0 0 rg BT 125.36 430.10 Td (than ) Tj ET Q q 0 0 0 rg BT 144.47 430.10 Td (of) Tj ET Q q 0 0 0 rg BT 152.62 430.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 168.95 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.05 430.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 224.36 430.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 253.46 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.68 430.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 303.89 430.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 340.76 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.97 430.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 396.18 430.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 434.72 430.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 476.04 430.10 Td (through ) Tj ET Q q 0 0 0 rg BT 509.04 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.26 430.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 95.27 418.10 Td (technologies.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (Segment Operating Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 386.03 34.99 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 379.10 Td (Operatin) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.99 379.10 Td (g ) Tj ET Q q 0 0 0 rg BT 92.32 379.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 110.21 379.10 Td (f) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 113.54 386.03 72.53 -9.09 re f /GS0 gs q 0 0 0 rg BT 113.54 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.20 379.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 148.19 379.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 170.52 379.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.07 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.40 379.10 Td ($312 ) Tj ET Q q 0 0 0 rg BT 210.73 379.10 Td (million,) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 242.13 386.03 241.87 -9.09 re f /GS0 gs q 0 0 0 rg BT 242.13 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.46 379.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 286.21 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.32 379.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 336.42 379.10 Td (income ) Tj ET Q q 0 0 0 rg BT 368.18 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.85 379.10 Td ($64 ) Tj ET Q q 0 0 0 rg BT 396.18 379.10 Td (million ) Tj ET Q q 0 0 0 rg BT 427.40 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.51 379.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 461.50 379.10 Td (2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.81 379.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 524.25 379.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.32 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.98 367.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 114.53 367.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 138.91 367.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 180.23 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 186.56 367.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 224.00 367.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 271.98 367.10 Td (char) Tj ET Q q 0 0 0 rg BT 289.01 367.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 300.34 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.55 367.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 332.44 367.10 Td (million ) Tj ET Q q 0 0 0 rg BT 363.22 367.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.54 367.10 Td (other ) Tj ET Q q 0 0 0 rg BT 401.97 367.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 423.30 367.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 471.28 367.10 Td (char) Tj ET Q q 0 0 0 rg BT 488.31 367.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 503.53 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.74 367.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 530.63 367.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 564.52 367.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.90 355.10 Td ($23 ) Tj ET Q q 0 0 0 rg BT 85.24 355.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 118.97 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.76 355.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 162.51 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.19 355.10 Td ($41 ) Tj ET Q q 0 0 0 rg BT 190.53 355.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 224.27 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.94 355.10 Td (65%, ) Tj ET Q q 0 0 0 rg BT 258.12 355.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 299.88 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.00 355.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 345.67 355.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 385.78 355.10 Td (income ) Tj ET Q q 0 0 0 rg BT 417.56 355.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.68 355.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 451.68 355.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 474.02 355.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 492.47 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.03 355.10 Td (reconciliation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.84 343.10 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 97.89 343.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 122.05 343.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.76 343.10 Td (income ) Tj ET Q q 0 0 0 rg BT 193.13 343.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 217.29 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 343.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 274.41 343.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.35 343.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 315.50 343.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 355.75 343.10 Td (at ) Tj ET Q q 0 0 0 rg BT 364.91 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.06 343.10 Td (end ) Tj ET Q q 0 0 0 rg BT 395.44 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.71 343.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 425.97 343.10 Td (7\). ) Tj ET Q q 0 0 0 rg BT 438.74 343.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 480.66 343.10 Td (results ) Tj ET Q q 0 0 0 rg BT 508.71 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.42 343.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 542.01 343.10 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (were ) Tj ET Q q 0 0 0 rg BT 72.35 331.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 116.92 331.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 156.49 331.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.42 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.55 331.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 225.24 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.94 331.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 258.30 331.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 295.11 331.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 337.45 331.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 362.03 331.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 387.45 331.10 Td (which ) Tj ET Q q 0 0 0 rg BT 414.81 331.10 Td (benefited ) Tj ET Q q 0 0 0 rg BT 454.93 331.10 Td (from ) Tj ET Q q 0 0 0 rg BT 477.29 331.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 505.76 331.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 528.12 331.10 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.48 319.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 94.08 319.10 Td (average ) Tj ET Q q 0 0 0 rg BT 127.21 319.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.47 319.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 170.18 319.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 196.10 319.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 233.14 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.97 319.10 Td (less ) Tj ET Q q 0 0 0 rg BT 260.01 319.10 Td (mar) Tj ET Q q 0 0 0 rg BT 275.38 319.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 290.21 319.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 342.80 319.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 384.27 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.09 319.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 417.79 319.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 442.19 319.10 Td (The ) Tj ET Q q 0 0 0 rg BT 459.78 319.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 507.92 319.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 536.64 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 547.02 319.10 Td (raw ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 89.44 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.01 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 116.13 307.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 155.02 307.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 191.97 307.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 226.41 307.10 Td (with ) Tj ET Q q 0 0 0 rg BT 246.98 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.21 307.10 Td (more ) Tj ET Q q 0 0 0 rg BT 277.54 307.10 Td (pronounced ) Tj ET Q q 0 0 0 rg BT 327.54 307.10 Td (softening ) Tj ET Q q 0 0 0 rg BT 367.55 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.67 307.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 413.11 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 427.56 307.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 451.45 307.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 476.45 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.02 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.02 307.10 Td (export ) Tj ET Q q 0 0 0 rg BT 530.36 307.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.61 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.57 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.97 295.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 142.44 295.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 172.83 295.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 211.56 295.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 238.62 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.46 295.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 271.64 295.10 Td (materials ) Tj ET Q q 0 0 0 rg BT 311.47 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.44 295.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 360.04 295.10 Td (less ) Tj ET Q q 0 0 0 rg BT 378.22 295.10 Td (than ) Tj ET Q q 0 0 0 rg BT 398.62 295.10 Td (export ) Tj ET Q q 0 0 0 rg BT 427.36 295.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 457.21 295.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 486.77 295.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 538.83 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.80 295.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 102.62 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.47 283.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 152.30 283.10 Td (mar) Tj ET Q q 0 0 0 rg BT 167.67 283.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 186.41 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.26 283.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 219.99 283.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 244.56 283.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 299.12 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.97 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.26 283.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 362.54 283.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 391.28 283.10 Td (price ) Tj ET Q q 0 0 0 rg BT 413.33 283.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 468.45 283.10 Td (average ) Tj ET Q q 0 0 0 rg BT 501.60 283.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 542.00 283.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (did ) Tj ET Q q 0 0 0 rg BT 65.28 271.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.57 271.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 117.49 271.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.33 271.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 160.83 271.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.66 271.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 209.71 271.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.21 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.38 271.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 263.88 271.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 305.53 271.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 343.04 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.32 271.10 Td (an ) Tj ET Q q 0 0 0 rg BT 365.26 271.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 398.31 271.10 Td (ef) Tj ET Q q 0 0 0 rg BT 405.90 271.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 423.39 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.89 271.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 454.51 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.35 271.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 491.74 271.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 510.92 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.86 271.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.81 271.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 103.05 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.88 259.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 154.14 259.10 Td (mar) Tj ET Q q 0 0 0 rg BT 169.51 259.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 188.68 259.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 230.60 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.88 259.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 265.03 259.10 Td (2012.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (SG&A) Tj ET Q q 0 0 0 rg BT 77.23 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.21 238.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 113.39 238.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 154.77 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 166.75 238.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 183.72 238.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 217.09 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.39 238.10 Td (12% ) Tj ET Q q 0 0 0 rg BT 247.70 238.10 Td (from ) Tj ET Q q 0 0 0 rg BT 269.11 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.30 238.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 304.71 238.10 Td (year) Tj ET Q q 0 0 0 rg BT 321.52 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.99 238.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 365.18 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 375.48 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.90 238.10 Td (result ) Tj ET Q q 0 0 0 rg BT 406.09 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.39 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.58 238.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 483.65 238.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 525.06 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.48 238.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.36 226.10 Td (ef) Tj ET Q q 0 0 0 rg BT 97.95 226.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 138.86 226.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 184.77 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.14 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.96 226.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 236.99 226.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 267.90 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.83 226.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 303.08 226.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 325.68 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.71 226.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 397.52 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.89 226.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 432.14 226.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 457.05 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.20 226.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 512.21 226.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.23 226.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.19 214.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 96.73 214.10 Td (was ) Tj ET Q q 0 0 0 rg BT 114.82 214.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 142.91 214.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 182.66 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 195.20 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.18 214.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 242.48 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.35 214.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 265.89 214.10 Td (million ) Tj ET Q q 0 0 0 rg BT 297.32 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.64 214.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 349.05 214.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 407.13 214.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 441.88 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.85 214.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 471.39 214.10 Td (million ) Tj ET Q q 0 0 0 rg BT 502.82 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.14 214.10 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 202.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 98.33 202.10 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.73 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.35 181.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.19 181.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.90 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.63 181.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 167.69 181.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 192.59 181.10 Td (we ) Tj ET Q q 0 0 0 rg BT 206.65 181.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 247.37 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.20 181.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 296.04 181.10 Td (event ) Tj ET Q q 0 0 0 rg BT 320.09 181.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 359.15 181.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.99 181.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 402.27 181.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 450.77 181.10 Td (test ) Tj ET Q q 0 0 0 rg BT 467.05 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.78 181.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.74 181.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 554.23 181.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.58 169.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 89.18 169.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 128.20 169.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 148.45 169.10 Td (The ) Tj ET Q q 0 0 0 rg BT 166.36 169.10 Td (first ) Tj ET Q q 0 0 0 rg BT 184.83 169.10 Td (step ) Tj ET Q q 0 0 0 rg BT 203.31 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.00 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.58 169.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 277.05 169.10 Td (test ) Tj ET Q q 0 0 0 rg BT 293.30 169.10 Td (showed ) Tj ET Q q 0 0 0 rg BT 326.21 169.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.57 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.16 169.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 397.18 169.10 Td (unit) Tj ET Q q 0 0 0 rg BT 415.51 169.10 Td (s ) Tj ET Q q 0 0 0 rg BT 421.77 169.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 438.01 169.10 Td (value ) Tj ET Q q 0 0 0 rg BT 462.03 169.10 Td (was ) Tj ET Q q 0 0 0 rg BT 479.94 169.10 Td (less ) Tj ET Q q 0 0 0 rg BT 497.31 169.10 Td (than ) Tj ET Q q 0 0 0 rg BT 516.89 169.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.70 169.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 85.56 157.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 128.62 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.12 157.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 174.18 157.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 225.84 157.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 253.35 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 266.42 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.70 157.10 Td (second ) Tj ET Q q 0 0 0 rg BT 312.53 157.10 Td (step ) Tj ET Q q 0 0 0 rg BT 331.71 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.11 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.39 157.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 407.55 157.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 427.01 157.10 Td (we ) Tj ET Q q 0 0 0 rg BT 441.73 157.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 479.78 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.28 157.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 526.45 157.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 99.03 145.10 Td (char) Tj ET Q q 0 0 0 rg BT 116.06 145.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 128.43 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.69 145.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 162.62 145.10 Td (million ) Tj ET Q q 0 0 0 rg BT 194.44 145.10 Td (at ) Tj ET Q q 0 0 0 rg BT 204.59 145.10 Td (MRB. ) Tj ET Q q 0 0 0 rg BT 232.25 145.10 Td (In ) Tj ET Q q 0 0 0 rg BT 243.51 145.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 281.72 145.10 Td (we ) Tj ET Q q 0 0 0 rg BT 296.31 145.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 334.22 145.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 383.25 145.10 Td (char) Tj ET Q q 0 0 0 rg BT 400.27 145.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 416.53 145.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 450.02 145.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 467.95 145.10 Td (million ) Tj ET Q q 0 0 0 rg BT 499.77 145.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.70 145.10 Td (other ) Tj ET Q q 0 0 0 rg BT 536.18 145.10 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.40 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.24 133.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 153.96 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.92 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.98 133.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 219.02 133.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 262.73 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.68 133.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 286.31 133.10 Td (million ) Tj ET Q q 0 0 0 rg BT 317.82 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 328.78 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.84 133.10 Td (result ) Tj ET Q q 0 0 0 rg BT 360.68 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.64 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.48 133.10 Td (debtor) Tj ET Q q 0 0 0 rg BT 412.40 133.10 Td () Tj ET Q q 0 0 0 rg BT 415.17 133.10 Td (s ) Tj ET Q q 0 0 0 rg BT 421.69 133.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 457.64 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.05 133.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 492.88 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.72 133.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 540.34 133.10 Td (owed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.92 121.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 109.02 121.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.94 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.30 121.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 170.66 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.13 121.10 Td (an ) Tj ET Q q 0 0 0 rg BT 194.71 121.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 239.50 121.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 272.06 121.10 Td (into ) Tj ET Q q 0 0 0 rg BT 290.76 121.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.56 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.92 121.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 364.05 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.52 121.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 399.76 121.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 425.11 121.10 Td (through ) Tj ET Q q 0 0 0 rg BT 459.36 121.10 Td (demolition ) Tj ET Q q 0 0 0 rg BT 505.83 121.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 547.58 121.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 102.49 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.32 109.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 125.82 109.10 Td (million ) Tj ET Q q 0 0 0 rg BT 157.21 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 169.71 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.65 109.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 229.14 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.97 109.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.80 109.10 Td (held ) Tj ET Q q 0 0 0 rg BT 285.52 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.68 109.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 320.22 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.16 109.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 348.00 109.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 380.48 109.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 426.87 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.80 109.10 Td (other ) Tj ET Q q 0 0 0 rg BT 466.85 109.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 510.45 109.10 Td (assets.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (34) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 72.51 742.25 Td (Parts ) Tj ET Q q 0 0 0 rg BT 96.68 742.25 Td (Business) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 689.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 689.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 689.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 689.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 689.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 689.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 689.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 689.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 689.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 689.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 659.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 659.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 659.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 659.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 659.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 659.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 659.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 659.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 659.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 629.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 629.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 629.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 629.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 629.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 629.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 629.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 629.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 629.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 717.75 m 306.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 717.75 m 310.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 717.75 m 370.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 717.75 m 374.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 717.75 m 434.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 717.75 m 438.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 717.75 m 498.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 717.75 m 502.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 717.75 m 562.5 717.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 703.75 m 498.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 703.75 m 502.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.75 m 562.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 689.75 m 306.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 689.75 m 370.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 689.75 m 434.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 703.75 m 498.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 689.75 m 498.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 703.75 m 502.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.75 m 562.5 703.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 689.75 m 562.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 689.75 m 306.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 689.75 m 370.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 689.75 m 434.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 644.75 m 306.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 644.75 m 370.5 644.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 644.75 m 434.5 644.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 629.75 m 306.5 629.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 629.75 m 370.5 629.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 629.75 m 434.5 629.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 629.75 m 306.5 629.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.50 722.43 Td (For the Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 708.43 Td (% Increase/\(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 694.43 Td (\($ in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.00 694.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 694.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 694.43 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 694.43 Td (2014vs2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 694.43 Td (2013vs2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.42 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 679.42 Td (327,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 679.42 Td (313,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 679.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 679.42 Td (316,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 679.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 679.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 679.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 679.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 664.42 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 664.42 Td (248,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 664.42 Td (233,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 664.42 Td (228,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 664.42 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 664.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 664.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 664.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.42 Td (Selling, general and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 649.42 Td (57,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 649.42 Td (54,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 649.42 Td (54,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 649.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 649.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 649.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 649.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.42 Td (Segment operating income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 634.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 634.42 Td (21,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 634.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 634.42 Td (24,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 634.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 634.42 Td (33,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 634.42 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 634.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.95 634.42 Td (\(26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 634.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.42 Td (Number of stores at period end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 619.42 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 619.42 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 619.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 619.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 619.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 619.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 619.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.42 Td (Cars purchased \(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 604.42 Td (380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 604.42 Td (356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 604.42 Td (339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 604.42 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 604.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 604.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 604.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 574.9169921875 m 77.4951171875 574.9169921875 l s q 0 0 0 rg BT 50.00 576.25 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 574.9169921875 m 97.4951171875 574.9169921875 l s q 0 0 0 rg BT 77.50 576.25 Td (2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 574.9169921875 m 186.005859375 574.9169921875 l s q 0 0 0 rg BT 97.50 576.25 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 576.25 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 574.9169921875 m 206.005859375 574.9169921875 l s q 0 0 0 rg BT 186.01 576.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 576.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 558.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.07 540.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 103.35 540.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.65 540.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 151.71 540.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.23 540.25 Td ($14 ) Tj ET Q q 0 0 0 rg BT 181.76 540.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.65 540.25 Td (, ) Tj ET Q q 0 0 0 rg BT 215.67 540.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.53 540.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.86 540.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.88 540.25 Td (was ) Tj ET Q q 0 0 0 rg BT 262.95 540.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 302.69 540.25 Td (due ) Tj ET Q q 0 0 0 rg BT 319.65 540.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.95 540.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 372.47 540.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 408.88 540.25 Td (from ) Tj ET Q q 0 0 0 rg BT 430.84 540.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 456.69 540.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 493.64 540.25 Td (or ) Tj ET Q q 0 0 0 rg BT 504.49 540.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 535.89 540.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.14 528.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 96.63 528.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.56 528.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 137.71 528.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 162.70 528.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 198.50 528.25 Td (of) Tj ET Q q 0 0 0 rg BT 206.65 528.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 223.58 528.25 Td (by ) Tj ET Q q 0 0 0 rg BT 236.07 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.78 528.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 283.80 528.25 Td (ef) Tj ET Q q 0 0 0 rg BT 291.39 528.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 312.76 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.58 528.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 348.83 528.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 396.88 528.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 426.03 528.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 452.40 528.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.22 528.25 Td (a ) Tj ET Q q 0 0 0 rg BT 470.14 528.25 Td (result ) Tj ET Q q 0 0 0 rg BT 494.85 528.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.67 528.25 Td (weaker ) Tj ET Q q 0 0 0 rg BT 537.03 528.25 Td (global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.25 Td (demand.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 495.25 Td (Segment Operating Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.21 477.25 Td (income ) Tj ET Q q 0 0 0 rg BT 123.87 477.25 Td (for ) Tj ET Q q 0 0 0 rg BT 137.75 477.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.63 477.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.63 477.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.85 477.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 225.49 477.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.71 477.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 249.93 477.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.83 477.25 Td (, ) Tj ET Q q 0 0 0 rg BT 283.55 477.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.10 477.25 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.43 477.25 Td (, ) Tj ET Q q 0 0 0 rg BT 317.15 477.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 358.80 477.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.80 477.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.24 477.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 404.90 477.25 Td (year) Tj ET Q q 0 0 0 rg BT 421.56 477.25 Td (. ) Tj ET Q q 0 0 0 rg BT 426.12 477.25 Td (The ) Tj ET Q q 0 0 0 rg BT 443.89 477.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 477.77 477.25 Td (on ) Tj ET Q q 0 0 0 rg BT 489.99 477.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.98 477.25 Td (mar) Tj ET Q q 0 0 0 rg BT 545.35 477.25 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.62 465.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 99.35 465.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 135.42 465.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 173.13 465.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.09 465.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 206.93 465.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 229.11 465.25 Td (were ) Tj ET Q q 0 0 0 rg BT 250.72 465.25 Td (more ) Tj ET Q q 0 0 0 rg BT 273.45 465.25 Td (than ) Tj ET Q q 0 0 0 rg BT 292.85 465.25 Td (of) Tj ET Q q 0 0 0 rg BT 301.00 465.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 317.62 465.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.80 465.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.42 465.25 Td (compression ) Tj ET Q q 0 0 0 rg BT 389.15 465.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.11 465.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 439.05 465.25 Td (mar) Tj ET Q q 0 0 0 rg BT 454.42 465.25 Td (gins ) Tj ET Q q 0 0 0 rg BT 473.27 465.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 512.66 465.25 Td (due ) Tj ET Q q 0 0 0 rg BT 529.28 465.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.24 465.25 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.87 453.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.87 453.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 143.74 453.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 191.85 453.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 221.06 453.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 247.50 453.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.49 453.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 304.79 453.25 Td (SG&A) Tj ET Q q 0 0 0 rg BT 332.03 453.25 Td ( ) Tj ET Q q 0 0 0 rg BT 334.58 453.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 369.34 453.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.22 453.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 392.78 453.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.67 453.25 Td (, ) Tj ET Q q 0 0 0 rg BT 426.72 453.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 457.05 453.25 Td (due ) Tj ET Q q 0 0 0 rg BT 474.04 453.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.38 453.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.15 453.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 534.47 453.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.36 453.25 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 75.83 441.25 Td (in ) Tj ET Q q 0 0 0 rg BT 86.11 441.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 110.26 441.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 132.76 441.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.70 441.25 Td (2014.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 418.9169921875 m 77.4951171875 418.9169921875 l s q 0 0 0 rg BT 50.00 420.25 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 418.9169921875 m 97.4951171875 418.9169921875 l s q 0 0 0 rg BT 77.50 420.25 Td (2013) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 418.9169921875 m 186.005859375 418.9169921875 l s q 0 0 0 rg BT 97.50 420.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 420.25 Td (compar) Tj ET Q q 0 0 0 rg BT 130.18 420.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 142.11 420.25 Td (with ) Tj ET Q q 0 0 0 rg BT 161.84 420.25 Td (fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 418.9169921875 m 206.005859375 418.9169921875 l s q 0 0 0 rg BT 186.01 420.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 420.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 399.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.68 381.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 104.22 381.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.13 381.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 151.80 381.25 Td (by ) Tj ET Q q 0 0 0 rg BT 163.93 381.25 Td ($4 ) Tj ET Q q 0 0 0 rg BT 176.06 381.25 Td (million ) Tj ET Q q 0 0 0 rg BT 207.09 381.25 Td (or ) Tj ET Q q 0 0 0 rg BT 217.55 381.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 233.01 381.25 Td (was ) Tj ET Q q 0 0 0 rg BT 250.69 381.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 278.37 381.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 317.71 381.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.85 381.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 354.75 381.25 Td (average ) Tj ET Q q 0 0 0 rg BT 387.96 381.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 435.64 381.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 464.15 381.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 499.60 381.25 Td (of) Tj ET Q q 0 0 0 rg BT 507.75 381.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 524.32 381.25 Td (by ) Tj ET Q q 0 0 0 rg BT 536.46 381.25 Td (higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.94 369.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 108.33 369.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 148.04 369.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 189.40 369.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.90 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.62 369.25 Td (eleven ) Tj ET Q q 0 0 0 rg BT 245.21 369.25 Td (new ) Tj ET Q q 0 0 0 rg BT 264.37 369.25 Td (store ) Tj ET Q q 0 0 0 rg BT 286.31 369.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 324.91 369.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 361.84 369.25 Td (or ) Tj ET Q q 0 0 0 rg BT 372.67 369.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 404.04 369.25 Td (during ) Tj ET Q q 0 0 0 rg BT 432.65 369.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 456.81 369.25 Td (2013.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 348.25 Td (Segment Operating Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.71 330.25 Td (income ) Tj ET Q q 0 0 0 rg BT 122.86 330.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.24 330.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 159.62 330.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 181.34 330.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 222.47 330.25 Td (by ) Tj ET Q q 0 0 0 rg BT 234.19 330.25 Td ($9 ) Tj ET Q q 0 0 0 rg BT 245.91 330.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 279.02 330.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.07 330.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.79 330.25 Td (26%, ) Tj ET Q q 0 0 0 rg BT 313.34 330.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 354.49 330.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.99 330.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 387.36 330.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 411.46 330.25 Td (The ) Tj ET Q q 0 0 0 rg BT 428.72 330.25 Td (compression ) Tj ET Q q 0 0 0 rg BT 480.99 330.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.49 330.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.97 330.25 Td (mar) Tj ET Q q 0 0 0 rg BT 545.34 330.25 Td (gins ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (was ) Tj ET Q q 0 0 0 rg BT 68.44 318.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 108.54 318.25 Td (related ) Tj ET Q q 0 0 0 rg BT 138.63 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.29 318.25 Td (car ) Tj ET Q q 0 0 0 rg BT 164.39 318.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.81 318.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 225.70 318.25 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 271.34 318.25 Td (at ) Tj ET Q q 0 0 0 rg BT 281.44 318.25 Td (a ) Tj ET Q q 0 0 0 rg BT 288.77 318.25 Td (slower ) Tj ET Q q 0 0 0 rg BT 318.32 318.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 336.19 318.25 Td (than ) Tj ET Q q 0 0 0 rg BT 356.29 318.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 387.50 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.83 318.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 451.03 318.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 480.59 318.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 507.35 318.25 Td (due ) Tj ET Q q 0 0 0 rg BT 524.68 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.34 318.25 Td (supply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (constraints ) Tj ET Q q 0 0 0 rg BT 95.18 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.36 306.25 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 149.97 306.25 Td (vehicles. ) Tj ET Q q 0 0 0 rg BT 187.08 306.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 228.92 306.25 Td (income ) Tj ET Q q 0 0 0 rg BT 260.21 306.25 Td (for ) Tj ET Q q 0 0 0 rg BT 273.72 306.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 297.23 306.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 319.08 306.25 Td (included ) Tj ET Q q 0 0 0 rg BT 355.37 306.25 Td ($5 ) Tj ET Q q 0 0 0 rg BT 367.22 306.25 Td (million ) Tj ET Q q 0 0 0 rg BT 397.97 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.15 306.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 447.77 306.25 Td (losses, ) Tj ET Q q 0 0 0 rg BT 476.01 306.25 Td (including ) Tj ET Q q 0 0 0 rg BT 515.64 306.25 Td (transaction, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 95.82 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.76 294.25 Td (startup ) Tj ET Q q 0 0 0 rg BT 142.48 294.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 167.48 294.25 Td (related ) Tj ET Q q 0 0 0 rg BT 197.18 294.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.46 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.17 294.25 Td (eleven ) Tj ET Q q 0 0 0 rg BT 250.77 294.25 Td (store ) Tj ET Q q 0 0 0 rg BT 272.71 294.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 311.31 294.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 348.23 294.25 Td (or ) Tj ET Q q 0 0 0 rg BT 359.06 294.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 390.44 294.25 Td (during ) Tj ET Q q 0 0 0 rg BT 419.05 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.76 294.25 Td (year) Tj ET Q q 0 0 0 rg BT 450.42 294.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (SG&A) Tj ET Q q 0 0 0 rg BT 77.23 273.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.76 273.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 114.50 273.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 154.23 273.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 196.75 273.25 Td (with ) Tj ET Q q 0 0 0 rg BT 217.06 273.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 241.24 273.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 266.27 273.25 Td (as ) Tj ET Q q 0 0 0 rg BT 277.13 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.87 273.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 326.06 273.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 355.80 273.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.66 273.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.41 273.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 435.03 273.25 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 477.00 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.96 273.25 Td (other ) Tj ET Q q 0 0 0 rg BT 517.04 273.25 Td (operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 261.25 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 98.63 261.25 Td (implemented ) Tj ET Q q 0 0 0 rg BT 153.57 261.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.09 261.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 188.48 261.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 211.21 261.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.38 261.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 270.53 261.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 292.70 261.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 331.53 261.25 Td (were ) Tj ET Q q 0 0 0 rg BT 353.70 261.25 Td (of) Tj ET Q q 0 0 0 rg BT 361.85 261.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 379.02 261.25 Td (by ) Tj ET Q q 0 0 0 rg BT 391.75 261.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 441.68 261.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 480.52 261.25 Td (related ) Tj ET Q q 0 0 0 rg BT 510.45 261.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.97 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.92 261.25 Td (eleven ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (store ) Tj ET Q q 0 0 0 rg BT 71.94 249.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 110.54 249.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 147.47 249.25 Td (or ) Tj ET Q q 0 0 0 rg BT 158.30 249.25 Td (opened ) Tj ET Q q 0 0 0 rg BT 189.67 249.25 Td (in ) Tj ET Q q 0 0 0 rg BT 199.95 249.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 224.11 249.25 Td (2013. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 228.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 72.50 228.25 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 138.35 228.25 Td (Business) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 178.75 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 178.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 178.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 178.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 178.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 178.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 150.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 150.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 150.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 150.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 150.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 150.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 150.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 121.75 204.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 121.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 121.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 121.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 121.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 121.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 121.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 91.75 204.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 91.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.50 91.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 91.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.50 91.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 91.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 91.75 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 91.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 91.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 91.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 91.75 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 204.75 m 314.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 204.75 m 318.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 204.75 m 374.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 204.75 m 378.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 204.75 m 434.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 204.75 m 438.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 204.75 m 498.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 204.75 m 502.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 204.75 m 562.5 204.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 191.75 m 498.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 191.75 m 502.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 191.75 m 562.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 178.75 m 314.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 178.75 m 374.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 178.75 m 434.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 191.75 m 498.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 178.75 m 498.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 191.75 m 502.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 191.75 m 562.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 178.75 m 562.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 178.75 m 314.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 178.75 m 374.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 178.75 m 434.5 178.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 135.75 m 314.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 135.75 m 374.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 135.75 m 434.5 135.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 121.75 m 314.5 121.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 121.75 m 374.5 121.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 121.75 m 434.5 121.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.50 208.48 Td (For the Year Ended August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.00 195.48 Td (% Increase/\(Decrease\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 182.48 Td (\($ in thousands, except price\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.00 182.48 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 182.48 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.00 182.48 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.05 182.48 Td (2014vs2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 182.48 Td (2013vs2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 169.32 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 91.88 173.85 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 169.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 169.32 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 169.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.10 169.32 Td (352,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 169.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.10 169.32 Td (333,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 169.32 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 169.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 169.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 169.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 155.32 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 155.32 Td (362,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.10 155.32 Td (339,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.10 155.32 Td (328,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 155.32 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 155.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 155.32 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 155.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.42 Td (Selling, general and administrative expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 140.42 Td (7,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 140.42 Td (6,288) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 140.42 Td (6,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 140.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 140.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 140.42 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 140.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.32 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 126.32 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 126.32 Td (6,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 126.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 126.37 Td (\(2,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 126.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 126.32 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 126.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.85 126.32 Td (NM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 111.42 Td (Finished goods average sales price \($/ST\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 220.46 115.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.00 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 111.42 Td (677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.00 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 111.42 Td (680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 111.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 111.42 Td (715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 111.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 111.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 111.42 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 111.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 96.42 Td (Finished steel products sold \(ST, in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 96.42 Td (533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 96.42 Td (488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 96.42 Td (447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 96.42 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 96.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 96.42 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 96.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 82.32 Td (Rolling mill utilization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 82.32 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 82.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 82.32 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.65 82.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 82.32 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 82.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 82.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 82.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 82.32 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 82.32 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 68.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 56.05 Td (ST) Tj ET Q q 0 0 0 rg BT 59.19 56.05 Td ( = Short ) Tj ET Q q 0 0 0 rg BT 86.89 56.05 Td (T) Tj ET Q q 0 0 0 rg BT 91.22 56.05 Td (on, which is 2,000 pounds) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (35) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 743.50 Td (NM = Not Meaningful) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 730.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 730.90 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 101.10 730.90 Td (include ) Tj ET Q q 0 0 0 rg BT 126.65 730.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 144.20 730.90 Td (of ) Tj ET Q q 0 0 0 rg BT 152.86 730.90 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 198.41 730.90 Td (goods ) Tj ET Q q 0 0 0 rg BT 219.52 730.90 Td (\(billets\) ) Tj ET Q q 0 0 0 rg BT 246.41 730.90 Td (and ) Tj ET Q q 0 0 0 rg BT 259.96 730.90 Td (finished ) Tj ET Q q 0 0 0 rg BT 287.73 730.90 Td (steel ) Tj ET Q q 0 0 0 rg BT 304.39 730.90 Td (products.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 718.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 718.30 Td (Price ) Tj ET Q q 0 0 0 rg BT 86.44 718.30 Td (information ) Tj ET Q q 0 0 0 rg BT 126.21 718.30 Td (is ) Tj ET Q q 0 0 0 rg BT 133.54 718.30 Td (shown ) Tj ET Q q 0 0 0 rg BT 156.43 718.30 Td (after ) Tj ET Q q 0 0 0 rg BT 173.09 718.30 Td (netting ) Tj ET Q q 0 0 0 rg BT 197.30 718.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.08 718.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.96 718.30 Td (of ) Tj ET Q q 0 0 0 rg BT 232.63 718.30 Td (freight ) Tj ET Q q 0 0 0 rg BT 255.95 718.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 284.61 718.30 Td (to ) Tj ET Q q 0 0 0 rg BT 292.83 718.30 Td (deliver ) Tj ET Q q 0 0 0 rg BT 317.04 718.30 Td (the ) Tj ET Q q 0 0 0 rg BT 328.81 718.30 Td (product ) Tj ET Q q 0 0 0 rg BT 355.25 718.30 Td (to ) Tj ET Q q 0 0 0 rg BT 363.47 718.30 Td (the ) Tj ET Q q 0 0 0 rg BT 375.25 718.30 Td (customer) Tj ET Q q 0 0 0 rg BT 404.13 718.30 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 695.9669921875 m 77.4951171875 695.9669921875 l s q 0 0 0 rg BT 50.00 697.30 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 695.9669921875 m 97.4951171875 695.9669921875 l s q 0 0 0 rg BT 77.50 697.30 Td (2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 695.9669921875 m 186.005859375 695.9669921875 l s q 0 0 0 rg BT 97.50 697.30 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 697.30 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 695.9669921875 m 206.005859375 695.9669921875 l s q 0 0 0 rg BT 186.01 697.30 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 697.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 679.30 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.30 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 90.93 661.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 130.74 661.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.79 661.30 Td ($36 ) Tj ET Q q 0 0 0 rg BT 159.84 661.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.73 661.30 Td (, ) Tj ET Q q 0 0 0 rg BT 193.28 661.30 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.67 661.30 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 661.30 Td (, ) Tj ET Q q 0 0 0 rg BT 226.55 661.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 268.02 661.30 Td (to ) Tj ET Q q 0 0 0 rg BT 277.85 661.30 Td (the ) Tj ET Q q 0 0 0 rg BT 292.12 661.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 313.61 661.30 Td (year ) Tj ET Q q 0 0 0 rg BT 332.87 661.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 372.14 661.30 Td (due ) Tj ET Q q 0 0 0 rg BT 388.63 661.30 Td (to ) Tj ET Q q 0 0 0 rg BT 398.46 661.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 438.27 661.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 459.76 661.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 495.70 661.30 Td (for ) Tj ET Q q 0 0 0 rg BT 509.41 661.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 543.68 661.30 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.30 Td (products ) Tj ET Q q 0 0 0 rg BT 87.86 649.30 Td (as ) Tj ET Q q 0 0 0 rg BT 99.61 649.30 Td (a ) Tj ET Q q 0 0 0 rg BT 107.47 649.30 Td (result ) Tj ET Q q 0 0 0 rg BT 133.11 649.30 Td (of ) Tj ET Q q 0 0 0 rg BT 144.86 649.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 173.82 649.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 208.90 649.30 Td (in ) Tj ET Q q 0 0 0 rg BT 219.85 649.30 Td (W) Tj ET Q q 0 0 0 rg BT 228.49 649.30 Td (est ) Tj ET Q q 0 0 0 rg BT 243.02 649.30 Td (Coast ) Tj ET Q q 0 0 0 rg BT 269.22 649.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 304.29 649.30 Td (mainly ) Tj ET Q q 0 0 0 rg BT 335.49 649.30 Td (driven ) Tj ET Q q 0 0 0 rg BT 364.45 649.30 Td (by ) Tj ET Q q 0 0 0 rg BT 377.87 649.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 419.62 649.30 Td (non-residential ) Tj ET Q q 0 0 0 rg BT 483.02 649.30 Td (construction. ) Tj ET Q q 0 0 0 rg BT 538.13 649.30 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 84.16 637.30 Td (were ) Tj ET Q q 0 0 0 rg BT 106.08 637.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 141.90 637.30 Td (of) Tj ET Q q 0 0 0 rg BT 150.05 637.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 166.99 637.30 Td (by ) Tj ET Q q 0 0 0 rg BT 179.49 637.30 Td (slightly ) Tj ET Q q 0 0 0 rg BT 212.00 637.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 237.27 637.30 Td (average ) Tj ET Q q 0 0 0 rg BT 270.85 637.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 292.79 637.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 319.17 637.30 Td (as ) Tj ET Q q 0 0 0 rg BT 330.00 637.30 Td (a ) Tj ET Q q 0 0 0 rg BT 336.93 637.30 Td (result ) Tj ET Q q 0 0 0 rg BT 361.65 637.30 Td (of ) Tj ET Q q 0 0 0 rg BT 372.48 637.30 Td (the ) Tj ET Q q 0 0 0 rg BT 387.20 637.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 416.91 637.30 Td (of ) Tj ET Q q 0 0 0 rg BT 427.74 637.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 461.88 637.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 484.38 637.30 Td (of ) Tj ET Q q 0 0 0 rg BT 495.21 637.30 Td (raw ) Tj ET Q q 0 0 0 rg BT 512.71 637.30 Td (materials.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 616.30 Td (Segment Operating Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.71 601.30 Td (income ) Tj ET Q q 0 0 0 rg BT 124.88 601.30 Td (for ) Tj ET Q q 0 0 0 rg BT 139.27 601.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.65 601.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.65 601.30 Td ( ) Tj ET Q q 0 0 0 rg BT 186.38 601.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.66 601.30 Td ($19 ) Tj ET Q q 0 0 0 rg BT 222.39 601.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.28 601.30 Td (, ) Tj ET Q q 0 0 0 rg BT 256.51 601.30 Td (a ) Tj ET Q q 0 0 0 rg BT 263.68 601.30 Td (improvement ) Tj ET Q q 0 0 0 rg BT 319.73 601.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.79 601.30 Td ($12 ) Tj ET Q q 0 0 0 rg BT 348.52 601.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.41 601.30 Td ( ) Tj ET Q q 0 0 0 rg BT 380.14 601.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 422.29 601.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.80 601.30 Td ($7 ) Tj ET Q q 0 0 0 rg BT 445.53 601.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.42 601.30 Td ( ) Tj ET Q q 0 0 0 rg BT 477.15 601.30 Td (in ) Tj ET Q q 0 0 0 rg BT 487.66 601.30 Td (the ) Tj ET Q q 0 0 0 rg BT 502.61 601.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 524.78 601.30 Td (year) Tj ET Q q 0 0 0 rg BT 541.43 601.30 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 601.30 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.30 Td (significantly ) Tj ET Q q 0 0 0 rg BT 101.78 589.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 141.90 589.30 Td (results ) Tj ET Q q 0 0 0 rg BT 169.81 589.30 Td (were ) Tj ET Q q 0 0 0 rg BT 191.03 589.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 230.04 589.30 Td (due ) Tj ET Q q 0 0 0 rg BT 246.27 589.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.84 589.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 283.18 589.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 304.42 589.30 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 342.60 589.30 Td (the ) Tj ET Q q 0 0 0 rg BT 356.61 589.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 385.62 589.30 Td (of ) Tj ET Q q 0 0 0 rg BT 395.74 589.30 Td (raw ) Tj ET Q q 0 0 0 rg BT 412.52 589.30 Td (material ) Tj ET Q q 0 0 0 rg BT 447.08 589.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 464.98 589.30 Td (of ) Tj ET Q q 0 0 0 rg BT 475.10 589.30 Td (goods ) Tj ET Q q 0 0 0 rg BT 500.79 589.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 519.26 589.30 Td (decreasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.30 Td (at ) Tj ET Q q 0 0 0 rg BT 59.73 577.30 Td (a ) Tj ET Q q 0 0 0 rg BT 66.67 577.30 Td (faster ) Tj ET Q q 0 0 0 rg BT 91.39 577.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 108.89 577.30 Td (than ) Tj ET Q q 0 0 0 rg BT 128.61 577.30 Td (the ) Tj ET Q q 0 0 0 rg BT 143.34 577.30 Td (average ) Tj ET Q q 0 0 0 rg BT 176.93 577.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 198.88 577.30 Td (price ) Tj ET Q q 0 0 0 rg BT 221.38 577.30 Td (of ) Tj ET Q q 0 0 0 rg BT 232.22 577.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 266.94 577.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 287.78 577.30 Td (products, ) Tj ET Q q 0 0 0 rg BT 327.23 577.30 Td (and ) Tj ET Q q 0 0 0 rg BT 344.17 577.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 378.34 577.30 Td (from ) Tj ET Q q 0 0 0 rg BT 400.29 577.30 Td (operational ) Tj ET Q q 0 0 0 rg BT 447.78 577.30 Td (ef) Tj ET Q q 0 0 0 rg BT 455.37 577.30 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 496.19 577.30 Td (and ) Tj ET Q q 0 0 0 rg BT 513.13 577.30 Td (productivity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.30 Td (improvements ) Tj ET Q q 0 0 0 rg BT 109.68 565.30 Td (coupled ) Tj ET Q q 0 0 0 rg BT 143.80 565.30 Td (with ) Tj ET Q q 0 0 0 rg BT 164.04 565.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 204.26 565.30 Td (rolling ) Tj ET Q q 0 0 0 rg BT 233.39 565.30 Td (mill ) Tj ET Q q 0 0 0 rg BT 251.97 565.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 294.99 565.30 Td (levels. ) Tj ET Q q 0 0 0 rg BT 323.10 565.30 Td (The ) Tj ET Q q 0 0 0 rg BT 341.11 565.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 381.90 565.30 Td (results ) Tj ET Q q 0 0 0 rg BT 410.48 565.30 Td (were ) Tj ET Q q 0 0 0 rg BT 432.37 565.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 468.16 565.30 Td (of) Tj ET Q q 0 0 0 rg BT 476.31 565.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 493.21 565.30 Td (by ) Tj ET Q q 0 0 0 rg BT 505.68 565.30 Td (recognition ) Tj ET Q q 0 0 0 rg BT 553.68 565.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.30 Td (bad ) Tj ET Q q 0 0 0 rg BT 66.94 553.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 86.66 553.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 121.36 553.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.19 553.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 144.69 553.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.58 553.30 Td ( ) Tj ET Q q 0 0 0 rg BT 176.08 553.30 Td (in ) Tj ET Q q 0 0 0 rg BT 186.36 553.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 210.52 553.30 Td (2014.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 530.9669921875 m 77.4951171875 530.9669921875 l s q 0 0 0 rg BT 50.00 532.30 Td (Fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.4951171875 530.9669921875 m 97.4951171875 530.9669921875 l s q 0 0 0 rg BT 77.50 532.30 Td (2013) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.4951171875 530.9669921875 m 186.005859375 530.9669921875 l s q 0 0 0 rg BT 97.50 532.30 Td ( compar) Tj ET Q q 0 0 0 rg BT 130.18 532.30 Td (ed with fiscal ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 186.005859375 530.9669921875 m 206.005859375 530.9669921875 l s q 0 0 0 rg BT 186.01 532.30 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.01 532.30 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.30 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.30 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 90.67 496.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 130.22 496.30 Td (by ) Tj ET Q q 0 0 0 rg BT 142.01 496.30 Td (6% ) Tj ET Q q 0 0 0 rg BT 157.14 496.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 198.36 496.30 Td (to ) Tj ET Q q 0 0 0 rg BT 207.93 496.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 231.38 496.30 Td (2012 ) Tj ET Q q 0 0 0 rg BT 253.17 496.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 292.18 496.30 Td (due ) Tj ET Q q 0 0 0 rg BT 308.41 496.30 Td (to ) Tj ET Q q 0 0 0 rg BT 317.99 496.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 345.33 496.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 381.01 496.30 Td (of ) Tj ET Q q 0 0 0 rg BT 391.13 496.30 Td (finished ) Tj ET Q q 0 0 0 rg BT 425.14 496.30 Td (steel ) Tj ET Q q 0 0 0 rg BT 445.26 496.30 Td (products ) Tj ET Q q 0 0 0 rg BT 481.50 496.30 Td (as ) Tj ET Q q 0 0 0 rg BT 491.62 496.30 Td (a ) Tj ET Q q 0 0 0 rg BT 497.85 496.30 Td (result ) Tj ET Q q 0 0 0 rg BT 521.87 496.30 Td (of ) Tj ET Q q 0 0 0 rg BT 531.99 496.30 Td (slightly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 77.09 484.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 110.30 484.30 Td (in ) Tj ET Q q 0 0 0 rg BT 119.62 484.30 Td (our ) Tj ET Q q 0 0 0 rg BT 134.39 484.30 Td (W) Tj ET Q q 0 0 0 rg BT 143.03 484.30 Td (est ) Tj ET Q q 0 0 0 rg BT 155.68 484.30 Td (Coast ) Tj ET Q q 0 0 0 rg BT 180.01 484.30 Td (markets ) Tj ET Q q 0 0 0 rg BT 213.21 484.30 Td (mainly ) Tj ET Q q 0 0 0 rg BT 242.53 484.30 Td (driven ) Tj ET Q q 0 0 0 rg BT 269.63 484.30 Td (by ) Tj ET Q q 0 0 0 rg BT 281.18 484.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 321.05 484.30 Td (non-residential ) Tj ET Q q 0 0 0 rg BT 382.58 484.30 Td (construction, ) Tj ET Q q 0 0 0 rg BT 436.06 484.30 Td (partially ) Tj ET Q q 0 0 0 rg BT 470.93 484.30 Td (of) Tj ET Q q 0 0 0 rg BT 479.08 484.30 Td (fset ) Tj ET Q q 0 0 0 rg BT 495.06 484.30 Td (by ) Tj ET Q q 0 0 0 rg BT 506.61 484.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 530.93 484.30 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.94 472.30 Td (prices ) Tj ET Q q 0 0 0 rg BT 98.32 472.30 Td (as ) Tj ET Q q 0 0 0 rg BT 109.15 472.30 Td (a ) Tj ET Q q 0 0 0 rg BT 116.08 472.30 Td (result ) Tj ET Q q 0 0 0 rg BT 140.80 472.30 Td (of ) Tj ET Q q 0 0 0 rg BT 151.63 472.30 Td (the ) Tj ET Q q 0 0 0 rg BT 166.35 472.30 Td (impact ) Tj ET Q q 0 0 0 rg BT 196.06 472.30 Td (of ) Tj ET Q q 0 0 0 rg BT 206.89 472.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 241.04 472.30 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.54 472.30 Td (of ) Tj ET Q q 0 0 0 rg BT 274.37 472.30 Td (raw ) Tj ET Q q 0 0 0 rg BT 291.86 472.30 Td (materials.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 451.30 Td (Segment Operating Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 92.72 436.30 Td (income ) Tj ET Q q 0 0 0 rg BT 124.88 436.30 Td (for ) Tj ET Q q 0 0 0 rg BT 139.27 436.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 163.66 436.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 186.39 436.30 Td (was ) Tj ET Q q 0 0 0 rg BT 204.68 436.30 Td ($7 ) Tj ET Q q 0 0 0 rg BT 217.41 436.30 Td (million, ) Tj ET Q q 0 0 0 rg BT 251.53 436.30 Td (an ) Tj ET Q q 0 0 0 rg BT 263.70 436.30 Td (improvement ) Tj ET Q q 0 0 0 rg BT 319.76 436.30 Td (of ) Tj ET Q q 0 0 0 rg BT 330.82 436.30 Td ($9 ) Tj ET Q q 0 0 0 rg BT 343.55 436.30 Td (million ) Tj ET Q q 0 0 0 rg BT 375.17 436.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 417.33 436.30 Td (to ) Tj ET Q q 0 0 0 rg BT 427.84 436.30 Td (an ) Tj ET Q q 0 0 0 rg BT 440.01 436.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.51 436.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 498.80 436.30 Td (of ) Tj ET Q q 0 0 0 rg BT 509.86 436.30 Td ($2 ) Tj ET Q q 0 0 0 rg BT 522.59 436.30 Td (million ) Tj ET Q q 0 0 0 rg BT 554.22 436.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.64 424.30 Td (2012. ) Tj ET Q q 0 0 0 rg BT 99.91 424.30 Td (The ) Tj ET Q q 0 0 0 rg BT 118.44 424.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 159.75 424.30 Td (results ) Tj ET Q q 0 0 0 rg BT 188.85 424.30 Td (were ) Tj ET Q q 0 0 0 rg BT 211.26 424.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 251.46 424.30 Td (due ) Tj ET Q q 0 0 0 rg BT 268.89 424.30 Td (to ) Tj ET Q q 0 0 0 rg BT 279.65 424.30 Td (slightly ) Tj ET Q q 0 0 0 rg BT 312.64 424.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 341.17 424.30 Td (demand ) Tj ET Q q 0 0 0 rg BT 375.81 424.30 Td (leading ) Tj ET Q q 0 0 0 rg BT 408.23 424.30 Td (to ) Tj ET Q q 0 0 0 rg BT 419.00 424.30 Td (higher ) Tj ET Q q 0 0 0 rg BT 447.53 424.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 469.96 424.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 506.83 424.30 Td (and ) Tj ET Q q 0 0 0 rg BT 524.25 424.30 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.30 Td (utilization ) Tj ET Q q 0 0 0 rg BT 93.05 412.30 Td (levels, ) Tj ET Q q 0 0 0 rg BT 121.37 412.30 Td (coupled ) Tj ET Q q 0 0 0 rg BT 155.53 412.30 Td (with ) Tj ET Q q 0 0 0 rg BT 175.81 412.30 Td (improved ) Tj ET Q q 0 0 0 rg BT 216.63 412.30 Td (operational ) Tj ET Q q 0 0 0 rg BT 264.11 412.30 Td (ef) Tj ET Q q 0 0 0 rg BT 271.70 412.30 Td (ficiencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.30 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 391.30 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.30 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 370.30 Td (e ) Tj ET Q q 0 0 0 rg BT 66.38 370.30 Td (rely ) Tj ET Q q 0 0 0 rg BT 85.23 370.30 Td (on ) Tj ET Q q 0 0 0 rg BT 98.54 370.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 119.61 370.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 158.47 370.30 Td (by ) Tj ET Q q 0 0 0 rg BT 171.77 370.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 212.84 370.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 252.25 370.30 Td (as ) Tj ET Q q 0 0 0 rg BT 263.88 370.30 Td (a ) Tj ET Q q 0 0 0 rg BT 271.63 370.30 Td (primary ) Tj ET Q q 0 0 0 rg BT 306.59 370.30 Td (source ) Tj ET Q q 0 0 0 rg BT 335.99 370.30 Td (of ) Tj ET Q q 0 0 0 rg BT 347.63 370.30 Td (liquidity) Tj ET Q q 0 0 0 rg BT 380.87 370.30 Td (, ) Tj ET Q q 0 0 0 rg BT 386.67 370.30 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 445.52 370.30 Td (by ) Tj ET Q q 0 0 0 rg BT 458.83 370.30 Td (current ) Tj ET Q q 0 0 0 rg BT 490.45 370.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 511.52 370.30 Td (on ) Tj ET Q q 0 0 0 rg BT 524.83 370.30 Td (hand ) Tj ET Q q 0 0 0 rg BT 547.57 370.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.30 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 98.05 358.30 Td (under ) Tj ET Q q 0 0 0 rg BT 123.32 358.30 Td (our ) Tj ET Q q 0 0 0 rg BT 139.15 358.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 173.32 358.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 198.58 358.30 Td (facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 337.30 Td (Sources and Uses of Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.30 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 316.30 Td (e ) Tj ET Q q 0 0 0 rg BT 65.76 316.30 Td (had ) Tj ET Q q 0 0 0 rg BT 82.88 316.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.33 316.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 140.43 316.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.44 316.30 Td ($26 ) Tj ET Q q 0 0 0 rg BT 169.12 316.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.01 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 200.69 316.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.81 316.30 Td ($13 ) Tj ET Q q 0 0 0 rg BT 235.49 316.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.38 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 267.07 316.30 Td (as ) Tj ET Q q 0 0 0 rg BT 278.08 316.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.50 316.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 335.07 316.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.07 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 357.75 316.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.87 316.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.87 316.30 Td (, ) Tj ET Q q 0 0 0 rg BT 400.05 316.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 447.71 316.30 Td (. ) Tj ET Q q 0 0 0 rg BT 452.89 316.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 475.57 316.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 512.67 316.30 Td (are ) Tj ET Q q 0 0 0 rg BT 527.56 316.30 Td (intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.30 Td (to ) Tj ET Q q 0 0 0 rg BT 60.25 304.30 Td (be ) Tj ET Q q 0 0 0 rg BT 72.16 304.30 Td (used ) Tj ET Q q 0 0 0 rg BT 92.96 304.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.65 304.30 Td (for ) Tj ET Q q 0 0 0 rg BT 146.78 304.30 Td (working ) Tj ET Q q 0 0 0 rg BT 182.58 304.30 Td (capital, ) Tj ET Q q 0 0 0 rg BT 214.20 304.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 243.33 304.30 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 299.39 304.30 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 352.14 304.30 Td (dividends ) Tj ET Q q 0 0 0 rg BT 393.50 304.30 Td (and ) Tj ET Q q 0 0 0 rg BT 410.41 304.30 Td (share ) Tj ET Q q 0 0 0 rg BT 433.98 304.30 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 485.97 304.30 Td (W) Tj ET Q q 0 0 0 rg BT 494.61 304.30 Td (e ) Tj ET Q q 0 0 0 rg BT 501.52 304.30 Td (also ) Tj ET Q q 0 0 0 rg BT 520.10 304.30 Td (use ) Tj ET Q q 0 0 0 rg BT 535.90 304.30 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.87 292.30 Td (on ) Tj ET Q q 0 0 0 rg BT 81.97 292.30 Td (hand ) Tj ET Q q 0 0 0 rg BT 103.51 292.30 Td (to ) Tj ET Q q 0 0 0 rg BT 113.39 292.30 Td (reduce ) Tj ET Q q 0 0 0 rg BT 142.14 292.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 178.13 292.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 226.90 292.30 Td (under ) Tj ET Q q 0 0 0 rg BT 251.77 292.30 Td (our ) Tj ET Q q 0 0 0 rg BT 267.20 292.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 292.07 292.30 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 330.63 292.30 Td (As ) Tj ET Q q 0 0 0 rg BT 343.85 292.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.82 292.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 399.81 292.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.81 292.30 Td (, ) Tj ET Q q 0 0 0 rg BT 424.41 292.30 Td (debt, ) Tj ET Q q 0 0 0 rg BT 446.23 292.30 Td (net ) Tj ET Q q 0 0 0 rg BT 460.55 292.30 Td (of ) Tj ET Q q 0 0 0 rg BT 470.98 292.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 493.35 292.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.01 292.30 Td ($294 ) Tj ET Q q 0 0 0 rg BT 533.11 292.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 292.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.86 280.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.08 280.30 Td ($368 ) Tj ET Q q 0 0 0 rg BT 127.51 280.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.40 280.30 Td ( ) Tj ET Q q 0 0 0 rg BT 159.84 280.30 Td (as ) Tj ET Q q 0 0 0 rg BT 171.61 280.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.61 280.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 229.94 280.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.94 280.30 Td ( ) Tj ET Q q 0 0 0 rg BT 253.38 280.30 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 279.01 280.30 Td (to ) Tj ET Q q 0 0 0 rg BT 290.23 280.30 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 337.63 280.30 Td ( ) Tj ET Q q 0 0 0 rg BT 341.07 280.30 Td (Financial ) Tj ET Q q 0 0 0 rg BT 381.72 280.30 Td (Measures ) Tj ET Q q 0 0 0 rg BT 423.48 280.30 Td (below\), ) Tj ET Q q 0 0 0 rg BT 457.18 280.30 Td (a ) Tj ET Q q 0 0 0 rg BT 465.06 280.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 502.91 280.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.67 280.30 Td ($75 ) Tj ET Q q 0 0 0 rg BT 533.11 280.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 280.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 90.23 268.30 Td (as ) Tj ET Q q 0 0 0 rg BT 101.57 268.30 Td (a ) Tj ET Q q 0 0 0 rg BT 109.03 268.30 Td (result ) Tj ET Q q 0 0 0 rg BT 134.26 268.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.60 268.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.83 268.30 Td (positive ) Tj ET Q q 0 0 0 rg BT 195.52 268.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 216.30 268.30 Td (flows ) Tj ET Q q 0 0 0 rg BT 241.54 268.30 Td (generated ) Tj ET Q q 0 0 0 rg BT 283.41 268.30 Td (by ) Tj ET Q q 0 0 0 rg BT 296.43 268.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 337.21 268.30 Td (activities. ) Tj ET Q q 0 0 0 rg BT 378.82 268.30 Td (Our ) Tj ET Q q 0 0 0 rg BT 397.39 268.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 418.17 268.30 Td (balances ) Tj ET Q q 0 0 0 rg BT 455.61 268.30 Td (as ) Tj ET Q q 0 0 0 rg BT 466.96 268.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.64 268.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 524.54 268.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.54 268.30 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 268.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 256.30 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 256.30 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.43 256.30 Td ($4 ) Tj ET Q q 0 0 0 rg BT 116.93 256.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.83 256.30 Td ( ) Tj ET Q q 0 0 0 rg BT 148.33 256.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.26 256.30 Td ($7 ) Tj ET Q q 0 0 0 rg BT 177.76 256.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.66 256.30 Td (, ) Tj ET Q q 0 0 0 rg BT 211.66 256.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 259.32 256.30 Td (, ) Tj ET Q q 0 0 0 rg BT 264.32 256.30 Td (which ) Tj ET Q q 0 0 0 rg BT 291.25 256.30 Td (are ) Tj ET Q q 0 0 0 rg BT 305.96 256.30 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 354.56 256.30 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 398.15 256.30 Td (in ) Tj ET Q q 0 0 0 rg BT 408.43 256.30 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 437.04 256.30 Td (Rico ) Tj ET Q q 0 0 0 rg BT 458.43 256.30 Td (and ) Tj ET Q q 0 0 0 rg BT 475.37 256.30 Td (Canada.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 233.96699218749995 m 130.634765625 233.96699218749995 l s q 0 0 0 rg BT 50.00 235.30 Td (Operating ) Tj ET Q q 0 0 0 rg BT 93.43 235.30 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.30 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.35 217.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.03 217.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 123.49 217.30 Td (by ) Tj ET Q q 0 0 0 rg BT 135.40 217.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 175.08 217.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 213.09 217.30 Td (in ) Tj ET Q q 0 0 0 rg BT 222.78 217.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.34 217.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.34 217.30 Td ( ) Tj ET Q q 0 0 0 rg BT 268.25 217.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.72 217.30 Td ($141 ) Tj ET Q q 0 0 0 rg BT 307.63 217.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.52 217.30 Td (, ) Tj ET Q q 0 0 0 rg BT 340.93 217.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 382.27 217.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.96 217.30 Td ($39 ) Tj ET Q q 0 0 0 rg BT 408.87 217.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.76 217.30 Td ( ) Tj ET Q q 0 0 0 rg BT 439.67 217.30 Td (in ) Tj ET Q q 0 0 0 rg BT 449.36 217.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.93 217.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.93 217.30 Td ( ) Tj ET Q q 0 0 0 rg BT 494.84 217.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.19 217.30 Td ($245 ) Tj ET Q q 0 0 0 rg BT 533.10 217.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.99 217.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.30 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 205.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 205.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.43 205.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.60 184.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 108.74 184.30 Td (by ) Tj ET Q q 0 0 0 rg BT 120.33 184.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 159.69 184.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 197.39 184.30 Td (in ) Tj ET Q q 0 0 0 rg BT 206.76 184.30 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.01 184.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.01 184.30 Td ( ) Tj ET Q q 0 0 0 rg BT 251.61 184.30 Td (included ) Tj ET Q q 0 0 0 rg BT 287.64 184.30 Td (a ) Tj ET Q q 0 0 0 rg BT 293.67 184.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 329.68 184.30 Td (in ) Tj ET Q q 0 0 0 rg BT 339.06 184.30 Td (inventories ) Tj ET Q q 0 0 0 rg BT 385.08 184.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.01 184.30 Td ($36 ) Tj ET Q q 0 0 0 rg BT 411.61 184.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 184.30 Td ( ) Tj ET Q q 0 0 0 rg BT 442.09 184.30 Td (due ) Tj ET Q q 0 0 0 rg BT 458.13 184.30 Td (to ) Tj ET Q q 0 0 0 rg BT 467.50 184.30 Td (the ) Tj ET Q q 0 0 0 rg BT 481.31 184.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 509.02 184.30 Td (of ) Tj ET Q q 0 0 0 rg BT 518.95 184.30 Td (shipments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.30 Td (Uses ) Tj ET Q q 0 0 0 rg BT 71.94 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 82.77 172.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 103.04 172.30 Td (included ) Tj ET Q q 0 0 0 rg BT 139.98 172.30 Td (an ) Tj ET Q q 0 0 0 rg BT 151.91 172.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 187.17 172.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.00 172.30 Td ($16 ) Tj ET Q q 0 0 0 rg BT 215.50 172.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.39 172.30 Td ( ) Tj ET Q q 0 0 0 rg BT 246.89 172.30 Td (in ) Tj ET Q q 0 0 0 rg BT 257.17 172.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 294.65 172.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 338.23 172.30 Td (due ) Tj ET Q q 0 0 0 rg BT 355.17 172.30 Td (to ) Tj ET Q q 0 0 0 rg BT 365.45 172.30 Td (the ) Tj ET Q q 0 0 0 rg BT 380.17 172.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 408.78 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 419.61 172.30 Td (shipments ) Tj ET Q q 0 0 0 rg BT 462.67 172.30 Td (and ) Tj ET Q q 0 0 0 rg BT 479.60 172.30 Td (collections. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.91 151.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 111.37 151.30 Td (by ) Tj ET Q q 0 0 0 rg BT 124.28 151.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 164.96 151.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 203.97 151.30 Td (in ) Tj ET Q q 0 0 0 rg BT 214.66 151.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 239.23 151.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 262.14 151.30 Td (included ) Tj ET Q q 0 0 0 rg BT 299.49 151.30 Td (a ) Tj ET Q q 0 0 0 rg BT 306.84 151.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 344.17 151.30 Td (in ) Tj ET Q q 0 0 0 rg BT 354.86 151.30 Td (inventories ) Tj ET Q q 0 0 0 rg BT 402.20 151.30 Td (of ) Tj ET Q q 0 0 0 rg BT 413.45 151.30 Td ($47 ) Tj ET Q q 0 0 0 rg BT 431.36 151.30 Td (million ) Tj ET Q q 0 0 0 rg BT 463.16 151.30 Td (due ) Tj ET Q q 0 0 0 rg BT 480.52 151.30 Td (to ) Tj ET Q q 0 0 0 rg BT 491.21 151.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 516.89 151.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 553.69 151.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.30 Td (material ) Tj ET Q q 0 0 0 rg BT 85.52 139.30 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 130.21 139.30 Td (Uses ) Tj ET Q q 0 0 0 rg BT 152.41 139.30 Td (of ) Tj ET Q q 0 0 0 rg BT 163.51 139.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 184.04 139.30 Td (included ) Tj ET Q q 0 0 0 rg BT 221.23 139.30 Td (an ) Tj ET Q q 0 0 0 rg BT 233.43 139.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 268.95 139.30 Td (of ) Tj ET Q q 0 0 0 rg BT 280.04 139.30 Td ($79 ) Tj ET Q q 0 0 0 rg BT 297.80 139.30 Td (million ) Tj ET Q q 0 0 0 rg BT 329.45 139.30 Td (in ) Tj ET Q q 0 0 0 rg BT 339.99 139.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 377.74 139.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 421.58 139.30 Td (due ) Tj ET Q q 0 0 0 rg BT 438.78 139.30 Td (to ) Tj ET Q q 0 0 0 rg BT 449.32 139.30 Td (the ) Tj ET Q q 0 0 0 rg BT 464.29 139.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 493.17 139.30 Td (of ) Tj ET Q q 0 0 0 rg BT 504.26 139.30 Td (shipments ) Tj ET Q q 0 0 0 rg BT 547.58 139.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.30 Td (collections ) Tj ET Q q 0 0 0 rg BT 95.82 127.30 Td (and ) Tj ET Q q 0 0 0 rg BT 112.76 127.30 Td (a ) Tj ET Q q 0 0 0 rg BT 119.70 127.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 156.61 127.30 Td (in ) Tj ET Q q 0 0 0 rg BT 166.89 127.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 204.38 127.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 237.97 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 248.80 127.30 Td ($1) Tj ET Q q 0 0 0 rg BT 258.43 127.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 265.93 127.30 Td (million ) Tj ET Q q 0 0 0 rg BT 297.32 127.30 Td (due ) Tj ET Q q 0 0 0 rg BT 314.26 127.30 Td (to ) Tj ET Q q 0 0 0 rg BT 324.54 127.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 349.80 127.30 Td (levels ) Tj ET Q q 0 0 0 rg BT 375.63 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 386.46 127.30 Td (material ) Tj ET Q q 0 0 0 rg BT 421.72 127.30 Td (purchases ) Tj ET Q q 0 0 0 rg BT 463.65 127.30 Td (and ) Tj ET Q q 0 0 0 rg BT 480.59 127.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 509.20 127.30 Td (of ) Tj ET Q q 0 0 0 rg BT 520.03 127.30 Td (payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.30 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.91 106.30 Td (provided ) Tj ET Q q 0 0 0 rg BT 111.37 106.30 Td (by ) Tj ET Q q 0 0 0 rg BT 124.28 106.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 164.96 106.30 Td (activities ) Tj ET Q q 0 0 0 rg BT 203.97 106.30 Td (in ) Tj ET Q q 0 0 0 rg BT 214.66 106.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 239.23 106.30 Td (2012 ) Tj ET Q q 0 0 0 rg BT 262.14 106.30 Td (included ) Tj ET Q q 0 0 0 rg BT 299.49 106.30 Td (a ) Tj ET Q q 0 0 0 rg BT 306.84 106.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 344.17 106.30 Td (in ) Tj ET Q q 0 0 0 rg BT 354.86 106.30 Td (inventories ) Tj ET Q q 0 0 0 rg BT 402.20 106.30 Td (of ) Tj ET Q q 0 0 0 rg BT 413.45 106.30 Td ($94 ) Tj ET Q q 0 0 0 rg BT 431.36 106.30 Td (million ) Tj ET Q q 0 0 0 rg BT 463.16 106.30 Td (due ) Tj ET Q q 0 0 0 rg BT 480.52 106.30 Td (to ) Tj ET Q q 0 0 0 rg BT 491.21 106.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 516.89 106.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 553.69 106.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.30 Td (material ) Tj ET Q q 0 0 0 rg BT 85.02 94.30 Td (purchases ) Tj ET Q q 0 0 0 rg BT 126.71 94.30 Td (and ) Tj ET Q q 0 0 0 rg BT 143.41 94.30 Td (a ) Tj ET Q q 0 0 0 rg BT 150.11 94.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 186.79 94.30 Td (of ) Tj ET Q q 0 0 0 rg BT 197.38 94.30 Td ($82 ) Tj ET Q q 0 0 0 rg BT 214.64 94.30 Td (million ) Tj ET Q q 0 0 0 rg BT 245.80 94.30 Td (in ) Tj ET Q q 0 0 0 rg BT 255.84 94.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 293.09 94.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 336.43 94.30 Td (due ) Tj ET Q q 0 0 0 rg BT 353.13 94.30 Td (to ) Tj ET Q q 0 0 0 rg BT 363.17 94.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 388.20 94.30 Td (sales ) Tj ET Q q 0 0 0 rg BT 409.90 94.30 Td (volumes ) Tj ET Q q 0 0 0 rg BT 446.05 94.30 Td (and ) Tj ET Q q 0 0 0 rg BT 462.75 94.30 Td (the ) Tj ET Q q 0 0 0 rg BT 477.23 94.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 505.60 94.30 Td (of ) Tj ET Q q 0 0 0 rg BT 516.20 94.30 Td (collections. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.30 Td (Uses ) Tj ET Q q 0 0 0 rg BT 72.75 82.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.38 82.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 105.46 82.30 Td (included ) Tj ET Q q 0 0 0 rg BT 143.19 82.30 Td (a ) Tj ET Q q 0 0 0 rg BT 150.94 82.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 188.66 82.30 Td (in ) Tj ET Q q 0 0 0 rg BT 199.74 82.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 238.03 82.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 272.43 82.30 Td (of ) Tj ET Q q 0 0 0 rg BT 284.06 82.30 Td ($26 ) Tj ET Q q 0 0 0 rg BT 302.37 82.30 Td (million ) Tj ET Q q 0 0 0 rg BT 334.56 82.30 Td (due ) Tj ET Q q 0 0 0 rg BT 352.31 82.30 Td (to ) Tj ET Q q 0 0 0 rg BT 363.39 82.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 389.46 82.30 Td (levels ) Tj ET Q q 0 0 0 rg BT 416.09 82.30 Td (of ) Tj ET Q q 0 0 0 rg BT 427.73 82.30 Td (material ) Tj ET Q q 0 0 0 rg BT 463.79 82.30 Td (purchases ) Tj ET Q q 0 0 0 rg BT 506.52 82.30 Td (and ) Tj ET Q q 0 0 0 rg BT 524.27 82.30 Td (timing ) Tj ET Q q 0 0 0 rg BT 553.69 82.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.83 70.30 Td (and ) Tj ET Q q 0 0 0 rg BT 107.76 70.30 Td (a ) Tj ET Q q 0 0 0 rg BT 114.70 70.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 151.62 70.30 Td (in ) Tj ET Q q 0 0 0 rg BT 161.89 70.30 Td (accrued ) Tj ET Q q 0 0 0 rg BT 195.48 70.30 Td (income ) Tj ET Q q 0 0 0 rg BT 227.41 70.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 250.46 70.30 Td (of ) Tj ET Q q 0 0 0 rg BT 261.29 70.30 Td ($20 ) Tj ET Q q 0 0 0 rg BT 278.79 70.30 Td (million ) Tj ET Q q 0 0 0 rg BT 310.18 70.30 Td (due ) Tj ET Q q 0 0 0 rg BT 327.12 70.30 Td (to ) Tj ET Q q 0 0 0 rg BT 337.40 70.30 Td (lower ) Tj ET Q q 0 0 0 rg BT 362.67 70.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.15 70.30 Td (results ) Tj ET Q q 0 0 0 rg BT 428.75 70.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 470.68 70.30 Td (to ) Tj ET Q q 0 0 0 rg BT 480.96 70.30 Td (the ) Tj ET Q q 0 0 0 rg BT 495.67 70.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 517.61 70.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 541.77 70.30 Td (year) Tj ET Q q 0 0 0 rg BT 558.42 70.30 Td (. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (36) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 740.7669921875 m 126.181640625 740.7669921875 l s q 0 0 0 rg BT 50.00 742.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 88.97 742.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.09 724.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.50 724.10 Td (used ) Tj ET Q q 0 0 0 rg BT 108.48 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.91 724.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 158.23 724.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 196.97 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 207.40 724.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.70 724.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.70 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.35 724.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.55 724.10 Td ($41 ) Tj ET Q q 0 0 0 rg BT 290.20 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.09 724.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.24 724.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 366.32 724.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.74 724.10 Td ($1) Tj ET Q q 0 0 0 rg BT 386.37 724.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 399.02 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.91 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.56 724.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.99 724.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.29 724.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.29 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.94 724.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.03 724.10 Td ($84 ) Tj ET Q q 0 0 0 rg BT 522.68 724.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.57 724.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.22 724.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.16 712.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.16 712.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.88 691.10 Td (used ) Tj ET Q q 0 0 0 rg BT 96.09 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.76 691.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 148.30 691.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 188.28 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.94 691.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.48 691.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.48 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 249.36 691.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.68 691.10 Td ($39 ) Tj ET Q q 0 0 0 rg BT 306.56 691.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.45 691.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.34 691.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.00 691.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 381.53 691.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 436.51 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.17 691.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 484.26 691.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.47 691.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 547.56 691.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (infrastructure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 74.22 658.10 Td (used ) Tj ET Q q 0 0 0 rg BT 96.78 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.78 658.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 149.67 658.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 189.99 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.99 658.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 227.87 658.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 252.09 658.10 Td (included ) Tj ET Q q 0 0 0 rg BT 290.75 658.10 Td ($90 ) Tj ET Q q 0 0 0 rg BT 309.98 658.10 Td (million ) Tj ET Q q 0 0 0 rg BT 343.09 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.09 658.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 385.97 658.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 443.78 658.10 Td (including ) Tj ET Q q 0 0 0 rg BT 485.78 658.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 537.78 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 658.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 103.28 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.46 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.74 646.10 Td (new ) Tj ET Q q 0 0 0 rg BT 144.25 646.10 Td (shredder) Tj ET Q q 0 0 0 rg BT 178.28 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.62 646.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 226.22 646.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 272.84 646.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 318.90 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.18 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 368.23 646.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 425.94 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.45 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.63 646.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 490.79 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.42 646.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 528.43 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 534.77 646.10 Td (British ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 95.47 634.10 Td (which ) Tj ET Q q 0 0 0 rg BT 123.43 634.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 175.27 634.10 Td (shredding ) Tj ET Q q 0 0 0 rg BT 218.23 634.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 263.41 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.71 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.45 634.10 Td (third ) Tj ET Q q 0 0 0 rg BT 312.86 634.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 344.70 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.56 634.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 381.74 634.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 407.76 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.72 634.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 478.68 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.54 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.50 634.10 Td (new ) Tj ET Q q 0 0 0 rg BT 518.68 634.10 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 94.64 622.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 124.82 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.47 622.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 162.44 622.10 Td (Rico, ) Tj ET Q q 0 0 0 rg BT 185.70 622.10 Td (which ) Tj ET Q q 0 0 0 rg BT 212.00 622.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 262.18 622.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 305.70 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.35 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.43 622.10 Td (first ) Tj ET Q q 0 0 0 rg BT 347.40 622.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 377.59 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.78 622.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 411.30 622.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 435.67 622.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 457.54 622.10 Td (used ) Tj ET Q q 0 0 0 rg BT 477.73 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.38 622.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 525.91 622.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (also ) Tj ET Q q 0 0 0 rg BT 68.61 610.10 Td (included ) Tj ET Q q 0 0 0 rg BT 105.54 610.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 123.04 610.10 Td (million ) Tj ET Q q 0 0 0 rg BT 154.43 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.59 610.10 Td (acquisitions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.03 589.10 Td (used ) Tj ET Q q 0 0 0 rg BT 94.40 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.21 589.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 144.91 589.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 184.05 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.86 589.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 219.55 589.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 242.58 589.10 Td (included ) Tj ET Q q 0 0 0 rg BT 280.05 589.10 Td ($79 ) Tj ET Q q 0 0 0 rg BT 298.09 589.10 Td (million ) Tj ET Q q 0 0 0 rg BT 330.01 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.83 589.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.51 589.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 427.14 589.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 467.39 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.20 589.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 510.11 589.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 547.57 589.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (upgrade ) Tj ET Q q 0 0 0 rg BT 84.71 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.54 577.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 145.25 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.19 577.10 Td (infrastructure.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 554.7669921875 m 130.6298828125 554.7669921875 l s q 0 0 0 rg BT 50.00 556.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 93.42 556.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.09 538.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.51 538.10 Td (used ) Tj ET Q q 0 0 0 rg BT 108.50 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.93 538.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 159.34 538.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 198.09 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.41 538.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.72 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.72 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.37 538.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.57 538.10 Td ($88 ) Tj ET Q q 0 0 0 rg BT 295.23 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.12 538.10 Td (, ) Tj ET Q q 0 0 0 rg BT 329.27 538.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 371.35 538.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.78 538.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 404.43 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.32 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.98 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.41 538.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.71 538.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.71 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.37 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.46 538.10 Td ($120 ) Tj ET Q q 0 0 0 rg BT 533.11 538.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 526.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 526.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.43 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.19 505.10 Td (used ) Tj ET Q q 0 0 0 rg BT 92.71 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.68 505.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 142.63 505.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 180.92 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.89 505.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.73 505.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.73 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.92 505.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.55 505.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 290.74 505.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.63 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.82 505.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.67 505.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 355.63 505.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 396.70 505.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.33 505.10 Td ($64 ) Tj ET Q q 0 0 0 rg BT 430.52 505.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.41 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.60 505.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.57 505.10 Td (net ) Tj ET Q q 0 0 0 rg BT 485.98 505.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 534.26 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.78 505.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 74.70 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.98 493.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 132.38 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.88 493.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 174.59 493.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 215.42 493.10 Td (below\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.75 472.10 Td (used ) Tj ET Q q 0 0 0 rg BT 93.82 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.35 472.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 144.86 472.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 183.70 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.23 472.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 218.63 472.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 241.38 472.10 Td (included ) Tj ET Q q 0 0 0 rg BT 278.56 472.10 Td ($20 ) Tj ET Q q 0 0 0 rg BT 296.30 472.10 Td (million ) Tj ET Q q 0 0 0 rg BT 327.94 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.35 472.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 362.86 472.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 404.50 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.68 472.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 439.43 472.10 Td (million ) Tj ET Q q 0 0 0 rg BT 471.07 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.47 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.44 472.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 538.72 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 472.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 98.60 460.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 160.01 460.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.97 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.27 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.01 460.10 Td (third ) Tj ET Q q 0 0 0 rg BT 238.42 460.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.26 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.12 460.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 304.30 460.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 329.32 460.10 Td (Sources ) Tj ET Q q 0 0 0 rg BT 363.51 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.36 460.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 394.65 460.10 Td (included ) Tj ET Q q 0 0 0 rg BT 431.61 460.10 Td ($43 ) Tj ET Q q 0 0 0 rg BT 449.14 460.10 Td (million ) Tj ET Q q 0 0 0 rg BT 480.55 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.85 460.10 Td (net ) Tj ET Q q 0 0 0 rg BT 505.60 460.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 553.67 460.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 68.95 448.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 92.89 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.40 448.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 149.81 448.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.54 448.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 190.49 448.10 Td (Measures ) Tj ET Q q 0 0 0 rg BT 230.55 448.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 260.05 448.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 289.56 448.10 Td (used ) Tj ET Q q 0 0 0 rg BT 309.63 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.14 448.10 Td (support ) Tj ET Q q 0 0 0 rg BT 350.88 448.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 378.16 448.10 Td (working ) Tj ET Q q 0 0 0 rg BT 413.23 448.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 441.61 448.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 495.55 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.72 448.10 Td (acquisitions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.18 427.10 Td (used ) Tj ET Q q 0 0 0 rg BT 92.69 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.64 427.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 142.58 427.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 180.86 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.82 427.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 212.99 427.10 Td (included ) Tj ET Q q 0 0 0 rg BT 249.60 427.10 Td ($69 ) Tj ET Q q 0 0 0 rg BT 266.78 427.10 Td (million ) Tj ET Q q 0 0 0 rg BT 297.85 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.81 427.10 Td (net ) Tj ET Q q 0 0 0 rg BT 322.20 427.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 370.47 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.98 427.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.38 427.10 Td (\(refer ) Tj ET Q q 0 0 0 rg BT 424.75 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.71 427.10 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 482.11 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.29 427.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 523.68 427.10 Td (Measures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 80.17 415.10 Td (using ) Tj ET Q q 0 0 0 rg BT 104.25 415.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 124.43 415.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 165.69 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 187.54 415.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 234.10 415.10 Td ($33 ) Tj ET Q q 0 0 0 rg BT 251.51 415.10 Td (million ) Tj ET Q q 0 0 0 rg BT 282.80 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.87 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.49 415.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 357.21 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.94 415.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 417.01 415.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 444.41 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.15 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 470.88 415.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 494.43 415.10 Td (A) Tj ET Q q 0 0 0 rg BT 501.10 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.50 415.10 Td (common ) Tj ET Q q 0 0 0 rg BT 540.91 415.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 403.10 Td ($1) Tj ET Q q 0 0 0 rg BT 76.57 403.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 84.07 403.10 Td (million ) Tj ET Q q 0 0 0 rg BT 115.46 403.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.62 403.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.89 403.10 Td (dividends.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Credit Facilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (Following is a summary of our outstanding balances and availability on credit facilities and long-term debt \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 316.60 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 316.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 316.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 316.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.60 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 286.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 286.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 316.6 m 438.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 316.6 m 498.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 316.6 m 562.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 316.6 m 438.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 316.6 m 498.5 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 316.6 m 562.5 316.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.30 341.28 Td (Outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.10 331.28 Td (as of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.70 321.28 Td (8/31/2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.65 331.28 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.35 321.28 Td (Availability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 306.27 Td (Unsecured, uncommitted credit line) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 306.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 306.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 306.27 Td (25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 291.27 Td (Bank unsecured revolving credit facility) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 214.05 295.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 291.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 291.27 Td (305,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 291.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 291.27 Td (387,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.27 Td (Tax-exempt economic development revenue bonds due January 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 276.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 276.27 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 276.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 261.27 Td (Other debt obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 261.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 261.27 Td (1,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 261.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 247.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 234.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 234.90 Td (Remaining ) Tj ET Q q 0 0 0 rg BT 105.11 234.90 Td (availability ) Tj ET Q q 0 0 0 rg BT 143.09 234.90 Td (is ) Tj ET Q q 0 0 0 rg BT 150.43 234.90 Td (net ) Tj ET Q q 0 0 0 rg BT 162.20 234.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 170.87 234.90 Td ($5 ) Tj ET Q q 0 0 0 rg BT 180.87 234.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.98 234.90 Td ( ) Tj ET Q q 0 0 0 rg BT 205.98 234.90 Td (of ) Tj ET Q q 0 0 0 rg BT 214.64 234.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 253.98 234.90 Td (stand-by ) Tj ET Q q 0 0 0 rg BT 283.53 234.90 Td (letters ) Tj ET Q q 0 0 0 rg BT 305.07 234.90 Td (of ) Tj ET Q q 0 0 0 rg BT 313.74 234.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 333.95 234.90 Td (as ) Tj ET Q q 0 0 0 rg BT 342.61 234.90 Td (of ) Tj ET Q q 0 0 0 rg BT 350.84 234.90 Td (August ) Tj ET Q q 0 0 0 rg BT 375.95 234.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 387.95 234.90 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.14 216.90 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 111.27 216.90 Td (committed ) Tj ET Q q 0 0 0 rg BT 156.63 216.90 Td (bank ) Tj ET Q q 0 0 0 rg BT 178.66 216.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 204.02 216.90 Td (facility) Tj ET Q q 0 0 0 rg BT 231.69 216.90 Td (, ) Tj ET Q q 0 0 0 rg BT 236.78 216.90 Td (which ) Tj ET Q q 0 0 0 rg BT 263.81 216.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 300.84 216.90 Td (for ) Tj ET Q q 0 0 0 rg BT 315.09 216.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 356.01 216.90 Td (loans ) Tj ET Q q 0 0 0 rg BT 379.71 216.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.63 216.90 Td ($670 ) Tj ET Q q 0 0 0 rg BT 413.22 216.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.12 216.90 Td ( ) Tj ET Q q 0 0 0 rg BT 444.71 216.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.74 216.90 Td (C$30 ) Tj ET Q q 0 0 0 rg BT 486.00 216.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.89 216.90 Td (, ) Tj ET Q q 0 0 0 rg BT 519.98 216.90 Td (matures ) Tj ET Q q 0 0 0 rg BT 554.23 216.90 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.90 Td (April ) Tj ET Q q 0 0 0 rg BT 73.87 204.90 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.87 204.90 Td ( ) Tj ET Q q 0 0 0 rg BT 96.64 204.90 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 133.84 204.90 Td (to ) Tj ET Q q 0 0 0 rg BT 144.38 204.90 Td (a ) Tj ET Q q 0 0 0 rg BT 151.58 204.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.11 204.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 221.51 204.90 Td (with ) Tj ET Q q 0 0 0 rg BT 242.06 204.90 Td (Bank ) Tj ET Q q 0 0 0 rg BT 265.93 204.90 Td (of ) Tj ET Q q 0 0 0 rg BT 276.41 204.90 Td (America, ) Tj ET Q q 0 0 0 rg BT 316.10 204.90 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 338.31 204.90 Td (as ) Tj ET Q q 0 0 0 rg BT 349.40 204.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 409.37 204.90 Td (agent, ) Tj ET Q q 0 0 0 rg BT 436.29 204.90 Td (and ) Tj ET Q q 0 0 0 rg BT 453.49 204.90 Td (other ) Tj ET Q q 0 0 0 rg BT 476.80 204.90 Td (lenders ) Tj ET Q q 0 0 0 rg BT 508.44 204.90 Td (party ) Tj ET Q q 0 0 0 rg BT 531.75 204.90 Td (thereto. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.90 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.59 192.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 104.06 192.90 Td (on ) Tj ET Q q 0 0 0 rg BT 116.66 192.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 165.93 192.90 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 220.18 192.90 Td (under ) Tj ET Q q 0 0 0 rg BT 245.55 192.90 Td (the ) Tj ET Q q 0 0 0 rg BT 260.37 192.90 Td (agreement ) Tj ET Q q 0 0 0 rg BT 304.61 192.90 Td (are ) Tj ET Q q 0 0 0 rg BT 319.42 192.90 Td (based, ) Tj ET Q q 0 0 0 rg BT 347.29 192.90 Td (at ) Tj ET Q q 0 0 0 rg BT 357.10 192.90 Td (our ) Tj ET Q q 0 0 0 rg BT 373.03 192.90 Td (option, ) Tj ET Q q 0 0 0 rg BT 403.69 192.90 Td (on ) Tj ET Q q 0 0 0 rg BT 416.29 192.90 Td (either ) Tj ET Q q 0 0 0 rg BT 441.65 192.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.47 192.90 Td (London ) Tj ET Q q 0 0 0 rg BT 490.18 192.90 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 531.09 192.90 Td (Of) Tj ET Q q 0 0 0 rg BT 541.46 192.90 Td (fered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.90 Td (Rate ) Tj ET Q q 0 0 0 rg BT 70.94 180.90 Td (\(or ) Tj ET Q q 0 0 0 rg BT 85.21 180.90 Td (the ) Tj ET Q q 0 0 0 rg BT 100.04 180.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 140.41 180.90 Td (equivalent\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.39 180.90 Td ( ) Tj ET Q q 0 0 0 rg BT 188.00 180.90 Td (plus ) Tj ET Q q 0 0 0 rg BT 207.28 180.90 Td (a ) Tj ET Q q 0 0 0 rg BT 214.33 180.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 243.04 180.90 Td (of ) Tj ET Q q 0 0 0 rg BT 253.99 180.90 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.91 180.90 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.74 180.90 Td ( ) Tj ET Q q 0 0 0 rg BT 318.35 180.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.40 180.90 Td (2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.23 180.90 Td (, ) Tj ET Q q 0 0 0 rg BT 366.34 180.90 Td (with ) Tj ET Q q 0 0 0 rg BT 386.73 180.90 Td (the ) Tj ET Q q 0 0 0 rg BT 401.56 180.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.17 180.90 Td (of ) Tj ET Q q 0 0 0 rg BT 445.11 180.90 Td (the ) Tj ET Q q 0 0 0 rg BT 459.94 180.90 Td (spread ) Tj ET Q q 0 0 0 rg BT 488.65 180.90 Td (based ) Tj ET Q q 0 0 0 rg BT 514.03 180.90 Td (on ) Tj ET Q q 0 0 0 rg BT 526.64 180.90 Td (a ) Tj ET Q q 0 0 0 rg BT 533.69 180.90 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.90 Td (grid ) Tj ET Q q 0 0 0 rg BT 68.44 168.90 Td (tied ) Tj ET Q q 0 0 0 rg BT 85.76 168.90 Td (to ) Tj ET Q q 0 0 0 rg BT 95.86 168.90 Td (our ) Tj ET Q q 0 0 0 rg BT 111.52 168.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 147.71 168.90 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 170.86 168.90 Td (or ) Tj ET Q q 0 0 0 rg BT 181.52 168.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.06 168.90 Td (greater ) Tj ET Q q 0 0 0 rg BT 226.14 168.90 Td (of ) Tj ET Q q 0 0 0 rg BT 236.80 168.90 Td (the ) Tj ET Q q 0 0 0 rg BT 251.34 168.90 Td (prime ) Tj ET Q q 0 0 0 rg BT 276.99 168.90 Td (rate, ) Tj ET Q q 0 0 0 rg BT 296.80 168.90 Td (the ) Tj ET Q q 0 0 0 rg BT 311.35 168.90 Td (federal ) Tj ET Q q 0 0 0 rg BT 341.43 168.90 Td (funds ) Tj ET Q q 0 0 0 rg BT 365.98 168.90 Td (rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.96 168.90 Td ( ) Tj ET Q q 0 0 0 rg BT 383.29 168.90 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.29 168.90 Td (0.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.12 168.90 Td ( ) Tj ET Q q 0 0 0 rg BT 425.44 168.90 Td (or ) Tj ET Q q 0 0 0 rg BT 436.10 168.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.64 168.90 Td (British ) Tj ET Q q 0 0 0 rg BT 480.20 168.90 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 514.78 168.90 Td (Association ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.90 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 83.07 156.90 Td (Rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.39 156.90 Td ( ) Tj ET Q q 0 0 0 rg BT 104.46 156.90 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.19 156.90 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.02 156.90 Td (. ) Tj ET Q q 0 0 0 rg BT 155.59 156.90 Td (In ) Tj ET Q q 0 0 0 rg BT 166.99 156.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 205.33 156.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 235.05 156.90 Td (commitment ) Tj ET Q q 0 0 0 rg BT 288.66 156.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 307.83 156.90 Td (are ) Tj ET Q q 0 0 0 rg BT 323.10 156.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 357.26 156.90 Td (on ) Tj ET Q q 0 0 0 rg BT 370.33 156.90 Td (the ) Tj ET Q q 0 0 0 rg BT 385.61 156.90 Td (unused ) Tj ET Q q 0 0 0 rg BT 417.01 156.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 448.96 156.90 Td (of ) Tj ET Q q 0 0 0 rg BT 460.36 156.90 Td (the ) Tj ET Q q 0 0 0 rg BT 475.64 156.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 501.47 156.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 532.86 156.90 Td (at ) Tj ET Q q 0 0 0 rg BT 543.14 156.90 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.90 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.82 144.90 Td (0.15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.65 144.90 Td ( ) Tj ET Q q 0 0 0 rg BT 114.15 144.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.08 144.90 Td (0.35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 144.90 Td ( ) Tj ET Q q 0 0 0 rg BT 159.41 144.90 Td (based ) Tj ET Q q 0 0 0 rg BT 184.68 144.90 Td (on ) Tj ET Q q 0 0 0 rg BT 197.18 144.90 Td (a ) Tj ET Q q 0 0 0 rg BT 204.12 144.90 Td (pricing ) Tj ET Q q 0 0 0 rg BT 234.95 144.90 Td (grid ) Tj ET Q q 0 0 0 rg BT 253.55 144.90 Td (tied ) Tj ET Q q 0 0 0 rg BT 271.05 144.90 Td (to ) Tj ET Q q 0 0 0 rg BT 281.33 144.90 Td (our ) Tj ET Q q 0 0 0 rg BT 297.16 144.90 Td (leverage ) Tj ET Q q 0 0 0 rg BT 333.52 144.90 Td (ratio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 123.90 Td (e ) Tj ET Q q 0 0 0 rg BT 66.65 123.90 Td (had ) Tj ET Q q 0 0 0 rg BT 84.66 123.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 133.79 123.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 184.02 123.90 Td (under ) Tj ET Q q 0 0 0 rg BT 210.37 123.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.16 123.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 252.49 123.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 284.39 123.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.29 123.90 Td ($305 ) Tj ET Q q 0 0 0 rg BT 319.86 123.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.75 123.90 Td ( ) Tj ET Q q 0 0 0 rg BT 352.33 123.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.34 123.90 Td ($360 ) Tj ET Q q 0 0 0 rg BT 393.91 123.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.80 123.90 Td ( ) Tj ET Q q 0 0 0 rg BT 426.38 123.90 Td (as ) Tj ET Q q 0 0 0 rg BT 438.28 123.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.40 123.90 Td (August ) Tj ET Q q 0 0 0 rg BT 481.86 123.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 497.93 123.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 521.51 123.90 Td (and ) Tj ET Q q 0 0 0 rg BT 539.52 123.90 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 123.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 111.90 Td (. ) Tj ET Q q 0 0 0 rg BT 102.82 111.90 Td (The ) Tj ET Q q 0 0 0 rg BT 121.24 111.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 160.77 111.90 Td (average ) Tj ET Q q 0 0 0 rg BT 194.72 111.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 227.03 111.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 244.89 111.90 Td (on ) Tj ET Q q 0 0 0 rg BT 257.76 111.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 294.51 111.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 344.05 111.90 Td (under ) Tj ET Q q 0 0 0 rg BT 369.69 111.90 Td (this ) Tj ET Q q 0 0 0 rg BT 387.01 111.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 418.20 111.90 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.62 111.90 Td (1.91%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.45 111.90 Td ( ) Tj ET Q q 0 0 0 rg BT 465.32 111.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.63 111.90 Td (1.98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.46 111.90 Td ( ) Tj ET Q q 0 0 0 rg BT 511.34 111.90 Td (as ) Tj ET Q q 0 0 0 rg BT 522.54 111.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.10 111.90 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 99.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 87.50 99.90 Td (and ) Tj ET Q q 0 0 0 rg BT 104.44 99.90 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.44 99.90 Td (, ) Tj ET Q q 0 0 0 rg BT 129.44 99.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.10 99.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 78.90 Td (e ) Tj ET Q q 0 0 0 rg BT 66.15 78.90 Td (also ) Tj ET Q q 0 0 0 rg BT 85.32 78.90 Td (have ) Tj ET Q q 0 0 0 rg BT 107.27 78.90 Td (an ) Tj ET Q q 0 0 0 rg BT 119.78 78.90 Td (unsecured, ) Tj ET Q q 0 0 0 rg BT 165.88 78.90 Td (uncommitted ) Tj ET Q q 0 0 0 rg BT 221.72 78.90 Td ($25 ) Tj ET Q q 0 0 0 rg BT 239.79 78.90 Td (million ) Tj ET Q q 0 0 0 rg BT 271.75 78.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 297.58 78.90 Td (line ) Tj ET Q q 0 0 0 rg BT 315.64 78.90 Td (with ) Tj ET Q q 0 0 0 rg BT 336.27 78.90 Td (W) Tj ET Q q 0 0 0 rg BT 344.91 78.90 Td (ells ) Tj ET Q q 0 0 0 rg BT 361.86 78.90 Td (Far) Tj ET Q q 0 0 0 rg BT 375.01 78.90 Td (go ) Tj ET Q q 0 0 0 rg BT 388.08 78.90 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 414.76 78.90 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 437.27 78.90 Td (that ) Tj ET Q q 0 0 0 rg BT 455.33 78.90 Td (expires ) Tj ET Q q 0 0 0 rg BT 487.28 78.90 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.35 78.90 Td (March1, ) Tj ET Q q 0 0 0 rg BT 539.52 78.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 78.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.90 Td (Interest ) Tj ET Q q 0 0 0 rg BT 82.41 66.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 103.71 66.90 Td (are ) Tj ET Q q 0 0 0 rg BT 118.35 66.90 Td (set ) Tj ET Q q 0 0 0 rg BT 131.88 66.90 Td (by ) Tj ET Q q 0 0 0 rg BT 144.31 66.90 Td (the ) Tj ET Q q 0 0 0 rg BT 158.95 66.90 Td (bank ) Tj ET Q q 0 0 0 rg BT 180.81 66.90 Td (at ) Tj ET Q q 0 0 0 rg BT 190.46 66.90 Td (the ) Tj ET Q q 0 0 0 rg BT 205.10 66.90 Td (time ) Tj ET Q q 0 0 0 rg BT 225.30 66.90 Td (of ) Tj ET Q q 0 0 0 rg BT 236.05 66.90 Td (borrowing. ) Tj ET Q q 0 0 0 rg BT 282.46 66.90 Td (W) Tj ET Q q 0 0 0 rg BT 291.10 66.90 Td (e ) Tj ET Q q 0 0 0 rg BT 297.97 66.90 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.83 66.90 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.83 66.90 Td ( ) Tj ET Q q 0 0 0 rg BT 327.26 66.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 375.23 66.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 424.32 66.90 Td (under ) Tj ET Q q 0 0 0 rg BT 449.52 66.90 Td (this ) Tj ET Q q 0 0 0 rg BT 466.39 66.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 497.14 66.90 Td (as ) Tj ET Q q 0 0 0 rg BT 507.90 66.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.12 66.90 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 54.90 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 54.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 54.90 Td ($9 ) Tj ET Q q 0 0 0 rg BT 101.94 54.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.83 54.90 Td ( ) Tj ET Q q 0 0 0 rg BT 133.33 54.90 Td (in ) Tj ET Q q 0 0 0 rg BT 143.61 54.90 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 191.66 54.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 240.83 54.90 Td (as ) Tj ET Q q 0 0 0 rg BT 251.66 54.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.93 54.90 Td (August31, ) Tj ET Q q 0 0 0 rg BT 308.33 54.90 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.33 54.90 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (37) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 67.22 742.10 Td (use ) Tj ET Q q 0 0 0 rg BT 84.69 742.10 Td (these ) Tj ET Q q 0 0 0 rg BT 109.38 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 136.28 742.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 174.85 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.77 742.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 209.25 742.10 Td (working ) Tj ET Q q 0 0 0 rg BT 246.72 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 277.51 742.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 336.35 742.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 390.77 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 421.56 742.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 479.29 742.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 522.32 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.90 742.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 102.06 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.15 730.10 Td (two ) Tj ET Q q 0 0 0 rg BT 137.70 730.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 159.68 730.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 184.99 730.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 233.07 730.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 265.05 730.10 Td (various ) Tj ET Q q 0 0 0 rg BT 297.03 730.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 360.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.09 730.10 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 423.78 730.10 Td (events ) Tj ET Q q 0 0 0 rg BT 451.87 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.75 730.10 Td (default ) Tj ET Q q 0 0 0 rg BT 493.06 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.04 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 547.57 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.21 718.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 113.85 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 139.95 718.10 Td (could ) Tj ET Q q 0 0 0 rg BT 163.82 718.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 184.38 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.36 718.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 223.79 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.78 718.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 265.99 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.42 718.10 Td (create ) Tj ET Q q 0 0 0 rg BT 300.95 718.10 Td (liens, ) Tj ET Q q 0 0 0 rg BT 323.99 718.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 344.53 718.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 386.18 718.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 416.99 718.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 438.63 718.10 Td (into ) Tj ET Q q 0 0 0 rg BT 455.85 718.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 505.27 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.71 718.10 Td (af) Tj ET Q q 0 0 0 rg BT 532.30 718.10 Td (filiates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 81.52 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.05 706.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 130.14 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.56 706.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 187.38 706.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 228.33 706.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 250.14 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.67 706.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 314.30 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.73 706.10 Td (mer) Tj ET Q q 0 0 0 rg BT 340.09 706.10 Td (ge. ) Tj ET Q q 0 0 0 rg BT 353.97 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 371.61 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.68 706.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 450.76 706.10 Td (include ) Tj ET Q q 0 0 0 rg BT 482.29 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.82 706.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 541.45 706.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 694.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 78.73 694.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 117.07 694.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 140.16 694.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 172.41 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.48 694.10 Td (four) Tj ET Q q 0 0 0 rg BT 213.94 694.10 Td (-quarter ) Tj ET Q q 0 0 0 rg BT 247.85 694.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 276.77 694.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 295.71 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.30 694.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 359.10 694.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 394.69 694.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 430.80 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.06 694.10 Td (less ) Tj ET Q q 0 0 0 rg BT 450.32 694.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 482.57 694.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 535.36 694.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 102.73 682.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 134.37 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.01 682.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 198.19 682.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 220.38 682.10 Td (char) Tj ET Q q 0 0 0 rg BT 237.40 682.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 254.87 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.95 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.03 682.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 329.21 682.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 364.71 682.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 387.18 682.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 418.80 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.77 682.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.95 682.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 510.36 682.10 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 82.69 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 95.38 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.29 670.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 129.66 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.68 670.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 193.92 670.10 Td (net ) Tj ET Q q 0 0 0 rg BT 208.83 670.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 234.86 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.99 670.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 305.22 670.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 335.69 670.10 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 392.34 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 400.98 670.10 Td (e ) Tj ET Q q 0 0 0 rg BT 408.11 670.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 429.67 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.15 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.06 670.10 Td (Forms ) Tj ET Q q 0 0 0 rg BT 483.31 670.10 Td (8-K ) Tj ET Q q 0 0 0 rg BT 501.56 670.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 525.91 670.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (14, ) Tj ET Q q 0 0 0 rg BT 64.45 658.10 Td (201) Tj ET Q q 0 0 0 rg BT 79.08 658.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 86.04 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.00 658.10 Td (April ) Tj ET Q q 0 0 0 rg BT 125.06 658.10 Td (16, ) Tj ET Q q 0 0 0 rg BT 139.52 658.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 163.97 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 190.36 658.10 Td (include ) Tj ET Q q 0 0 0 rg BT 221.75 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 232.04 658.10 Td (attachments ) Tj ET Q q 0 0 0 rg BT 281.75 658.10 Td (copies ) Tj ET Q q 0 0 0 rg BT 309.25 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.54 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.71 658.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 376.20 658.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 420.92 658.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 442.32 658.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 467.03 658.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 513.13 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.41 658.10 Td (amended, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 646.10 Td (detailed ) Tj ET Q q 0 0 0 rg BT 113.03 646.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 168.30 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.46 646.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 228.83 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.54 646.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.03 646.10 Td (covenants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (As ) Tj ET Q q 0 0 0 rg BT 64.01 625.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.59 625.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 121.38 625.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.38 625.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.77 625.10 Td (we ) Tj ET Q q 0 0 0 rg BT 161.33 625.10 Td (were ) Tj ET Q q 0 0 0 rg BT 183.65 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.32 625.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 243.31 625.10 Td (with ) Tj ET Q q 0 0 0 rg BT 263.98 625.10 Td (these ) Tj ET Q q 0 0 0 rg BT 287.42 625.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.30 625.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 370.47 625.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.91 625.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 442.35 625.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 465.79 625.10 Td (char) Tj ET Q q 0 0 0 rg BT 482.81 625.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 495.15 625.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 534.13 625.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 555.34 625.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.66 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.78 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.56 613.10 Td (no ) Tj ET Q q 0 0 0 rg BT 119.90 613.10 Td (less ) Tj ET Q q 0 0 0 rg BT 137.24 613.10 Td (than ) Tj ET Q q 0 0 0 rg BT 156.80 613.10 Td (1.50 ) Tj ET Q q 0 0 0 rg BT 176.64 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.76 613.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 194.10 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.88 613.10 Td (was ) Tj ET Q q 0 0 0 rg BT 228.77 613.10 Td (2.53 ) Tj ET Q q 0 0 0 rg BT 248.61 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.73 613.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 266.07 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.75 613.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.90 613.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 333.13 613.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.13 613.10 Td (. ) Tj ET Q q 0 0 0 rg BT 357.81 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.69 613.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 428.58 613.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 464.78 613.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 485.45 613.10 Td (is ) Tj ET Q q 0 0 0 rg BT 494.46 613.10 Td (required ) Tj ET Q q 0 0 0 rg BT 530.11 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.23 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 552.01 613.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (more ) Tj ET Q q 0 0 0 rg BT 72.58 601.10 Td (than ) Tj ET Q q 0 0 0 rg BT 91.83 601.10 Td (0.55 ) Tj ET Q q 0 0 0 rg BT 111.37 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.18 601.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 128.22 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.69 601.10 Td (was ) Tj ET Q q 0 0 0 rg BT 162.28 601.10 Td (0.30 ) Tj ET Q q 0 0 0 rg BT 181.81 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.63 601.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 198.66 601.10 Td (as ) Tj ET Q q 0 0 0 rg BT 209.03 601.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.94 601.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 264.87 601.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.87 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.26 601.10 Td (While ) Tj ET Q q 0 0 0 rg BT 315.73 601.10 Td (we ) Tj ET Q q 0 0 0 rg BT 329.42 601.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 357.55 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.36 601.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 397.16 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.98 601.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 455.10 601.10 Td (with ) Tj ET Q q 0 0 0 rg BT 474.91 601.10 Td (these ) Tj ET Q q 0 0 0 rg BT 497.50 601.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 542.02 601.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.05 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.66 589.10 Td (no ) Tj ET Q q 0 0 0 rg BT 89.84 589.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 134.77 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 151.94 589.10 Td (we ) Tj ET Q q 0 0 0 rg BT 165.78 589.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.51 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.12 589.10 Td (able ) Tj ET Q q 0 0 0 rg BT 213.95 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.90 589.10 Td (do ) Tj ET Q q 0 0 0 rg BT 236.08 589.10 Td (so ) Tj ET Q q 0 0 0 rg BT 247.14 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.09 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.49 589.10 Td (event ) Tj ET Q q 0 0 0 rg BT 295.31 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.82 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.43 589.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 351.82 589.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 405.09 589.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.70 589.10 Td (current ) Tj ET Q q 0 0 0 rg BT 457.19 589.10 Td (market ) Tj ET Q q 0 0 0 rg BT 487.13 589.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 530.97 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 589.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 86.63 577.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 116.60 577.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.80 577.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 184.87 577.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 214.85 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 230.94 577.10 Td (results ) Tj ET Q q 0 0 0 rg BT 259.81 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.90 577.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 315.31 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.51 577.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 370.25 577.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 407.74 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.94 577.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 444.35 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.89 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.09 577.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 485.40 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.49 577.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 549.79 577.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 78.62 565.10 Td (If ) Tj ET Q q 0 0 0 rg BT 87.52 565.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.41 565.10 Td (do ) Tj ET Q q 0 0 0 rg BT 113.64 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.65 565.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 165.88 565.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 214.20 565.10 Td (with ) Tj ET Q q 0 0 0 rg BT 234.21 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.77 565.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 286.99 565.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 329.21 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.88 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 360.32 565.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 389.21 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.22 565.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 426.44 565.10 Td (an ) Tj ET Q q 0 0 0 rg BT 438.12 565.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 487.00 565.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.56 565.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 527.00 565.10 Td (from ) Tj ET Q q 0 0 0 rg BT 548.67 565.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 84.47 553.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.01 553.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 121.75 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.18 553.10 Td (either ) Tj ET Q q 0 0 0 rg BT 159.04 553.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 198.23 553.10 Td (would ) Tj ET Q q 0 0 0 rg BT 226.33 553.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 268.31 553.10 Td (an ) Tj ET Q q 0 0 0 rg BT 280.84 553.10 Td (event ) Tj ET Q q 0 0 0 rg BT 305.60 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.02 553.10 Td (default ) Tj ET Q q 0 0 0 rg BT 347.88 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.42 553.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 390.73 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.05 553.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 438.02 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.90 553.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 484.75 553.10 Td (remedies ) Tj ET Q q 0 0 0 rg BT 523.94 553.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.80 553.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 101.20 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.59 541.10 Td (most ) Tj ET Q q 0 0 0 rg BT 139.21 541.10 Td (severe ) Tj ET Q q 0 0 0 rg BT 167.92 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.42 541.10 Td (which ) Tj ET Q q 0 0 0 rg BT 207.03 541.10 Td (is ) Tj ET Q q 0 0 0 rg BT 216.87 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.25 541.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 281.52 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.02 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.41 541.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 334.34 541.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 365.83 541.10 Td (under ) Tj ET Q q 0 0 0 rg BT 391.77 541.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.27 541.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 454.21 541.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 476.82 541.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 502.76 541.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 547.57 541.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 101.07 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.18 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.17 529.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 163.84 529.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 188.28 529.10 Td (under ) Tj ET Q q 0 0 0 rg BT 213.82 529.10 Td (both ) Tj ET Q q 0 0 0 rg BT 234.38 529.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 285.19 529.10 Td (In ) Tj ET Q q 0 0 0 rg BT 296.29 529.10 Td (such ) Tj ET Q q 0 0 0 rg BT 317.40 529.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 339.89 529.10 Td (we ) Tj ET Q q 0 0 0 rg BT 354.32 529.10 Td (would ) Tj ET Q q 0 0 0 rg BT 382.10 529.10 Td (be ) Tj ET Q q 0 0 0 rg BT 394.32 529.10 Td (required ) Tj ET Q q 0 0 0 rg BT 430.41 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.97 529.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 477.05 529.10 Td (available ) Tj ET Q q 0 0 0 rg BT 515.92 529.10 Td (alternatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.85 517.10 Td (take ) Tj ET Q q 0 0 0 rg BT 85.91 517.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 133.85 517.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 156.26 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.45 517.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 193.86 517.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 238.46 517.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 265.42 517.10 Td (There ) Tj ET Q q 0 0 0 rg BT 291.15 517.10 Td (can ) Tj ET Q q 0 0 0 rg BT 307.43 517.10 Td (be ) Tj ET Q q 0 0 0 rg BT 319.28 517.10 Td (no ) Tj ET Q q 0 0 0 rg BT 331.69 517.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 372.97 517.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.37 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 407.22 517.10 Td (such ) Tj ET Q q 0 0 0 rg BT 427.96 517.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 472.57 517.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 499.70 517.10 Td (if ) Tj ET Q q 0 0 0 rg BT 508.22 517.10 Td (sought, ) Tj ET Q q 0 0 0 rg BT 539.80 517.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 505.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 98.87 505.10 Td (or) Tj ET Q q 0 0 0 rg BT 106.80 505.10 Td (, ) Tj ET Q q 0 0 0 rg BT 111.80 505.10 Td (if ) Tj ET Q q 0 0 0 rg BT 120.41 505.10 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 159.84 505.10 Td (would ) Tj ET Q q 0 0 0 rg BT 187.34 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 199.28 505.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 237.31 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.14 505.10 Td (on ) Tj ET Q q 0 0 0 rg BT 260.64 505.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 305.33 505.10 Td (terms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.40 484.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 97.75 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 108.15 484.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.09 484.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 164.06 484.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.06 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.13 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.64 484.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.64 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.21 484.10 Td (we ) Tj ET Q q 0 0 0 rg BT 240.94 484.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.45 484.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 269.52 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.42 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.49 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.89 484.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 352.40 484.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 399.45 484.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 425.41 484.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 474.15 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 491.21 484.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 521.05 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.90 484.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (2021.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 82.50 451.10 Td (Expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 81.72 430.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 135.65 430.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.70 430.10 Td ($39 ) Tj ET Q q 0 0 0 rg BT 183.54 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.43 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.77 430.10 Td ($90 ) Tj ET Q q 0 0 0 rg BT 235.61 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.50 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.34 430.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.62 430.10 Td ($79 ) Tj ET Q q 0 0 0 rg BT 302.45 430.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.35 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.18 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.68 430.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.18 430.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 398.52 430.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 421.35 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.63 430.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.63 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.97 430.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 511.63 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 516.97 430.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 535.36 430.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 103.62 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.92 418.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.10 418.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.10 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.63 418.10 Td (included ) Tj ET Q q 0 0 0 rg BT 197.59 418.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 245.11 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.96 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.82 418.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 318.23 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.53 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.27 418.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 395.23 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.09 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.05 418.10 Td (new ) Tj ET Q q 0 0 0 rg BT 432.24 418.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 478.08 418.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 523.38 418.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 554.23 418.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 79.59 406.10 Td (Rico, ) Tj ET Q q 0 0 0 rg BT 104.46 406.10 Td (which ) Tj ET Q q 0 0 0 rg BT 132.39 406.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 184.18 406.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.32 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.58 406.10 Td (September ) Tj ET Q q 0 0 0 rg BT 286.83 406.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 312.81 406.10 Td (In ) Tj ET Q q 0 0 0 rg BT 324.63 406.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 363.38 406.10 Td (we ) Tj ET Q q 0 0 0 rg BT 378.53 406.10 Td (made ) Tj ET Q q 0 0 0 rg BT 403.67 406.10 Td (further ) Tj ET Q q 0 0 0 rg BT 434.36 406.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 485.62 406.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 496.88 413.03 67.62 -9.09 re f /GS0 gs q 0 0 0 rg BT 496.88 406.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 554.22 406.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 50.00 401.03 466.14 -9.09 re f /GS0 gs q 0 0 0 rg BT 50.00 394.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 85.30 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 92.89 394.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 124.44 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.92 394.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 163.65 394.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 196.31 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.79 394.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 236.09 394.10 Td (worker ) Tj ET Q q 0 0 0 rg BT 266.39 394.10 Td (safety) Tj ET Q q 0 0 0 rg BT 289.61 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 294.09 394.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 328.82 394.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 388.56 394.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 422.20 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.62 394.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 469.46 394.10 Td (equipment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.14 394.10 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 542.01 394.10 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 80.14 382.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 134.72 382.10 Td (included ) Tj ET Q q 0 0 0 rg BT 172.64 382.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 223.90 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.16 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.86 382.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 303.78 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.60 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.53 382.10 Td (new ) Tj ET Q q 0 0 0 rg BT 343.67 382.10 Td (shredder) Tj ET Q q 0 0 0 rg BT 377.70 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.69 382.10 Td (advanced ) Tj ET Q q 0 0 0 rg BT 424.93 382.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 471.18 382.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 516.88 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.80 382.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 107.18 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 122.16 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.81 370.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 170.45 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.55 370.10 Td (Surrey) Tj ET Q q 0 0 0 rg BT 207.56 370.10 Td (, ) Tj ET Q q 0 0 0 rg BT 213.38 370.10 Td (British ) Tj ET Q q 0 0 0 rg BT 243.92 370.10 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 289.19 370.10 Td (which ) Tj ET Q q 0 0 0 rg BT 316.94 370.10 Td (began ) Tj ET Q q 0 0 0 rg BT 344.14 370.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 389.12 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.21 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.75 370.10 Td (third ) Tj ET Q q 0 0 0 rg BT 437.96 370.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 469.59 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.24 370.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 506.21 370.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 532.03 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 370.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 95.27 358.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 126.66 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.49 358.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 189.42 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.25 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.97 358.10 Td (new ) Tj ET Q q 0 0 0 rg BT 234.13 358.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 279.95 358.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 325.22 358.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 356.04 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.32 358.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 394.93 358.10 Td (Rico. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 337.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.93 337.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 102.88 337.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 121.95 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.59 337.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 157.33 337.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 216.94 337.10 Td ($40 ) Tj ET Q q 0 0 0 rg BT 233.80 337.10 Td (million ) Tj ET Q q 0 0 0 rg BT 264.55 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.18 337.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 302.69 337.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 355.63 337.10 Td (on ) Tj ET Q q 0 0 0 rg BT 367.49 337.10 Td (upgrades ) Tj ET Q q 0 0 0 rg BT 405.44 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.08 337.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.59 337.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.59 337.10 Td (, ) Tj ET Q q 0 0 0 rg BT 462.94 337.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 492.57 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.21 337.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.84 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.91 337.10 Td (upgrades ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.94 325.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 83.75 325.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 108.41 325.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 148.33 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.82 325.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.42 325.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 204.22 325.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 257.48 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 271.29 325.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 301.78 325.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 338.10 325.10 Td (using ) Tj ET Q q 0 0 0 rg BT 361.92 325.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 381.85 325.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 422.87 325.10 Td (from ) Tj ET Q q 0 0 0 rg BT 444.47 325.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.28 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.88 325.10 Td (available ) Tj ET Q q 0 0 0 rg BT 543.13 325.10 Td (lines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 313.10 Td (credit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (Environmental Compliance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.67 271.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 122.34 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.23 271.10 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 180.79 271.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 221.11 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.67 271.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.55 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.00 271.10 Td (business ) Tj ET Q q 0 0 0 rg BT 333.01 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.91 271.10 Td (an ) Tj ET Q q 0 0 0 rg BT 356.46 271.10 Td (environmentally ) Tj ET Q q 0 0 0 rg BT 425.12 271.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 473.79 271.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 506.89 271.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 542.22 271.10 Td (us ) Tj ET Q q 0 0 0 rg BT 554.23 271.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 87.14 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.63 259.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 124.22 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.70 259.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 171.84 259.10 Td (that ) Tj ET Q q 0 0 0 rg BT 189.54 259.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 225.57 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 241.61 259.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 302.07 259.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 339.76 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.24 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.16 259.10 Td (communities ) Tj ET Q q 0 0 0 rg BT 419.53 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.02 259.10 Td (which ) Tj ET Q q 0 0 0 rg BT 457.16 259.10 Td (we ) Tj ET Q q 0 0 0 rg BT 471.53 259.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 505.56 259.10 Td (As ) Tj ET Q q 0 0 0 rg BT 519.38 259.10 Td (part ) Tj ET Q q 0 0 0 rg BT 537.63 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 259.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.66 247.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 134.27 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.94 247.10 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.28 247.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 195.29 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.18 247.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.69 247.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 240.70 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.59 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.61 247.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.06 247.10 Td ($13 ) Tj ET Q q 0 0 0 rg BT 305.07 247.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.96 247.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.97 247.10 Td (for ) Tj ET Q q 0 0 0 rg BT 349.64 247.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 409.41 247.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 443.08 247.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.87 247.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.54 247.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 501.05 247.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 523.06 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 247.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 247.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 235.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.33 235.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.97 235.10 Td (e ) Tj ET Q q 0 0 0 rg BT 117.75 235.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 137.31 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.43 235.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 173.66 235.10 Td (up ) Tj ET Q q 0 0 0 rg BT 186.00 235.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.12 235.10 Td ($12 ) Tj ET Q q 0 0 0 rg BT 213.46 235.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.35 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.69 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.81 235.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 283.80 235.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 337.24 235.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.24 235.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 411.34 235.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 445.34 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.46 235.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.45 235.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.45 235.10 Td (. ) Tj ET Q q 0 0 0 rg BT 504.12 235.10 Td (These ) Tj ET Q q 0 0 0 rg BT 530.34 235.10 Td (projects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (include ) Tj ET Q q 0 0 0 rg BT 81.32 223.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 130.99 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.65 223.10 Td (storm ) Tj ET Q q 0 0 0 rg BT 165.32 223.10 Td (water ) Tj ET Q q 0 0 0 rg BT 189.42 223.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 222.98 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.31 223.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 283.41 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.08 223.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 321.06 223.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 355.73 223.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 403.71 223.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.38 223.10 Td (air ) Tj ET Q q 0 0 0 rg BT 435.82 223.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 465.48 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.81 223.10 Td (other ) Tj ET Q q 0 0 0 rg BT 504.24 223.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 190.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.22 190.10 Td (have ) Tj ET Q q 0 0 0 rg BT 88.24 190.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.26 190.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 151.73 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.87 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.23 190.10 Td (United ) Tj ET Q q 0 0 0 rg BT 210.60 190.10 Td (States ) Tj ET Q q 0 0 0 rg BT 237.63 190.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 300.20 190.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 343.75 190.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 378.00 190.10 Td (\(EP) Tj ET Q q 0 0 0 rg BT 396.52 190.10 Td (A\) ) Tj ET Q q 0 0 0 rg BT 414.65 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.13 190.10 Td (one ) Tj ET Q q 0 0 0 rg BT 443.71 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.19 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.55 190.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.46 190.10 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.67 178.10 Td (\(PRPs\) ) Tj ET Q q 0 0 0 rg BT 119.91 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 137.91 178.10 Td (own ) Tj ET Q q 0 0 0 rg BT 158.15 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.49 178.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 201.93 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.28 178.10 Td (formerly ) Tj ET Q q 0 0 0 rg BT 251.28 178.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 280.95 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.29 178.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 329.73 178.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 350.53 178.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.98 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 393.20 178.10 Td (part ) Tj ET Q q 0 0 0 rg BT 411.76 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.10 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 434.45 178.10 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 470.77 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.57 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.80 178.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 533.70 178.10 Td (Harbor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 93.33 166.10 Td (site ) Tj ET Q q 0 0 0 rg BT 108.88 166.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 130.53 166.10 Td (Site\). ) Tj ET Q q 0 0 0 rg BT 157.66 166.10 Td (A) Tj ET Q q 0 0 0 rg BT 164.33 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.99 166.10 Td (group ) Tj ET Q q 0 0 0 rg BT 190.99 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.98 166.10 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 224.34 166.10 Td (is ) Tj ET Q q 0 0 0 rg BT 232.67 166.10 Td (conducting ) Tj ET Q q 0 0 0 rg BT 278.77 166.10 Td (an ) Tj ET Q q 0 0 0 rg BT 289.88 166.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 343.20 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.31 166.10 Td (study ) Tj ET Q q 0 0 0 rg BT 382.65 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.09 166.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 424.86 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.97 166.10 Td (characterize ) Tj ET Q q 0 0 0 rg BT 490.92 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.80 166.10 Td (contamination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.08 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.16 154.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 93.57 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.87 154.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 145.39 154.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 190.45 154.10 Td (approaches ) Tj ET Q q 0 0 0 rg BT 238.29 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.93 154.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 299.55 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.74 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.82 154.10 Td (contamination. ) Tj ET Q q 0 0 0 rg BT 388.38 154.10 Td (On ) Tj ET Q q 0 0 0 rg BT 403.47 154.10 Td (March ) Tj ET Q q 0 0 0 rg BT 432.43 154.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 447.79 154.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 470.65 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.73 154.10 Td (group ) Tj ET Q q 0 0 0 rg BT 511.92 154.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 554.22 154.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.17 142.10 Td (EP) Tj ET Q q 0 0 0 rg BT 75.92 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 82.59 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.54 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.92 142.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 114.75 142.10 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 157.69 142.10 Td (study ) Tj ET Q q 0 0 0 rg BT 182.31 142.10 Td (\(draft ) Tj ET Q q 0 0 0 rg BT 211.90 142.10 Td (FS\) ) Tj ET Q q 0 0 0 rg BT 233.75 142.10 Td (based ) Tj ET Q q 0 0 0 rg BT 259.46 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 272.41 142.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.12 142.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.34 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.29 142.10 Td (years ) Tj ET Q q 0 0 0 rg BT 372.33 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 142.10 Td (work ) Tj ET Q q 0 0 0 rg BT 407.11 142.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.50 142.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 447.45 142.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.34 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.29 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.02 142.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 512.97 142.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 553.68 142.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (investigation-related. ) Tj ET Q q 0 0 0 rg BT 136.71 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 154.43 130.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 175.48 130.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 188.77 130.10 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.16 130.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.38 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.55 130.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 277.50 130.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 314.65 130.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 362.91 130.10 Td (which ) Tj ET Q q 0 0 0 rg BT 389.53 130.10 Td (range ) Tj ET Q q 0 0 0 rg BT 413.91 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.86 130.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 464.35 130.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 482.63 130.10 Td (from ) Tj ET Q q 0 0 0 rg BT 504.24 130.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td ($170 ) Tj ET Q q 0 0 0 rg BT 72.13 118.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.02 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.16 118.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.07 118.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 135.20 118.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.09 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.23 118.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 183.91 118.10 Td (present ) Tj ET Q q 0 0 0 rg BT 214.92 118.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 242.03 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.83 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.18 118.10 Td (least ) Tj ET Q q 0 0 0 rg BT 290.63 118.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 316.65 118.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 360.98 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.89 118.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.79 118.10 Td ($1.08 ) Tj ET Q q 0 0 0 rg BT 455.42 118.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.53 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.67 118.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.58 118.10 Td ($1.76 ) Tj ET Q q 0 0 0 rg BT 518.21 118.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.32 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 118.10 Td (\(net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (present ) Tj ET Q q 0 0 0 rg BT 81.87 106.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 109.84 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.49 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.70 106.10 Td (most ) Tj ET Q q 0 0 0 rg BT 162.14 106.10 Td (costly ) Tj ET Q q 0 0 0 rg BT 189.01 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.44 106.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 246.64 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.07 106.10 Td (range ) Tj ET Q q 0 0 0 rg BT 279.27 106.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.59 106.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.59 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.58 106.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.35 106.10 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.35 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.33 106.10 Td (years ) Tj ET Q q 0 0 0 rg BT 356.42 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.19 106.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 412.95 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.16 106.10 Td (remedial ) Tj ET Q q 0 0 0 rg BT 466.13 106.10 Td (work, ) Tj ET Q q 0 0 0 rg BT 492.17 106.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 536.81 106.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 106.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 83.69 94.10 Td (alternative. ) Tj ET Q q 0 0 0 rg BT 129.76 94.10 Td (The ) Tj ET Q q 0 0 0 rg BT 146.80 94.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 167.16 94.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 179.77 94.10 Td (does ) Tj ET Q q 0 0 0 rg BT 199.58 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 213.85 94.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 255.31 94.10 Td (who ) Tj ET Q q 0 0 0 rg BT 274.02 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 282.18 94.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 329.21 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.36 94.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 391.60 94.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 415.59 94.10 Td (define ) Tj ET Q q 0 0 0 rg BT 442.06 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.76 94.10 Td (precise ) Tj ET Q q 0 0 0 rg BT 485.56 94.10 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 518.14 94.10 Td (boundaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.66 82.10 Td (select ) Tj ET Q q 0 0 0 rg BT 85.76 82.10 Td (remedies. ) Tj ET Q q 0 0 0 rg BT 126.51 82.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.39 82.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 165.60 82.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 179.06 82.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.06 82.10 Td (being ) Tj ET Q q 0 0 0 rg BT 212.60 82.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 243.81 82.10 Td (by ) Tj ET Q q 0 0 0 rg BT 256.15 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.69 82.10 Td (EP) Tj ET Q q 0 0 0 rg BT 281.45 82.10 Td (A) Tj ET Q q 0 0 0 rg BT 288.12 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.45 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.22 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.77 82.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 360.21 82.10 Td (may ) Tj ET Q q 0 0 0 rg BT 379.75 82.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.52 82.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 436.07 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.84 82.10 Td (could ) Tj ET Q q 0 0 0 rg BT 477.39 82.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 520.25 82.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 549.80 82.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 75.15 70.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.86 70.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 104.35 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.06 70.10 Td (remediation. ) Tj ET Q q 0 0 0 rg BT 167.53 70.10 Td (While ) Tj ET Q q 0 0 0 rg BT 194.34 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.94 70.10 Td (draft ) Tj ET Q q 0 0 0 rg BT 230.19 70.10 Td (FS ) Tj ET Q q 0 0 0 rg BT 243.70 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.75 70.10 Td (an ) Tj ET Q q 0 0 0 rg BT 264.57 70.10 Td (important ) Tj ET Q q 0 0 0 rg BT 305.83 70.10 Td (step ) Tj ET Q q 0 0 0 rg BT 324.32 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.48 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.07 70.10 Td (EP) Tj ET Q q 0 0 0 rg BT 359.83 70.10 Td (A) Tj ET Q q 0 0 0 rg BT 365.94 70.10 Td () Tj ET Q q 0 0 0 rg BT 368.72 70.10 Td (s ) Tj ET Q q 0 0 0 rg BT 374.99 70.10 Td (development ) Tj ET Q q 0 0 0 rg BT 429.02 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.73 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.55 70.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 485.59 70.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 505.19 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 519.23 70.10 Td (addressing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.18 58.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 84.19 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.59 58.10 Td (final ) Tj ET Q q 0 0 0 rg BT 110.88 58.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 146.16 58.10 Td (on ) Tj ET Q q 0 0 0 rg BT 158.12 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.30 58.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 199.24 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.64 58.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 242.03 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.32 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.50 58.10 Td (required ) Tj ET Q q 0 0 0 rg BT 301.77 58.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 351.49 58.10 Td (will ) Tj ET Q q 0 0 0 rg BT 369.01 58.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 393.17 58.10 Td (only ) Tj ET Q q 0 0 0 rg BT 412.91 58.10 Td (after ) Tj ET Q q 0 0 0 rg BT 433.19 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.36 58.10 Td (EP) Tj ET Q q 0 0 0 rg BT 458.11 58.10 Td (A) Tj ET Q q 0 0 0 rg BT 464.78 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.74 58.10 Td (has ) Tj ET Q q 0 0 0 rg BT 482.03 58.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 518.97 58.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.37 58.10 Td (proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 69.73 46.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.91 46.10 Td (public ) Tj ET Q q 0 0 0 rg BT 111.42 46.10 Td (review ) Tj ET Q q 0 0 0 rg BT 141.14 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.10 46.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 185.61 46.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.57 46.10 Td (record ) Tj ET Q q 0 0 0 rg BT 220.62 46.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.47 46.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 267.31 46.10 Td (\(ROD\). ) Tj ET Q q 0 0 0 rg BT 308.98 46.10 Td (Currently ) Tj ET Q q 0 0 0 rg BT 349.82 46.10 Td (available ) Tj ET Q q 0 0 0 rg BT 388.42 46.10 Td (information ) Tj ET Q q 0 0 0 rg BT 438.15 46.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 476.21 46.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.72 46.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.45 46.10 Td (EP) Tj ET Q q 0 0 0 rg BT 519.20 46.10 Td (A) Tj ET Q q 0 0 0 rg BT 525.87 46.10 Td ( ) Tj ET Q q 0 0 0 rg BT 528.39 46.10 Td (does ) Tj ET Q q 0 0 0 rg BT 549.24 46.10 Td (not ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (38) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.93 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.55 742.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 112.39 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 124.68 742.10 Td (final ) Tj ET Q q 0 0 0 rg BT 145.84 742.10 Td (ROD ) Tj ET Q q 0 0 0 rg BT 169.79 742.10 Td (selecting ) Tj ET Q q 0 0 0 rg BT 208.18 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.45 742.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 248.28 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.78 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.83 742.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 296.23 742.10 Td (until ) Tj ET Q q 0 0 0 rg BT 317.40 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 327.46 742.10 Td (least ) Tj ET Q q 0 0 0 rg BT 348.63 742.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 371.46 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 382.63 742.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 428.78 742.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 479.38 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 518.32 742.10 Td (until ) Tj ET Q q 0 0 0 rg BT 539.49 742.10 Td (2024. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Responsibility ) Tj ET Q q 0 0 0 rg BT 109.68 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.24 730.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 180.68 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.01 730.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 230.02 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.13 730.10 Td (EP) Tj ET Q q 0 0 0 rg BT 254.88 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 261.00 730.10 Td () Tj ET Q q 0 0 0 rg BT 263.77 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 269.56 730.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 303.66 730.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 335.54 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.99 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 364.33 730.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 411.20 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.88 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.21 730.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 461.86 730.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 503.19 730.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 537.57 730.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.98 718.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 97.38 718.10 Td (underway) Tj ET Q q 0 0 0 rg BT 136.16 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 140.96 718.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 176.59 718.10 Td (there ) Tj ET Q q 0 0 0 rg BT 198.88 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 214.52 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 229.60 718.10 Td (been ) Tj ET Q q 0 0 0 rg BT 250.79 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.53 718.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 315.38 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.01 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.54 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 360.62 718.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 379.03 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.67 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.19 718.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 464.55 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.08 718.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 529.14 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 546.45 718.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.03 706.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 100.44 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.25 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 147.84 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.77 706.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 189.13 706.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 225.59 706.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 263.17 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.09 706.10 Td (how ) Tj ET Q q 0 0 0 rg BT 293.91 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.72 706.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 331.31 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.24 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.05 706.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 392.42 706.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 450.57 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.60 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 484.63 706.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 517.21 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.24 706.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 86.47 694.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 124.06 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 142.22 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 154.26 694.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 192.95 694.10 Td (among ) Tj ET Q q 0 0 0 rg BT 222.77 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.59 694.10 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 264.38 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 278.64 694.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 310.11 694.10 Td (it ) Tj ET Q q 0 0 0 rg BT 318.27 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.54 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 342.92 694.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 388.84 694.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 424.22 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.60 694.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 470.53 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.35 694.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 517.94 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.88 694.10 Td (range ) Tj ET Q q 0 0 0 rg BT 553.69 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 73.18 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 100.81 682.10 Td (we ) Tj ET Q q 0 0 0 rg BT 115.65 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.04 682.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 157.00 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.51 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 196.13 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.52 682.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 258.02 682.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 293.98 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.95 682.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 328.68 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.64 682.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 386.69 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.66 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.06 682.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 444.30 682.10 Td (although ) Tj ET Q q 0 0 0 rg BT 482.48 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 503.99 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 527.17 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 552.57 682.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (material ) Tj ET Q q 0 0 0 rg BT 85.78 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.57 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.92 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.91 670.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 188.66 670.10 Td (results ) Tj ET Q q 0 0 0 rg BT 217.78 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.13 670.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 276.30 670.10 Td (future ) Tj ET Q q 0 0 0 rg BT 303.19 670.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 323.98 670.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 349.22 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.67 670.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 399.92 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.77 670.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 425.00 670.10 Td (material ) Tj ET Q q 0 0 0 rg BT 460.78 670.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 501.01 670.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 539.00 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 670.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.36 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 104.05 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.31 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.01 658.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 144.05 658.10 Td (could ) Tj ET Q q 0 0 0 rg BT 167.75 658.10 Td (result ) Tj ET Q q 0 0 0 rg BT 191.46 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.72 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.53 658.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 243.11 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.37 658.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 288.85 658.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 336.42 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 355.68 658.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 384.37 658.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 425.84 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.10 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.92 658.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 468.62 658.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 518.13 658.10 Td (Significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.28 646.10 Td (outflows ) Tj ET Q q 0 0 0 rg BT 107.79 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.08 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.81 646.10 Td (future ) Tj ET Q q 0 0 0 rg BT 159.20 646.10 Td (related ) Tj ET Q q 0 0 0 rg BT 188.91 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.20 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.93 646.10 Td (Site ) Tj ET Q q 0 0 0 rg BT 232.00 646.10 Td (could ) Tj ET Q q 0 0 0 rg BT 256.72 646.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 285.88 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.61 646.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 337.01 646.10 Td (available ) Tj ET Q q 0 0 0 rg BT 375.61 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 389.78 646.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 433.95 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 451.46 646.10 Td (could ) Tj ET Q q 0 0 0 rg BT 476.18 646.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 517.57 646.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.52 646.10 Td (used ) Tj ET Q q 0 0 0 rg BT 550.36 646.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.07 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.03 634.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.87 634.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 190.64 634.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 243.10 634.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 284.17 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.80 634.10 Td (share ) Tj ET Q q 0 0 0 rg BT 324.08 634.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 375.96 634.10 Td (See ) Tj ET Q q 0 0 0 rg BT 392.59 634.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 451.98 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.17 634.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 520.78 634.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.75 634.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 552.37 634.10 Td (1) Tj ET Q q 0 0 0 rg BT 557.00 634.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 622.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 116.67 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.61 622.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 193.32 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 203.60 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.32 622.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 244.15 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.42 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.14 622.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 324.41 622.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 364.13 622.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 410.51 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.79 622.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 439.39 622.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 451.05 622.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 479.38 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.21 622.10 Td (this ) Tj ET Q q 0 0 0 rg BT 507.16 622.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (Share Repurchase Program) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.48 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.74 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.55 580.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 152.13 580.10 Td (share ) Tj ET Q q 0 0 0 rg BT 175.71 580.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 221.50 580.10 Td (program, ) Tj ET Q q 0 0 0 rg BT 260.36 580.10 Td (we ) Tj ET Q q 0 0 0 rg BT 274.50 580.10 Td (have ) Tj ET Q q 0 0 0 rg BT 295.86 580.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 330.00 580.10 Td (authorization ) Tj ET Q q 0 0 0 rg BT 385.25 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.51 580.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 441.29 580.10 Td (up ) Tj ET Q q 0 0 0 rg BT 453.78 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.04 580.10 Td (2.1 ) Tj ET Q q 0 0 0 rg BT 479.02 580.10 Td (million ) Tj ET Q q 0 0 0 rg BT 510.39 580.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 537.86 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 580.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (Class) Tj ET Q q 0 0 0 rg BT 73.62 568.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.29 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.56 568.10 Td (common ) Tj ET Q q 0 0 0 rg BT 119.82 568.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 143.20 568.10 Td (when ) Tj ET Q q 0 0 0 rg BT 167.13 568.10 Td (we ) Tj ET Q q 0 0 0 rg BT 181.06 568.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 204.99 568.10 Td (such ) Tj ET Q q 0 0 0 rg BT 225.59 568.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 275.06 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.11 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 296.82 568.10 Td (appropriate. ) Tj ET Q q 0 0 0 rg BT 346.96 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 355.59 568.10 Td (e ) Tj ET Q q 0 0 0 rg BT 362.30 568.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 397.88 568.10 Td (long- ) Tj ET Q q 0 0 0 rg BT 421.26 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.97 568.10 Td (short-range ) Tj ET Q q 0 0 0 rg BT 485.78 568.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 523.59 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.19 568.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.67 568.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.95 556.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 128.02 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.54 556.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 163.84 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.26 556.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.11 556.10 Td (before ) Tj ET Q q 0 0 0 rg BT 221.72 556.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 272.13 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.42 556.10 Td (course ) Tj ET Q q 0 0 0 rg BT 314.60 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.02 556.10 Td (action ) Tj ET Q q 0 0 0 rg BT 351.53 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.39 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.80 556.10 Td (share ) Tj ET Q q 0 0 0 rg BT 399.98 556.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 445.37 556.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 483.83 556.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 505.91 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.77 556.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.51 556.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 556.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.75 544.10 Td (had ) Tj ET Q q 0 0 0 rg BT 80.29 544.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 130.69 544.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.54 544.10 Td (6.9 ) Tj ET Q q 0 0 0 rg BT 205.14 544.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.03 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.12 544.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 263.21 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.63 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.94 544.10 Td (9 ) Tj ET Q q 0 0 0 rg BT 295.04 544.10 Td (million ) Tj ET Q q 0 0 0 rg BT 326.03 544.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.11 544.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 397.41 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 411.16 544.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 456.56 544.10 Td (under ) Tj ET Q q 0 0 0 rg BT 481.43 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.74 544.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 534.06 544.10 Td (W) Tj ET Q q 0 0 0 rg BT 542.70 544.10 Td (e ) Tj ET Q q 0 0 0 rg BT 549.23 544.10 Td (did ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 532.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 111.08 532.10 Td (any ) Tj ET Q q 0 0 0 rg BT 128.02 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.85 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 154.68 532.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 178.30 532.10 Td (A) Tj ET Q q 0 0 0 rg BT 184.97 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.47 532.10 Td (common ) Tj ET Q q 0 0 0 rg BT 224.97 532.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 248.57 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.85 532.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.01 532.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.01 532.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (Assessment of Liquidity and Capital Resources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.69 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.65 490.10 Td (available ) Tj ET Q q 0 0 0 rg BT 159.37 490.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 180.76 490.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 224.65 490.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 266.60 490.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 309.09 490.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 337.44 490.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 363.83 490.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 401.88 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.95 490.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 448.57 490.10 Td (of) Tj ET Q q 0 0 0 rg BT 456.72 490.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 488.12 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 510.63 490.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 548.68 490.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 102.77 478.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.92 478.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 188.02 478.10 Td (working ) Tj ET Q q 0 0 0 rg BT 223.85 478.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 253.00 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.94 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 292.98 478.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 333.25 478.10 Td (needs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 457.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.36 457.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 106.84 457.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 139.00 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.61 457.10 Td (current ) Tj ET Q q 0 0 0 rg BT 187.21 457.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 208.26 457.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 251.80 457.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 293.41 457.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 335.55 457.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 363.55 457.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 398.50 457.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 424.55 457.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 462.26 457.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.98 457.10 Td (access ) Tj ET Q q 0 0 0 rg BT 508.80 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.86 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.36 457.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 84.65 445.10 Td (will ) Tj ET Q q 0 0 0 rg BT 103.19 445.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 136.73 445.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 175.25 445.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 219.90 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.33 445.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 279.75 445.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 316.64 445.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 342.40 445.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.05 445.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 410.31 445.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 439.95 445.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 496.54 445.10 Td (working ) Tj ET Q q 0 0 0 rg BT 532.86 445.10 Td (capital, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (share ) Tj ET Q q 0 0 0 rg BT 73.73 433.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 126.06 433.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 170.08 433.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 191.05 433.10 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 230.06 433.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 249.91 433.10 Td (service ) Tj ET Q q 0 0 0 rg BT 280.86 433.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 335.70 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.77 433.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 413.16 433.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 462.74 433.10 Td (However) Tj ET Q q 0 0 0 rg BT 498.99 433.10 Td (, ) Tj ET Q q 0 0 0 rg BT 504.12 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.53 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.38 433.10 Td (event ) Tj ET Q q 0 0 0 rg BT 553.67 433.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.86 421.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 96.50 421.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.68 421.10 Td (deterioration, ) Tj ET Q q 0 0 0 rg BT 182.69 421.10 Td (we ) Tj ET Q q 0 0 0 rg BT 196.77 421.10 Td (may ) Tj ET Q q 0 0 0 rg BT 216.41 421.10 Td (need ) Tj ET Q q 0 0 0 rg BT 237.71 421.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 280.12 421.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 313.36 421.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.28 421.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.14 421.10 Td (would ) Tj ET Q q 0 0 0 rg BT 372.56 421.10 Td (require ) Tj ET Q q 0 0 0 rg BT 403.30 421.10 Td (us ) Tj ET Q q 0 0 0 rg BT 414.61 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.81 421.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 460.54 421.10 Td (available ) Tj ET Q q 0 0 0 rg BT 499.05 421.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 547.56 421.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (take ) Tj ET Q q 0 0 0 rg BT 69.92 409.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 118.71 409.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 141.97 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.01 409.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 181.26 409.10 Td (suf) Tj ET Q q 0 0 0 rg BT 193.31 409.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 222.11 409.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 265.36 409.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 293.11 409.10 Td (There ) Tj ET Q q 0 0 0 rg BT 319.68 409.10 Td (can ) Tj ET Q q 0 0 0 rg BT 336.82 409.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.52 409.10 Td (no ) Tj ET Q q 0 0 0 rg BT 362.78 409.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 404.91 409.10 Td (that ) Tj ET Q q 0 0 0 rg BT 423.16 409.10 Td (any ) Tj ET Q q 0 0 0 rg BT 440.86 409.10 Td (such ) Tj ET Q q 0 0 0 rg BT 462.45 409.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 519.03 409.10 Td (funding, ) Tj ET Q q 0 0 0 rg BT 555.90 409.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (sought, ) Tj ET Q q 0 0 0 rg BT 81.67 397.10 Td (could ) Tj ET Q q 0 0 0 rg BT 106.39 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.33 397.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 155.26 397.10 Td (or) Tj ET Q q 0 0 0 rg BT 163.19 397.10 Td (, ) Tj ET Q q 0 0 0 rg BT 168.19 397.10 Td (if ) Tj ET Q q 0 0 0 rg BT 176.80 397.10 Td (obtained, ) Tj ET Q q 0 0 0 rg BT 216.23 397.10 Td (would ) Tj ET Q q 0 0 0 rg BT 243.73 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 255.67 397.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 293.70 397.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.53 397.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.03 397.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 361.72 397.10 Td (terms. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 373.10 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 104.16 328.10 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 156.12 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.74 328.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 307.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.60 307.10 Td (have ) Tj ET Q q 0 0 0 rg BT 87.00 307.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 116.72 307.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 163.66 307.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 210.63 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.93 307.10 Td (make ) Tj ET Q q 0 0 0 rg BT 245.10 307.10 Td (future ) Tj ET Q q 0 0 0 rg BT 271.50 307.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 314.67 307.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.74 307.10 Td (following ) Tj ET Q q 0 0 0 rg BT 374.15 307.10 Td (table ) Tj ET Q q 0 0 0 rg BT 396.10 307.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 446.39 307.10 Td (these ) Tj ET Q q 0 0 0 rg BT 469.46 307.10 Td (future ) Tj ET Q q 0 0 0 rg BT 495.86 307.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 542.82 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 553.67 307.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 96.39 295.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.39 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.89 295.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 132.50 295.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 256.60 162.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 256.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 256.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 256.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 256.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 256.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 256.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 256.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 256.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 256.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 256.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 256.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 256.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 256.60 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 227.60 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 227.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 227.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 227.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 227.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 227.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 227.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 227.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 227.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 227.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 227.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 227.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 227.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 227.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 197.60 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 197.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 197.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 197.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 197.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 197.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 197.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 197.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 167.60 162.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 167.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 167.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 167.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 167.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 167.60 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 167.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 518.50 167.60 44.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 270.6 m 256.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 270.6 m 260.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 270.6 m 304.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 270.6 m 308.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 270.6 m 360.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 270.6 m 364.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 270.6 m 408.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 270.6 m 412.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 270.6 m 456.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 270.6 m 460.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 270.6 m 514.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 270.6 m 518.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 270.6 m 562.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 270.6 m 256.5 270.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 256.6 m 256.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 256.6 m 304.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 256.6 m 360.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 256.6 m 408.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 256.6 m 456.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 256.6 m 514.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 256.6 m 562.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 256.6 m 256.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 256.6 m 304.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 256.6 m 360.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 256.6 m 408.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 256.6 m 456.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 256.6 m 514.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 256.6 m 562.5 256.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 152.60000000000002 m 256.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 152.60000000000002 m 304.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 152.60000000000002 m 360.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 152.60000000000002 m 408.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 152.60000000000002 m 456.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 152.60000000000002 m 514.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 152.60000000000002 m 562.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 212.5 137.60000000000002 m 256.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 137.60000000000002 m 304.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 137.60000000000002 m 360.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 137.60000000000002 m 408.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 137.60000000000002 m 456.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 137.60000000000002 m 514.5 137.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 518.5 137.60000000000002 m 562.5 137.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.30 275.28 Td (Payment Due by Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 261.28 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 261.28 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 261.28 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 261.28 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.00 261.28 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.10 261.28 Td (Thereafter) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.05 261.28 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 247.33 Td (Contractual Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 233.17 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.48 237.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 232.27 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.65 232.27 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 232.27 Td (305,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 232.27 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 232.27 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 232.27 Td (8,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.10 232.27 Td (313,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 218.17 Td (Interest payments on long-term debt) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 197.96 222.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.15 217.27 Td (5,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 217.27 Td (5,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 217.27 Td (3,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.65 217.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 217.27 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 217.27 Td (224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.10 217.27 Td (16,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 203.17 Td (Capital leases, including interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.15 202.27 Td (1,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 202.27 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 202.27 Td (1,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 202.27 Td (1,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 202.27 Td (1,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 202.27 Td (6,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.10 202.27 Td (12,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 188.17 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 187.27 Td (22,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 187.27 Td (17,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 187.27 Td (15,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.10 187.27 Td (12,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 187.27 Td (9,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 187.27 Td (35,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.10 187.27 Td (111,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 173.17 Td (Purchase obligations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.04 177.70 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 172.27 Td (42,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 172.27 Td (11,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 172.27 Td (11,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.10 172.27 Td (11,779) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 172.27 Td (11,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 172.27 Td (20,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.10 172.27 Td (107,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 75.77 162.70 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.65 157.27 Td (216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 157.27 Td (243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 157.27 Td (342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 157.27 Td (304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 157.27 Td (301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 157.27 Td (2,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 157.27 Td (4,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 143.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 142.27 Td (71,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 142.27 Td (36,165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.10 142.27 Td (336,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.10 142.27 Td (25,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.10 142.27 Td (22,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.15 142.27 Td (73,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.10 142.27 Td (565,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 128.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 109.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 109.90 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 104.21 109.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 119.98 109.90 Td (represents ) Tj ET Q q 0 0 0 rg BT 154.41 109.90 Td (the ) Tj ET Q q 0 0 0 rg BT 166.19 109.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 196.62 109.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 225.73 109.90 Td (of ) Tj ET Q q 0 0 0 rg BT 234.39 109.90 Td (all ) Tj ET Q q 0 0 0 rg BT 244.39 109.90 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 283.72 109.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 317.27 109.90 Td (debt, ) Tj ET Q q 0 0 0 rg BT 335.04 109.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 369.04 109.90 Td (of ) Tj ET Q q 0 0 0 rg BT 377.70 109.90 Td (which ) Tj ET Q q 0 0 0 rg BT 399.25 109.90 Td (extend ) Tj ET Q q 0 0 0 rg BT 422.57 109.90 Td (to ) Tj ET Q q 0 0 0 rg BT 430.80 109.90 Td (2028.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 97.30 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 97.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 93.39 97.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 125.46 97.30 Td (on ) Tj ET Q q 0 0 0 rg BT 134.86 97.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 167.82 97.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 183.00 97.30 Td (are ) Tj ET Q q 0 0 0 rg BT 194.17 97.30 Td (based ) Tj ET Q q 0 0 0 rg BT 213.79 97.30 Td (on ) Tj ET Q q 0 0 0 rg BT 223.19 97.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.14 97.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 264.65 97.30 Td (in ) Tj ET Q q 0 0 0 rg BT 272.28 97.30 Td (ef) Tj ET Q q 0 0 0 rg BT 278.35 97.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 291.74 97.30 Td (as ) Tj ET Q q 0 0 0 rg BT 299.81 97.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.57 97.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 344.09 97.30 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 360.09 97.30 Td (. ) Tj ET Q q 0 0 0 rg BT 363.18 97.30 Td (As ) Tj ET Q q 0 0 0 rg BT 373.48 97.30 Td (contractual ) Tj ET Q q 0 0 0 rg BT 410.42 97.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 435.37 97.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 451.88 97.30 Td (and ) Tj ET Q q 0 0 0 rg BT 464.84 97.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.01 97.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 501.42 97.30 Td (of ) Tj ET Q q 0 0 0 rg BT 509.49 97.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.66 97.30 Td (outstanding ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 87.70 Td (is ) Tj ET Q q 0 0 0 rg BT 75.34 87.70 Td (variable ) Tj ET Q q 0 0 0 rg BT 103.10 87.70 Td (in ) Tj ET Q q 0 0 0 rg BT 111.32 87.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 135.08 87.70 Td (cases, ) Tj ET Q q 0 0 0 rg BT 155.96 87.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 177.06 87.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.27 87.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 225.93 87.70 Td (may ) Tj ET Q q 0 0 0 rg BT 241.71 87.70 Td (dif) Tj ET Q q 0 0 0 rg BT 250.45 87.70 Td (fer ) Tj ET Q q 0 0 0 rg BT 261.33 87.70 Td (from ) Tj ET Q q 0 0 0 rg BT 278.88 87.70 Td (the ) Tj ET Q q 0 0 0 rg BT 290.65 87.70 Td (estimates ) Tj ET Q q 0 0 0 rg BT 322.42 87.70 Td (provided.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (\(3\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 75.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 99.10 75.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 136.87 75.10 Td (include ) Tj ET Q q 0 0 0 rg BT 162.64 75.10 Td (all ) Tj ET Q q 0 0 0 rg BT 172.85 75.10 Td (enforceable, ) Tj ET Q q 0 0 0 rg BT 214.38 75.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 238.36 75.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 265.03 75.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 303.67 75.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.11 75.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 342.76 75.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 364.09 75.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.98 75.10 Td (services ) Tj ET Q q 0 0 0 rg BT 400.96 75.10 Td (that ) Tj ET Q q 0 0 0 rg BT 415.18 75.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 440.50 75.10 Td (all ) Tj ET Q q 0 0 0 rg BT 450.71 75.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.70 75.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 508.69 75.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 543.34 75.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.22 75.10 Td (the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 65.50 Td (duration ) Tj ET Q q 0 0 0 rg BT 96.66 65.50 Td (of ) Tj ET Q q 0 0 0 rg BT 105.32 65.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.10 65.50 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 154.41 65.50 Td (including ) Tj ET Q q 0 0 0 rg BT 186.63 65.50 Td (purchases ) Tj ET Q q 0 0 0 rg BT 220.17 65.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.84 65.50 Td (inventory ) Tj ET Q q 0 0 0 rg BT 261.50 65.50 Td (items ) Tj ET Q q 0 0 0 rg BT 280.83 65.50 Td (to ) Tj ET Q q 0 0 0 rg BT 289.05 65.50 Td (be ) Tj ET Q q 0 0 0 rg BT 298.60 65.50 Td (sold ) Tj ET Q q 0 0 0 rg BT 313.94 65.50 Td (in ) Tj ET Q q 0 0 0 rg BT 322.16 65.50 Td (the ) Tj ET Q q 0 0 0 rg BT 333.93 65.50 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 363.04 65.50 Td (course ) Tj ET Q q 0 0 0 rg BT 385.91 65.50 Td (of ) Tj ET Q q 0 0 0 rg BT 394.58 65.50 Td (business.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 52.90 Td (\(4\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 52.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 88.21 52.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 125.75 52.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 163.30 52.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 187.53 52.90 Td (of ) Tj ET Q q 0 0 0 rg BT 196.19 52.90 Td (pension ) Tj ET Q q 0 0 0 rg BT 223.08 52.90 Td (funding ) Tj ET Q q 0 0 0 rg BT 249.96 52.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 287.52 52.90 Td (and ) Tj ET Q q 0 0 0 rg BT 301.07 52.90 Td (other ) Tj ET Q q 0 0 0 rg BT 319.51 52.90 Td (accrued ) Tj ET Q q 0 0 0 rg BT 346.38 52.90 Td (liabilities.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (39) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.75 742.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 101.41 742.10 Td (stand-by ) Tj ET Q q 0 0 0 rg BT 137.52 742.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 163.63 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.63 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 198.07 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.52 742.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 239.74 742.10 Td (support ) Tj ET Q q 0 0 0 rg BT 271.41 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 284.74 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.62 742.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 362.23 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 401.68 742.10 Td (workers) Tj ET Q q 0 0 0 rg BT 436.48 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.15 742.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.36 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.47 742.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 78.34 730.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.29 730.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 136.68 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.68 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 161.68 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 175.84 730.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 730.10 Td ($16 ) Tj ET Q q 0 0 0 rg BT 210.28 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.17 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.67 730.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 290.83 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 316.10 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 339.15 730.10 Td (arrangements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 706.10 Td (Accounting Policies and Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.07 685.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 114.13 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.98 685.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.48 685.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 204.22 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.52 685.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 260.00 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 279.31 685.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 324.70 685.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 365.66 685.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 404.38 685.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 440.88 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.18 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.92 685.10 Td (United ) Tj ET Q q 0 0 0 rg BT 492.66 685.10 Td (States ) Tj ET Q q 0 0 0 rg BT 518.07 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.59 685.10 Td (America ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 85.44 673.10 Td (us ) Tj ET Q q 0 0 0 rg BT 97.57 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.59 673.10 Td (make ) Tj ET Q q 0 0 0 rg BT 133.48 673.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 163.92 673.10 Td (judgments, ) Tj ET Q q 0 0 0 rg BT 211.32 673.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 254.27 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.94 673.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 324.63 673.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 366.18 673.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 420.50 673.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.73 673.10 Td (af) Tj ET Q q 0 0 0 rg BT 446.32 673.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 464.54 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.00 673.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 516.55 673.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.67 673.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.55 661.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 118.98 661.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 156.24 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.39 661.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 212.71 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.87 661.10 Td (related ) Tj ET Q q 0 0 0 rg BT 257.79 661.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 300.05 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.10 661.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 354.03 661.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 379.08 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.23 661.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 436.29 661.10 Td (An ) Tj ET Q q 0 0 0 rg BT 450.23 661.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 495.82 661.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 522.53 661.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.92 661.10 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.68 649.10 Td (be ) Tj ET Q q 0 0 0 rg BT 71.02 649.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 100.68 649.10 Td (if ) Tj ET Q q 0 0 0 rg BT 108.69 649.10 Td (it ) Tj ET Q q 0 0 0 rg BT 116.15 649.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 150.26 649.10 Td (an ) Tj ET Q q 0 0 0 rg BT 161.60 649.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 207.37 649.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 242.60 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.28 649.10 Td (be ) Tj ET Q q 0 0 0 rg BT 263.62 649.10 Td (made ) Tj ET Q q 0 0 0 rg BT 287.17 649.10 Td (based ) Tj ET Q q 0 0 0 rg BT 311.84 649.10 Td (on ) Tj ET Q q 0 0 0 rg BT 323.75 649.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 375.10 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.44 649.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 435.00 649.10 Td (about ) Tj ET Q q 0 0 0 rg BT 459.12 649.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 490.46 649.10 Td (that ) Tj ET Q q 0 0 0 rg BT 507.35 649.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.46 649.10 Td (inherently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 90.04 637.10 Td (at ) Tj ET Q q 0 0 0 rg BT 100.10 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.15 637.10 Td (time ) Tj ET Q q 0 0 0 rg BT 135.76 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.82 637.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 186.98 637.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.48 637.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 223.48 637.10 Td (if ) Tj ET Q q 0 0 0 rg BT 232.43 637.10 Td (dif) Tj ET Q q 0 0 0 rg BT 243.35 637.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 269.51 637.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 309.56 637.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 355.71 637.10 Td (could ) Tj ET Q q 0 0 0 rg BT 380.77 637.10 Td (have ) Tj ET Q q 0 0 0 rg BT 402.48 637.10 Td (been ) Tj ET Q q 0 0 0 rg BT 424.20 637.10 Td (used, ) Tj ET Q q 0 0 0 rg BT 447.87 637.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.03 637.10 Td (if ) Tj ET Q q 0 0 0 rg BT 467.98 637.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 503.03 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 513.64 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.70 637.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.06 625.10 Td (are ) Tj ET Q q 0 0 0 rg BT 83.33 625.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 129.72 625.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 155.56 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.40 625.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 191.67 625.10 Td (could ) Tj ET Q q 0 0 0 rg BT 216.96 625.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 260.56 625.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 290.84 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.24 625.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 360.84 625.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.89 625.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 446.45 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 455.09 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 462.59 625.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 487.31 625.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.14 625.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 83.94 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.56 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.84 613.10 Td (those ) Tj ET Q q 0 0 0 rg BT 130.79 613.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.63 613.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.68 613.10 Td (most ) Tj ET Q q 0 0 0 rg BT 185.96 613.10 Td (important ) Tj ET Q q 0 0 0 rg BT 227.69 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.31 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.36 613.10 Td (portrayal ) Tj ET Q q 0 0 0 rg BT 292.30 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.47 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.64 613.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 357.46 613.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 398.08 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.36 613.10 Td (results ) Tj ET Q q 0 0 0 rg BT 444.30 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.48 613.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 502.47 613.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 538.63 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 613.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 98.28 601.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 134.33 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.41 601.10 Td (these ) Tj ET Q q 0 0 0 rg BT 169.25 601.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 204.48 601.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 231.64 601.10 Td (results ) Tj ET Q q 0 0 0 rg BT 261.05 601.10 Td (could ) Tj ET Q q 0 0 0 rg BT 286.56 601.10 Td (dif) Tj ET Q q 0 0 0 rg BT 297.49 601.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 311.88 601.10 Td (from ) Tj ET Q q 0 0 0 rg BT 334.61 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.13 601.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 390.63 601.10 Td (we ) Tj ET Q q 0 0 0 rg BT 405.59 601.10 Td (use ) Tj ET Q q 0 0 0 rg BT 422.21 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.29 601.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 471.58 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.09 601.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 518.14 601.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 86.51 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.15 589.10 Td (e ) Tj ET Q q 0 0 0 rg BT 102.73 589.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.07 589.10 Td (not ) Tj ET Q q 0 0 0 rg BT 133.99 589.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 173.22 589.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 200.22 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.69 589.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.27 589.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 275.72 589.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 301.63 589.10 Td (events ) Tj ET Q q 0 0 0 rg BT 330.31 589.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.78 589.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 401.56 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.69 589.10 Td (would ) Tj ET Q q 0 0 0 rg BT 447.83 589.10 Td (result ) Tj ET Q q 0 0 0 rg BT 473.18 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.10 589.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 527.77 589.10 Td (dif) Tj ET Q q 0 0 0 rg BT 538.70 589.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.39 577.10 Td (being ) Tj ET Q q 0 0 0 rg BT 111.10 577.10 Td (reported.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.94 553.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 100.08 553.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 147.34 553.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 187.94 553.10 Td (include ) Tj ET Q q 0 0 0 rg BT 220.76 553.10 Td (those ) Tj ET Q q 0 0 0 rg BT 245.25 553.10 Td (related ) Tj ET Q q 0 0 0 rg BT 275.84 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.01 553.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 328.45 553.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 389.59 553.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 415.48 553.10 Td (inventories, ) Tj ET Q q 0 0 0 rg BT 465.80 553.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 513.06 553.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.11 553.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 106.38 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.32 541.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 157.47 541.10 Td (recognition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 502.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.23 502.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 102.69 502.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 141.39 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 156.20 502.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 205.45 502.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 243.03 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.62 502.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.77 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.14 502.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 346.14 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.62 502.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 387.97 502.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 430.55 502.10 Td (events ) Tj ET Q q 0 0 0 rg BT 459.25 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.73 502.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 518.87 502.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.23 502.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.90 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 126.16 490.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 160.07 490.10 Td (that ) Tj ET Q q 0 0 0 rg BT 177.32 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.80 490.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 207.94 490.10 Td (value ) Tj ET Q q 0 0 0 rg BT 231.86 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.45 490.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 280.26 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 299.74 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 311.44 490.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 351.74 490.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 400.65 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.25 490.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 449.06 490.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.99 490.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 483.58 490.10 Td (at ) Tj ET Q q 0 0 0 rg BT 493.06 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.53 490.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.45 490.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 73.91 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.58 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.11 478.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 122.30 478.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 140.38 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 149.59 478.10 Td (an ) Tj ET Q q 0 0 0 rg BT 161.56 478.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 201.85 478.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 237.71 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.57 478.10 Td (one ) Tj ET Q q 0 0 0 rg BT 265.54 478.10 Td (level ) Tj ET Q q 0 0 0 rg BT 287.51 478.10 Td (below ) Tj ET Q q 0 0 0 rg BT 314.48 478.10 Td (an ) Tj ET Q q 0 0 0 rg BT 326.45 478.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 366.74 478.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 402.60 478.10 Td (\(referred ) Tj ET Q q 0 0 0 rg BT 440.10 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.41 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 461.27 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.24 478.10 Td (component\). ) Tj ET Q q 0 0 0 rg BT 527.51 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.15 478.10 Td (e ) Tj ET Q q 0 0 0 rg BT 543.12 478.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.55 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.11 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.00 466.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 170.22 466.10 Td (units ) Tj ET Q q 0 0 0 rg BT 192.24 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.46 466.10 Td (which ) Tj ET Q q 0 0 0 rg BT 233.47 466.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 271.59 466.10 Td (has ) Tj ET Q q 0 0 0 rg BT 287.49 466.10 Td (been ) Tj ET Q q 0 0 0 rg BT 308.93 466.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 347.59 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.36 466.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 406.57 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.92 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.81 466.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 473.14 466.10 Td (segments, ) Tj ET Q q 0 0 0 rg BT 515.43 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.32 466.10 Td (all ) Tj ET Q q 0 0 0 rg BT 538.88 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 466.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (components ) Tj ET Q q 0 0 0 rg BT 100.87 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.74 454.10 Td (each ) Tj ET Q q 0 0 0 rg BT 132.59 454.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 168.46 454.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 190.43 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.19 454.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 236.04 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.24 454.10 Td (aggregation. ) Tj ET Q q 0 0 0 rg BT 302.48 454.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 320.58 454.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 358.67 454.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 395.64 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.39 454.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 449.01 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.33 454.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 484.11 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.52 454.10 Td (APB. ) Tj ET Q q 0 0 0 rg BT 525.02 454.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 548.68 454.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (no ) Tj ET Q q 0 0 0 rg BT 62.50 442.10 Td (goodwill.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (When ) Tj ET Q q 0 0 0 rg BT 76.67 418.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 106.12 418.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 144.47 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.92 418.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 210.31 418.10 Td (we ) Tj ET Q q 0 0 0 rg BT 224.75 418.10 Td (have ) Tj ET Q q 0 0 0 rg BT 246.42 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.43 418.10 Td (option ) Tj ET Q q 0 0 0 rg BT 289.77 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.34 418.10 Td (first ) Tj ET Q q 0 0 0 rg BT 319.24 418.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 346.47 418.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 391.47 418.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 421.47 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.03 418.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 474.80 418.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 509.80 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.81 418.10 Td (existence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 406.10 Td (events ) Tj ET Q q 0 0 0 rg BT 88.95 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.81 406.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 158.98 406.10 Td (leads ) Tj ET Q q 0 0 0 rg BT 182.07 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.38 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.35 406.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 257.42 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.95 406.10 Td (it ) Tj ET Q q 0 0 0 rg BT 283.04 406.10 Td (is ) Tj ET Q q 0 0 0 rg BT 292.25 406.10 Td (more ) Tj ET Q q 0 0 0 rg BT 315.33 406.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 340.63 406.10 Td (than ) Tj ET Q q 0 0 0 rg BT 360.39 406.10 Td (not ) Tj ET Q q 0 0 0 rg BT 375.70 406.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.23 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.98 406.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 448.83 406.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 465.24 406.10 Td (value ) Tj ET Q q 0 0 0 rg BT 489.43 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.30 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.27 406.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 546.46 406.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.27 394.10 Td (less ) Tj ET Q q 0 0 0 rg BT 76.88 394.10 Td (than ) Tj ET Q q 0 0 0 rg BT 96.69 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.75 394.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 144.66 394.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 179.76 394.10 Td (If ) Tj ET Q q 0 0 0 rg BT 189.02 394.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.29 394.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 224.76 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.14 394.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 269.95 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.99 394.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 321.80 394.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 368.84 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.88 394.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 428.47 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.06 394.10 Td (an ) Tj ET Q q 0 0 0 rg BT 458.11 394.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 506.81 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 516.08 394.10 Td (more ) Tj ET Q q 0 0 0 rg BT 539.23 394.10 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.59 382.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 87.24 382.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.27 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 115.85 382.10 Td (then ) Tj ET Q q 0 0 0 rg BT 135.44 382.10 Td (required ) Tj ET Q q 0 0 0 rg BT 171.13 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.28 382.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 215.86 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.45 382.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 267.27 382.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 316.85 382.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 365.32 382.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 384.08 382.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 425.33 382.10 Td (no ) Tj ET Q q 0 0 0 rg BT 437.70 382.10 Td (further ) Tj ET Q q 0 0 0 rg BT 467.28 382.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 501.87 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 510.91 382.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 548.93 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 382.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (also ) Tj ET Q q 0 0 0 rg BT 69.08 370.10 Td (may ) Tj ET Q q 0 0 0 rg BT 89.27 370.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 111.11 370.10 Td (not ) Tj ET Q q 0 0 0 rg BT 126.86 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.60 370.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 172.78 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.97 370.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 233.15 370.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 280.56 370.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 300.46 370.10 Td (instead, ) Tj ET Q q 0 0 0 rg BT 334.26 370.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 368.88 370.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 402.39 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.14 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.32 370.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 465.73 370.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 515.91 370.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (test. ) Tj ET Q q 0 0 0 rg BT 68.90 358.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.74 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.46 358.10 Td (first ) Tj ET Q q 0 0 0 rg BT 113.08 358.10 Td (step ) Tj ET Q q 0 0 0 rg BT 131.70 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.54 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.27 358.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 206.98 358.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 255.59 358.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 274.49 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.21 358.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 305.60 358.10 Td (value ) Tj ET Q q 0 0 0 rg BT 329.77 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.61 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.55 358.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 386.72 358.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 404.79 358.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.96 358.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 455.90 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.19 358.10 Td (its ) Tj ET Q q 0 0 0 rg BT 478.14 358.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 513.97 358.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 540.63 358.10 Td (If ) Tj ET Q q 0 0 0 rg BT 549.80 358.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 86.77 346.10 Td (value ) Tj ET Q q 0 0 0 rg BT 111.87 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.65 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.54 346.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 171.64 346.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 190.65 346.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 225.74 346.10 Td (its ) Tj ET Q q 0 0 0 rg BT 238.64 346.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 255.97 346.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 283.57 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.24 346.10 Td (second ) Tj ET Q q 0 0 0 rg BT 330.46 346.10 Td (step ) Tj ET Q q 0 0 0 rg BT 350.02 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.80 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.46 346.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 427.01 346.10 Td (test ) Tj ET Q q 0 0 0 rg BT 444.35 346.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.47 346.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 499.56 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 514.67 346.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 553.67 346.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 94.16 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.89 334.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 160.00 334.10 Td (In ) Tj ET Q q 0 0 0 rg BT 170.84 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.56 334.10 Td (second ) Tj ET Q q 0 0 0 rg BT 215.84 334.10 Td (step, ) Tj ET Q q 0 0 0 rg BT 236.96 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.68 334.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 268.07 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 292.23 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.07 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.80 334.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.96 334.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 375.03 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.20 334.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 422.80 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.09 334.10 Td (all ) Tj ET Q q 0 0 0 rg BT 445.59 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.43 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.16 334.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.00 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.94 334.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 553.67 334.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 322.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 103.55 322.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 121.45 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.56 322.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 173.88 322.10 Td (an ) Tj ET Q q 0 0 0 rg BT 185.66 322.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 218.55 322.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 256.45 322.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 282.77 322.10 Td (This ) Tj ET Q q 0 0 0 rg BT 302.89 322.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 344.66 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.66 322.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 383.78 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.89 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.67 322.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 438.55 322.10 Td (price ) Tj ET Q q 0 0 0 rg BT 460.87 322.10 Td (allocation. ) Tj ET Q q 0 0 0 rg BT 505.14 322.10 Td (If ) Tj ET Q q 0 0 0 rg BT 514.14 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 322.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.09 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.51 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.82 310.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 145.57 310.10 Td (unit) Tj ET Q q 0 0 0 rg BT 163.90 310.10 Td (s ) Tj ET Q q 0 0 0 rg BT 169.89 310.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 207.53 310.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 241.27 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.58 310.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 288.23 310.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 304.19 310.10 Td (value ) Tj ET Q q 0 0 0 rg BT 327.94 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.36 310.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 378.51 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 390.04 310.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 438.23 310.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 455.89 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 464.65 310.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.61 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.48 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 532.01 310.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 74.16 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.43 298.10 Td (that ) Tj ET Q q 0 0 0 rg BT 101.93 298.10 Td (excess.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 274.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.08 274.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 102.40 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.61 274.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 134.49 274.10 Td (value ) Tj ET Q q 0 0 0 rg BT 159.15 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.48 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.70 274.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 225.35 274.10 Td (units ) Tj ET Q q 0 0 0 rg BT 247.80 274.10 Td (using ) Tj ET Q q 0 0 0 rg BT 272.47 274.10 Td (an ) Tj ET Q q 0 0 0 rg BT 284.91 274.10 Td (income ) Tj ET Q q 0 0 0 rg BT 317.34 274.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 356.99 274.10 Td (based ) Tj ET Q q 0 0 0 rg BT 382.76 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 395.76 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.98 274.10 Td (present ) Tj ET Q q 0 0 0 rg BT 442.85 274.10 Td (value ) Tj ET Q q 0 0 0 rg BT 467.51 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.84 274.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 517.37 274.10 Td (future ) Tj ET Q q 0 0 0 rg BT 544.25 274.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 75.63 262.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 112.37 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.21 262.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 177.49 262.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 217.55 262.10 Td (average ) Tj ET Q q 0 0 0 rg BT 252.04 262.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 271.56 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 262.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 313.35 262.10 Td (\(W) Tj ET Q q 0 0 0 rg BT 329.45 262.10 Td (ACC\) ) Tj ET Q q 0 0 0 rg BT 361.19 262.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 409.58 262.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 453.52 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 468.59 262.10 Td (each ) Tj ET Q q 0 0 0 rg BT 490.31 262.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 530.38 262.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 551.59 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 557.00 262.10 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 86.18 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.26 250.10 Td (present ) Tj ET Q q 0 0 0 rg BT 133.01 250.10 Td (value ) Tj ET Q q 0 0 0 rg BT 157.52 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.72 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.80 250.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.43 250.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 229.52 250.10 Td (that ) Tj ET Q q 0 0 0 rg BT 247.38 250.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 276.89 250.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 309.20 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.28 250.10 Td (final ) Tj ET Q q 0 0 0 rg BT 345.47 250.10 Td (year ) Tj ET Q q 0 0 0 rg BT 365.54 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.73 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.81 250.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 438.00 250.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 458.63 250.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 479.83 250.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 510.19 250.10 Td (we ) Tj ET Q q 0 0 0 rg BT 524.71 250.10 Td (employ ) Tj ET Q q 0 0 0 rg BT 557.57 250.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 84.89 238.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.11 238.10 Td (technique, ) Tj ET Q q 0 0 0 rg BT 151.04 238.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 187.04 238.10 Td (we ) Tj ET Q q 0 0 0 rg BT 200.26 238.10 Td (use ) Tj ET Q q 0 0 0 rg BT 215.16 238.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 255.04 238.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 294.37 238.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.70 238.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 337.49 238.10 Td (minus ) Tj ET Q q 0 0 0 rg BT 363.50 238.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 391.72 238.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 446.88 238.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 472.33 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.55 238.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 519.33 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.67 238.10 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.47 226.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 134.50 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.10 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.14 226.10 Td (final ) Tj ET Q q 0 0 0 rg BT 181.29 226.10 Td (year ) Tj ET Q q 0 0 0 rg BT 201.32 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.48 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 226.10 Td (model, ) Tj ET Q q 0 0 0 rg BT 257.84 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.10 226.10 Td (then ) Tj ET Q q 0 0 0 rg BT 295.14 226.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 331.85 226.10 Td (these ) Tj ET Q q 0 0 0 rg BT 355.22 226.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 396.36 226.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 416.96 226.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 442.00 226.10 Td (by ) Tj ET Q q 0 0 0 rg BT 454.82 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.66 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.99 226.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 501.38 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.98 226.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 549.80 226.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 85.82 214.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.38 190.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 126.76 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.92 190.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 154.63 190.10 Td (value ) Tj ET Q q 0 0 0 rg BT 179.13 190.10 Td (using ) Tj ET Q q 0 0 0 rg BT 203.63 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.68 190.10 Td (income ) Tj ET Q q 0 0 0 rg BT 250.95 190.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 290.44 190.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 325.48 190.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 366.09 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.36 190.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 420.08 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.14 190.10 Td (use ) Tj ET Q q 0 0 0 rg BT 451.30 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.47 190.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 507.52 190.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 547.57 190.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 103.14 178.10 Td (about ) Tj ET Q q 0 0 0 rg BT 129.04 178.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 168.26 178.10 Td (future ) Tj ET Q q 0 0 0 rg BT 195.83 178.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 217.29 178.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 243.20 178.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 276.87 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 300.00 178.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 334.23 178.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 373.46 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.58 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.49 178.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.39 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.41 178.10 Td (market ) Tj ET Q q 0 0 0 rg BT 481.86 178.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 527.22 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 540.91 178.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 106.36 166.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 140.77 166.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 194.64 166.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 236.26 166.10 Td (include ) Tj ET Q q 0 0 0 rg BT 270.11 166.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 306.18 166.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 338.92 166.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 362.22 166.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 392.18 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 406.60 166.10 Td (future ) Tj ET Q q 0 0 0 rg BT 434.89 166.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 484.86 166.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 513.15 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.01 166.10 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 105.69 154.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 146.67 154.10 Td (mar) Tj ET Q q 0 0 0 rg BT 162.04 154.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 184.42 154.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 214.29 154.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 271.10 154.10 Td (working ) Tj ET Q q 0 0 0 rg BT 307.64 154.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 337.51 154.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 395.42 154.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.85 154.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 435.44 154.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 471.98 154.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 503.52 154.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 528.11 154.10 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.88 142.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 108.03 142.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 151.63 142.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.90 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.84 142.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 210.21 142.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 256.59 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.53 142.10 Td (syner) Tj ET Q q 0 0 0 rg BT 295.00 142.10 Td (gistic ) Tj ET Q q 0 0 0 rg BT 319.17 142.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 353.33 142.10 Td (available ) Tj ET Q q 0 0 0 rg BT 391.91 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.19 142.10 Td (market ) Tj ET Q q 0 0 0 rg BT 432.46 142.10 Td (participants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.73 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.35 118.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.19 118.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.90 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.63 118.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 167.69 118.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 192.59 118.10 Td (we ) Tj ET Q q 0 0 0 rg BT 206.65 118.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 247.37 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.20 118.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 296.04 118.10 Td (event ) Tj ET Q q 0 0 0 rg BT 320.09 118.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 359.15 118.10 Td (an ) Tj ET Q q 0 0 0 rg BT 370.99 118.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 402.27 118.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 450.77 118.10 Td (test ) Tj ET Q q 0 0 0 rg BT 467.05 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.78 118.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.74 118.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 554.23 118.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.40 106.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 104.13 106.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 127.69 106.10 Td (As ) Tj ET Q q 0 0 0 rg BT 140.87 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.38 106.10 Td (result ) Tj ET Q q 0 0 0 rg BT 171.67 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.07 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.35 106.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 214.81 106.10 Td (we ) Tj ET Q q 0 0 0 rg BT 228.54 106.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 265.59 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.10 106.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 299.71 106.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 337.34 106.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 385.50 106.10 Td (char) Tj ET Q q 0 0 0 rg BT 402.53 106.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 414.04 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.44 106.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 446.51 106.10 Td (million ) Tj ET Q q 0 0 0 rg BT 477.47 106.10 Td (at ) Tj ET Q q 0 0 0 rg BT 486.76 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.05 106.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 525.35 106.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.24 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.38 70.10 Td (first ) Tj ET Q q 0 0 0 rg BT 95.40 70.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 126.63 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.87 70.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 162.44 70.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 187.85 70.10 Td (we ) Tj ET Q q 0 0 0 rg BT 202.43 70.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 238.66 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.79 70.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 283.36 70.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 321.83 70.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 370.84 70.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 400.42 70.10 Td (date ) Tj ET Q q 0 0 0 rg BT 419.99 70.10 Td (from ) Tj ET Q q 0 0 0 rg BT 442.34 70.10 Td (February ) Tj ET Q q 0 0 0 rg BT 481.36 70.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 494.27 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.96 70.10 Td (July ) Tj ET Q q 0 0 0 rg BT 524.55 70.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 532.46 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.70 70.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 58.10 Td (. ) Tj ET Q q 0 0 0 rg BT 71.92 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.56 58.10 Td (e ) Tj ET Q q 0 0 0 rg BT 87.97 58.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 119.82 58.10 Td (this ) Tj ET Q q 0 0 0 rg BT 137.25 58.10 Td (new ) Tj ET Q q 0 0 0 rg BT 156.89 58.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 186.53 58.10 Td (date ) Tj ET Q q 0 0 0 rg BT 206.17 58.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.81 58.10 Td (preferable ) Tj ET Q q 0 0 0 rg BT 259.32 58.10 Td (because ) Tj ET Q q 0 0 0 rg BT 293.94 58.10 Td (it ) Tj ET Q q 0 0 0 rg BT 302.48 58.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 331.56 58.10 Td (us ) Tj ET Q q 0 0 0 rg BT 343.43 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.19 58.10 Td (better ) Tj ET Q q 0 0 0 rg BT 379.93 58.10 Td (align ) Tj ET Q q 0 0 0 rg BT 402.90 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.10 58.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 447.73 58.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 486.27 58.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 535.35 58.10 Td (testing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 95.96 46.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.84 46.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.27 46.10 Td (year) Tj ET Q q 0 0 0 rg BT 148.27 46.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 168.14 46.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.22 46.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 246.47 46.10 Td (as ) Tj ET Q q 0 0 0 rg BT 256.90 46.10 Td (well ) Tj ET Q q 0 0 0 rg BT 276.21 46.10 Td (as ) Tj ET Q q 0 0 0 rg BT 286.64 46.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.07 46.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 330.82 46.10 Td (budgeting ) Tj ET Q q 0 0 0 rg BT 372.91 46.10 Td (cycle ) Tj ET Q q 0 0 0 rg BT 396.10 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.64 46.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 440.84 46.10 Td (us ) Tj ET Q q 0 0 0 rg BT 451.83 46.10 Td (visibility ) Tj ET Q q 0 0 0 rg BT 489.49 46.10 Td (into ) Tj ET Q q 0 0 0 rg BT 507.14 46.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 533.68 46.10 Td (quarter ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (40) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.79 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 119.92 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 147.38 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.60 742.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 200.62 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.85 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.65 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.00 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 302.68 742.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 358.50 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 379.30 742.10 Td (change ) Tj ET Q q 0 0 0 rg BT 410.64 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.44 742.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 468.33 742.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 506.90 742.10 Td (did ) Tj ET Q q 0 0 0 rg BT 522.70 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 538.50 742.10 Td (delay) Tj ET Q q 0 0 0 rg BT 559.50 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 92.67 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.71 730.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 128.62 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 140.22 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.71 730.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 175.64 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 187.79 730.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 236.60 730.10 Td (char) Tj ET Q q 0 0 0 rg BT 253.62 730.10 Td (ge. ) Tj ET Q q 0 0 0 rg BT 268.08 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 276.71 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 283.86 730.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 328.22 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.14 730.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 367.51 730.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 390.22 730.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.58 730.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 457.85 730.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 506.66 730.10 Td (test ) Tj ET Q q 0 0 0 rg BT 523.26 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.30 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.34 730.10 Td (July ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 60.00 718.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 85.00 718.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 131.92 718.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 164.97 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.24 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.96 718.10 Td (first ) Tj ET Q q 0 0 0 rg BT 208.57 718.10 Td (step ) Tj ET Q q 0 0 0 rg BT 227.18 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.01 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.72 718.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 302.43 718.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 351.03 718.10 Td (test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.93 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.19 694.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 104.46 694.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 143.16 694.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 160.76 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 180.58 694.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 218.17 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.54 694.10 Td ($147 ) Tj ET Q q 0 0 0 rg BT 250.59 694.10 Td (million ) Tj ET Q q 0 0 0 rg BT 281.52 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.89 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.26 694.10 Td (July ) Tj ET Q q 0 0 0 rg BT 320.97 694.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 330.51 694.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 355.05 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.31 694.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 411.88 694.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.80 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.49 694.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 490.73 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.99 694.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.34 694.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.03 682.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 123.82 682.10 Td (13%. ) Tj ET Q q 0 0 0 rg BT 147.46 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 166.04 682.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 213.51 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 234.87 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.68 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.93 682.10 Td (income ) Tj ET Q q 0 0 0 rg BT 293.39 682.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 333.07 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.76 682.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 373.02 682.10 Td (took ) Tj ET Q q 0 0 0 rg BT 393.83 682.10 Td (into ) Tj ET Q q 0 0 0 rg BT 412.42 682.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 469.32 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.57 682.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 534.25 682.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 93.62 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.24 670.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 143.05 670.10 Td (metals, ) Tj ET Q q 0 0 0 rg BT 173.61 670.10 Td (including ) Tj ET Q q 0 0 0 rg BT 213.34 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.51 670.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 268.90 670.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 316.95 670.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 345.58 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.86 670.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 378.92 670.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 403.09 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.48 670.10 Td (level ) Tj ET Q q 0 0 0 rg BT 440.87 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.15 670.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 500.88 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.61 670.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.90 670.10 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 86.72 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.49 658.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 141.26 658.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 164.92 658.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 231.34 658.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 273.33 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.67 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.45 658.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 332.66 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.00 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 370.00 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.89 658.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 429.00 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.77 658.10 Td (based, ) Tj ET Q q 0 0 0 rg BT 471.60 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.60 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.38 658.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 537.03 658.10 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.39 646.10 Td (industry) Tj ET Q q 0 0 0 rg BT 108.52 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.22 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.13 646.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 177.93 646.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 214.74 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.55 646.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 258.89 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.59 646.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 309.72 646.10 Td (mar) Tj ET Q q 0 0 0 rg BT 325.08 646.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 344.12 646.10 Td (over ) Tj ET Q q 0 0 0 rg BT 364.26 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.06 646.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 415.08 646.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 445.49 646.10 Td (eventually ) Tj ET Q q 0 0 0 rg BT 489.51 646.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 528.53 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.68 646.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.46 634.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 112.37 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.63 634.10 Td (range ) Tj ET Q q 0 0 0 rg BT 163.97 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.44 634.10 Td (average ) Tj ET Q q 0 0 0 rg BT 209.66 634.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 250.00 634.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 278.74 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.42 634.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 354.19 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 362.52 634.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 386.22 634.10 Td (used ) Tj ET Q q 0 0 0 rg BT 407.68 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.59 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.95 634.10 Td (income ) Tj ET Q q 0 0 0 rg BT 466.51 634.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 506.29 634.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.09 634.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 546.46 634.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (12.87%, ) Tj ET Q q 0 0 0 rg BT 85.84 622.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.79 622.10 Td (included ) Tj ET Q q 0 0 0 rg BT 149.74 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 161.69 622.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 204.19 622.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.58 622.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 263.10 622.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 301.71 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.55 622.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 328.39 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.68 622.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 366.73 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.45 622.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 428.95 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.24 622.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 485.62 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 505.91 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.64 622.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.58 622.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 71.09 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.19 610.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 142.17 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.72 610.10 Td (market ) Tj ET Q q 0 0 0 rg BT 183.25 610.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 227.68 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.89 610.10 Td (future ) Tj ET Q q 0 0 0 rg BT 271.54 610.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.20 610.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 368.79 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.11 610.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 423.20 610.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 454.30 610.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 472.05 610.10 Td (used ) Tj ET Q q 0 0 0 rg BT 493.15 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.70 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.69 610.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.03 598.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.62 598.10 Td (model ) Tj ET Q q 0 0 0 rg BT 117.88 598.10 Td (was ) Tj ET Q q 0 0 0 rg BT 135.69 598.10 Td (2% ) Tj ET Q q 0 0 0 rg BT 151.28 598.10 Td (based ) Tj ET Q q 0 0 0 rg BT 176.31 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 188.57 598.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 230.26 598.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 268.63 598.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 309.76 598.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 340.35 598.10 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 394.59 598.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 437.42 598.10 Td (all ) Tj ET Q q 0 0 0 rg BT 449.67 598.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.48 598.10 Td (components ) Tj ET Q q 0 0 0 rg BT 523.07 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.66 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.13 598.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.13 586.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 109.93 586.10 Td (were ) Tj ET Q q 0 0 0 rg BT 131.84 586.10 Td (held ) Tj ET Q q 0 0 0 rg BT 151.54 586.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 189.84 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.76 586.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 237.00 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.25 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.77 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.10 586.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 293.14 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.40 586.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 331.98 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.79 586.10 Td (1%, ) Tj ET Q q 0 0 0 rg BT 361.10 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.91 586.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 403.25 586.10 Td (than ) Tj ET Q q 0 0 0 rg BT 422.95 586.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 469.30 586.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 528.99 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.24 586.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 574.10 Td (mar) Tj ET Q q 0 0 0 rg BT 105.63 574.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 124.80 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.63 574.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 174.52 574.10 Td (could ) Tj ET Q q 0 0 0 rg BT 199.23 574.10 Td (result ) Tj ET Q q 0 0 0 rg BT 223.95 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.23 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.17 574.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 269.76 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.59 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.31 574.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 315.59 574.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 323.09 574.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 372.79 574.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 421.39 574.10 Td (test ) Tj ET Q q 0 0 0 rg BT 437.78 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.94 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.66 574.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 491.39 574.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 530.54 574.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.08 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.00 550.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 101.65 550.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 140.49 550.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 158.24 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 178.21 550.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 215.95 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.47 550.10 Td ($180 ) Tj ET Q q 0 0 0 rg BT 248.66 550.10 Td (million ) Tj ET Q q 0 0 0 rg BT 279.75 550.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.27 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.79 550.10 Td (July ) Tj ET Q q 0 0 0 rg BT 319.65 550.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 329.34 550.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 354.03 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 550.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 411.15 550.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.22 550.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.06 550.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 490.44 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.85 550.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.36 550.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.36 538.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 122.47 538.10 Td (17%. ) Tj ET Q q 0 0 0 rg BT 145.49 538.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.40 538.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 210.19 538.10 Td (used ) Tj ET Q q 0 0 0 rg BT 230.87 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.01 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.58 538.10 Td (income ) Tj ET Q q 0 0 0 rg BT 287.37 538.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 326.38 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.87 538.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 361.69 538.10 Td (took ) Tj ET Q q 0 0 0 rg BT 381.82 538.10 Td (into ) Tj ET Q q 0 0 0 rg BT 399.73 538.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 455.96 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.54 538.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 500.11 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.80 538.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 534.25 538.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.55 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.10 526.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 140.31 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 526.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 203.84 526.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 260.89 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.99 526.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 294.99 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.20 526.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 346.87 526.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 385.28 526.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 414.84 526.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 439.95 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.17 526.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 496.81 526.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 532.46 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 526.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 76.66 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.22 514.10 Td (self-serve ) Tj ET Q q 0 0 0 rg BT 128.31 514.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 149.97 514.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 171.63 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.64 514.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 211.06 514.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 246.05 514.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 282.27 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 300.04 514.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 346.70 514.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 383.36 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.02 514.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 427.22 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.78 514.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.76 514.10 Td (mar) Tj ET Q q 0 0 0 rg BT 493.13 514.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 512.02 514.10 Td (from ) Tj ET Q q 0 0 0 rg BT 533.69 514.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.53 502.10 Td (over ) Tj ET Q q 0 0 0 rg BT 95.50 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.14 502.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 145.99 502.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 176.24 502.10 Td (but ) Tj ET Q q 0 0 0 rg BT 191.22 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.20 502.10 Td (less ) Tj ET Q q 0 0 0 rg BT 218.40 502.10 Td (than ) Tj ET Q q 0 0 0 rg BT 237.82 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.24 502.10 Td (peak ) Tj ET Q q 0 0 0 rg BT 273.32 502.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 298.85 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.38 502.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.35 502.10 Td (mar) Tj ET Q q 0 0 0 rg BT 364.71 502.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 379.69 502.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 430.20 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.18 502.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 464.03 502.10 Td (year ) Tj ET Q q 0 0 0 rg BT 483.44 502.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 505.64 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.29 502.10 Td (201) Tj ET Q q 0 0 0 rg BT 536.91 502.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 546.46 502.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 106.53 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.86 490.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 138.30 490.10 Td (used ) Tj ET Q q 0 0 0 rg BT 159.51 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.16 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.26 490.10 Td (income ) Tj ET Q q 0 0 0 rg BT 217.57 490.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 257.09 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.99 490.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 293.33 490.10 Td (was ) Tj ET Q q 0 0 0 rg BT 311.75 490.10 Td (1) Tj ET Q q 0 0 0 rg BT 316.38 490.10 Td (1.19%. ) Tj ET Q q 0 0 0 rg BT 347.38 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 365.81 490.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 402.00 490.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 433.21 490.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 451.08 490.10 Td (used ) Tj ET Q q 0 0 0 rg BT 472.28 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.94 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.03 490.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 544.24 490.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 71.09 478.10 Td (model ) Tj ET Q q 0 0 0 rg BT 98.85 478.10 Td (was ) Tj ET Q q 0 0 0 rg BT 117.16 478.10 Td (1%. ) Tj ET Q q 0 0 0 rg BT 135.14 478.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 178.46 478.10 Td (all ) Tj ET Q q 0 0 0 rg BT 191.22 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.52 478.10 Td (components ) Tj ET Q q 0 0 0 rg BT 265.61 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.70 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.68 478.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 308.31 478.10 Td (value ) Tj ET Q q 0 0 0 rg BT 332.73 478.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 368.81 478.10 Td (were ) Tj ET Q q 0 0 0 rg BT 391.00 478.10 Td (held ) Tj ET Q q 0 0 0 rg BT 410.98 478.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 449.56 478.10 Td (an ) Tj ET Q q 0 0 0 rg BT 461.76 478.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 497.27 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.81 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.59 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 530.92 478.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 554.24 478.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 78.37 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.97 466.10 Td (1.25% ) Tj ET Q q 0 0 0 rg BT 117.07 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.67 466.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 158.81 466.10 Td (than ) Tj ET Q q 0 0 0 rg BT 178.30 466.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 224.43 466.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 283.92 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.96 466.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 334.00 466.10 Td (mar) Tj ET Q q 0 0 0 rg BT 349.37 466.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 368.31 466.10 Td (could ) Tj ET Q q 0 0 0 rg BT 392.79 466.10 Td (result ) Tj ET Q q 0 0 0 rg BT 417.28 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.33 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 434.04 466.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 462.40 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.00 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.49 466.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 507.54 466.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 514.81 466.10 Td (quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.60 454.10 Td (test ) Tj ET Q q 0 0 0 rg BT 114.99 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.15 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.31 454.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 165.26 454.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 204.42 454.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 430.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.51 430.10 Td (also ) Tj ET Q q 0 0 0 rg BT 86.06 430.10 Td (use ) Tj ET Q q 0 0 0 rg BT 102.83 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.70 430.10 Td (market ) Tj ET Q q 0 0 0 rg BT 141.90 430.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 181.99 430.10 Td (based ) Tj ET Q q 0 0 0 rg BT 208.19 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 221.63 430.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 258.95 430.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 295.71 430.10 Td (data ) Tj ET Q q 0 0 0 rg BT 315.81 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.68 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.45 430.10 Td (Company) Tj ET Q q 0 0 0 rg BT 392.11 430.10 Td (s ) Tj ET Q q 0 0 0 rg BT 399.44 430.10 Td (market ) Tj ET Q q 0 0 0 rg BT 430.64 430.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 487.94 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.16 430.10 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 548.68 430.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.11 418.10 Td (units) Tj ET Q q 0 0 0 rg BT 110.14 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.59 418.10 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 156.54 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 165.18 418.10 Td (e ) Tj ET Q q 0 0 0 rg BT 171.07 418.10 Td (reconcile ) Tj ET Q q 0 0 0 rg BT 209.17 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.83 418.10 Td (Company) Tj ET Q q 0 0 0 rg BT 264.50 418.10 Td (s ) Tj ET Q q 0 0 0 rg BT 269.84 418.10 Td (market ) Tj ET Q q 0 0 0 rg BT 299.06 418.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 354.37 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.60 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.27 418.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 422.58 418.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 462.36 418.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 477.68 418.10 Td (value ) Tj ET Q q 0 0 0 rg BT 500.79 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.57 418.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.35 418.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 74.54 406.10 Td (including ) Tj ET Q q 0 0 0 rg BT 114.91 406.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 171.37 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.29 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.33 406.10 Td (control ) Tj ET Q q 0 0 0 rg BT 220.24 406.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 258.94 406.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 310.96 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.77 406.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 366.68 406.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 399.27 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.30 406.10 Td (market ) Tj ET Q q 0 0 0 rg BT 436.66 406.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 482.01 406.10 Td (would ) Tj ET Q q 0 0 0 rg BT 509.60 406.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 526.63 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.00 406.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.66 394.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 102.77 394.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 136.77 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 154.54 394.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 187.31 394.10 Td (control ) Tj ET Q q 0 0 0 rg BT 217.86 394.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 256.19 394.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 293.41 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 315.07 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.51 394.10 Td (dif) Tj ET Q q 0 0 0 rg BT 340.44 394.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 372.08 394.10 Td (between ) Tj ET Q q 0 0 0 rg BT 407.62 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.17 394.10 Td (market ) Tj ET Q q 0 0 0 rg BT 453.16 394.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 509.25 394.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 537.57 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 394.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (average ) Tj ET Q q 0 0 0 rg BT 82.62 382.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 112.48 382.10 Td (price ) Tj ET Q q 0 0 0 rg BT 134.00 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.86 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.73 382.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 181.59 382.10 Td (A) Tj ET Q q 0 0 0 rg BT 188.26 382.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.80 382.10 Td (common ) Tj ET Q q 0 0 0 rg BT 226.33 382.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 248.97 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.17 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.92 382.10 Td (two-week ) Tj ET Q q 0 0 0 rg BT 316.88 382.10 Td (period ) Tj ET Q q 0 0 0 rg BT 343.96 382.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 369.37 382.10 Td (July ) Tj ET Q q 0 0 0 rg BT 387.58 382.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 396.61 382.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 421.48 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.45 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.20 382.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 478.28 382.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 523.68 382.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.95 370.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.68 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.08 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.48 370.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 154.21 370.10 Td (units ) Tj ET Q q 0 0 0 rg BT 175.73 370.10 Td (was ) Tj ET Q q 0 0 0 rg BT 193.36 370.10 Td (within ) Tj ET Q q 0 0 0 rg BT 220.99 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.28 370.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 274.56 370.10 Td (range ) Tj ET Q q 0 0 0 rg BT 298.84 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.24 370.10 Td (average ) Tj ET Q q 0 0 0 rg BT 342.40 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.91 370.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 382.64 370.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 424.71 370.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 462.88 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.95 370.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 514.24 370.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (within ) Tj ET Q q 0 0 0 rg BT 79.66 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.97 358.10 Td (steel-making, ) Tj ET Q q 0 0 0 rg BT 154.22 358.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 179.42 358.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 226.29 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.83 358.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 275.03 358.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 320.22 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 328.86 358.10 Td (e ) Tj ET Q q 0 0 0 rg BT 337.40 358.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 379.82 358.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 415.02 358.10 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 464.10 358.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 492.36 358.10 Td (including ) Tj ET Q q 0 0 0 rg BT 534.23 358.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 95.26 346.10 Td (syner) Tj ET Q q 0 0 0 rg BT 116.74 346.10 Td (gies, ) Tj ET Q q 0 0 0 rg BT 137.85 346.10 Td (which ) Tj ET Q q 0 0 0 rg BT 164.79 346.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 206.72 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.44 346.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 254.49 346.10 Td (control ) Tj ET Q q 0 0 0 rg BT 285.32 346.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 323.92 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.75 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.58 346.10 Td (July ) Tj ET Q q 0 0 0 rg BT 364.75 346.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 374.75 346.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Subsequent ) Tj ET Q q 0 0 0 rg BT 98.42 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.51 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.16 322.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 153.13 322.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 201.54 322.10 Td (test ) Tj ET Q q 0 0 0 rg BT 217.74 322.10 Td (date ) Tj ET Q q 0 0 0 rg BT 236.71 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.35 322.10 Td (July ) Tj ET Q q 0 0 0 rg BT 266.33 322.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 276.15 322.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 298.46 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.21 322.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 339.18 322.10 Td (year) Tj ET Q q 0 0 0 rg BT 356.19 322.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 376.27 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.40 322.10 Td (August ) Tj ET Q q 0 0 0 rg BT 417.61 322.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 432.42 322.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 457.24 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.77 322.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 501.30 322.10 Td (market ) Tj ET Q q 0 0 0 rg BT 531.37 322.10 Td (price ) Tj ET Q q 0 0 0 rg BT 553.67 322.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.43 310.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 90.51 310.10 Td (A) Tj ET Q q 0 0 0 rg BT 97.18 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.27 310.10 Td (common ) Tj ET Q q 0 0 0 rg BT 138.36 310.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 162.57 310.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 199.54 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.41 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.72 310.10 Td (second ) Tj ET Q q 0 0 0 rg BT 256.59 310.10 Td (half ) Tj ET Q q 0 0 0 rg BT 275.23 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.66 310.10 Td (September ) Tj ET Q q 0 0 0 rg BT 332.52 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.05 310.10 Td (during ) Tj ET Q q 0 0 0 rg BT 379.25 310.10 Td (October ) Tj ET Q q 0 0 0 rg BT 414.56 310.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 439.93 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 448.57 310.10 Td (e ) Tj ET Q q 0 0 0 rg BT 456.10 310.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 488.07 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.38 310.10 Td (current ) Tj ET Q q 0 0 0 rg BT 534.79 310.10 Td (quoted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.06 298.10 Td (price ) Tj ET Q q 0 0 0 rg BT 102.35 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.98 298.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.61 298.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 152.07 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 158.74 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.04 298.10 Td (common ) Tj ET Q q 0 0 0 rg BT 198.33 298.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.74 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 230.71 298.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 269.66 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 281.96 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.48 298.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 313.78 298.10 Td (global ) Tj ET Q q 0 0 0 rg BT 341.07 298.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 407.23 298.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 448.96 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.70 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.22 298.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 503.62 298.10 Td (current ) Tj ET Q q 0 0 0 rg BT 534.23 298.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.31 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.72 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.58 286.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 148.33 286.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 188.17 286.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 223.59 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.67 286.10 Td (does ) Tj ET Q q 0 0 0 rg BT 261.64 286.10 Td (not ) Tj ET Q q 0 0 0 rg BT 277.06 286.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 298.58 286.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 326.76 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.61 286.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 387.58 286.10 Td (value ) Tj ET Q q 0 0 0 rg BT 411.88 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.85 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.70 286.10 Td (Company) Tj ET Q q 0 0 0 rg BT 479.37 286.10 Td (s ) Tj ET Q q 0 0 0 rg BT 485.90 286.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 525.20 286.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 549.79 286.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 85.84 274.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 113.93 274.10 Td (industry) Tj ET Q q 0 0 0 rg BT 149.49 274.10 Td (s ) Tj ET Q q 0 0 0 rg BT 155.36 274.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 196.77 274.10 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 252.63 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.05 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.25 274.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 319.10 274.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 356.08 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.39 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.70 274.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 420.07 274.10 Td (However) Tj ET Q q 0 0 0 rg BT 456.32 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 460.80 274.10 Td (if ) Tj ET Q q 0 0 0 rg BT 468.89 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.09 274.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 512.29 274.10 Td (market ) Tj ET Q q 0 0 0 rg BT 542.03 274.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.42 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.84 262.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 99.14 262.10 Td (A) Tj ET Q q 0 0 0 rg BT 105.81 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.89 262.10 Td (common ) Tj ET Q q 0 0 0 rg BT 144.98 262.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 168.18 262.10 Td (were ) Tj ET Q q 0 0 0 rg BT 189.69 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.56 262.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 230.52 262.10 Td (further ) Tj ET Q q 0 0 0 rg BT 259.82 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.24 262.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 300.09 262.10 Td (at ) Tj ET Q q 0 0 0 rg BT 309.39 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.70 262.10 Td (current ) Tj ET Q q 0 0 0 rg BT 354.10 262.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 379.52 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.27 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.79 262.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 439.10 262.10 Td (period ) Tj ET Q q 0 0 0 rg BT 466.74 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.15 262.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 499.52 262.10 Td (this ) Tj ET Q q 0 0 0 rg BT 516.05 262.10 Td (may ) Tj ET Q q 0 0 0 rg BT 535.36 262.10 Td (trigger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 250.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 93.32 250.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 137.47 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.30 250.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 186.36 250.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.30 250.10 Td (could ) Tj ET Q q 0 0 0 rg BT 238.01 250.10 Td (result ) Tj ET Q q 0 0 0 rg BT 262.73 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.01 250.10 Td (future ) Tj ET Q q 0 0 0 rg BT 299.38 250.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 337.44 250.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 386.04 250.10 Td (char) Tj ET Q q 0 0 0 rg BT 403.07 250.10 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Further) Tj ET Q q 0 0 0 rg BT 79.04 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.19 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 95.17 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.27 226.10 Td (result ) Tj ET Q q 0 0 0 rg BT 127.13 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.12 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.99 226.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 188.40 226.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 236.04 226.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 279.78 226.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.21 226.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 335.08 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.95 226.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 389.82 226.10 Td (described ) Tj ET Q q 0 0 0 rg BT 430.79 226.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 459.82 226.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 486.34 226.10 Td (results ) Tj ET Q q 0 0 0 rg BT 515.10 226.10 Td (could ) Tj ET Q q 0 0 0 rg BT 539.97 226.10 Td (dif) Tj ET Q q 0 0 0 rg BT 550.90 226.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.52 214.10 Td (those ) Tj ET Q q 0 0 0 rg BT 96.71 214.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 139.51 214.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 168.70 214.10 Td (events ) Tj ET Q q 0 0 0 rg BT 197.33 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.85 214.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 254.59 214.10 Td (market ) Tj ET Q q 0 0 0 rg BT 285.43 214.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 330.18 214.10 Td (may ) Tj ET Q q 0 0 0 rg BT 350.48 214.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 380.77 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.19 214.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 449.72 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 461.13 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.99 214.10 Td (future ) Tj ET Q q 0 0 0 rg BT 498.95 214.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 533.68 214.10 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.42 202.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 93.77 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.25 202.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 136.72 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.09 202.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.89 202.10 Td (mar) Tj ET Q q 0 0 0 rg BT 202.26 202.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 217.07 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.55 202.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 265.58 202.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 299.91 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.45 202.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 360.20 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.53 202.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 391.13 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.61 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 430.19 202.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 459.44 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.47 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 495.73 202.10 Td (result ) Tj ET Q q 0 0 0 rg BT 519.98 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.80 202.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.64 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.84 190.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 113.91 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.11 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.19 190.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 176.71 190.10 Td (units' ) Tj ET Q q 0 0 0 rg BT 199.82 190.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 215.56 190.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 241.17 190.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 280.81 190.10 Td (we ) Tj ET Q q 0 0 0 rg BT 294.34 190.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 325.07 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.16 190.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 390.47 190.10 Td (used ) Tj ET Q q 0 0 0 rg BT 410.66 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.31 190.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 448.83 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.03 190.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 502.55 190.10 Td (units) Tj ET Q q 0 0 0 rg BT 524.58 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.45 190.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.94 178.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 114.33 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 129.82 178.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 178.35 178.10 Td (it ) Tj ET Q q 0 0 0 rg BT 187.19 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 197.15 178.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 233.21 178.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.49 178.10 Td (market ) Tj ET Q q 0 0 0 rg BT 282.54 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.26 178.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 342.41 178.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 387.36 178.10 Td (could ) Tj ET Q q 0 0 0 rg BT 412.86 178.10 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 458.90 178.10 Td (further ) Tj ET Q q 0 0 0 rg BT 489.39 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.00 178.10 Td (not ) Tj ET Q q 0 0 0 rg BT 517.06 178.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 553.67 178.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (expected. ) Tj ET Q q 0 0 0 rg BT 90.27 166.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 135.91 166.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 171.54 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 182.74 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.04 166.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 209.57 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.76 166.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 258.61 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.80 166.10 Td (market ) Tj ET Q q 0 0 0 rg BT 300.44 166.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 344.97 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.61 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.70 166.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 399.67 166.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 439.74 166.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 475.39 166.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.69 166.10 Td (current ) Tj ET Q q 0 0 0 rg BT 528.88 166.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 557.57 166.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 73.07 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.93 154.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 115.32 154.10 Td (than ) Tj ET Q q 0 0 0 rg BT 135.06 154.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 181.46 154.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.87 154.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 260.38 154.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 313.42 154.10 Td (including ) Tj ET Q q 0 0 0 rg BT 353.72 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.47 154.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 389.31 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.27 154.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 433.23 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.09 154.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 484.38 154.10 Td (mar) Tj ET Q q 0 0 0 rg BT 499.74 154.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 515.05 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.01 154.10 Td (volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 84.33 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 89.80 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.21 142.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 116.85 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.15 142.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 166.10 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.85 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.16 142.10 Td (share ) Tj ET Q q 0 0 0 rg BT 217.23 142.10 Td (price ) Tj ET Q q 0 0 0 rg BT 240.19 142.10 Td (from ) Tj ET Q q 0 0 0 rg BT 262.61 142.10 Td (current ) Tj ET Q q 0 0 0 rg BT 293.90 142.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 320.20 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.83 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.25 142.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 382.44 142.10 Td (period ) Tj ET Q q 0 0 0 rg BT 410.96 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.27 142.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 445.51 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 456.82 142.10 Td (an ) Tj ET Q q 0 0 0 rg BT 469.23 142.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 504.96 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.72 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.91 142.10 Td (market-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (based ) Tj ET Q q 0 0 0 rg BT 73.98 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.31 130.10 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 106.68 130.10 Td (among ) Tj ET Q q 0 0 0 rg BT 135.21 130.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.06 130.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 188.07 130.10 Td (could ) Tj ET Q q 0 0 0 rg BT 211.60 130.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 262.90 130.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 291.42 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 306.05 130.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 353.46 130.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 386.98 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.73 130.10 Td (may ) Tj ET Q q 0 0 0 rg BT 421.25 130.10 Td (result ) Tj ET Q q 0 0 0 rg BT 444.78 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.87 130.10 Td (future ) Tj ET Q q 0 0 0 rg BT 479.05 130.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.91 130.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 118.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 82.86 118.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 102.85 118.10 Td (if ) Tj ET Q q 0 0 0 rg BT 111.46 118.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 149.78 118.10 Td (could ) Tj ET Q q 0 0 0 rg BT 174.49 118.10 Td (have ) Tj ET Q q 0 0 0 rg BT 195.87 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.81 118.10 Td (material ) Tj ET Q q 0 0 0 rg BT 238.07 118.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 271.10 118.10 Td (ef) Tj ET Q q 0 0 0 rg BT 278.69 118.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 296.18 118.10 Td (on ) Tj ET Q q 0 0 0 rg BT 308.68 118.10 Td (our ) Tj ET Q q 0 0 0 rg BT 324.51 118.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.99 118.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 402.26 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.20 118.10 Td (results ) Tj ET Q q 0 0 0 rg BT 447.81 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.64 118.10 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 114.74 97.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 79.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.58 79.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 95.51 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 104.79 79.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 145.18 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 161.68 79.10 Td (inherently ) Tj ET Q q 0 0 0 rg BT 203.73 79.10 Td (possess ) Tj ET Q q 0 0 0 rg BT 235.23 79.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 294.50 79.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 317.28 79.10 Td (T) Tj ET Q q 0 0 0 rg BT 322.69 79.10 Td (o ) Tj ET Q q 0 0 0 rg BT 329.20 79.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 361.80 79.10 Td (these ) Tj ET Q q 0 0 0 rg BT 383.85 79.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 406.74 79.10 Td (we ) Tj ET Q q 0 0 0 rg BT 419.91 79.10 Td (employ ) Tj ET Q q 0 0 0 rg BT 451.40 79.10 Td (both ) Tj ET Q q 0 0 0 rg BT 470.69 79.10 Td (our ) Tj ET Q q 0 0 0 rg BT 485.52 79.10 Td (own ) Tj ET Q q 0 0 0 rg BT 504.25 79.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (staf) Tj ET Q q 0 0 0 rg BT 64.26 67.10 Td (f ) Tj ET Q q 0 0 0 rg BT 69.23 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.30 67.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 115.83 67.10 Td (consultants. ) Tj ET Q q 0 0 0 rg BT 164.96 67.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 226.03 67.10 Td (staf) Tj ET Q q 0 0 0 rg BT 240.29 67.10 Td (f ) Tj ET Q q 0 0 0 rg BT 245.25 67.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.33 67.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 292.39 67.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 332.91 67.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 353.98 67.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 391.71 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.13 67.10 Td (discuss ) Tj ET Q q 0 0 0 rg BT 431.66 67.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 491.05 67.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 513.97 67.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.60 67.10 Td (e ) Tj ET Q q 0 0 0 rg BT 528.68 67.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.97 55.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 98.07 55.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.82 55.10 Td (known ) Tj ET Q q 0 0 0 rg BT 141.14 55.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 200.99 55.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 250.84 55.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 305.14 55.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.67 55.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 349.85 55.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.61 55.10 Td (them ) Tj ET Q q 0 0 0 rg BT 385.70 55.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.79 55.10 Td (an ) Tj ET Q q 0 0 0 rg BT 409.33 55.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 464.75 55.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 486.84 55.10 Td (when ) Tj ET Q q 0 0 0 rg BT 510.60 55.10 Td (it ) Tj ET Q q 0 0 0 rg BT 518.25 55.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.01 55.10 Td (probable ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (41) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.48 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.62 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 102.99 742.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 138.79 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.71 742.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 179.30 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.22 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.92 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 240.61 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.10 742.10 Td (can ) Tj ET Q q 0 0 0 rg BT 279.46 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 291.38 742.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 337.18 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 377.98 742.10 Td (but ) Tj ET Q q 0 0 0 rg BT 393.25 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.95 742.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 436.55 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.36 742.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 486.50 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.20 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 542.01 742.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.40 730.10 Td (unknown. ) Tj ET Q q 0 0 0 rg BT 101.65 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 119.92 730.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 163.74 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.90 730.10 Td (government ) Tj ET Q q 0 0 0 rg BT 231.39 730.10 Td (management ) Tj ET Q q 0 0 0 rg BT 285.21 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.26 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 319.54 730.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 353.92 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.31 730.10 Td (complex, ) Tj ET Q q 0 0 0 rg BT 402.97 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.14 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.54 730.10 Td (one ) Tj ET Q q 0 0 0 rg BT 456.70 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.76 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.70 730.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 517.08 730.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 547.01 730.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (make ) Tj ET Q q 0 0 0 rg BT 74.94 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 83.78 718.10 Td (dif) Tj ET Q q 0 0 0 rg BT 94.71 718.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 119.09 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.16 718.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 157.88 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.38 718.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 192.78 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.39 718.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 242.66 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.39 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 287.55 718.10 Td (remediation. ) Tj ET Q q 0 0 0 rg BT 340.85 718.10 Td (When ) Tj ET Q q 0 0 0 rg BT 368.01 718.10 Td (only ) Tj ET Q q 0 0 0 rg BT 389.07 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.80 718.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 419.52 718.10 Td (range ) Tj ET Q q 0 0 0 rg BT 445.01 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.62 718.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 498.23 718.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 535.40 718.10 Td (can ) Tj ET Q q 0 0 0 rg BT 552.56 718.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 95.90 706.10 Td (established ) Tj ET Q q 0 0 0 rg BT 142.92 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.95 706.10 Td (no ) Tj ET Q q 0 0 0 rg BT 172.54 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 195.67 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 228.26 706.10 Td (within ) Tj ET Q q 0 0 0 rg BT 256.40 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.21 706.10 Td (range ) Tj ET Q q 0 0 0 rg BT 296.00 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 305.26 706.10 Td (better ) Tj ET Q q 0 0 0 rg BT 330.61 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 350.42 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 367.44 706.10 Td (other) Tj ET Q q 0 0 0 rg BT 387.59 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.68 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.48 706.10 Td (low ) Tj ET Q q 0 0 0 rg BT 425.07 706.10 Td (end ) Tj ET Q q 0 0 0 rg BT 442.09 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.01 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.82 706.10 Td (range ) Tj ET Q q 0 0 0 rg BT 492.61 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 501.87 706.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 539.43 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.71 694.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 135.15 694.10 Td (If ) Tj ET Q q 0 0 0 rg BT 144.53 694.10 Td (further ) Tj ET Q q 0 0 0 rg BT 174.47 694.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 232.74 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.79 694.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 286.52 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.57 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 309.74 694.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 370.22 694.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 398.49 694.10 Td (result ) Tj ET Q q 0 0 0 rg BT 423.44 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.94 694.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 455.55 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.71 694.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 532.08 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 694.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 102.55 682.10 Td (dif) Tj ET Q q 0 0 0 rg BT 113.48 682.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 139.35 682.10 Td (than ) Tj ET Q q 0 0 0 rg BT 159.13 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.91 682.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 225.92 682.10 Td (used ) Tj ET Q q 0 0 0 rg BT 246.81 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.14 682.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 291.36 682.10 Td (these ) Tj ET Q q 0 0 0 rg BT 314.47 682.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 356.74 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.52 682.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 402.94 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.16 682.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 477.48 682.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 527.80 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 682.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.44 670.10 Td (understated ) Tj ET Q q 0 0 0 rg BT 140.43 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 150.66 670.10 Td (overstated.) Tj ET Q q 0 0 0 rg BT 196.21 670.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 248.66 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.34 670.10 Td (these ) Tj ET Q q 0 0 0 rg BT 280.79 670.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 319.91 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 334.02 670.10 Td (made ) Tj ET Q q 0 0 0 rg BT 357.57 670.10 Td (when ) Tj ET Q q 0 0 0 rg BT 381.13 670.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 423.02 670.10 Td (information ) Tj ET Q q 0 0 0 rg BT 472.14 670.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 509.02 670.10 Td (available ) Tj ET Q q 0 0 0 rg BT 547.01 670.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 658.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 78.42 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.59 658.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.86 658.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 154.81 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.54 658.10 Td (study ) Tj ET Q q 0 0 0 rg BT 188.16 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.45 658.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 239.82 658.10 Td (any ) Tj ET Q q 0 0 0 rg BT 256.21 658.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 315.92 658.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 341.76 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.04 658.10 Td (when ) Tj ET Q q 0 0 0 rg BT 375.66 658.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 428.70 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 442.31 658.10 Td (which ) Tj ET Q q 0 0 0 rg BT 468.71 658.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 503.41 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 517.57 658.10 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 646.10 Td (made. ) Tj ET Q q 0 0 0 rg BT 91.18 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 109.23 646.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 138.94 646.10 Td (we ) Tj ET Q q 0 0 0 rg BT 153.10 646.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 189.47 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.75 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 646.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 262.51 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.45 646.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 335.26 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.09 646.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 406.35 646.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 446.06 646.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 625.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 625.10 Td (Current ) Tj ET Q q 0 0 0 rg BT 155.71 625.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 205.80 625.10 Td (both ) Tj ET Q q 0 0 0 rg BT 226.74 625.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.11 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.49 625.10 Td (time ) Tj ET Q q 0 0 0 rg BT 273.42 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.80 625.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 323.06 625.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.89 625.10 Td (established ) Tj ET Q q 0 0 0 rg BT 380.49 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.08 625.10 Td (during ) Tj ET Q q 0 0 0 rg BT 427.35 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.73 625.10 Td (course ) Tj ET Q q 0 0 0 rg BT 471.99 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.47 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.85 625.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 553.67 625.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 613.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 172.26 613.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 207.25 613.10 Td (which ) Tj ET Q q 0 0 0 rg BT 234.19 613.10 Td (specify ) Tj ET Q q 0 0 0 rg BT 265.56 613.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 305.83 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.99 613.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 364.68 613.10 Td (remediation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 592.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 172.26 592.10 Td (about ) Tj ET Q q 0 0 0 rg BT 196.98 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.70 592.10 Td (site ) Tj ET Q q 0 0 0 rg BT 228.08 592.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.02 592.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 292.51 592.10 Td (available ) Tj ET Q q 0 0 0 rg BT 331.10 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.93 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.64 592.10 Td (site ) Tj ET Q q 0 0 0 rg BT 373.03 592.10 Td (is ) Tj ET Q q 0 0 0 rg BT 382.20 592.10 Td (studied ) Tj ET Q q 0 0 0 rg BT 413.59 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.53 592.10 Td (remediated;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 571.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 571.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.26 571.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 193.86 571.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 235.35 571.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.40 571.10 Td (senior) Tj ET Q q 0 0 0 rg BT 271.63 571.10 Td (-level ) Tj ET Q q 0 0 0 rg BT 298.12 571.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 332.38 571.10 Td (staf) Tj ET Q q 0 0 0 rg BT 346.63 571.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 356.18 571.10 Td (who ) Tj ET Q q 0 0 0 rg BT 377.12 571.10 Td (take ) Tj ET Q q 0 0 0 rg BT 397.49 571.10 Td (into ) Tj ET Q q 0 0 0 rg BT 416.77 571.10 Td (account ) Tj ET Q q 0 0 0 rg BT 451.58 571.10 Td (similar) Tj ET Q q 0 0 0 rg BT 478.95 571.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.17 571.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 513.31 571.10 Td (instances ) Tj ET Q q 0 0 0 rg BT 553.68 571.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 559.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 182.26 559.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 232.52 559.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 261.41 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.35 559.10 Td (studies ) Tj ET Q q 0 0 0 rg BT 308.63 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.46 559.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.29 559.10 Td (sites, ) Tj ET Q q 0 0 0 rg BT 358.06 559.10 Td (among ) Tj ET Q q 0 0 0 rg BT 387.78 559.10 Td (other ) Tj ET Q q 0 0 0 rg BT 410.83 559.10 Td (considerations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 127.41 538.10 Td (echnologies ) Tj ET Q q 0 0 0 rg BT 177.67 538.10 Td (available ) Tj ET Q q 0 0 0 rg BT 216.26 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.76 538.10 Td (can ) Tj ET Q q 0 0 0 rg BT 250.13 538.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.07 538.10 Td (used ) Tj ET Q q 0 0 0 rg BT 282.90 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.06 538.10 Td (remediation; ) Tj ET Q q 0 0 0 rg BT 350.10 538.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 517.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 517.10 Td (The ) Tj ET Q q 0 0 0 rg BT 139.59 517.10 Td (number ) Tj ET Q q 0 0 0 rg BT 172.19 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.67 517.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.70 517.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 265.52 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.89 517.10 Td (other ) Tj ET Q q 0 0 0 rg BT 298.48 517.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 343.30 517.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 390.89 517.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 419.59 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.08 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.34 517.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 476.82 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.20 517.10 Td (their ) Tj ET Q q 0 0 0 rg BT 507.57 517.10 Td (responsibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 505.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.16 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.88 505.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 173.38 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.21 505.10 Td (study ) Tj ET Q q 0 0 0 rg BT 208.38 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.32 505.10 Td (remediation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.17 484.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 101.88 484.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 162.25 484.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 202.09 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.04 484.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.41 484.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 269.92 484.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.92 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.54 484.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 484.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 342.21 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.11 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.73 484.10 Td (related ) Tj ET Q q 0 0 0 rg BT 403.55 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.95 484.10 Td (third ) Tj ET Q q 0 0 0 rg BT 435.45 484.10 Td (party ) Tj ET Q q 0 0 0 rg BT 458.62 484.10 Td (investigation ) Tj ET Q q 0 0 0 rg BT 512.90 484.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 535.52 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 484.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 86.02 472.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 116.47 472.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 160.26 472.10 Td (site. ) Tj ET Q q 0 0 0 rg BT 178.78 472.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 214.23 472.10 Td (there ) Tj ET Q q 0 0 0 rg BT 236.34 472.10 Td (has ) Tj ET Q q 0 0 0 rg BT 251.80 472.10 Td (not ) Tj ET Q q 0 0 0 rg BT 266.71 472.10 Td (been ) Tj ET Q q 0 0 0 rg BT 287.72 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.29 472.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 351.96 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.42 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.77 472.10 Td (total ) Tj ET Q q 0 0 0 rg BT 396.67 472.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 414.91 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.38 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.72 472.10 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 499.91 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.26 472.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.33 460.10 Td (will ) Tj ET Q q 0 0 0 rg BT 85.23 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 97.00 460.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 135.16 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.71 460.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 182.04 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.71 460.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 222.81 460.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 259.02 460.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 296.34 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.01 460.10 Td (how ) Tj ET Q q 0 0 0 rg BT 326.57 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.13 460.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 363.46 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.13 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.69 460.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 423.80 460.10 Td (investigations ) Tj ET Q q 0 0 0 rg BT 481.69 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.47 460.10 Td (any ) Tj ET Q q 0 0 0 rg BT 515.24 460.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 547.57 460.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.63 448.10 Td (resource ) Tj ET Q q 0 0 0 rg BT 117.37 448.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 155.23 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 173.66 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 185.97 448.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 224.93 448.10 Td (among ) Tj ET Q q 0 0 0 rg BT 255.01 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.10 448.10 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 297.16 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 311.69 448.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 343.43 448.10 Td (it ) Tj ET Q q 0 0 0 rg BT 351.86 448.10 Td (is ) Tj ET Q q 0 0 0 rg BT 361.40 448.10 Td (not ) Tj ET Q q 0 0 0 rg BT 377.05 448.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 412.70 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.35 448.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 469.54 448.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 505.73 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.82 448.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.68 448.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (range ) Tj ET Q q 0 0 0 rg BT 74.84 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.81 436.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 108.44 436.10 Td (which ) Tj ET Q q 0 0 0 rg BT 135.51 436.10 Td (it ) Tj ET Q q 0 0 0 rg BT 143.70 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.01 436.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 178.42 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.38 436.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 235.33 436.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 270.74 436.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.37 436.10 Td (we ) Tj ET Q q 0 0 0 rg BT 302.67 436.10 Td (may ) Tj ET Q q 0 0 0 rg BT 322.52 436.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 345.70 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.11 436.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 402.62 436.10 Td (with ) Tj ET Q q 0 0 0 rg BT 423.03 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.88 436.10 Td (Site, ) Tj ET Q q 0 0 0 rg BT 458.57 436.10 Td (although ) Tj ET Q q 0 0 0 rg BT 496.20 436.10 Td (such ) Tj ET Q q 0 0 0 rg BT 517.17 436.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 539.80 436.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.04 424.10 Td (material ) Tj ET Q q 0 0 0 rg BT 97.41 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.79 424.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.72 424.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.31 424.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 198.64 424.10 Td (results ) Tj ET Q q 0 0 0 rg BT 227.35 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.28 424.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 285.04 424.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.42 424.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.24 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.28 424.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 380.53 424.10 Td (. ) Tj ET Q q 0 0 0 rg BT 385.44 424.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 429.96 424.10 Td (no ) Tj ET Q q 0 0 0 rg BT 442.56 424.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 485.16 424.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 521.65 424.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.13 424.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (accrued. ) Tj ET Q q 0 0 0 rg BT 86.88 412.10 Td (See ) Tj ET Q q 0 0 0 rg BT 104.62 412.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 165.13 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.43 412.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 236.16 412.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.24 412.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 269.98 412.10 Td (1) Tj ET Q q 0 0 0 rg BT 274.61 412.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.61 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.91 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.21 412.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 351.18 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.92 412.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 429.43 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.50 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.02 412.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 482.65 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.73 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.25 412.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.71 400.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 136.09 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.37 400.10 Td (Part ) Tj ET Q q 0 0 0 rg BT 164.98 400.10 Td (II, ) Tj ET Q q 0 0 0 rg BT 176.64 400.10 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 204.97 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.80 400.10 Td (this ) Tj ET Q q 0 0 0 rg BT 232.74 400.10 Td (report.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (Inventories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.78 361.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 116.45 361.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 156.89 361.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 187.90 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.46 361.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 223.78 361.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 249.23 361.10 Td (\(ferrous, ) Tj ET Q q 0 0 0 rg BT 286.61 361.10 Td (nonferrous, ) Tj ET Q q 0 0 0 rg BT 335.66 361.10 Td (processed ) Tj ET Q q 0 0 0 rg BT 378.32 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.98 361.10 Td (unprocessed\), ) Tj ET Q q 0 0 0 rg BT 454.47 361.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 501.02 361.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 543.67 361.10 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (product, ) Tj ET Q q 0 0 0 rg BT 85.57 349.10 Td (used ) Tj ET Q q 0 0 0 rg BT 106.42 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.39 349.10 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 160.89 349.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 198.68 349.10 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 255.64 349.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 276.49 349.10 Td (products ) Tj ET Q q 0 0 0 rg BT 313.45 349.10 Td (\(billets\) ) Tj ET Q q 0 0 0 rg BT 347.08 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.04 349.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 398.78 349.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 419.63 349.10 Td (products ) Tj ET Q q 0 0 0 rg BT 456.59 349.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 499.65 349.10 Td (rebar) Tj ET Q q 0 0 0 rg BT 519.79 349.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.81 349.10 Td (merchant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (bar ) Tj ET Q q 0 0 0 rg BT 64.32 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.31 337.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 99.63 337.10 Td (rod\). ) Tj ET Q q 0 0 0 rg BT 120.34 337.10 Td (Inventories ) Tj ET Q q 0 0 0 rg BT 166.87 337.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.63 337.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 205.51 337.10 Td (at ) Tj ET Q q 0 0 0 rg BT 214.27 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.04 337.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 252.36 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.24 337.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 279.90 337.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.78 337.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 321.48 337.10 Td (W) Tj ET Q q 0 0 0 rg BT 330.12 337.10 Td (e ) Tj ET Q q 0 0 0 rg BT 336.11 337.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 371.53 337.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 411.40 337.10 Td (future ) Tj ET Q q 0 0 0 rg BT 436.83 337.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 465.05 337.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 490.47 337.10 Td (when ) Tj ET Q q 0 0 0 rg BT 513.68 337.10 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.45 325.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 105.01 325.10 Td (net ) Tj ET Q q 0 0 0 rg BT 119.46 325.10 Td (realizable ) Tj ET Q q 0 0 0 rg BT 160.56 325.10 Td (value ) Tj ET Q q 0 0 0 rg BT 184.45 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.34 325.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.91 325.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 251.59 325.10 Td (. ) Tj ET Q q 0 0 0 rg BT 255.83 325.10 Td (As ) Tj ET Q q 0 0 0 rg BT 269.18 325.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 293.65 325.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 333.09 325.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 353.10 325.10 Td (its ) Tj ET Q q 0 0 0 rg BT 364.78 325.10 Td (export ) Tj ET Q q 0 0 0 rg BT 392.57 325.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 428.67 325.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 459.22 325.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 483.67 325.10 Td (under ) Tj ET Q q 0 0 0 rg BT 508.68 325.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.01 325.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.39 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 97.89 313.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 137.39 313.10 Td (within ) Tj ET Q q 0 0 0 rg BT 165.79 313.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 178.63 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.25 313.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 202.09 313.10 Td (days ) Tj ET Q q 0 0 0 rg BT 223.26 313.10 Td (after ) Tj ET Q q 0 0 0 rg BT 244.42 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.48 313.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.30 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.81 313.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 323.80 313.10 Td (we ) Tj ET Q q 0 0 0 rg BT 338.30 313.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 366.13 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.19 313.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 410.70 313.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 437.41 313.10 Td (under ) Tj ET Q q 0 0 0 rg BT 463.02 313.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 508.63 313.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.57 313.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.94 301.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 99.43 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 113.59 301.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 164.41 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.13 301.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 219.95 301.10 Td (market ) Tj ET Q q 0 0 0 rg BT 250.21 301.10 Td (price ) Tj ET Q q 0 0 0 rg BT 272.70 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.53 301.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 324.91 301.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.41 301.10 Td (hand.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.23 280.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 116.78 280.10 Td (process ) Tj ET Q q 0 0 0 rg BT 150.45 280.10 Td (we ) Tj ET Q q 0 0 0 rg BT 165.79 280.10 Td (use ) Tj ET Q q 0 0 0 rg BT 182.80 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.25 280.10 Td (record ) Tj ET Q q 0 0 0 rg BT 223.47 280.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 249.36 280.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 291.92 280.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 317.26 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 330.94 280.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.83 280.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 419.95 280.10 Td (W) Tj ET Q q 0 0 0 rg BT 428.99 280.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 443.23 280.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 475.22 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.68 280.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 539.79 280.10 Td (metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (inventory) Tj ET Q q 0 0 0 rg BT 87.68 268.10 Td (, ) Tj ET Q q 0 0 0 rg BT 92.63 268.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.74 268.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 124.73 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.18 268.10 Td (weighed ) Tj ET Q q 0 0 0 rg BT 173.51 268.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 214.84 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.29 268.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.95 268.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 281.04 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 293.49 268.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 334.26 268.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 370.60 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 388.04 268.10 Td (are ) Tj ET Q q 0 0 0 rg BT 402.70 268.10 Td (moved ) Tj ET Q q 0 0 0 rg BT 432.37 268.10 Td (into ) Tj ET Q q 0 0 0 rg BT 450.38 268.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 498.47 268.10 Td (These ) Tj ET Q q 0 0 0 rg BT 524.80 268.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 76.78 256.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 116.89 256.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 159.76 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.99 256.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 201.66 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 218.45 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.44 256.10 Td (based ) Tj ET Q q 0 0 0 rg BT 257.00 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 268.79 256.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 307.79 256.10 Td (trends. ) Tj ET Q q 0 0 0 rg BT 336.52 256.10 Td (Over ) Tj ET Q q 0 0 0 rg BT 358.29 256.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 380.36 256.10 Td (these ) Tj ET Q q 0 0 0 rg BT 402.69 256.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 441.69 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.69 256.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 500.79 256.10 Td (good ) Tj ET Q q 0 0 0 rg BT 522.58 256.10 Td (indicators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.23 244.10 Td (what ) Tj ET Q q 0 0 0 rg BT 83.57 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.14 244.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 136.59 244.10 Td (produced; ) Tj ET Q q 0 0 0 rg BT 179.48 244.10 Td (however) Tj ET Q q 0 0 0 rg BT 213.51 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.91 244.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 245.68 244.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 289.67 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.01 244.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 333.80 244.10 Td (can ) Tj ET Q q 0 0 0 rg BT 350.58 244.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 371.25 244.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 415.81 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.71 244.10 Td (product ) Tj ET Q q 0 0 0 rg BT 462.16 244.10 Td (quality) Tj ET Q q 0 0 0 rg BT 489.28 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 494.68 244.10 Td (moisture ) Tj ET Q q 0 0 0 rg BT 532.58 244.10 Td (content ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.96 232.10 Td (source ) Tj ET Q q 0 0 0 rg BT 95.58 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.44 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.18 232.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 173.13 232.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 200.37 232.10 Td (If ) Tj ET Q q 0 0 0 rg BT 209.55 232.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 244.84 232.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 288.45 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.41 232.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 331.82 232.10 Td (are ) Tj ET Q q 0 0 0 rg BT 346.55 232.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 399.06 232.10 Td (dif) Tj ET Q q 0 0 0 rg BT 409.99 232.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 435.83 232.10 Td (than ) Tj ET Q q 0 0 0 rg BT 455.57 232.10 Td (estimated, ) Tj ET Q q 0 0 0 rg BT 498.92 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.66 232.10 Td (value ) Tj ET Q q 0 0 0 rg BT 537.83 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.69 232.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 89.71 220.10 Td (could ) Tj ET Q q 0 0 0 rg BT 113.31 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.13 220.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 166.05 220.10 Td (overstated ) Tj ET Q q 0 0 0 rg BT 208.53 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 218.24 220.10 Td (understated. ) Tj ET Q q 0 0 0 rg BT 268.12 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 273.53 220.10 Td (o ) Tj ET Q q 0 0 0 rg BT 279.91 220.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 302.96 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.13 220.10 Td (validating ) Tj ET Q q 0 0 0 rg BT 353.50 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.10 220.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 428.46 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.17 220.10 Td (these ) Tj ET Q q 0 0 0 rg BT 460.10 220.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 501.20 220.10 Td (we ) Tj ET Q q 0 0 0 rg BT 514.24 220.10 Td (periodically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (review ) Tj ET Q q 0 0 0 rg BT 79.78 208.10 Td (shrink ) Tj ET Q q 0 0 0 rg BT 107.36 208.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 137.15 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.16 208.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 188.95 208.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 224.86 208.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 260.76 208.10 Td (inventory ) Tj ET Q q 0 0 0 rg BT 301.66 208.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 343.95 208.10 Td (However) Tj ET Q q 0 0 0 rg BT 380.20 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 385.28 208.10 Td (due ) Tj ET Q q 0 0 0 rg BT 402.29 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.65 208.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 454.66 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.02 208.10 Td (product ) Tj ET Q q 0 0 0 rg BT 498.14 208.10 Td (density) Tj ET Q q 0 0 0 rg BT 526.38 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 531.45 208.10 Td (holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.59 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.08 196.10 Td (production ) Tj ET Q q 0 0 0 rg BT 139.45 196.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 179.81 196.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 211.85 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.67 196.10 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 273.69 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.95 196.10 Td (product, ) Tj ET Q q 0 0 0 rg BT 323.05 196.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 358.42 196.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 404.90 196.10 Td (will ) Tj ET Q q 0 0 0 rg BT 422.50 196.10 Td (not ) Tj ET Q q 0 0 0 rg BT 437.32 196.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 483.79 196.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 509.71 196.10 Td (all ) Tj ET Q q 0 0 0 rg BT 521.75 196.10 Td (variances. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 184.10 Td (o ) Tj ET Q q 0 0 0 rg BT 62.73 184.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 97.81 184.10 Td (this ) Tj ET Q q 0 0 0 rg BT 114.58 184.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 134.39 184.10 Td (we ) Tj ET Q q 0 0 0 rg BT 148.37 184.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 174.58 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.11 184.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 219.75 184.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 255.39 184.10 Td (inventories ) Tj ET Q q 0 0 0 rg BT 302.14 184.10 Td (when ) Tj ET Q q 0 0 0 rg BT 326.12 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.65 184.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 372.96 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.61 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.36 184.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 438.23 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 447.22 184.10 Td (low ) Tj ET Q q 0 0 0 rg BT 464.54 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.29 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.05 184.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 523.69 184.10 Td (inventory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (count ) Tj ET Q q 0 0 0 rg BT 74.72 172.10 Td (can ) Tj ET Q q 0 0 0 rg BT 91.09 172.10 Td (more ) Tj ET Q q 0 0 0 rg BT 114.14 172.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 157.72 172.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 193.54 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.26 172.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 251.30 172.10 Td (volume.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.92 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.94 130.10 Td (business ) Tj ET Q q 0 0 0 rg BT 101.42 130.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 155.49 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 168.74 130.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 209.19 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.99 130.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.91 130.10 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 286.42 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.22 130.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 339.02 130.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 377.55 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.57 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 409.60 130.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 470.06 130.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 504.97 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.34 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.14 130.10 Td (acquiree ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.69 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.37 118.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 120.72 118.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 142.35 118.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 183.13 118.10 Td (at ) Tj ET Q q 0 0 0 rg BT 192.82 118.10 Td (their ) Tj ET Q q 0 0 0 rg BT 213.62 118.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 229.96 118.10 Td (values ) Tj ET Q q 0 0 0 rg BT 257.98 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.78 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.58 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.04 118.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 318.67 118.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 358.34 118.10 Td (using ) Tj ET Q q 0 0 0 rg BT 382.48 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.39 118.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 445.72 118.10 Td (income ) Tj ET Q q 0 0 0 rg BT 477.62 118.10 Td (approach. ) Tj ET Q q 0 0 0 rg BT 519.24 118.10 Td (Measuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.03 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.17 106.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 133.09 106.10 Td (at ) Tj ET Q q 0 0 0 rg BT 143.00 106.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 159.58 106.10 Td (value ) Tj ET Q q 0 0 0 rg BT 183.94 106.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 218.84 106.10 Td (us ) Tj ET Q q 0 0 0 rg BT 230.43 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.91 106.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 283.59 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.51 106.10 Td (price ) Tj ET Q q 0 0 0 rg BT 321.20 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.89 106.10 Td (would ) Tj ET Q q 0 0 0 rg BT 366.59 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 378.73 106.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 398.65 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 411.35 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 418.49 106.10 Td (third ) Tj ET Q q 0 0 0 rg BT 440.07 106.10 Td (party ) Tj ET Q q 0 0 0 rg BT 463.32 106.10 Td (market ) Tj ET Q q 0 0 0 rg BT 493.78 106.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 539.24 106.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.92 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.06 94.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 109.87 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.23 94.10 Td (best ) Tj ET Q q 0 0 0 rg BT 146.26 94.10 Td (use ) Tj ET Q q 0 0 0 rg BT 162.51 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.77 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.91 94.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 215.16 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.41 94.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 262.66 94.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 302.29 94.10 Td (W) Tj ET Q q 0 0 0 rg BT 310.93 94.10 Td (e ) Tj ET Q q 0 0 0 rg BT 318.29 94.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 346.20 94.10 Td (management ) Tj ET Q q 0 0 0 rg BT 400.22 94.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 440.35 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 458.27 94.10 Td (incorporate ) Tj ET Q q 0 0 0 rg BT 506.72 94.10 Td (input ) Tj ET Q q 0 0 0 rg BT 530.20 94.10 Td (from ) Tj ET Q q 0 0 0 rg BT 552.56 94.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 101.10 82.10 Td (third ) Tj ET Q q 0 0 0 rg BT 122.22 82.10 Td (party ) Tj ET Q q 0 0 0 rg BT 145.00 82.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 184.45 82.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 203.90 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.91 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 229.47 82.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 287.24 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.81 82.10 Td (these ) Tj ET Q q 0 0 0 rg BT 320.59 82.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 336.70 82.10 Td (values. ) Tj ET Q q 0 0 0 rg BT 366.98 82.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 389.21 82.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 428.65 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.32 82.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 488.66 82.10 Td (require ) Tj ET Q q 0 0 0 rg BT 519.21 82.10 Td (us ) Tj ET Q q 0 0 0 rg BT 530.33 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.35 82.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.93 70.10 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 149.59 70.10 Td (including ) Tj ET Q q 0 0 0 rg BT 190.08 70.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 237.23 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.28 70.10 Td (future ) Tj ET Q q 0 0 0 rg BT 274.87 70.10 Td (events ) Tj ET Q q 0 0 0 rg BT 303.14 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.29 70.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 360.77 70.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 414.01 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.16 70.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 482.20 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.13 70.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 528.74 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 545.89 70.10 Td (best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (use ) Tj ET Q q 0 0 0 rg BT 65.83 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 76.66 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.38 58.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.21 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.04 58.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 163.86 58.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 202.73 58.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 251.90 58.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 274.40 58.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.11 58.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 328.81 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 339.64 58.10 Td (incurred.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (42) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 724.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.02 724.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 107.83 724.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 142.42 724.25 Td (when ) Tj ET Q q 0 0 0 rg BT 167.03 724.25 Td (we ) Tj ET Q q 0 0 0 rg BT 181.63 724.25 Td (have ) Tj ET Q q 0 0 0 rg BT 203.46 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 210.84 724.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 245.99 724.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.26 724.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 295.75 724.25 Td (order ) Tj ET Q q 0 0 0 rg BT 319.79 724.25 Td (from ) Tj ET Q q 0 0 0 rg BT 342.18 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 349.56 724.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 389.16 724.25 Td (with ) Tj ET Q q 0 0 0 rg BT 409.89 724.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.27 724.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 440.76 724.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 466.19 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.36 724.25 Td (title ) Tj ET Q q 0 0 0 rg BT 499.85 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.24 724.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 535.18 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 546.46 724.25 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 83.41 712.25 Td (to ) Tj ET Q q 0 0 0 rg BT 94.07 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.16 712.25 Td (buyer ) Tj ET Q q 0 0 0 rg BT 134.81 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.13 712.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 205.55 712.25 Td (is ) Tj ET Q q 0 0 0 rg BT 215.09 712.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 261.29 712.25 Td (assured. ) Tj ET Q q 0 0 0 rg BT 296.45 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 302.20 712.25 Td (itle ) Tj ET Q q 0 0 0 rg BT 317.85 712.25 Td (for ) Tj ET Q q 0 0 0 rg BT 332.39 712.25 Td (both ) Tj ET Q q 0 0 0 rg BT 353.05 712.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 378.14 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.45 712.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 430.55 712.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 451.75 712.25 Td (products ) Tj ET Q q 0 0 0 rg BT 489.06 712.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 526.37 712.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.02 712.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 84.76 700.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 111.47 700.25 Td (A) Tj ET Q q 0 0 0 rg BT 118.14 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.69 700.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 165.46 700.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 196.90 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.78 700.25 Td (our ) Tj ET Q q 0 0 0 rg BT 223.67 700.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 254.55 700.25 Td (export ) Tj ET Q q 0 0 0 rg BT 282.65 700.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 304.64 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.53 700.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 351.94 700.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 376.71 700.25 Td (are ) Tj ET Q q 0 0 0 rg BT 391.47 700.25 Td (made ) Tj ET Q q 0 0 0 rg BT 415.68 700.25 Td (with ) Tj ET Q q 0 0 0 rg BT 436.02 700.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 463.01 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.89 700.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 501.71 700.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 539.25 700.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 70.68 688.25 Td (However) Tj ET Q q 0 0 0 rg BT 106.93 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 112.62 688.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 151.90 688.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 188.95 688.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 220.45 688.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 245.85 688.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 270.97 688.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 317.48 688.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 340.10 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.72 688.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 380.34 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.86 688.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 427.26 688.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 448.76 688.25 Td (are ) Tj ET Q q 0 0 0 rg BT 464.16 688.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 504.54 688.25 Td (made ) Tj ET Q q 0 0 0 rg BT 529.38 688.25 Td (on ) Tj ET Q q 0 0 0 rg BT 542.56 688.25 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (account. ) Tj ET Q q 0 0 0 rg BT 86.17 676.25 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 134.28 676.25 Td (export ) Tj ET Q q 0 0 0 rg BT 162.40 676.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 184.41 676.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 221.97 676.25 Td (require ) Tj ET Q q 0 0 0 rg BT 252.86 676.25 Td (a ) Tj ET Q q 0 0 0 rg BT 259.87 676.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 291.33 676.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 313.34 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.69 676.25 Td (shipment. ) Tj ET Q q 0 0 0 rg BT 364.86 676.25 Td (All ) Tj ET Q q 0 0 0 rg BT 380.21 676.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 402.22 676.25 Td (made ) Tj ET Q q 0 0 0 rg BT 426.45 676.25 Td (on ) Tj ET Q q 0 0 0 rg BT 439.02 676.25 Td (open ) Tj ET Q q 0 0 0 rg BT 461.03 676.25 Td (account ) Tj ET Q q 0 0 0 rg BT 494.70 676.25 Td (are ) Tj ET Q q 0 0 0 rg BT 509.48 676.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 550.36 676.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 103.08 664.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 125.06 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.38 664.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 169.57 664.25 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 219.59 664.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 269.50 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 274.54 664.25 Td (when ) Tj ET Q q 0 0 0 rg BT 298.74 664.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 332.93 664.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 378.80 664.25 Td (support ) Tj ET Q q 0 0 0 rg BT 411.34 664.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 445.53 664.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 493.61 664.25 Td (based ) Tj ET Q q 0 0 0 rg BT 518.92 664.25 Td (on ) Tj ET Q q 0 0 0 rg BT 531.46 664.25 Td (transfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.23 652.25 Td (title ) Tj ET Q q 0 0 0 rg BT 79.68 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 97.02 652.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 114.92 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.15 652.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 144.61 652.25 Td (we ) Tj ET Q q 0 0 0 rg BT 159.17 652.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 200.93 652.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 239.37 652.25 Td (on ) Tj ET Q q 0 0 0 rg BT 252.27 652.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 288.49 652.25 Td (loaded ) Tj ET Q q 0 0 0 rg BT 318.04 652.25 Td (shipments, ) Tj ET Q q 0 0 0 rg BT 364.00 652.25 Td (which ) Tj ET Q q 0 0 0 rg BT 391.33 652.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 426.44 652.25 Td (an ) Tj ET Q q 0 0 0 rg BT 438.78 652.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 475.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.23 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 501.34 652.25 Td (product ) Tj ET Q q 0 0 0 rg BT 534.79 652.25 Td (weight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 88.53 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.84 640.25 Td (any ) Tj ET Q q 0 0 0 rg BT 117.81 640.25 Td (partial ) Tj ET Q q 0 0 0 rg BT 146.88 640.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 190.97 640.25 Td (at ) Tj ET Q q 0 0 0 rg BT 201.72 640.25 Td (period ) Tj ET Q q 0 0 0 rg BT 230.80 640.25 Td (end. ) Tj ET Q q 0 0 0 rg BT 251.27 640.25 Td (For ) Tj ET Q q 0 0 0 rg BT 267.91 640.25 Td (APB, ) Tj ET Q q 0 0 0 rg BT 293.40 640.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 317.47 640.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 356.54 640.25 Td (are ) Tj ET Q q 0 0 0 rg BT 372.28 640.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 419.67 640.25 Td (when ) Tj ET Q q 0 0 0 rg BT 444.86 640.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 488.94 640.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 506.91 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 522.10 640.25 Td (parts, ) Tj ET Q q 0 0 0 rg BT 547.57 640.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 91.94 628.25 Td (product ) Tj ET Q q 0 0 0 rg BT 124.43 628.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 161.92 628.25 Td (are ) Tj ET Q q 0 0 0 rg BT 176.08 628.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 221.89 628.25 Td (when ) Tj ET Q q 0 0 0 rg BT 245.50 628.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 284.11 628.25 Td (weight ) Tj ET Q q 0 0 0 rg BT 313.28 628.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 359.08 628.25 Td (are ) Tj ET Q q 0 0 0 rg BT 373.24 628.25 Td (received ) Tj ET Q q 0 0 0 rg BT 409.06 628.25 Td (following ) Tj ET Q q 0 0 0 rg BT 449.89 628.25 Td (shipment. ) Tj ET Q q 0 0 0 rg BT 491.01 628.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 537.57 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 542.02 628.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (have ) Tj ET Q q 0 0 0 rg BT 70.87 616.25 Td (been ) Tj ET Q q 0 0 0 rg BT 91.73 616.25 Td (very ) Tj ET Q q 0 0 0 rg BT 111.49 616.25 Td (few ) Tj ET Q q 0 0 0 rg BT 128.47 616.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 149.90 616.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 179.65 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.08 616.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 245.84 616.25 Td (that ) Tj ET Q q 0 0 0 rg BT 262.83 616.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 292.03 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.23 616.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 340.99 616.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 382.41 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.73 616.25 Td (revenues; ) Tj ET Q q 0 0 0 rg BT 433.03 616.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 473.60 616.25 Td (no ) Tj ET Q q 0 0 0 rg BT 485.59 616.25 Td (material ) Tj ET Q q 0 0 0 rg BT 520.34 616.25 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.12 604.25 Td (been ) Tj ET Q q 0 0 0 rg BT 92.24 604.25 Td (made ) Tj ET Q q 0 0 0 rg BT 116.14 604.25 Td (when ) Tj ET Q q 0 0 0 rg BT 140.05 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.51 604.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 172.30 604.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.22 604.25 Td (recognized.) Tj ET Q q 0 0 0 rg BT 229.90 604.25 Td (W) Tj ET Q q 0 0 0 rg BT 238.54 604.25 Td (e ) Tj ET Q q 0 0 0 rg BT 245.22 604.25 Td (present ) Tj ET Q q 0 0 0 rg BT 276.34 604.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 299.14 604.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 335.26 604.25 Td (by ) Tj ET Q q 0 0 0 rg BT 347.51 604.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 404.73 604.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 449.19 604.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 487.52 604.25 Td (from ) Tj ET Q q 0 0 0 rg BT 509.21 604.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 552.00 604.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.80 592.25 Td (net ) Tj ET Q q 0 0 0 rg BT 71.38 592.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 96.07 592.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 140.34 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.92 592.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 177.83 592.25 Td (are ) Tj ET Q q 0 0 0 rg BT 192.40 592.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 230.85 592.25 Td (from ) Tj ET Q q 0 0 0 rg BT 252.65 592.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 286.66 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.46 592.25 Td (are ) Tj ET Q q 0 0 0 rg BT 318.02 592.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 346.50 592.25 Td (as ) Tj ET Q q 0 0 0 rg BT 357.19 592.25 Td (a ) Tj ET Q q 0 0 0 rg BT 363.99 592.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 397.46 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.82 592.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.51 592.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 480.64 592.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 515.21 592.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 543.67 592.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (remitted. ) Tj ET Q q 0 0 0 rg BT 88.32 580.25 Td (See ) Tj ET Q q 0 0 0 rg BT 105.26 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.98 580.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 164.15 580.25 Td (on ) Tj ET Q q 0 0 0 rg BT 176.65 580.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 201.91 580.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 219.41 580.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 260.78 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.06 580.25 Td (Item7A) Tj ET Q q 0 0 0 rg BT 303.55 580.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.05 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.88 580.25 Td (this ) Tj ET Q q 0 0 0 rg BT 333.83 580.25 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.89 559.25 Td (Accounting Standards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (For ) Tj ET Q q 0 0 0 rg BT 66.34 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.23 538.25 Td (description ) Tj ET Q q 0 0 0 rg BT 120.11 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 130.89 538.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 157.77 538.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 204.09 538.25 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 272.63 538.25 Td (that ) Tj ET Q q 0 0 0 rg BT 290.08 538.25 Td (may ) Tj ET Q q 0 0 0 rg BT 309.75 538.25 Td (have ) Tj ET Q q 0 0 0 rg BT 331.07 538.25 Td (an ) Tj ET Q q 0 0 0 rg BT 342.96 538.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 372.63 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 385.08 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 400.86 538.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 438.29 538.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 481.01 538.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.57 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.35 538.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.74 526.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 80.92 526.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 108.05 526.25 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.23 526.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 145.08 526.25 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.08 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.49 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.90 526.25 Td (Recent ) Tj ET Q q 0 0 0 rg BT 189.54 526.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 238.60 526.25 Td (Pronouncements ) Tj ET Q q 0 0 0 rg BT 307.67 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.85 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.48 526.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 358.22 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.41 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.04 526.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 438.22 526.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.84 526.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 524.13 526.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.32 526.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 552.84 526.25 Td (II, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 78.33 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.16 514.25 Td (this ) Tj ET Q q 0 0 0 rg BT 106.10 514.25 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 98.39 490.25 Td ( Financial Measur) Tj ET Q q 0 0 0 rg BT 175.98 490.25 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 469.25 Td (Debt, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 451.25 Td (Debt, ) Tj ET Q q 0 0 0 rg BT 73.51 451.25 Td (net ) Tj ET Q q 0 0 0 rg BT 87.80 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.20 451.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.04 451.25 Td (is ) Tj ET Q q 0 0 0 rg BT 126.79 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.08 451.25 Td (dif) Tj ET Q q 0 0 0 rg BT 152.00 451.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 183.49 451.25 Td (between ) Tj ET Q q 0 0 0 rg BT 218.88 451.25 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 245.11 451.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 263.85 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.25 451.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 315.76 451.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 335.05 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 351.56 451.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 395.29 451.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 414.58 451.25 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 434.70 451.25 Td (total ) Tj ET Q q 0 0 0 rg BT 454.54 451.25 Td (debt\) ) Tj ET Q q 0 0 0 rg BT 477.16 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.67 451.25 Td (\(ii\)cash ) Tj ET Q q 0 0 0 rg BT 528.23 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.74 451.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 439.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 99.71 439.25 Td (W) Tj ET Q q 0 0 0 rg BT 108.35 439.25 Td (e ) Tj ET Q q 0 0 0 rg BT 115.12 439.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 146.33 439.25 Td (that ) Tj ET Q q 0 0 0 rg BT 163.66 439.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 185.72 439.25 Td (net ) Tj ET Q q 0 0 0 rg BT 200.27 439.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.94 439.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.04 439.25 Td (is ) Tj ET Q q 0 0 0 rg BT 240.05 439.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.82 439.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 273.60 439.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 309.25 439.25 Td (for ) Tj ET Q q 0 0 0 rg BT 323.24 439.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 361.69 439.25 Td (because, ) Tj ET Q q 0 0 0 rg BT 398.17 439.25 Td (as ) Tj ET Q q 0 0 0 rg BT 408.84 439.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 428.94 439.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.72 439.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.82 439.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 513.70 439.25 Td (can ) Tj ET Q q 0 0 0 rg BT 529.91 439.25 Td (be ) Tj ET Q q 0 0 0 rg BT 541.69 439.25 Td (used, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.25 Td (among ) Tj ET Q q 0 0 0 rg BT 79.22 427.25 Td (other ) Tj ET Q q 0 0 0 rg BT 102.26 427.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 131.71 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 141.99 427.25 Td (repay ) Tj ET Q q 0 0 0 rg BT 166.70 427.25 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 223.35 427.25 Td (netting ) Tj ET Q q 0 0 0 rg BT 253.63 427.25 Td (this ) Tj ET Q q 0 0 0 rg BT 270.57 427.25 Td (against ) Tj ET Q q 0 0 0 rg BT 301.40 427.25 Td (total ) Tj ET Q q 0 0 0 rg BT 321.67 427.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 341.39 427.25 Td (is ) Tj ET Q q 0 0 0 rg BT 350.56 427.25 Td (a ) Tj ET Q q 0 0 0 rg BT 357.50 427.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 384.44 427.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 420.25 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.08 427.25 Td (our ) Tj ET Q q 0 0 0 rg BT 446.91 427.25 Td (leverage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 406.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 118.10 406.25 Td (a ) Tj ET Q q 0 0 0 rg BT 125.04 406.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 182.52 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.35 406.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 215.56 406.25 Td (net ) Tj ET Q q 0 0 0 rg BT 230.28 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.11 406.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 261.38 406.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 274.99 406.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 381.75 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 381.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 381.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 381.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 381.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 351.75 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 351.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 351.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 351.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 351.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 321.75 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.00 321.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.00 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.00 321.75 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 321.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.00 321.75 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 381.75 m 404 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 381.75 m 483 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 381.75 m 562 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 381.75 m 404 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 381.75 m 483 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 381.75 m 562 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 351.75 m 404 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 351.75 m 483 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 351.75 m 562 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 321.75 m 404 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 321.75 m 483 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 321.75 m 562 321.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329 321.75 m 404 321.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329 306.75 m 404 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 321.75 m 483 321.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 408 306.75 m 483 306.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 487 306.75 m 562 306.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.95 386.43 Td (August 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.95 386.43 Td (August 31, 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.95 386.43 Td (August 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 372.32 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.50 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 371.42 Td (523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 371.42 Td (9,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 371.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 371.42 Td (683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 357.32 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 356.42 Td (318,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 356.42 Td (372,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 356.42 Td (334,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 342.32 Td (Total debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 341.42 Td (319,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 341.42 Td (381,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 341.42 Td (335,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 327.32 Td (Less: cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.65 326.42 Td (25,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 326.42 Td (13,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 326.42 Td (89,863) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 312.32 Td (Total debt, net of cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.50 311.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.65 311.42 Td (293,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 311.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 311.42 Td (368,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 311.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 311.42 Td (245,449) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (Net borrowings \(repayment\) of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.26 268.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 114.14 268.25 Td (\(repayment\) ) Tj ET Q q 0 0 0 rg BT 165.33 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.99 268.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 195.53 268.25 Td (is ) Tj ET Q q 0 0 0 rg BT 204.52 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.07 268.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 238.06 268.25 Td (ofborrowings ) Tj ET Q q 0 0 0 rg BT 296.77 268.25 Td (from ) Tj ET Q q 0 0 0 rg BT 318.53 268.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 360.29 268.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 382.33 268.25 Td (repayments ) Tj ET Q q 0 0 0 rg BT 430.75 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 441.41 268.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 483.17 268.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 505.21 268.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 543.07 268.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (line ) Tj ET Q q 0 0 0 rg BT 67.41 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.66 256.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 106.84 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.20 256.25 Td (repayment ) Tj ET Q q 0 0 0 rg BT 169.32 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.56 256.25 Td (line ) Tj ET Q q 0 0 0 rg BT 198.48 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.72 256.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 237.69 256.25 Td (W) Tj ET Q q 0 0 0 rg BT 246.33 256.25 Td (e ) Tj ET Q q 0 0 0 rg BT 253.69 256.25 Td (present ) Tj ET Q q 0 0 0 rg BT 285.48 256.25 Td (this ) Tj ET Q q 0 0 0 rg BT 302.85 256.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 335.76 256.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.01 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.14 256.25 Td (net ) Tj ET Q q 0 0 0 rg BT 377.28 256.25 Td (change ) Tj ET Q q 0 0 0 rg BT 408.51 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.21 256.25 Td (our ) Tj ET Q q 0 0 0 rg BT 435.45 256.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 483.92 256.25 Td (\(repayment\) ) Tj ET Q q 0 0 0 rg BT 535.70 256.25 Td (for ) Tj ET Q q 0 0 0 rg BT 550.28 256.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.55 244.25 Td (because ) Tj ET Q q 0 0 0 rg BT 111.69 244.25 Td (we ) Tj ET Q q 0 0 0 rg BT 125.85 244.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 157.22 244.25 Td (it ) Tj ET Q q 0 0 0 rg BT 165.28 244.25 Td (is ) Tj ET Q q 0 0 0 rg BT 174.45 244.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 201.39 244.25 Td (for ) Tj ET Q q 0 0 0 rg BT 215.55 244.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 254.16 244.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.99 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 271.93 244.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 319.97 244.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 371.34 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.17 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.89 244.25 Td (change ) Tj ET Q q 0 0 0 rg BT 427.70 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.98 244.25 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (The following is a reconciliation of net borrowings \(repayment\) of debt \(in thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 208.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 208.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 208.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 208.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 178.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 178.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 178.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 178.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 178.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 178.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 148.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 148.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 148.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 148.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 148.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 148.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 208.75 m 434 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 208.75 m 498 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 208.75 m 562 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 208.75 m 434 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 208.75 m 498 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 208.75 m 562 208.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 148.75 m 434 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 148.75 m 498 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 148.75 m 562 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 148.75 m 434 148.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 133.75 m 434 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 148.75 m 498 148.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 133.75 m 498 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 148.75 m 562 148.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 133.75 m 562 133.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.75 212.48 Td (Fiscal 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.75 212.48 Td (Fiscal 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.75 212.48 Td (Fiscal 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 199.32 Td (Borrowings from long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 198.42 Td (313,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 198.42 Td (265,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 198.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 198.42 Td (439,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 184.32 Td (Proceeds from line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 183.42 Td (469,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 183.42 Td (545,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 183.42 Td (495,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 169.32 Td (Repayment of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 168.47 Td (\(368,496) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 168.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 168.47 Td (\(230,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 168.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 168.47 Td (\(507,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 168.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 154.32 Td (Repayment of line of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 153.47 Td (\(478,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 153.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 153.47 Td (\(537,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.15 153.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 153.47 Td (\(495,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 153.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 139.32 Td (Net borrowings \(repayment\) of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.50 138.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.30 138.47 Td (\(63,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 138.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.50 138.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 138.42 Td (43,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.50 138.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 138.47 Td (\(68,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 138.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (Adjusted operating income \(loss\), adjusted net income \(loss\) and adjusted diluted earnings per share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 92.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.80 92.25 Td (present ) Tj ET Q q 0 0 0 rg BT 95.91 92.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 131.46 92.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 184.23 92.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 224.22 92.25 Td (income ) Tj ET Q q 0 0 0 rg BT 255.88 92.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 280.33 92.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.99 92.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 332.54 92.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 372.53 92.25 Td (income ) Tj ET Q q 0 0 0 rg BT 404.19 92.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 428.64 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 442.53 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.97 92.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 481.43 92.25 Td (segment ) Tj ET Q q 0 0 0 rg BT 516.98 92.25 Td (because ) Tj ET Q q 0 0 0 rg BT 550.85 92.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 80.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.93 80.25 Td (these ) Tj ET Q q 0 0 0 rg BT 104.04 80.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 143.80 80.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 176.91 80.25 Td (a ) Tj ET Q q 0 0 0 rg BT 183.90 80.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 232.00 80.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 283.44 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.32 80.25 Td (our ) Tj ET Q q 0 0 0 rg BT 310.21 80.25 Td (results ) Tj ET Q q 0 0 0 rg BT 338.88 80.25 Td (from ) Tj ET Q q 0 0 0 rg BT 360.88 80.25 Td (our ) Tj ET Q q 0 0 0 rg BT 376.77 80.25 Td (core ) Tj ET Q q 0 0 0 rg BT 396.53 80.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 442.42 80.25 Td (business ) Tj ET Q q 0 0 0 rg BT 478.87 80.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 523.08 80.25 Td (excluding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 100.26 68.25 Td (for ) Tj ET Q q 0 0 0 rg BT 114.91 68.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 153.45 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.87 68.25 Td (other ) Tj ET Q q 0 0 0 rg BT 194.40 68.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 216.83 68.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 265.91 68.25 Td (char) Tj ET Q q 0 0 0 rg BT 282.94 68.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 299.26 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.68 68.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 370.76 68.25 Td (char) Tj ET Q q 0 0 0 rg BT 387.79 68.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 404.10 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.53 68.25 Td (other ) Tj ET Q q 0 0 0 rg BT 445.06 68.25 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 493.57 68.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 516.56 68.25 Td (that ) Tj ET Q q 0 0 0 rg BT 534.54 68.25 Td (are ) Tj ET Q q 0 0 0 rg BT 549.73 68.25 Td (not ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 32.40 Td (43) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 32.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 32.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 735.60 Td (related ) Tj ET Q q 0 0 0 rg BT 79.28 735.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.64 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 105.56 735.60 Td (core ) Tj ET Q q 0 0 0 rg BT 125.35 735.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 171.25 735.60 Td (business ) Tj ET Q q 0 0 0 rg BT 207.73 735.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 255.29 735.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 308.39 735.60 Td (and ) Tj ET Q q 0 0 0 rg BT 325.41 735.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 361.32 735.60 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 429.44 735.60 Td (comparability ) Tj ET Q q 0 0 0 rg BT 487.55 735.60 Td (of ) Tj ET Q q 0 0 0 rg BT 498.47 735.60 Td (our ) Tj ET Q q 0 0 0 rg BT 514.38 735.60 Td (results ) Tj ET Q q 0 0 0 rg BT 543.07 735.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 723.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 723.60 Td (core ) Tj ET Q q 0 0 0 rg BT 85.04 723.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 130.86 723.60 Td (business ) Tj ET Q q 0 0 0 rg BT 167.25 723.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 66.67 702.60 Td (following ) Tj ET Q q 0 0 0 rg BT 107.18 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 115.47 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 121.53 702.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 178.12 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 188.07 702.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 240.24 702.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 275.18 702.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 314.57 702.60 Td (income ) Tj ET Q q 0 0 0 rg BT 345.62 702.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 369.47 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.53 702.60 Td (MRB ) Tj ET Q q 0 0 0 rg BT 409.38 702.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 448.76 702.60 Td (income ) Tj ET Q q 0 0 0 rg BT 479.82 702.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 503.66 702.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 516.39 702.60 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 677.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 677.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 677.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 677.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 677.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 677.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 647.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 647.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 647.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 647.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 647.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 647.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 617.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 617.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 617.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 617.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 617.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 617.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 587.10 320.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 587.10 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 587.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 587.10 61.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 587.10 4.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 587.10 62.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 562.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 562.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 562.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 562.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 562.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 562.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 532.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.50 532.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 532.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 532.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 532.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 532.10 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 677.1 m 430.5 677.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 677.1 m 495.5 677.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 677.1 m 561.5 677.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 602.1 m 430.5 602.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 602.1 m 495.5 602.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 602.1 m 561.5 602.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 602.1 m 430.5 602.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 587.1 m 430.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 602.1 m 495.5 602.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 587.1 m 495.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 602.1 m 561.5 602.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 587.1 m 561.5 587.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 517.1 m 430.5 517.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 517.1 m 495.5 517.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 517.1 m 561.5 517.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 517.1 m 430.5 517.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 369.5 502.1 m 430.5 502.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 517.1 m 495.5 517.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 502.1 m 495.5 502.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 517.1 m 561.5 517.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 502.1 m 561.5 502.1 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.75 681.78 Td (Fiscal 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.75 681.78 Td (Fiscal 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.25 681.78 Td (Fiscal 2012) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 665.4333984375 m 204.470703125 665.4333984375 l s q 0 0 0 rg BT 52.00 666.77 Td (Consolidated operating income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 651.77 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 651.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 651.77 Td (20,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 651.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 651.82 Td (\(327,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 651.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 651.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 651.77 Td (53,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 636.77 Td (Goodwill impairment charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 636.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 636.77 Td (321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 636.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 621.77 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 621.77 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 621.77 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 621.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 606.77 Td (Restructuring charges and other exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 606.77 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 606.77 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 606.77 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 591.77 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 591.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 591.77 Td (28,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 591.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 591.77 Td (14,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 591.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 591.77 Td (58,680) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52 565.4333984375 m 173.9287109375 565.4333984375 l s q 0 0 0 rg BT 52.00 566.77 Td (MRB operating income \(loss\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 551.77 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 551.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 551.77 Td (30,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 551.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.80 551.82 Td (\(311,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.65 551.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 551.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 551.77 Td (63,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 536.77 Td (Goodwill impairment charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 536.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 536.77 Td (321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 536.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 521.77 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.65 521.77 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 521.77 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 521.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.77 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 506.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 506.77 Td (31,011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.00 506.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 506.77 Td (22,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 506.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 506.77 Td (63,872) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 481.60 Td (e ) Tj ET Q q 0 0 0 rg BT 64.77 481.60 Td (present ) Tj ET Q q 0 0 0 rg BT 95.84 481.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 131.36 481.60 Td (net ) Tj ET Q q 0 0 0 rg BT 145.77 481.60 Td (income ) Tj ET Q q 0 0 0 rg BT 177.40 481.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 201.82 481.60 Td (from ) Tj ET Q q 0 0 0 rg BT 223.45 481.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 268.42 481.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.27 481.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 360.00 481.60 Td (to ) Tj ET Q q 0 0 0 rg BT 369.98 481.60 Td (SSI ) Tj ET Q q 0 0 0 rg BT 386.62 481.60 Td (and ) Tj ET Q q 0 0 0 rg BT 403.26 481.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 438.78 481.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 468.75 481.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 504.82 481.60 Td (per ) Tj ET Q q 0 0 0 rg BT 519.78 481.60 Td (share ) Tj ET Q q 0 0 0 rg BT 543.07 481.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 469.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 94.71 469.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.81 469.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 186.79 469.60 Td (to ) Tj ET Q q 0 0 0 rg BT 197.01 469.60 Td (SSI ) Tj ET Q q 0 0 0 rg BT 213.90 469.60 Td (because ) Tj ET Q q 0 0 0 rg BT 247.99 469.60 Td (we ) Tj ET Q q 0 0 0 rg BT 262.09 469.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 293.40 469.60 Td (these ) Tj ET Q q 0 0 0 rg BT 316.39 469.60 Td (measures ) Tj ET Q q 0 0 0 rg BT 356.03 469.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 389.02 469.60 Td (a ) Tj ET Q q 0 0 0 rg BT 395.90 469.60 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 443.88 469.60 Td (presentation ) Tj ET Q q 0 0 0 rg BT 495.19 469.60 Td (of ) Tj ET Q q 0 0 0 rg BT 505.96 469.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.62 469.60 Td (our ) Tj ET Q q 0 0 0 rg BT 536.39 469.60 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 457.60 Td (from ) Tj ET Q q 0 0 0 rg BT 70.36 457.60 Td (our ) Tj ET Q q 0 0 0 rg BT 85.12 457.60 Td (core ) Tj ET Q q 0 0 0 rg BT 103.75 457.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 148.50 457.60 Td (business ) Tj ET Q q 0 0 0 rg BT 183.82 457.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 226.90 457.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 267.75 457.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 316.95 457.60 Td (for ) Tj ET Q q 0 0 0 rg BT 330.04 457.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 367.02 457.60 Td (and ) Tj ET Q q 0 0 0 rg BT 382.88 457.60 Td (other ) Tj ET Q q 0 0 0 rg BT 404.85 457.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 425.72 457.60 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 479.63 457.60 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 532.15 457.60 Td (char) Tj ET Q q 0 0 0 rg BT 549.18 457.60 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 445.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 445.60 Td (other ) Tj ET Q q 0 0 0 rg BT 90.00 445.60 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 138.28 445.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 163.53 445.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.73 445.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 220.70 445.60 Td (allowances ) Tj ET Q q 0 0 0 rg BT 267.87 445.60 Td (on ) Tj ET Q q 0 0 0 rg BT 280.63 445.60 Td (deferred ) Tj ET Q q 0 0 0 rg BT 316.69 445.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 331.66 445.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 357.75 445.60 Td (that ) Tj ET Q q 0 0 0 rg BT 375.50 445.60 Td (are ) Tj ET Q q 0 0 0 rg BT 390.46 445.60 Td (not ) Tj ET Q q 0 0 0 rg BT 406.00 445.60 Td (related ) Tj ET Q q 0 0 0 rg BT 435.95 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 446.49 445.60 Td (our ) Tj ET Q q 0 0 0 rg BT 462.57 445.60 Td (core ) Tj ET Q q 0 0 0 rg BT 482.53 445.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 528.61 445.60 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 95.90 433.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 147.83 433.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.69 433.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 198.43 433.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.06 433.60 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 279.01 433.60 Td (comparability ) Tj ET Q q 0 0 0 rg BT 335.96 433.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.70 433.60 Td (our ) Tj ET Q q 0 0 0 rg BT 360.45 433.60 Td (results ) Tj ET Q q 0 0 0 rg BT 387.97 433.60 Td (from ) Tj ET Q q 0 0 0 rg BT 408.83 433.60 Td (its ) Tj ET Q q 0 0 0 rg BT 419.69 433.60 Td (core ) Tj ET Q q 0 0 0 rg BT 438.31 433.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 483.05 433.60 Td (business ) Tj ET Q q 0 0 0 rg BT 518.36 433.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.60 Td (The ) Tj ET Q q 0 0 0 rg BT 67.26 412.60 Td (following ) Tj ET Q q 0 0 0 rg BT 108.36 412.60 Td (is ) Tj ET Q q 0 0 0 rg BT 117.24 412.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.89 412.60 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 181.07 412.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.61 412.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 227.15 412.60 Td (net ) Tj ET Q q 0 0 0 rg BT 241.58 412.60 Td (income ) Tj ET Q q 0 0 0 rg BT 273.22 412.60 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 297.65 412.60 Td (from ) Tj ET Q q 0 0 0 rg BT 319.30 412.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 364.29 412.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 408.15 412.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 455.90 412.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.89 412.60 Td (SSI ) Tj ET Q q 0 0 0 rg BT 482.56 412.60 Td (and ) Tj ET Q q 0 0 0 rg BT 499.21 412.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 534.74 412.60 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 85.88 400.60 Td (per ) Tj ET Q q 0 0 0 rg BT 101.15 400.60 Td (share ) Tj ET Q q 0 0 0 rg BT 124.74 400.60 Td (from ) Tj ET Q q 0 0 0 rg BT 146.68 400.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 191.96 400.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 236.11 400.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 284.15 400.60 Td (to ) Tj ET Q q 0 0 0 rg BT 294.43 400.60 Td (SSI ) Tj ET Q q 0 0 0 rg BT 311.38 400.60 Td (\(in ) Tj ET Q q 0 0 0 rg BT 324.99 400.60 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 369.99 400.60 Td (except ) Tj ET Q q 0 0 0 rg BT 398.58 400.60 Td (per ) Tj ET Q q 0 0 0 rg BT 413.85 400.60 Td (share ) Tj ET Q q 0 0 0 rg BT 437.45 400.60 Td (data\):) Tj ET Q 1 1 1 rg /GS0 gs 50.00 390.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 375.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 375.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 375.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 375.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 375.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 375.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 345.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 345.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 345.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 345.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 345.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 315.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 315.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 315.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 315.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 315.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 315.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 285.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 285.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 285.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 285.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 285.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 285.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 260.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 260.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 260.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 260.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 260.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 230.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 230.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 230.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 230.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 230.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 200.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 200.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 200.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 200.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 200.10 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 170.10 320.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 170.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 170.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 170.10 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.00 170.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.00 170.10 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 375.1 m 431 375.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 375.1 m 496 375.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 375.1 m 562 375.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 285.1 m 431 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 285.1 m 496 285.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 285.1 m 562 285.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 270.1 m 431 270.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 270.1 m 496 270.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 270.1 m 562 270.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 170.10000000000002 m 431 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 170.10000000000002 m 496 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 170.10000000000002 m 562 170.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 170.10000000000002 m 431 170.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370 155.10000000000002 m 431 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 170.10000000000002 m 496 170.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 435 155.10000000000002 m 496 155.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 170.10000000000002 m 562 170.10000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500 155.10000000000002 m 562 155.10000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.25 379.78 Td (Fiscal 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.25 379.78 Td (Fiscal 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.75 379.78 Td (Fiscal 2012) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 363.43339843750005 m 313.0078125 363.43339843750005 l s q 0 0 0 rg BT 52.50 364.77 Td (Net income \(loss\) from continuing operations attributable to SSI:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 349.77 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 349.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 349.77 Td (5,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 349.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.30 349.82 Td (\(281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 349.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 349.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 349.77 Td (27,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 334.77 Td (Goodwill impairment charge, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 334.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 334.77 Td (254,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 334.77 Td (3,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 319.77 Td (Other asset impairment charges, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.15 319.77 Td (949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 319.77 Td (8,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 319.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 304.77 Td (Restructuring charges and other exit-related costs, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 304.77 Td (5,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 304.77 Td (5,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 304.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 289.77 Td (Valuation allowance on deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 289.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 289.77 Td (11,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 289.77 Td (206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 274.77 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 274.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.65 274.77 Td (11,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 274.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 274.82 Td (\(1,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 274.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 274.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 274.77 Td (30,832) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 248.43339843750005 m 347.1533203125 248.43339843750005 l s q 0 0 0 rg BT 52.50 249.77 Td (Diluted earnings per share from continuing operations attributable to SSI:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 234.77 Td (As reported) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 234.77 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 234.82 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 234.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 234.77 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 219.77 Td (Goodwill impairment charge, net of tax, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 219.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 219.77 Td (9.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 219.77 Td (0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 204.77 Td (Other asset impairment charges, net of tax, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 204.77 Td (0.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 204.77 Td (0.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 204.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 189.77 Td (Restructuring charges and other exit-related costs, net of tax, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 189.77 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 189.77 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 189.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 174.77 Td (Valuation allowance on deferred tax assets, per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.15 174.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 174.77 Td (0.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 174.77 Td (0.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 159.77 Td (Adjusted) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 88.61 164.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.50 159.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 159.77 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.50 159.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 159.82 Td (\(0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 159.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 159.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 159.77 Td (1.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 146.00 Td (____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 130.40 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 60.83 130.40 Td (Does ) Tj ET Q q 0 0 0 rg BT 79.27 130.40 Td (not ) Tj ET Q q 0 0 0 rg BT 91.49 130.40 Td (foot ) Tj ET Q q 0 0 0 rg BT 106.38 130.40 Td (due ) Tj ET Q q 0 0 0 rg BT 119.93 130.40 Td (to ) Tj ET Q q 0 0 0 rg BT 128.15 130.40 Td (rounding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.40 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 109.40 Td (e ) Tj ET Q q 0 0 0 rg BT 64.84 109.40 Td (believe ) Tj ET Q q 0 0 0 rg BT 95.98 109.40 Td (that ) Tj ET Q q 0 0 0 rg BT 113.24 109.40 Td (these ) Tj ET Q q 0 0 0 rg BT 136.06 109.40 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 181.24 109.40 Td ( ) Tj ET Q q 0 0 0 rg BT 183.51 109.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 220.76 109.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 260.23 109.40 Td (allow ) Tj ET Q q 0 0 0 rg BT 284.72 109.40 Td (for ) Tj ET Q q 0 0 0 rg BT 298.64 109.40 Td (a ) Tj ET Q q 0 0 0 rg BT 305.35 109.40 Td (better ) Tj ET Q q 0 0 0 rg BT 330.38 109.40 Td (understanding ) Tj ET Q q 0 0 0 rg BT 389.30 109.40 Td (of ) Tj ET Q q 0 0 0 rg BT 399.90 109.40 Td (our ) Tj ET Q q 0 0 0 rg BT 415.50 109.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.53 109.40 Td (and ) Tj ET Q q 0 0 0 rg BT 472.23 109.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.48 109.40 Td (performance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.40 Td (These ) Tj ET Q q 0 0 0 rg BT 75.60 97.40 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 120.79 97.40 Td ( ) Tj ET Q q 0 0 0 rg BT 123.01 97.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.21 97.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 199.64 97.40 Td (should ) Tj ET Q q 0 0 0 rg BT 228.54 97.40 Td (be ) Tj ET Q q 0 0 0 rg BT 240.20 97.40 Td (considered ) Tj ET Q q 0 0 0 rg BT 285.74 97.40 Td (in ) Tj ET Q q 0 0 0 rg BT 295.74 97.40 Td (addition ) Tj ET Q q 0 0 0 rg BT 330.73 97.40 Td (to, ) Tj ET Q q 0 0 0 rg BT 343.24 97.40 Td (but ) Tj ET Q q 0 0 0 rg BT 358.24 97.40 Td (not ) Tj ET Q q 0 0 0 rg BT 373.24 97.40 Td (as ) Tj ET Q q 0 0 0 rg BT 383.79 97.40 Td (a ) Tj ET Q q 0 0 0 rg BT 390.45 97.40 Td (substitute ) Tj ET Q q 0 0 0 rg BT 431.01 97.40 Td (for) Tj ET Q q 0 0 0 rg BT 442.27 97.40 Td (, ) Tj ET Q q 0 0 0 rg BT 446.99 97.40 Td (the ) Tj ET Q q 0 0 0 rg BT 461.43 97.40 Td (most ) Tj ET Q q 0 0 0 rg BT 483.11 97.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 515.87 97.40 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.40 Td (U.S.GAAP) Tj ET Q q 0 0 0 rg BT 96.64 85.40 Td ( ) Tj ET Q q 0 0 0 rg BT 98.42 85.40 Td (measures. ) Tj ET Q q 0 0 0 rg BT 139.51 85.40 Td (Although ) Tj ET Q q 0 0 0 rg BT 179.06 85.40 Td (we ) Tj ET Q q 0 0 0 rg BT 192.50 85.40 Td (find ) Tj ET Q q 0 0 0 rg BT 210.38 85.40 Td (these ) Tj ET Q q 0 0 0 rg BT 232.71 85.40 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 277.89 85.40 Td ( ) Tj ET Q q 0 0 0 rg BT 279.67 85.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 316.42 85.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 355.41 85.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 381.62 85.40 Td (in ) Tj ET Q q 0 0 0 rg BT 391.18 85.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 434.60 85.40 Td (the ) Tj ET Q q 0 0 0 rg BT 448.60 85.40 Td (performance ) Tj ET Q q 0 0 0 rg BT 500.90 85.40 Td (of ) Tj ET Q q 0 0 0 rg BT 511.00 85.40 Td (our ) Tj ET Q q 0 0 0 rg BT 526.11 85.40 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.40 Td (our ) Tj ET Q q 0 0 0 rg BT 66.22 73.40 Td (reliance ) Tj ET Q q 0 0 0 rg BT 101.24 73.40 Td (on ) Tj ET Q q 0 0 0 rg BT 114.63 73.40 Td (these ) Tj ET Q q 0 0 0 rg BT 138.56 73.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 179.16 73.40 Td (is ) Tj ET Q q 0 0 0 rg BT 189.21 73.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 220.93 73.40 Td (because ) Tj ET Q q 0 0 0 rg BT 255.96 73.40 Td (the ) Tj ET Q q 0 0 0 rg BT 271.56 73.40 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 322.72 73.40 Td (often ) Tj ET Q q 0 0 0 rg BT 346.66 73.40 Td (have ) Tj ET Q q 0 0 0 rg BT 368.92 73.40 Td (a ) Tj ET Q q 0 0 0 rg BT 376.74 73.40 Td (material ) Tj ET Q q 0 0 0 rg BT 412.89 73.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 443.49 73.40 Td (on ) Tj ET Q q 0 0 0 rg BT 456.87 73.40 Td (our ) Tj ET Q q 0 0 0 rg BT 473.59 73.40 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 73.40 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.40 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.53 61.40 Td (presented ) Tj ET Q q 0 0 0 rg BT 133.66 61.40 Td (in ) Tj ET Q q 0 0 0 rg BT 143.25 61.40 Td (accordance ) Tj ET Q q 0 0 0 rg BT 190.03 61.40 Td (with ) Tj ET Q q 0 0 0 rg BT 209.62 61.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 235.74 61.40 Td (. ) Tj ET Q q 0 0 0 rg BT 239.92 61.40 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 283.65 61.40 Td (we ) Tj ET Q q 0 0 0 rg BT 297.13 61.40 Td (typically ) Tj ET Q q 0 0 0 rg BT 333.94 61.40 Td (use ) Tj ET Q q 0 0 0 rg BT 349.08 61.40 Td (these ) Tj ET Q q 0 0 0 rg BT 371.44 61.40 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 406.58 61.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 442.29 61.40 Td (in ) Tj ET Q q 0 0 0 rg BT 451.88 61.40 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 500.91 61.40 Td (with ) Tj ET Q q 0 0 0 rg BT 520.50 61.40 Td (our ) Tj ET Q q 0 0 0 rg BT 535.65 61.40 Td (GAAP) Tj ET Q q 0 0 0 rg BT 562.50 61.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 49.40 Td (results ) Tj ET Q q 0 0 0 rg BT 78.11 49.40 Td (to ) Tj ET Q q 0 0 0 rg BT 88.39 49.40 Td (address ) Tj ET Q q 0 0 0 rg BT 120.88 49.40 Td (these ) Tj ET Q q 0 0 0 rg BT 143.92 49.40 Td (limitations. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (44) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM7A. QUANTIT) Tj ET Q q 0 0 0 rg BT 142.32 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 148.80 742.25 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 175.21 742.25 Td (AND QUALIT) Tj ET Q q 0 0 0 rg BT 238.08 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 244.56 742.25 Td (TIVE DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 344.04 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 379.42 742.25 Td ( MARKET) Tj ET Q q 0 0 0 rg BT 426.74 742.25 Td ( RISK) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Commodity Price Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 703.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 703.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.28 703.25 Td (are ) Tj ET Q q 0 0 0 rg BT 79.69 703.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 114.66 703.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.64 703.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 172.40 703.25 Td (price ) Tj ET Q q 0 0 0 rg BT 194.59 703.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 214.29 703.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 244.27 703.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 287.57 703.25 Td (with ) Tj ET Q q 0 0 0 rg BT 307.55 703.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 349.19 703.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.17 703.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.59 703.25 Td (market ) Tj ET Q q 0 0 0 rg BT 403.56 703.25 Td (price ) Tj ET Q q 0 0 0 rg BT 425.74 703.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.61 703.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 474.03 703.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 494.56 703.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 533.70 703.25 Td (ferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.28 691.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 113.43 691.25 Td (metals, ) Tj ET Q q 0 0 0 rg BT 144.87 691.25 Td (including ) Tj ET Q q 0 0 0 rg BT 185.48 691.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 209.42 691.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 236.97 691.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 283.13 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.41 691.25 Td (other ) Tj ET Q q 0 0 0 rg BT 323.79 691.25 Td (commodities. ) Tj ET Q q 0 0 0 rg BT 380.58 691.25 Td (The ) Tj ET Q q 0 0 0 rg BT 398.96 691.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 427.92 691.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.19 691.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 490.24 691.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.41 691.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 537.02 691.25 Td (cycles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.24 679.25 Td (dif) Tj ET Q q 0 0 0 rg BT 75.17 679.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 98.30 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.11 679.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 137.91 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.38 679.25 Td (are ) Tj ET Q q 0 0 0 rg BT 168.62 679.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 207.31 679.25 Td (by ) Tj ET Q q 0 0 0 rg BT 219.34 679.25 Td (general ) Tj ET Q q 0 0 0 rg BT 250.79 679.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 291.70 679.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 337.75 679.25 Td (W) Tj ET Q q 0 0 0 rg BT 346.39 679.25 Td (e ) Tj ET Q q 0 0 0 rg BT 352.86 679.25 Td (respond ) Tj ET Q q 0 0 0 rg BT 386.55 679.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.36 679.25 Td (increases ) Tj ET Q q 0 0 0 rg BT 435.04 679.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.51 679.25 Td (decreases ) Tj ET Q q 0 0 0 rg BT 491.85 679.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.66 679.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 535.34 679.25 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.27 667.25 Td (by ) Tj ET Q q 0 0 0 rg BT 88.66 667.25 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 127.72 667.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 165.65 667.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 191.92 667.25 Td (on ) Tj ET Q q 0 0 0 rg BT 204.31 667.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.14 667.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 239.09 667.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 263.81 667.25 Td (W) Tj ET Q q 0 0 0 rg BT 272.44 667.25 Td (e ) Tj ET Q q 0 0 0 rg BT 279.28 667.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 313.32 667.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 346.80 667.25 Td (our ) Tj ET Q q 0 0 0 rg BT 362.53 667.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 401.02 667.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.19 667.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 459.13 667.25 Td (price ) Tj ET Q q 0 0 0 rg BT 481.51 667.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 498.90 667.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.74 667.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 549.79 667.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 75.55 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.67 655.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 128.89 655.25 Td (spread ) Tj ET Q q 0 0 0 rg BT 156.67 655.25 Td (between ) Tj ET Q q 0 0 0 rg BT 191.66 655.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 224.99 655.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 253.34 655.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.90 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.02 655.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 332.24 655.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 353.92 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.04 655.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 414.49 655.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.61 655.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 466.74 655.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 503.12 655.25 Td (Sales ) Tj ET Q q 0 0 0 rg BT 525.91 655.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.12 643.25 Td (based ) Tj ET Q q 0 0 0 rg BT 88.79 643.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.70 643.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 126.49 643.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 170.05 643.25 Td (with ) Tj ET Q q 0 0 0 rg BT 189.74 643.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.98 643.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 249.93 643.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.28 643.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 305.39 643.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 332.29 643.25 Td (are ) Tj ET Q q 0 0 0 rg BT 346.41 643.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 374.41 643.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 386.32 643.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.01 643.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 407.92 643.25 Td (days ) Tj ET Q q 0 0 0 rg BT 428.15 643.25 Td (ahead ) Tj ET Q q 0 0 0 rg BT 453.38 643.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.62 643.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 502.19 643.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 523.26 643.25 Td (However) Tj ET Q q 0 0 0 rg BT 559.51 643.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.29 631.25 Td (results ) Tj ET Q q 0 0 0 rg BT 115.71 631.25 Td (may ) Tj ET Q q 0 0 0 rg BT 135.23 631.25 Td (be ) Tj ET Q q 0 0 0 rg BT 146.98 631.25 Td (negatively ) Tj ET Q q 0 0 0 rg BT 190.94 631.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 229.90 631.25 Td (when ) Tj ET Q q 0 0 0 rg BT 253.87 631.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 287.82 631.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 316.80 631.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.98 631.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 358.62 631.25 Td (more ) Tj ET Q q 0 0 0 rg BT 381.47 631.25 Td (quickly ) Tj ET Q q 0 0 0 rg BT 413.78 631.25 Td (than ) Tj ET Q q 0 0 0 rg BT 433.30 631.25 Td (we ) Tj ET Q q 0 0 0 rg BT 447.27 631.25 Td (can ) Tj ET Q q 0 0 0 rg BT 463.46 631.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 489.65 631.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 527.50 631.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 553.68 631.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (when ) Tj ET Q q 0 0 0 rg BT 74.34 619.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 117.56 619.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 133.56 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.01 619.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 166.12 619.25 Td (their ) Tj ET Q q 0 0 0 rg BT 187.12 619.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 234.22 619.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 283.64 619.25 Td (W) Tj ET Q q 0 0 0 rg BT 292.28 619.25 Td (e ) Tj ET Q q 0 0 0 rg BT 299.40 619.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 326.52 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.41 619.25 Td (net ) Tj ET Q q 0 0 0 rg BT 356.30 619.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 397.83 619.25 Td (value ) Tj ET Q q 0 0 0 rg BT 422.17 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.17 619.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 474.17 619.25 Td (\(NR) Tj ET Q q 0 0 0 rg BT 495.03 619.25 Td (V\) ) Tj ET Q q 0 0 0 rg BT 512.70 619.25 Td (each ) Tj ET Q q 0 0 0 rg BT 533.69 619.25 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (based ) Tj ET Q q 0 0 0 rg BT 75.40 607.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 98.04 607.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 142.32 607.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 164.39 607.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 192.02 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.09 607.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 250.05 607.25 Td (future ) Tj ET Q q 0 0 0 rg BT 276.56 607.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 305.86 607.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 334.87 607.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 361.95 607.25 Td (on ) Tj ET Q q 0 0 0 rg BT 374.58 607.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 418.86 607.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 440.93 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.01 607.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 497.86 607.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.82 607.25 Td (future ) Tj ET Q q 0 0 0 rg BT 535.33 607.25 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 78.05 595.25 Td (a ) Tj ET Q q 0 0 0 rg BT 84.16 595.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 104.16 595.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 140.25 595.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.69 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.58 595.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 191.92 595.25 Td (price ) Tj ET Q q 0 0 0 rg BT 213.58 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.58 595.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 263.57 595.25 Td (would ) Tj ET Q q 0 0 0 rg BT 290.25 595.25 Td (not ) Tj ET Q q 0 0 0 rg BT 304.70 595.25 Td (have ) Tj ET Q q 0 0 0 rg BT 325.24 595.25 Td (had ) Tj ET Q q 0 0 0 rg BT 341.35 595.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.46 595.25 Td (material ) Tj ET Q q 0 0 0 rg BT 381.89 595.25 Td (NR) Tj ET Q q 0 0 0 rg BT 394.98 595.25 Td (V) Tj ET Q q 0 0 0 rg BT 402.03 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.70 595.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 432.58 595.25 Td (on ) Tj ET Q q 0 0 0 rg BT 444.25 595.25 Td (any ) Tj ET Q q 0 0 0 rg BT 460.36 595.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.36 595.25 Td (our ) Tj ET Q q 0 0 0 rg BT 485.36 595.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 524.80 595.25 Td (segments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 71.11 583.25 Td (August ) Tj ET Q q 0 0 0 rg BT 102.50 583.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 117.50 583.25 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 562.25 Td (est Rate Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 544.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.87 544.25 Td (are ) Tj ET Q q 0 0 0 rg BT 78.88 544.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 113.44 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 123.01 544.25 Td (market ) Tj ET Q q 0 0 0 rg BT 152.57 544.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 169.37 544.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 212.26 544.25 Td (with ) Tj ET Q q 0 0 0 rg BT 231.83 544.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 265.84 544.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.41 544.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.64 544.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 327.31 544.25 Td (related ) Tj ET Q q 0 0 0 rg BT 356.31 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.88 544.25 Td (our ) Tj ET Q q 0 0 0 rg BT 381.01 544.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 400.02 544.25 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 448.76 544.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 466.11 544.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 490.67 544.25 Td (line ) Tj ET Q q 0 0 0 rg BT 507.46 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.70 544.25 Td (revolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.03 532.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 105.61 532.25 Td (are ) Tj ET Q q 0 0 0 rg BT 120.08 532.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 150.67 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.72 532.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 195.18 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 226.88 532.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 248.02 532.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.73 532.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 303.08 532.25 Td (have ) Tj ET Q q 0 0 0 rg BT 324.22 532.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 362.58 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.62 532.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 407.10 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.14 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 448.84 532.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 472.48 532.25 Td (If ) Tj ET Q q 0 0 0 rg BT 481.40 532.25 Td (market ) Tj ET Q q 0 0 0 rg BT 511.43 532.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 543.13 532.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (had ) Tj ET Q q 0 0 0 rg BT 66.88 520.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 102.64 520.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 123.42 520.25 Td (from ) Tj ET Q q 0 0 0 rg BT 145.30 520.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 171.61 520.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 203.49 520.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 220.92 520.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 246.69 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 256.91 520.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.01 520.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.01 520.25 Td ( ) Tj ET Q q 0 0 0 rg BT 303.45 520.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.23 520.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.23 520.25 Td (, ) Tj ET Q q 0 0 0 rg BT 339.17 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.83 520.25 Td (ef) Tj ET Q q 0 0 0 rg BT 361.42 520.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 378.85 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 391.29 520.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.07 520.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 438.95 520.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 473.60 520.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.48 520.25 Td (net ) Tj ET Q q 0 0 0 rg BT 505.14 520.25 Td (income ) Tj ET Q q 0 0 0 rg BT 537.02 520.25 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 508.25 Td (have ) Tj ET Q q 0 0 0 rg BT 86.66 508.25 Td (been ) Tj ET Q q 0 0 0 rg BT 108.03 508.25 Td (material.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 487.25 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.53 469.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 93.06 469.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 120.69 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.00 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.75 469.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 160.28 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.14 469.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 187.23 469.25 Td (that ) Tj ET Q q 0 0 0 rg BT 203.76 469.25 Td (might ) Tj ET Q q 0 0 0 rg BT 228.63 469.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 252.37 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 262.23 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 268.20 469.25 Td (result ) Tj ET Q q 0 0 0 rg BT 291.95 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.81 469.25 Td (non-performance ) Tj ET Q q 0 0 0 rg BT 372.20 469.25 Td (by ) Tj ET Q q 0 0 0 rg BT 383.73 469.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 441.90 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.76 469.25 Td (their ) Tj ET Q q 0 0 0 rg BT 471.62 469.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 517.57 469.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.65 457.25 Td (take ) Tj ET Q q 0 0 0 rg BT 80.18 457.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 115.81 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.01 457.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 150.98 457.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 176.06 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.37 457.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 228.46 457.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 249.66 457.25 Td (products ) Tj ET Q q 0 0 0 rg BT 286.97 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.28 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.93 457.25 Td (make ) Tj ET Q q 0 0 0 rg BT 339.45 457.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 377.30 457.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 425.17 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.37 457.25 Td (these ) Tj ET Q q 0 0 0 rg BT 459.79 457.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 509.60 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.80 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.45 457.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 445.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 91.01 445.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 133.31 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.06 445.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 169.58 445.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 195.22 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 206.97 445.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 244.83 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.03 445.25 Td (settle ) Tj ET Q q 0 0 0 rg BT 280.56 445.25 Td (advances, ) Tj ET Q q 0 0 0 rg BT 323.13 445.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 347.66 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.52 445.25 Td (other ) Tj ET Q q 0 0 0 rg BT 389.49 445.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 437.33 445.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 485.72 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.92 445.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.22 445.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (demolition ) Tj ET Q q 0 0 0 rg BT 95.54 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.19 433.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 135.50 433.25 Td (extraction ) Tj ET Q q 0 0 0 rg BT 177.69 433.25 Td (projects. ) Tj ET Q q 0 0 0 rg BT 213.89 433.25 Td (W) Tj ET Q q 0 0 0 rg BT 222.53 433.25 Td (e ) Tj ET Q q 0 0 0 rg BT 229.18 433.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 262.48 433.25 Td (our ) Tj ET Q q 0 0 0 rg BT 278.02 433.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 316.33 433.25 Td (to ) Tj ET Q q 0 0 0 rg BT 326.31 433.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.29 433.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 368.50 433.25 Td (through ) Tj ET Q q 0 0 0 rg BT 401.82 433.25 Td (a ) Tj ET Q q 0 0 0 rg BT 408.46 433.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 438.44 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.98 433.25 Td (methods, ) Tj ET Q q 0 0 0 rg BT 487.57 433.25 Td (including ) Tj ET Q q 0 0 0 rg BT 527.56 433.25 Td (shipping ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.26 421.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 103.30 421.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 127.45 421.25 Td (exports ) Tj ET Q q 0 0 0 rg BT 158.83 421.25 Td (under ) Tj ET Q q 0 0 0 rg BT 183.54 421.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 209.92 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.19 421.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 247.39 421.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 288.76 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.03 421.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 333.75 421.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 355.13 421.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.85 421.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 403.46 421.25 Td (for ) Tj ET Q q 0 0 0 rg BT 417.06 421.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 446.20 421.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 491.46 421.25 Td (export ) Tj ET Q q 0 0 0 rg BT 518.95 421.25 Td (customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 107.88 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.10 409.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 144.75 409.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 170.43 409.25 Td (for ) Tj ET Q q 0 0 0 rg BT 184.98 409.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 207.30 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 220.19 409.25 Td (open ) Tj ET Q q 0 0 0 rg BT 242.52 409.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 267.63 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.96 409.25 Td (designation ) Tj ET Q q 0 0 0 rg BT 333.95 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.17 409.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 385.26 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.58 409.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 440.45 409.25 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 486.10 409.25 Td (securing ) Tj ET Q q 0 0 0 rg BT 522.86 409.25 Td (advances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 73.61 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.55 397.25 Td (other ) Tj ET Q q 0 0 0 rg BT 113.59 397.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 160.51 397.25 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 75.07 376.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 115.10 376.25 Td (ships ) Tj ET Q q 0 0 0 rg BT 138.50 376.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 169.65 376.25 Td (bulk ) Tj ET Q q 0 0 0 rg BT 190.27 376.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 212.54 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.15 376.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 254.86 376.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 298.24 376.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.85 376.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 362.78 376.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 405.05 376.25 Td (by ) Tj ET Q q 0 0 0 rg BT 417.88 376.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 445.15 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.32 376.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 481.91 376.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 509.75 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.91 376.25 Td (confirmed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.28 364.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 87.90 364.25 Td (it ) Tj ET Q q 0 0 0 rg BT 95.74 364.25 Td (deems ) Tj ET Q q 0 0 0 rg BT 123.57 364.25 Td (creditworthy) Tj ET Q q 0 0 0 rg BT 174.01 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 178.63 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 196.46 364.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 223.18 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.80 364.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 258.84 364.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 287.23 364.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 323.94 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 336.23 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.73 364.25 Td (customer) Tj ET Q q 0 0 0 rg BT 386.83 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 391.11 364.25 Td (As ) Tj ET Q q 0 0 0 rg BT 404.51 364.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 429.03 364.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 468.51 364.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 488.58 364.25 Td (its ) Tj ET Q q 0 0 0 rg BT 500.31 364.25 Td (export ) Tj ET Q q 0 0 0 rg BT 528.14 364.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 80.76 352.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 105.42 352.25 Td (under ) Tj ET Q q 0 0 0 rg BT 130.63 352.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 169.17 352.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.94 352.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 207.38 352.25 Td (that ) Tj ET Q q 0 0 0 rg BT 224.82 352.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 264.46 352.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 297.45 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.56 352.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 350.67 352.25 Td (within ) Tj ET Q q 0 0 0 rg BT 378.67 352.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 391.11 352.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.33 352.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 413.78 352.25 Td (days ) Tj ET Q q 0 0 0 rg BT 434.55 352.25 Td (after ) Tj ET Q q 0 0 0 rg BT 455.31 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.97 352.25 Td (price ) Tj ET Q q 0 0 0 rg BT 492.40 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 501.51 352.25 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 533.10 352.25 Td (MRB) Tj ET Q q 0 0 0 rg BT 558.11 352.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 93.54 340.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 131.52 340.25 Td (do ) Tj ET Q q 0 0 0 rg BT 144.51 340.25 Td (not ) Tj ET Q q 0 0 0 rg BT 160.28 340.25 Td (have ) Tj ET Q q 0 0 0 rg BT 182.15 340.25 Td (dif) Tj ET Q q 0 0 0 rg BT 193.07 340.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 222.17 340.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 262.93 340.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 290.36 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.68 340.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 327.43 340.25 Td (from ) Tj ET Q q 0 0 0 rg BT 349.86 340.25 Td (their ) Tj ET Q q 0 0 0 rg BT 371.18 340.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 397.50 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.27 340.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.70 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.02 340.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 477.79 340.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 509.10 340.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 538.46 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 340.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 74.98 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.63 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.17 328.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 129.93 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.59 328.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 167.67 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 183.21 328.25 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 240.38 328.25 Td (by ) Tj ET Q q 0 0 0 rg BT 253.71 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.25 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 294.23 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.88 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.42 328.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 363.07 328.25 Td (on ) Tj ET Q q 0 0 0 rg BT 376.40 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.94 328.25 Td (ship. ) Tj ET Q q 0 0 0 rg BT 414.43 328.25 Td (However) Tj ET Q q 0 0 0 rg BT 450.68 328.25 Td (, ) Tj ET Q q 0 0 0 rg BT 456.51 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.61 328.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 500.37 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.03 328.25 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 89.21 316.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 117.59 316.25 Td (MRB) Tj ET Q q 0 0 0 rg BT 142.60 316.25 Td (s ) Tj ET Q q 0 0 0 rg BT 148.49 316.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 191.04 316.25 Td (may ) Tj ET Q q 0 0 0 rg BT 210.26 316.25 Td (not ) Tj ET Q q 0 0 0 rg BT 225.04 316.25 Td (be ) Tj ET Q q 0 0 0 rg BT 236.48 316.25 Td (able ) Tj ET Q q 0 0 0 rg BT 255.13 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.91 316.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 291.91 316.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 318.34 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.67 316.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 353.44 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 367.10 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.32 316.25 Td (full ) Tj ET Q q 0 0 0 rg BT 397.21 316.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 418.65 316.25 Td (value ) Tj ET Q q 0 0 0 rg BT 442.30 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.63 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.85 316.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 507.18 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.96 316.25 Td (be ) Tj ET Q q 0 0 0 rg BT 528.40 316.25 Td (shipped. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.60 304.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 86.91 304.25 Td (we ) Tj ET Q q 0 0 0 rg BT 101.05 304.25 Td (may ) Tj ET Q q 0 0 0 rg BT 120.75 304.25 Td (need ) Tj ET Q q 0 0 0 rg BT 142.11 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.37 304.25 Td (extend ) Tj ET Q q 0 0 0 rg BT 181.51 304.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 206.76 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.24 304.25 Td (open ) Tj ET Q q 0 0 0 rg BT 241.16 304.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 265.86 304.25 Td (for ) Tj ET Q q 0 0 0 rg BT 280.00 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.70 304.25 Td (dif) Tj ET Q q 0 0 0 rg BT 305.63 304.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 337.53 304.25 Td (between ) Tj ET Q q 0 0 0 rg BT 373.33 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.03 304.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 409.95 304.25 Td (value ) Tj ET Q q 0 0 0 rg BT 434.09 304.25 Td (under ) Tj ET Q q 0 0 0 rg BT 459.34 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.04 304.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 508.72 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.64 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.34 304.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 91.64 292.25 Td (by ) Tj ET Q q 0 0 0 rg BT 103.83 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.25 292.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 140.99 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.51 292.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 178.97 292.25 Td (In ) Tj ET Q q 0 0 0 rg BT 189.50 292.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 226.97 292.25 Td (we ) Tj ET Q q 0 0 0 rg BT 240.83 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 265.24 292.25 Td (be ) Tj ET Q q 0 0 0 rg BT 276.88 292.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 311.85 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.82 292.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 339.58 292.25 Td (if ) Tj ET Q q 0 0 0 rg BT 347.89 292.25 Td (a ) Tj ET Q q 0 0 0 rg BT 354.52 292.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 393.37 292.25 Td (fails ) Tj ET Q q 0 0 0 rg BT 412.79 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.76 292.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 439.40 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 449.93 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.34 292.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 485.98 292.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 527.06 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.47 292.25 Td (letter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 280.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 86.09 280.25 Td (fails.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.43 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 73.57 259.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.79 259.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.79 259.25 Td ( ) Tj ET Q q 0 0 0 rg BT 142.11 259.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.87 259.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.87 259.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.69 259.25 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.02 259.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.34 259.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.10 259.25 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.43 259.25 Td (, ) Tj ET Q q 0 0 0 rg BT 244.25 259.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 291.91 259.25 Td (, ) Tj ET Q q 0 0 0 rg BT 296.73 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.38 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 323.03 259.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 345.34 259.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 382.64 259.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 426.04 259.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 458.90 259.25 Td (were ) Tj ET Q q 0 0 0 rg BT 480.65 259.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 514.61 259.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.93 259.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 553.69 259.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 77.76 247.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 90.82 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.53 247.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 148.57 247.25 Td (balance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.11 247.25 Td (96%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.44 247.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.94 247.25 Td (was ) Tj ET Q q 0 0 0 rg BT 222.99 247.25 Td (less ) Tj ET Q q 0 0 0 rg BT 240.49 247.25 Td (than ) Tj ET Q q 0 0 0 rg BT 260.21 247.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 272.71 247.25 Td (days ) Tj ET Q q 0 0 0 rg BT 293.54 247.25 Td (past ) Tj ET Q q 0 0 0 rg BT 312.14 247.25 Td (due ) Tj ET Q q 0 0 0 rg BT 329.08 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.91 247.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.19 247.25 Td (August ) Tj ET Q q 0 0 0 rg BT 381.58 247.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 396.58 247.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 419.08 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.02 247.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.02 247.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 226.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.64 226.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 107.12 226.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 129.06 226.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 173.23 226.25 Td (Rate ) Tj ET Q q 0 0 0 rg BT 195.72 226.25 Td (Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 209.25 Td (e ) Tj ET Q q 0 0 0 rg BT 65.46 209.25 Td (are ) Tj ET Q q 0 0 0 rg BT 80.05 209.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 115.20 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.37 209.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 156.63 209.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 193.99 209.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 234.13 209.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 251.50 209.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 271.38 209.25 Td (mainly ) Tj ET Q q 0 0 0 rg BT 301.54 209.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 345.02 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 365.18 209.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 387.00 209.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 437.15 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.97 209.25 Td (related ) Tj ET Q q 0 0 0 rg BT 483.56 209.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 520.93 209.25 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 103.81 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 113.75 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.13 197.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 148.07 197.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 173.56 197.25 Td (by ) Tj ET Q q 0 0 0 rg BT 185.72 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.21 197.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 241.13 197.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 284.40 197.25 Td (with ) Tj ET Q q 0 0 0 rg BT 304.34 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 310.94 197.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 353.64 197.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 390.78 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.27 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.65 197.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 455.57 197.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 478.34 197.25 Td (. ) Tj ET Q q 0 0 0 rg BT 483.01 197.25 Td (In ) Tj ET Q q 0 0 0 rg BT 493.50 197.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 522.86 197.25 Td (instances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (we ) Tj ET Q q 0 0 0 rg BT 65.10 185.25 Td (use ) Tj ET Q q 0 0 0 rg BT 81.88 185.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 129.19 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.42 185.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 174.95 185.25 Td (some ) Tj ET Q q 0 0 0 rg BT 199.51 185.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 231.84 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.61 185.25 Td (this ) Tj ET Q q 0 0 0 rg BT 261.50 185.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 282.45 185.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 301.44 185.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 348.76 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 364.41 185.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 413.38 185.25 Td (with ) Tj ET Q q 0 0 0 rg BT 434.61 185.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 486.92 185.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 547.01 185.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.87 173.25 Td (for ) Tj ET Q q 0 0 0 rg BT 96.86 173.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 137.51 173.25 Td (based ) Tj ET Q q 0 0 0 rg BT 162.60 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.93 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 181.69 173.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 216.79 173.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 251.10 173.25 Td (As ) Tj ET Q q 0 0 0 rg BT 264.54 173.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.68 173.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 320.90 173.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.90 173.25 Td (, ) Tj ET Q q 0 0 0 rg BT 345.72 173.25 Td (all ) Tj ET Q q 0 0 0 rg BT 358.04 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.70 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 384.36 173.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 426.66 173.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 476.75 173.25 Td (were ) Tj ET Q q 0 0 0 rg BT 498.51 173.25 Td (related ) Tj ET Q q 0 0 0 rg BT 528.03 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 538.14 173.25 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.18 161.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 107.90 161.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 149.62 161.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 200.24 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 210.87 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.94 161.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 257.11 161.25 Td (course ) Tj ET Q q 0 0 0 rg BT 286.06 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.25 161.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 335.86 161.25 Td (A) Tj ET Q q 0 0 0 rg BT 342.53 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 345.38 161.25 Td (change ) Tj ET Q q 0 0 0 rg BT 376.55 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 387.18 161.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 418.91 161.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 459.51 161.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 481.24 161.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.09 161.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.42 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.27 161.25 Td (would ) Tj ET Q q 0 0 0 rg BT 543.13 161.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 86.47 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.83 149.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 118.86 149.25 Td (value ) Tj ET Q q 0 0 0 rg BT 143.67 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.15 149.25 Td (these ) Tj ET Q q 0 0 0 rg BT 178.85 149.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 218.09 149.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 254.56 149.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.49 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 281.97 149.25 Td (Condensed ) Tj ET Q q 0 0 0 rg BT 329.56 149.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 385.48 149.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 420.83 149.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 450.09 149.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.24 149.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 476.40 149.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.29 149.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.44 149.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.11 149.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 137.25 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (45) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td ( ITEM 8. FINANCIAL) Tj ET Q q 0 0 0 rg BT 147.79 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 161.78 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 168.26 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 219.11 742.25 Td (AND SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 310.87 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 324.96 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 331.81 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 348.01 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 353.94 742.25 Td (A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.20 721.25 Td (Management) Tj ET Q q 0 0 0 rg BT 201.26 721.25 Td (s ) Tj ET Q q 0 0 0 rg BT 207.10 721.25 Td (Annual Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 349.70 721.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 381.46 721.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.88 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.89 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.79 706.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.36 706.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.71 706.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 229.94 706.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.28 706.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 294.73 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.85 706.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 362.30 706.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 400.51 706.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 433.74 706.25 Td (control ) Tj ET Q q 0 0 0 rg BT 464.74 706.25 Td (over ) Tj ET Q q 0 0 0 rg BT 485.19 706.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.85 706.25 Td (reporting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.46 694.25 Td (such ) Tj ET Q q 0 0 0 rg BT 82.92 694.25 Td (term ) Tj ET Q q 0 0 0 rg BT 104.37 694.25 Td (is ) Tj ET Q q 0 0 0 rg BT 114.17 694.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 147.29 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 158.19 694.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 184.10 694.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 224.99 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.55 694.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 284.00 694.25 Td (under ) Tj ET Q q 0 0 0 rg BT 309.90 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.25 694.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 367.81 694.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 409.67 694.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 427.24 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.70 694.25 Td (1934. ) Tj ET Q q 0 0 0 rg BT 464.10 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 482.78 694.25 Td (Company) Tj ET Q q 0 0 0 rg BT 524.44 694.25 Td (s ) Tj ET Q q 0 0 0 rg BT 531.46 694.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (control ) Tj ET Q q 0 0 0 rg BT 81.63 682.25 Td (over ) Tj ET Q q 0 0 0 rg BT 102.70 682.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.98 682.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 180.94 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 190.92 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 198.66 682.25 Td (process ) Tj ET Q q 0 0 0 rg BT 231.95 682.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 270.80 682.25 Td (by) Tj ET Q q 0 0 0 rg BT 280.15 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 285.95 682.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.59 682.25 Td (under ) Tj ET Q q 0 0 0 rg BT 323.66 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.18 682.25 Td (supervision ) Tj ET Q q 0 0 0 rg BT 388.59 682.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 402.72 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.24 682.25 Td (Company) Tj ET Q q 0 0 0 rg BT 459.91 682.25 Td (s ) Tj ET Q q 0 0 0 rg BT 467.10 682.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 505.95 682.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 547.56 682.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 89.36 670.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.17 670.25 Td (of) Tj ET Q q 0 0 0 rg BT 136.32 670.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 162.34 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.60 670.25 Td (ef) Tj ET Q q 0 0 0 rg BT 188.19 670.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 216.44 670.25 Td (by ) Tj ET Q q 0 0 0 rg BT 230.26 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.30 670.25 Td (Company) Tj ET Q q 0 0 0 rg BT 287.96 670.25 Td (s ) Tj ET Q q 0 0 0 rg BT 295.68 670.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 323.94 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.09 670.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 379.62 670.25 Td (management ) Tj ET Q q 0 0 0 rg BT 434.53 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.79 670.25 Td (other ) Tj ET Q q 0 0 0 rg BT 477.16 670.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 519.86 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.46 670.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 94.25 658.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 134.61 658.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 174.42 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.13 658.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 228.50 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.32 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.79 658.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 312.94 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.87 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.58 658.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 389.61 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.43 658.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 435.91 658.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 479.61 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.76 658.25 Td (external ) Tj ET Q q 0 0 0 rg BT 526.46 658.25 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 646.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.74 646.25 Td (with ) Tj ET Q q 0 0 0 rg BT 128.02 646.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 167.72 646.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 205.19 646.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 251.56 646.25 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.57 625.25 Td (Company) Tj ET Q q 0 0 0 rg BT 109.24 625.25 Td (s ) Tj ET Q q 0 0 0 rg BT 115.15 625.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 147.72 625.25 Td (control ) Tj ET Q q 0 0 0 rg BT 178.07 625.25 Td (over ) Tj ET Q q 0 0 0 rg BT 197.87 625.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 234.87 625.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 273.55 625.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 308.90 625.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 342.03 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.50 625.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 404.39 625.25 Td (that ) Tj ET Q q 0 0 0 rg BT 421.41 625.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 445.64 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.44 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 469.68 625.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 522.24 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 532.59 625.25 Td (records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 69.01 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 78.29 613.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 122.56 613.25 Td (detail, ) Tj ET Q q 0 0 0 rg BT 148.78 613.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 191.37 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.32 613.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 230.48 613.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 257.53 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.25 613.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 320.53 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.48 613.25 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 385.77 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.61 613.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 420.46 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.30 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.02 613.25 Td (Company; ) Tj ET Q q 0 0 0 rg BT 487.20 613.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 519.25 613.25 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 90.78 601.25 Td (that ) Tj ET Q q 0 0 0 rg BT 107.68 601.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 157.35 601.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.47 601.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 208.35 601.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.59 601.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 259.36 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.05 601.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 297.06 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.19 601.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 358.63 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.87 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.99 601.25 Td (Company) Tj ET Q q 0 0 0 rg BT 424.66 601.25 Td (s ) Tj ET Q q 0 0 0 rg BT 430.46 601.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 482.91 601.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 601.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.95 589.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 109.08 589.25 Td (with ) Tj ET Q q 0 0 0 rg BT 130.02 589.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 170.40 589.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 208.54 589.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 255.58 589.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 298.18 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.79 589.25 Td (that ) Tj ET Q q 0 0 0 rg BT 333.95 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.34 589.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 383.60 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.21 589.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 455.47 589.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.97 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.35 589.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.41 589.25 Td (are ) Tj ET Q q 0 0 0 rg BT 539.79 589.25 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (made ) Tj ET Q q 0 0 0 rg BT 75.21 577.25 Td (only ) Tj ET Q q 0 0 0 rg BT 96.54 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.87 577.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 156.39 577.25 Td (with ) Tj ET Q q 0 0 0 rg BT 177.72 577.25 Td (authorization ) Tj ET Q q 0 0 0 rg BT 234.03 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.92 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.69 577.25 Td (Company) Tj ET Q q 0 0 0 rg BT 303.35 577.25 Td (s ) Tj ET Q q 0 0 0 rg BT 310.80 577.25 Td (management ) Tj ET Q q 0 0 0 rg BT 365.44 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.43 577.25 Td (directors; ) Tj ET Q q 0 0 0 rg BT 424.75 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.74 577.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 476.84 577.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 523.15 577.25 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.81 565.25 Td (prevention ) Tj ET Q q 0 0 0 rg BT 136.07 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.89 565.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 174.94 565.25 Td (detection ) Tj ET Q q 0 0 0 rg BT 214.08 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.91 565.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 279.60 565.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 328.48 565.25 Td (use ) Tj ET Q q 0 0 0 rg BT 344.30 565.25 Td (or ) Tj ET Q q 0 0 0 rg BT 355.13 565.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 401.52 565.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.34 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.05 565.25 Td (Company) Tj ET Q q 0 0 0 rg BT 468.72 565.25 Td (s ) Tj ET Q q 0 0 0 rg BT 475.10 565.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.93 565.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.42 565.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.13 565.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 553.25 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 553.25 Td (ef) Tj ET Q q 0 0 0 rg BT 99.79 553.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.27 553.25 Td (on ) Tj ET Q q 0 0 0 rg BT 129.77 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 553.25 Td (Company) Tj ET Q q 0 0 0 rg BT 186.15 553.25 Td (s ) Tj ET Q q 0 0 0 rg BT 192.54 553.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 245.59 553.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.07 553.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 84.59 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.19 532.25 Td (its ) Tj ET Q q 0 0 0 rg BT 104.91 532.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 138.94 532.25 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 185.49 532.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 217.30 532.25 Td (control ) Tj ET Q q 0 0 0 rg BT 246.90 532.25 Td (over ) Tj ET Q q 0 0 0 rg BT 265.94 532.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.19 532.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 340.12 532.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.60 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 372.65 532.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 403.91 532.25 Td (or ) Tj ET Q q 0 0 0 rg BT 413.51 532.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 438.65 532.25 Td (misstatements. ) Tj ET Q q 0 0 0 rg BT 498.81 532.25 Td (Also, ) Tj ET Q q 0 0 0 rg BT 521.47 532.25 Td (projection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 520.25 Td (any ) Tj ET Q q 0 0 0 rg BT 77.28 520.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 121.19 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.78 520.25 Td (ef) Tj ET Q q 0 0 0 rg BT 139.37 520.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 186.05 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.08 520.25 Td (future ) Tj ET Q q 0 0 0 rg BT 222.22 520.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 253.91 520.25 Td (is ) Tj ET Q q 0 0 0 rg BT 262.84 520.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 293.42 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.46 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.93 520.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 335.19 520.25 Td (that ) Tj ET Q q 0 0 0 rg BT 352.44 520.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 386.92 520.25 Td (may ) Tj ET Q q 0 0 0 rg BT 406.39 520.25 Td (become ) Tj ET Q q 0 0 0 rg BT 439.74 520.25 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 485.31 520.25 Td (because ) Tj ET Q q 0 0 0 rg BT 519.21 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.80 520.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 508.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 104.44 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 115.27 508.25 Td (that ) Tj ET Q q 0 0 0 rg BT 132.77 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.49 508.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 176.63 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.46 508.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 236.05 508.25 Td (with ) Tj ET Q q 0 0 0 rg BT 256.33 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 508.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 304.65 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.59 508.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 367.95 508.25 Td (may ) Tj ET Q q 0 0 0 rg BT 387.67 508.25 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.58 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.28 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.88 487.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 175.14 487.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 212.40 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.99 487.25 Td (ef) Tj ET Q q 0 0 0 rg BT 235.58 487.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 283.37 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.08 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.67 487.25 Td (Company) Tj ET Q q 0 0 0 rg BT 352.34 487.25 Td (s ) Tj ET Q q 0 0 0 rg BT 359.60 487.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 393.52 487.25 Td (control ) Tj ET Q q 0 0 0 rg BT 425.22 487.25 Td (over ) Tj ET Q q 0 0 0 rg BT 446.37 487.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.72 487.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 524.75 487.25 Td (using ) Tj ET Q q 0 0 0 rg BT 549.80 487.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 80.73 475.25 Td (established ) Tj ET Q q 0 0 0 rg BT 127.59 475.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 137.79 475.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 172.43 475.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 195.40 475.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 205.60 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.02 475.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 257.09 475.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 306.18 475.25 Td (\(1992\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.84 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.26 475.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 362.68 475.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.10 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 475.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 436.60 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.35 475.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 495.34 475.25 Td (Or) Tj ET Q q 0 0 0 rg BT 505.71 475.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 553.67 475.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 463.25 Td (T) Tj ET Q q 0 0 0 rg BT 70.30 463.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 106.68 463.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 159.76 463.25 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 198.10 463.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 225.05 463.25 Td (on ) Tj ET Q q 0 0 0 rg BT 237.56 463.25 Td (its ) Tj ET Q q 0 0 0 rg BT 249.52 463.25 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 298.96 463.25 Td (management ) Tj ET Q q 0 0 0 rg BT 352.56 463.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 400.05 463.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.56 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.28 463.25 Td (Company) Tj ET Q q 0 0 0 rg BT 473.95 463.25 Td (s ) Tj ET Q q 0 0 0 rg BT 480.35 463.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.40 463.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.24 463.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 451.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.64 451.25 Td (was ) Tj ET Q q 0 0 0 rg BT 144.69 451.25 Td (ef) Tj ET Q q 0 0 0 rg BT 152.28 451.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 181.98 451.25 Td (as ) Tj ET Q q 0 0 0 rg BT 192.81 451.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.09 451.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 249.48 451.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.48 451.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 150.88 430.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 167.55 430.25 Td (, ) Tj ET Q q 0 0 0 rg BT 171.52 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.21 430.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 235.55 430.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 276.45 430.25 Td (public ) Tj ET Q q 0 0 0 rg BT 302.91 430.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 348.25 430.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 366.94 430.25 Td (that ) Tj ET Q q 0 0 0 rg BT 383.40 430.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 414.31 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.99 430.25 Td (Company) Tj ET Q q 0 0 0 rg BT 469.66 430.25 Td (s ) Tj ET Q q 0 0 0 rg BT 475.02 430.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.03 430.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 93.99 418.25 Td (included ) Tj ET Q q 0 0 0 rg BT 130.20 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.76 418.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.59 418.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 186.81 418.25 Td (Report, ) Tj ET Q q 0 0 0 rg BT 218.30 418.25 Td (also ) Tj ET Q q 0 0 0 rg BT 236.19 418.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 267.40 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.39 418.25 Td (ef) Tj ET Q q 0 0 0 rg BT 288.98 418.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 335.18 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.29 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.28 418.25 Td (Company) Tj ET Q q 0 0 0 rg BT 400.95 418.25 Td (s ) Tj ET Q q 0 0 0 rg BT 406.61 418.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.93 418.25 Td (control ) Tj ET Q q 0 0 0 rg BT 469.04 418.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.58 418.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.34 418.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.11 406.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 117.50 406.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.50 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.50 406.25 Td (as ) Tj ET Q q 0 0 0 rg BT 153.33 406.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 179.16 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.43 406.25 Td (their ) Tj ET Q q 0 0 0 rg BT 210.26 406.25 Td (report ) Tj ET Q q 0 0 0 rg BT 236.64 406.25 Td (included ) Tj ET Q q 0 0 0 rg BT 273.57 406.25 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 365.32 Td (Tamara L. Lundgren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 364.42 Td (Richard D. Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.32 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 349.42 Td (Senior Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.32 Td (October 28, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 334.42 Td (October 28, 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (46) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 742.25 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 742.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 742.25 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 711.05 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 711.05 Td (o the Board of Directors and Shareholders of Schnitzer Steel Industries, Inc.:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 687.05 Td (In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.05 Td (comprehensive income \(loss\), equity and cash flows present fairly) Tj ET Q q 0 0 0 rg BT 313.99 675.05 Td (, in all material respects, the financial position of Schnitzer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.05 Td (Steel Industries, Inc. and its subsidiaries at ) Tj ET Q q 0 0 0 rg BT 222.47 663.05 Td (August 31, 2014 and 2013, and the results of their operations and their cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 651.05 Td (for each of the three years in the period ended ) Tj ET Q q 0 0 0 rg BT 235.47 651.05 Td (August 31, 2014 in conformity with accounting principles generally accepted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 639.05 Td (the United States of ) Tj ET Q q 0 0 0 rg BT 131.10 639.05 Td (America. In addition, in our opinion, the financial statement schedule index appearing under Item 15\(a\)\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 627.05 Td (presents fairly) Tj ET Q q 0 0 0 rg BT 106.27 627.05 Td (, in all material respects, the information set forth therein when read in conjunction with the related consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.05 Td (financial statements. ) Tj ET Q q 0 0 0 rg BT 134.14 615.05 Td (Also in our opinion, the Company maintained, in all material respects, ef) Tj ET Q q 0 0 0 rg BT 425.56 615.05 Td (fective internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.05 Td (financial reporting as of ) Tj ET Q q 0 0 0 rg BT 147.74 603.05 Td (August 31, 2014, based on criteria established in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 344.93 603.05 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 402.61 603.05 Td (ol - Integrated Framework \(1992\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.05 Td (issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 220.92 591.05 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 294.33 591.05 Td (T) Tj ET Q q 0 0 0 rg BT 300.08 591.05 Td (readway Commission \(COSO\). ) Tj ET Q q 0 0 0 rg BT 427.67 591.05 Td (The Company) Tj ET Q q 0 0 0 rg BT 487.38 591.05 Td (s management is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.05 Td (responsible for these financial statements and financial statement schedules, for maintaining ef) Tj ET Q q 0 0 0 rg BT 428.58 579.05 Td (fective internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.05 Td (financial reporting and for its assessment of the ef) Tj ET Q q 0 0 0 rg BT 249.76 567.05 Td (fectiveness of internal control over financial reporting, included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.05 Td (accompanying Management) Tj ET Q q 0 0 0 rg BT 165.79 555.05 Td (s ) Tj ET Q q 0 0 0 rg BT 171.63 555.05 Td (Annual Report on Internal Control Over Financial Reporting. Our responsibility is to express ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.05 Td (opinions on these financial statements, on the financial statement schedules, and on the Company) Tj ET Q q 0 0 0 rg BT 442.40 543.05 Td (s internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.05 Td (financial reporting based on our integrated audits. ) Tj ET Q q 0 0 0 rg BT 251.42 531.05 Td (W) Tj ET Q q 0 0 0 rg BT 260.06 531.05 Td (e conducted our audits in accordance with the standards of the Public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.83 519.05 Td (Accounting Oversight Board \(United States\). ) Tj ET Q q 0 0 0 rg BT 273.95 519.05 Td (Those standards require that we plan and perform the audits to obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.05 Td (reasonable assurance about whether the financial statements are free of material misstatement and whether ef) Tj ET Q q 0 0 0 rg BT 486.29 507.05 Td (fective internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.05 Td (control over financial reporting was maintained in all material respects. Our audits of the financial statements included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.05 Td (examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.05 Td (accounting principles used and significant estimates made by management, and evaluating the overall financial statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.05 Td (presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.05 Td (financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.05 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 435.05 Td (fectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.05 Td (considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 223.64 423.05 Td (W) Tj ET Q q 0 0 0 rg BT 232.28 423.05 Td (e believe that our audits provide a reasonable basis for our opinions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 399.05 Td ( company) Tj ET Q q 0 0 0 rg BT 98.60 399.05 Td (s internal control over financial reporting is a process designed to provide reasonable assurance regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.05 Td (reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.05 Td (accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 177.72 375.05 Td (A) Tj ET Q q 0 0 0 rg BT 184.39 375.05 Td ( company) Tj ET Q q 0 0 0 rg BT 226.33 375.05 Td (s internal control over financial reporting includes those policies and procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.05 Td (that \(i\) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.05 Td (dispositions of the assets of the company; \(ii\) provide reasonable assurance that transactions are recorded as necessary to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.05 Td (permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.05 Td (expenditures of the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.05 Td (company; and \(iii\) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.05 Td (disposition of the company) Tj ET Q q 0 0 0 rg BT 161.38 303.05 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 306.97 303.05 Td (fect on the financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.05 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 518.20 279.05 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.05 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 267.05 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.05 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.05 Td (/s/ PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.05 Td (PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.05 Td (Portland, Oregon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (October 28, 2014) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (47) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.40 727.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 279.22 727.25 Td (TED BALANCE SHEETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 715.25 Td (\(in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 705.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 669.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 669.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 669.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 643.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 643.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 643.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 643.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 617.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 617.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 617.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 591.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 591.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 591.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.15 388.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 565.15 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 565.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 565.15 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 540.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 540.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 540.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 540.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 514.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 514.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 514.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 488.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 488.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 488.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 462.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 462.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 462.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 462.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 436.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 436.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 436.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 436.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 410.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 410.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 410.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 384.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 384.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 384.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 358.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 358.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 358.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 358.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 332.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 332.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 332.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 332.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 306.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 306.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 306.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 280.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 280.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 280.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 280.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 254.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 254.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 254.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 228.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 228.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 228.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 228.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 202.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 202.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 202.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 202.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 176.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 176.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 176.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 176.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 150.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 150.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 150.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 150.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 124.15 388.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 124.15 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 124.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 124.15 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 682.15 m 498.5 682.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 682.15 m 502.5 682.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 682.15 m 562.5 682.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 682.15 m 498.5 682.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 669.15 m 498.5 669.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 682.15 m 562.5 682.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 669.15 m 562.5 669.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 565.15 m 498.5 565.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 565.15 m 562.5 565.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 488.15 m 498.5 488.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 488.15 m 562.5 488.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 475.15 m 498.5 475.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 475.15 m 562.5 475.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 371.15 m 498.5 371.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 371.15 m 562.5 371.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 306.15 m 498.5 306.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 306.15 m 562.5 306.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 293.15 m 498.5 293.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 306.15 m 562.5 306.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 293.15 m 562.5 293.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 293.15 m 498.5 293.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 293.15 m 562.5 293.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 163.14999999999998 m 498.5 163.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 163.14999999999998 m 562.5 163.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 137.14999999999998 m 498.5 137.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 137.14999999999998 m 562.5 137.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 124.14999999999998 m 498.5 124.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 124.14999999999998 m 562.5 124.14999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 111.14999999999998 m 498.5 111.14999999999998 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 111.14999999999998 m 562.5 111.14999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 686.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.20 685.88 Td (August 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 672.88 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 672.88 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 659.88 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 646.72 Td (Current assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 633.72 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 633.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 633.72 Td (25,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 633.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 633.72 Td (13,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 620.72 Td (Accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 620.72 Td (189,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 620.72 Td (188,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 607.72 Td (Inventories, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 607.72 Td (216,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 607.72 Td (236,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 594.72 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 594.72 Td (6,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 594.72 Td (3,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 581.72 Td (Refundable income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 581.72 Td (1,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 581.72 Td (3,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 568.72 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 568.72 Td (24,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 568.72 Td (22,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 555.77 Td (Total current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 555.77 Td (463,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 555.77 Td (467,230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.72 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 543.72 Td (523,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 543.72 Td (564,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.72 Td (Investments in joint venture partnerships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 530.72 Td (14,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 530.72 Td (14,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 517.72 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 517.72 Td (325,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 517.72 Td (327,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.72 Td (Intangibles, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 504.72 Td (9,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 504.72 Td (13,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.72 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 491.72 Td (17,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 491.72 Td (18,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 478.72 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 478.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 478.72 Td (1,355,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 478.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 478.72 Td (1,405,512) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 197.55 465.88 Td (Liabilities and Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.72 Td (Current liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 439.72 Td (Short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 439.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 439.72 Td (523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 439.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 439.72 Td (9,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 426.72 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 426.72 Td (103,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 426.72 Td (96,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 413.72 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 413.72 Td (32,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 413.72 Td (24,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 400.72 Td (Environmental liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 400.72 Td (1,062) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 400.72 Td (754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 387.72 Td (Accrued income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 387.72 Td (3,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 387.72 Td (388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 374.72 Td (Other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 374.72 Td (36,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 374.72 Td (35,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 361.72 Td (Total current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 361.72 Td (177,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 361.72 Td (166,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 348.72 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 348.72 Td (22,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 348.72 Td (22,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.72 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 335.72 Td (318,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 335.72 Td (372,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 322.72 Td (Environmental liabilities, net of current portion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 322.72 Td (47,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 322.72 Td (49,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 309.72 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 309.72 Td (13,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 309.72 Td (13,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 296.72 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 296.72 Td (579,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 296.72 Td (624,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.72 Td (Commitments and contingencies \(Note 11\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.72 Td (Schnitzer Steel Industries, Inc. \(SSI\) shareholders equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 257.72 Td (Preferred stock 20,000 shares $1.00 par value authorized, none issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 257.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 257.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 244.72 Td (ClassA common stock 75,000 shares $1.00 par value authorized,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 231.72 Td (26,384 and 26,171 shares issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 231.72 Td (26,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 231.72 Td (26,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 218.72 Td (Class B common stock 25,000 shares $1.00 par value authorized,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 205.72 Td (306 and 393 shares issued and outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 205.72 Td (306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 205.72 Td (393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 192.72 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 192.72 Td (19,164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 192.72 Td (7,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 179.72 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 179.72 Td (737,571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 179.72 Td (751,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 166.72 Td (Accumulated other comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 166.77 Td (\(12,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 166.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 166.77 Td (\(9,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 166.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 153.72 Td (Total SSI shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 153.72 Td (770,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 153.72 Td (776,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.72 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 140.72 Td (5,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 140.72 Td (4,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 127.72 Td (Total equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 127.72 Td (775,977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 127.72 Td (781,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.00 114.72 Td (Total liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 114.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 114.72 Td (1,355,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 114.72 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 114.72 Td (1,405,512) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 87.65 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (48) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.15 727.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.97 727.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.52 727.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.00 727.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.92 727.25 Td ( OPERA) Tj ET Q q 0 0 0 rg BT 391.68 727.25 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.65 715.25 Td (\(in thousands, except per) Tj ET Q q 0 0 0 rg BT 325.14 715.25 Td ( shar) Tj ET Q q 0 0 0 rg BT 346.36 715.25 Td (e amounts\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 705.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 667.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 667.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 667.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 667.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 667.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 637.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 637.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 637.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 637.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 637.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 607.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 607.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 607.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 607.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 607.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 577.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 577.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 577.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 577.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 577.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 547.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 547.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 547.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 547.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 547.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 517.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 517.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 517.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 517.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 517.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 487.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 487.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 487.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 487.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 487.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 457.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 457.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 457.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 457.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 457.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 457.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 427.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 427.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 427.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 427.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 427.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 397.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 397.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 397.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 397.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 397.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 367.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 367.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 367.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 367.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 367.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 367.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 337.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 337.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 337.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 337.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 337.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 307.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 307.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 307.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 307.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 307.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 307.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 277.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 277.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 277.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 277.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 277.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 277.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 247.15 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 247.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 247.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 247.15 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 247.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 247.15 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 681.15 m 434.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 681.15 m 438.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.15 m 498.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 681.15 m 502.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 681.15 m 562.5 681.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 667.15 m 434.5 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 667.15 m 498.5 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 667.15 m 562.5 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 547.15 m 434.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547.15 m 498.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 547.15 m 562.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547.15 m 498.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 547.15 m 562.5 547.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 502.15 m 434.5 502.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 502.15 m 498.5 502.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 502.15 m 562.5 502.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 472.15 m 434.5 472.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 472.15 m 498.5 472.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 472.15 m 562.5 472.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 442.15 m 434.5 442.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 442.15 m 498.5 442.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 442.15 m 562.5 442.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 412.15 m 434.5 412.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 412.15 m 498.5 412.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 412.15 m 562.5 412.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 397.15 m 434.5 397.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 397.15 m 498.5 397.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 397.15 m 562.5 397.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 352.15 m 434.5 352.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 352.15 m 498.5 352.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 352.15 m 562.5 352.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 337.15 m 434.5 337.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 337.15 m 498.5 337.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 337.15 m 562.5 337.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 292.15 m 434.5 292.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 292.15 m 498.5 292.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 292.15 m 562.5 292.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 277.15 m 434.5 277.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 277.15 m 498.5 277.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 277.15 m 562.5 277.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 277.15 m 434.5 277.15 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 685.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 685.83 Td (Year Ended August 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 671.40 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.00 671.83 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 671.83 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 671.83 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.82 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 656.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 656.82 Td (2,543,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 656.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 656.82 Td (2,621,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 656.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 656.82 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.82 Td (Operating expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 626.82 Td (Cost of goods sold) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 626.82 Td (2,324,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 626.82 Td (2,415,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 626.82 Td (3,079,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 611.82 Td (Selling, general and administrative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 611.82 Td (191,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 611.82 Td (193,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 611.82 Td (205,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 596.82 Td (Income from joint ventures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 596.87 Td (\(1,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 596.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 596.87 Td (\(1,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 596.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 596.87 Td (\(2,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 596.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 581.82 Td (Goodwill impairment charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 581.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 581.82 Td (321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 581.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 566.82 Td (Other asset impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 566.82 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 566.82 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 566.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 551.82 Td (Restructuring charges and other exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 551.82 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 551.82 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 551.82 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.82 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 536.82 Td (20,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 536.87 Td (\(327,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 536.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 536.82 Td (53,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.82 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.80 521.87 Td (\(10,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 521.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 521.87 Td (\(9,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 521.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 521.87 Td (\(11,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 521.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.82 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 506.82 Td (1,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 506.82 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 506.82 Td (1,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.82 Td (Income \(loss\) from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 491.82 Td (10,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 491.87 Td (\(337,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 491.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 491.82 Td (42,956) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.82 Td (Income tax \(expense\) benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 476.87 Td (\(2,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 476.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 476.82 Td (57,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 476.87 Td (\(14,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 476.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.82 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 461.82 Td (8,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 461.87 Td (\(280,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 461.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 461.82 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.82 Td (Income from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 446.82 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 446.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 446.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.82 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 431.82 Td (9,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 431.87 Td (\(280,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 431.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 431.82 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 416.82 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 416.87 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 416.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 416.87 Td (\(1,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 416.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 416.87 Td (\(1,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 416.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.82 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 401.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 401.82 Td (5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 401.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 401.87 Td (\(281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 401.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 401.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 401.82 Td (27,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.82 Td (Basic:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 371.82 Td (Income \(loss\) per share from continuing operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 371.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 371.82 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 371.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 371.87 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 371.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 371.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 371.82 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 356.82 Td (Income per share from discontinued operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 356.82 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 356.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 356.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 341.82 Td (Net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 341.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 341.82 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 341.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 341.87 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 341.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 341.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 341.82 Td (1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.82 Td (Diluted:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 311.82 Td (Income \(loss\) per share from continuing operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 311.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 311.82 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 311.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 311.87 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 311.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 311.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 311.82 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 296.82 Td (Income per share from discontinued operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 296.82 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 296.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 296.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 281.82 Td (Net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 281.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 281.82 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 281.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 281.87 Td (\(10.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 281.82 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 281.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 281.82 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.82 Td (Weighted average number of common shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 251.82 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 251.82 Td (26,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 251.82 Td (26,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 251.82 Td (27,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 236.82 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 236.82 Td (27,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 236.82 Td (26,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 236.82 Td (27,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.82 Td (Dividends declared per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 221.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 221.82 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 221.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 221.82 Td (0.750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 221.82 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 221.82 Td (0.410) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 193.65 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (49) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.40 730.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 197.22 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 231.78 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 238.25 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 303.17 730.25 Td ( COMPREHENSIVE INCOME \(LOSS\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 718.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 667.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 667.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 667.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 667.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 667.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 637.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 637.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 637.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 637.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 607.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 607.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 607.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 607.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 577.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 577.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 577.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 577.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 547.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 547.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 547.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 547.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 507.75 333.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 507.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 507.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 507.75 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 507.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 507.75 57.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 681.75 m 439.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 681.75 m 443.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 681.75 m 500.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 681.75 m 504.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 681.75 m 561.5 681.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 667.75 m 439.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 667.75 m 500.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 667.75 m 561.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 667.75 m 439.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 667.75 m 500.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 667.75 m 561.5 667.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 592.75 m 439.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 592.75 m 500.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 592.75 m 561.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 592.75 m 439.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 577.75 m 439.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 592.75 m 500.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 577.75 m 500.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 577.75 m 561.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 562.75 m 439.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 562.75 m 500.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 562.75 m 561.5 562.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 507.75 m 439.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 507.75 m 500.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 507.75 m 561.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 507.75 m 439.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 507.75 m 500.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 492.75 m 439.5 492.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 477.75 m 439.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 492.75 m 500.5 492.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 477.75 m 500.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 492.75 m 561.5 492.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 477.75 m 561.5 477.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 686.43 Td (Year Ended August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.50 672.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.50 672.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.50 672.43 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 657.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 657.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 657.42 Td (9,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 657.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 657.47 Td (\(280,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 657.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 657.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 657.42 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 642.42 Td (Other comprehensive income \(loss\), net of tax:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 627.42 Td (Foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 233.57 631.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 627.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 627.47 Td (\(9,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 627.47 Td (\(2,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 627.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 612.42 Td (Cash flow hedges, net) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.32 616.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 612.42 Td (179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 612.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 612.47 Td (\(116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 612.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 597.42 Td (Pension obligations, net) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.83 601.95 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 597.42 Td (781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 597.42 Td (3,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 597.47 Td (\(2,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 597.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 582.42 Td (Total other comprehensive loss, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 582.47 Td (\(3,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 582.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 582.47 Td (\(5,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 582.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 582.47 Td (\(4,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 582.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 567.42 Td (Comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 567.42 Td (6,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 567.47 Td (\(285,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 567.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 567.42 Td (24,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 552.42 Td (Less amounts attributable to noncontrolling interests:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 537.42 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 537.47 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 537.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 537.47 Td (\(1,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 537.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 537.47 Td (\(1,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 537.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 522.42 Td (Foreign currency translation adjustment attributable to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 512.42 Td (redeemable noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 512.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 512.47 Td (\(1,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 512.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 512.42 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.42 Td (Total amounts attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 497.47 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 497.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 497.47 Td (\(2,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 497.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 497.47 Td (\(1,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 497.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 482.42 Td (Comprehensive income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 482.42 Td (2,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.80 482.47 Td (\(288,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 482.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 482.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 482.42 Td (23,275) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 465.65 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 447.65 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.33 447.65 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 447.65 Td (Net ) Tj ET Q q 0 0 0 rg BT 81.55 447.65 Td (of ) Tj ET Q q 0 0 0 rg BT 90.21 447.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.99 447.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 129.75 447.65 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 159.29 447.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.96 447.65 Td ($0 ) Tj ET Q q 0 0 0 rg BT 177.96 447.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.84 447.65 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.84 447.65 Td ($\(387\) ) Tj ET Q q 0 0 0 rg BT 234.17 447.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.06 447.65 Td ( ) Tj ET Q q 0 0 0 rg BT 265.06 447.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 278.61 447.65 Td ($\(109\) ) Tj ET Q q 0 0 0 rg BT 301.94 447.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.82 447.65 Td ( ) Tj ET Q q 0 0 0 rg BT 332.82 447.65 Td (for ) Tj ET Q q 0 0 0 rg BT 344.15 447.65 Td (each ) Tj ET Q q 0 0 0 rg BT 360.80 447.65 Td (respective ) Tj ET Q q 0 0 0 rg BT 395.23 447.65 Td (period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 429.65 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.33 429.65 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 429.65 Td (Net ) Tj ET Q q 0 0 0 rg BT 81.55 429.65 Td (of ) Tj ET Q q 0 0 0 rg BT 90.21 429.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.99 429.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 129.75 429.65 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 159.29 429.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.96 429.65 Td ($\(5\) ) Tj ET Q q 0 0 0 rg BT 183.29 429.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.17 429.65 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.17 429.65 Td ($23 ) Tj ET Q q 0 0 0 rg BT 230.17 429.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.06 429.65 Td ( ) Tj ET Q q 0 0 0 rg BT 261.06 429.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.61 429.65 Td ($\(24\) ) Tj ET Q q 0 0 0 rg BT 293.94 429.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.82 429.65 Td ( ) Tj ET Q q 0 0 0 rg BT 324.82 429.65 Td (for ) Tj ET Q q 0 0 0 rg BT 336.15 429.65 Td (each ) Tj ET Q q 0 0 0 rg BT 352.80 429.65 Td (respective ) Tj ET Q q 0 0 0 rg BT 387.23 429.65 Td (period.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 411.65 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.33 411.65 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 411.65 Td (Net ) Tj ET Q q 0 0 0 rg BT 81.55 411.65 Td (of ) Tj ET Q q 0 0 0 rg BT 90.21 411.65 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.99 411.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 129.75 411.65 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 159.29 411.65 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.96 411.65 Td ($468 ) Tj ET Q q 0 0 0 rg BT 185.96 411.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 214.84 411.65 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 218.84 411.65 Td ($1,890 ) Tj ET Q q 0 0 0 rg BT 242.84 411.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.73 411.65 Td ( ) Tj ET Q q 0 0 0 rg BT 273.73 411.65 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.28 411.65 Td ($\(1,290\) ) Tj ET Q q 0 0 0 rg BT 316.61 411.65 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.50 411.65 Td ( ) Tj ET Q q 0 0 0 rg BT 347.50 411.65 Td (for ) Tj ET Q q 0 0 0 rg BT 358.82 411.65 Td (each ) Tj ET Q q 0 0 0 rg BT 375.48 411.65 Td (respective ) Tj ET Q q 0 0 0 rg BT 409.90 411.65 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 387.65 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.20 27.90 Td (50) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 300.20 27.90 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.53 27.90 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.70 587.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 397.80 587.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.30 572.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 352.12 572.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 386.68 572.25 Td (A) Tj ET Q q 0 0 0 rg BT 393.15 572.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 458.07 572.25 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.55 560.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 510.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 510.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 510.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 510.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 510.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 510.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 510.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 510.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 510.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 510.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 510.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 510.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 484.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 484.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 484.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 484.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 484.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 484.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 484.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 484.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 484.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 484.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 484.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 484.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 458.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 458.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 458.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 458.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 458.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 458.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 458.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 458.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 458.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 458.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 458.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 458.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 432.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 432.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 432.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 432.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 432.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 432.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 432.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 432.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 432.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 432.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 432.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 432.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 406.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 406.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 406.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 406.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 406.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 406.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 406.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 406.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 406.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 406.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 406.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 406.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 380.75 210.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 380.75 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 380.75 37.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 380.75 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 380.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 380.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 380.75 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 380.75 61.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 380.75 57.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 380.75 61.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 380.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 380.75 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 346.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 346.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 346.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 346.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 346.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 346.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 346.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 346.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 346.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 346.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 346.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 346.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 320.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 320.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 320.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 320.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 320.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 320.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 320.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 320.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 320.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 320.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 320.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 320.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 294.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 294.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 294.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 294.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 294.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 294.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 294.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 294.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 294.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 294.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 294.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 294.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 268.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 268.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 268.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 268.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 268.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 268.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 268.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 268.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 268.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 268.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 268.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 268.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 242.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 242.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 242.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 242.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 242.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 242.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 242.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 242.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 242.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 242.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 242.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 242.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 208.75 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 208.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 208.75 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 208.75 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 208.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 208.75 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 208.75 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 208.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 208.75 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 208.75 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 208.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 208.75 48.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 536.75 m 284.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 536.75 m 288.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 536.75 m 325.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 536.75 m 329.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 536.75 m 367.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 536.75 m 371.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 536.75 m 410.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 523.75 m 284.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 523.75 m 288.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 523.75 m 325.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 523.75 m 367.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 523.75 m 371.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 523.75 m 410.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 510.75 m 284.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 523.75 m 288.5 523.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 510.75 m 325.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 510.75 m 367.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 510.75 m 410.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 510.75 m 462.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 510.75 m 513.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 510.75 m 578.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 510.75 m 639.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 510.75 m 704.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 510.75 m 756.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 510.75 m 284.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 510.75 m 325.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 510.75 m 367.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 510.75 m 410.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 510.75 m 462.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 510.75 m 513.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 510.75 m 578.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 510.75 m 639.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 510.75 m 704.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 510.75 m 756.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 346.75 m 284.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 346.75 m 325.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 346.75 m 367.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 346.75 m 410.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 346.75 m 462.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 346.75 m 513.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 346.75 m 578.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 346.75 m 639.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 346.75 m 704.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 346.75 m 756.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 346.75 m 325.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 346.75 m 462.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 346.75 m 639.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 346.75 m 704.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 346.75 m 756.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 182.75 m 284.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 182.75 m 325.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 182.75 m 367.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 182.75 m 410.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 182.75 m 462.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 182.75 m 513.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 182.75 m 578.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 182.75 m 639.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 182.75 m 704.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 182.75 m 756.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 182.75 m 639.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 639.5 182.75 m 643.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 182.75 m 704.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704.5 182.75 m 708.5 182.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 182.75 m 756.5 182.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 515.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 540.98 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 530.98 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.55 522.98 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 514.98 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.15 522.98 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.90 514.98 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.80 538.98 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.35 530.98 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 522.98 Td (Compr) Tj ET Q q 0 0 0 rg BT 545.20 522.98 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.35 514.98 Td (Income \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 594.75 530.98 Td (T) Tj ET Q q 0 0 0 rg BT 599.35 530.98 Td (otal SSI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 586.85 522.98 Td (Shar) Tj ET Q q 0 0 0 rg BT 603.15 522.98 Td (eholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 598.90 514.98 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 647.75 522.98 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 680.05 522.98 Td (olling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 658.65 514.98 Td (Inter) Tj ET Q q 0 0 0 rg BT 675.83 514.98 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 723.25 522.98 Td (T) Tj ET Q q 0 0 0 rg BT 727.85 522.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.40 514.98 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.90 527.98 Td (Class A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 527.98 Td (Class B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.50 514.98 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.45 514.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 514.98 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.45 514.98 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 502.00 Td (Balance as of August 31, 2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 502.00 Td (24,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 502.00 Td (24,241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 502.00 Td (3,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.25 502.00 Td (3,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 502.00 Td (762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.25 502.00 Td (1,065,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.30 502.00 Td (1,540) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 585.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 604.25 502.00 Td (1,094,712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 646.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 502.00 Td (6,524) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 711.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 721.25 502.00 Td (1,101,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 489.00 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 76.10 492.63 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 488.25 489.00 Td (27,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 614.30 489.00 Td (27,404) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 489.00 Td (2,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 731.25 489.00 Td (30,080) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 476.00 Td (Other comprehensive loss, net of tax) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 156.30 479.63 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 476.05 Td (\(4,129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 476.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 476.05 Td (\(4,129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 476.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 476.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 476.05 Td (\(4,129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 476.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 463.00 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 463.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.30 463.00 Td (\(4,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 701.00 463.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 463.05 Td (\(4,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 463.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 450.00 Td (Share repurchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.60 450.00 Td (\(1,124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 450.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.60 450.00 Td (\(1,124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 450.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 450.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 450.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 450.00 Td (\(6,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 450.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 450.00 Td (\(25,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 450.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 450.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 450.05 Td (\(33,194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 450.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 450.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 450.05 Td (\(33,194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 450.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 437.00 Td (Restricted stock withheld for taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.60 437.00 Td (\(69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 437.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.60 437.00 Td (\(69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 437.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 437.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 437.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 437.00 Td (\(2,238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 437.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 437.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 437.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 437.05 Td (\(2,307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 437.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 437.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 437.05 Td (\(2,307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 437.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 424.00 Td (Issuance of restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 424.00 Td (199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 424.00 Td (199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 424.00 Td (\(199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 424.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 424.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 411.00 Td (Stock options exercised) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 411.00 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 411.00 Td (25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 411.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 411.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 411.00 Td (583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 411.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 411.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 624.30 411.00 Td (608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 411.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 741.30 411.00 Td (608) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 398.00 Td (Class B common stock converted to ClassA common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.30 398.00 Td (1,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 398.00 Td (1,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.60 398.00 Td (\(1,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.30 398.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.60 398.00 Td (\(1,947) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 398.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 398.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 398.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 398.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 398.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 398.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 398.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 385.00 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.25 385.00 Td (9,618) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 618.30 385.00 Td (9,618) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 385.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 735.25 385.00 Td (9,618) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 372.00 Td (Excess tax deficiency from stock options exercised and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 364.00 Td (restricted stock units vested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 364.00 Td (\(1,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 364.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 364.05 Td (\(1,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 364.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 364.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 364.05 Td (\(1,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 364.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 351.00 Td (Cash dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 351.00 Td (\(10,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 351.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 351.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 351.05 Td (\(10,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 351.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 692.00 351.01 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 351.05 Td (\(10,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 351.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 338.00 Td (Balance as of August 31, 2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 338.00 Td (25,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 338.00 Td (25,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.30 338.00 Td (1,113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.25 338.00 Td (1,113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 338.00 Td (816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 478.25 338.00 Td (1,056,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 338.05 Td (\(2,589) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 338.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 604.25 338.00 Td (1,080,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 338.00 Td (5,113) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 721.25 338.00 Td (1,085,696) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 325.00 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 95.88 328.63 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.60 325.00 Td (\(281,442) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 325.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 325.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 607.60 325.05 Td (\(281,442) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 325.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 325.00 Td (2,322) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 724.60 325.05 Td (\(279,120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 325.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 312.00 Td (Other comprehensive loss, net of tax) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 156.30 315.63 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 312.05 Td (\(6,772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 312.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 312.05 Td (\(6,772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 312.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 312.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 312.05 Td (\(6,772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 312.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 299.00 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 299.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.30 299.00 Td (\(2,794) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 701.00 299.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 299.05 Td (\(2,794) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 299.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 286.00 Td (Restricted stock withheld for taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.60 286.00 Td (\(102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.60 286.00 Td (\(102) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 286.00 Td (\(2,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 286.05 Td (\(2,673) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 286.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 286.05 Td (\(2,673) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 286.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 273.00 Td (Issuance of restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 273.00 Td (319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 273.00 Td (319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 273.00 Td (\(319) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 273.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 273.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 260.00 Td (Stock options exercised) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 260.00 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 260.00 Td (15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 260.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 260.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 260.00 Td (301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 260.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 260.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 624.30 260.00 Td (316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 260.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 741.30 260.00 Td (316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 247.00 Td (Class B common stock converted to ClassA common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 247.00 Td (720) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 247.00 Td (720) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.60 247.00 Td (\(720) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.30 247.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 392.60 247.00 Td (\(720) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 247.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 247.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 247.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 247.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 247.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 247.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 247.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 234.00 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 234.00 Td (11,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 614.30 234.00 Td (11,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 234.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 731.25 234.00 Td (11,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 221.00 Td (Excess tax deficiency from stock options exercised and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 213.00 Td (restricted stock units vested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 213.00 Td (\(2,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 213.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 213.05 Td (\(2,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 213.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 213.05 Td (\(2,226) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 213.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 200.00 Td (Adjustments to fair value of redeemable noncontrolling interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.60 200.00 Td (\(2,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 200.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 200.05 Td (\(2,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 200.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 200.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 200.05 Td (\(2,449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 200.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 187.00 Td (Cash dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 187.00 Td (\(20,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 187.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 187.05 Td (\(20,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 187.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 187.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 187.05 Td (\(20,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 187.00 Td (\)) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 592.10029296875 m 113.85693359375 592.10029296875 l s q 0 0 1 rg BT 50.00 593.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 593.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.20 27.90 Td (51) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 300.20 27.90 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.53 27.90 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 579.5 m 284.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 579.5 m 288.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 579.5 m 325.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 579.5 m 329.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 579.5 m 367.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 579.5 m 371.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 579.5 m 410.5 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 566.5 m 284.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 566.5 m 288.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 566.5 m 325.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 566.5 m 367.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 566.5 m 371.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 566.5 m 410.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 553.5 m 284.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 566.5 m 288.5 566.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 553.5 m 325.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 553.5 m 367.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 553.5 m 410.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 553.5 m 462.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 553.5 m 513.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 553.5 m 578.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 553.5 m 639.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 553.5 m 704.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 553.5 m 756.5 553.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 557.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.65 583.73 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.75 573.73 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.55 565.73 Td (Paid-in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.30 557.73 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.15 565.73 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.90 557.73 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.80 581.73 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.35 573.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.90 565.73 Td (Compr) Tj ET Q q 0 0 0 rg BT 545.20 565.73 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.35 557.73 Td (Income \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 594.75 573.73 Td (T) Tj ET Q q 0 0 0 rg BT 599.35 573.73 Td (otal SSI) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 586.85 565.73 Td (Shar) Tj ET Q q 0 0 0 rg BT 603.15 565.73 Td (eholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 598.90 557.73 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 647.75 565.73 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 680.05 565.73 Td (olling) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 658.65 557.73 Td (Inter) Tj ET Q q 0 0 0 rg BT 675.83 557.73 Td (ests) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 723.25 565.73 Td (T) Tj ET Q q 0 0 0 rg BT 727.85 565.73 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 720.40 557.73 Td (Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.90 570.73 Td (Class A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.70 570.73 Td (Class B) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.50 557.73 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.45 557.73 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.50 557.73 Td (Shares) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.45 557.73 Td (Amount) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 553.50 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 553.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 553.50 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 553.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 553.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 553.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 553.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 553.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 553.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 553.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 553.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 553.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 527.50 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 527.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 527.50 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 527.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 527.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 527.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 527.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 527.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 527.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 527.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 527.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 527.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 501.50 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 501.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 501.50 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 501.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 501.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 501.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 501.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 501.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 501.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 501.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 501.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 501.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 475.50 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 475.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 475.50 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 475.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 475.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 475.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 475.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 475.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 475.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 475.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 475.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 475.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 449.50 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 449.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 449.50 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 449.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 449.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 449.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 449.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 449.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 449.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 449.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 449.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 449.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 423.50 210.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 423.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 423.50 37.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 423.50 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 423.50 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 423.50 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 423.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 423.50 61.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 423.50 57.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 423.50 61.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 423.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 423.50 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 389.50 210.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 389.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 389.50 37.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 389.50 38.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 389.50 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 389.50 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 389.50 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 389.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 578.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 582.50 389.50 57.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 639.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 643.50 389.50 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 704.50 389.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 708.50 389.50 48.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 553.5 m 284.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 553.5 m 325.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 553.5 m 367.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 553.5 m 410.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 553.5 m 462.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 553.5 m 513.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 553.5 m 578.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 553.5 m 639.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 553.5 m 704.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 553.5 m 756.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 553.5 m 639.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 639.5 553.5 m 643.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 553.5 m 704.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 704.5 553.5 m 708.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 553.5 m 756.5 553.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 389.5 m 284.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 389.5 m 325.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 389.5 m 367.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 389.5 m 410.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 389.5 m 462.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 389.5 m 513.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 389.5 m 578.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 389.5 m 639.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 389.5 m 704.5 389.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 389.5 m 756.5 389.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 376.5 m 284.5 376.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 376.5 m 325.5 376.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 376.5 m 367.5 376.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 376.5 m 410.5 376.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 376.5 m 462.5 376.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 376.5 m 513.5 376.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 376.5 m 578.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 389.5 m 639.5 389.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 582.5 376.5 m 639.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 389.5 m 704.5 389.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 643.5 376.5 m 704.5 376.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 389.5 m 756.5 389.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 708.5 376.5 m 756.5 376.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 531.75 Td (Balance as of August 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 531.75 Td (26,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 531.75 Td (26,171) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 531.75 Td (393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.25 531.75 Td (393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.25 531.75 Td (7,476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 531.75 Td (751,879) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 531.80 Td (\(9,361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 531.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 610.25 531.75 Td (776,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 531.75 Td (4,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 727.25 531.75 Td (781,199) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 518.75 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 518.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 518.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 518.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 518.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 518.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.25 518.75 Td (5,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 518.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 618.30 518.75 Td (5,924) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 518.75 Td (3,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 735.25 518.75 Td (9,591) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 505.75 Td (Other comprehensive loss, net of tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.60 505.80 Td (\(3,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 505.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 505.80 Td (\(3,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 505.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 505.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 505.80 Td (\(3,280) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 505.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 492.75 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 492.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 680.30 492.75 Td (\(3,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 701.00 492.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 492.80 Td (\(3,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 492.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 479.75 Td (Restricted stock withheld for taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.60 479.75 Td (\(59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.30 479.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.60 479.75 Td (\(59) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 479.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 479.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 479.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 479.75 Td (\(1,519) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 479.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 479.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 479.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 479.80 Td (\(1,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 479.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 479.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 479.80 Td (\(1,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 479.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 466.75 Td (Issuance of restricted stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 269.30 466.75 Td (176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 466.75 Td (176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 466.75 Td (\(176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 466.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 466.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 453.75 Td (Stock options exercised) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 453.75 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.30 453.75 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 453.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 453.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 453.75 Td (231) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 453.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 453.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 624.30 453.75 Td (240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 453.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 741.30 453.75 Td (240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 440.75 Td (Class B common stock converted to ClassA common stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 440.75 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 440.75 Td (87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.60 440.75 Td (\(87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.30 440.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.60 440.75 Td (\(87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.30 440.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 440.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 440.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 440.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 628.30 440.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 440.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 745.30 440.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 427.75 Td (Share-based compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 427.75 Td (14,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 614.30 427.75 Td (14,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 427.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 731.25 427.75 Td (14,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 414.75 Td (Excess tax deficiency from stock options exercised and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 406.75 Td (restricted stock units vested) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.60 406.75 Td (\(1,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.30 406.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 615.60 406.80 Td (\(1,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 406.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 406.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 732.60 406.80 Td (\(1,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 406.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 393.75 Td (Cash dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.30 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.30 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.30 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.25 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.60 393.75 Td (\(20,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 393.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 567.30 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 611.60 393.80 Td (\(20,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 636.30 393.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 693.00 393.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 728.60 393.80 Td (\(20,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 753.30 393.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 380.75 Td (Balance as of August 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.30 380.75 Td (26,384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 291.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.30 380.75 Td (26,384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.30 380.75 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.25 380.75 Td (306) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.25 380.75 Td (19,164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.25 380.75 Td (737,571) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.60 380.80 Td (\(12,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 575.30 380.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 585.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 610.25 380.75 Td (770,784) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 646.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 683.00 380.75 Td (5,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 711.00 380.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 727.25 380.75 Td (775,977) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 36.00 367.40 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 36.00 351.80 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 47.33 351.80 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 351.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.16 351.80 Td (income ) Tj ET Q q 0 0 0 rg BT 92.31 351.80 Td (attributable ) Tj ET Q q 0 0 0 rg BT 130.35 351.80 Td (to ) Tj ET Q q 0 0 0 rg BT 138.18 351.80 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 186.89 351.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 215.16 351.80 Td (at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.19 351.80 Td (August ) Tj ET Q q 0 0 0 rg BT 246.91 351.80 Td (31, ) Tj ET Q q 0 0 0 rg BT 258.51 351.80 Td (2013 ) Tj ET Q q 0 0 0 rg BT 276.12 351.80 Td (and ) Tj ET Q q 0 0 0 rg BT 289.28 351.80 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.28 351.80 Td ( ) Tj ET Q q 0 0 0 rg BT 306.89 351.80 Td (excludes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.48 351.80 Td ($\(903\) ) Tj ET Q q 0 0 0 rg BT 359.42 351.80 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.31 351.80 Td ( ) Tj ET Q q 0 0 0 rg BT 389.91 351.80 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.07 351.80 Td ($\(1,163\) ) Tj ET Q q 0 0 0 rg BT 432.01 351.80 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.89 351.80 Td (, ) Tj ET Q q 0 0 0 rg BT 464.50 351.80 Td (respectively) Tj ET Q q 0 0 0 rg BT 502.63 351.80 Td (, ) Tj ET Q q 0 0 0 rg BT 506.24 351.80 Td (allocable ) Tj ET Q q 0 0 0 rg BT 536.72 351.80 Td (to ) Tj ET Q q 0 0 0 rg BT 544.55 351.80 Td (the ) Tj ET Q q 0 0 0 rg BT 555.93 351.80 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 594.40 351.80 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 643.11 351.80 Td (interest, ) Tj ET Q q 0 0 0 rg BT 670.26 351.80 Td (which, ) Tj ET Q q 0 0 0 rg BT 693.42 351.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 710.58 351.80 Td (to ) Tj ET Q q 0 0 0 rg BT 718.41 351.80 Td (its ) Tj ET Q q 0 0 0 rg BT 727.58 351.80 Td (purchase ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 342.20 Td (on ) Tj ET Q q 0 0 0 rg BT 64.00 342.20 Td (March ) Tj ET Q q 0 0 0 rg BT 86.88 342.20 Td (8, ) Tj ET Q q 0 0 0 rg BT 94.88 342.20 Td (2013, ) Tj ET Q q 0 0 0 rg BT 114.88 342.20 Td (was ) Tj ET Q q 0 0 0 rg BT 129.32 342.20 Td (reported ) Tj ET Q q 0 0 0 rg BT 157.97 342.20 Td (in ) Tj ET Q q 0 0 0 rg BT 166.20 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 177.97 342.20 Td (mezzanine ) Tj ET Q q 0 0 0 rg BT 214.17 342.20 Td (section ) Tj ET Q q 0 0 0 rg BT 238.83 342.20 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 342.20 Td (the ) Tj ET Q q 0 0 0 rg BT 259.27 342.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 303.48 342.20 Td (Balance ) Tj ET Q q 0 0 0 rg BT 331.25 342.20 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 356.13 342.20 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.68 342.20 Td (Note ) Tj ET Q q 0 0 0 rg BT 387.23 342.20 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.23 342.20 Td ( ) Tj ET Q q 0 0 0 rg BT 397.23 342.20 Td (- ) Tj ET Q q 0 0 0 rg BT 401.90 342.20 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 443.43 342.20 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 494.32 342.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 520.30 342.20 Td (for ) Tj ET Q q 0 0 0 rg BT 531.63 342.20 Td (further ) Tj ET Q q 0 0 0 rg BT 555.40 342.20 Td (detail.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 36.00 332.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 47.33 332.60 Td ( ) Tj ET Q q 0 0 0 rg BT 54.00 332.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 73.82 332.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 123.85 332.60 Td (loss, ) Tj ET Q q 0 0 0 rg BT 139.90 332.60 Td (net ) Tj ET Q q 0 0 0 rg BT 151.27 332.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.54 332.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 170.92 332.60 Td (for ) Tj ET Q q 0 0 0 rg BT 181.85 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.22 332.60 Td (years ) Tj ET Q q 0 0 0 rg BT 211.70 332.60 Td (ended ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.05 332.60 Td (August ) Tj ET Q q 0 0 0 rg BT 256.77 332.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 268.37 332.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 285.98 332.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.13 332.60 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.13 332.60 Td ( ) Tj ET Q q 0 0 0 rg BT 316.73 332.60 Td (excludes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.32 332.60 Td ($\(1,030\) ) Tj ET Q q 0 0 0 rg BT 375.25 332.60 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.14 332.60 Td ( ) Tj ET Q q 0 0 0 rg BT 405.74 332.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.90 332.60 Td ($350 ) Tj ET Q q 0 0 0 rg BT 436.50 332.60 Td (thousand) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.38 332.60 Td (, ) Tj ET Q q 0 0 0 rg BT 468.99 332.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 507.12 332.60 Td (, ) Tj ET Q q 0 0 0 rg BT 510.72 332.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 536.75 332.60 Td (to ) Tj ET Q q 0 0 0 rg BT 544.58 332.60 Td (the ) Tj ET Q q 0 0 0 rg BT 555.96 332.60 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 594.42 332.60 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 643.13 332.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 670.28 332.60 Td (which, ) Tj ET Q q 0 0 0 rg BT 693.43 332.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 710.59 332.60 Td (to ) Tj ET Q q 0 0 0 rg BT 718.41 332.60 Td (its ) Tj ET Q q 0 0 0 rg BT 727.57 332.60 Td (purchase ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 54.00 323.00 Td (on ) Tj ET Q q 0 0 0 rg BT 64.00 323.00 Td (March ) Tj ET Q q 0 0 0 rg BT 86.88 323.00 Td (8, ) Tj ET Q q 0 0 0 rg BT 94.88 323.00 Td (2013, ) Tj ET Q q 0 0 0 rg BT 114.88 323.00 Td (was ) Tj ET Q q 0 0 0 rg BT 129.32 323.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 157.97 323.00 Td (in ) Tj ET Q q 0 0 0 rg BT 166.20 323.00 Td (the ) Tj ET Q q 0 0 0 rg BT 177.97 323.00 Td (mezzanine ) Tj ET Q q 0 0 0 rg BT 214.17 323.00 Td (section ) Tj ET Q q 0 0 0 rg BT 238.83 323.00 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 323.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.27 323.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 303.48 323.00 Td (Balance ) Tj ET Q q 0 0 0 rg BT 331.25 323.00 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 356.13 323.00 Td (See ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.68 323.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 387.23 323.00 Td (13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.23 323.00 Td ( ) Tj ET Q q 0 0 0 rg BT 397.23 323.00 Td (- ) Tj ET Q q 0 0 0 rg BT 401.90 323.00 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 443.43 323.00 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 494.32 323.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 520.30 323.00 Td (for ) Tj ET Q q 0 0 0 rg BT 531.63 323.00 Td (further ) Tj ET Q q 0 0 0 rg BT 555.40 323.00 Td (detail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.40 287.00 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 592.10029296875 m 113.85693359375 592.10029296875 l s q 0 0 1 rg BT 50.00 593.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 593.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 27.90 Td (52) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 27.90 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 27.90 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.45 744.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 309.05 744.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.65 729.75 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 248.47 729.75 Td (TED ST) Tj ET Q q 0 0 0 rg BT 283.02 729.75 Td (A) Tj ET Q q 0 0 0 rg BT 289.50 729.75 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 354.42 729.75 Td ( CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.55 717.75 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 683.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 683.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 683.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 683.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 683.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 683.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 659.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 659.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 659.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 659.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 659.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 659.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 635.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 635.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 635.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 635.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 635.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 635.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 611.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 611.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 611.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 611.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 611.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 611.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 587.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 587.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 587.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 587.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 587.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 587.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 563.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 563.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 563.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 563.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 563.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 563.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 539.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 539.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 539.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 539.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 539.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 539.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 515.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 515.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 515.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 515.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 515.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 515.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 491.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 491.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 491.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 491.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 491.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 491.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 467.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 467.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 467.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 467.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 467.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 467.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 443.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 443.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 443.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 443.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 443.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 443.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 419.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 419.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 419.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 419.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 419.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 419.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 395.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 395.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 395.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 395.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 395.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 395.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 371.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 371.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 371.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 371.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 371.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 371.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 347.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 347.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 347.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 347.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 347.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 347.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 323.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 323.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 323.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 323.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 323.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 323.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 299.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 299.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 299.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 299.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 299.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 299.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 275.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 275.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 275.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 275.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 275.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 275.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 251.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 251.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 251.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 251.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 251.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 251.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 227.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 227.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 227.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 227.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 227.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 227.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 203.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 203.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 203.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 203.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 203.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 203.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 179.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 179.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 179.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 179.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 179.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 179.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 155.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 155.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 155.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 155.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 155.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 155.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 131.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 131.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 131.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 131.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 131.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 131.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 107.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 107.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 107.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 107.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 107.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 107.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 83.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 83.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 83.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 83.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 83.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 83.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 59.25 324.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 59.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 59.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 59.25 60.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 59.25 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 59.25 60.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 695.25 m 434 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 695.25 m 438 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 695.25 m 498 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 695.25 m 502 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 695.25 m 562 695.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 683.25 m 434 683.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 683.25 m 498 683.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 683.25 m 562 683.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 371.25 m 434 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 371.25 m 498 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 371.25 m 562 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 359.25 m 434 359.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 359.25 m 498 359.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 359.25 m 562 359.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 299.25 m 434 299.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 299.25 m 498 299.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 299.25 m 562 299.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 287.25 m 434 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 287.25 m 498 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 287.25 m 562 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 107.25 m 434 107.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 95.25 m 434 95.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 107.25 m 498 107.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 95.25 m 498 95.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 107.25 m 562 107.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 95.25 m 562 95.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 83.25 m 434 83.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 83.25 m 498 83.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 83.25 m 562 83.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 59.25 m 434 59.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 59.25 m 498 59.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 59.25 m 562 59.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 59.25 m 434 59.25 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 47.25 m 434 47.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 59.25 m 498 59.25 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 47.25 m 498 47.25 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 47.25 m 562 47.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 698.51 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 697.98 Td (Year Ended August 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 686.51 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 685.98 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.50 685.98 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.50 685.98 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 674.51 Td (Cash flows from operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 662.51 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 662.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 662.51 Td (9,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 662.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 662.51 Td (\(280,023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 662.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 662.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 662.51 Td (28,917) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 650.51 Td (Adjustments to reconcile net income \(loss\) to cash provided by operating activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 638.51 Td (Goodwill impairment charge) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 638.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 638.51 Td (321,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 638.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 626.51 Td (Other asset impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 626.51 Td (1,460) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 626.51 Td (13,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 626.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 614.51 Td (Exit-related asset impairment charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 614.51 Td (566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 614.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 614.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 602.51 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 602.51 Td (79,209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 602.51 Td (83,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 602.51 Td (82,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 590.51 Td (Deferred income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 590.51 Td (\(3,815) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 590.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 590.51 Td (\(59,102) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 590.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 590.51 Td (8,321) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 578.51 Td (Undistributed equity in earnings of joint ventures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 578.51 Td (\(1,196) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 578.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 578.51 Td (\(1,183) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 578.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 578.51 Td (\(2,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 578.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 566.51 Td (Share-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 566.51 Td (14,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 566.51 Td (11,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 566.51 Td (8,793) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 554.51 Td (Excess tax benefit from share-based payment arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.00 554.51 Td (\(194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 554.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 554.51 Td (\(343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 554.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 554.51 Td (\(817) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 554.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 542.51 Td (\(Gain\) loss on the disposal of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 542.51 Td (\(1,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 542.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 542.51 Td (131) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 542.51 Td (\(135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 542.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 530.51 Td (Unrealized foreign exchange \(gain\) loss, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 530.51 Td (240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 530.51 Td (1,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.00 530.51 Td (\(334) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 530.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 518.51 Td (Bad debt expense, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 518.51 Td (449) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 518.51 Td (584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 518.51 Td (688) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 506.51 Td (Changes in assets and liabilities, net of acquisitions:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 494.51 Td (Accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 494.51 Td (\(16,360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 494.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 494.51 Td (\(79,118) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 494.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 494.51 Td (81,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 482.51 Td (Inventories) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 482.51 Td (36,264) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 482.51 Td (46,826) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 482.51 Td (94,095) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 470.51 Td (Income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 470.51 Td (4,129) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 470.51 Td (2,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 470.51 Td (\(20,018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 470.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 458.51 Td (Prepaid expenses and other current assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 458.51 Td (\(2,453) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 458.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 458.51 Td (\(13,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 458.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 458.51 Td (\(4,010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 458.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 446.51 Td (Intangibles and other long-term assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 446.51 Td (996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 446.51 Td (977) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 446.51 Td (\(82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 446.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 434.51 Td (Accounts payable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 434.51 Td (9,409) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 434.51 Td (\(10,901) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 434.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 434.51 Td (\(26,074) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 434.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 422.51 Td (Accrued payroll and related liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 422.51 Td (8,114) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 422.51 Td (2,720) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 422.51 Td (\(13,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 422.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 410.51 Td (Other accrued liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.50 410.51 Td (\(91) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 410.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 410.51 Td (\(1,770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 410.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 410.51 Td (6,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 398.51 Td (Environmental liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 398.51 Td (\(1,581) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 398.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 398.51 Td (\(146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 398.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 398.51 Td (\(2,201) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 398.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 386.51 Td (Other long-term liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 386.51 Td (1,825) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 386.51 Td (113) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 386.51 Td (253) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 374.51 Td (Distributed equity in earnings of joint ventures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 374.51 Td (1,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 374.51 Td (1,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 374.51 Td (2,405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 362.51 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 362.51 Td (141,252) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 362.51 Td (39,289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 362.51 Td (244,790) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 350.51 Td (Cash flows from investing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 338.51 Td (Capital expenditures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 338.51 Td (\(39,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 338.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 338.51 Td (\(90,381) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 338.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 338.51 Td (\(78,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 338.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 326.51 Td (Acquisitions, net of cash acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 326.51 Td (\(2,160) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 326.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 326.51 Td (\(25,366) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 326.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 326.51 Td (\(6,567) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 326.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 314.51 Td (Joint venture payments, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 314.51 Td (\(3,765) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 314.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 314.51 Td (\(2,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 314.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 314.51 Td (\(92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 314.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 302.51 Td (Proceeds from sale of assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 302.51 Td (3,841) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 302.51 Td (5,491) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 302.51 Td (953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 290.51 Td (Net cash used in investing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 290.51 Td (\(41,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 290.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 290.51 Td (\(112,450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 290.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 290.51 Td (\(84,266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 290.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 278.51 Td (Cash flows from financing activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 266.51 Td (Proceeds from line of credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 266.51 Td (469,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 266.51 Td (545,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 266.51 Td (495,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 254.51 Td (Repayment of line of credit) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 254.51 Td (\(478,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 254.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 254.51 Td (\(537,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 254.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 254.51 Td (\(495,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 254.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 242.51 Td (Borrowings from long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 242.51 Td (313,207) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 242.51 Td (265,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 242.51 Td (439,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 230.51 Td (Repayment of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 230.51 Td (\(368,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 230.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 230.51 Td (\(230,923) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 230.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 230.51 Td (\(507,745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 230.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 218.51 Td (Debt financing fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 218.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 218.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 218.51 Td (\(1,282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 218.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 206.51 Td (Repurchase of ClassA common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 206.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 206.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 206.51 Td (\(33,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 206.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 194.51 Td (Taxes paid related to net share settlement of share-based payment arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 194.51 Td (\(1,578) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 194.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 194.51 Td (\(2,673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 194.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 194.51 Td (\(2,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 194.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 182.51 Td (Excess tax benefit from share-based payment arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 182.51 Td (194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 182.51 Td (343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 182.51 Td (817) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 170.51 Td (Stock options exercised) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 170.51 Td (240) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 170.51 Td (316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 170.51 Td (608) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 158.51 Td (Contributions from noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 158.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 158.51 Td (1,970) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 158.51 Td (4,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 146.51 Td (Distributions to noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.25 146.51 Td (\(3,115) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 146.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 146.51 Td (\(2,794) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 146.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 146.51 Td (\(4,087) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 146.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 134.51 Td (Contingent consideration paid relating to business acquisitions) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 134.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.50 134.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 134.51 Td (\(4,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 134.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 122.51 Td (Dividends paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 122.51 Td (\(20,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 122.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 122.51 Td (\(20,010) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 122.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 122.51 Td (\(11,455) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 122.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 110.51 Td ( Purchase of noncontrolling interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 110.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 110.51 Td (\(24,734) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 110.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 110.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 98.51 Td (Net cash used in financing activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.75 98.51 Td (\(88,174) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 98.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.25 98.51 Td (\(4,147) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 98.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 98.51 Td (\(120,052) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 98.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 86.51 Td (Effect of exchange rate changes on cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 417.00 86.51 Td (344) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 86.51 Td (926) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.50 86.51 Td (\(71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 86.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 74.51 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 74.51 Td (12,191) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 74.51 Td (\(76,382) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 74.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 74.51 Td (40,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 62.51 Td (Cash and cash equivalents as of beginning of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 62.51 Td (13,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 62.51 Td (89,863) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 62.51 Td (49,462) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 50.51 Td (Cash and cash equivalents as of end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 50.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 50.51 Td (25,672) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 50.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 50.51 Td (13,481) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 50.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 50.51 Td (89,863) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 27.90 Td (53) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 27.90 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 27.90 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 723.00 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 723.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 723.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 723.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 723.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 723.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 695.00 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 695.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 695.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 695.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 695.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 695.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 667.00 325.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 667.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.00 667.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 667.00 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.00 667.00 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.00 667.00 60.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 737 m 434 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434 737 m 438 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 737 m 498 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 737 m 502 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 737 m 562 737 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 723 m 434 723 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 723 m 498 723 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 723 m 562 723 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 374 723 m 434 723 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 438 723 m 498 723 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 502 723 m 562 723 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 741.68 Td (Year Ended August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.50 727.68 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.50 727.68 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.50 727.68 Td (2012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 714.26 Td (SUPPLEMENTAL DISCLOSURES:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 700.26 Td (Cash paid \(received\) during the year for:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 686.26 Td (Interest) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 685.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 685.46 Td (8,838) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 685.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 685.46 Td (8,542) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 685.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 685.46 Td (10,968) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 672.26 Td (Income taxes paid \(refunds received\), net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 671.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.50 671.46 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 671.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.00 671.46 Td (\(483) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 671.46 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 671.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 671.46 Td (24,517) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 658.26 Td (Schedule of noncash investing and financing transactions:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 69.50 644.26 Td (Purchases of property, plant and equipment included in current liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 643.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 643.46 Td (7,249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 643.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 643.46 Td (8,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.50 643.46 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 643.46 Td (15,826) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.40 610.50 Td (See Notes to the Consolidated Financial Statements.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (54) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.70 742.25 Td (SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.80 742.25 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 727.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 727.25 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 727.25 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 727.25 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 727.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 727.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 727.25 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 727.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 703.25 Td (Note 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 703.25 Td ( Natur) Tj ET Q q 0 0 0 rg BT 112.36 703.25 Td (e of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (Founded ) Tj ET Q q 0 0 0 rg BT 87.79 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.87 682.25 Td (1906, ) Tj ET Q q 0 0 0 rg BT 124.66 682.25 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 165.72 682.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 189.00 682.25 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 234.24 682.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 252.80 682.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 271.64 682.25 Td (Company\), ) Tj ET Q q 0 0 0 rg BT 328.53 682.25 Td (an ) Tj ET Q q 0 0 0 rg BT 341.26 682.25 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 374.54 682.25 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 426.43 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.39 682.25 Td (one ) Tj ET Q q 0 0 0 rg BT 454.12 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.75 682.25 Td (North ) Tj ET Q q 0 0 0 rg BT 491.64 682.25 Td (America) Tj ET Q q 0 0 0 rg BT 528.85 682.25 Td (s ) Tj ET Q q 0 0 0 rg BT 536.03 682.25 Td (lar) Tj ET Q q 0 0 0 rg BT 546.40 682.25 Td (gest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (recyclers ) Tj ET Q q 0 0 0 rg BT 88.17 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.08 670.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 129.98 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.00 670.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 192.90 670.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 216.58 670.25 Td (metal, ) Tj ET Q q 0 0 0 rg BT 243.88 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 250.90 670.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 282.91 670.25 Td (recycler ) Tj ET Q q 0 0 0 rg BT 317.69 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.60 670.25 Td (used ) Tj ET Q q 0 0 0 rg BT 349.51 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.53 670.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 404.10 670.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 439.45 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.47 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 463.49 670.25 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 519.37 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 530.28 670.25 Td (finished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 70.33 658.25 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.37 637.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.58 637.25 Td (operates ) Tj ET Q q 0 0 0 rg BT 144.21 637.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.31 637.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.30 637.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.62 637.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 215.59 637.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 255.13 637.25 Td (as ) Tj ET Q q 0 0 0 rg BT 265.78 637.25 Td (follows: ) Tj ET Q q 0 0 0 rg BT 300.88 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.42 637.25 Td (Metals ) Tj ET Q q 0 0 0 rg BT 344.96 637.25 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 387.82 637.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 425.70 637.25 Td (\(MRB\), ) Tj ET Q q 0 0 0 rg BT 468.29 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.32 637.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 504.64 637.25 Td (Parts ) Tj ET Q q 0 0 0 rg BT 526.96 637.25 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 625.25 Td (\(APB\) ) Tj ET Q q 0 0 0 rg BT 87.72 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.38 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.83 625.25 Td (Steel ) Tj ET Q q 0 0 0 rg BT 144.05 625.25 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 206.70 625.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 245.49 625.25 Td (\(SMB\). ) Tj ET Q q 0 0 0 rg BT 287.88 625.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 313.34 625.25 Td (buys, ) Tj ET Q q 0 0 0 rg BT 337.96 625.25 Td (collects, ) Tj ET Q q 0 0 0 rg BT 374.23 625.25 Td (processes, ) Tj ET Q q 0 0 0 rg BT 418.27 625.25 Td (recycles, ) Tj ET Q q 0 0 0 rg BT 456.76 625.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 477.76 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.43 625.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 528.65 625.25 Td (recycled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 613.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 73.72 613.25 Td (through ) Tj ET Q q 0 0 0 rg BT 106.84 613.25 Td (its ) Tj ET Q q 0 0 0 rg BT 118.30 613.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 158.08 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.42 613.25 Td (one ) Tj ET Q q 0 0 0 rg BT 184.87 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.21 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.44 613.25 Td (lar) Tj ET Q q 0 0 0 rg BT 219.81 613.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 237.93 613.25 Td (metals ) Tj ET Q q 0 0 0 rg BT 266.04 613.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 305.26 613.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 349.49 613.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.28 613.25 Td (North ) Tj ET Q q 0 0 0 rg BT 384.18 613.25 Td (America. ) Tj ET Q q 0 0 0 rg BT 422.67 613.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 444.13 613.25 Td (is ) Tj ET Q q 0 0 0 rg BT 452.82 613.25 Td (one ) Tj ET Q q 0 0 0 rg BT 469.27 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.61 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.84 613.25 Td (country) Tj ET Q q 0 0 0 rg BT 527.16 613.25 Td (s ) Tj ET Q q 0 0 0 rg BT 533.07 613.25 Td (leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 601.25 Td (networks ) Tj ET Q q 0 0 0 rg BT 89.84 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.86 601.25 Td (self-service ) Tj ET Q q 0 0 0 rg BT 151.63 601.25 Td (used ) Tj ET Q q 0 0 0 rg BT 173.64 601.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 194.54 601.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 217.66 601.25 Td (stores. ) Tj ET Q q 0 0 0 rg BT 246.37 601.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 296.27 601.25 Td (, ) Tj ET Q q 0 0 0 rg BT 301.64 601.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 324.78 601.25 Td (is ) Tj ET Q q 0 0 0 rg BT 335.13 601.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.25 601.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 379.15 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.17 601.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 423.17 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.29 601.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 488.30 601.25 Td (material ) Tj ET Q q 0 0 0 rg BT 524.74 601.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 589.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 95.26 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.48 589.25 Td (MRB, ) Tj ET Q q 0 0 0 rg BT 132.65 589.25 Td (which ) Tj ET Q q 0 0 0 rg BT 159.53 589.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 200.29 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.94 589.25 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 260.71 589.25 Td (into ) Tj ET Q q 0 0 0 rg BT 278.70 589.25 Td (sellable ) Tj ET Q q 0 0 0 rg BT 311.69 589.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 347.99 589.25 Td (metal. ) Tj ET Q q 0 0 0 rg BT 375.14 589.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 398.70 589.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 440.57 589.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 476.87 589.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 501.52 589.25 Td (from ) Tj ET Q q 0 0 0 rg BT 523.40 589.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 548.07 589.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 577.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 69.22 577.25 Td (its ) Tj ET Q q 0 0 0 rg BT 81.17 577.25 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 121.45 577.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.73 577.25 Td (process ) Tj ET Q q 0 0 0 rg BT 164.22 577.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.93 577.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 215.30 577.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 240.01 577.25 Td (into ) Tj ET Q q 0 0 0 rg BT 258.06 577.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 292.78 577.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 313.61 577.25 Td (products. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.39 556.25 Td (August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.78 556.25 Td (, all of the Company) Tj ET Q q 0 0 0 rg BT 224.49 556.25 Td (s facilities were located in the United States \(U.S.\) and its territories and Canada.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Note 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 532.25 Td ( Summary of Significant ) Tj ET Q q 0 0 0 rg BT 191.11 532.25 Td (Accounting Policies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (Revision of Previously Issued Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.53 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.94 493.25 Td (first ) Tj ET Q q 0 0 0 rg BT 93.24 493.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 123.76 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.28 493.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 158.13 493.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 182.83 493.25 Td (an ) Tj ET Q q 0 0 0 rg BT 194.46 493.25 Td (error ) Tj ET Q q 0 0 0 rg BT 216.09 493.25 Td (was ) Tj ET Q q 0 0 0 rg BT 233.84 493.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 274.35 493.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.33 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.74 493.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 353.70 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.22 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.64 493.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 398.60 493.25 Td (outflow ) Tj ET Q q 0 0 0 rg BT 431.91 493.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.43 493.25 Td ($24.7 ) Tj ET Q q 0 0 0 rg BT 467.13 493.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.02 493.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.22 493.25 Td (for ) Tj ET Q q 0 0 0 rg BT 512.07 493.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.49 493.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.94 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 69.99 481.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 132.48 481.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.52 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.90 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 184.95 481.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 229.67 481.25 Td (as ) Tj ET Q q 0 0 0 rg BT 241.61 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 249.65 481.25 Td (use ) Tj ET Q q 0 0 0 rg BT 266.59 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.53 481.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.91 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.29 481.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 351.57 481.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 391.27 481.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 412.38 481.25 Td (under ) Tj ET Q q 0 0 0 rg BT 438.75 481.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 479.57 481.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.14 481.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (principles, ) Tj ET Q q 0 0 0 rg BT 94.90 469.25 Td (should ) Tj ET Q q 0 0 0 rg BT 124.53 469.25 Td (have ) Tj ET Q q 0 0 0 rg BT 146.38 469.25 Td (been ) Tj ET Q q 0 0 0 rg BT 168.22 469.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 206.15 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 217.45 469.25 Td (a ) Tj ET Q q 0 0 0 rg BT 224.85 469.25 Td (use ) Tj ET Q q 0 0 0 rg BT 241.15 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.44 469.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 273.18 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.92 469.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 324.65 469.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 363.72 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.46 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.64 469.25 Td (Company) Tj ET Q q 0 0 0 rg BT 431.31 469.25 Td (s ) Tj ET Q q 0 0 0 rg BT 438.16 469.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 491.67 469.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 532.96 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.25 469.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 75.05 457.25 Td (included ) Tj ET Q q 0 0 0 rg BT 112.30 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.90 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.95 457.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 182.99 457.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 219.13 457.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.93 457.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 301.96 457.25 Td (for ) Tj ET Q q 0 0 0 rg BT 316.45 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.49 457.25 Td (year ) Tj ET Q q 0 0 0 rg BT 351.52 457.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 377.60 457.25 Td (August ) Tj ET Q q 0 0 0 rg BT 409.31 457.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 424.64 457.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 447.46 457.25 Td (included ) Tj ET Q q 0 0 0 rg BT 484.72 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.32 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 510.36 457.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 532.56 457.25 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 79.72 445.25 Td (on ) Tj ET Q q 0 0 0 rg BT 92.22 445.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 116.39 445.25 Td (10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.14 424.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.63 424.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 149.11 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.92 424.25 Td (materiality ) Tj ET Q q 0 0 0 rg BT 211.84 424.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.76 424.25 Td (this ) Tj ET Q q 0 0 0 rg BT 241.81 424.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 298.17 424.25 Td (error ) Tj ET Q q 0 0 0 rg BT 321.19 424.25 Td (under ) Tj ET Q q 0 0 0 rg BT 347.56 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.37 424.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 403.06 424.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.65 424.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 436.70 424.25 Td (250-10 ) Tj ET Q q 0 0 0 rg BT 468.62 424.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 502.76 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.14 424.25 Td (SEC) Tj ET Q q 0 0 0 rg BT 535.26 424.25 Td (s ) Tj ET Q q 0 0 0 rg BT 542.75 424.25 Td (Staf) Tj ET Q q 0 0 0 rg BT 558.68 424.25 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 98.50 412.25 Td (Bulletin ) Tj ET Q q 0 0 0 rg BT 132.56 412.25 Td (\(SAB\) ) Tj ET Q q 0 0 0 rg BT 169.39 412.25 Td (No. ) Tj ET Q q 0 0 0 rg BT 185.96 412.25 Td (99, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 200.30 412.25 Td (Materiality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.29 412.25 Td (, ) Tj ET Q q 0 0 0 rg BT 249.63 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.91 412.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 308.85 412.25 Td (that ) Tj ET Q q 0 0 0 rg BT 325.69 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.75 412.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 383.81 412.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 410.65 412.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 447.47 412.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 491.52 412.25 Td (for ) Tj ET Q q 0 0 0 rg BT 505.03 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.09 412.25 Td (year ) Tj ET Q q 0 0 0 rg BT 538.14 412.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (August ) Tj ET Q q 0 0 0 rg BT 80.18 400.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 93.97 400.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 115.26 400.25 Td (were ) Tj ET Q q 0 0 0 rg BT 135.97 400.25 Td (not ) Tj ET Q q 0 0 0 rg BT 150.04 400.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 191.86 400.25 Td (misstated. ) Tj ET Q q 0 0 0 rg BT 233.33 400.25 Td (The ) Tj ET Q q 0 0 0 rg BT 250.17 400.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 290.34 400.25 Td (also ) Tj ET Q q 0 0 0 rg BT 307.74 400.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 347.34 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.84 400.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 389.34 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.96 400.25 Td (correcting ) Tj ET Q q 0 0 0 rg BT 440.78 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.29 400.25 Td (error ) Tj ET Q q 0 0 0 rg BT 475.00 400.25 Td (through ) Tj ET Q q 0 0 0 rg BT 507.40 400.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.13 400.25 Td (adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.65 388.25 Td (its ) Tj ET Q q 0 0 0 rg BT 72.96 388.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.81 388.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 155.89 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.20 388.25 Td (concluded, ) Tj ET Q q 0 0 0 rg BT 219.66 388.25 Td (based ) Tj ET Q q 0 0 0 rg BT 245.29 388.25 Td (on ) Tj ET Q q 0 0 0 rg BT 258.16 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.25 388.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 312.21 388.25 Td (within ) Tj ET Q q 0 0 0 rg BT 340.00 388.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 362.32 388.25 Td (250-10 ) Tj ET Q q 0 0 0 rg BT 393.52 388.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 426.93 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.57 388.25 Td (SAB ) Tj ET Q q 0 0 0 rg BT 459.89 388.25 Td (No.108, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.48 388.25 Td (Considering ) Tj ET Q q 0 0 0 rg BT 549.80 388.25 Td (the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Effects ) Tj ET Q q 0 0 0 rg BT 79.02 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.61 376.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 112.09 376.25 Td (Y) Tj ET Q q 0 0 0 rg BT 116.74 376.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 131.88 376.25 Td (Misstatements ) Tj ET Q q 0 0 0 rg BT 190.91 376.25 Td (when ) Tj ET Q q 0 0 0 rg BT 213.83 376.25 Td (Quantifying ) Tj ET Q q 0 0 0 rg BT 263.41 376.25 Td (Misstatements ) Tj ET Q q 0 0 0 rg BT 322.44 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.03 376.25 Td (Curr) Tj ET Q q 0 0 0 rg BT 351.11 376.25 Td (ent ) Tj ET Q q 0 0 0 rg BT 365.14 376.25 Td (Y) Tj ET Q q 0 0 0 rg BT 369.79 376.25 Td (ear ) Tj ET Q q 0 0 0 rg BT 384.93 376.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 425.62 376.25 Td (Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.95 376.25 Td (, ) Tj ET Q q 0 0 0 rg BT 473.26 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.85 376.25 Td (revise ) Tj ET Q q 0 0 0 rg BT 508.54 376.25 Td (its ) Tj ET Q q 0 0 0 rg BT 519.79 376.25 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.83 364.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.65 364.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 160.69 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.30 364.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 199.67 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.72 364.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 244.77 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.93 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.98 364.25 Td (correction ) Tj ET Q q 0 0 0 rg BT 314.35 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.51 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.56 364.25 Td (classification ) Tj ET Q q 0 0 0 rg BT 396.15 364.25 Td (error) Tj ET Q q 0 0 0 rg BT 415.03 364.25 Td (. ) Tj ET Q q 0 0 0 rg BT 420.16 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 438.54 364.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 491.91 364.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 533.07 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.23 364.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.67 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 88.77 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.44 352.25 Td (year ) Tj ET Q q 0 0 0 rg BT 123.09 352.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 148.87 352.25 Td (August ) Tj ET Q q 0 0 0 rg BT 180.21 352.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 195.16 352.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 217.60 352.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 258.37 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.59 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.25 352.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 344.01 352.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 399.23 352.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 438.89 352.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 485.22 352.25 Td (has ) Tj ET Q q 0 0 0 rg BT 500.99 352.25 Td (been ) Tj ET Q q 0 0 0 rg BT 522.32 352.25 Td (corrected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 331.25 Td (revision ) Tj ET Q q 0 0 0 rg BT 102.33 331.25 Td (had ) Tj ET Q q 0 0 0 rg BT 119.05 331.25 Td (no ) Tj ET Q q 0 0 0 rg BT 131.33 331.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 160.83 331.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.11 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.61 331.25 Td (Company) Tj ET Q q 0 0 0 rg BT 229.27 331.25 Td (s ) Tj ET Q q 0 0 0 rg BT 235.45 331.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 288.27 331.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 321.09 331.25 Td (sheets, ) Tj ET Q q 0 0 0 rg BT 350.31 331.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 403.13 331.25 Td (results ) Tj ET Q q 0 0 0 rg BT 431.53 331.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.14 331.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 488.58 331.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 524.74 331.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 549.24 331.25 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.60 319.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.54 319.25 Td (net ) Tj ET Q q 0 0 0 rg BT 105.25 319.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.52 319.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 163.57 319.25 Td (by ) Tj ET Q q 0 0 0 rg BT 176.07 319.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.33 319.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 254.93 319.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.21 319.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.93 319.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 332.97 319.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 373.79 319.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.62 319.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 404.89 319.25 Td (flows. ) Tj ET Q q 0 0 0 rg BT 432.11 319.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.85 298.25 Td (ef) Tj ET Q q 0 0 0 rg BT 75.44 298.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 92.73 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.36 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.89 298.25 Td (revision ) Tj ET Q q 0 0 0 rg BT 152.41 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 164.71 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 298.25 Td (line ) Tj ET Q q 0 0 0 rg BT 196.53 298.25 Td (items ) Tj ET Q q 0 0 0 rg BT 220.50 298.25 Td (within ) Tj ET Q q 0 0 0 rg BT 248.36 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.89 298.25 Td (Company) Tj ET Q q 0 0 0 rg BT 304.55 298.25 Td (s ) Tj ET Q q 0 0 0 rg BT 310.75 298.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 363.59 298.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 404.22 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.85 298.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.93 298.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 459.45 298.25 Td (for ) Tj ET Q q 0 0 0 rg BT 473.42 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.94 298.25 Td (year ) Tj ET Q q 0 0 0 rg BT 507.45 298.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 533.12 298.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 286.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 87.50 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 96.67 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.50 286.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 140.00 286.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 153.61 286.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 246.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 246.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 246.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 246.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 246.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 216.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 216.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 216.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 216.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 216.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 216.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 197.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 197.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 197.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 197.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 197.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 197.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 167.75 276.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 167.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 167.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 167.75 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 167.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 167.75 76.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 260.75 m 401.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 260.75 m 405.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 260.75 m 481.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 260.75 m 485.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 260.75 m 561.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 246.75 m 401.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 260.75 m 481.5 260.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 246.75 m 481.5 246.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 246.75 m 561.5 246.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 388.90 265.20 Td (Year Ended August 31, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.85 251.20 Td (As Reported) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 418.45 251.20 Td (Adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 501.85 251.20 Td (As Revised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 236.43 Td (Investing Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 221.42 Td (Purchase of noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.80 221.47 Td (\(24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 221.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 221.42 Td (24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 221.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 221.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 206.42 Td (Net cash used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 206.47 Td (\(137,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 206.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 206.42 Td (24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 206.47 Td (\(112,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 206.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 187.43 Td (Financing Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 172.42 Td (Purchase of noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 172.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 172.47 Td (\(24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 172.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 172.47 Td (\(24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 172.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 157.42 Td (Net cash provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 157.42 Td (20,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.80 157.47 Td (\(24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 157.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 157.47 Td (\(4,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 157.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.25 Td (The ) Tj ET Q q 0 0 0 rg BT 70.30 111.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 127.83 111.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 169.79 111.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 218.43 111.25 Td (include ) Tj ET Q q 0 0 0 rg BT 252.61 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.58 111.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 309.32 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.41 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.38 111.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.02 111.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.21 111.25 Td (its ) Tj ET Q q 0 0 0 rg BT 416.41 111.25 Td (majority-owned ) Tj ET Q q 0 0 0 rg BT 485.04 111.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.23 111.25 Td (wholly-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 102.11 99.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.24 99.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 147.81 99.25 Td (method ) Tj ET Q q 0 0 0 rg BT 180.39 99.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.30 99.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 237.75 99.25 Td (is ) Tj ET Q q 0 0 0 rg BT 247.00 99.25 Td (used ) Tj ET Q q 0 0 0 rg BT 267.91 99.25 Td (for ) Tj ET Q q 0 0 0 rg BT 282.15 99.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 332.51 99.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.87 99.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 363.78 99.25 Td (ventures ) Tj ET Q q 0 0 0 rg BT 400.24 99.25 Td (over ) Tj ET Q q 0 0 0 rg BT 420.59 99.25 Td (which ) Tj ET Q q 0 0 0 rg BT 447.61 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.41 99.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.87 99.25 Td (has ) Tj ET Q q 0 0 0 rg BT 519.78 99.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 89.41 87.25 Td (but ) Tj ET Q q 0 0 0 rg BT 104.40 87.25 Td (does ) Tj ET Q q 0 0 0 rg BT 124.94 87.25 Td (not ) Tj ET Q q 0 0 0 rg BT 139.93 87.25 Td (have ) Tj ET Q q 0 0 0 rg BT 161.01 87.25 Td (ef) Tj ET Q q 0 0 0 rg BT 168.60 87.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 198.01 87.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 230.56 87.25 Td (All ) Tj ET Q q 0 0 0 rg BT 245.55 87.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 289.97 87.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 347.16 87.25 Td (account ) Tj ET Q q 0 0 0 rg BT 380.46 87.25 Td (balances, ) Tj ET Q q 0 0 0 rg BT 419.60 87.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 472.07 87.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 500.39 87.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.03 87.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 543.14 87.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (been ) Tj ET Q q 0 0 0 rg BT 71.18 75.25 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 117.68 75.25 Td (All ) Tj ET Q q 0 0 0 rg BT 132.76 75.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 182.83 75.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.57 75.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 252.98 75.25 Td (with ) Tj ET Q q 0 0 0 rg BT 273.06 75.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 310.36 75.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 344.86 75.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 376.60 75.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 407.79 75.25 Td (are ) Tj ET Q q 0 0 0 rg BT 422.30 75.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 462.91 75.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.99 75.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 515.28 75.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 549.79 75.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.57 63.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.93 63.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.84 63.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 150.18 63.25 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 197.84 63.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.86 63.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.76 63.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 257.83 63.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 296.60 63.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 335.95 63.25 Td (consolidation. ) Tj ET Q q 0 0 0 rg BT 394.82 63.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.06 63.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.63 63.25 Td (does ) Tj ET Q q 0 0 0 rg BT 475.65 63.25 Td (not ) Tj ET Q q 0 0 0 rg BT 491.12 63.25 Td (have ) Tj ET Q q 0 0 0 rg BT 512.68 63.25 Td (any ) Tj ET Q q 0 0 0 rg BT 529.81 63.25 Td (variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.93 51.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 113.32 51.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 152.47 51.25 Td (consolidation.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (55) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Accounting Changes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.16 713.25 Td (February ) Tj ET Q q 0 0 0 rg BT 98.09 713.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 122.43 713.25 Td (an ) Tj ET Q q 0 0 0 rg BT 133.70 713.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 179.40 713.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 219.00 713.25 Td (update ) Tj ET Q q 0 0 0 rg BT 247.49 713.25 Td (was ) Tj ET Q q 0 0 0 rg BT 264.88 713.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 291.71 713.25 Td (that ) Tj ET Q q 0 0 0 rg BT 308.54 713.25 Td (amends ) Tj ET Q q 0 0 0 rg BT 340.91 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.96 713.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 393.45 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.61 713.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 439.33 713.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 486.70 713.25 Td (out ) Tj ET Q q 0 0 0 rg BT 501.31 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.47 713.25 Td (accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (other ) Tj ET Q q 0 0 0 rg BT 75.34 701.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 140.66 701.25 Td (income. ) Tj ET Q q 0 0 0 rg BT 177.04 701.25 Td (This ) Tj ET Q q 0 0 0 rg BT 199.61 701.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 238.28 701.25 Td (does ) Tj ET Q q 0 0 0 rg BT 261.41 701.25 Td (not ) Tj ET Q q 0 0 0 rg BT 278.98 701.25 Td (change ) Tj ET Q q 0 0 0 rg BT 312.08 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.09 701.25 Td (current ) Tj ET Q q 0 0 0 rg BT 362.20 701.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 419.20 701.25 Td (for ) Tj ET Q q 0 0 0 rg BT 435.65 701.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 477.10 701.25 Td (net ) Tj ET Q q 0 0 0 rg BT 494.11 701.25 Td (income ) Tj ET Q q 0 0 0 rg BT 528.33 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.46 701.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.71 689.25 Td (income ) Tj ET Q q 0 0 0 rg BT 146.33 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 157.29 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.69 689.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 210.85 689.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 258.74 689.25 Td (However) Tj ET Q q 0 0 0 rg BT 294.99 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 300.67 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.07 689.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 355.34 689.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 390.73 689.25 Td (an ) Tj ET Q q 0 0 0 rg BT 403.35 689.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 429.31 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.27 689.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 473.99 689.25 Td (information ) Tj ET Q q 0 0 0 rg BT 524.39 689.25 Td (about ) Tj ET Q q 0 0 0 rg BT 549.79 689.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.12 677.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 133.89 677.25 Td (out ) Tj ET Q q 0 0 0 rg BT 148.91 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.48 677.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 212.24 677.25 Td (other ) Tj ET Q q 0 0 0 rg BT 235.03 677.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 297.80 677.25 Td (income ) Tj ET Q q 0 0 0 rg BT 329.47 677.25 Td (by ) Tj ET Q q 0 0 0 rg BT 341.71 677.25 Td (component, ) Tj ET Q q 0 0 0 rg BT 390.88 677.25 Td (either ) Tj ET Q q 0 0 0 rg BT 415.88 677.25 Td (on ) Tj ET Q q 0 0 0 rg BT 428.12 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.57 677.25 Td (face ) Tj ET Q q 0 0 0 rg BT 461.46 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.02 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.48 677.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.70 677.25 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (where ) Tj ET Q q 0 0 0 rg BT 76.94 665.25 Td (net ) Tj ET Q q 0 0 0 rg BT 91.66 665.25 Td (income ) Tj ET Q q 0 0 0 rg BT 123.60 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 132.77 665.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 173.60 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 184.43 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.72 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.44 665.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 233.06 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.34 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.06 665.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 295.55 665.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 342.59 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 360.64 665.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 402.03 665.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 436.19 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.92 665.25 Td (new ) Tj ET Q q 0 0 0 rg BT 470.08 665.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 520.90 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.19 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.91 665.25 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 79.93 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.87 653.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 113.13 653.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 134.74 653.25 Td (with ) Tj ET Q q 0 0 0 rg BT 154.13 653.25 Td (no ) Tj ET Q q 0 0 0 rg BT 165.74 653.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 194.56 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.95 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.78 653.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 272.16 653.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 310.99 653.25 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 358.98 653.25 Td (except ) Tj ET Q q 0 0 0 rg BT 386.68 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.95 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.78 653.25 Td (change ) Tj ET Q q 0 0 0 rg BT 443.71 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.09 653.25 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 505.96 653.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 653.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.07 641.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 95.13 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.65 641.25 Td (present ) Tj ET Q q 0 0 0 rg BT 135.26 641.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 170.89 641.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 218.17 641.25 Td (out ) Tj ET Q q 0 0 0 rg BT 232.69 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.76 641.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 295.03 641.25 Td (other ) Tj ET Q q 0 0 0 rg BT 317.32 641.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 379.59 641.25 Td (income ) Tj ET Q q 0 0 0 rg BT 410.77 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.29 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.25 641.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 457.10 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.62 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.58 641.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.30 641.25 Td (statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 629.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.88 629.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.88 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 101.38 629.25 Td (- ) Tj ET Q q 0 0 0 rg BT 106.66 629.25 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 162.47 629.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 187.73 629.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 253.00 629.25 Td (Loss ) Tj ET Q q 0 0 0 rg BT 274.39 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 288.55 629.25 Td (further ) Tj ET Q q 0 0 0 rg BT 318.26 629.25 Td (detail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.56 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 95.01 608.25 Td (first ) Tj ET Q q 0 0 0 rg BT 113.35 608.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 143.90 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.47 608.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 178.35 608.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 203.09 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.54 608.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.66 608.25 Td (elected ) Tj ET Q q 0 0 0 rg BT 289.20 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.21 608.25 Td (change ) Tj ET Q q 0 0 0 rg BT 329.76 608.25 Td (its ) Tj ET Q q 0 0 0 rg BT 341.44 608.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 370.33 608.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 408.12 608.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 456.45 608.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 485.35 608.25 Td (date ) Tj ET Q q 0 0 0 rg BT 504.24 608.25 Td (from ) Tj ET Q q 0 0 0 rg BT 525.91 608.25 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.25 Td (28 ) Tj ET Q q 0 0 0 rg BT 62.50 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 72.78 596.25 Td (July ) Tj ET Q q 0 0 0 rg BT 91.95 596.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 99.45 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.28 596.25 Td (each ) Tj ET Q q 0 0 0 rg BT 131.09 596.25 Td (year) Tj ET Q q 0 0 0 rg BT 147.75 596.25 Td (. ) Tj ET Q q 0 0 0 rg BT 152.75 596.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 596.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 191.63 596.25 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.63 596.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.13 596.25 Td (- ) Tj ET Q q 0 0 0 rg BT 204.96 596.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 245.23 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.17 596.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 287.44 596.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 329.93 596.25 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 361.04 596.25 Td (net ) Tj ET Q q 0 0 0 rg BT 375.76 596.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.92 596.25 Td (further ) Tj ET Q q 0 0 0 rg BT 419.63 596.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 575.25 Td (Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.54 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.52 557.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 109.83 557.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 157.92 557.25 Td (include ) Tj ET Q q 0 0 0 rg BT 189.89 557.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 234.09 557.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 274.39 557.25 Td (that ) Tj ET Q q 0 0 0 rg BT 291.93 557.25 Td (are ) Tj ET Q q 0 0 0 rg BT 306.68 557.25 Td (not ) Tj ET Q q 0 0 0 rg BT 322.00 557.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 361.74 557.25 Td (by ) Tj ET Q q 0 0 0 rg BT 374.28 557.25 Td (third ) Tj ET Q q 0 0 0 rg BT 395.71 557.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 424.91 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.89 557.25 Td (have ) Tj ET Q q 0 0 0 rg BT 463.31 557.25 Td (an ) Tj ET Q q 0 0 0 rg BT 475.29 557.25 Td (original ) Tj ET Q q 0 0 0 rg BT 508.93 557.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 545.35 557.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.40 545.25 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.40 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.46 545.25 Td (days ) Tj ET Q q 0 0 0 rg BT 92.86 545.25 Td (or ) Tj ET Q q 0 0 0 rg BT 103.25 545.25 Td (less. ) Tj ET Q q 0 0 0 rg BT 122.82 545.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 159.87 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.71 545.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 206.76 545.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 239.92 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 254.19 545.25 Td (book ) Tj ET Q q 0 0 0 rg BT 276.26 545.25 Td (overdrafts ) Tj ET Q q 0 0 0 rg BT 318.86 545.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 370.35 545.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 419.08 545.25 Td (checks ) Tj ET Q q 0 0 0 rg BT 448.35 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.20 545.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 486.36 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.76 545.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 521.04 545.25 Td (on ) Tj ET Q q 0 0 0 rg BT 533.11 545.25 Td (deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 533.25 Td ($35 ) Tj ET Q q 0 0 0 rg BT 78.33 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.22 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.72 533.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.66 533.25 Td ($31 ) Tj ET Q q 0 0 0 rg BT 144.16 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.05 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.55 533.25 Td (as ) Tj ET Q q 0 0 0 rg BT 186.38 533.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.66 533.25 Td (August ) Tj ET Q q 0 0 0 rg BT 228.05 533.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.05 533.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 265.55 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.49 533.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.49 533.25 Td (, ) Tj ET Q q 0 0 0 rg BT 307.49 533.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 355.15 533.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (Accounts Receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 91.01 494.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 135.33 494.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 175.22 494.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 212.35 494.25 Td (due ) Tj ET Q q 0 0 0 rg BT 230.03 494.25 Td (from ) Tj ET Q q 0 0 0 rg BT 252.71 494.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 296.50 494.25 Td (on ) Tj ET Q q 0 0 0 rg BT 309.74 494.25 Td (product ) Tj ET Q q 0 0 0 rg BT 343.53 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.21 494.25 Td (other ) Tj ET Q q 0 0 0 rg BT 385.00 494.25 Td (sales. ) Tj ET Q q 0 0 0 rg BT 409.95 494.25 Td (These ) Tj ET Q q 0 0 0 rg BT 437.07 494.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 475.29 494.25 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 522.11 494.25 Td (which ) Tj ET Q q 0 0 0 rg BT 549.79 494.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 85.11 482.25 Td (by ) Tj ET Q q 0 0 0 rg BT 98.57 482.25 Td (an ) Tj ET Q q 0 0 0 rg BT 111.47 482.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 155.46 482.25 Td (for ) Tj ET Q q 0 0 0 rg BT 170.59 482.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 207.93 482.25 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 248.88 482.25 Td (are ) Tj ET Q q 0 0 0 rg BT 264.55 482.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 302.99 482.25 Td (at ) Tj ET Q q 0 0 0 rg BT 313.67 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.35 482.25 Td (invoiced ) Tj ET Q q 0 0 0 rg BT 367.24 482.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 400.70 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.60 482.25 Td (do ) Tj ET Q q 0 0 0 rg BT 432.06 482.25 Td (not ) Tj ET Q q 0 0 0 rg BT 448.30 482.25 Td (bear ) Tj ET Q q 0 0 0 rg BT 468.97 482.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 504.12 482.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 482.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 88.67 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.35 470.25 Td (collectability ) Tj ET Q q 0 0 0 rg BT 156.02 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.81 470.25 Td (its ) Tj ET Q q 0 0 0 rg BT 176.72 470.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 213.17 470.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 255.72 470.25 Td (based ) Tj ET Q q 0 0 0 rg BT 279.95 470.25 Td (on ) Tj ET Q q 0 0 0 rg BT 291.42 470.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.32 470.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 348.77 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.57 470.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 389.74 470.25 Td (including ) Tj ET Q q 0 0 0 rg BT 428.98 470.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 462.65 470.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 483.55 470.25 Td (were ) Tj ET Q q 0 0 0 rg BT 504.45 470.25 Td (made ) Tj ET Q q 0 0 0 rg BT 527.57 470.25 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 458.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 87.76 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.86 458.25 Td (credit. ) Tj ET Q q 0 0 0 rg BT 126.90 458.25 Td (In ) Tj ET Q q 0 0 0 rg BT 138.00 458.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 161.87 458.25 Td (where ) Tj ET Q q 0 0 0 rg BT 189.07 458.25 Td (management ) Tj ET Q q 0 0 0 rg BT 242.93 458.25 Td (is ) Tj ET Q q 0 0 0 rg BT 252.37 458.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 279.01 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.12 458.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 349.53 458.25 Td (that ) Tj ET Q q 0 0 0 rg BT 367.30 458.25 Td (may ) Tj ET Q q 0 0 0 rg BT 387.29 458.25 Td (impair ) Tj ET Q q 0 0 0 rg BT 416.16 458.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.37 458.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 457.24 458.25 Td (customer) Tj ET Q q 0 0 0 rg BT 494.27 458.25 Td () Tj ET Q q 0 0 0 rg BT 497.04 458.25 Td (s ) Tj ET Q q 0 0 0 rg BT 503.71 458.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 532.03 458.25 Td (to ) Tj ET Q q 0 0 0 rg BT 542.58 458.25 Td (meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (its ) Tj ET Q q 0 0 0 rg BT 61.51 446.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 98.56 446.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 147.57 446.25 Td (management ) Tj ET Q q 0 0 0 rg BT 200.72 446.25 Td (records ) Tj ET Q q 0 0 0 rg BT 232.22 446.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.72 446.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 271.88 446.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 314.48 446.25 Td (against ) Tj ET Q q 0 0 0 rg BT 344.87 446.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 380.82 446.25 Td (due ) Tj ET Q q 0 0 0 rg BT 397.32 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.83 446.25 Td (reduces ) Tj ET Q q 0 0 0 rg BT 446.43 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.71 446.25 Td (net ) Tj ET Q q 0 0 0 rg BT 475.00 446.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 520.92 446.25 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.59 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 73.61 434.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 105.42 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.44 434.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 160.14 434.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 194.71 434.25 Td (will ) Tj ET Q q 0 0 0 rg BT 212.08 434.25 Td (be ) Tj ET Q q 0 0 0 rg BT 223.33 434.25 Td (collected. ) Tj ET Q q 0 0 0 rg BT 263.72 434.25 Td (For ) Tj ET Q q 0 0 0 rg BT 279.42 434.25 Td (all ) Tj ET Q q 0 0 0 rg BT 291.23 434.25 Td (other ) Tj ET Q q 0 0 0 rg BT 313.58 434.25 Td (customers, ) Tj ET Q q 0 0 0 rg BT 358.44 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.47 434.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 413.16 434.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 453.85 434.25 Td (an ) Tj ET Q q 0 0 0 rg BT 465.10 434.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 507.44 434.25 Td (that ) Tj ET Q q 0 0 0 rg BT 524.25 434.25 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 422.25 Td (total ) Tj ET Q q 0 0 0 rg BT 83.40 422.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 130.08 422.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 180.95 422.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 219.87 422.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 261.01 422.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 281.59 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.73 422.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 338.31 422.25 Td (trends. ) Tj ET Q q 0 0 0 rg BT 366.58 422.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 406.06 422.25 Td (are ) Tj ET Q q 0 0 0 rg BT 419.97 422.25 Td (written ) Tj ET Q q 0 0 0 rg BT 450.00 422.25 Td (of) Tj ET Q q 0 0 0 rg BT 458.15 422.25 Td (f ) Tj ET Q q 0 0 0 rg BT 463.19 422.25 Td (when ) Tj ET Q q 0 0 0 rg BT 486.55 422.25 Td (all ) Tj ET Q q 0 0 0 rg BT 498.26 422.25 Td (ef) Tj ET Q q 0 0 0 rg BT 505.84 422.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 525.88 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.37 422.25 Td (collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (have ) Tj ET Q q 0 0 0 rg BT 71.38 410.25 Td (been ) Tj ET Q q 0 0 0 rg BT 92.75 410.25 Td (exhausted. ) Tj ET Q q 0 0 0 rg BT 137.56 410.25 Td (The ) Tj ET Q q 0 0 0 rg BT 155.61 410.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 198.64 410.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.80 410.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 249.18 410.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 286.67 410.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.72 410.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 317.22 410.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.11 410.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.61 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 359.44 410.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.72 410.25 Td (August ) Tj ET Q q 0 0 0 rg BT 401.11 410.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 416.11 410.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 438.61 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.55 410.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.55 410.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (Inventories, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.83 371.25 Td (Company) Tj ET Q q 0 0 0 rg BT 108.50 371.25 Td (s ) Tj ET Q q 0 0 0 rg BT 113.68 371.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 159.40 371.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 197.90 371.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 226.96 371.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.58 371.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 258.96 371.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 282.46 371.25 Td (\(ferrous, ) Tj ET Q q 0 0 0 rg BT 317.90 371.25 Td (nonferrous, ) Tj ET Q q 0 0 0 rg BT 365.00 371.25 Td (processed ) Tj ET Q q 0 0 0 rg BT 405.72 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.45 371.25 Td (unprocessed\), ) Tj ET Q q 0 0 0 rg BT 477.99 371.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 522.60 371.25 Td (recovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 69.81 359.25 Td (product ) Tj ET Q q 0 0 0 rg BT 101.84 359.25 Td (\(nonferrous ) Tj ET Q q 0 0 0 rg BT 149.96 359.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 178.66 359.25 Td (from ) Tj ET Q q 0 0 0 rg BT 199.57 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.27 359.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 273.05 359.25 Td (process\), ) Tj ET Q q 0 0 0 rg BT 310.35 359.25 Td (used ) Tj ET Q q 0 0 0 rg BT 330.16 359.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.07 359.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 382.54 359.25 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 419.28 359.25 Td (semi-finished ) Tj ET Q q 0 0 0 rg BT 475.19 359.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 494.99 359.25 Td (products ) Tj ET Q q 0 0 0 rg BT 530.91 359.25 Td (\(billets\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 347.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 100.47 347.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 120.71 347.25 Td (products ) Tj ET Q q 0 0 0 rg BT 157.06 347.25 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 199.51 347.25 Td (rebar) Tj ET Q q 0 0 0 rg BT 219.64 347.25 Td (, ) Tj ET Q q 0 0 0 rg BT 224.05 347.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 263.16 347.25 Td (bar ) Tj ET Q q 0 0 0 rg BT 277.84 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.19 347.25 Td (wire ) Tj ET Q q 0 0 0 rg BT 313.87 347.25 Td (rod\). ) Tj ET Q q 0 0 0 rg BT 334.94 347.25 Td (Inventories ) Tj ET Q q 0 0 0 rg BT 381.83 347.25 Td (are ) Tj ET Q q 0 0 0 rg BT 395.95 347.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 421.18 347.25 Td (at ) Tj ET Q q 0 0 0 rg BT 430.31 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.43 347.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 469.11 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.35 347.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.37 347.25 Td (or ) Tj ET Q q 0 0 0 rg BT 507.61 347.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 539.78 347.25 Td (MRB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 96.81 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 335.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 131.01 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.28 335.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 173.54 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.92 335.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 237.18 335.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 284.55 335.25 Td (using ) Tj ET Q q 0 0 0 rg BT 309.16 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.31 335.25 Td (average ) Tj ET Q q 0 0 0 rg BT 358.33 335.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 377.38 335.25 Td (method ) Tj ET Q q 0 0 0 rg BT 410.31 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.69 335.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 472.83 335.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 526.32 335.25 Td (all ) Tj ET Q q 0 0 0 rg BT 539.25 335.25 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.11 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 88.67 323.25 Td (yard ) Tj ET Q q 0 0 0 rg BT 108.55 323.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 130.66 323.25 Td (into ) Tj ET Q q 0 0 0 rg BT 148.33 323.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 186.01 323.25 Td (. ) Tj ET Q q 0 0 0 rg BT 190.62 323.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 214.96 323.25 Td (allocates ) Tj ET Q q 0 0 0 rg BT 252.06 323.25 Td (material ) Tj ET Q q 0 0 0 rg BT 286.93 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.48 323.25 Td (production ) Tj ET Q q 0 0 0 rg BT 348.92 323.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 371.03 323.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.92 323.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 401.37 323.25 Td (products ) Tj ET Q q 0 0 0 rg BT 437.92 323.25 Td (using ) Tj ET Q q 0 0 0 rg BT 461.71 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.04 323.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 499.26 323.25 Td (mar) Tj ET Q q 0 0 0 rg BT 514.63 323.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 529.52 323.25 Td (method. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.78 311.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 117.98 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.52 311.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 150.96 311.25 Td (for ) Tj ET Q q 0 0 0 rg BT 164.94 311.25 Td (used ) Tj ET Q q 0 0 0 rg BT 185.60 311.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.37 311.25 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 239.68 311.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 270.88 311.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 311.53 311.25 Td (based ) Tj ET Q q 0 0 0 rg BT 336.62 311.25 Td (on ) Tj ET Q q 0 0 0 rg BT 348.95 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.49 311.25 Td (average ) Tj ET Q q 0 0 0 rg BT 396.90 311.25 Td (price ) Tj ET Q q 0 0 0 rg BT 419.22 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.76 311.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 474.97 311.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 495.63 311.25 Td (for ) Tj ET Q q 0 0 0 rg BT 509.62 311.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.38 311.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 547.58 311.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 95.36 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.74 299.25 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 142.78 299.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 162.05 299.25 Td (into ) Tj ET Q q 0 0 0 rg BT 180.77 299.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 218.44 299.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.11 299.25 Td (SMB ) Tj ET Q q 0 0 0 rg BT 248.39 299.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 295.43 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.81 299.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 330.08 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.57 299.25 Td (its ) Tj ET Q q 0 0 0 rg BT 354.18 299.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 389.56 299.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 411.05 299.25 Td (product ) Tj ET Q q 0 0 0 rg BT 444.76 299.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 486.25 299.25 Td (based ) Tj ET Q q 0 0 0 rg BT 512.18 299.25 Td (on ) Tj ET Q q 0 0 0 rg BT 525.34 299.25 Td (weighted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (average ) Tj ET Q q 0 0 0 rg BT 83.26 287.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 105.44 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.05 287.25 Td (capitalizes ) Tj ET Q q 0 0 0 rg BT 166.43 287.25 Td (all ) Tj ET Q q 0 0 0 rg BT 178.60 287.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 203.54 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.15 287.25 Td (indirect ) Tj ET Q q 0 0 0 rg BT 252.87 287.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 275.05 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.56 287.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 346.04 287.25 Td (into ) Tj ET Q q 0 0 0 rg BT 363.78 287.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 401.45 287.25 Td (. ) Tj ET Q q 0 0 0 rg BT 406.13 287.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 439.40 287.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 461.58 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.08 287.25 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 532.57 287.25 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (general ) Tj ET Q q 0 0 0 rg BT 82.42 275.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 105.41 275.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 130.91 275.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 184.43 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.86 275.25 Td (yard ) Tj ET Q q 0 0 0 rg BT 222.63 275.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 247.91 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 266.45 275.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.33 275.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 349.10 275.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 390.41 275.25 Td (future ) Tj ET Q q 0 0 0 rg BT 417.28 275.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 446.94 275.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 473.82 275.25 Td (when ) Tj ET Q q 0 0 0 rg BT 498.47 275.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 549.79 275.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.59 263.25 Td (net ) Tj ET Q q 0 0 0 rg BT 107.07 263.25 Td (realizable ) Tj ET Q q 0 0 0 rg BT 149.20 263.25 Td (value ) Tj ET Q q 0 0 0 rg BT 174.12 263.25 Td (for ) Tj ET Q q 0 0 0 rg BT 189.05 263.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.77 263.25 Td (inventory) Tj ET Q q 0 0 0 rg BT 239.44 263.25 Td (. ) Tj ET Q q 0 0 0 rg BT 244.49 263.25 Td (As ) Tj ET Q q 0 0 0 rg BT 258.87 263.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 284.37 263.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 324.84 263.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 345.89 263.25 Td (its ) Tj ET Q q 0 0 0 rg BT 358.60 263.25 Td (export ) Tj ET Q q 0 0 0 rg BT 387.42 263.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 424.55 263.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 456.14 263.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 481.62 263.25 Td (under ) Tj ET Q q 0 0 0 rg BT 507.65 263.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.01 263.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.49 251.25 Td (for ) Tj ET Q q 0 0 0 rg BT 98.10 251.25 Td (shipment ) Tj ET Q q 0 0 0 rg BT 137.71 251.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.22 251.25 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.22 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.16 251.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.89 251.25 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.89 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 202.83 251.25 Td (days ) Tj ET Q q 0 0 0 rg BT 224.11 251.25 Td (after ) Tj ET Q q 0 0 0 rg BT 245.37 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.54 251.25 Td (price ) Tj ET Q q 0 0 0 rg BT 283.47 251.25 Td (is ) Tj ET Q q 0 0 0 rg BT 293.09 251.25 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 325.18 251.25 Td (it ) Tj ET Q q 0 0 0 rg BT 333.68 251.25 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 365.51 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.67 251.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 410.29 251.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 437.11 251.25 Td (under ) Tj ET Q q 0 0 0 rg BT 462.82 251.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 508.54 251.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 547.58 251.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.45 239.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 98.45 239.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.12 239.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 162.46 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.68 239.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 217.02 239.25 Td (market ) Tj ET Q q 0 0 0 rg BT 246.79 239.25 Td (price ) Tj ET Q q 0 0 0 rg BT 268.79 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.13 239.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 320.02 239.25 Td (on ) Tj ET Q q 0 0 0 rg BT 332.04 239.25 Td (hand ) Tj ET Q q 0 0 0 rg BT 353.49 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 370.49 239.25 Td (will ) Tj ET Q q 0 0 0 rg BT 388.06 239.25 Td (be ) Tj ET Q q 0 0 0 rg BT 399.51 239.25 Td (shipped ) Tj ET Q q 0 0 0 rg BT 432.63 239.25 Td (under ) Tj ET Q q 0 0 0 rg BT 457.41 239.25 Td (these ) Tj ET Q q 0 0 0 rg BT 479.97 239.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 518.08 239.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.53 239.25 Td (orders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.52 218.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.38 218.25 Td (performs ) Tj ET Q q 0 0 0 rg BT 149.45 218.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 185.19 218.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 221.48 218.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 268.89 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.64 218.25 Td (verify ) Tj ET Q q 0 0 0 rg BT 306.49 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.68 218.25 Td (quantity ) Tj ET Q q 0 0 0 rg BT 357.43 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.73 218.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 410.03 218.25 Td (on ) Tj ET Q q 0 0 0 rg BT 423.00 218.25 Td (hand. ) Tj ET Q q 0 0 0 rg BT 447.91 218.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 467.54 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.29 218.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 520.70 218.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.45 218.25 Td (product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (density) Tj ET Q q 0 0 0 rg BT 78.24 206.25 Td (, ) Tj ET Q q 0 0 0 rg BT 83.77 206.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 117.37 206.25 Td (period ) Tj ET Q q 0 0 0 rg BT 145.95 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.43 206.25 Td (production ) Tj ET Q q 0 0 0 rg BT 209.79 206.25 Td (processes ) Tj ET Q q 0 0 0 rg BT 251.15 206.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 284.17 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.99 206.25 Td (manufacture ) Tj ET Q q 0 0 0 rg BT 348.00 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.25 206.25 Td (product, ) Tj ET Q q 0 0 0 rg BT 399.34 206.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 435.70 206.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 483.17 206.25 Td (will ) Tj ET Q q 0 0 0 rg BT 501.76 206.25 Td (not ) Tj ET Q q 0 0 0 rg BT 517.58 206.25 Td (necessarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 76.43 194.25 Td (all ) Tj ET Q q 0 0 0 rg BT 88.98 194.25 Td (variances ) Tj ET Q q 0 0 0 rg BT 129.29 194.25 Td (for ) Tj ET Q q 0 0 0 rg BT 143.51 194.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 168.28 194.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 209.16 194.25 Td (such ) Tj ET Q q 0 0 0 rg BT 230.05 194.25 Td (that ) Tj ET Q q 0 0 0 rg BT 247.60 194.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 287.37 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.26 194.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 339.70 194.25 Td (are ) Tj ET Q q 0 0 0 rg BT 354.47 194.25 Td (required. ) Tj ET Q q 0 0 0 rg BT 392.65 194.25 Td (T) Tj ET Q q 0 0 0 rg BT 398.06 194.25 Td (o ) Tj ET Q q 0 0 0 rg BT 405.62 194.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 440.95 194.25 Td (this ) Tj ET Q q 0 0 0 rg BT 457.95 194.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 478.01 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.79 194.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 534.23 194.25 Td (adjusts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.84 182.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 94.54 182.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 131.26 182.25 Td (inventories ) Tj ET Q q 0 0 0 rg BT 179.08 182.25 Td (when ) Tj ET Q q 0 0 0 rg BT 204.13 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.73 182.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 253.11 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.83 182.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.66 182.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 321.60 182.25 Td (is ) Tj ET Q q 0 0 0 rg BT 331.65 182.25 Td (low ) Tj ET Q q 0 0 0 rg BT 350.04 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.87 182.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.69 182.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 412.41 182.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 454.12 182.25 Td (count ) Tj ET Q q 0 0 0 rg BT 479.72 182.25 Td (can ) Tj ET Q q 0 0 0 rg BT 496.99 182.25 Td (more ) Tj ET Q q 0 0 0 rg BT 520.92 182.25 Td (accurately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.82 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.54 170.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 143.58 170.25 Td (volume.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (Property) Tj ET Q q 0 0 0 rg BT 85.18 149.25 Td (, Plant and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (Property) Tj ET Q q 0 0 0 rg BT 83.79 131.25 Td (, ) Tj ET Q q 0 0 0 rg BT 89.40 131.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 112.50 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.05 131.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 175.38 131.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.69 131.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 228.78 131.25 Td (at ) Tj ET Q q 0 0 0 rg BT 239.11 131.25 Td (cost. ) Tj ET Q q 0 0 0 rg BT 260.83 131.25 Td (Expenditures ) Tj ET Q q 0 0 0 rg BT 316.70 131.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.47 131.25 Td (major ) Tj ET Q q 0 0 0 rg BT 357.91 131.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 397.68 131.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.23 131.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 475.55 131.25 Td (are ) Tj ET Q q 0 0 0 rg BT 490.87 131.25 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 539.79 131.25 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (routine ) Tj ET Q q 0 0 0 rg BT 80.13 119.25 Td (repair ) Tj ET Q q 0 0 0 rg BT 105.25 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.49 119.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 173.82 119.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.63 119.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.64 119.25 Td (expensed ) Tj ET Q q 0 0 0 rg BT 248.65 119.25 Td (as ) Tj ET Q q 0 0 0 rg BT 258.78 119.25 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 296.40 119.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 328.19 119.25 Td (related ) Tj ET Q q 0 0 0 rg BT 357.20 119.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.78 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.80 119.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 432.04 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.18 119.25 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 485.08 119.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 510.22 119.25 Td (is ) Tj ET Q q 0 0 0 rg BT 518.69 119.25 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.82 107.25 Td (part ) Tj ET Q q 0 0 0 rg BT 78.87 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.69 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.40 107.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 156.33 107.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 178.82 107.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.75 107.25 Td (was ) Tj ET Q q 0 0 0 rg BT 213.80 107.25 Td (not ) Tj ET Q q 0 0 0 rg BT 229.07 107.25 Td (material ) Tj ET Q q 0 0 0 rg BT 264.33 107.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.60 107.25 Td (any ) Tj ET Q q 0 0 0 rg BT 291.53 107.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.36 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.07 107.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 349.00 107.25 Td (presented. ) Tj ET Q q 0 0 0 rg BT 392.13 107.25 Td (When ) Tj ET Q q 0 0 0 rg BT 418.50 107.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 444.32 107.25 Td (are ) Tj ET Q q 0 0 0 rg BT 459.02 107.25 Td (retired ) Tj ET Q q 0 0 0 rg BT 487.61 107.25 Td (or ) Tj ET Q q 0 0 0 rg BT 498.44 107.25 Td (sold, ) Tj ET Q q 0 0 0 rg BT 520.10 107.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.81 107.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.08 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.50 95.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 137.00 95.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 188.39 95.25 Td (are ) Tj ET Q q 0 0 0 rg BT 202.57 95.25 Td (removed ) Tj ET Q q 0 0 0 rg BT 239.53 95.25 Td (from ) Tj ET Q q 0 0 0 rg BT 260.94 95.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.13 95.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 312.09 95.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.51 95.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 365.48 95.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 388.56 95.25 Td (or ) Tj ET Q q 0 0 0 rg BT 398.86 95.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 424.73 95.25 Td (are ) Tj ET Q q 0 0 0 rg BT 438.91 95.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 478.08 95.25 Td (included ) Tj ET Q q 0 0 0 rg BT 514.49 95.25 Td (in ) Tj ET Q q 0 0 0 rg BT 524.25 95.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 91.01 83.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 145.07 83.25 Td (is ) Tj ET Q q 0 0 0 rg BT 154.15 83.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 191.54 83.25 Td (on ) Tj ET Q q 0 0 0 rg BT 203.96 83.25 Td (a ) Tj ET Q q 0 0 0 rg BT 210.81 83.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 261.55 83.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 283.96 83.25 Td (over ) Tj ET Q q 0 0 0 rg BT 304.14 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.77 83.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 359.51 83.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 386.36 83.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 407.66 83.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.41 83.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.04 83.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 461.28 83.25 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 504.79 83.25 Td (improvements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 71.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 107.19 71.25 Td (over ) Tj ET Q q 0 0 0 rg BT 127.46 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.17 71.25 Td (shorter ) Tj ET Q q 0 0 0 rg BT 172.44 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.27 71.25 Td (their ) Tj ET Q q 0 0 0 rg BT 204.10 71.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 244.92 71.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 271.86 71.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 293.24 71.25 Td (or ) Tj ET Q q 0 0 0 rg BT 304.07 71.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.79 71.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 361.83 71.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 384.32 71.25 Td (term.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (56) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.61 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.89 731.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 120.28 731.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.28 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.28 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.00 731.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 186.94 731.10 Td (lives ) Tj ET Q q 0 0 0 rg BT 208.33 731.10 Td (used ) Tj ET Q q 0 0 0 rg BT 229.16 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 243.32 731.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 295.23 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.17 731.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 365.21 731.10 Td (were ) Tj ET Q q 0 0 0 rg BT 387.14 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.97 731.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 696.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 696.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 666.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 666.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.60 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 636.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 696.6 m 562.5 696.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 700.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.50 711.28 Td (Useful Life) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.90 701.28 Td (\(In ) Tj ET Q q 0 0 0 rg BT 518.81 701.28 Td (Y) Tj ET Q q 0 0 0 rg BT 524.93 701.28 Td (ears\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 687.17 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.10 686.27 Td (3 to 40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (Land improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.10 671.27 Td (3 to 35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.17 Td (Buildings and leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.10 656.27 Td (5 to 40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 642.17 Td (Office equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.10 641.27 Td (2 to 20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.17 Td (Enterprise Resource Planning \(ERP\) systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.75 626.27 Td (11 to 17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Long-lived ) Tj ET Q q 0 0 0 rg BT 97.92 604.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.73 604.10 Td (held ) Tj ET Q q 0 0 0 rg BT 145.43 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.35 604.10 Td (used ) Tj ET Q q 0 0 0 rg BT 185.16 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.65 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.35 604.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 256.72 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.41 604.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 304.21 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.48 604.10 Td (an ) Tj ET Q q 0 0 0 rg BT 328.40 604.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 377.98 604.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 425.90 604.10 Td (when ) Tj ET Q q 0 0 0 rg BT 451.04 604.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 481.73 604.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 524.64 604.10 Td (events ) Tj ET Q q 0 0 0 rg BT 553.67 604.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 108.97 592.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 142.95 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.27 592.10 Td (their ) Tj ET Q q 0 0 0 rg BT 180.93 592.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 216.57 592.10 Td (value ) Tj ET Q q 0 0 0 rg BT 240.56 592.10 Td (may ) Tj ET Q q 0 0 0 rg BT 260.10 592.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.87 592.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 312.24 592.10 Td (If ) Tj ET Q q 0 0 0 rg BT 321.23 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.78 592.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 371.42 592.10 Td (value ) Tj ET Q q 0 0 0 rg BT 395.41 592.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 429.38 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.93 592.10 Td (Company) Tj ET Q q 0 0 0 rg BT 485.59 592.10 Td (s ) Tj ET Q q 0 0 0 rg BT 491.81 592.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 527.46 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.12 592.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 105.60 580.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 125.64 580.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 150.14 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.74 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.23 580.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 219.16 580.10 Td (related ) Tj ET Q q 0 0 0 rg BT 248.64 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.69 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.18 580.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 301.29 580.10 Td (an ) Tj ET Q q 0 0 0 rg BT 313.00 580.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 361.38 580.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.32 580.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 407.57 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.50 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.00 580.10 Td (dif) Tj ET Q q 0 0 0 rg BT 446.92 580.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 478.61 580.10 Td (between ) Tj ET Q q 0 0 0 rg BT 514.20 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.69 580.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.46 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.69 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.71 568.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.39 568.10 Td (value ) Tj ET Q q 0 0 0 rg BT 147.84 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.97 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.99 568.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 202.62 568.10 Td (During ) Tj ET Q q 0 0 0 rg BT 233.75 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.77 568.10 Td (year ) Tj ET Q q 0 0 0 rg BT 268.78 568.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 294.84 568.10 Td (August ) Tj ET Q q 0 0 0 rg BT 326.53 568.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 341.83 568.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 367.13 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.15 568.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 423.83 568.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 461.61 568.10 Td (an ) Tj ET Q q 0 0 0 rg BT 473.85 568.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 522.75 568.10 Td (char) Tj ET Q q 0 0 0 rg BT 539.77 568.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 552.01 568.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 92.66 556.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 117.54 556.10 Td (held ) Tj ET Q q 0 0 0 rg BT 136.31 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.30 556.10 Td (used ) Tj ET Q q 0 0 0 rg BT 172.18 556.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.07 556.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 193.62 556.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.51 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.56 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.55 556.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 262.99 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.88 556.10 Td (which ) Tj ET Q q 0 0 0 rg BT 298.87 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 307.09 556.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 341.96 556.10 Td (within ) Tj ET Q q 0 0 0 rg BT 369.07 556.10 Td (other ) Tj ET Q q 0 0 0 rg BT 391.17 556.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 412.16 556.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 459.81 556.10 Td (char) Tj ET Q q 0 0 0 rg BT 476.84 556.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 491.72 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.71 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.48 556.10 Td (remainder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.50 544.10 Td (within ) Tj ET Q q 0 0 0 rg BT 113.25 544.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 166.53 544.10 Td (char) Tj ET Q q 0 0 0 rg BT 183.56 544.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 199.08 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.71 544.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 263.42 544.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 285.61 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.58 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.98 544.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 364.95 544.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 411.02 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.54 544.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 469.94 544.10 Td (There ) Tj ET Q q 0 0 0 rg BT 495.45 544.10 Td (were ) Tj ET Q q 0 0 0 rg BT 517.07 544.10 Td (no ) Tj ET Q q 0 0 0 rg BT 529.25 544.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 102.49 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.77 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.49 532.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 163.30 532.10 Td (value ) Tj ET Q q 0 0 0 rg BT 187.46 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.29 532.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 241.89 532.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.72 532.10 Td (held ) Tj ET Q q 0 0 0 rg BT 287.44 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.38 532.10 Td (used ) Tj ET Q q 0 0 0 rg BT 325.21 532.10 Td (during ) Tj ET Q q 0 0 0 rg BT 353.81 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.53 532.10 Td (years ) Tj ET Q q 0 0 0 rg BT 392.13 532.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 417.95 532.10 Td (August ) Tj ET Q q 0 0 0 rg BT 449.35 532.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.35 532.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 486.85 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.78 532.10 Td (2012.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (Investments in Joint V) Tj ET Q q 0 0 0 rg BT 141.97 511.10 Td (enture Partnerships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.75 493.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.13 493.10 Td (August ) Tj ET Q q 0 0 0 rg BT 105.66 493.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 120.80 493.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 143.43 493.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.51 493.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.51 493.10 Td (, ) Tj ET Q q 0 0 0 rg BT 185.64 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.49 493.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.02 493.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.09 493.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.64 493.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.27 493.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.60 493.10 Td (-owned ) Tj ET Q q 0 0 0 rg BT 328.23 493.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 349.20 493.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 381.82 493.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 417.78 493.10 Td (which ) Tj ET Q q 0 0 0 rg BT 444.86 493.10 Td (were ) Tj ET Q q 0 0 0 rg BT 466.92 493.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 510.09 493.10 Td (for ) Tj ET Q q 0 0 0 rg BT 524.38 493.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.79 493.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 76.65 481.10 Td (method ) Tj ET Q q 0 0 0 rg BT 108.29 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.28 481.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 163.80 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.89 481.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 219.86 481.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.84 481.10 Td (part ) Tj ET Q q 0 0 0 rg BT 247.04 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.02 481.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 280.90 481.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 326.59 481.10 Td (The ) Tj ET Q q 0 0 0 rg BT 343.79 481.10 Td (Company) Tj ET Q q 0 0 0 rg BT 385.45 481.10 Td (s ) Tj ET Q q 0 0 0 rg BT 391.00 481.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 440.42 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.85 481.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 476.50 481.10 Td (method ) Tj ET Q q 0 0 0 rg BT 508.15 481.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 528.13 481.10 Td (ventures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.40 469.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 105.57 469.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.87 469.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 162.81 469.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 218.11 469.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 254.50 469.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.35 469.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 282.87 469.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.76 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.28 469.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.24 469.10 Td ($1) Tj ET Q q 0 0 0 rg BT 340.86 469.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 348.38 469.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.27 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 379.79 469.10 Td (as ) Tj ET Q q 0 0 0 rg BT 390.64 469.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.93 469.10 Td (August ) Tj ET Q q 0 0 0 rg BT 432.34 469.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 447.36 469.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 469.88 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.84 469.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.84 469.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.86 469.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.52 469.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 457.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.25 457.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 77.38 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.74 457.10 Td (value ) Tj ET Q q 0 0 0 rg BT 111.97 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.87 457.10 Td (an ) Tj ET Q q 0 0 0 rg BT 134.89 457.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 181.35 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.70 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 198.71 457.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 219.62 457.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 252.19 457.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 299.75 457.10 Td (that ) Tj ET Q q 0 0 0 rg BT 317.32 457.10 Td (is ) Tj ET Q q 0 0 0 rg BT 326.56 457.10 Td (other ) Tj ET Q q 0 0 0 rg BT 349.69 457.10 Td (than ) Tj ET Q q 0 0 0 rg BT 369.48 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.49 457.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 420.16 457.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 451.61 457.10 Td (is ) Tj ET Q q 0 0 0 rg BT 460.85 457.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 509.79 457.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 90.43 445.10 Td (all ) Tj ET Q q 0 0 0 rg BT 103.09 445.10 Td (available ) Tj ET Q q 0 0 0 rg BT 141.85 445.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 180.04 445.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.49 445.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 226.46 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.35 445.10 Td (realizable ) Tj ET Q q 0 0 0 rg BT 282.87 445.10 Td (value ) Tj ET Q q 0 0 0 rg BT 307.19 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.18 445.10 Td (its ) Tj ET Q q 0 0 0 rg BT 330.30 445.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 380.74 445.10 Td (including ) Tj ET Q q 0 0 0 rg BT 421.17 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.06 445.10 Td (length ) Tj ET Q q 0 0 0 rg BT 463.72 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.71 445.10 Td (time ) Tj ET Q q 0 0 0 rg BT 495.15 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.25 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.13 445.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 554.23 445.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.77 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.33 433.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.54 433.10 Td (value ) Tj ET Q q 0 0 0 rg BT 131.53 433.10 Td (has ) Tj ET Q q 0 0 0 rg BT 147.19 433.10 Td (been ) Tj ET Q q 0 0 0 rg BT 168.41 433.10 Td (less ) Tj ET Q q 0 0 0 rg BT 185.74 433.10 Td (than ) Tj ET Q q 0 0 0 rg BT 205.29 433.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 226.24 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.79 433.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 278.11 433.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 318.22 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.99 433.10 Td (near) Tj ET Q q 0 0 0 rg BT 352.00 433.10 Td (-term ) Tj ET Q q 0 0 0 rg BT 375.99 433.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 416.09 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.76 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.31 433.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 461.98 433.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 494.30 433.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 533.03 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 433.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 421.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.18 421.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 123.58 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.64 421.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 168.82 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 179.22 421.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 204.61 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.45 421.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 265.96 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 280.24 421.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.30 421.10 Td (period ) Tj ET Q q 0 0 0 rg BT 315.48 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.43 421.10 Td (time ) Tj ET Q q 0 0 0 rg BT 346.83 421.10 Td (suf) Tj ET Q q 0 0 0 rg BT 358.87 421.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 387.04 421.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.44 421.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 422.28 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.56 421.10 Td (any ) Tj ET Q q 0 0 0 rg BT 453.63 421.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 500.12 421.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 537.72 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.12 421.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 77.05 409.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 101.04 409.10 Td (management ) Tj ET Q q 0 0 0 rg BT 155.01 409.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 201.78 409.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.66 409.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.99 409.10 Td (other) Tj ET Q q 0 0 0 rg BT 252.34 409.10 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 320.20 409.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 369.19 409.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 397.36 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.47 409.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 459.24 409.10 Td (is ) Tj ET Q q 0 0 0 rg BT 468.80 409.10 Td (written ) Tj ET Q q 0 0 0 rg BT 500.01 409.10 Td (down ) Tj ET Q q 0 0 0 rg BT 525.13 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.80 409.10 Td (its ) Tj ET Q q 0 0 0 rg BT 548.13 409.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 76.38 397.10 Td (which ) Tj ET Q q 0 0 0 rg BT 103.05 397.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 148.60 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.27 397.10 Td (new ) Tj ET Q q 0 0 0 rg BT 174.16 397.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 192.49 397.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 217.06 397.10 Td (The ) Tj ET Q q 0 0 0 rg BT 234.84 397.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 275.95 397.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 322.05 397.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 338.16 397.10 Td (value ) Tj ET Q q 0 0 0 rg BT 362.04 397.10 Td (using ) Tj ET Q q 0 0 0 rg BT 385.94 397.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 410.93 397.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 418.16 397.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 444.83 397.10 Td (under ) Tj ET Q q 0 0 0 rg BT 469.83 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.27 397.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 500.38 397.10 Td (value ) Tj ET Q q 0 0 0 rg BT 524.26 397.10 Td (hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (using ) Tj ET Q q 0 0 0 rg BT 74.17 385.10 Td (an ) Tj ET Q q 0 0 0 rg BT 86.11 385.10 Td (income ) Tj ET Q q 0 0 0 rg BT 118.04 385.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 157.19 385.10 Td (based ) Tj ET Q q 0 0 0 rg BT 182.46 385.10 Td (on ) Tj ET Q q 0 0 0 rg BT 194.96 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 201.89 385.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 247.72 385.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 267.99 385.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 288.82 385.10 Td (analysis. ) Tj ET Q q 0 0 0 rg BT 326.04 385.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.26 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.40 364.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 120.98 364.10 Td (year ) Tj ET Q q 0 0 0 rg BT 141.12 364.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 167.28 364.10 Td (August ) Tj ET Q q 0 0 0 rg BT 199.10 364.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.52 364.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 239.95 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.09 364.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.91 364.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 334.81 364.10 Td (an ) Tj ET Q q 0 0 0 rg BT 347.18 364.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 396.20 364.10 Td (char) Tj ET Q q 0 0 0 rg BT 413.23 364.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 425.59 364.10 Td (related ) Tj ET Q q 0 0 0 rg BT 455.72 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.43 364.10 Td (an ) Tj ET Q q 0 0 0 rg BT 478.79 364.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 525.60 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.31 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 543.68 364.10 Td (joint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 83.27 352.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 131.55 352.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.17 352.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 156.46 352.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.35 352.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.14 352.10 Td (which ) Tj ET Q q 0 0 0 rg BT 218.86 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.82 352.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 265.42 352.10 Td (within ) Tj ET Q q 0 0 0 rg BT 294.27 352.10 Td (other ) Tj ET Q q 0 0 0 rg BT 318.11 352.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 340.83 352.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 390.22 352.10 Td (char) Tj ET Q q 0 0 0 rg BT 407.25 352.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 423.86 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.93 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.44 352.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 506.50 352.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 553.67 352.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 98.88 340.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.82 340.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 137.75 340.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.75 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.25 340.10 Td (- ) Tj ET Q q 0 0 0 rg BT 156.08 340.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 189.13 340.10 Td (Party ) Tj ET Q q 0 0 0 rg BT 212.55 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 218.31 340.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 265.80 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.96 340.10 Td (further ) Tj ET Q q 0 0 0 rg BT 309.66 340.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 334.38 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 346.88 340.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 397.14 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.42 340.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 438.25 340.10 Td (ventures. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 179.10 319.10 Td (Assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 90.52 301.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 133.80 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.76 301.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 177.61 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.68 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.64 301.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 241.92 301.10 Td (price ) Tj ET Q q 0 0 0 rg BT 264.65 301.10 Td (over ) Tj ET Q q 0 0 0 rg BT 285.17 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.13 301.10 Td (net ) Tj ET Q q 0 0 0 rg BT 315.09 301.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 347.83 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.90 301.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 407.18 301.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.26 301.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 470.42 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.61 301.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 527.57 301.10 Td (assumed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.03 289.10 Td (a ) Tj ET Q q 0 0 0 rg BT 64.72 289.10 Td (business ) Tj ET Q q 0 0 0 rg BT 99.87 289.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 151.11 289.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 190.68 289.10 Td (at ) Tj ET Q q 0 0 0 rg BT 199.15 289.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.27 289.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 239.59 289.10 Td (The ) Tj ET Q q 0 0 0 rg BT 256.39 289.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.53 289.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 334.99 289.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 371.79 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.71 289.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 432.06 289.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 467.74 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.44 289.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 504.69 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.16 289.10 Td (occurrence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.62 277.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.12 277.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 131.84 277.10 Td (events ) Tj ET Q q 0 0 0 rg BT 159.68 277.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.31 277.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 217.59 277.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 252.09 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.16 277.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 321.10 277.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.38 277.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 372.33 277.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.61 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.12 277.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 420.29 277.10 Td (value ) Tj ET Q q 0 0 0 rg BT 444.24 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.86 277.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 492.71 277.10 Td (may ) Tj ET Q q 0 0 0 rg BT 512.22 277.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.95 277.10 Td (impaired. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 98.39 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.47 265.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 145.77 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.18 265.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 179.25 265.10 Td (at ) Tj ET Q q 0 0 0 rg BT 188.21 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.17 265.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 240.57 265.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 257.87 265.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 281.16 265.10 Td (A) Tj ET Q q 0 0 0 rg BT 287.83 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.57 265.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 327.97 265.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 345.27 265.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.68 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.86 265.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 404.37 265.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 439.44 265.10 Td (or ) Tj ET Q q 0 0 0 rg BT 449.51 265.10 Td (one ) Tj ET Q q 0 0 0 rg BT 465.69 265.10 Td (level ) Tj ET Q q 0 0 0 rg BT 486.87 265.10 Td (below ) Tj ET Q q 0 0 0 rg BT 513.05 265.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.23 265.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 85.42 253.10 Td (\(referred ) Tj ET Q q 0 0 0 rg BT 122.48 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.36 253.10 Td (as ) Tj ET Q q 0 0 0 rg BT 142.78 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.32 253.10 Td (component\). ) Tj ET Q q 0 0 0 rg BT 201.53 253.10 Td (The ) Tj ET Q q 0 0 0 rg BT 219.17 253.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 260.15 253.10 Td (has ) Tj ET Q q 0 0 0 rg BT 275.58 253.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 322.66 253.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.75 253.10 Td (its ) Tj ET Q q 0 0 0 rg BT 351.29 253.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 390.04 253.10 Td (units ) Tj ET Q q 0 0 0 rg BT 411.59 253.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.34 253.10 Td (which ) Tj ET Q q 0 0 0 rg BT 451.88 253.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 489.53 253.10 Td (has ) Tj ET Q q 0 0 0 rg BT 504.96 253.10 Td (been ) Tj ET Q q 0 0 0 rg BT 525.93 253.10 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.29 241.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 110.02 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.88 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.18 241.10 Td (Company) Tj ET Q q 0 0 0 rg BT 177.85 241.10 Td (s ) Tj ET Q q 0 0 0 rg BT 184.82 241.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.67 241.10 Td (segments, ) Tj ET Q q 0 0 0 rg BT 268.47 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 279.88 241.10 Td (all ) Tj ET Q q 0 0 0 rg BT 292.96 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.37 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.67 241.10 Td (components ) Tj ET Q q 0 0 0 rg BT 371.08 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.49 241.10 Td (each ) Tj ET Q q 0 0 0 rg BT 403.89 241.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 444.73 241.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 481.14 241.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 503.66 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.96 241.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 550.35 241.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (aggregation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (When ) Tj ET Q q 0 0 0 rg BT 76.85 208.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 106.49 208.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 145.02 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.65 208.10 Td (impairment, ) Tj ET Q q 0 0 0 rg BT 211.22 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.41 208.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.27 208.10 Td (has ) Tj ET Q q 0 0 0 rg BT 284.57 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.76 208.10 Td (option ) Tj ET Q q 0 0 0 rg BT 328.29 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.04 208.10 Td (first ) Tj ET Q q 0 0 0 rg BT 358.12 208.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 385.54 208.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 430.72 208.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 460.90 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.65 208.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 514.60 208.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 549.78 208.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 90.53 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.20 196.10 Td (events ) Tj ET Q q 0 0 0 rg BT 131.07 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 142.74 196.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 202.71 196.10 Td (leads ) Tj ET Q q 0 0 0 rg BT 226.59 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.70 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.47 196.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 304.33 196.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.66 196.10 Td (it ) Tj ET Q q 0 0 0 rg BT 331.55 196.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.55 196.10 Td (more ) Tj ET Q q 0 0 0 rg BT 365.43 196.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 391.53 196.10 Td (than ) Tj ET Q q 0 0 0 rg BT 412.08 196.10 Td (not ) Tj ET Q q 0 0 0 rg BT 428.19 196.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.52 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.07 196.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 503.72 196.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 520.93 196.10 Td (value ) Tj ET Q q 0 0 0 rg BT 545.91 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.58 196.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.22 184.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 107.34 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.58 184.10 Td (less ) Tj ET Q q 0 0 0 rg BT 134.15 184.10 Td (than ) Tj ET Q q 0 0 0 rg BT 153.93 184.10 Td (its ) Tj ET Q q 0 0 0 rg BT 165.94 184.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 201.82 184.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 236.88 184.10 Td (If ) Tj ET Q q 0 0 0 rg BT 246.11 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.89 184.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 302.35 184.10 Td (elects ) Tj ET Q q 0 0 0 rg BT 327.68 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.02 184.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 372.79 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.80 184.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 424.57 184.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 471.57 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.58 184.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 535.02 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 552.58 184.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.32 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.20 172.10 Td (more ) Tj ET Q q 0 0 0 rg BT 129.97 172.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 154.96 172.10 Td (than ) Tj ET Q q 0 0 0 rg BT 174.39 172.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 191.88 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.32 172.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.42 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.31 172.10 Td (then ) Tj ET Q q 0 0 0 rg BT 275.74 172.10 Td (required ) Tj ET Q q 0 0 0 rg BT 311.27 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.27 172.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 355.69 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.13 172.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 406.78 172.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 456.21 172.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 504.52 172.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 523.13 172.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (no ) Tj ET Q q 0 0 0 rg BT 61.68 160.10 Td (further ) Tj ET Q q 0 0 0 rg BT 90.58 160.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 124.48 160.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.83 160.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 170.21 160.10 Td (The ) Tj ET Q q 0 0 0 rg BT 187.44 160.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 228.01 160.10 Td (also ) Tj ET Q q 0 0 0 rg BT 245.81 160.10 Td (may ) Tj ET Q q 0 0 0 rg BT 264.71 160.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 285.26 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 299.73 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.19 160.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 343.08 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.98 160.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 400.87 160.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 447.00 160.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 465.62 160.10 Td (instead, ) Tj ET Q q 0 0 0 rg BT 498.13 160.10 Td (proceed ) Tj ET Q q 0 0 0 rg BT 531.46 160.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 148.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 111.93 148.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 161.64 148.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 210.24 148.10 Td (test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.69 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.28 127.10 Td (first ) Tj ET Q q 0 0 0 rg BT 93.75 127.10 Td (step ) Tj ET Q q 0 0 0 rg BT 112.22 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.92 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.50 127.10 Td (two-step ) Tj ET Q q 0 0 0 rg BT 174.30 127.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 223.87 127.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 272.34 127.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 291.09 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.67 127.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.91 127.10 Td (value ) Tj ET Q q 0 0 0 rg BT 345.93 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.63 127.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.43 127.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 402.45 127.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 420.37 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.41 127.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 471.19 127.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.34 127.10 Td (its ) Tj ET Q q 0 0 0 rg BT 493.15 127.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 528.83 127.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 555.35 127.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 115.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 101.01 115.10 Td (value ) Tj ET Q q 0 0 0 rg BT 125.40 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.47 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.65 115.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 183.04 115.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 201.34 115.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 235.72 115.10 Td (its ) Tj ET Q q 0 0 0 rg BT 247.91 115.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 264.52 115.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 291.42 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.37 115.10 Td (second ) Tj ET Q q 0 0 0 rg BT 336.88 115.10 Td (step ) Tj ET Q q 0 0 0 rg BT 355.72 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.79 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.75 115.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 430.58 115.10 Td (test ) Tj ET Q q 0 0 0 rg BT 447.21 115.10 Td (is ) Tj ET Q q 0 0 0 rg BT 456.62 115.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 501.00 115.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.40 115.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 553.69 115.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 94.16 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.89 103.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 160.00 103.10 Td (In ) Tj ET Q q 0 0 0 rg BT 170.84 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.56 103.10 Td (second ) Tj ET Q q 0 0 0 rg BT 215.84 103.10 Td (step, ) Tj ET Q q 0 0 0 rg BT 236.96 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.68 103.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 268.07 103.10 Td (value ) Tj ET Q q 0 0 0 rg BT 292.23 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.07 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.80 103.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.96 103.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 375.03 103.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.20 103.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 422.80 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.09 103.10 Td (all ) Tj ET Q q 0 0 0 rg BT 445.59 103.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.43 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.16 103.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 497.00 103.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.94 103.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 553.67 103.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.33 91.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 105.09 91.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 123.76 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.64 91.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 177.73 91.10 Td (an ) Tj ET Q q 0 0 0 rg BT 190.28 91.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 223.94 91.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 262.61 91.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 289.87 91.10 Td (If ) Tj ET Q q 0 0 0 rg BT 299.64 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.97 91.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 351.39 91.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 384.50 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.94 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.26 91.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 451.03 91.10 Td (unit) Tj ET Q q 0 0 0 rg BT 469.36 91.10 Td (s ) Tj ET Q q 0 0 0 rg BT 476.37 91.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 515.03 91.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 549.79 91.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 83.05 79.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 99.43 79.10 Td (value ) Tj ET Q q 0 0 0 rg BT 123.58 79.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.41 79.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 174.97 79.10 Td (an ) Tj ET Q q 0 0 0 rg BT 186.91 79.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 235.51 79.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 253.57 79.10 Td (will ) Tj ET Q q 0 0 0 rg BT 271.63 79.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.56 79.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 329.93 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.21 79.10 Td (an ) Tj ET Q q 0 0 0 rg BT 352.14 79.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 384.64 79.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 408.79 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.07 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 436.57 79.10 Td (excess. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.65 57.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.65 57.50 Td (estimates ) Tj ET Q q 0 0 0 rg BT 150.97 57.50 Td (the ) Tj ET Q q 0 0 0 rg BT 166.29 57.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 183.28 57.50 Td (value ) Tj ET Q q 0 0 0 rg BT 208.04 57.50 Td (of ) Tj ET Q q 0 0 0 rg BT 219.48 57.50 Td (its ) Tj ET Q q 0 0 0 rg BT 232.04 57.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 271.80 57.50 Td (units ) Tj ET Q q 0 0 0 rg BT 294.36 57.50 Td (using ) Tj ET Q q 0 0 0 rg BT 319.13 57.50 Td (an ) Tj ET Q q 0 0 0 rg BT 331.68 57.50 Td (income ) Tj ET Q q 0 0 0 rg BT 364.22 57.50 Td (approach ) Tj ET Q q 0 0 0 rg BT 403.97 57.50 Td (based ) Tj ET Q q 0 0 0 rg BT 429.85 57.50 Td (on ) Tj ET Q q 0 0 0 rg BT 442.96 57.50 Td (the ) Tj ET Q q 0 0 0 rg BT 458.28 57.50 Td (present ) Tj ET Q q 0 0 0 rg BT 490.27 57.50 Td (value ) Tj ET Q q 0 0 0 rg BT 515.03 57.50 Td (of ) Tj ET Q q 0 0 0 rg BT 526.47 57.50 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.50 Td (future ) Tj ET Q q 0 0 0 rg BT 77.25 45.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 98.38 45.50 Td (flows, ) Tj ET Q q 0 0 0 rg BT 126.47 45.50 Td (including ) Tj ET Q q 0 0 0 rg BT 167.61 45.50 Td (terminal ) Tj ET Q q 0 0 0 rg BT 204.30 45.50 Td (value, ) Tj ET Q q 0 0 0 rg BT 231.83 45.50 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 268.52 45.50 Td (a ) Tj ET Q q 0 0 0 rg BT 276.33 45.50 Td (market-based ) Tj ET Q q 0 0 0 rg BT 333.56 45.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 373.58 45.50 Td (average ) Tj ET Q q 0 0 0 rg BT 408.04 45.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 427.51 45.50 Td (of ) Tj ET Q q 0 0 0 rg BT 439.21 45.50 Td (capital ) Tj ET Q q 0 0 0 rg BT 469.23 45.50 Td (\(W) Tj ET Q q 0 0 0 rg BT 485.33 45.50 Td (ACC\) ) Tj ET Q q 0 0 0 rg BT 517.03 45.50 Td (determined ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (57) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 93.97 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.08 731.10 Td (each ) Tj ET Q q 0 0 0 rg BT 130.83 731.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 170.93 731.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 192.18 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 211.17 731.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 270.15 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.92 731.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 299.24 731.10 Td (value ) Tj ET Q q 0 0 0 rg BT 324.34 731.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 361.67 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.33 731.10 Td (use ) Tj ET Q q 0 0 0 rg BT 394.10 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.87 731.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.53 731.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 492.18 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.06 731.10 Td (assumptions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (including ) Tj ET Q q 0 0 0 rg BT 92.82 719.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 129.51 719.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 162.89 719.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 186.81 719.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 217.41 719.10 Td (by ) Tj ET Q q 0 0 0 rg BT 232.45 719.10 Td (future ) Tj ET Q q 0 0 0 rg BT 261.38 719.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 311.98 719.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 340.90 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.39 719.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 395.43 719.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 452.96 719.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 495.77 719.10 Td (mar) Tj ET Q q 0 0 0 rg BT 511.13 719.10 Td (gins, ) Tj ET Q q 0 0 0 rg BT 535.35 719.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 106.79 707.10 Td (working ) Tj ET Q q 0 0 0 rg BT 143.33 707.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 173.18 707.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 231.08 707.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 246.50 707.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 271.07 707.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 307.60 707.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 339.13 707.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 363.70 707.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 400.79 707.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 425.37 707.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 460.22 707.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 504.52 707.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.50 707.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.14 707.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.24 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.04 695.10 Td (syner) Tj ET Q q 0 0 0 rg BT 134.52 695.10 Td (gistic ) Tj ET Q q 0 0 0 rg BT 158.54 695.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 192.56 695.10 Td (available ) Tj ET Q q 0 0 0 rg BT 231.02 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.16 695.10 Td (market ) Tj ET Q q 0 0 0 rg BT 271.28 695.10 Td (participants. ) Tj ET Q q 0 0 0 rg BT 322.80 695.10 Td (In ) Tj ET Q q 0 0 0 rg BT 333.49 695.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 371.13 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.27 695.10 Td (corroborate ) Tj ET Q q 0 0 0 rg BT 429.72 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.30 695.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.32 695.10 Td (units) Tj ET Q q 0 0 0 rg BT 505.35 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.71 695.10 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 549.79 695.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.87 683.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 110.08 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.51 683.10 Td (market ) Tj ET Q q 0 0 0 rg BT 146.26 683.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 184.89 683.10 Td (based ) Tj ET Q q 0 0 0 rg BT 209.64 683.10 Td (on ) Tj ET Q q 0 0 0 rg BT 221.63 683.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 257.49 683.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 292.81 683.10 Td (data ) Tj ET Q q 0 0 0 rg BT 311.45 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.88 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.30 683.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 391.26 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.58 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 683.10 Td (Company) Tj ET Q q 0 0 0 rg BT 457.45 683.10 Td (s ) Tj ET Q q 0 0 0 rg BT 463.32 683.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 498.63 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.95 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.15 683.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 671.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.53 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.36 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.08 671.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 155.23 671.10 Td (units ) Tj ET Q q 0 0 0 rg BT 177.18 671.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.46 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.18 671.10 Td (Company) Tj ET Q q 0 0 0 rg BT 243.84 671.10 Td (s ) Tj ET Q q 0 0 0 rg BT 250.23 671.10 Td (market ) Tj ET Q q 0 0 0 rg BT 280.50 671.10 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 339.36 671.10 Td (including ) Tj ET Q q 0 0 0 rg BT 379.63 671.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 436.01 671.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.84 671.10 Td (a ) Tj ET Q q 0 0 0 rg BT 453.77 671.10 Td (control ) Tj ET Q q 0 0 0 rg BT 484.60 671.10 Td (premium.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.05 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.42 650.10 Td (years ) Tj ET Q q 0 0 0 rg BT 106.67 650.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 133.01 650.10 Td (August ) Tj ET Q q 0 0 0 rg BT 165.06 650.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 180.71 650.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 203.87 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.46 650.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 247.12 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.05 650.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 306.17 650.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.10 650.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.70 650.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 386.73 650.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 423.76 650.10 Td (update ) Tj ET Q q 0 0 0 rg BT 453.57 650.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 488.38 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.31 650.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 524.13 650.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 549.78 650.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.66 638.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 117.76 638.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 182.17 638.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 224.94 638.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.04 638.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.81 638.10 Td (first ) Tj ET Q q 0 0 0 rg BT 282.69 638.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 322.69 638.10 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 367.67 638.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 397.65 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.20 638.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 450.95 638.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 485.93 638.10 Td (it ) Tj ET Q q 0 0 0 rg BT 494.26 638.10 Td (was ) Tj ET Q q 0 0 0 rg BT 512.58 638.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 554.22 638.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 85.83 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.67 626.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 152.50 626.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 202.22 626.10 Td (test. ) Tj ET Q q 0 0 0 rg BT 222.23 626.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 250.84 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.68 626.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 301.96 626.10 Td (standard, ) Tj ET Q q 0 0 0 rg BT 341.95 626.10 Td (if ) Tj ET Q q 0 0 0 rg BT 351.68 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.52 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 410.03 626.10 Td (believes, ) Tj ET Q q 0 0 0 rg BT 448.92 626.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.87 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.93 626.10 Td (result ) Tj ET Q q 0 0 0 rg BT 494.77 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.72 626.10 Td (its ) Tj ET Q q 0 0 0 rg BT 519.79 626.10 Td (qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 98.83 614.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.73 614.10 Td (it ) Tj ET Q q 0 0 0 rg BT 123.18 614.10 Td (is ) Tj ET Q q 0 0 0 rg BT 131.74 614.10 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 216.95 614.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.84 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.95 614.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 263.72 614.10 Td (value ) Tj ET Q q 0 0 0 rg BT 287.27 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.50 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.61 614.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 375.15 614.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 417.04 614.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 438.38 614.10 Td (is ) Tj ET Q q 0 0 0 rg BT 446.94 614.10 Td (less ) Tj ET Q q 0 0 0 rg BT 463.84 614.10 Td (than ) Tj ET Q q 0 0 0 rg BT 482.95 614.10 Td (its ) Tj ET Q q 0 0 0 rg BT 494.29 614.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 529.51 614.10 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.74 602.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 114.47 602.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 163.10 602.10 Td (test ) Tj ET Q q 0 0 0 rg BT 179.51 602.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.70 602.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 227.04 602.10 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 273.16 602.10 Td (no ) Tj ET Q q 0 0 0 rg BT 285.69 602.10 Td (further ) Tj ET Q q 0 0 0 rg BT 315.42 602.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 344.61 602.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.80 602.10 Td (required. ) Tj ET Q q 0 0 0 rg BT 392.14 602.10 Td (For ) Tj ET Q q 0 0 0 rg BT 408.56 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.30 602.10 Td (year ) Tj ET Q q 0 0 0 rg BT 443.03 602.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 468.88 602.10 Td (August ) Tj ET Q q 0 0 0 rg BT 500.29 602.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 515.32 602.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 540.34 602.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.05 590.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 99.76 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.37 590.10 Td (place ) Tj ET Q q 0 0 0 rg BT 132.30 590.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 153.57 590.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.18 590.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 186.67 590.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 211.00 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.05 590.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.77 590.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 290.92 590.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 354.40 590.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 396.23 590.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 421.39 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.88 590.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 482.81 590.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.64 590.10 Td (either ) Tj ET Q q 0 0 0 rg BT 519.24 590.10 Td (comparing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 578.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 101.03 578.10 Td (value ) Tj ET Q q 0 0 0 rg BT 125.43 578.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.50 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.47 578.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 194.20 578.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.73 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.69 578.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 259.64 578.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 305.71 578.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.23 578.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 351.20 578.10 Td (from ) Tj ET Q q 0 0 0 rg BT 373.38 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.34 578.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 431.08 578.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.16 578.10 Td (using ) Tj ET Q q 0 0 0 rg BT 466.57 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.54 578.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 505.38 578.10 Td (from ) Tj ET Q q 0 0 0 rg BT 527.56 578.10 Td (royalties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 84.94 566.10 Td (If ) Tj ET Q q 0 0 0 rg BT 94.05 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.72 566.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 144.48 566.10 Td (value ) Tj ET Q q 0 0 0 rg BT 168.59 566.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 208.23 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.89 566.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 262.54 566.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 308.32 566.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.54 566.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 353.21 566.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 393.97 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.20 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.87 566.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 482.96 566.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 525.40 566.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 549.79 566.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.41 554.10 Td (value ) Tj ET Q q 0 0 0 rg BT 109.15 554.10 Td (was ) Tj ET Q q 0 0 0 rg BT 126.79 554.10 Td (no ) Tj ET Q q 0 0 0 rg BT 138.88 554.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 166.52 554.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 211.92 554.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 260.64 554.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.17 554.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.48 554.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 332.46 554.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 369.52 554.10 Td (an ) Tj ET Q q 0 0 0 rg BT 381.05 554.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 431.59 554.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.22 554.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 490.20 554.10 Td (did ) Tj ET Q q 0 0 0 rg BT 505.07 554.10 Td (not ) Tj ET Q q 0 0 0 rg BT 519.94 554.10 Td (record ) Tj ET Q q 0 0 0 rg BT 547.56 554.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (material ) Tj ET Q q 0 0 0 rg BT 85.26 542.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 133.86 542.10 Td (char) Tj ET Q q 0 0 0 rg BT 150.88 542.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 166.71 542.10 Td (on ) Tj ET Q q 0 0 0 rg BT 179.21 542.10 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 243.36 542.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 285.85 542.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.68 542.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.96 542.10 Td (any ) Tj ET Q q 0 0 0 rg BT 338.90 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.73 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.44 542.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 396.38 542.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.10 521.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.54 521.10 Td (tests ) Tj ET Q q 0 0 0 rg BT 132.87 521.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 176.41 521.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 203.29 521.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 235.17 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.49 521.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 300.58 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.79 521.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 365.44 521.10 Td (when ) Tj ET Q q 0 0 0 rg BT 390.66 521.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 421.41 521.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 464.39 521.10 Td (events ) Tj ET Q q 0 0 0 rg BT 493.49 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.37 521.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 84.16 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 101.67 509.10 Td (their ) Tj ET Q q 0 0 0 rg BT 122.51 509.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 158.34 509.10 Td (value ) Tj ET Q q 0 0 0 rg BT 182.51 509.10 Td (may ) Tj ET Q q 0 0 0 rg BT 202.24 509.10 Td (be ) Tj ET Q q 0 0 0 rg BT 214.19 509.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 254.75 509.10 Td (If ) Tj ET Q q 0 0 0 rg BT 263.92 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.65 509.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 314.48 509.10 Td (value ) Tj ET Q q 0 0 0 rg BT 338.65 509.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 372.81 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.54 509.10 Td (Company) Tj ET Q q 0 0 0 rg BT 429.21 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 435.61 509.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 471.44 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.29 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 508.68 509.10 Td (undiscounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.06 497.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.58 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.21 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.72 497.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.67 497.10 Td (related ) Tj ET Q q 0 0 0 rg BT 193.17 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.25 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.76 497.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 245.89 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 257.62 497.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 306.02 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 314.98 497.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 352.26 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.21 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.73 497.10 Td (dif) Tj ET Q q 0 0 0 rg BT 391.65 497.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 423.36 497.10 Td (between ) Tj ET Q q 0 0 0 rg BT 458.98 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.49 497.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 509.10 497.10 Td (value ) Tj ET Q q 0 0 0 rg BT 533.05 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 497.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.13 485.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.03 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.61 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 485.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 139.10 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 156.89 485.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.03 485.10 Td (did ) Tj ET Q q 0 0 0 rg BT 213.06 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 228.08 485.10 Td (record ) Tj ET Q q 0 0 0 rg BT 255.87 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 272.55 485.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 320.90 485.10 Td (char) Tj ET Q q 0 0 0 rg BT 337.93 485.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 353.51 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.76 485.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 407.99 485.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.57 485.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 464.15 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.17 485.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 526.96 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.99 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 553.67 485.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 473.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 96.66 473.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 452.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.88 452.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.88 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.38 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.88 452.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 144.16 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.09 452.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 186.36 452.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 228.85 452.10 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 259.97 452.10 Td (net ) Tj ET Q q 0 0 0 rg BT 274.68 452.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.84 452.10 Td (further ) Tj ET Q q 0 0 0 rg BT 318.55 452.10 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (Acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.40 413.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 112.14 413.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 158.74 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.81 413.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 201.99 413.10 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 242.77 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.84 413.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 299.91 413.10 Td (assumed, ) Tj ET Q q 0 0 0 rg BT 340.70 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.99 413.10 Td (any ) Tj ET Q q 0 0 0 rg BT 377.28 413.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 440.01 413.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 473.30 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.93 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.00 413.10 Td (acquiree ) Tj ET Q q 0 0 0 rg BT 538.71 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.78 413.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.74 401.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 118.76 401.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 159.93 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 170.01 401.10 Td (their ) Tj ET Q q 0 0 0 rg BT 191.20 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 207.93 401.10 Td (values ) Tj ET Q q 0 0 0 rg BT 236.34 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.53 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.72 401.10 Td (that ) Tj ET Q q 0 0 0 rg BT 276.58 401.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 298.59 401.10 Td (Contingent ) Tj ET Q q 0 0 0 rg BT 345.90 401.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 384.29 401.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 441.03 401.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.56 401.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 488.39 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 498.47 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 515.21 401.10 Td (value ) Tj ET Q q 0 0 0 rg BT 539.72 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.80 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.10 Td (date ) Tj ET Q q 0 0 0 rg BT 69.36 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.39 389.10 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 128.87 389.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 148.79 389.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 177.59 389.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 215.83 389.10 Td (price ) Tj ET Q q 0 0 0 rg BT 238.52 389.10 Td (over ) Tj ET Q q 0 0 0 rg BT 258.98 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.90 389.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.48 389.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.83 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.86 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.78 389.10 Td (net ) Tj ET Q q 0 0 0 rg BT 355.70 389.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 381.73 389.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 418.85 389.10 Td (is ) Tj ET Q q 0 0 0 rg BT 428.22 389.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 465.90 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 476.93 389.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 517.49 389.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.53 389.10 Td (ithin ) Tj ET Q q 0 0 0 rg BT 547.56 389.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.64 377.10 Td (from ) Tj ET Q q 0 0 0 rg BT 91.50 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.15 377.10 Td (date ) Tj ET Q q 0 0 0 rg BT 125.23 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.99 377.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 184.80 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.44 377.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.76 377.10 Td (may ) Tj ET Q q 0 0 0 rg BT 260.40 377.10 Td (update ) Tj ET Q q 0 0 0 rg BT 289.49 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.13 377.10 Td (value ) Tj ET Q q 0 0 0 rg BT 328.22 377.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 366.73 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.94 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.58 377.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.34 377.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 454.19 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.06 377.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 510.71 377.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 547.57 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 365.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 102.53 365.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 140.74 365.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 177.82 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.81 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.91 365.10 Td (result ) Tj ET Q q 0 0 0 rg BT 220.78 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.77 365.10 Td (information ) Tj ET Q q 0 0 0 rg BT 281.64 365.10 Td (received ) Tj ET Q q 0 0 0 rg BT 318.16 365.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 359.13 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.01 365.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 413.88 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.86 365.10 Td (such ) Tj ET Q q 0 0 0 rg BT 445.85 365.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 471.84 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.94 365.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 528.81 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 546.46 365.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.57 353.10 Td (available ) Tj ET Q q 0 0 0 rg BT 104.45 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 114.45 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.46 353.10 Td (time ) Tj ET Q q 0 0 0 rg BT 150.02 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.14 353.10 Td (purchase. ) Tj ET Q q 0 0 0 rg BT 201.97 353.10 Td (Measuring ) Tj ET Q q 0 0 0 rg BT 247.53 353.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 273.65 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.87 353.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.88 353.10 Td (at ) Tj ET Q q 0 0 0 rg BT 340.89 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 357.55 353.10 Td (value ) Tj ET Q q 0 0 0 rg BT 382.00 353.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 416.99 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.00 353.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.68 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 484.25 353.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 527.02 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.02 353.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.49 341.10 Td (would ) Tj ET Q q 0 0 0 rg BT 92.99 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 103.92 341.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 122.64 341.10 Td (by ) Tj ET Q q 0 0 0 rg BT 134.13 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.07 341.10 Td (third ) Tj ET Q q 0 0 0 rg BT 160.45 341.10 Td (party ) Tj ET Q q 0 0 0 rg BT 182.50 341.10 Td (market ) Tj ET Q q 0 0 0 rg BT 211.76 341.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 256.01 341.10 Td (based ) Tj ET Q q 0 0 0 rg BT 280.28 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.77 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.49 341.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 335.87 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.80 341.10 Td (best ) Tj ET Q q 0 0 0 rg BT 369.41 341.10 Td (use ) Tj ET Q q 0 0 0 rg BT 384.24 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.06 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.78 341.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 432.60 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.43 341.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 477.25 341.10 Td (acquired. ) Tj ET Q q 0 0 0 rg BT 515.34 341.10 Td (Acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.50 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.21 329.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 126.91 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.74 329.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 176.06 329.10 Td (See ) Tj ET Q q 0 0 0 rg BT 193.00 329.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 214.94 329.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 222.44 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.94 329.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 268.00 329.10 Td (Combinations ) Tj ET Q q 0 0 0 rg BT 326.61 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 340.77 329.10 Td (further ) Tj ET Q q 0 0 0 rg BT 370.48 329.10 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.02 308.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.41 290.10 Td (Company) Tj ET Q q 0 0 0 rg BT 111.08 290.10 Td (s ) Tj ET Q q 0 0 0 rg BT 118.84 290.10 Td (other ) Tj ET Q q 0 0 0 rg BT 143.25 290.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 172.95 290.10 Td (exclusive ) Tj ET Q q 0 0 0 rg BT 214.58 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.77 290.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 260.62 290.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 303.09 290.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 334.73 290.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 375.81 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.01 290.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 436.84 290.10 Td (from ) Tj ET Q q 0 0 0 rg BT 460.15 290.10 Td (insurers, ) Tj ET Q q 0 0 0 rg BT 498.17 290.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 523.15 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 290.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 96.79 278.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 146.64 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.45 278.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 189.16 278.10 Td (held ) Tj ET Q q 0 0 0 rg BT 208.75 278.10 Td (for ) Tj ET Q q 0 0 0 rg BT 222.79 278.10 Td (sale. ) Tj ET Q q 0 0 0 rg BT 243.21 278.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 268.35 278.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.06 278.10 Td (are ) Tj ET Q q 0 0 0 rg BT 308.64 278.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 344.33 278.10 Td (within ) Tj ET Q q 0 0 0 rg BT 372.27 278.10 Td (either ) Tj ET Q q 0 0 0 rg BT 397.40 278.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 429.77 278.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 468.24 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.05 278.10 Td (other ) Tj ET Q q 0 0 0 rg BT 507.98 278.10 Td (current ) Tj ET Q q 0 0 0 rg BT 538.67 278.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.47 266.10 Td (other ) Tj ET Q q 0 0 0 rg BT 83.15 266.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 108.62 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.53 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.88 266.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 187.79 266.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 222.13 266.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 250.38 266.10 Td (based ) Tj ET Q q 0 0 0 rg BT 275.28 266.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.42 266.10 Td (their ) Tj ET Q q 0 0 0 rg BT 307.88 266.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 345.55 266.10 Td (use ) Tj ET Q q 0 0 0 rg BT 361.01 266.10 Td (either ) Tj ET Q q 0 0 0 rg BT 385.91 266.10 Td (during ) Tj ET Q q 0 0 0 rg BT 414.16 266.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.62 266.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 456.20 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.55 266.10 Td (current ) Tj ET Q q 0 0 0 rg BT 501.00 266.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 540.90 266.10 Td (cycle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 254.10 Td (one ) Tj ET Q q 0 0 0 rg BT 77.77 254.10 Td (year ) Tj ET Q q 0 0 0 rg BT 97.48 254.10 Td (from ) Tj ET Q q 0 0 0 rg BT 119.41 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.13 254.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 173.29 254.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 100.40 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 121.93 233.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 155.68 233.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 194.41 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.72 233.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 239.70 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.12 233.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 281.65 233.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 307.63 233.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 345.25 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.12 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.65 233.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 408.15 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.68 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.98 233.10 Td (Company) Tj ET Q q 0 0 0 rg BT 485.65 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 491.63 233.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 532.04 233.10 Td (carriers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.19 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 82.14 221.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 119.87 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.83 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.80 221.10 Td (time ) Tj ET Q q 0 0 0 rg BT 165.32 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.29 221.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.92 221.10 Td (records ) Tj ET Q q 0 0 0 rg BT 254.10 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.29 221.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 295.15 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 309.56 221.10 Td (an ) Tj ET Q q 0 0 0 rg BT 321.74 221.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 353.93 221.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 374.54 221.10 Td (The ) Tj ET Q q 0 0 0 rg BT 392.84 221.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 436.67 221.10 Td (is ) Tj ET Q q 0 0 0 rg BT 446.09 221.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 483.81 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 493.78 221.10 Td (an ) Tj ET Q q 0 0 0 rg BT 505.96 221.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 538.71 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 554.23 221.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 80.18 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.82 209.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 132.23 209.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.21 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.08 209.10 Td (only ) Tj ET Q q 0 0 0 rg BT 187.29 209.10 Td (if ) Tj ET Q q 0 0 0 rg BT 195.82 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.46 209.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 235.11 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.86 209.10 Td (legally ) Tj ET Q q 0 0 0 rg BT 275.50 209.10 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 324.56 209.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 365.30 209.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 403.82 209.10 Td (support ) Tj ET Q q 0 0 0 rg BT 436.25 209.10 Td (that ) Tj ET Q q 0 0 0 rg BT 453.67 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.32 209.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 509.06 209.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 546.46 209.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 197.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.22 197.10 Td (disputed ) Tj ET Q q 0 0 0 rg BT 113.60 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.54 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 139.71 197.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 173.31 197.10 Td (collectible.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 76.75 176.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 121.25 176.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 152.45 176.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 193.08 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.83 176.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 229.36 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.56 176.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 272.86 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.06 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.70 176.10 Td (business ) Tj ET Q q 0 0 0 rg BT 337.01 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.76 176.10 Td (extracting ) Tj ET Q q 0 0 0 rg BT 392.16 176.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 416.68 176.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 442.31 176.10 Td (through ) Tj ET Q q 0 0 0 rg BT 476.84 176.10 Td (demolition ) Tj ET Q q 0 0 0 rg BT 523.59 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 176.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 91.34 164.10 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 139.63 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.70 164.10 Td (these ) Tj ET Q q 0 0 0 rg BT 173.99 164.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 197.85 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 207.26 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.78 164.10 Td (either ) Tj ET Q q 0 0 0 rg BT 243.29 164.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 263.80 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.88 164.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 298.72 164.10 Td (metal. ) Tj ET Q q 0 0 0 rg BT 326.18 164.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 351.69 164.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 398.85 164.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 446.57 164.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 477.09 164.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.05 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.12 164.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (due ) Tj ET Q q 0 0 0 rg BT 67.28 152.10 Td (from ) Tj ET Q q 0 0 0 rg BT 89.56 152.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 113.49 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.77 152.10 Td (demolition ) Tj ET Q q 0 0 0 rg BT 176.94 152.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 208.66 152.10 Td (under ) Tj ET Q q 0 0 0 rg BT 234.27 152.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.09 152.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 313.79 152.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 372.79 152.10 Td (The ) Tj ET Q q 0 0 0 rg BT 391.17 152.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 432.90 152.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 471.84 152.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 507.44 152.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 541.38 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 152.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 74.15 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.62 140.10 Td (other ) Tj ET Q q 0 0 0 rg BT 115.21 140.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 162.67 140.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 210.68 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.49 140.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 255.64 140.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.44 140.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 303.37 140.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.84 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.66 140.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 359.14 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.40 140.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 405.20 140.10 Td (collectability ) Tj ET Q q 0 0 0 rg BT 460.44 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.81 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.07 140.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 537.58 140.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 87.61 128.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 124.12 128.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 180.61 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.56 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.40 128.10 Td (value ) Tj ET Q q 0 0 0 rg BT 230.68 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.63 128.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 281.45 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.85 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.68 128.10 Td (form ) Tj ET Q q 0 0 0 rg BT 328.74 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.70 128.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 363.42 128.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 388.25 128.10 Td (extracted ) Tj ET Q q 0 0 0 rg BT 427.51 128.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.57 128.10 Td (demolition ) Tj ET Q q 0 0 0 rg BT 495.52 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.58 128.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 85.48 116.10 Td (A) Tj ET Q q 0 0 0 rg BT 92.15 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.85 116.10 Td (note ) Tj ET Q q 0 0 0 rg BT 112.76 116.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.79 116.10 Td (other ) Tj ET Q q 0 0 0 rg BT 145.04 116.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 191.16 116.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 233.94 116.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.31 116.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 287.32 116.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 324.56 116.10 Td (when, ) Tj ET Q q 0 0 0 rg BT 350.42 116.10 Td (based ) Tj ET Q q 0 0 0 rg BT 374.89 116.10 Td (on ) Tj ET Q q 0 0 0 rg BT 386.59 116.10 Td (current ) Tj ET Q q 0 0 0 rg BT 416.60 116.10 Td (information ) Tj ET Q q 0 0 0 rg BT 465.51 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.65 116.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 511.40 116.10 Td (it ) Tj ET Q q 0 0 0 rg BT 518.65 116.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.02 116.10 Td (probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.94 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.11 104.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 124.94 104.10 Td (will ) Tj ET Q q 0 0 0 rg BT 143.45 104.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.83 104.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 185.44 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.17 104.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 225.76 104.10 Td (all ) Tj ET Q q 0 0 0 rg BT 238.71 104.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 275.54 104.10 Td (due ) Tj ET Q q 0 0 0 rg BT 292.93 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.66 104.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 351.56 104.10 Td (with ) Tj ET Q q 0 0 0 rg BT 372.29 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.46 104.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 434.82 104.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 459.99 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.27 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.43 104.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 533.52 104.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 557.57 104.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (note ) Tj ET Q q 0 0 0 rg BT 68.98 92.10 Td (or ) Tj ET Q q 0 0 0 rg BT 79.08 92.10 Td (other ) Tj ET Q q 0 0 0 rg BT 101.39 92.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 147.57 92.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 190.41 92.10 Td (has ) Tj ET Q q 0 0 0 rg BT 205.51 92.10 Td (been ) Tj ET Q q 0 0 0 rg BT 226.15 92.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 266.23 92.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.33 92.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 316.13 92.10 Td (it ) Tj ET Q q 0 0 0 rg BT 323.45 92.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.89 92.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 371.97 92.10 Td (based ) Tj ET Q q 0 0 0 rg BT 396.50 92.10 Td (on ) Tj ET Q q 0 0 0 rg BT 408.26 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.25 92.10 Td (present ) Tj ET Q q 0 0 0 rg BT 452.89 92.10 Td (value ) Tj ET Q q 0 0 0 rg BT 476.31 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.40 92.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 526.49 92.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.19 80.10 Td (be ) Tj ET Q q 0 0 0 rg BT 72.03 80.10 Td (received, ) Tj ET Q q 0 0 0 rg BT 110.81 80.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 156.54 80.10 Td (at ) Tj ET Q q 0 0 0 rg BT 166.16 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.79 80.10 Td (receivable) Tj ET Q q 0 0 0 rg BT 224.65 80.10 Td (s ) Tj ET Q q 0 0 0 rg BT 230.95 80.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 277.78 80.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 309.62 80.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 329.51 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.25 80.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.32 80.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 410.59 80.10 Td (that ) Tj ET Q q 0 0 0 rg BT 427.99 80.10 Td (are ) Tj ET Q q 0 0 0 rg BT 442.61 80.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 468.91 80.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 512.41 80.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.82 80.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.91 68.10 Td (repayment, ) Tj ET Q q 0 0 0 rg BT 110.86 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.32 68.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 165.89 68.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 182.02 68.10 Td (value ) Tj ET Q q 0 0 0 rg BT 205.92 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.50 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.97 68.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 270.41 68.10 Td (less ) Tj ET Q q 0 0 0 rg BT 287.66 68.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 328.23 68.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.48 68.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.51 68.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 379.14 68.10 Td (If ) Tj ET Q q 0 0 0 rg BT 388.05 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.51 68.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 438.08 68.10 Td (value ) Tj ET Q q 0 0 0 rg BT 461.98 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.56 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.03 68.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 530.35 68.10 Td (exceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.63 56.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 110.44 56.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 145.11 56.10 Td (an ) Tj ET Q q 0 0 0 rg BT 156.73 56.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 205.01 56.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.86 56.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 251.01 56.10 Td (for ) Tj ET Q q 0 0 0 rg BT 264.85 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.25 56.10 Td (dif) Tj ET Q q 0 0 0 rg BT 290.17 56.10 Td (ference. ) Tj ET Q q 0 0 0 rg BT 324.27 56.10 Td (During ) Tj ET Q q 0 0 0 rg BT 354.78 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.17 56.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 393.01 56.10 Td (year ) Tj ET Q q 0 0 0 rg BT 412.39 56.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.97 56.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 484.04 56.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.04 56.10 Td (, ) Tj ET Q q 0 0 0 rg BT 508.72 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 56.10 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (58) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 88.24 731.10 Td (an ) Tj ET Q q 0 0 0 rg BT 100.95 731.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 150.31 731.10 Td (char) Tj ET Q q 0 0 0 rg BT 167.34 731.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 180.04 731.10 Td (related ) Tj ET Q q 0 0 0 rg BT 210.51 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.55 731.10 Td (other ) Tj ET Q q 0 0 0 rg BT 245.36 731.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 293.05 731.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 341.29 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.88 731.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 366.15 731.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.04 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 400.80 731.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.51 731.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 472.31 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.79 731.10 Td (full ) Tj ET Q q 0 0 0 rg BT 504.95 731.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 538.21 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 731.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.37 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.88 719.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 130.48 719.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 156.22 719.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.06 719.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 191.01 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.29 719.10 Td (other ) Tj ET Q q 0 0 0 rg BT 229.68 719.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 275.94 719.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 322.75 719.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.93 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.69 719.10 Td (August ) Tj ET Q q 0 0 0 rg BT 373.43 719.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 387.77 719.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 409.61 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.89 719.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.89 719.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.23 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.51 719.10 Td (which ) Tj ET Q q 0 0 0 rg BT 492.79 719.10 Td (is ) Tj ET Q q 0 0 0 rg BT 501.31 719.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 536.46 719.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 707.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 94.99 707.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 143.58 707.10 Td (char) Tj ET Q q 0 0 0 rg BT 160.61 707.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 176.44 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.72 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.44 707.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 225.59 707.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 248.09 707.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 303.36 707.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 345.85 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.68 707.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.15 686.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 102.74 686.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 124.66 686.10 Td (is ) Tj ET Q q 0 0 0 rg BT 133.81 686.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 174.06 686.10 Td (as ) Tj ET Q q 0 0 0 rg BT 184.87 686.10 Td (held ) Tj ET Q q 0 0 0 rg BT 204.57 686.10 Td (for ) Tj ET Q q 0 0 0 rg BT 218.72 686.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 236.75 686.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 259.23 686.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 293.92 686.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 324.72 686.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 363.29 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.55 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.25 686.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 434.61 686.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 476.81 686.10 Td (An ) Tj ET Q q 0 0 0 rg BT 491.52 686.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 513.44 686.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 553.69 686.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (held ) Tj ET Q q 0 0 0 rg BT 69.91 674.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.27 674.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 102.51 674.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.88 674.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 152.89 674.10 Td (at ) Tj ET Q q 0 0 0 rg BT 162.80 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.71 674.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 203.17 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.20 674.10 Td (its ) Tj ET Q q 0 0 0 rg BT 226.34 674.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 262.35 674.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.04 674.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.07 674.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 322.64 674.10 Td (value ) Tj ET Q q 0 0 0 rg BT 346.99 674.10 Td (less ) Tj ET Q q 0 0 0 rg BT 364.69 674.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 383.49 674.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.96 674.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 412.45 674.10 Td (An ) Tj ET Q q 0 0 0 rg BT 427.37 674.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 476.16 674.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 494.42 674.10 Td (is ) Tj ET Q q 0 0 0 rg BT 503.79 674.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.34 674.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.68 662.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 92.25 662.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.81 662.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 149.49 662.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 197.83 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.40 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.85 662.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 244.53 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.55 662.10 Td (its ) Tj ET Q q 0 0 0 rg BT 266.24 662.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 282.35 662.10 Td (value ) Tj ET Q q 0 0 0 rg BT 306.25 662.10 Td (less ) Tj ET Q q 0 0 0 rg BT 323.48 662.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 341.83 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.85 662.10 Td (sell. ) Tj ET Q q 0 0 0 rg BT 370.31 662.10 Td (The ) Tj ET Q q 0 0 0 rg BT 388.10 662.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 429.22 662.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 475.33 662.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 491.45 662.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.34 662.10 Td (using ) Tj ET Q q 0 0 0 rg BT 539.25 662.10 Td (Level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 58.64 650.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 86.72 650.10 Td (under ) Tj ET Q q 0 0 0 rg BT 113.13 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.98 650.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 146.50 650.10 Td (value ) Tj ET Q q 0 0 0 rg BT 171.79 650.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 213.18 650.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 257.38 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.35 650.10 Td (information ) Tj ET Q q 0 0 0 rg BT 320.20 650.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 359.38 650.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.02 650.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 406.65 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.72 650.10 Td (other ) Tj ET Q q 0 0 0 rg BT 448.91 650.10 Td (external ) Tj ET Q q 0 0 0 rg BT 484.75 650.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 518.37 650.10 Td (along ) Tj ET Q q 0 0 0 rg BT 544.23 650.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 638.10 Td (s ) Tj ET Q q 0 0 0 rg BT 110.01 638.10 Td (own ) Tj ET Q q 0 0 0 rg BT 129.48 638.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 183.67 638.10 Td (During ) Tj ET Q q 0 0 0 rg BT 214.25 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.71 638.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 252.62 638.10 Td (years ) Tj ET Q q 0 0 0 rg BT 275.96 638.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.59 638.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 347.73 638.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.73 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.98 638.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.66 638.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.66 638.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.41 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.88 638.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 467.01 638.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 504.23 638.10 Td (an ) Tj ET Q q 0 0 0 rg BT 515.92 638.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 626.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 79.14 626.10 Td (related ) Tj ET Q q 0 0 0 rg BT 109.02 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.48 626.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 145.48 626.10 Td (held ) Tj ET Q q 0 0 0 rg BT 165.38 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.72 626.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 197.94 626.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.95 626.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 221.62 626.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.52 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.19 626.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.31 626.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 282.99 626.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.88 626.10 Td (, ) Tj ET Q q 0 0 0 rg BT 317.06 626.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 364.72 626.10 Td (, ) Tj ET Q q 0 0 0 rg BT 369.89 626.10 Td (which ) Tj ET Q q 0 0 0 rg BT 397.01 626.10 Td (is ) Tj ET Q q 0 0 0 rg BT 406.36 626.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 442.35 626.10 Td (within ) Tj ET Q q 0 0 0 rg BT 470.58 626.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.81 626.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.92 626.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 614.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 82.86 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.13 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.85 614.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 163.13 614.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 209.51 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.34 614.10 Td (Operations. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 593.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 76.02 593.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 100.19 593.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 151.59 593.10 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.53 572.10 Td (following ) Tj ET Q q 0 0 0 rg BT 112.40 572.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 162.48 572.10 Td (char) Tj ET Q q 0 0 0 rg BT 179.50 572.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 196.82 572.10 Td (were ) Tj ET Q q 0 0 0 rg BT 220.23 572.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 259.18 572.10 Td (within ) Tj ET Q q 0 0 0 rg BT 288.72 572.10 Td (other ) Tj ET Q q 0 0 0 rg BT 313.25 572.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 336.67 572.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 386.75 572.10 Td (char) Tj ET Q q 0 0 0 rg BT 403.78 572.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 421.09 572.10 Td (in ) Tj ET Q q 0 0 0 rg BT 432.85 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.05 572.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 505.81 572.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 553.67 572.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 96.38 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.54 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.25 560.10 Td (years ) Tj ET Q q 0 0 0 rg BT 148.85 560.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 174.68 560.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 218.57 560.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 232.18 560.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 534.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 534.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 534.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 534.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 534.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 504.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 504.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 504.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 474.60 379.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 474.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 474.60 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 534.6 m 496.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 534.6 m 561.5 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 474.6 m 496.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 474.6 m 561.5 474.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 459.6 m 496.5 459.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 459.6 m 561.5 459.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.00 539.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.50 539.05 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 524.27 Td (Investment in joint venture partnership) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 524.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 524.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 524.27 Td (2,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 509.27 Td (Contractual receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 509.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 509.27 Td (7,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 494.27 Td (Assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 494.27 Td (928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 494.27 Td (2,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 479.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 479.27 Td (532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 479.27 Td (313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 464.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 464.27 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 464.27 Td (13,053) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Restructuring Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 107.55 421.10 Td (char) Tj ET Q q 0 0 0 rg BT 124.58 421.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 141.02 421.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 171.91 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.36 421.10 Td (severance, ) Tj ET Q q 0 0 0 rg BT 228.39 421.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 263.71 421.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 312.92 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.47 421.10 Td (other ) Tj ET Q q 0 0 0 rg BT 354.14 421.10 Td (restructuring-related ) Tj ET Q q 0 0 0 rg BT 438.88 421.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 463.80 421.10 Td (A) Tj ET Q q 0 0 0 rg BT 470.47 421.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.59 421.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 507.81 421.10 Td (for ) Tj ET Q q 0 0 0 rg BT 522.59 421.10 Td (severance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.55 409.10 Td (is ) Tj ET Q q 0 0 0 rg BT 81.77 409.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 119.31 409.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 165.73 409.10 Td (when ) Tj ET Q q 0 0 0 rg BT 189.94 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.71 409.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 224.48 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.36 409.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 284.01 409.10 Td (has ) Tj ET Q q 0 0 0 rg BT 299.89 409.10 Td (been ) Tj ET Q q 0 0 0 rg BT 321.32 409.10 Td (communicated ) Tj ET Q q 0 0 0 rg BT 382.73 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.06 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.83 409.10 Td (af) Tj ET Q q 0 0 0 rg BT 415.42 409.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 442.40 409.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 487.71 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.70 409.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.92 409.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 554.79 409.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.44 397.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 79.31 397.10 Td (value ) Tj ET Q q 0 0 0 rg BT 103.96 397.10 Td (at ) Tj ET Q q 0 0 0 rg BT 114.17 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.38 397.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 194.58 397.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 216.73 397.10 Td (Contract ) Tj ET Q q 0 0 0 rg BT 254.16 397.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 303.25 397.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 326.24 397.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 357.01 397.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 397.22 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.54 397.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.53 397.10 Td (that ) Tj ET Q q 0 0 0 rg BT 449.52 397.10 Td (will ) Tj ET Q q 0 0 0 rg BT 468.07 397.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 505.50 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.27 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.70 397.10 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.70 385.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 116.39 385.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 143.20 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.79 385.10 Td (their ) Tj ET Q q 0 0 0 rg BT 179.05 385.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 222.52 385.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 247.67 385.10 Td (without ) Tj ET Q q 0 0 0 rg BT 281.16 385.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 322.96 385.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 353.66 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.37 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.51 385.10 Td (Company) Tj ET Q q 0 0 0 rg BT 417.75 385.10 Td (. ) Tj ET Q q 0 0 0 rg BT 422.54 385.10 Td (A) Tj ET Q q 0 0 0 rg BT 429.21 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.14 385.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 466.18 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.77 385.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 515.90 385.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.97 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 80.60 373.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 126.43 373.10 Td (at ) Tj ET Q q 0 0 0 rg BT 135.62 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.80 373.10 Td (date ) Tj ET Q q 0 0 0 rg BT 168.42 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.61 373.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 223.46 373.10 Td (ceases ) Tj ET Q q 0 0 0 rg BT 250.96 373.10 Td (using ) Tj ET Q q 0 0 0 rg BT 274.60 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.78 373.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 313.53 373.10 Td (conveyed ) Tj ET Q q 0 0 0 rg BT 353.81 373.10 Td (by ) Tj ET Q q 0 0 0 rg BT 365.78 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.96 373.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 401.91 373.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 436.08 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.49 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 461.12 373.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 501.41 373.10 Td (at ) Tj ET Q q 0 0 0 rg BT 510.59 373.10 Td (its ) Tj ET Q q 0 0 0 rg BT 522.00 373.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 537.85 373.10 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.04 361.10 Td (is ) Tj ET Q q 0 0 0 rg BT 86.32 361.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 133.91 361.10 Td (based ) Tj ET Q q 0 0 0 rg BT 159.28 361.10 Td (on ) Tj ET Q q 0 0 0 rg BT 171.89 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.71 361.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 229.86 361.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 276.89 361.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 299.48 361.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 328.74 361.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 362.99 361.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.60 361.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 416.53 361.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 453.01 361.10 Td (rentals. ) Tj ET Q q 0 0 0 rg BT 484.19 361.10 Td (A) Tj ET Q q 0 0 0 rg BT 490.86 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.47 361.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 527.19 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.45 361.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (restructuring-related ) Tj ET Q q 0 0 0 rg BT 133.91 349.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 156.20 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.15 349.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 205.75 349.10 Td (at ) Tj ET Q q 0 0 0 rg BT 215.25 349.10 Td (its ) Tj ET Q q 0 0 0 rg BT 226.99 349.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 243.15 349.10 Td (value ) Tj ET Q q 0 0 0 rg BT 267.09 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.15 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.66 349.10 Td (period ) Tj ET Q q 0 0 0 rg BT 319.49 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.55 349.10 Td (which ) Tj ET Q q 0 0 0 rg BT 356.27 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.78 349.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 404.17 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.13 349.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 451.23 349.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.95 349.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 489.67 349.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.67 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.96 349.10 Td (- ) Tj ET Q q 0 0 0 rg BT 507.57 349.10 Td (Restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (Char) Tj ET Q q 0 0 0 rg BT 69.26 337.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 85.09 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.03 337.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 127.29 337.10 Td (Exit-Related ) Tj ET Q q 0 0 0 rg BT 180.33 337.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 205.06 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.22 337.10 Td (further ) Tj ET Q q 0 0 0 rg BT 248.93 337.10 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 86.76 316.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.91 316.10 Td (orkers) Tj ET Q q 0 0 0 rg BT 123.61 316.10 Td ( Compensation Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.49 298.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.32 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.93 298.10 Td (self-insured ) Tj ET Q q 0 0 0 rg BT 166.07 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.68 298.10 Td (workers) Tj ET Q q 0 0 0 rg BT 214.48 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.42 298.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 273.90 298.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 301.94 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.66 298.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 359.70 298.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 389.97 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 401.91 298.10 Td (various ) Tj ET Q q 0 0 0 rg BT 433.29 298.10 Td (stop-loss ) Tj ET Q q 0 0 0 rg BT 470.80 298.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 511.05 298.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 546.46 298.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 92.53 286.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 133.39 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.26 286.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 172.91 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.88 286.10 Td (workers) Tj ET Q q 0 0 0 rg BT 219.68 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.33 286.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 282.52 286.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 312.27 286.10 Td (based ) Tj ET Q q 0 0 0 rg BT 338.69 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 352.33 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.20 286.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 396.83 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.81 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.67 286.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 452.21 286.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 489.17 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.26 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.90 286.10 Td (guidelines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (established ) Tj ET Q q 0 0 0 rg BT 97.08 274.10 Td (by ) Tj ET Q q 0 0 0 rg BT 109.72 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.59 274.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 168.32 274.10 Td (state. ) Tj ET Q q 0 0 0 rg BT 191.21 274.10 Td (An ) Tj ET Q q 0 0 0 rg BT 206.08 274.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 237.58 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.90 274.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 284.52 274.10 Td (based ) Tj ET Q q 0 0 0 rg BT 309.93 274.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 332.58 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.44 274.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.08 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.06 274.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 420.92 274.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 449.67 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.64 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.62 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.48 274.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 519.66 274.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 542.85 274.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 85.43 262.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 120.88 262.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 157.41 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.64 262.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 212.75 262.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 240.41 262.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.18 262.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 292.39 262.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 341.71 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 351.60 262.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 390.92 262.10 Td (progresses ) Tj ET Q q 0 0 0 rg BT 434.70 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.70 262.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 485.58 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.92 262.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 522.02 262.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.95 250.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.68 250.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 152.40 250.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 192.60 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 209.88 250.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.94 250.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 267.78 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.85 250.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 305.69 250.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 340.74 250.10 Td (but ) Tj ET Q q 0 0 0 rg BT 355.25 250.10 Td (not ) Tj ET Q q 0 0 0 rg BT 369.77 250.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 404.82 250.10 Td (is ) Tj ET Q q 0 0 0 rg BT 413.22 250.10 Td (included ) Tj ET Q q 0 0 0 rg BT 449.39 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.91 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.86 250.10 Td (accrual. ) Tj ET Q q 0 0 0 rg BT 505.83 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 250.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 238.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 97.24 238.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.14 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.22 238.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.73 238.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 164.81 238.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.71 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.79 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.53 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.82 238.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 268.22 238.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 287.41 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.82 238.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 329.12 238.10 Td (workers) Tj ET Q q 0 0 0 rg BT 363.92 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.00 238.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 425.62 238.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 454.80 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.21 238.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.94 238.10 Td (August ) Tj ET Q q 0 0 0 rg BT 508.92 238.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.50 238.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 547.58 238.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 226.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.66 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 127.66 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 154.60 226.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.31 226.10 Td (included ) Tj ET Q q 0 0 0 rg BT 206.24 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.52 226.10 Td (other ) Tj ET Q q 0 0 0 rg BT 239.57 226.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 273.15 226.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 312.87 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.14 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.86 226.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 393.13 226.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 427.84 226.10 Td (Sheets.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (Environmental Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.49 187.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.32 187.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 147.47 187.10 Td (future ) Tj ET Q q 0 0 0 rg BT 173.29 187.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.23 187.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.83 187.10 Td (known ) Tj ET Q q 0 0 0 rg BT 237.99 187.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 297.69 187.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 347.39 187.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 401.53 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.91 187.10 Td (accrues ) Tj ET Q q 0 0 0 rg BT 449.83 187.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.43 187.10 Td (them ) Tj ET Q q 0 0 0 rg BT 485.37 187.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.31 187.10 Td (an ) Tj ET Q q 0 0 0 rg BT 508.69 187.10 Td (undiscounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.04 175.10 Td (when ) Tj ET Q q 0 0 0 rg BT 95.75 175.10 Td (it ) Tj ET Q q 0 0 0 rg BT 103.34 175.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.06 175.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 149.08 175.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.12 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.38 175.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.31 175.10 Td (has ) Tj ET Q q 0 0 0 rg BT 236.68 175.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 272.04 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.52 175.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 311.67 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.15 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.41 175.10 Td (related ) Tj ET Q q 0 0 0 rg BT 371.66 175.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 393.70 175.10 Td (can ) Tj ET Q q 0 0 0 rg BT 409.62 175.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.10 175.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 466.46 175.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 506.82 175.10 Td (but ) Tj ET Q q 0 0 0 rg BT 521.64 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.90 175.10 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 163.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 98.88 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.04 163.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 153.31 163.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 175.25 163.10 Td (is ) Tj ET Q q 0 0 0 rg BT 183.87 163.10 Td (unknown. ) Tj ET Q q 0 0 0 rg BT 225.39 163.10 Td (The ) Tj ET Q q 0 0 0 rg BT 242.89 163.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.72 163.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 323.43 163.10 Td (various ) Tj ET Q q 0 0 0 rg BT 354.82 163.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 383.97 163.10 Td (when ) Tj ET Q q 0 0 0 rg BT 407.58 163.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 451.18 163.10 Td (its ) Tj ET Q q 0 0 0 rg BT 462.58 163.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 522.28 163.10 Td (liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 103.17 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.57 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.40 151.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 168.24 151.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.06 151.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 220.65 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.05 151.10 Td (selling, ) Tj ET Q q 0 0 0 rg BT 262.83 151.10 Td (general ) Tj ET Q q 0 0 0 rg BT 294.87 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.93 151.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 371.75 151.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 406.58 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.63 151.10 Td (made ) Tj ET Q q 0 0 0 rg BT 447.91 151.10 Td (when ) Tj ET Q q 0 0 0 rg BT 472.18 151.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 514.79 151.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 87.25 139.10 Td (available ) Tj ET Q q 0 0 0 rg BT 125.60 139.10 Td (that ) Tj ET Q q 0 0 0 rg BT 142.85 139.10 Td (af) Tj ET Q q 0 0 0 rg BT 150.44 139.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 171.58 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.05 139.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 226.64 139.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 248.90 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.94 139.10 Td (study ) Tj ET Q q 0 0 0 rg BT 282.87 139.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.46 139.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 335.14 139.10 Td (any ) Tj ET Q q 0 0 0 rg BT 351.84 139.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 411.86 139.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 438.01 139.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.60 139.10 Td (when ) Tj ET Q q 0 0 0 rg BT 472.52 139.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 525.87 139.10 Td (are ) Tj ET Q q 0 0 0 rg BT 540.34 139.10 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (for ) Tj ET Q q 0 0 0 rg BT 62.94 127.10 Td (which ) Tj ET Q q 0 0 0 rg BT 88.67 127.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 127.17 127.10 Td (were ) Tj ET Q q 0 0 0 rg BT 147.88 127.10 Td (established. ) Tj ET Q q 0 0 0 rg BT 196.09 127.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 220.14 127.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 241.42 127.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 276.02 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.08 127.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 330.24 127.10 Td (with ) Tj ET Q q 0 0 0 rg BT 349.30 127.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 408.34 127.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 464.61 127.10 Td (are ) Tj ET Q q 0 0 0 rg BT 478.10 127.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 516.59 127.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.20 127.10 Td (incurred.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (When ) Tj ET Q q 0 0 0 rg BT 76.92 106.10 Td (only ) Tj ET Q q 0 0 0 rg BT 97.73 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.21 106.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 127.69 106.10 Td (range ) Tj ET Q q 0 0 0 rg BT 152.94 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.31 106.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 205.67 106.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 242.59 106.10 Td (can ) Tj ET Q q 0 0 0 rg BT 259.51 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.99 106.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 318.34 106.10 Td (established ) Tj ET Q q 0 0 0 rg BT 365.82 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.29 106.10 Td (no ) Tj ET Q q 0 0 0 rg BT 396.33 106.10 Td (other ) Tj ET Q q 0 0 0 rg BT 419.92 106.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 452.95 106.10 Td (within ) Tj ET Q q 0 0 0 rg BT 481.55 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.81 106.10 Td (range ) Tj ET Q q 0 0 0 rg BT 522.05 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.76 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.24 106.10 Td (better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.66 94.10 Td (than ) Tj ET Q q 0 0 0 rg BT 105.22 94.10 Td (another) Tj ET Q q 0 0 0 rg BT 134.80 94.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.65 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.20 94.10 Td (low ) Tj ET Q q 0 0 0 rg BT 171.55 94.10 Td (end ) Tj ET Q q 0 0 0 rg BT 188.33 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.55 94.10 Td (range ) Tj ET Q q 0 0 0 rg BT 238.10 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 247.11 94.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 284.43 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.55 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.11 94.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 346.43 94.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 393.48 94.10 Td (In ) Tj ET Q q 0 0 0 rg BT 404.16 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.94 94.10 Td (number ) Tj ET Q q 0 0 0 rg BT 443.82 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.49 94.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 480.43 94.10 Td (it ) Tj ET Q q 0 0 0 rg BT 488.33 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.34 94.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 532.46 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 94.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.78 82.10 Td (may ) Tj ET Q q 0 0 0 rg BT 109.89 82.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 140.64 82.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 202.51 82.10 Td (through ) Tj ET Q q 0 0 0 rg BT 235.51 82.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 275.72 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.94 82.10 Td (from ) Tj ET Q q 0 0 0 rg BT 307.27 82.10 Td (other ) Tj ET Q q 0 0 0 rg BT 329.71 82.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 374.37 82.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 421.80 82.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 450.35 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.90 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.23 82.10 Td (site. ) Tj ET Q q 0 0 0 rg BT 488.51 82.10 Td (In ) Tj ET Q q 0 0 0 rg BT 498.73 82.10 Td (these ) Tj ET Q q 0 0 0 rg BT 521.17 82.10 Td (situations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 93.43 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.11 70.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 164.21 70.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 214.32 70.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 236.66 70.10 Td (from ) Tj ET Q q 0 0 0 rg BT 258.45 70.10 Td (other ) Tj ET Q q 0 0 0 rg BT 281.34 70.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 310.34 70.10 Td (are ) Tj ET Q q 0 0 0 rg BT 324.90 70.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 371.10 70.10 Td (when ) Tj ET Q q 0 0 0 rg BT 395.11 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 70.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 434.23 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.24 70.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 485.56 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 494.58 70.10 Td (either ) Tj ET Q q 0 0 0 rg BT 519.69 70.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 553.67 70.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (realizable. ) Tj ET Q q 0 0 0 rg BT 94.96 58.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.40 58.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 152.17 58.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 191.03 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.58 58.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 268.23 58.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 309.33 58.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.42 58.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 365.95 58.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 417.60 58.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.82 58.10 Td (site ) Tj ET Q q 0 0 0 rg BT 447.59 58.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 495.92 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.24 58.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (progresses ) Tj ET Q q 0 0 0 rg BT 94.73 46.10 Td (at ) Tj ET Q q 0 0 0 rg BT 104.46 46.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 147.52 46.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 167.81 46.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.77 46.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 220.60 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.90 46.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 258.94 46.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.45 46.10 Td (information ) Tj ET Q q 0 0 0 rg BT 351.17 46.10 Td (that ) Tj ET Q q 0 0 0 rg BT 368.68 46.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 406.18 46.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 447.28 46.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 466.46 46.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.75 46.10 Td (evolving ) Tj ET Q q 0 0 0 rg BT 514.26 46.10 Td (remediation ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (59) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (technology) Tj ET Q q 0 0 0 rg BT 93.78 731.10 Td (, ) Tj ET Q q 0 0 0 rg BT 97.78 731.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 135.93 731.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 184.35 731.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 218.62 731.10 Td (third ) Tj ET Q q 0 0 0 rg BT 239.00 731.10 Td (party ) Tj ET Q q 0 0 0 rg BT 261.04 731.10 Td (contributions, ) Tj ET Q q 0 0 0 rg BT 317.81 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.52 731.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 373.56 731.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 400.03 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.86 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.57 731.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 474.51 731.10 Td (used ) Tj ET Q q 0 0 0 rg BT 494.33 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.26 731.10 Td (other ) Tj ET Q q 0 0 0 rg BT 532.30 731.10 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.42 719.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 120.04 719.10 Td (could ) Tj ET Q q 0 0 0 rg BT 144.79 719.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 165.09 719.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 217.62 719.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.59 719.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 276.01 719.10 Td (paid. ) Tj ET Q q 0 0 0 rg BT 298.26 719.10 Td (See ) Tj ET Q q 0 0 0 rg BT 315.23 719.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 379.42 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 386.95 719.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 453.35 719.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.67 719.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 485.64 719.10 Td (1) Tj ET Q q 0 0 0 rg BT 490.27 719.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.27 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.80 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.34 719.10 Td (Commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 707.10 Td (Contingencies ) Tj ET Q q 0 0 0 rg BT 126.65 707.10 Td (for ) Tj ET Q q 0 0 0 rg BT 140.81 707.10 Td (further ) Tj ET Q q 0 0 0 rg BT 170.52 707.10 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.08 668.10 Td (Company) Tj ET Q q 0 0 0 rg BT 108.75 668.10 Td (s ) Tj ET Q q 0 0 0 rg BT 114.17 668.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.69 668.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 198.89 668.10 Td (include ) Tj ET Q q 0 0 0 rg BT 229.86 668.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.16 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 265.13 668.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 284.44 668.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 334.01 668.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 370.53 668.10 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 415.65 668.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 452.17 668.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 487.29 668.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 506.05 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.02 668.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.97 656.10 Td (The ) Tj ET Q q 0 0 0 rg BT 109.07 656.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.51 656.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 170.29 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.06 656.10 Td (market ) Tj ET Q q 0 0 0 rg BT 215.38 656.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 254.58 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.92 656.10 Td (value ) Tj ET Q q 0 0 0 rg BT 289.13 656.10 Td (its ) Tj ET Q q 0 0 0 rg BT 301.13 656.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 338.67 656.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.56 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.55 656.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 423.82 656.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 471.36 656.10 Td (using ) Tj ET Q q 0 0 0 rg BT 495.59 656.10 Td (available ) Tj ET Q q 0 0 0 rg BT 534.23 656.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 102.07 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.17 644.10 Td (net ) Tj ET Q q 0 0 0 rg BT 134.93 644.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 170.79 644.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 207.22 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.10 644.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 238.41 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.39 644.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 275.71 644.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 326.30 644.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 363.83 644.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 407.45 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.43 644.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 461.97 644.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 495.60 644.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 548.13 644.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.92 632.10 Td (due ) Tj ET Q q 0 0 0 rg BT 90.61 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.65 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.13 632.10 Td (short ) Tj ET Q q 0 0 0 rg BT 137.39 632.10 Td (term ) Tj ET Q q 0 0 0 rg BT 157.97 632.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 185.22 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.81 632.10 Td (these ) Tj ET Q q 0 0 0 rg BT 218.61 632.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 270.04 632.10 Td (For ) Tj ET Q q 0 0 0 rg BT 286.19 632.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 327.88 632.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 349.86 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 376.56 632.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.49 632.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 424.96 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.44 632.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 468.90 632.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 500.59 632.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 524.23 632.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.37 632.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.83 620.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 99.31 620.10 Td (using ) Tj ET Q q 0 0 0 rg BT 123.14 620.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 168.61 620.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 195.22 620.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 223.48 620.10 Td (2\) ) Tj ET Q q 0 0 0 rg BT 233.97 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.56 620.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 306.60 620.10 Td (its ) Tj ET Q q 0 0 0 rg BT 318.20 620.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 353.68 620.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 379.99 620.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 424.35 620.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 462.61 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 476.98 620.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 512.45 620.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.83 620.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 537.86 620.10 Td (value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 608.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.88 608.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.88 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.38 608.10 Td (- ) Tj ET Q q 0 0 0 rg BT 107.21 608.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 125.63 608.10 Td (V) Tj ET Q q 0 0 0 rg BT 131.75 608.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 150.90 608.10 Td (Measurements ) Tj ET Q q 0 0 0 rg BT 211.72 608.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.66 608.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 250.60 608.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.10 608.10 Td (- ) Tj ET Q q 0 0 0 rg BT 268.93 608.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 313.63 608.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 353.34 608.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 403.06 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.22 608.10 Td (further ) Tj ET Q q 0 0 0 rg BT 446.92 608.10 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 76.40 587.10 Td (alue Measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 67.62 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.80 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 98.98 569.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 138.81 569.10 Td (using ) Tj ET Q q 0 0 0 rg BT 162.00 569.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 187.96 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 208.92 569.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 569.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.64 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.15 569.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 268.99 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.84 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.57 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 307.97 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 331.14 569.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 368.24 569.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.26 569.10 Td (Classification ) Tj ET Q q 0 0 0 rg BT 428.76 569.10 Td (within ) Tj ET Q q 0 0 0 rg BT 455.84 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.57 569.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 508.84 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 517.03 569.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.27 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.77 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.49 557.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 131.09 557.10 Td (level ) Tj ET Q q 0 0 0 rg BT 153.03 557.10 Td (input ) Tj ET Q q 0 0 0 rg BT 176.08 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 193.58 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.75 557.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 247.46 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.74 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.46 557.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 288.83 557.10 Td (value ) Tj ET Q q 0 0 0 rg BT 312.99 557.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 371.12 557.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.17 557.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.65 557.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 437.48 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 452.18 557.10 Td (described ) Tj ET Q q 0 0 0 rg BT 493.00 557.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.83 557.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 536.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 536.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.26 536.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.76 536.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.26 536.10 Td (Unadjusted ) Tj ET Q q 0 0 0 rg BT 174.31 536.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 204.03 536.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 230.40 536.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.68 536.10 Td (active ) Tj ET Q q 0 0 0 rg BT 267.05 536.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 301.21 536.10 Td (for ) Tj ET Q q 0 0 0 rg BT 315.37 536.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 352.30 536.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 378.13 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.07 536.10 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 521.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 521.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.31 521.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.31 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.85 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.39 521.10 Td (Inputs ) Tj ET Q q 0 0 0 rg BT 153.94 521.10 Td (other ) Tj ET Q q 0 0 0 rg BT 177.03 521.10 Td (than ) Tj ET Q q 0 0 0 rg BT 196.79 521.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 226.54 521.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 252.96 521.10 Td (included ) Tj ET Q q 0 0 0 rg BT 289.94 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.26 521.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 325.57 521.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 333.11 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 350.65 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.40 521.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 411.26 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.46 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.22 521.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 498.30 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.17 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.93 521.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.35 521.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.83 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.55 509.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 133.49 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.32 509.10 Td (liability) Tj ET Q q 0 0 0 rg BT 174.77 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.77 509.10 Td (either ) Tj ET Q q 0 0 0 rg BT 205.04 509.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 238.08 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.91 509.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 286.58 509.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 494.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 494.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.26 494.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.26 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.76 494.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.26 494.10 Td (Unobservable ) Tj ET Q q 0 0 0 rg BT 184.30 494.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 211.25 494.10 Td (that ) Tj ET Q q 0 0 0 rg BT 228.74 494.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.45 494.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 288.16 494.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.44 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.16 494.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 371.20 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.03 494.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.40 494.10 Td (value ) Tj ET Q q 0 0 0 rg BT 422.56 494.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.39 494.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.10 494.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 470.04 494.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.87 494.10 Td (liability) Tj ET Q q 0 0 0 rg BT 511.33 494.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (When ) Tj ET Q q 0 0 0 rg BT 76.05 473.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 122.65 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.04 473.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 153.09 473.10 Td (value ) Tj ET Q q 0 0 0 rg BT 176.92 473.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 238.79 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.18 473.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 294.24 473.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 313.63 473.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 343.02 473.10 Td (market ) Tj ET Q q 0 0 0 rg BT 372.96 473.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.01 473.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 440.05 473.10 Td (available ) Tj ET Q q 0 0 0 rg BT 478.31 473.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.81 473.10 Td (seeks ) Tj ET Q q 0 0 0 rg BT 512.64 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.59 473.10 Td (maximize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 461.10 Td (use ) Tj ET Q q 0 0 0 rg BT 80.40 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.16 461.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 136.91 461.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 163.78 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.65 461.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 220.85 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.49 461.10 Td (use ) Tj ET Q q 0 0 0 rg BT 251.25 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.01 461.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 317.75 461.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 344.63 461.10 Td (when ) Tj ET Q q 0 0 0 rg BT 368.72 461.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 398.36 461.10 Td (market ) Tj ET Q q 0 0 0 rg BT 428.55 461.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 454.86 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.49 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 484.70 461.10 Td (available. ) Tj ET Q q 0 0 0 rg BT 525.72 461.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.58 461.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.09 449.10 Td (- ) Tj ET Q q 0 0 0 rg BT 62.51 449.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 102.38 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.90 449.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 143.76 449.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 185.93 449.10 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 216.63 449.10 Td (net, ) Tj ET Q q 0 0 0 rg BT 233.44 449.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 254.96 449.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 267.05 449.10 Td (- ) Tj ET Q q 0 0 0 rg BT 272.47 449.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 290.52 449.10 Td (V) Tj ET Q q 0 0 0 rg BT 296.63 449.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 315.38 449.10 Td (Measurements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.28 449.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 399.81 449.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.81 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.90 449.10 Td (- ) Tj ET Q q 0 0 0 rg BT 417.31 449.10 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 468.82 449.10 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 532.02 449.10 Td (Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 437.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 88.88 437.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.88 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.38 437.10 Td (- ) Tj ET Q q 0 0 0 rg BT 107.21 437.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 151.91 437.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 191.62 437.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 241.34 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 255.50 437.10 Td (further ) Tj ET Q q 0 0 0 rg BT 285.21 437.10 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.30 398.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.94 398.10 Td (records ) Tj ET Q q 0 0 0 rg BT 145.13 398.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 188.86 398.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 239.28 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.81 398.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 284.55 398.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 324.41 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.60 398.10 Td (other ) Tj ET Q q 0 0 0 rg BT 366.90 398.10 Td (current ) Tj ET Q q 0 0 0 rg BT 398.97 398.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 426.05 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.14 398.10 Td (other ) Tj ET Q q 0 0 0 rg BT 462.44 398.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 497.28 398.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 538.25 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 398.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.91 386.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 141.24 386.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 170.48 386.10 Td (at ) Tj ET Q q 0 0 0 rg BT 180.83 386.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 197.84 386.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 225.13 386.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.70 386.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 278.04 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.95 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.30 386.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 321.31 386.10 Td (value ) Tj ET Q q 0 0 0 rg BT 346.09 386.10 Td (are ) Tj ET Q q 0 0 0 rg BT 361.43 386.10 Td (either ) Tj ET Q q 0 0 0 rg BT 387.33 386.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 434.32 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.23 386.10 Td (other ) Tj ET Q q 0 0 0 rg BT 468.91 386.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 532.58 386.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 75.12 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.80 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.92 374.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 156.60 374.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 203.38 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.61 374.10 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 280.28 374.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 313.17 374.10 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 341.62 374.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.85 374.10 Td (net ) Tj ET Q q 0 0 0 rg BT 367.97 374.10 Td (income ) Tj ET Q q 0 0 0 rg BT 400.31 374.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 425.43 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.11 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.23 374.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 506.90 374.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 553.69 374.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 99.17 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.29 362.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 156.67 362.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 201.11 362.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.90 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.91 362.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 256.69 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.81 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.81 362.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 328.93 362.10 Td (exposure, ) Tj ET Q q 0 0 0 rg BT 370.32 362.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 405.32 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.32 362.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 463.10 362.10 Td (has ) Tj ET Q q 0 0 0 rg BT 479.22 362.10 Td (been ) Tj ET Q q 0 0 0 rg BT 500.88 362.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 546.44 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.56 362.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 78.37 350.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 99.79 350.10 Td (if ) Tj ET Q q 0 0 0 rg BT 110.39 350.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 157.64 350.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.46 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.39 350.10 Td (hedge, ) Tj ET Q q 0 0 0 rg BT 210.25 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.96 350.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 255.88 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.14 350.10 Td (which ) Tj ET Q q 0 0 0 rg BT 297.07 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.78 350.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 342.14 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 353.30 350.10 Td (ef) Tj ET Q q 0 0 0 rg BT 360.89 350.10 Td (fective. ) Tj ET Q q 0 0 0 rg BT 394.09 350.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 435.25 350.10 Td (included ) Tj ET Q q 0 0 0 rg BT 474.17 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.43 350.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 541.45 350.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.29 338.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 131.62 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.58 338.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 194.88 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.42 338.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 242.06 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.60 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.57 338.10 Td (period ) Tj ET Q q 0 0 0 rg BT 295.88 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.42 338.10 Td (which ) Tj ET Q q 0 0 0 rg BT 333.62 338.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 370.26 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 385.23 338.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 424.64 338.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.40 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.38 338.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 484.02 338.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 510.94 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.48 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 338.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.76 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.75 326.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 114.39 326.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 161.03 326.10 Td (is ) Tj ET Q q 0 0 0 rg BT 170.47 326.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 204.33 326.10 Td (no ) Tj ET Q q 0 0 0 rg BT 217.10 326.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 245.41 326.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 270.95 326.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.50 326.10 Td (occur) Tj ET Q q 0 0 0 rg BT 303.31 326.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.57 326.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.67 326.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.22 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.20 326.10 Td (period ) Tj ET Q q 0 0 0 rg BT 373.52 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 391.28 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.26 326.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 449.01 326.10 Td (is ) Tj ET Q q 0 0 0 rg BT 458.45 326.10 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 506.47 326.10 Td (For ) Tj ET Q q 0 0 0 rg BT 523.13 326.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 543.67 326.10 Td (flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (hedges, ) Tj ET Q q 0 0 0 rg BT 82.53 314.10 Td (a ) Tj ET Q q 0 0 0 rg BT 89.23 314.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 118.14 314.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 164.84 314.10 Td (is ) Tj ET Q q 0 0 0 rg BT 173.77 314.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 200.18 314.10 Td (both ) Tj ET Q q 0 0 0 rg BT 220.22 314.10 Td (at ) Tj ET Q q 0 0 0 rg BT 229.70 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.18 314.10 Td (hedge) Tj ET Q q 0 0 0 rg BT 270.83 314.10 Td (s ) Tj ET Q q 0 0 0 rg BT 276.98 314.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 316.45 314.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.15 314.10 Td (on ) Tj ET Q q 0 0 0 rg BT 345.41 314.10 Td (an ) Tj ET Q q 0 0 0 rg BT 357.11 314.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 392.15 314.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 416.91 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 426.95 314.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 469.19 314.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 503.65 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.13 314.10 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.26 302.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.73 302.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 126.76 302.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.36 302.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 171.84 302.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 220.77 302.10 Td (have ) Tj ET Q q 0 0 0 rg BT 241.91 302.10 Td (been ) Tj ET Q q 0 0 0 rg BT 263.06 302.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 290.88 302.10 Td (ef) Tj ET Q q 0 0 0 rg BT 298.47 302.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 327.93 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 337.98 302.10 Td (of) Tj ET Q q 0 0 0 rg BT 346.13 302.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 378.39 302.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 412.86 302.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.91 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.39 302.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 457.42 302.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 481.91 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.50 302.10 Td (hedged ) Tj ET Q q 0 0 0 rg BT 523.65 302.10 Td (items ) Tj ET Q q 0 0 0 rg BT 547.58 302.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.75 290.10 Td (those ) Tj ET Q q 0 0 0 rg BT 108.39 290.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 154.80 290.10 Td (may ) Tj ET Q q 0 0 0 rg BT 174.56 290.10 Td (be ) Tj ET Q q 0 0 0 rg BT 186.53 290.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 224.60 290.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.92 290.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 265.22 290.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 293.32 290.10 Td (ef) Tj ET Q q 0 0 0 rg BT 300.90 290.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 330.64 290.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.96 290.10 Td (future ) Tj ET Q q 0 0 0 rg BT 367.38 290.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 401.67 290.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.08 290.10 Td (o ) Tj ET Q q 0 0 0 rg BT 414.62 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.37 290.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 456.34 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.10 290.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 497.51 290.10 Td (is ) Tj ET Q q 0 0 0 rg BT 506.72 290.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 554.24 290.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.93 278.10 Td (inef) Tj ET Q q 0 0 0 rg BT 78.30 278.10 Td (fective, ) Tj ET Q q 0 0 0 rg BT 111.49 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.20 278.10 Td (inef) Tj ET Q q 0 0 0 rg BT 142.57 278.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 173.26 278.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 205.64 278.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.80 278.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 269.28 278.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 316.64 278.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.91 278.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 367.53 278.10 Td (When ) Tj ET Q q 0 0 0 rg BT 394.90 278.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 436.98 278.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 467.69 278.10 Td (market ) Tj ET Q q 0 0 0 rg BT 498.94 278.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 526.31 278.10 Td (or ) Tj ET Q q 0 0 0 rg BT 538.14 278.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 86.94 266.10 Td (through ) Tj ET Q q 0 0 0 rg BT 120.56 266.10 Td (external ) Tj ET Q q 0 0 0 rg BT 155.27 266.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 187.76 266.10 Td (are ) Tj ET Q q 0 0 0 rg BT 202.48 266.10 Td (used ) Tj ET Q q 0 0 0 rg BT 223.32 266.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.60 266.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 269.42 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.37 266.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 318.86 266.10 Td (instrument) Tj ET Q q 0 0 0 rg BT 364.41 266.10 Td (s ) Tj ET Q q 0 0 0 rg BT 370.81 266.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 387.19 266.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 413.67 266.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.73 266.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 448.11 266.10 Td (value ) Tj ET Q q 0 0 0 rg BT 472.27 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.11 266.10 Td (these ) Tj ET Q q 0 0 0 rg BT 506.17 266.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 555.34 266.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.46 254.10 Td (function ) Tj ET Q q 0 0 0 rg BT 91.81 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.16 254.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 147.50 254.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 181.18 254.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 228.75 254.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 257.15 254.10 Td (related ) Tj ET Q q 0 0 0 rg BT 286.37 254.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 321.83 254.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.35 254.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 378.91 254.10 Td (creditworthiness ) Tj ET Q q 0 0 0 rg BT 447.02 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.48 254.10 Td (duration ) Tj ET Q q 0 0 0 rg BT 498.83 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.18 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.42 254.10 Td (contracts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 71.34 242.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 94.90 242.10 Td (from ) Tj ET Q q 0 0 0 rg BT 115.68 242.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 160.89 242.10 Td (are ) Tj ET Q q 0 0 0 rg BT 174.44 242.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 219.64 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.76 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.31 242.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 296.42 242.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 341.65 242.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.31 242.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 372.65 242.10 Td (Flows ) Tj ET Q q 0 0 0 rg BT 398.45 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.56 242.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.34 242.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 444.67 242.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 486.00 242.10 Td (with ) Tj ET Q q 0 0 0 rg BT 505.12 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.68 242.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 102.76 230.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.70 230.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 141.64 230.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.64 230.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.14 230.10 Td (- ) Tj ET Q q 0 0 0 rg BT 159.97 230.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 178.40 230.10 Td (V) Tj ET Q q 0 0 0 rg BT 184.51 230.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 203.67 230.10 Td (Measurements ) Tj ET Q q 0 0 0 rg BT 264.48 230.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.42 230.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 303.36 230.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.36 230.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.86 230.10 Td (- ) Tj ET Q q 0 0 0 rg BT 321.69 230.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 366.39 230.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 406.10 230.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 455.82 230.10 Td (for ) Tj ET Q q 0 0 0 rg BT 469.98 230.10 Td (further ) Tj ET Q q 0 0 0 rg BT 499.69 230.10 Td (detail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 94.00 213.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.89 213.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.35 213.10 Td (commodities ) Tj ET Q q 0 0 0 rg BT 198.81 213.10 Td (used ) Tj ET Q q 0 0 0 rg BT 218.94 213.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.52 213.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 258.65 213.10 Td (business ) Tj ET Q q 0 0 0 rg BT 294.34 213.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 337.79 213.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.58 213.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.59 213.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 396.49 213.10 Td (by ) Tj ET Q q 0 0 0 rg BT 408.29 213.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 443.42 213.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 475.53 213.10 Td (, ) Tj ET Q q 0 0 0 rg BT 479.83 213.10 Td (among ) Tj ET Q q 0 0 0 rg BT 508.85 213.10 Td (other ) Tj ET Q q 0 0 0 rg BT 531.19 213.10 Td (criteria, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.16 201.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 96.11 201.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.72 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.12 201.10 Td (may ) Tj ET Q q 0 0 0 rg BT 145.29 201.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.68 201.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 201.40 201.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.69 201.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 241.97 201.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 283.35 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.75 201.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 330.03 201.10 Td (sales. ) Tj ET Q q 0 0 0 rg BT 353.92 201.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 394.20 201.10 Td (that ) Tj ET Q q 0 0 0 rg BT 411.15 201.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 441.44 201.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.72 201.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 482.00 201.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 523.39 201.10 Td (or ) Tj ET Q q 0 0 0 rg BT 533.67 201.10 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 71.94 189.10 Td (are ) Tj ET Q q 0 0 0 rg BT 86.65 189.10 Td (not ) Tj ET Q q 0 0 0 rg BT 101.92 189.10 Td (marked-to-market. ) Tj ET Q q 0 0 0 rg BT 178.93 189.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.98 189.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.36 189.10 Td (does ) Tj ET Q q 0 0 0 rg BT 259.19 189.10 Td (not ) Tj ET Q q 0 0 0 rg BT 274.47 189.10 Td (use ) Tj ET Q q 0 0 0 rg BT 290.30 189.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 332.78 189.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 381.95 189.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.11 189.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 426.93 189.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.76 189.10 Td (speculative ) Tj ET Q q 0 0 0 rg BT 485.24 189.10 Td (purposes. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (Foreign Currency T) Tj ET Q q 0 0 0 rg BT 132.97 168.10 Td (ranslation and T) Tj ET Q q 0 0 0 rg BT 201.51 168.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 79.40 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.12 150.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 137.62 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.23 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.73 150.10 Td (Company) Tj ET Q q 0 0 0 rg BT 206.39 150.10 Td (s ) Tj ET Q q 0 0 0 rg BT 213.57 150.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 258.51 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.57 150.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 302.84 150.10 Td (are ) Tj ET Q q 0 0 0 rg BT 318.33 150.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 360.48 150.10 Td (into ) Tj ET Q q 0 0 0 rg BT 379.32 150.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 400.39 150.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 430.88 150.10 Td (at ) Tj ET Q q 0 0 0 rg BT 441.38 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.88 150.10 Td (period-end ) Tj ET Q q 0 0 0 rg BT 503.48 150.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 544.52 150.10 Td (rate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.36 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.61 138.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 144.53 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.68 138.10 Td (these ) Tj ET Q q 0 0 0 rg BT 179.05 138.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 223.52 138.10 Td (are ) Tj ET Q q 0 0 0 rg BT 238.55 138.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 280.24 138.10 Td (into ) Tj ET Q q 0 0 0 rg BT 298.61 138.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 319.21 138.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 349.25 138.10 Td (at ) Tj ET Q q 0 0 0 rg BT 359.29 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.32 138.10 Td (average ) Tj ET Q q 0 0 0 rg BT 408.22 138.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 448.80 138.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 466.60 138.10 Td (for ) Tj ET Q q 0 0 0 rg BT 481.08 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.12 138.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 526.98 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.24 138.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.11 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.32 126.10 Td (these ) Tj ET Q q 0 0 0 rg BT 106.75 126.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 150.29 126.10 Td (are ) Tj ET Q q 0 0 0 rg BT 164.38 126.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 205.14 126.10 Td (into ) Tj ET Q q 0 0 0 rg BT 222.58 126.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 242.24 126.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 271.34 126.10 Td (using ) Tj ET Q q 0 0 0 rg BT 294.90 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.00 126.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 348.64 126.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 369.40 126.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.06 126.10 Td (ef) Tj ET Q q 0 0 0 rg BT 386.65 126.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 403.52 126.10 Td (at ) Tj ET Q q 0 0 0 rg BT 412.62 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.72 126.10 Td (time ) Tj ET Q q 0 0 0 rg BT 446.37 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.59 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.69 126.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.34 126.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 516.81 126.10 Td (T) Tj ET Q q 0 0 0 rg BT 522.57 126.10 Td (ranslation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.64 114.10 Td (are ) Tj ET Q q 0 0 0 rg BT 113.71 114.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.35 114.10 Td (included ) Tj ET Q q 0 0 0 rg BT 164.65 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.30 114.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 224.48 114.10 Td (net ) Tj ET Q q 0 0 0 rg BT 238.56 114.10 Td (income ) Tj ET Q q 0 0 0 rg BT 269.86 114.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 293.95 114.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.48 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.56 114.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 351.47 114.10 Td (but ) Tj ET Q q 0 0 0 rg BT 366.11 114.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.19 114.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 417.03 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.67 114.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 479.06 114.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.47 114.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 70.73 102.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.84 102.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 113.27 102.10 Td (component ) Tj ET Q q 0 0 0 rg BT 160.38 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.38 102.10 Td (shareholders) Tj ET Q q 0 0 0 rg BT 224.50 102.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.18 102.10 Td (equity) Tj ET Q q 0 0 0 rg BT 251.52 102.10 Td (. ) Tj ET Q q 0 0 0 rg BT 256.69 102.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 290.48 102.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 328.12 102.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 374.67 102.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 398.45 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.56 102.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 442.12 102.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.00 102.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 498.54 102.10 Td (from ) Tj ET Q q 0 0 0 rg BT 520.65 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.54 102.10 Td (ef) Tj ET Q q 0 0 0 rg BT 543.13 102.10 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.66 90.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 100.74 90.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 118.05 90.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 152.59 90.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.92 90.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 215.01 90.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 268.99 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.09 90.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.86 90.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 323.16 90.10 Td (other ) Tj ET Q q 0 0 0 rg BT 346.04 90.10 Td (than ) Tj ET Q q 0 0 0 rg BT 365.58 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.13 90.10 Td (functional ) Tj ET Q q 0 0 0 rg BT 423.00 90.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 460.30 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.96 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.51 90.10 Td (Company) Tj ET Q q 0 0 0 rg BT 523.74 90.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.57 90.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.34 90.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 78.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 84.82 78.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 107.59 78.10 Td (. ) Tj ET Q q 0 0 0 rg BT 112.50 78.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 138.24 78.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.09 78.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 181.39 78.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.79 78.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 225.08 78.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 262.46 78.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 312.64 78.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.25 78.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 366.86 78.10 Td (included ) Tj ET Q q 0 0 0 rg BT 403.71 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.89 78.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 464.62 78.10 Td (net ) Tj ET Q q 0 0 0 rg BT 479.25 78.10 Td (income ) Tj ET Q q 0 0 0 rg BT 511.09 78.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 535.72 78.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 78.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 79.53 66.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.67 66.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.15 66.10 Td (records ) Tj ET Q q 0 0 0 rg BT 168.18 66.10 Td (these ) Tj ET Q q 0 0 0 rg BT 190.32 66.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 213.02 66.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.06 66.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 254.54 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.92 66.10 Td (other ) Tj ET Q q 0 0 0 rg BT 286.06 66.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 319.59 66.10 Td (net ) Tj ET Q q 0 0 0 rg BT 333.40 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.78 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.59 66.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 410.96 66.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 456.44 66.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.36 66.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 514.33 66.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 530.37 66.10 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 54.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 111.08 54.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 142.46 54.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 179.93 54.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 226.30 54.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 249.91 54.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 282.96 54.10 Td (were ) Tj ET Q q 0 0 0 rg BT 304.89 54.10 Td (not ) Tj ET Q q 0 0 0 rg BT 320.17 54.10 Td (material ) Tj ET Q q 0 0 0 rg BT 355.43 54.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.71 54.10 Td (any ) Tj ET Q q 0 0 0 rg BT 382.65 54.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.48 54.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.19 54.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 440.13 54.10 Td (presented.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (60) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Redeemable Noncontrolling Interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 713.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.00 713.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 136.29 713.25 Td (common ) Tj ET Q q 0 0 0 rg BT 173.57 713.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 196.96 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.58 713.25 Td (one ) Tj ET Q q 0 0 0 rg BT 224.30 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.92 713.25 Td (its ) Tj ET Q q 0 0 0 rg BT 246.65 713.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 296.15 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.22 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.72 713.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 381.88 713.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 413.60 713.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 441.44 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.05 713.25 Td (that ) Tj ET Q q 0 0 0 rg BT 469.33 713.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 512.72 713.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 532.50 713.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.23 713.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.19 701.25 Td (Company) Tj ET Q q 0 0 0 rg BT 106.85 701.25 Td (s ) Tj ET Q q 0 0 0 rg BT 113.72 701.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 152.23 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.53 701.25 Td (that ) Tj ET Q q 0 0 0 rg BT 181.50 701.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 213.91 701.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.88 701.25 Td (March8, ) Tj ET Q q 0 0 0 rg BT 265.95 701.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.95 701.25 Td (, ) Tj ET Q q 0 0 0 rg BT 291.42 701.25 Td (had ) Tj ET Q q 0 0 0 rg BT 308.83 701.25 Td (been ) Tj ET Q q 0 0 0 rg BT 330.68 701.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 379.73 701.25 Td (both ) Tj ET Q q 0 0 0 rg BT 400.49 701.25 Td (at ) Tj ET Q q 0 0 0 rg BT 410.67 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.86 701.25 Td (option ) Tj ET Q q 0 0 0 rg BT 454.39 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.70 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.89 701.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 509.41 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.82 701.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 549.79 701.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 96.92 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.32 689.25 Td (an ) Tj ET Q q 0 0 0 rg BT 120.82 689.25 Td (event ) Tj ET Q q 0 0 0 rg BT 145.54 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 163.60 689.25 Td (was ) Tj ET Q q 0 0 0 rg BT 182.22 689.25 Td (not ) Tj ET Q q 0 0 0 rg BT 198.07 689.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 225.02 689.25 Td (within ) Tj ET Q q 0 0 0 rg BT 253.64 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.93 689.25 Td (Company) Tj ET Q q 0 0 0 rg BT 310.59 689.25 Td (s ) Tj ET Q q 0 0 0 rg BT 317.55 689.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 351.44 689.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 376.72 689.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 425.33 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.73 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.01 689.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 513.96 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 546.46 689.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 81.18 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.81 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.32 677.25 Td (Company) Tj ET Q q 0 0 0 rg BT 147.98 677.25 Td (s ) Tj ET Q q 0 0 0 rg BT 154.17 677.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 187.29 677.25 Td (this ) Tj ET Q q 0 0 0 rg BT 204.03 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.76 677.25 Td (was ) Tj ET Q q 0 0 0 rg BT 253.61 677.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 294.22 677.25 Td (on ) Tj ET Q q 0 0 0 rg BT 306.51 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.03 677.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 376.09 677.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 410.59 677.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 438.99 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.07 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.58 677.25 Td (mezzanine ) Tj ET Q q 0 0 0 rg BT 508.62 677.25 Td (section ) Tj ET Q q 0 0 0 rg BT 539.24 677.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.48 665.25 Td (caption ) Tj ET Q q 0 0 0 rg BT 98.18 665.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 147.53 665.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 209.67 665.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 244.87 665.25 Td (If ) Tj ET Q q 0 0 0 rg BT 254.80 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.28 665.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 302.98 665.25 Td (had ) Tj ET Q q 0 0 0 rg BT 320.68 665.25 Td (been ) Tj ET Q q 0 0 0 rg BT 342.83 665.25 Td (redeemed, ) Tj ET Q q 0 0 0 rg BT 387.46 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.94 665.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 445.09 665.25 Td (would ) Tj ET Q q 0 0 0 rg BT 473.36 665.25 Td (have ) Tj ET Q q 0 0 0 rg BT 495.50 665.25 Td (been ) Tj ET Q q 0 0 0 rg BT 517.64 665.25 Td (required ) Tj ET Q q 0 0 0 rg BT 554.22 665.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 88.05 653.25 Td (all ) Tj ET Q q 0 0 0 rg BT 100.55 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.39 653.25 Td (such ) Tj ET Q q 0 0 0 rg BT 132.23 653.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 164.17 653.25 Td (at ) Tj ET Q q 0 0 0 rg BT 173.90 653.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 190.28 653.25 Td (value ) Tj ET Q q 0 0 0 rg BT 214.45 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 226.95 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.68 653.25 Td (date ) Tj ET Q q 0 0 0 rg BT 260.84 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.68 653.25 Td (redemption. ) Tj ET Q q 0 0 0 rg BT 322.23 653.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 344.74 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.03 653.25 Td (its ) Tj ET Q q 0 0 0 rg BT 366.99 653.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 405.03 653.25 Td (by ) Tj ET Q q 0 0 0 rg BT 417.54 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.27 653.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 473.66 653.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.17 653.25 Td (March8, ) Tj ET Q q 0 0 0 rg BT 524.78 653.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.78 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 549.79 653.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 98.58 641.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 159.95 641.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.88 641.25 Td (was ) Tj ET Q q 0 0 0 rg BT 209.93 641.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 250.74 641.25 Td (at ) Tj ET Q q 0 0 0 rg BT 260.46 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.17 641.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 305.42 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.25 641.25 Td (its ) Tj ET Q q 0 0 0 rg BT 328.19 641.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 364.01 641.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 396.50 641.25 Td (\(adjusted ) Tj ET Q q 0 0 0 rg BT 435.65 641.25 Td (for ) Tj ET Q q 0 0 0 rg BT 449.81 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.52 641.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 525.90 641.25 Td (interest) Tj ET Q q 0 0 0 rg BT 558.11 641.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.64 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.51 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.27 629.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 141.24 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.11 629.25 Td (income ) Tj ET Q q 0 0 0 rg BT 184.08 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 194.95 629.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 213.05 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.92 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.68 629.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 279.14 629.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.18 629.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 325.61 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.93 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.91 629.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 408.22 629.25 Td (from ) Tj ET Q q 0 0 0 rg BT 430.20 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.96 629.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 506.38 629.25 Td (interest\) ) Tj ET Q q 0 0 0 rg BT 541.68 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 552.55 629.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.92 617.25 Td (value ) Tj ET Q q 0 0 0 rg BT 91.62 617.25 Td (as ) Tj ET Q q 0 0 0 rg BT 103.00 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.37 617.25 Td (each ) Tj ET Q q 0 0 0 rg BT 135.73 617.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 192.08 617.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 213.61 617.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 233.88 617.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 284.70 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.52 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.78 617.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 347.14 617.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.18 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.55 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.82 617.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 455.94 617.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 517.87 617.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 550.34 617.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.47 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.51 605.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 110.64 605.25 Td (value ) Tj ET Q q 0 0 0 rg BT 134.56 605.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 156.26 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.30 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.78 605.25 Td (Company) Tj ET Q q 0 0 0 rg BT 222.44 605.25 Td (s ) Tj ET Q q 0 0 0 rg BT 228.59 605.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 266.39 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.98 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.46 605.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 323.15 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.19 605.25 Td (March ) Tj ET Q q 0 0 0 rg BT 361.55 605.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 383.81 605.25 Td (were ) Tj ET Q q 0 0 0 rg BT 405.50 605.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 442.74 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 452.78 605.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 487.24 605.25 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 525.88 605.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.58 605.25 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 62.50 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.00 593.25 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 121.92 593.25 Td (Noncontrolling ) Tj ET Q q 0 0 0 rg BT 185.52 593.25 Td (Interest ) Tj ET Q q 0 0 0 rg BT 218.01 593.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.17 593.25 Td (further ) Tj ET Q q 0 0 0 rg BT 261.88 593.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 572.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 90.29 572.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 72.42 554.25 Td (share ) Tj ET Q q 0 0 0 rg BT 95.95 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.72 554.25 Td (Class) Tj ET Q q 0 0 0 rg BT 130.33 554.25 Td (A) Tj ET Q q 0 0 0 rg BT 137.00 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 139.44 554.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.31 554.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 180.42 554.25 Td (B ) Tj ET Q q 0 0 0 rg BT 189.52 554.25 Td (common ) Tj ET Q q 0 0 0 rg BT 226.95 554.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 250.49 554.25 Td (is ) Tj ET Q q 0 0 0 rg BT 259.59 554.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 292.02 554.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.23 554.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.67 554.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.10 554.25 Td (vote. ) Tj ET Q q 0 0 0 rg BT 340.72 554.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 390.62 554.25 Td (, ) Tj ET Q q 0 0 0 rg BT 395.55 554.25 Td (each ) Tj ET Q q 0 0 0 rg BT 416.30 554.25 Td (share ) Tj ET Q q 0 0 0 rg BT 439.84 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.60 554.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 474.70 554.25 Td (B ) Tj ET Q q 0 0 0 rg BT 483.81 554.25 Td (common ) Tj ET Q q 0 0 0 rg BT 521.24 554.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 544.78 554.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.68 542.25 Td (converted ) Tj ET Q q 0 0 0 rg BT 103.34 542.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.36 542.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.80 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.04 542.25 Td (share ) Tj ET Q q 0 0 0 rg BT 153.38 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.96 542.25 Td (Class) Tj ET Q q 0 0 0 rg BT 187.57 542.25 Td (A) Tj ET Q q 0 0 0 rg BT 194.24 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.48 542.25 Td (common ) Tj ET Q q 0 0 0 rg BT 233.72 542.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 259.08 542.25 Td (As ) Tj ET Q q 0 0 0 rg BT 272.43 542.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 295.50 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.96 542.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 351.09 542.25 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.09 542.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.53 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.77 542.25 Td (share ) Tj ET Q q 0 0 0 rg BT 426.11 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.68 542.25 Td (Class) Tj ET Q q 0 0 0 rg BT 460.30 542.25 Td (A) Tj ET Q q 0 0 0 rg BT 466.97 542.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.21 542.25 Td (common ) Tj ET Q q 0 0 0 rg BT 506.44 542.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 529.79 542.25 Td (for ) Tj ET Q q 0 0 0 rg BT 543.69 542.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (share ) Tj ET Q q 0 0 0 rg BT 73.19 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.62 530.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 107.38 530.25 Td (B ) Tj ET Q q 0 0 0 rg BT 116.14 530.25 Td (common ) Tj ET Q q 0 0 0 rg BT 153.23 530.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 176.43 530.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 227.54 530.25 Td (There ) Tj ET Q q 0 0 0 rg BT 252.95 530.25 Td (are ) Tj ET Q q 0 0 0 rg BT 267.25 530.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 305.44 530.25 Td (no ) Tj ET Q q 0 0 0 rg BT 317.53 530.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 365.17 530.25 Td (distinctions ) Tj ET Q q 0 0 0 rg BT 413.38 530.25 Td (between ) Tj ET Q q 0 0 0 rg BT 448.79 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.10 530.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 487.97 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.39 530.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 529.92 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.35 530.25 Td (Class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 518.25 Td ( ) Tj ET Q q 0 0 0 rg BT 59.17 518.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 86.66 518.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.60 518.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 127.77 518.25 Td (B ) Tj ET Q q 0 0 0 rg BT 136.94 518.25 Td (shares.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (Shareholder Rights Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.75 479.25 Td (its ) Tj ET Q q 0 0 0 rg BT 89.95 479.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 139.36 479.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 164.89 479.25 Td (plan, ) Tj ET Q q 0 0 0 rg BT 187.37 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.34 479.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 243.99 479.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 271.75 479.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.94 479.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 316.69 479.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 365.57 479.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 479.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.09 479.25 Td ( ) Tj ET Q q 0 0 0 rg BT 393.85 479.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 433.24 479.25 Td (share ) Tj ET Q q 0 0 0 rg BT 457.10 479.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 495.39 479.25 Td (right ) Tj ET Q q 0 0 0 rg BT 517.04 479.25 Td (\(a ) Tj ET Q q 0 0 0 rg BT 527.57 479.25 Td (Right\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.28 467.25 Td (each ) Tj ET Q q 0 0 0 rg BT 85.21 467.25 Td (share ) Tj ET Q q 0 0 0 rg BT 108.92 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.87 467.25 Td (Class) Tj ET Q q 0 0 0 rg BT 143.49 467.25 Td (A) Tj ET Q q 0 0 0 rg BT 150.16 467.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.77 467.25 Td (common ) Tj ET Q q 0 0 0 rg BT 190.38 467.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 214.11 467.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.06 467.25 Td (Class ) Tj ET Q q 0 0 0 rg BT 249.34 467.25 Td (B ) Tj ET Q q 0 0 0 rg BT 258.63 467.25 Td (common ) Tj ET Q q 0 0 0 rg BT 296.24 467.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 319.96 467.25 Td (held ) Tj ET Q q 0 0 0 rg BT 339.80 467.25 Td (by ) Tj ET Q q 0 0 0 rg BT 352.41 467.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 405.57 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.51 467.25 Td (record ) Tj ET Q q 0 0 0 rg BT 444.67 467.25 Td (as ) Tj ET Q q 0 0 0 rg BT 455.61 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.56 467.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.39 467.25 Td (close ) Tj ET Q q 0 0 0 rg BT 504.55 467.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.50 467.25 Td (business ) Tj ET Q q 0 0 0 rg BT 552.01 467.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.25 Td (April4, ) Tj ET Q q 0 0 0 rg BT 82.46 455.25 Td (2006. ) Tj ET Q q 0 0 0 rg BT 106.21 455.25 Td (The ) Tj ET Q q 0 0 0 rg BT 123.10 455.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 150.57 455.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 189.12 455.25 Td (become ) Tj ET Q q 0 0 0 rg BT 221.57 455.25 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 267.89 455.25 Td (if ) Tj ET Q q 0 0 0 rg BT 275.34 455.25 Td (a ) Tj ET Q q 0 0 0 rg BT 281.13 455.25 Td (person ) Tj ET Q q 0 0 0 rg BT 309.14 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 318.82 455.25 Td (group ) Tj ET Q q 0 0 0 rg BT 343.50 455.25 Td (has ) Tj ET Q q 0 0 0 rg BT 358.18 455.25 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.95 455.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.28 455.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.63 455.25 Td (or ) Tj ET Q q 0 0 0 rg BT 423.31 455.25 Td (more ) Tj ET Q q 0 0 0 rg BT 445.21 455.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.88 455.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.45 455.25 Td (Company) Tj ET Q q 0 0 0 rg BT 510.12 455.25 Td (s ) Tj ET Q q 0 0 0 rg BT 515.36 455.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.25 Td (common ) Tj ET Q q 0 0 0 rg BT 87.71 443.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.52 443.25 Td (or ) Tj ET Q q 0 0 0 rg BT 122.56 443.25 Td (announces ) Tj ET Q q 0 0 0 rg BT 167.48 443.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.63 443.25 Td (tender ) Tj ET Q q 0 0 0 rg BT 202.32 443.25 Td (of) Tj ET Q q 0 0 0 rg BT 210.47 443.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 224.28 443.25 Td (or ) Tj ET Q q 0 0 0 rg BT 235.32 443.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 275.79 443.25 Td (of) Tj ET Q q 0 0 0 rg BT 283.94 443.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 297.74 443.25 Td (which, ) Tj ET Q q 0 0 0 rg BT 327.39 443.25 Td (if ) Tj ET Q q 0 0 0 rg BT 336.21 443.25 Td (consummated, ) Tj ET Q q 0 0 0 rg BT 396.96 443.25 Td (would ) Tj ET Q q 0 0 0 rg BT 424.67 443.25 Td (result ) Tj ET Q q 0 0 0 rg BT 449.60 443.25 Td (in ) Tj ET Q q 0 0 0 rg BT 460.09 443.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 504.46 443.25 Td (by ) Tj ET Q q 0 0 0 rg BT 517.17 443.25 Td (a ) Tj ET Q q 0 0 0 rg BT 524.32 443.25 Td (person ) Tj ET Q q 0 0 0 rg BT 553.69 443.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (group ) Tj ET Q q 0 0 0 rg BT 76.22 431.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.43 431.25 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.76 431.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.65 431.25 Td (or ) Tj ET Q q 0 0 0 rg BT 119.86 431.25 Td (more ) Tj ET Q q 0 0 0 rg BT 143.30 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.51 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.61 431.25 Td (Company) Tj ET Q q 0 0 0 rg BT 211.28 431.25 Td (s ) Tj ET Q q 0 0 0 rg BT 218.06 431.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 267.61 431.25 Td (common ) Tj ET Q q 0 0 0 rg BT 305.49 431.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 329.48 431.25 Td (\(Acquiring ) Tj ET Q q 0 0 0 rg BT 380.68 431.25 Td (Person\). ) Tj ET Q q 0 0 0 rg BT 421.06 431.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 443.93 431.25 Td (Right ) Tj ET Q q 0 0 0 rg BT 469.04 431.25 Td (entitles ) Tj ET Q q 0 0 0 rg BT 500.81 431.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 554.23 431.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (buy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.78 419.25 Td (one ) Tj ET Q q 0 0 0 rg BT 85.00 419.25 Td (one-thousandth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.66 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.44 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.55 419.25 Td (a ) Tj ET Q q 0 0 0 rg BT 167.77 419.25 Td (share ) Tj ET Q q 0 0 0 rg BT 191.65 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.76 419.25 Td (Series ) Tj ET Q q 0 0 0 rg BT 229.36 419.25 Td (A) Tj ET Q q 0 0 0 rg BT 236.03 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.81 419.25 Td (Participating ) Tj ET Q q 0 0 0 rg BT 292.69 419.25 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 332.67 419.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 358.23 419.25 Td (\(Series ) Tj ET Q q 0 0 0 rg BT 392.60 419.25 Td (A) Tj ET Q q 0 0 0 rg BT 399.27 419.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.05 419.25 Td (Shares\) ) Tj ET Q q 0 0 0 rg BT 439.26 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.37 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.37 419.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 507.04 419.25 Td (at ) Tj ET Q q 0 0 0 rg BT 517.04 419.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.26 419.25 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.96 407.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.26 407.25 Td ($1) Tj ET Q q 0 0 0 rg BT 93.89 407.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 407.25 Td (, ) Tj ET Q q 0 0 0 rg BT 109.37 407.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 140.66 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 151.42 407.25 Td (adjustments. ) Tj ET Q q 0 0 0 rg BT 204.66 407.25 Td (Holders ) Tj ET Q q 0 0 0 rg BT 239.30 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.60 407.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 279.69 407.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 306.54 407.25 Td (than ) Tj ET Q q 0 0 0 rg BT 326.73 407.25 Td (an ) Tj ET Q q 0 0 0 rg BT 338.49 407.25 Td (Acquiring ) Tj ET Q q 0 0 0 rg BT 382.01 407.25 Td (Person\) ) Tj ET Q q 0 0 0 rg BT 415.54 407.25 Td (are ) Tj ET Q q 0 0 0 rg BT 430.72 407.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 463.68 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.43 407.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 506.27 407.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 529.24 407.25 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (Series ) Tj ET Q q 0 0 0 rg BT 75.86 395.25 Td (A) Tj ET Q q 0 0 0 rg BT 82.53 395.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.36 395.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 115.35 395.25 Td (or ) Tj ET Q q 0 0 0 rg BT 125.51 395.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.11 395.25 Td (lieu ) Tj ET Q q 0 0 0 rg BT 151.93 395.25 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 184.58 395.25 Td (Class) Tj ET Q q 0 0 0 rg BT 208.20 395.25 Td (A) Tj ET Q q 0 0 0 rg BT 214.87 395.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.69 395.25 Td (common ) Tj ET Q q 0 0 0 rg BT 253.52 395.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.45 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.61 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.65 395.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 341.37 395.25 Td (having ) Tj ET Q q 0 0 0 rg BT 370.41 395.25 Td (a ) Tj ET Q q 0 0 0 rg BT 376.68 395.25 Td (value ) Tj ET Q q 0 0 0 rg BT 400.16 395.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.32 395.25 Td (twice ) Tj ET Q q 0 0 0 rg BT 433.80 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.85 395.25 Td (Right) Tj ET Q q 0 0 0 rg BT 472.85 395.25 Td (s ) Tj ET Q q 0 0 0 rg BT 478.57 395.25 Td (then-current ) Tj ET Q q 0 0 0 rg BT 529.26 395.25 Td (exercise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (price. ) Tj ET Q q 0 0 0 rg BT 75.03 383.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.32 383.25 Td (Series ) Tj ET Q q 0 0 0 rg BT 119.90 383.25 Td (A) Tj ET Q q 0 0 0 rg BT 126.57 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.31 383.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 158.72 383.25 Td (are ) Tj ET Q q 0 0 0 rg BT 173.67 383.25 Td (not ) Tj ET Q q 0 0 0 rg BT 189.19 383.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 238.01 383.25 Td (by ) Tj ET Q q 0 0 0 rg BT 250.76 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.72 383.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 307.35 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.53 383.25 Td (have ) Tj ET Q q 0 0 0 rg BT 346.15 383.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 374.46 383.25 Td (privileges ) Tj ET Q q 0 0 0 rg BT 416.63 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.82 383.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.76 383.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 501.50 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.68 383.25 Td (liquidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (preferences. ) Tj ET Q q 0 0 0 rg BT 100.72 371.25 Td (The ) Tj ET Q q 0 0 0 rg BT 118.58 371.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 147.01 371.25 Td (will ) Tj ET Q q 0 0 0 rg BT 164.87 371.25 Td (expire ) Tj ET Q q 0 0 0 rg BT 192.17 371.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.48 371.25 Td (March21, ) Tj ET Q q 0 0 0 rg BT 247.89 371.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.89 371.25 Td (, ) Tj ET Q q 0 0 0 rg BT 272.70 371.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 300.01 371.25 Td (such ) Tj ET Q q 0 0 0 rg BT 320.65 371.25 Td (date ) Tj ET Q q 0 0 0 rg BT 339.62 371.25 Td (is ) Tj ET Q q 0 0 0 rg BT 348.60 371.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 387.01 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 397.65 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 412.17 371.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 440.60 371.25 Td (are ) Tj ET Q q 0 0 0 rg BT 455.12 371.25 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 496.29 371.25 Td (or ) Tj ET Q q 0 0 0 rg BT 506.94 371.25 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 552.00 371.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 359.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 89.97 359.25 Td (date.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (Share Repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.33 320.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.00 320.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 147.76 320.25 Td (for ) Tj ET Q q 0 0 0 rg BT 162.20 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.20 320.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 223.29 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.40 320.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 258.29 320.25 Td (at ) Tj ET Q q 0 0 0 rg BT 268.28 320.25 Td (par ) Tj ET Q q 0 0 0 rg BT 283.83 320.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 310.16 320.25 Td (All ) Tj ET Q q 0 0 0 rg BT 325.71 320.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 353.49 320.25 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 404.57 320.25 Td (are ) Tj ET Q q 0 0 0 rg BT 419.56 320.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 453.43 320.25 Td (retired. ) Tj ET Q q 0 0 0 rg BT 484.81 320.25 Td (Upon ) Tj ET Q q 0 0 0 rg BT 509.81 320.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 553.68 320.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.86 308.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 94.99 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 308.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 151.37 308.25 Td (records ) Tj ET Q q 0 0 0 rg BT 183.44 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.30 308.25 Td (dif) Tj ET Q q 0 0 0 rg BT 209.23 308.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 241.28 308.25 Td (between ) Tj ET Q q 0 0 0 rg BT 277.24 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.10 308.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 331.39 308.25 Td (average ) Tj ET Q q 0 0 0 rg BT 365.12 308.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 383.87 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.84 308.25 Td (such ) Tj ET Q q 0 0 0 rg BT 415.81 308.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 443.44 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.52 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.37 308.25 Td (par ) Tj ET Q q 0 0 0 rg BT 490.78 308.25 Td (value ) Tj ET Q q 0 0 0 rg BT 515.08 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.05 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.91 308.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.65 296.25 Td (an ) Tj ET Q q 0 0 0 rg BT 72.41 296.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 118.62 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.72 296.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 171.03 296.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 201.67 296.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 233.15 296.25 Td (with ) Tj ET Q q 0 0 0 rg BT 253.25 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.79 296.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 296.21 296.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 333.50 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.60 296.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 378.13 296.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 414.33 296.25 Td (when ) Tj ET Q q 0 0 0 rg BT 438.31 296.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 480.62 296.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 511.27 296.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 540.24 296.25 Td (is ) Tj ET Q q 0 0 0 rg BT 549.23 296.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 284.25 Td (ficient.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (Revenue Recognition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.19 245.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.71 245.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 155.10 245.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 189.39 245.25 Td (when ) Tj ET Q q 0 0 0 rg BT 213.68 245.25 Td (it ) Tj ET Q q 0 0 0 rg BT 221.88 245.25 Td (has ) Tj ET Q q 0 0 0 rg BT 237.85 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.92 245.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 279.76 245.25 Td (or ) Tj ET Q q 0 0 0 rg BT 290.73 245.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 328.91 245.25 Td (order ) Tj ET Q q 0 0 0 rg BT 352.64 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 374.72 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 381.80 245.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 421.09 245.25 Td (with ) Tj ET Q q 0 0 0 rg BT 441.51 245.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.58 245.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 471.77 245.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 496.89 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.75 245.25 Td (title ) Tj ET Q q 0 0 0 rg BT 529.94 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 547.01 245.25 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.71 233.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.64 233.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 114.56 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.71 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.30 233.25 Td (buyer ) Tj ET Q q 0 0 0 rg BT 167.45 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.26 233.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 239.18 233.25 Td (is ) Tj ET Q q 0 0 0 rg BT 249.22 233.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 295.91 233.25 Td (assured. ) Tj ET Q q 0 0 0 rg BT 331.53 233.25 Td (T) Tj ET Q q 0 0 0 rg BT 337.29 233.25 Td (itle ) Tj ET Q q 0 0 0 rg BT 353.44 233.25 Td (for ) Tj ET Q q 0 0 0 rg BT 368.48 233.25 Td (both ) Tj ET Q q 0 0 0 rg BT 389.63 233.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 426.87 233.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 452.46 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.27 233.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 505.86 233.25 Td (steel ) Tj ET Q q 0 0 0 rg BT 527.56 233.25 Td (products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 87.34 221.25 Td (based ) Tj ET Q q 0 0 0 rg BT 113.02 221.25 Td (on ) Tj ET Q q 0 0 0 rg BT 125.93 221.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 161.05 221.25 Td (terms. ) Tj ET Q q 0 0 0 rg BT 188.03 221.25 Td (A) Tj ET Q q 0 0 0 rg BT 194.70 221.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.61 221.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 242.74 221.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 274.54 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.78 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.91 221.25 Td (Company) Tj ET Q q 0 0 0 rg BT 342.57 221.25 Td (s ) Tj ET Q q 0 0 0 rg BT 349.37 221.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 380.61 221.25 Td (export ) Tj ET Q q 0 0 0 rg BT 409.06 221.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 431.41 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.66 221.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 479.43 221.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 504.55 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 519.67 221.25 Td (made ) Tj ET Q q 0 0 0 rg BT 544.24 221.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 76.77 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.43 209.25 Td (credit, ) Tj ET Q q 0 0 0 rg BT 115.03 209.25 Td (reducing ) Tj ET Q q 0 0 0 rg BT 152.35 209.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 177.45 209.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 197.29 209.25 Td (However) Tj ET Q q 0 0 0 rg BT 233.54 209.25 Td (, ) Tj ET Q q 0 0 0 rg BT 238.37 209.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 276.81 209.25 Td (recycled ) Tj ET Q q 0 0 0 rg BT 313.01 209.25 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 343.67 209.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 368.21 209.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 392.49 209.25 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 438.14 209.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 459.92 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.69 209.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 498.47 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.13 209.25 Td (finished ) Tj ET Q q 0 0 0 rg BT 543.68 209.25 Td (steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.28 197.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 103.56 197.25 Td (made ) Tj ET Q q 0 0 0 rg BT 127.29 197.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.37 197.25 Td (open ) Tj ET Q q 0 0 0 rg BT 160.89 197.25 Td (account. ) Tj ET Q q 0 0 0 rg BT 196.56 197.25 Td (Nonferrous ) Tj ET Q q 0 0 0 rg BT 244.18 197.25 Td (export ) Tj ET Q q 0 0 0 rg BT 271.80 197.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 293.31 197.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 330.38 197.25 Td (require ) Tj ET Q q 0 0 0 rg BT 360.77 197.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.29 197.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 398.25 197.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 419.77 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.62 197.25 Td (shipment. ) Tj ET Q q 0 0 0 rg BT 470.40 197.25 Td (All ) Tj ET Q q 0 0 0 rg BT 485.26 197.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 506.77 197.25 Td (made ) Tj ET Q q 0 0 0 rg BT 530.51 197.25 Td (on ) Tj ET Q q 0 0 0 rg BT 542.58 197.25 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (account ) Tj ET Q q 0 0 0 rg BT 83.54 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 98.20 185.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 138.95 185.25 Td (for ) Tj ET Q q 0 0 0 rg BT 153.06 185.25 Td (collectibility ) Tj ET Q q 0 0 0 rg BT 206.05 185.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 227.94 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.16 185.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.26 185.25 Td (recognition. ) Tj ET Q q 0 0 0 rg BT 322.21 185.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 372.11 185.25 Td (, ) Tj ET Q q 0 0 0 rg BT 377.06 185.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.72 185.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 433.06 185.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 478.26 185.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 516.24 185.25 Td (on ) Tj ET Q q 0 0 0 rg BT 528.69 185.25 Td (partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (loaded ) Tj ET Q q 0 0 0 rg BT 79.08 173.25 Td (shipments ) Tj ET Q q 0 0 0 rg BT 122.07 173.25 Td (when ) Tj ET Q q 0 0 0 rg BT 146.16 173.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 180.24 173.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 225.99 173.25 Td (support ) Tj ET Q q 0 0 0 rg BT 258.42 173.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 292.49 173.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 340.46 173.25 Td (based ) Tj ET Q q 0 0 0 rg BT 365.66 173.25 Td (on ) Tj ET Q q 0 0 0 rg BT 378.09 173.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 411.05 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.81 173.25 Td (title ) Tj ET Q q 0 0 0 rg BT 439.79 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.66 173.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 474.08 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.84 173.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 505.16 173.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 173.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 80.41 161.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 114.69 161.25 Td (net ) Tj ET Q q 0 0 0 rg BT 129.55 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.52 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.37 161.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 196.34 161.25 Td (made ) Tj ET Q q 0 0 0 rg BT 220.63 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.05 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.91 161.25 Td (supplier ) Tj ET Q q 0 0 0 rg BT 280.76 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.73 161.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 315.47 161.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 340.32 161.25 Td (when ) Tj ET Q q 0 0 0 rg BT 364.62 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.48 161.25 Td (supplier) Tj ET Q q 0 0 0 rg BT 411.29 161.25 Td (, ) Tj ET Q q 0 0 0 rg BT 416.43 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.51 161.25 Td (not ) Tj ET Q q 0 0 0 rg BT 448.93 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.78 161.25 Td (Company) Tj ET Q q 0 0 0 rg BT 502.02 161.25 Td (, ) Tj ET Q q 0 0 0 rg BT 507.16 161.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.47 161.25 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.62 149.25 Td (fulfillment, ) Tj ET Q q 0 0 0 rg BT 112.85 149.25 Td (including ) Tj ET Q q 0 0 0 rg BT 153.58 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.76 149.25 Td (acceptability ) Tj ET Q q 0 0 0 rg BT 222.81 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.10 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.27 149.25 Td (products ) Tj ET Q q 0 0 0 rg BT 286.67 149.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 330.17 149.25 Td (by ) Tj ET Q q 0 0 0 rg BT 343.13 149.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.31 149.25 Td (customer) Tj ET Q q 0 0 0 rg BT 394.41 149.25 Td (. ) Tj ET Q q 0 0 0 rg BT 399.87 149.25 Td (For ) Tj ET Q q 0 0 0 rg BT 416.07 149.25 Td (APB, ) Tj ET Q q 0 0 0 rg BT 440.98 149.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 464.49 149.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 502.98 149.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.15 149.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (when ) Tj ET Q q 0 0 0 rg BT 74.77 137.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 118.42 137.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 135.97 137.25 Td (for ) Tj ET Q q 0 0 0 rg BT 150.74 137.25 Td (parts, ) Tj ET Q q 0 0 0 rg BT 175.78 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 193.33 137.25 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 236.42 137.25 Td (product ) Tj ET Q q 0 0 0 rg BT 270.08 137.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 308.72 137.25 Td (are ) Tj ET Q q 0 0 0 rg BT 324.04 137.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 371.01 137.25 Td (when ) Tj ET Q q 0 0 0 rg BT 395.78 137.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 435.54 137.25 Td (weight ) Tj ET Q q 0 0 0 rg BT 465.86 137.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 512.83 137.25 Td (are ) Tj ET Q q 0 0 0 rg BT 528.14 137.25 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (following ) Tj ET Q q 0 0 0 rg BT 91.60 125.25 Td (shipments. ) Tj ET Q q 0 0 0 rg BT 137.37 125.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 183.93 125.25 Td (, ) Tj ET Q q 0 0 0 rg BT 189.15 125.25 Td (there ) Tj ET Q q 0 0 0 rg BT 211.85 125.25 Td (have ) Tj ET Q q 0 0 0 rg BT 233.44 125.25 Td (been ) Tj ET Q q 0 0 0 rg BT 255.03 125.25 Td (very ) Tj ET Q q 0 0 0 rg BT 275.51 125.25 Td (few ) Tj ET Q q 0 0 0 rg BT 293.21 125.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 315.37 125.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 345.85 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.00 125.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 413.49 125.25 Td (that ) Tj ET Q q 0 0 0 rg BT 431.20 125.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 461.12 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.05 125.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 511.54 125.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 553.68 125.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (revenues; ) Tj ET Q q 0 0 0 rg BT 90.67 113.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 131.61 113.25 Td (no ) Tj ET Q q 0 0 0 rg BT 143.96 113.25 Td (material ) Tj ET Q q 0 0 0 rg BT 179.07 113.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 223.10 113.25 Td (have ) Tj ET Q q 0 0 0 rg BT 244.33 113.25 Td (been ) Tj ET Q q 0 0 0 rg BT 265.56 113.25 Td (made ) Tj ET Q q 0 0 0 rg BT 289.57 113.25 Td (when ) Tj ET Q q 0 0 0 rg BT 313.58 113.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 335.37 113.25 Td (are ) Tj ET Q q 0 0 0 rg BT 349.93 113.25 Td (recognized.) Tj ET Q q 0 0 0 rg BT 398.61 113.25 Td (The ) Tj ET Q q 0 0 0 rg BT 416.51 113.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 457.75 113.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 492.88 113.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 515.78 113.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 552.01 113.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 107.15 101.25 Td (authorities ) Tj ET Q q 0 0 0 rg BT 151.53 101.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 189.79 101.25 Td (from ) Tj ET Q q 0 0 0 rg BT 211.39 101.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 254.11 101.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.27 101.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.88 101.25 Td (net ) Tj ET Q q 0 0 0 rg BT 287.27 101.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 311.78 101.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 355.86 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.24 101.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 392.96 101.25 Td (are ) Tj ET Q q 0 0 0 rg BT 407.33 101.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 445.60 101.25 Td (from ) Tj ET Q q 0 0 0 rg BT 467.20 101.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 504.91 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.51 101.25 Td (are ) Tj ET Q q 0 0 0 rg BT 535.89 101.25 Td (shown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 89.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.77 89.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 101.38 89.25 Td (on ) Tj ET Q q 0 0 0 rg BT 113.88 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.59 89.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 183.87 89.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 218.57 89.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 247.18 89.25 Td (until ) Tj ET Q q 0 0 0 rg BT 268.01 89.25 Td (remitted.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (61) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Freight Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.74 713.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.81 713.25 Td (classifies ) Tj ET Q q 0 0 0 rg BT 147.66 713.25 Td (shipping ) Tj ET Q q 0 0 0 rg BT 184.29 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.92 713.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 238.10 713.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 260.29 713.25 Td (billed ) Tj ET Q q 0 0 0 rg BT 285.26 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.22 713.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 337.96 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 348.48 713.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 382.31 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.94 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.35 713.25 Td (related ) Tj ET Q q 0 0 0 rg BT 442.74 713.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 464.93 713.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 500.43 713.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.95 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 517.58 713.25 Td (component ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 701.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 79.44 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.27 701.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 116.66 701.25 Td (sold.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 680.25 Td (Share-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.88 662.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.09 662.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 157.17 662.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 216.05 662.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 235.48 662.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 269.35 662.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.46 662.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 330.99 662.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 368.75 662.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 419.84 662.25 Td (with ) Tj ET Q q 0 0 0 rg BT 440.95 662.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 487.04 662.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.81 662.25 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.62 650.25 Td (over ) Tj ET Q q 0 0 0 rg BT 108.03 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 650.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 154.40 650.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 185.08 650.25 Td (with ) Tj ET Q q 0 0 0 rg BT 205.50 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.35 650.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 239.09 650.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 280.04 650.25 Td (based ) Tj ET Q q 0 0 0 rg BT 305.45 650.25 Td (on ) Tj ET Q q 0 0 0 rg BT 318.08 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.94 650.25 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 376.11 650.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 392.62 650.25 Td (value ) Tj ET Q q 0 0 0 rg BT 416.91 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.88 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.73 650.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 470.36 650.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 519.66 650.25 Td (issued, ) Tj ET Q q 0 0 0 rg BT 549.79 650.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 638.25 Td (an ) Tj ET Q q 0 0 0 rg BT 72.77 638.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 113.59 638.25 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 153.84 638.25 Td (rate. ) Tj ET Q q 0 0 0 rg BT 173.83 638.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.77 638.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 212.71 638.25 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.71 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.21 638.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.71 638.25 Td (Share-Based ) Tj ET Q q 0 0 0 rg BT 285.74 638.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 346.02 638.25 Td (for ) Tj ET Q q 0 0 0 rg BT 360.18 638.25 Td (further ) Tj ET Q q 0 0 0 rg BT 389.88 638.25 Td (detail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.92 617.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.17 617.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 157.29 617.25 Td (service ) Tj ET Q q 0 0 0 rg BT 188.98 617.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 208.45 617.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 242.36 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.51 617.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 304.07 617.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 341.88 617.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 393.01 617.25 Td (with ) Tj ET Q q 0 0 0 rg BT 414.15 617.25 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 478.62 617.25 Td (that ) Tj ET Q q 0 0 0 rg BT 496.98 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 512.55 617.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 553.69 617.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 78.35 605.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 128.37 605.25 Td (based ) Tj ET Q q 0 0 0 rg BT 154.50 605.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.86 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.43 605.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.66 605.25 Td (value ) Tj ET Q q 0 0 0 rg BT 225.68 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.36 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.94 605.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 281.29 605.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 331.31 605.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 359.67 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.80 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.38 605.25 Td (period ) Tj ET Q q 0 0 0 rg BT 415.28 605.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.42 605.25 Td (which ) Tj ET Q q 0 0 0 rg BT 454.21 605.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 508.09 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.78 605.25 Td (services ) Tj ET Q q 0 0 0 rg BT 555.34 605.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (complete, ) Tj ET Q q 0 0 0 rg BT 91.18 593.25 Td (all ) Tj ET Q q 0 0 0 rg BT 103.21 593.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 155.77 593.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 199.47 593.25 Td (have ) Tj ET Q q 0 0 0 rg BT 220.38 593.25 Td (been ) Tj ET Q q 0 0 0 rg BT 241.29 593.25 Td (met ) Tj ET Q q 0 0 0 rg BT 258.32 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 274.79 593.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.26 593.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 328.85 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.66 593.25 Td (compensate ) Tj ET Q q 0 0 0 rg BT 387.90 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.15 593.25 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 461.38 593.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 488.69 593.25 Td (which ) Tj ET Q q 0 0 0 rg BT 515.17 593.25 Td (may ) Tj ET Q q 0 0 0 rg BT 534.42 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 544.78 593.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 581.25 Td (align ) Tj ET Q q 0 0 0 rg BT 87.77 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 108.05 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.77 581.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 151.38 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.21 581.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 184.15 581.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 215.53 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.36 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.08 581.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 268.57 581.25 Td (instruments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 560.25 Td (Income T) Tj ET Q q 0 0 0 rg BT 88.80 560.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 82.81 542.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 106.19 542.25 Td (are ) Tj ET Q q 0 0 0 rg BT 121.23 542.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 164.59 542.25 Td (for ) Tj ET Q q 0 0 0 rg BT 179.08 542.25 Td (using ) Tj ET Q q 0 0 0 rg BT 203.58 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.63 542.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 240.89 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.16 542.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 292.10 542.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 327.22 542.25 Td (This ) Tj ET Q q 0 0 0 rg BT 347.83 542.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 382.86 542.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.91 542.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 446.28 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.44 542.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 480.82 542.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 519.74 542.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 553.67 542.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.25 Td (refundable ) Tj ET Q q 0 0 0 rg BT 95.30 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.28 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.04 530.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 175.13 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.00 530.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 221.85 530.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.61 530.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 262.49 530.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.47 530.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 319.23 530.25 Td (for ) Tj ET Q q 0 0 0 rg BT 333.43 530.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.19 530.25 Td (future ) Tj ET Q q 0 0 0 rg BT 374.61 530.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.38 530.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 446.89 530.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.77 530.25 Td (events ) Tj ET Q q 0 0 0 rg BT 485.86 530.25 Td (that ) Tj ET Q q 0 0 0 rg BT 503.40 530.25 Td (are ) Tj ET Q q 0 0 0 rg BT 518.15 530.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.98 518.25 Td (one ) Tj ET Q q 0 0 0 rg BT 76.62 518.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 115.48 518.25 Td (period ) Tj ET Q q 0 0 0 rg BT 143.22 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 155.42 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.84 518.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 224.82 518.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.23 518.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 310.31 518.25 Td (but ) Tj ET Q q 0 0 0 rg BT 325.29 518.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.27 518.25 Td (a ) Tj ET Q q 0 0 0 rg BT 341.91 518.25 Td (dif) Tj ET Q q 0 0 0 rg BT 352.84 518.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 378.36 518.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 417.21 518.25 Td (period ) Tj ET Q q 0 0 0 rg BT 444.96 518.25 Td (on ) Tj ET Q q 0 0 0 rg BT 457.16 518.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.58 518.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.00 518.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 518.31 518.25 Td (T) Tj ET Q q 0 0 0 rg BT 523.72 518.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 535.36 518.25 Td (credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (are ) Tj ET Q q 0 0 0 rg BT 65.29 506.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 112.23 506.25 Td (as ) Tj ET Q q 0 0 0 rg BT 123.64 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 131.16 506.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 172.01 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.42 506.25 Td (income ) Tj ET Q q 0 0 0 rg BT 215.93 506.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 231.23 506.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 266.52 506.25 Td (in ) Tj ET Q q 0 0 0 rg BT 277.38 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.68 506.25 Td (year ) Tj ET Q q 0 0 0 rg BT 312.96 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.26 506.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 354.11 506.25 Td (arises. ) Tj ET Q q 0 0 0 rg BT 382.23 506.25 Td (V) Tj ET Q q 0 0 0 rg BT 388.35 506.25 Td (aluation ) Tj ET Q q 0 0 0 rg BT 423.64 506.25 Td (allowances ) Tj ET Q q 0 0 0 rg BT 471.14 506.25 Td (are ) Tj ET Q q 0 0 0 rg BT 486.43 506.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 524.49 506.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.35 506.25 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 86.01 494.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 100.94 494.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.97 494.25 Td (when ) Tj ET Q q 0 0 0 rg BT 151.34 494.25 Td (it ) Tj ET Q q 0 0 0 rg BT 159.60 494.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.98 494.25 Td (more ) Tj ET Q q 0 0 0 rg BT 192.23 494.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 217.71 494.25 Td (than ) Tj ET Q q 0 0 0 rg BT 237.64 494.25 Td (not ) Tj ET Q q 0 0 0 rg BT 253.12 494.25 Td (that ) Tj ET Q q 0 0 0 rg BT 270.82 494.25 Td (a ) Tj ET Q q 0 0 0 rg BT 277.97 494.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.89 494.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 323.36 494.25 Td (will ) Tj ET Q q 0 0 0 rg BT 341.62 494.25 Td (not ) Tj ET Q q 0 0 0 rg BT 357.11 494.25 Td (be ) Tj ET Q q 0 0 0 rg BT 369.25 494.25 Td (realized. ) Tj ET Q q 0 0 0 rg BT 405.90 494.25 Td (T) Tj ET Q q 0 0 0 rg BT 411.31 494.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 423.46 494.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 457.82 494.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 487.75 494.25 Td (from ) Tj ET Q q 0 0 0 rg BT 509.89 494.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 549.80 494.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 88.73 482.25 Td (are ) Tj ET Q q 0 0 0 rg BT 103.55 482.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 150.03 482.25 Td (when ) Tj ET Q q 0 0 0 rg BT 174.31 482.25 Td (it ) Tj ET Q q 0 0 0 rg BT 182.48 482.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.76 482.25 Td (more ) Tj ET Q q 0 0 0 rg BT 214.92 482.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 240.31 482.25 Td (than ) Tj ET Q q 0 0 0 rg BT 260.14 482.25 Td (not ) Tj ET Q q 0 0 0 rg BT 275.54 482.25 Td (that ) Tj ET Q q 0 0 0 rg BT 293.15 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.98 482.25 Td (position ) Tj ET Q q 0 0 0 rg BT 342.82 482.25 Td (will ) Tj ET Q q 0 0 0 rg BT 360.99 482.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.04 482.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 412.88 482.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 435.49 482.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 487.53 482.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.15 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.98 482.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 549.80 482.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 97.09 470.25 Td (The ) Tj ET Q q 0 0 0 rg BT 115.19 470.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 147.74 470.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 194.17 470.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.50 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.28 470.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 256.82 470.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 301.59 470.25 Td (is ) Tj ET Q q 0 0 0 rg BT 310.82 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.59 470.25 Td (lar) Tj ET Q q 0 0 0 rg BT 335.96 470.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 354.62 470.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 387.18 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.07 470.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 412.84 470.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 443.16 470.25 Td (that ) Tj ET Q q 0 0 0 rg BT 460.72 470.25 Td (is ) Tj ET Q q 0 0 0 rg BT 469.95 470.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 500.26 470.25 Td (than ) Tj ET Q q 0 0 0 rg BT 520.03 470.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 532.59 470.25 Td (percent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 75.31 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.17 458.25 Td (being ) Tj ET Q q 0 0 0 rg BT 110.93 458.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 145.10 458.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 167.64 458.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 202.94 458.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 246.58 458.25 Td (with ) Tj ET Q q 0 0 0 rg BT 266.89 458.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.87 458.25 Td (taxing ) Tj ET Q q 0 0 0 rg BT 301.40 458.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 340.04 458.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.57 458.25 Td (has ) Tj ET Q q 0 0 0 rg BT 373.43 458.25 Td (full ) Tj ET Q q 0 0 0 rg BT 389.85 458.25 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 436.27 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.13 458.25 Td (all ) Tj ET Q q 0 0 0 rg BT 459.66 458.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 494.40 458.25 Td (information. ) Tj ET Q q 0 0 0 rg BT 546.47 458.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.01 446.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 135.89 446.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 167.45 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.02 446.25 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 224.19 446.25 Td (if ) Tj ET Q q 0 0 0 rg BT 232.42 446.25 Td (any) Tj ET Q q 0 0 0 rg BT 246.21 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 250.84 446.25 Td (related ) Tj ET Q q 0 0 0 rg BT 280.17 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.07 446.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 329.40 446.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 343.74 446.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 381.99 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.89 446.25 Td (income ) Tj ET Q q 0 0 0 rg BT 423.45 446.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 437.80 446.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 474.63 446.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.19 446.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 512.76 446.25 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.76 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.89 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.01 446.25 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 434.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 75.68 434.25 Td (for ) Tj ET Q q 0 0 0 rg BT 89.84 434.25 Td (further ) Tj ET Q q 0 0 0 rg BT 119.55 434.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (Net Income \(Loss\) per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 74.74 395.25 Td (net ) Tj ET Q q 0 0 0 rg BT 89.48 395.25 Td (income ) Tj ET Q q 0 0 0 rg BT 121.44 395.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 146.18 395.25 Td (per ) Tj ET Q q 0 0 0 rg BT 161.47 395.25 Td (share ) Tj ET Q q 0 0 0 rg BT 185.10 395.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 233.16 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.46 395.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 260.44 395.25 Td (is ) Tj ET Q q 0 0 0 rg BT 269.63 395.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 311.59 395.25 Td (by ) Tj ET Q q 0 0 0 rg BT 324.11 395.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 359.97 395.25 Td (net ) Tj ET Q q 0 0 0 rg BT 374.71 395.25 Td (income ) Tj ET Q q 0 0 0 rg BT 406.67 395.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 431.41 395.25 Td (by ) Tj ET Q q 0 0 0 rg BT 443.93 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.67 395.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 497.85 395.25 Td (average ) Tj ET Q q 0 0 0 rg BT 531.46 395.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.93 383.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 110.19 383.25 Td (common ) Tj ET Q q 0 0 0 rg BT 147.79 383.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.38 383.25 Td (during ) Tj ET Q q 0 0 0 rg BT 204.08 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.90 383.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 250.94 383.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 291.85 383.25 Td (including ) Tj ET Q q 0 0 0 rg BT 332.23 383.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 360.37 383.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.28 383.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 419.98 383.25 Td (units ) Tj ET Q q 0 0 0 rg BT 442.03 383.25 Td (\(DSUs\) ) Tj ET Q q 0 0 0 rg BT 484.06 383.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.10 383.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 540.90 383.25 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (units ) Tj ET Q q 0 0 0 rg BT 71.18 371.25 Td (\(RSUs\). ) Tj ET Q q 0 0 0 rg BT 114.29 371.25 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 146.02 371.25 Td (net ) Tj ET Q q 0 0 0 rg BT 159.97 371.25 Td (income ) Tj ET Q q 0 0 0 rg BT 191.13 371.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 215.08 371.25 Td (per ) Tj ET Q q 0 0 0 rg BT 229.58 371.25 Td (share ) Tj ET Q q 0 0 0 rg BT 252.41 371.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 299.68 371.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.19 371.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 325.37 371.25 Td (is ) Tj ET Q q 0 0 0 rg BT 333.77 371.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 374.94 371.25 Td (by ) Tj ET Q q 0 0 0 rg BT 386.67 371.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 421.74 371.25 Td (net ) Tj ET Q q 0 0 0 rg BT 435.68 371.25 Td (income ) Tj ET Q q 0 0 0 rg BT 466.85 371.25 Td (by ) Tj ET Q q 0 0 0 rg BT 478.58 371.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.53 371.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 530.91 371.25 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (number ) Tj ET Q q 0 0 0 rg BT 83.32 359.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.42 359.25 Td (common ) Tj ET Q q 0 0 0 rg BT 132.18 359.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 159.94 359.25 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 211.88 359.25 Td (assuming ) Tj ET Q q 0 0 0 rg BT 252.43 359.25 Td (dilution. ) Tj ET Q q 0 0 0 rg BT 288.81 359.25 Td (Potentially ) Tj ET Q q 0 0 0 rg BT 334.91 359.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 368.23 359.25 Td (common ) Tj ET Q q 0 0 0 rg BT 406.00 359.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 433.76 359.25 Td (include ) Tj ET Q q 0 0 0 rg BT 465.96 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.95 359.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 518.16 359.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 553.68 359.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.50 347.25 Td (options ) Tj ET Q q 0 0 0 rg BT 105.34 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.17 347.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 159.00 347.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 190.28 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.01 347.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 253.92 347.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 283.80 347.25 Td (DSU ) Tj ET Q q 0 0 0 rg BT 306.20 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.03 347.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 344.88 347.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 375.59 347.25 Td (using ) Tj ET Q q 0 0 0 rg BT 399.65 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.26 347.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 448.86 347.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 472.36 347.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 507.25 347.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 539.08 347.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 347.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 335.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.39 335.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.33 335.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 154.11 335.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 179.29 335.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.56 335.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 247.92 335.25 Td (share ) Tj ET Q q 0 0 0 rg BT 270.85 335.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 301.01 335.25 Td (were ) Tj ET Q q 0 0 0 rg BT 322.27 335.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 360.20 335.25 Td (from ) Tj ET Q q 0 0 0 rg BT 381.47 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.52 335.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 441.22 335.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.38 335.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 480.99 335.25 Td (net ) Tj ET Q q 0 0 0 rg BT 495.04 335.25 Td (income ) Tj ET Q q 0 0 0 rg BT 526.31 335.25 Td (per ) Tj ET Q q 0 0 0 rg BT 540.91 335.25 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (because ) Tj ET Q q 0 0 0 rg BT 85.00 323.25 Td (they ) Tj ET Q q 0 0 0 rg BT 105.57 323.25 Td (were ) Tj ET Q q 0 0 0 rg BT 128.35 323.25 Td (antidilutive; ) Tj ET Q q 0 0 0 rg BT 180.02 323.25 Td (however) Tj ET Q q 0 0 0 rg BT 214.05 323.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.90 323.25 Td (these ) Tj ET Q q 0 0 0 rg BT 243.80 323.25 Td (options ) Tj ET Q q 0 0 0 rg BT 276.60 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.39 323.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 326.07 323.25 Td (could ) Tj ET Q q 0 0 0 rg BT 351.64 323.25 Td (be ) Tj ET Q q 0 0 0 rg BT 364.43 323.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 398.33 323.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.46 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.03 323.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 454.76 323.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 472.55 323.25 Td (income ) Tj ET Q q 0 0 0 rg BT 505.33 323.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 554.22 323.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 111.10 311.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 146.64 311.25 Td (is ) Tj ET Q q 0 0 0 rg BT 155.53 311.25 Td (deducted ) Tj ET Q q 0 0 0 rg BT 193.84 311.25 Td (from ) Tj ET Q q 0 0 0 rg BT 215.49 311.25 Td (income ) Tj ET Q q 0 0 0 rg BT 247.14 311.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 271.58 311.25 Td (from ) Tj ET Q q 0 0 0 rg BT 293.24 311.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 338.23 311.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 382.10 311.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.09 311.25 Td (arrive ) Tj ET Q q 0 0 0 rg BT 417.63 311.25 Td (at ) Tj ET Q q 0 0 0 rg BT 427.06 311.25 Td (net ) Tj ET Q q 0 0 0 rg BT 441.49 311.25 Td (income ) Tj ET Q q 0 0 0 rg BT 473.14 311.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 497.58 311.25 Td (from ) Tj ET Q q 0 0 0 rg BT 519.24 311.25 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.39 299.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 142.65 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 153.16 299.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 170.35 299.25 Td (for ) Tj ET Q q 0 0 0 rg BT 184.74 299.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 223.02 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 234.08 299.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 280.68 299.25 Td (net ) Tj ET Q q 0 0 0 rg BT 295.63 299.25 Td (income ) Tj ET Q q 0 0 0 rg BT 327.79 299.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 352.75 299.25 Td (per ) Tj ET Q q 0 0 0 rg BT 368.25 299.25 Td (share ) Tj ET Q q 0 0 0 rg BT 392.07 299.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 440.34 299.25 Td (to ) Tj ET Q q 0 0 0 rg BT 450.85 299.25 Td (SSI. ) Tj ET Q q 0 0 0 rg BT 470.54 299.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 503.25 299.25 Td (per ) Tj ET Q q 0 0 0 rg BT 518.75 299.25 Td (share ) Tj ET Q q 0 0 0 rg BT 542.58 299.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 103.79 287.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 148.14 287.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 196.36 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.83 287.25 Td (SSI ) Tj ET Q q 0 0 0 rg BT 223.97 287.25 Td (is ) Tj ET Q q 0 0 0 rg BT 233.33 287.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 274.34 287.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 317.56 287.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.03 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.93 287.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 398.40 287.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 444.97 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 455.99 287.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 505.05 287.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.18 287.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 544.31 287.25 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.31 287.25 Td ( ) Tj ET Q q 0 0 0 rg BT 557.00 287.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.94 275.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 99.42 275.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 127.48 275.25 Td (Per ) Tj ET Q q 0 0 0 rg BT 143.31 275.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 168.57 275.25 Td (for ) Tj ET Q q 0 0 0 rg BT 182.73 275.25 Td (further ) Tj ET Q q 0 0 0 rg BT 212.44 275.25 Td (detail.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.33 236.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 114.64 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.76 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.75 236.25 Td (Company) Tj ET Q q 0 0 0 rg BT 180.42 236.25 Td (s ) Tj ET Q q 0 0 0 rg BT 186.09 236.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 240.65 236.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 279.64 236.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 325.31 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.87 236.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 381.61 236.25 Td (with ) Tj ET Q q 0 0 0 rg BT 401.17 236.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 440.16 236.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 476.91 236.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 522.56 236.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.03 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.51 224.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.55 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.63 224.25 Td (America ) Tj ET Q q 0 0 0 rg BT 141.31 224.25 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 169.12 224.25 Td (GAAP\) ) Tj ET Q q 0 0 0 rg BT 206.37 224.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 240.83 224.25 Td (management ) Tj ET Q q 0 0 0 rg BT 294.18 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 304.21 224.25 Td (make ) Tj ET Q q 0 0 0 rg BT 328.13 224.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 367.59 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.29 224.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 435.99 224.25 Td (that ) Tj ET Q q 0 0 0 rg BT 453.24 224.25 Td (af) Tj ET Q q 0 0 0 rg BT 460.83 224.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 478.07 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.54 224.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 528.12 224.25 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 212.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 86.21 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.92 212.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 142.42 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 159.13 212.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 201.95 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.56 212.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 257.05 212.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 282.65 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.37 212.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 338.86 212.25 Td (at ) Tj ET Q q 0 0 0 rg BT 348.35 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.84 212.25 Td (date ) Tj ET Q q 0 0 0 rg BT 381.77 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.38 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.87 212.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 461.92 212.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 501.41 212.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 547.56 212.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 84.57 200.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.71 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.30 200.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 162.20 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.89 200.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 215.24 200.25 Td (during ) Tj ET Q q 0 0 0 rg BT 242.61 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.08 200.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 293.99 200.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 323.29 200.25 Td (Examples ) Tj ET Q q 0 0 0 rg BT 363.98 200.25 Td (include ) Tj ET Q q 0 0 0 rg BT 394.67 200.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 433.13 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.72 200.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 467.30 200.25 Td (received ) Tj ET Q q 0 0 0 rg BT 502.42 200.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.46 200.25 Td (acquisitions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.33 188.25 Td (recognition; ) Tj ET Q q 0 0 0 rg BT 133.33 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.23 188.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 189.44 188.25 Td (for ) Tj ET Q q 0 0 0 rg BT 202.79 188.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 238.35 188.25 Td (accounts; ) Tj ET Q q 0 0 0 rg BT 277.80 188.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 316.69 188.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.71 188.25 Td (contingencies, ) Tj ET Q q 0 0 0 rg BT 385.87 188.25 Td (including ) Tj ET Q q 0 0 0 rg BT 425.32 188.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 484.77 188.25 Td (liabilities; ) Tj ET Q q 0 0 0 rg BT 526.44 188.25 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.02 176.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 109.60 176.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 131.62 176.25 Td (valuation; ) Tj ET Q q 0 0 0 rg BT 174.20 176.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 214.00 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.91 176.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 275.27 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 285.63 176.25 Td (joint ) Tj ET Q q 0 0 0 rg BT 306.56 176.25 Td (venture ) Tj ET Q q 0 0 0 rg BT 339.13 176.25 Td (partnerships; ) Tj ET Q q 0 0 0 rg BT 393.37 176.25 Td (other ) Tj ET Q q 0 0 0 rg BT 416.50 176.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 438.52 176.25 Td (valuation; ) Tj ET Q q 0 0 0 rg BT 481.10 176.25 Td (inventory ) Tj ET Q q 0 0 0 rg BT 522.01 176.25 Td (valuation; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 98.56 164.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 159.92 164.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.83 164.25 Td (valuation; ) Tj ET Q q 0 0 0 rg BT 234.29 164.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 267.88 164.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 287.57 164.25 Td (assumptions; ) Tj ET Q q 0 0 0 rg BT 342.28 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.19 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.89 164.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 420.80 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.61 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.30 164.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 485.99 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.80 164.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 532.58 164.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 73.05 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.99 152.25 Td (income ) Tj ET Q q 0 0 0 rg BT 121.92 152.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 136.64 152.25 Td (contingencies. ) Tj ET Q q 0 0 0 rg BT 196.06 152.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 225.22 152.25 Td (results ) Tj ET Q q 0 0 0 rg BT 253.83 152.25 Td (may ) Tj ET Q q 0 0 0 rg BT 273.54 152.25 Td (dif) Tj ET Q q 0 0 0 rg BT 284.47 152.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 298.07 152.25 Td (from ) Tj ET Q q 0 0 0 rg BT 320.01 152.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 360.83 152.25 Td (amounts.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 131.25 Td (Concentration of Credit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.27 113.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 137.98 113.25 Td (that ) Tj ET Q q 0 0 0 rg BT 155.03 113.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 199.85 113.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 230.23 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.50 113.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 285.44 113.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.27 113.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 339.54 113.25 Td (concentration ) Tj ET Q q 0 0 0 rg BT 396.01 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.39 113.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 431.21 113.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 448.26 113.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 478.10 113.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 517.36 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.74 113.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 547.57 113.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.26 101.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 118.79 101.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 155.26 101.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 197.83 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.75 101.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 236.35 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.28 101.25 Td (other ) Tj ET Q q 0 0 0 rg BT 274.31 101.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 320.22 101.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 366.68 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.61 101.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 424.08 101.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.54 101.25 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 511.09 101.25 Td (The ) Tj ET Q q 0 0 0 rg BT 528.12 101.25 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 89.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 80.35 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.92 89.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 116.82 89.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 164.49 89.25 Td (are ) Tj ET Q q 0 0 0 rg BT 178.82 89.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 225.38 89.25 Td (with ) Tj ET Q q 0 0 0 rg BT 245.29 89.25 Td (two ) Tj ET Q q 0 0 0 rg BT 262.41 89.25 Td (major ) Tj ET Q q 0 0 0 rg BT 287.87 89.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 324.97 89.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 371.56 89.25 Td (\(Bank ) Tj ET Q q 0 0 0 rg BT 398.12 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.11 89.25 Td (America ) Tj ET Q q 0 0 0 rg BT 444.66 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.07 89.25 Td (W) Tj ET Q q 0 0 0 rg BT 469.71 89.25 Td (ells ) Tj ET Q q 0 0 0 rg BT 485.73 89.25 Td (Far) Tj ET Q q 0 0 0 rg BT 498.88 89.25 Td (go ) Tj ET Q q 0 0 0 rg BT 511.00 89.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 536.74 89.25 Td (N.A.\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (Balances ) Tj ET Q q 0 0 0 rg BT 87.97 77.25 Td (with ) Tj ET Q q 0 0 0 rg BT 107.63 77.25 Td (these ) Tj ET Q q 0 0 0 rg BT 130.05 77.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 176.38 77.25 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 215.45 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.55 77.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 261.41 77.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 294.39 77.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 335.14 77.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 385.34 77.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 416.66 77.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 448.53 77.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.74 77.25 Td ($250,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.24 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.12 77.25 Td (as ) Tj ET Q q 0 0 0 rg BT 508.32 77.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.12 77.25 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 65.25 Td (. ) Tj ET Q q 0 0 0 rg BT 74.65 65.25 Td (Concentration ) Tj ET Q q 0 0 0 rg BT 133.46 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.94 65.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 168.86 65.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 186.01 65.25 Td (with ) Tj ET Q q 0 0 0 rg BT 205.94 65.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 236.41 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.34 65.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 283.48 65.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 326.71 65.25 Td (is ) Tj ET Q q 0 0 0 rg BT 335.54 65.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 366.02 65.25 Td (because ) Tj ET Q q 0 0 0 rg BT 399.82 65.25 Td (a ) Tj ET Q q 0 0 0 rg BT 406.41 65.25 Td (lar) Tj ET Q q 0 0 0 rg BT 416.78 65.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 428.37 65.25 Td (number ) Tj ET Q q 0 0 0 rg BT 461.07 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.55 65.25 Td (geographically ) Tj ET Q q 0 0 0 rg BT 533.13 65.25 Td (diverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 92.49 53.25 Td (make ) Tj ET Q q 0 0 0 rg BT 116.10 53.25 Td (up ) Tj ET Q q 0 0 0 rg BT 128.04 53.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.21 53.25 Td (Company) Tj ET Q q 0 0 0 rg BT 183.87 53.25 Td (s ) Tj ET Q q 0 0 0 rg BT 189.71 53.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 228.31 53.25 Td (base. ) Tj ET Q q 0 0 0 rg BT 250.39 53.25 Td (The ) Tj ET Q q 0 0 0 rg BT 267.88 53.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 308.72 53.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 342.88 53.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 367.59 53.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 384.54 53.25 Td (through ) Tj ET Q q 0 0 0 rg BT 417.60 53.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 442.31 53.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 485.63 53.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 510.34 53.25 Td (limits, ) Tj ET Q q 0 0 0 rg BT 537.57 53.25 Td (letters ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (62) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.08 731.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 84.60 731.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.68 731.10 Td (other ) Tj ET Q q 0 0 0 rg BT 116.98 731.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 158.43 731.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 177.95 731.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 212.49 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.68 731.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 274.87 731.10 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 322.87 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 340.17 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.81 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.23 731.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 423.75 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.28 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.47 731.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 472.88 731.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 497.40 731.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 514.15 731.10 Td (with ) Tj ET Q q 0 0 0 rg BT 533.68 731.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.85 719.10 Td (open ) Tj ET Q q 0 0 0 rg BT 83.36 719.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 110.87 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.28 719.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 148.11 719.10 Td (by ) Tj ET Q q 0 0 0 rg BT 161.19 719.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 187.59 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.99 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.28 719.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 259.03 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.43 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.72 719.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 314.89 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.29 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.81 719.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 356.32 719.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 398.28 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.79 719.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 429.41 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.81 719.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 468.93 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.55 719.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 529.51 719.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.02 719.10 Td ($74 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.80 707.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.15 707.10 Td ($94 ) Tj ET Q q 0 0 0 rg BT 114.06 707.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.96 707.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.87 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.11 707.10 Td (open ) Tj ET Q q 0 0 0 rg BT 176.46 707.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 202.81 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.05 707.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 237.72 707.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.96 707.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.78 707.10 Td (August ) Tj ET Q q 0 0 0 rg BT 288.59 707.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.00 707.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 324.91 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.26 707.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.26 707.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.67 707.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 413.33 707.10 Td (. ) Tj ET Q q 0 0 0 rg BT 417.61 707.10 Td (The ) Tj ET Q q 0 0 0 rg BT 435.06 707.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 493.62 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.31 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 707.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.48 695.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 129.96 695.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 179.13 695.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.83 695.10 Td (major ) Tj ET Q q 0 0 0 rg BT 219.66 695.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 257.14 695.10 Td (institutions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (Discontinued Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.27 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.43 656.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 103.82 656.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 135.07 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.35 656.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 170.95 656.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 196.39 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.55 656.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 253.38 656.10 Td (released ) Tj ET Q q 0 0 0 rg BT 289.08 656.10 Td (an ) Tj ET Q q 0 0 0 rg BT 301.46 656.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 362.16 656.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 396.21 656.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 440.25 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 460.97 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.35 656.10 Td (component ) Tj ET Q q 0 0 0 rg BT 515.73 656.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 553.67 656.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (through ) Tj ET Q q 0 0 0 rg BT 83.56 644.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 101.55 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.78 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.66 644.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 140.55 644.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 170.87 644.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.86 644.10 Td (release ) Tj ET Q q 0 0 0 rg BT 219.06 644.10 Td (was ) Tj ET Q q 0 0 0 rg BT 237.06 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.73 644.10 Td (result ) Tj ET Q q 0 0 0 rg BT 276.39 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.17 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.06 644.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 329.27 644.10 Td (review ) Tj ET Q q 0 0 0 rg BT 358.92 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.70 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.36 644.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 431.39 644.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 467.16 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.94 644.10 Td (future ) Tj ET Q q 0 0 0 rg BT 504.26 644.10 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 99.66 632.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.56 632.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 164.55 632.10 Td (with ) Tj ET Q q 0 0 0 rg BT 184.23 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.34 632.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 235.24 632.10 Td (sites, ) Tj ET Q q 0 0 0 rg BT 257.42 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.98 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 297.32 632.10 Td (it ) Tj ET Q q 0 0 0 rg BT 304.78 632.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 327.77 632.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 384.12 632.10 Td (based ) Tj ET Q q 0 0 0 rg BT 408.78 632.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.68 632.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 467.00 632.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 516.80 632.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.24 632.10 Td (release ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.86 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.84 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.48 620.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 123.90 620.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.43 620.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 148.63 620.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.52 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.23 620.10 Td (net ) Tj ET Q q 0 0 0 rg BT 198.64 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.18 620.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.60 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.13 620.10 Td (less ) Tj ET Q q 0 0 0 rg BT 255.33 620.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.75 620.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 288.95 620.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.84 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.54 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 351.19 620.10 Td (was ) Tj ET Q q 0 0 0 rg BT 369.94 620.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 410.91 620.10 Td (within ) Tj ET Q q 0 0 0 rg BT 439.66 620.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 493.97 620.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 538.83 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.81 620.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.80 608.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 150.71 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.07 608.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 209.48 608.10 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 270.94 608.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 310.18 608.10 Td (related ) Tj ET Q q 0 0 0 rg BT 339.41 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.22 608.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 402.35 608.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 446.04 608.10 Td (were ) Tj ET Q q 0 0 0 rg BT 467.49 608.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 512.84 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.20 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.11 608.10 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 596.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 87.50 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.44 596.10 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (Note 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 572.10 Td ( Recent ) Tj ET Q q 0 0 0 rg BT 118.87 572.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 180.63 572.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.63 551.10 Td (July ) Tj ET Q q 0 0 0 rg BT 79.60 551.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 104.41 551.10 Td (an ) Tj ET Q q 0 0 0 rg BT 116.15 551.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 162.32 551.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 198.50 551.10 Td (update ) Tj ET Q q 0 0 0 rg BT 227.46 551.10 Td (was ) Tj ET Q q 0 0 0 rg BT 245.31 551.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 272.61 551.10 Td (that ) Tj ET Q q 0 0 0 rg BT 289.91 551.10 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 324.42 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.94 551.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 376.22 551.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 416.84 551.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 468.02 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.65 551.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 508.15 551.10 Td (unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.46 539.10 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 100.70 539.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.48 539.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 171.27 539.10 Td (require ) Tj ET Q q 0 0 0 rg BT 201.83 539.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.07 539.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.75 539.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 286.85 539.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 301.31 539.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 331.32 539.10 Td (be ) Tj ET Q q 0 0 0 rg BT 343.00 539.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 383.56 539.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.13 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.81 539.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 440.82 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.84 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 457.52 539.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 493.07 539.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 507.53 539.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 529.21 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 543.11 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 549.79 539.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.80 527.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 107.41 527.10 Td (carryforward, ) Tj ET Q q 0 0 0 rg BT 164.14 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 170.62 527.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 200.43 527.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 214.69 527.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 234.79 527.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.16 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.64 527.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 265.90 527.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 290.70 527.10 Td (carryforward, ) Tj ET Q q 0 0 0 rg BT 347.43 527.10 Td (except ) Tj ET Q q 0 0 0 rg BT 375.57 527.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.39 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.64 527.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 426.12 527.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.15 527.10 Td (such ) Tj ET Q q 0 0 0 rg BT 463.53 527.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 521.65 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.13 527.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.11 515.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.80 515.10 Td (available ) Tj ET Q q 0 0 0 rg BT 119.80 515.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.92 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.05 515.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 184.61 515.10 Td (date ) Tj ET Q q 0 0 0 rg BT 204.17 515.10 Td (under ) Tj ET Q q 0 0 0 rg BT 229.85 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.97 515.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 260.10 515.10 Td (law ) Tj ET Q q 0 0 0 rg BT 277.44 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.68 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.81 515.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 347.80 515.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 396.26 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.95 515.10 Td (settle ) Tj ET Q q 0 0 0 rg BT 430.96 515.10 Td (any ) Tj ET Q q 0 0 0 rg BT 448.31 515.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 491.20 515.10 Td (income ) Tj ET Q q 0 0 0 rg BT 523.54 515.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 547.00 515.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.12 503.10 Td (result ) Tj ET Q q 0 0 0 rg BT 101.46 503.10 Td (from ) Tj ET Q q 0 0 0 rg BT 123.02 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.36 503.10 Td (disallowance ) Tj ET Q q 0 0 0 rg BT 191.68 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.13 503.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.69 503.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.03 503.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 259.88 503.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.33 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.67 503.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.01 503.10 Td (law ) Tj ET Q q 0 0 0 rg BT 315.57 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.02 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.36 503.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 383.57 503.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 431.24 503.10 Td (does ) Tj ET Q q 0 0 0 rg BT 451.69 503.10 Td (not ) Tj ET Q q 0 0 0 rg BT 466.59 503.10 Td (require ) Tj ET Q q 0 0 0 rg BT 497.03 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.37 503.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 536.26 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.16 503.10 Td (use, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.14 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.05 491.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 107.53 491.10 Td (does ) Tj ET Q q 0 0 0 rg BT 128.56 491.10 Td (not ) Tj ET Q q 0 0 0 rg BT 144.03 491.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 171.73 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.21 491.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 200.73 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.65 491.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 251.66 491.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 266.57 491.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 288.71 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.07 491.10 Td (such ) Tj ET Q q 0 0 0 rg BT 324.10 491.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 360.96 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.43 491.10 Td (which ) Tj ET Q q 0 0 0 rg BT 398.57 491.10 Td (case ) Tj ET Q q 0 0 0 rg BT 418.48 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.39 491.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 489.96 491.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.87 491.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 535.33 491.10 Td (should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.06 479.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 103.01 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.41 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.25 479.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.86 479.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 210.70 479.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.65 479.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.72 479.10 Td (liability) Tj ET Q q 0 0 0 rg BT 259.18 479.10 Td (. ) Tj ET Q q 0 0 0 rg BT 264.11 479.10 Td (The ) Tj ET Q q 0 0 0 rg BT 282.29 479.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 318.79 479.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.08 479.10 Td (ef) Tj ET Q q 0 0 0 rg BT 335.67 479.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 365.50 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.79 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.63 479.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.14 479.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 478.76 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.17 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.01 479.10 Td (first ) Tj ET Q q 0 0 0 rg BT 522.74 479.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 553.69 479.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 75.21 467.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 101.25 467.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 127.03 467.10 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 168.07 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.84 467.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 221.26 467.10 Td (will ) Tj ET Q q 0 0 0 rg BT 240.37 467.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 271.13 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.90 467.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 339.32 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.20 467.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 381.95 467.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 439.37 467.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 455.13 467.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 490.34 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.67 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.43 467.10 Td (Company's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 455.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 136.07 455.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 159.12 455.10 Td (with ) Tj ET Q q 0 0 0 rg BT 179.40 455.10 Td (no ) Tj ET Q q 0 0 0 rg BT 191.90 455.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 221.61 455.10 Td (on ) Tj ET Q q 0 0 0 rg BT 234.11 455.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.06 455.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 299.10 455.10 Td (results ) Tj ET Q q 0 0 0 rg BT 327.71 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.54 455.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 382.70 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.63 455.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 419.90 455.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 447.12 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.91 434.10 Td (April ) Tj ET Q q 0 0 0 rg BT 85.32 434.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 111.12 434.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.87 434.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 171.04 434.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 208.22 434.10 Td (update ) Tj ET Q q 0 0 0 rg BT 238.18 434.10 Td (was ) Tj ET Q q 0 0 0 rg BT 257.04 434.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 285.35 434.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.65 434.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 337.50 434.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.02 434.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 408.53 434.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.49 434.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 463.45 434.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 517.86 434.10 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.38 422.10 Td (may ) Tj ET Q q 0 0 0 rg BT 95.53 422.10 Td (include ) Tj ET Q q 0 0 0 rg BT 126.90 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.28 422.10 Td (component ) Tj ET Q q 0 0 0 rg BT 179.65 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.92 422.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.30 422.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 226.01 422.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.28 422.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.66 422.10 Td (group ) Tj ET Q q 0 0 0 rg BT 267.92 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.19 422.10 Td (components ) Tj ET Q q 0 0 0 rg BT 328.46 422.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.73 422.10 Td (an ) Tj ET Q q 0 0 0 rg BT 350.10 422.10 Td (entity) Tj ET Q q 0 0 0 rg BT 372.23 422.10 Td (. ) Tj ET Q q 0 0 0 rg BT 376.52 422.10 Td (The ) Tj ET Q q 0 0 0 rg BT 394.01 422.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 446.49 422.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 467.32 422.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 520.36 422.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.78 410.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.67 410.10 Td (disposals ) Tj ET Q q 0 0 0 rg BT 137.47 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.92 410.10 Td (components ) Tj ET Q q 0 0 0 rg BT 198.36 410.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.81 410.10 Td (an ) Tj ET Q q 0 0 0 rg BT 220.37 410.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 245.27 410.10 Td (that ) Tj ET Q q 0 0 0 rg BT 262.38 410.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 301.15 410.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 337.14 410.10 Td (shifts ) Tj ET Q q 0 0 0 rg BT 360.93 410.10 Td (that ) Tj ET Q q 0 0 0 rg BT 378.05 410.10 Td (have, ) Tj ET Q q 0 0 0 rg BT 401.54 410.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.99 410.10 Td (will ) Tj ET Q q 0 0 0 rg BT 429.67 410.10 Td (have, ) Tj ET Q q 0 0 0 rg BT 453.17 410.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.73 410.10 Td (major ) Tj ET Q q 0 0 0 rg BT 485.17 410.10 Td (ef) Tj ET Q q 0 0 0 rg BT 492.76 410.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 509.87 410.10 Td (on ) Tj ET Q q 0 0 0 rg BT 521.99 410.10 Td (an ) Tj ET Q q 0 0 0 rg BT 533.55 410.10 Td (entity's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.87 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.52 398.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.71 398.10 Td (results. ) Tj ET Q q 0 0 0 rg BT 178.37 398.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.12 398.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 248.88 398.10 Td (require ) Tj ET Q q 0 0 0 rg BT 279.40 398.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 319.93 398.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 362.69 398.10 Td (about ) Tj ET Q q 0 0 0 rg BT 387.12 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.54 398.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 429.58 398.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 471.51 398.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 509.26 398.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.91 398.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.90 386.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 116.57 386.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 164.29 386.10 Td (Further) Tj ET Q q 0 0 0 rg BT 193.32 386.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.39 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.17 386.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 269.28 386.10 Td (require ) Tj ET Q q 0 0 0 rg BT 301.16 386.10 Td (an ) Tj ET Q q 0 0 0 rg BT 314.17 386.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 340.51 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.85 386.10 Td (disclose ) Tj ET Q q 0 0 0 rg BT 387.63 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.42 386.10 Td (pretax ) Tj ET Q q 0 0 0 rg BT 431.97 386.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 457.75 386.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.65 386.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 488.77 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.67 386.10 Td (an ) Tj ET Q q 0 0 0 rg BT 513.67 386.10 Td (individually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 93.84 374.10 Td (component ) Tj ET Q q 0 0 0 rg BT 139.91 374.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.54 374.10 Td (is ) Tj ET Q q 0 0 0 rg BT 164.84 374.10 Td (being ) Tj ET Q q 0 0 0 rg BT 188.69 374.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 225.32 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.28 374.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.91 374.10 Td (does ) Tj ET Q q 0 0 0 rg BT 271.87 374.10 Td (not ) Tj ET Q q 0 0 0 rg BT 286.28 374.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 316.24 374.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.53 374.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 382.27 374.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 425.56 374.10 Td (reporting. ) Tj ET Q q 0 0 0 rg BT 466.23 374.10 Td (The ) Tj ET Q q 0 0 0 rg BT 483.41 374.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 518.92 374.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.22 374.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.81 374.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.59 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.74 362.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 121.56 362.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.93 362.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.53 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.24 362.10 Td (be ) Tj ET Q q 0 0 0 rg BT 171.61 362.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 203.98 362.10 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 260.78 362.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.49 362.10 Td (all ) Tj ET Q q 0 0 0 rg BT 284.42 362.10 Td (disposals ) Tj ET Q q 0 0 0 rg BT 324.02 362.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.29 362.10 Td (classifications ) Tj ET Q q 0 0 0 rg BT 394.87 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.13 362.10 Td (held ) Tj ET Q q 0 0 0 rg BT 426.28 362.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.87 362.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 459.35 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.61 362.10 Td (components ) Tj ET Q q 0 0 0 rg BT 521.87 362.10 Td (that ) Tj ET Q q 0 0 0 rg BT 539.80 362.10 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 92.29 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.35 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.86 350.10 Td (first ) Tj ET Q q 0 0 0 rg BT 135.26 350.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 165.86 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.48 350.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 200.43 350.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 225.22 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.95 350.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 273.12 350.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 304.85 350.10 Td (within ) Tj ET Q q 0 0 0 rg BT 332.70 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 349.98 350.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 373.93 350.10 Td (year) Tj ET Q q 0 0 0 rg BT 390.73 350.10 Td (, ) Tj ET Q q 0 0 0 rg BT 395.52 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.25 350.10 Td (all ) Tj ET Q q 0 0 0 rg BT 424.54 350.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 469.05 350.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 488.83 350.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.12 350.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 549.79 350.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 90.08 338.10 Td (as ) Tj ET Q q 0 0 0 rg BT 100.74 338.10 Td (held ) Tj ET Q q 0 0 0 rg BT 120.27 338.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.25 338.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 152.12 338.10 Td (that ) Tj ET Q q 0 0 0 rg BT 169.44 338.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 193.97 338.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 236.28 338.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.38 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.92 338.10 Td (first ) Tj ET Q q 0 0 0 rg BT 279.35 338.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 309.98 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.63 338.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 344.61 338.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 369.43 338.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.19 338.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 417.39 338.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 449.15 338.10 Td (within ) Tj ET Q q 0 0 0 rg BT 477.03 338.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.35 338.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 518.32 338.10 Td (year) Tj ET Q q 0 0 0 rg BT 534.98 338.10 Td (. ) Tj ET Q q 0 0 0 rg BT 539.80 338.10 Td (Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (adoption, ) Tj ET Q q 0 0 0 rg BT 90.00 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.71 326.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 141.09 326.10 Td (will ) Tj ET Q q 0 0 0 rg BT 159.15 326.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 188.86 326.10 Td (how ) Tj ET Q q 0 0 0 rg BT 208.58 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.30 326.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.68 326.10 Td (assesses ) Tj ET Q q 0 0 0 rg BT 299.96 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.89 326.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 347.16 326.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 400.77 326.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.58 305.10 Td (May ) Tj ET Q q 0 0 0 rg BT 83.16 305.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 108.91 305.10 Td (an ) Tj ET Q q 0 0 0 rg BT 121.60 305.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 168.73 305.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 205.85 305.10 Td (update ) Tj ET Q q 0 0 0 rg BT 235.76 305.10 Td (was ) Tj ET Q q 0 0 0 rg BT 254.56 305.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 282.81 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 301.06 305.10 Td (clarifies ) Tj ET Q q 0 0 0 rg BT 336.51 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.98 305.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 394.67 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.58 305.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 460.03 305.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 497.19 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 515.99 305.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 555.33 305.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 92.89 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.47 293.10 Td (all ) Tj ET Q q 0 0 0 rg BT 114.27 293.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 152.17 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 171.75 293.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 214.10 293.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 256.44 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.57 293.10 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 335.58 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.71 293.10 Td (transaction-specific ) Tj ET Q q 0 0 0 rg BT 425.81 293.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 442.60 293.10 Td (patterns. ) Tj ET Q q 0 0 0 rg BT 478.56 293.10 Td (Further) Tj ET Q q 0 0 0 rg BT 507.60 293.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.90 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.92 293.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 84.65 281.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 125.42 281.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 172.30 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.52 281.10 Td (help ) Tj ET Q q 0 0 0 rg BT 202.19 281.10 Td (users ) Tj ET Q q 0 0 0 rg BT 225.18 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.95 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.38 281.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 318.03 281.10 Td (better ) Tj ET Q q 0 0 0 rg BT 343.24 281.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 389.56 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.22 281.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 434.15 281.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 469.09 281.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 500.15 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.03 281.10 Td (uncertainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.12 269.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 95.56 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 113.35 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 122.82 269.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 171.77 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 190.11 269.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 226.79 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.25 269.10 Td (ef) Tj ET Q q 0 0 0 rg BT 243.84 269.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 273.83 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.29 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.30 269.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.98 269.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 387.77 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.34 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.35 269.10 Td (first ) Tj ET Q q 0 0 0 rg BT 432.26 269.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 463.37 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.49 269.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 498.94 269.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 524.24 269.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 81.43 257.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 113.42 257.10 Td (within ) Tj ET Q q 0 0 0 rg BT 141.53 257.10 Td (that ) Tj ET Q q 0 0 0 rg BT 159.08 257.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 183.28 257.10 Td (year) Tj ET Q q 0 0 0 rg BT 199.94 257.10 Td (. ) Tj ET Q q 0 0 0 rg BT 204.99 257.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 229.20 257.10 Td (application ) Tj ET Q q 0 0 0 rg BT 276.18 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 285.40 257.10 Td (not ) Tj ET Q q 0 0 0 rg BT 300.73 257.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 344.10 257.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 368.87 257.10 Td (becoming ) Tj ET Q q 0 0 0 rg BT 410.86 257.10 Td (ef) Tj ET Q q 0 0 0 rg BT 418.44 257.10 Td (fective, ) Tj ET Q q 0 0 0 rg BT 450.70 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.47 257.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 506.90 257.10 Td (will ) Tj ET Q q 0 0 0 rg BT 525.01 257.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 549.78 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 103.51 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.25 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.44 245.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 164.06 245.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 200.90 245.10 Td (either ) Tj ET Q q 0 0 0 rg BT 226.63 245.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 289.02 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.76 245.10 Td (each ) Tj ET Q q 0 0 0 rg BT 321.04 245.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 343.45 245.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 383.07 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 411.58 245.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 455.36 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.66 245.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 529.05 245.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 245.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 97.15 233.10 Td (ef) Tj ET Q q 0 0 0 rg BT 104.74 233.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 122.44 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.49 233.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 167.32 233.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 205.03 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.97 233.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 258.78 233.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 305.37 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.30 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.24 233.10 Td (date ) Tj ET Q q 0 0 0 rg BT 349.61 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.66 233.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 386.71 233.10 Td (application. ) Tj ET Q q 0 0 0 rg BT 436.17 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 454.43 233.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 496.04 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.43 233.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 549.80 233.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.71 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.54 221.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 128.04 221.10 Td (this ) Tj ET Q q 0 0 0 rg BT 144.99 221.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 181.36 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.86 221.10 Td (its ) Tj ET Q q 0 0 0 rg BT 205.81 221.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 258.85 221.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.33 221.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 333.56 221.10 Td (results ) Tj ET Q q 0 0 0 rg BT 362.17 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.00 221.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 417.15 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.09 221.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 454.36 221.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.96 197.10 Td (June ) Tj ET Q q 0 0 0 rg BT 81.92 197.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 107.05 197.10 Td (an ) Tj ET Q q 0 0 0 rg BT 119.11 197.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 165.61 197.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 202.12 197.10 Td (update ) Tj ET Q q 0 0 0 rg BT 231.40 197.10 Td (was ) Tj ET Q q 0 0 0 rg BT 249.58 197.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 277.21 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.83 197.10 Td (resolves ) Tj ET Q q 0 0 0 rg BT 330.23 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.08 197.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 376.58 197.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 423.08 197.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 463.47 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 477.76 197.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 527.58 197.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 81.08 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.83 185.10 Td (require ) Tj ET Q q 0 0 0 rg BT 129.90 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.09 185.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 170.94 185.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 224.22 185.10 Td (tar) Tj ET Q q 0 0 0 rg BT 234.59 185.10 Td (get ) Tj ET Q q 0 0 0 rg BT 249.56 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.10 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 272.29 185.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 310.58 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.12 185.10 Td (order ) Tj ET Q q 0 0 0 rg BT 344.97 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.39 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.36 185.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 405.44 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.97 185.10 Td (vest. ) Tj ET Q q 0 0 0 rg BT 437.14 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 455.44 185.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 508.74 185.10 Td (require ) Tj ET Q q 0 0 0 rg BT 539.81 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 557.56 185.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.32 173.10 Td (tar) Tj ET Q q 0 0 0 rg BT 113.69 173.10 Td (get ) Tj ET Q q 0 0 0 rg BT 128.70 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 146.50 173.10 Td (af) Tj ET Q q 0 0 0 rg BT 154.09 173.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 175.76 173.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 207.45 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.69 173.10 Td (that ) Tj ET Q q 0 0 0 rg BT 242.48 173.10 Td (could ) Tj ET Q q 0 0 0 rg BT 267.50 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 279.73 173.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 318.07 173.10 Td (after ) Tj ET Q q 0 0 0 rg BT 339.18 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.20 173.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 391.43 173.10 Td (service ) Tj ET Q q 0 0 0 rg BT 422.54 173.10 Td (period ) Tj ET Q q 0 0 0 rg BT 450.89 173.10 Td (be ) Tj ET Q q 0 0 0 rg BT 463.13 173.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 493.13 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 504.26 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.50 173.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 93.32 161.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 142.65 161.10 Td (, ) Tj ET Q q 0 0 0 rg BT 149.06 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.18 161.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 219.61 161.10 Td (tar) Tj ET Q q 0 0 0 rg BT 229.97 161.10 Td (get ) Tj ET Q q 0 0 0 rg BT 246.09 161.10 Td (should ) Tj ET Q q 0 0 0 rg BT 276.67 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 293.35 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 306.69 161.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 345.57 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.25 161.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 402.82 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.94 161.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 463.38 161.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.16 161.10 Td (value ) Tj ET Q q 0 0 0 rg BT 506.72 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.95 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.08 161.10 Td (award. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.09 149.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 128.52 149.10 Td (should ) Tj ET Q q 0 0 0 rg BT 157.50 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.26 149.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 215.44 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.53 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.07 149.10 Td (period ) Tj ET Q q 0 0 0 rg BT 267.93 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.02 149.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.78 149.10 Td (it ) Tj ET Q q 0 0 0 rg BT 312.65 149.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 349.96 149.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 387.26 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.57 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.10 149.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 471.94 149.10 Td (tar) Tj ET Q q 0 0 0 rg BT 482.31 149.10 Td (get ) Tj ET Q q 0 0 0 rg BT 496.84 149.10 Td (will ) Tj ET Q q 0 0 0 rg BT 514.72 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.47 149.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 137.10 Td (should ) Tj ET Q q 0 0 0 rg BT 98.36 137.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 138.63 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.47 137.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 213.64 137.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 233.37 137.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 282.53 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.93 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.77 137.10 Td (period\(s\) ) Tj ET Q q 0 0 0 rg BT 349.50 137.10 Td (during ) Tj ET Q q 0 0 0 rg BT 379.23 137.10 Td (which ) Tj ET Q q 0 0 0 rg BT 407.29 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.13 137.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 461.19 137.10 Td (service ) Tj ET Q q 0 0 0 rg BT 493.13 137.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.09 137.10 Td (already ) Tj ET Q q 0 0 0 rg BT 543.14 137.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (rendered. ) Tj ET Q q 0 0 0 rg BT 89.45 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 107.13 125.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 143.14 125.10 Td (is ) Tj ET Q q 0 0 0 rg BT 151.95 125.10 Td (ef) Tj ET Q q 0 0 0 rg BT 159.53 125.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 188.87 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.66 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.01 125.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.03 125.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 300.16 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.07 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.42 125.10 Td (first ) Tj ET Q q 0 0 0 rg BT 342.66 125.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 373.11 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.57 125.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 407.36 125.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 431.84 125.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.52 125.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 490.54 125.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 522.66 125.10 Td (no ) Tj ET Q q 0 0 0 rg BT 534.79 125.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.70 113.10 Td (adopting ) Tj ET Q q 0 0 0 rg BT 108.96 113.10 Td (this ) Tj ET Q q 0 0 0 rg BT 125.67 113.10 Td (standard, ) Tj ET Q q 0 0 0 rg BT 164.31 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 174.90 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.38 113.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.53 113.10 Td (already ) Tj ET Q q 0 0 0 rg BT 262.22 113.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 299.47 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 313.39 113.10 Td (this ) Tj ET Q q 0 0 0 rg BT 330.10 113.10 Td (type ) Tj ET Q q 0 0 0 rg BT 349.58 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.18 113.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 409.64 113.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 446.34 113.10 Td (award ) Tj ET Q q 0 0 0 rg BT 473.03 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.07 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.77 113.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 522.02 113.10 Td (consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 101.10 Td (amendments.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (63) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Note 4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 731.25 Td ( Inventories, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.25 Td (Inventories, net consisted of the following as of ) Tj ET Q q 0 0 0 rg BT 241.96 710.25 Td (August31 \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 685.75 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 685.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 685.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 685.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 655.75 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 655.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 655.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 655.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.75 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 625.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 625.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 625.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 685.75 m 488 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 685.75 m 562 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 685.75 m 488 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 685.75 m 562 685.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 625.75 m 488 625.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 625.75 m 562 625.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 610.75 m 488 610.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 610.75 m 562 610.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 690.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.50 690.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 676.32 Td (Processed and unprocessed scrap metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 675.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 675.42 Td (106,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 675.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 675.42 Td (132,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 661.32 Td (Semi-finished goods \(billets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 660.42 Td (12,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 660.42 Td (10,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 646.32 Td (Finished goods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 645.42 Td (59,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 645.42 Td (56,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.32 Td (Supplies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 630.42 Td (37,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 630.42 Td (35,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 616.32 Td (Inventories, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 615.42 Td (216,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 615.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 615.42 Td (236,049) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (Note 5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 584.25 Td ( Pr) Tj ET Q q 0 0 0 rg BT 97.36 584.25 Td (operty) Tj ET Q q 0 0 0 rg BT 124.57 584.25 Td (, Plant and Equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.25 Td (Property) Tj ET Q q 0 0 0 rg BT 83.29 563.25 Td (, plant and equipment, net consisted of the following as of ) Tj ET Q q 0 0 0 rg BT 317.41 563.25 Td (August31 \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 539.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 539.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 539.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 539.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 511.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 511.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 511.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 511.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 483.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 483.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 483.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 483.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 455.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 455.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 455.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 455.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 427.75 368.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 427.75 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 427.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 427.75 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 539.75 m 488 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 539.75 m 562 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 539.75 m 488 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 455.75 m 488 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 455.75 m 562 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 427.75 m 488 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 427.75 m 562 427.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 413.75 m 488 413.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 413.75 m 562 413.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 543.48 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.50 543.48 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 530.32 Td (Machinery and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 530.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 530.32 Td (714,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 530.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 530.32 Td (696,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 516.32 Td (Land and improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 516.32 Td (261,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 516.32 Td (251,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 502.32 Td (Buildings and leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 502.32 Td (123,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 502.32 Td (114,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 488.32 Td (Office equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 488.32 Td (50,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 488.32 Td (47,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 474.32 Td (ERP systems) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 474.32 Td (15,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 474.32 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 460.32 Td (Construction in progress) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 460.32 Td (18,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 460.32 Td (36,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 446.32 Td (Property, plant and equipment, gross) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 446.32 Td (1,183,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 446.32 Td (1,162,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 432.32 Td (Less: accumulated depreciation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 432.37 Td (\(659,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 432.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 432.37 Td (\(597,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 432.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 418.32 Td (Property, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 418.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 418.32 Td (523,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 418.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 418.32 Td (564,426) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 103.38 390.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 137.82 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 151.72 390.25 Td (property) Tj ET Q q 0 0 0 rg BT 184.94 390.25 Td (, ) Tj ET Q q 0 0 0 rg BT 189.68 390.25 Td (plant ) Tj ET Q q 0 0 0 rg BT 211.91 390.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.59 390.25 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 275.54 390.25 Td (which ) Tj ET Q q 0 0 0 rg BT 302.21 390.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 337.77 390.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 390.54 390.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 424.99 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 438.88 390.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 464.45 390.25 Td (under ) Tj ET Q q 0 0 0 rg BT 489.46 390.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 518.34 390.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 546.96 390.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.25 Td ($75 ) Tj ET Q q 0 0 0 rg BT 67.00 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.89 378.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.89 378.25 Td ($78 ) Tj ET Q q 0 0 0 rg BT 118.39 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.28 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 149.78 378.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.72 378.25 Td ($77 ) Tj ET Q q 0 0 0 rg BT 184.22 378.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.11 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.61 378.25 Td (for ) Tj ET Q q 0 0 0 rg BT 229.77 378.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.49 378.25 Td (years ) Tj ET Q q 0 0 0 rg BT 268.09 378.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.91 378.25 Td (August ) Tj ET Q q 0 0 0 rg BT 325.31 378.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 340.31 378.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 365.31 378.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 387.81 378.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.74 378.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.74 378.25 Td (, ) Tj ET Q q 0 0 0 rg BT 429.74 378.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 477.41 378.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (Note 6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 354.25 Td ( Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 333.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.99 333.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 129.99 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 333.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.09 333.25 Td (made ) Tj ET Q q 0 0 0 rg BT 210.24 333.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.96 333.25 Td (following ) Tj ET Q q 0 0 0 rg BT 266.35 333.25 Td (acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 318.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 318.25 Td (In ) Tj ET Q q 0 0 0 rg BT 133.74 318.25 Td (November ) Tj ET Q q 0 0 0 rg BT 179.35 318.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 205.26 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.89 318.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.18 318.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 301.01 318.25 Td (all ) Tj ET Q q 0 0 0 rg BT 314.42 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.16 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.78 318.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 370.18 318.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 406.92 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.66 318.25 Td (Pick ) Tj ET Q q 0 0 0 rg BT 439.09 318.25 Td (A) Tj ET Q q 0 0 0 rg BT 445.76 318.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.17 318.25 Td (Part, ) Tj ET Q q 0 0 0 rg BT 471.18 318.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 492.36 318.25 Td (a ) Tj ET Q q 0 0 0 rg BT 500.21 318.25 Td (used ) Tj ET Q q 0 0 0 rg BT 521.95 318.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.57 318.25 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 306.25 Td (business ) Tj ET Q q 0 0 0 rg BT 157.22 306.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.32 306.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.76 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.08 306.25 Td (store ) Tj ET Q q 0 0 0 rg BT 212.85 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.95 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.49 306.25 Td (Olympia ) Tj ET Q q 0 0 0 rg BT 271.81 306.25 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 324.23 306.25 Td (area ) Tj ET Q q 0 0 0 rg BT 342.20 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.21 306.25 Td (W) Tj ET Q q 0 0 0 rg BT 359.85 306.25 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 402.56 306.25 Td (which ) Tj ET Q q 0 0 0 rg BT 428.32 306.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 467.96 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.21 306.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 502.54 306.25 Td (Parts ) Tj ET Q q 0 0 0 rg BT 523.86 306.25 Td (Business) Tj ET Q q 0 0 0 rg BT 562.01 306.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 294.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 158.71 294.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.22 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.16 294.25 Td (Pacific ) Tj ET Q q 0 0 0 rg BT 211.66 294.25 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 255.05 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.22 294.25 Td (is ) Tj ET Q q 0 0 0 rg BT 279.62 294.25 Td (near ) Tj ET Q q 0 0 0 rg BT 298.56 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.51 294.25 Td (Metals ) Tj ET Q q 0 0 0 rg BT 341.45 294.25 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 383.73 294.25 Td (Business) Tj ET Q q 0 0 0 rg BT 421.88 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 423.61 294.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 466.99 294.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.38 294.25 Td (T) Tj ET Q q 0 0 0 rg BT 481.79 294.25 Td (acoma, ) Tj ET Q q 0 0 0 rg BT 511.99 294.25 Td (W) Tj ET Q q 0 0 0 rg BT 520.62 294.25 Td (ashington.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 270.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.99 270.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 129.99 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 270.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.09 270.25 Td (made ) Tj ET Q q 0 0 0 rg BT 210.24 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.96 270.25 Td (following ) Tj ET Q q 0 0 0 rg BT 266.35 270.25 Td (acquisitions:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 255.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 255.25 Td (In ) Tj ET Q q 0 0 0 rg BT 132.87 255.25 Td (December ) Tj ET Q q 0 0 0 rg BT 176.49 255.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 201.53 255.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.28 255.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 257.71 255.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 294.67 255.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 347.76 255.25 Td (all ) Tj ET Q q 0 0 0 rg BT 360.29 255.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.16 255.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.92 255.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.78 255.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.65 255.25 Td (Ralph) Tj ET Q q 0 0 0 rg BT 449.32 255.25 Td (s ) Tj ET Q q 0 0 0 rg BT 455.19 255.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 477.72 255.25 Td (Supply ) Tj ET Q q 0 0 0 rg BT 508.60 255.25 Td (\(B.C.\) ) Tj ET Q q 0 0 0 rg BT 536.14 255.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 557.57 255.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 243.25 Td (used ) Tj ET Q q 0 0 0 rg BT 143.23 243.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 163.36 243.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 185.70 243.25 Td (business ) Tj ET Q q 0 0 0 rg BT 222.49 243.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.18 243.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.84 243.25 Td ( ) Tj ET Q q 0 0 0 rg BT 262.74 243.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 288.98 243.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.66 243.25 Td (Richmond ) Tj ET Q q 0 0 0 rg BT 344.23 243.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.57 243.25 Td (Surrey) Tj ET Q q 0 0 0 rg BT 387.58 243.25 Td (, ) Tj ET Q q 0 0 0 rg BT 392.99 243.25 Td (British ) Tj ET Q q 0 0 0 rg BT 423.12 243.25 Td (Columbia, ) Tj ET Q q 0 0 0 rg BT 467.96 243.25 Td (which ) Tj ET Q q 0 0 0 rg BT 495.31 243.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 535.89 243.25 Td (APB) Tj ET Q q 0 0 0 rg BT 558.12 243.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 231.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 159.48 231.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.57 231.25 Td (W) Tj ET Q q 0 0 0 rg BT 178.21 231.25 Td (estern ) Tj ET Q q 0 0 0 rg BT 204.59 231.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 237.07 231.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.01 231.25 Td (is ) Tj ET Q q 0 0 0 rg BT 263.18 231.25 Td (near ) Tj ET Q q 0 0 0 rg BT 282.89 231.25 Td (MRB) Tj ET Q q 0 0 0 rg BT 307.90 231.25 Td (s ) Tj ET Q q 0 0 0 rg BT 314.29 231.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 358.45 231.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.72 231.25 Td (Surrey) Tj ET Q q 0 0 0 rg BT 394.73 231.25 Td (, ) Tj ET Q q 0 0 0 rg BT 399.73 231.25 Td (British ) Tj ET Q q 0 0 0 rg BT 429.46 231.25 Td (Columbia. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 216.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 216.25 Td (In ) Tj ET Q q 0 0 0 rg BT 133.41 216.25 Td (December ) Tj ET Q q 0 0 0 rg BT 177.57 216.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 203.15 216.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.45 216.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 260.42 216.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 297.92 216.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 351.55 216.25 Td (all ) Tj ET Q q 0 0 0 rg BT 364.63 216.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.04 216.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.34 216.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.75 216.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.16 216.25 Td (U-Pick-It, ) Tj ET Q q 0 0 0 rg BT 472.50 216.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 493.35 216.25 Td (a ) Tj ET Q q 0 0 0 rg BT 500.87 216.25 Td (used ) Tj ET Q q 0 0 0 rg BT 522.28 216.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 542.58 216.25 Td (parts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 204.25 Td (business ) Tj ET Q q 0 0 0 rg BT 158.31 204.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.50 204.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.50 204.25 Td ( ) Tj ET Q q 0 0 0 rg BT 195.92 204.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 221.66 204.25 Td (in ) Tj ET Q q 0 0 0 rg BT 231.86 204.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.49 204.25 Td (Kansas ) Tj ET Q q 0 0 0 rg BT 277.79 204.25 Td (City ) Tj ET Q q 0 0 0 rg BT 297.43 204.25 Td (metropolitan ) Tj ET Q q 0 0 0 rg BT 350.95 204.25 Td (area ) Tj ET Q q 0 0 0 rg BT 370.01 204.25 Td (in ) Tj ET Q q 0 0 0 rg BT 380.20 204.25 Td (Missouri ) Tj ET Q q 0 0 0 rg BT 418.18 204.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.03 204.25 Td (Kansas, ) Tj ET Q q 0 0 0 rg BT 468.83 204.25 Td (which ) Tj ET Q q 0 0 0 rg BT 495.69 204.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 535.88 204.25 Td (APB) Tj ET Q q 0 0 0 rg BT 558.12 204.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 192.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 159.48 192.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.75 192.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.47 192.25 Td (Midwestern ) Tj ET Q q 0 0 0 rg BT 234.74 192.25 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 177.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 177.25 Td (In ) Tj ET Q q 0 0 0 rg BT 133.05 177.25 Td (December ) Tj ET Q q 0 0 0 rg BT 176.86 177.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 202.08 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.02 177.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.63 177.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 295.77 177.25 Td (all ) Tj ET Q q 0 0 0 rg BT 308.49 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.54 177.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.48 177.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 362.20 177.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 398.25 177.25 Td (of ) Tj ET Q q 0 0 0 rg BT 409.30 177.25 Td (Freetown ) Tj ET Q q 0 0 0 rg BT 449.79 177.25 Td (Self ) Tj ET Q q 0 0 0 rg BT 468.62 177.25 Td (Serve ) Tj ET Q q 0 0 0 rg BT 494.11 177.25 Td (Used ) Tj ET Q q 0 0 0 rg BT 516.79 177.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 539.51 177.25 Td (Parts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 165.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 145.84 165.25 Td (Freetown ) Tj ET Q q 0 0 0 rg BT 185.89 165.25 Td (T) Tj ET Q q 0 0 0 rg BT 191.64 165.25 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 221.85 165.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 251.76 165.25 Td (, ) Tj ET Q q 0 0 0 rg BT 256.71 165.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 280.55 165.25 Td (Millis ) Tj ET Q q 0 0 0 rg BT 306.90 165.25 Td (Used ) Tj ET Q q 0 0 0 rg BT 329.36 165.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 351.82 165.25 Td (Parts, ) Tj ET Q q 0 0 0 rg BT 376.77 165.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 394.49 165.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.39 165.25 Td (Millis ) Tj ET Q q 0 0 0 rg BT 437.74 165.25 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 482.13 165.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 502.35 165.25 Td (which ) Tj ET Q q 0 0 0 rg BT 529.24 165.25 Td (together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 153.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 158.40 153.25 Td (a ) Tj ET Q q 0 0 0 rg BT 164.82 153.25 Td (used ) Tj ET Q q 0 0 0 rg BT 185.13 153.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 204.32 153.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 225.74 153.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.15 153.25 Td (scrap ) Tj ET Q q 0 0 0 rg BT 265.23 153.25 Td (metal ) Tj ET Q q 0 0 0 rg BT 289.42 153.25 Td (recycling ) Tj ET Q q 0 0 0 rg BT 328.60 153.25 Td (business ) Tj ET Q q 0 0 0 rg BT 364.47 153.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.22 153.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.22 153.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.20 153.25 Td (stores ) Tj ET Q q 0 0 0 rg BT 426.51 153.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.26 153.25 Td (Massachusetts. ) Tj ET Q q 0 0 0 rg BT 498.37 153.25 Td (This ) Tj ET Q q 0 0 0 rg BT 518.12 153.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 141.25 Td (established ) Tj ET Q q 0 0 0 rg BT 168.93 141.25 Td (a ) Tj ET Q q 0 0 0 rg BT 175.87 141.25 Td (new ) Tj ET Q q 0 0 0 rg BT 194.48 141.25 Td (APB ) Tj ET Q q 0 0 0 rg BT 216.43 141.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 253.91 141.25 Td (in ) Tj ET Q q 0 0 0 rg BT 264.19 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.90 141.25 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 333.05 141.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 353.33 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.27 141.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 411.09 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.80 141.25 Td (nearby ) Tj ET Q q 0 0 0 rg BT 455.51 141.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 480.24 141.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 126.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 126.25 Td (In ) Tj ET Q q 0 0 0 rg BT 131.82 126.25 Td (June ) Tj ET Q q 0 0 0 rg BT 151.64 126.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 175.63 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.33 126.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.71 126.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 265.62 126.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 317.66 126.25 Td (all ) Tj ET Q q 0 0 0 rg BT 329.15 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.97 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.67 126.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 377.49 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.31 126.25 Td (Bill) Tj ET Q q 0 0 0 rg BT 405.10 126.25 Td (s ) Tj ET Q q 0 0 0 rg BT 410.15 126.25 Td (Auto ) Tj ET Q q 0 0 0 rg BT 431.64 126.25 Td (Parts, ) Tj ET Q q 0 0 0 rg BT 455.63 126.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 472.38 126.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.31 126.25 Td (Perkins ) Tj ET Q q 0 0 0 rg BT 519.80 126.25 Td (Horseshoe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 114.25 Td (W) Tj ET Q q 0 0 0 rg BT 130.64 114.25 Td (orks, ) Tj ET Q q 0 0 0 rg BT 152.09 114.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 171.58 114.25 Td (which ) Tj ET Q q 0 0 0 rg BT 197.75 114.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 233.90 114.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.07 114.25 Td (used ) Tj ET Q q 0 0 0 rg BT 260.12 114.25 Td (auto ) Tj ET Q q 0 0 0 rg BT 279.07 114.25 Td (parts ) Tj ET Q q 0 0 0 rg BT 300.23 114.25 Td (business ) Tj ET Q q 0 0 0 rg BT 335.85 114.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.36 114.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.80 114.25 Td ( ) Tj ET Q q 0 0 0 rg BT 371.53 114.25 Td (store ) Tj ET Q q 0 0 0 rg BT 392.69 114.25 Td (in ) Tj ET Q q 0 0 0 rg BT 402.20 114.25 Td (Rhode ) Tj ET Q q 0 0 0 rg BT 430.03 114.25 Td (Island. ) Tj ET Q q 0 0 0 rg BT 458.57 114.25 Td (This ) Tj ET Q q 0 0 0 rg BT 478.08 114.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 523.69 114.25 Td (expanded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 102.25 Td (APB) Tj ET Q q 0 0 0 rg BT 144.23 102.25 Td (s ) Tj ET Q q 0 0 0 rg BT 150.62 102.25 Td (presence ) Tj ET Q q 0 0 0 rg BT 188.10 102.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.38 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.09 102.25 Td (Northeastern ) Tj ET Q q 0 0 0 rg BT 267.24 102.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 287.52 102.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.46 102.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.63 102.25 Td (near ) Tj ET Q q 0 0 0 rg BT 333.34 102.25 Td (MRB) Tj ET Q q 0 0 0 rg BT 358.35 102.25 Td (s ) Tj ET Q q 0 0 0 rg BT 364.74 102.25 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.50 78.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 108.32 78.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 164.15 78.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 183.33 78.25 Td (for ) Tj ET Q q 0 0 0 rg BT 196.94 78.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.12 78.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 234.73 78.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 256.69 78.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 306.42 78.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.93 78.25 Td ($26 ) Tj ET Q q 0 0 0 rg BT 340.88 78.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.77 78.25 Td (, ) Tj ET Q q 0 0 0 rg BT 374.23 78.25 Td (which ) Tj ET Q q 0 0 0 rg BT 400.63 78.25 Td (was ) Tj ET Q q 0 0 0 rg BT 418.14 78.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 456.18 78.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.92 78.25 Td (tangible ) Tj ET Q q 0 0 0 rg BT 500.09 78.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.48 78.25 Td (identifiable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 92.76 66.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.86 66.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 156.05 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.26 66.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 213.25 66.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 250.46 66.25 Td (based ) Tj ET Q q 0 0 0 rg BT 276.00 66.25 Td (on ) Tj ET Q q 0 0 0 rg BT 288.77 66.25 Td (their ) Tj ET Q q 0 0 0 rg BT 309.86 66.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 353.16 66.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 394.25 66.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 410.90 66.25 Td (values ) Tj ET Q q 0 0 0 rg BT 439.22 66.25 Td (on ) Tj ET Q q 0 0 0 rg BT 451.99 66.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.98 66.25 Td (date ) Tj ET Q q 0 0 0 rg BT 486.40 66.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.50 66.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 546.45 66.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 78.65 54.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.54 54.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.31 54.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 145.73 54.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 202.16 54.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 221.93 54.25 Td (over ) Tj ET Q q 0 0 0 rg BT 242.25 54.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.02 54.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 273.46 54.25 Td (value ) Tj ET Q q 0 0 0 rg BT 297.67 54.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.55 54.25 Td (the ) Tj ET Q q 0 0 0 rg BT 323.32 54.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 371.42 54.25 Td (net ) Tj ET Q q 0 0 0 rg BT 386.19 54.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.07 54.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 449.05 54.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.94 54.25 Td ($20 ) Tj ET Q q 0 0 0 rg BT 477.49 54.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.38 54.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.94 54.25 Td (was ) Tj ET Q q 0 0 0 rg BT 527.05 54.25 Td (recorded ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (64) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.58 731.10 Td (goodwill, ) Tj ET Q q 0 0 0 rg BT 100.89 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.48 731.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.17 731.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 155.42 731.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.31 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.57 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 195.49 731.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 233.28 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.31 731.10 Td (be ) Tj ET Q q 0 0 0 rg BT 255.00 731.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 298.90 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.82 731.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 327.29 731.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 367.59 731.10 Td (From ) Tj ET Q q 0 0 0 rg BT 391.52 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.99 731.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 428.79 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.37 731.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 485.51 731.10 Td (through ) Tj ET Q q 0 0 0 rg BT 518.37 731.10 Td (August ) Tj ET Q q 0 0 0 rg BT 549.51 731.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 75.10 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.92 719.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 126.95 719.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.21 719.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 212.68 719.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 254.14 719.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 292.29 719.10 Td (from ) Tj ET Q q 0 0 0 rg BT 314.33 719.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 336.37 719.10 Td (to ) Tj ET Q q 0 0 0 rg BT 346.75 719.10 Td (third ) Tj ET Q q 0 0 0 rg BT 368.24 719.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 397.50 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.44 719.10 Td ($1) Tj ET Q q 0 0 0 rg BT 418.07 719.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 425.67 719.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.56 719.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.17 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.21 719.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 514.58 719.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 541.07 719.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.01 719.10 Td ($4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 707.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.18 707.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 126.41 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.42 707.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 175.87 707.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 210.30 707.10 Td (from ) Tj ET Q q 0 0 0 rg BT 232.53 707.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 278.64 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.65 707.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 330.87 707.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 375.88 707.10 Td (with ) Tj ET Q q 0 0 0 rg BT 396.45 707.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 430.91 707.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 475.35 707.10 Td (located ) Tj ET Q q 0 0 0 rg BT 507.02 707.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.59 707.10 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (proximity) Tj ET Q q 0 0 0 rg BT 88.79 695.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.83 671.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 104.99 671.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 129.99 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.70 671.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 186.09 671.10 Td (made ) Tj ET Q q 0 0 0 rg BT 210.24 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.96 671.10 Td (following ) Tj ET Q q 0 0 0 rg BT 266.35 671.10 Td (acquisition:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 656.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 656.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.92 656.10 Td (June ) Tj ET Q q 0 0 0 rg BT 153.84 656.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 178.92 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.73 656.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 235.20 656.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 272.21 656.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 325.35 656.10 Td (all ) Tj ET Q q 0 0 0 rg BT 337.94 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.86 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.66 656.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 389.58 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.50 656.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 429.19 656.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 470.67 656.10 Td (Salvage, ) Tj ET Q q 0 0 0 rg BT 507.41 656.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 528.88 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 535.91 656.10 Td (metals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 644.10 Td (recycler ) Tj ET Q q 0 0 0 rg BT 156.69 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.97 644.10 Td (Hinton, ) Tj ET Q q 0 0 0 rg BT 199.20 644.10 Td (Alberta, ) Tj ET Q q 0 0 0 rg BT 234.18 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 261.12 644.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 301.94 644.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 326.95 644.10 Td (s ) Tj ET Q q 0 0 0 rg BT 333.34 644.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 370.81 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 380.91 644.10 Td (W) Tj ET Q q 0 0 0 rg BT 389.55 644.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 415.93 644.10 Td (Canada. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.74 620.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 117.70 620.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 161.54 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 620.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.36 620.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.36 620.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.05 620.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.05 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.74 620.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.37 620.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.37 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.07 620.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 333.73 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.42 620.10 Td (were ) Tj ET Q q 0 0 0 rg BT 360.04 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 375.01 620.10 Td (material ) Tj ET Q q 0 0 0 rg BT 409.96 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.93 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.34 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 476.00 620.10 Td (s ) Tj ET Q q 0 0 0 rg BT 482.08 620.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.26 620.10 Td (position ) Tj ET Q q 0 0 0 rg BT 553.67 620.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (results ) Tj ET Q q 0 0 0 rg BT 79.29 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.80 608.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 138.14 608.10 Td (Pro ) Tj ET Q q 0 0 0 rg BT 155.22 608.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 182.28 608.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 223.22 608.10 Td (results ) Tj ET Q q 0 0 0 rg BT 252.51 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.36 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.75 608.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.59 608.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.59 608.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.28 608.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.28 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 358.96 608.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.58 608.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.76 608.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 450.72 608.10 Td (are ) Tj ET Q q 0 0 0 rg BT 466.11 608.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.07 608.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 526.07 608.10 Td (since ) Tj ET Q q 0 0 0 rg BT 549.80 608.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 91.36 596.10 Td (results ) Tj ET Q q 0 0 0 rg BT 119.97 596.10 Td (would ) Tj ET Q q 0 0 0 rg BT 147.47 596.10 Td (not ) Tj ET Q q 0 0 0 rg BT 162.75 596.10 Td (be ) Tj ET Q q 0 0 0 rg BT 174.69 596.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 227.18 596.10 Td (dif) Tj ET Q q 0 0 0 rg BT 238.11 596.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 263.92 596.10 Td (than ) Tj ET Q q 0 0 0 rg BT 283.64 596.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 319.45 596.10 Td (results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.25 572.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.84 572.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 129.77 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.91 572.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 175.72 572.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 196.47 572.10 Td (goodwill\) ) Tj ET Q q 0 0 0 rg BT 238.06 572.10 Td (over ) Tj ET Q q 0 0 0 rg BT 258.54 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.46 572.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 290.04 572.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.40 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.43 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.36 572.10 Td (net ) Tj ET Q q 0 0 0 rg BT 355.28 572.10 Td (tangible ) Tj ET Q q 0 0 0 rg BT 390.20 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.34 572.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 448.36 572.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 491.06 572.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.09 572.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 554.22 572.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 560.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 114.98 560.10 Td (described ) Tj ET Q q 0 0 0 rg BT 155.80 560.10 Td (above ) Tj ET Q q 0 0 0 rg BT 182.17 560.10 Td (for ) Tj ET Q q 0 0 0 rg BT 196.33 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.27 560.10 Td (number ) Tj ET Q q 0 0 0 rg BT 236.32 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.15 560.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 282.14 560.10 Td (including ) Tj ET Q q 0 0 0 rg BT 322.41 560.10 Td (but ) Tj ET Q q 0 0 0 rg BT 337.69 560.10 Td (not ) Tj ET Q q 0 0 0 rg BT 352.97 560.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 383.80 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.08 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.79 560.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 545.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 139.70 545.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 180.74 545.10 Td (will ) Tj ET Q q 0 0 0 rg BT 198.44 545.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 228.36 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 249.95 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.31 545.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 289.80 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.38 545.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 354.07 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.55 545.10 Td (these ) Tj ET Q q 0 0 0 rg BT 387.25 545.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 439.68 545.10 Td (including ) Tj ET Q q 0 0 0 rg BT 479.60 545.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 521.74 545.10 Td (resources, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 533.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 145.62 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.56 533.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 197.83 533.10 Td (expertise;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 518.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 518.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 518.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 176.97 518.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 221.69 518.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 256.95 518.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.66 518.10 Td (Company) Tj ET Q q 0 0 0 rg BT 313.33 518.10 Td (s ) Tj ET Q q 0 0 0 rg BT 319.72 518.10 Td (market ) Tj ET Q q 0 0 0 rg BT 349.98 518.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 387.46 518.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.74 518.10 Td (new ) Tj ET Q q 0 0 0 rg BT 416.90 518.10 Td (and ) Tj ET Q q 0 0 0 rg BT 433.84 518.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 468.00 518.10 Td (regions; ) Tj ET Q q 0 0 0 rg BT 502.72 518.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 503.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 503.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.05 503.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.43 503.10 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 226.69 503.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 245.30 503.10 Td (savings, ) Tj ET Q q 0 0 0 rg BT 280.30 503.10 Td (ef) Tj ET Q q 0 0 0 rg BT 287.89 503.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 328.70 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.64 503.10 Td (syner) Tj ET Q q 0 0 0 rg BT 367.12 503.10 Td (gies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 473.10 Td (Note 7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 473.10 Td ( Goodwill and Other) Tj ET Q q 0 0 0 rg BT 172.88 473.10 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 221.23 473.10 Td (Assets, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.01 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.91 452.10 Td (second ) Tj ET Q q 0 0 0 rg BT 106.36 452.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 137.35 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.36 452.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 172.70 452.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 197.88 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.78 452.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.35 452.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 298.67 452.10 Td (its ) Tj ET Q q 0 0 0 rg BT 310.80 452.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 340.14 452.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 378.37 452.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 427.15 452.10 Td (testing, ) Tj ET Q q 0 0 0 rg BT 459.00 452.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 506.10 452.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 539.33 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 452.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (first ) Tj ET Q q 0 0 0 rg BT 68.62 440.10 Td (step ) Tj ET Q q 0 0 0 rg BT 87.24 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.08 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.81 440.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 162.53 440.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 211.14 440.10 Td (test ) Tj ET Q q 0 0 0 rg BT 227.53 440.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.05 440.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 285.32 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.05 440.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.44 440.10 Td (value ) Tj ET Q q 0 0 0 rg BT 340.60 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.44 440.10 Td (each ) Tj ET Q q 0 0 0 rg BT 372.27 440.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 411.44 440.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 429.51 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.80 440.10 Td (its ) Tj ET Q q 0 0 0 rg BT 461.75 440.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 497.58 440.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 524.25 440.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 89.35 428.10 Td (As ) Tj ET Q q 0 0 0 rg BT 102.11 428.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.21 428.10 Td (result ) Tj ET Q q 0 0 0 rg BT 132.08 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.06 428.10 Td (this ) Tj ET Q q 0 0 0 rg BT 158.16 428.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 176.21 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.08 428.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 230.62 428.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 277.25 428.10 Td (that ) Tj ET Q q 0 0 0 rg BT 293.90 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.77 428.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 323.30 428.10 Td (value ) Tj ET Q q 0 0 0 rg BT 346.61 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.60 428.10 Td (each ) Tj ET Q q 0 0 0 rg BT 376.57 428.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 414.88 428.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 432.09 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.40 428.10 Td (which ) Tj ET Q q 0 0 0 rg BT 471.50 428.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 508.71 428.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.91 428.10 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (was ) Tj ET Q q 0 0 0 rg BT 68.05 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 78.33 416.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 106.93 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.76 416.10 Td (its ) Tj ET Q q 0 0 0 rg BT 129.71 416.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 172.74 416.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 208.55 416.10 Td (value ) Tj ET Q q 0 0 0 rg BT 232.71 416.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 252.15 416.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 293.23 416.10 Td (no ) Tj ET Q q 0 0 0 rg BT 305.73 416.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 343.79 416.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 392.39 416.10 Td (was ) Tj ET Q q 0 0 0 rg BT 410.44 416.10 Td (identified. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.91 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.70 392.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 102.72 392.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 133.61 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.52 392.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 168.75 392.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 193.83 392.10 Td (management ) Tj ET Q q 0 0 0 rg BT 247.50 392.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 288.40 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.19 392.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 355.76 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.67 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.46 392.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 423.48 392.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 472.71 392.10 Td (market ) Tj ET Q q 0 0 0 rg BT 503.05 392.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 549.79 392.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 99.41 380.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 129.39 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.04 380.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 159.34 380.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 201.81 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.34 380.10 Td (Company) Tj ET Q q 0 0 0 rg BT 259.00 380.10 Td (s ) Tj ET Q q 0 0 0 rg BT 266.21 380.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 293.95 380.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 332.24 380.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 386.08 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.83 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.36 380.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 439.33 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.98 380.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 489.27 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.91 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.44 380.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 380.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.56 368.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 137.23 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 148.36 368.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.60 368.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 197.83 368.10 Td (event ) Tj ET Q q 0 0 0 rg BT 222.29 368.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 261.74 368.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.98 368.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 305.66 368.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 354.56 368.10 Td (test ) Tj ET Q q 0 0 0 rg BT 371.25 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.38 368.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 420.73 368.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 459.62 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.20 368.10 Td (its ) Tj ET Q q 0 0 0 rg BT 482.45 368.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 521.91 368.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 546.45 368.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (first ) Tj ET Q q 0 0 0 rg BT 68.29 356.10 Td (step ) Tj ET Q q 0 0 0 rg BT 86.58 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.09 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.48 356.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 159.76 356.10 Td (test ) Tj ET Q q 0 0 0 rg BT 175.83 356.10 Td (showed ) Tj ET Q q 0 0 0 rg BT 208.56 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.74 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.13 356.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 256.19 356.10 Td (value ) Tj ET Q q 0 0 0 rg BT 280.03 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.54 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.93 356.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 329.35 356.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 368.18 356.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 385.92 356.10 Td (was ) Tj ET Q q 0 0 0 rg BT 403.65 356.10 Td (less ) Tj ET Q q 0 0 0 rg BT 420.83 356.10 Td (than ) Tj ET Q q 0 0 0 rg BT 440.23 356.10 Td (its ) Tj ET Q q 0 0 0 rg BT 451.86 356.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 487.35 356.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 522.03 356.10 Td (indicating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.27 344.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 95.09 344.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 146.52 344.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 173.78 344.10 Td (on ) Tj ET Q q 0 0 0 rg BT 186.61 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.66 344.10 Td (second ) Tj ET Q q 0 0 0 rg BT 232.26 344.10 Td (step ) Tj ET Q q 0 0 0 rg BT 251.20 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.36 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.40 344.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 326.33 344.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 345.55 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.59 344.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 402.31 344.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 446.23 344.10 Td (that ) Tj ET Q q 0 0 0 rg BT 464.06 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.10 344.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 512.49 344.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.19 344.10 Td (value ) Tj ET Q q 0 0 0 rg BT 553.68 344.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.41 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.92 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.98 332.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 139.06 332.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 177.57 332.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 194.97 332.10 Td (was ) Tj ET Q q 0 0 0 rg BT 212.38 332.10 Td (less ) Tj ET Q q 0 0 0 rg BT 229.23 332.10 Td (than ) Tj ET Q q 0 0 0 rg BT 248.29 332.10 Td (its ) Tj ET Q q 0 0 0 rg BT 259.59 332.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 294.75 332.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 329.10 332.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 365.94 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.57 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.86 332.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 409.25 332.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 457.20 332.10 Td (char) Tj ET Q q 0 0 0 rg BT 474.23 332.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 485.51 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.69 332.10 Td (MRB) Tj ET Q q 0 0 0 rg BT 520.70 332.10 Td (s ) Tj ET Q q 0 0 0 rg BT 526.45 332.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.05 320.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 105.55 320.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.44 320.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (During ) Tj ET Q q 0 0 0 rg BT 80.56 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.01 296.10 Td (first ) Tj ET Q q 0 0 0 rg BT 113.35 296.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 143.90 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.47 296.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 178.35 296.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 203.09 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.54 296.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.66 296.10 Td (elected ) Tj ET Q q 0 0 0 rg BT 289.20 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.21 296.10 Td (change ) Tj ET Q q 0 0 0 rg BT 329.76 296.10 Td (its ) Tj ET Q q 0 0 0 rg BT 341.44 296.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 370.33 296.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 408.12 296.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 456.45 296.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 485.35 296.10 Td (date ) Tj ET Q q 0 0 0 rg BT 504.24 296.10 Td (from ) Tj ET Q q 0 0 0 rg BT 525.91 296.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (28 ) Tj ET Q q 0 0 0 rg BT 62.31 284.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.40 284.10 Td (July ) Tj ET Q q 0 0 0 rg BT 91.38 284.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.38 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.69 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.33 284.10 Td (each ) Tj ET Q q 0 0 0 rg BT 129.96 284.10 Td (year) Tj ET Q q 0 0 0 rg BT 146.62 284.10 Td (. ) Tj ET Q q 0 0 0 rg BT 151.26 284.10 Td (The ) Tj ET Q q 0 0 0 rg BT 169.12 284.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.31 284.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 245.39 284.10 Td (this ) Tj ET Q q 0 0 0 rg BT 262.15 284.10 Td (new ) Tj ET Q q 0 0 0 rg BT 281.12 284.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 310.10 284.10 Td (date ) Tj ET Q q 0 0 0 rg BT 329.06 284.10 Td (is ) Tj ET Q q 0 0 0 rg BT 338.04 284.10 Td (preferable ) Tj ET Q q 0 0 0 rg BT 380.88 284.10 Td (because ) Tj ET Q q 0 0 0 rg BT 414.83 284.10 Td (it ) Tj ET Q q 0 0 0 rg BT 422.70 284.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 451.12 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.65 284.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 506.85 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.94 284.10 Td (better ) Tj ET Q q 0 0 0 rg BT 542.01 284.10 Td (align ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 272.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 92.29 272.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 129.55 272.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 177.35 272.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 205.73 272.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 251.30 272.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.78 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.71 272.10 Td (Company) Tj ET Q q 0 0 0 rg BT 326.37 272.10 Td (s ) Tj ET Q q 0 0 0 rg BT 331.97 272.10 Td (year) Tj ET Q q 0 0 0 rg BT 348.98 272.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 368.45 272.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.14 272.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 443.50 272.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.54 272.10 Td (well ) Tj ET Q q 0 0 0 rg BT 472.46 272.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.50 272.10 Td (its ) Tj ET Q q 0 0 0 rg BT 493.65 272.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 522.01 272.10 Td (budgeting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (cycle ) Tj ET Q q 0 0 0 rg BT 75.43 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.21 260.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 124.66 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.22 260.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 184.45 260.10 Td (visibility ) Tj ET Q q 0 0 0 rg BT 224.35 260.10 Td (into ) Tj ET Q q 0 0 0 rg BT 244.24 260.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 273.02 260.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 305.68 260.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.78 260.10 Td (results ) Tj ET Q q 0 0 0 rg BT 378.23 260.10 Td (which ) Tj ET Q q 0 0 0 rg BT 407.01 260.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.56 260.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 462.89 260.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 509.44 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.56 260.10 Td (its ) Tj ET Q q 0 0 0 rg BT 535.35 260.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 105.12 248.10 Td (This ) Tj ET Q q 0 0 0 rg BT 125.16 248.10 Td (change ) Tj ET Q q 0 0 0 rg BT 155.73 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.77 248.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 211.91 248.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 249.71 248.10 Td (did ) Tj ET Q q 0 0 0 rg BT 264.75 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 279.79 248.10 Td (delay) Tj ET Q q 0 0 0 rg BT 300.79 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 305.55 248.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 347.77 248.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.36 248.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 382.83 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.31 248.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 438.45 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.49 248.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 472.97 248.10 Td (an ) Tj ET Q q 0 0 0 rg BT 484.67 248.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 533.03 248.10 Td (char) Tj ET Q q 0 0 0 rg BT 550.06 248.10 Td (ge.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.20 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.28 236.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 103.58 236.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 134.77 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.96 236.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 170.48 236.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 195.85 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.93 236.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 252.69 236.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 297.20 236.10 Td (its ) Tj ET Q q 0 0 0 rg BT 309.51 236.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 339.03 236.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 377.46 236.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 426.42 236.10 Td (testing, ) Tj ET Q q 0 0 0 rg BT 458.45 236.10 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 505.74 236.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 539.15 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 236.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (first ) Tj ET Q q 0 0 0 rg BT 68.62 224.10 Td (step ) Tj ET Q q 0 0 0 rg BT 87.24 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.08 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.81 224.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 162.53 224.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 211.14 224.10 Td (test ) Tj ET Q q 0 0 0 rg BT 227.53 224.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.05 224.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 285.32 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.05 224.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 316.44 224.10 Td (value ) Tj ET Q q 0 0 0 rg BT 340.60 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.44 224.10 Td (each ) Tj ET Q q 0 0 0 rg BT 372.27 224.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 411.44 224.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 429.51 224.10 Td (with ) Tj ET Q q 0 0 0 rg BT 449.80 224.10 Td (its ) Tj ET Q q 0 0 0 rg BT 461.75 224.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 497.58 224.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 524.25 224.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (goodwill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.93 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.19 188.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 104.46 188.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 143.16 188.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 160.76 188.10 Td (with ) Tj ET Q q 0 0 0 rg BT 180.58 188.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 218.17 188.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.54 188.10 Td ($147 ) Tj ET Q q 0 0 0 rg BT 250.59 188.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.48 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.52 188.10 Td (as ) Tj ET Q q 0 0 0 rg BT 291.89 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.26 188.10 Td (July ) Tj ET Q q 0 0 0 rg BT 320.97 188.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 330.51 188.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 355.05 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.31 188.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 411.88 188.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.80 188.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.49 188.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 490.73 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.99 188.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.34 188.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 63.03 176.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.82 176.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.15 176.10 Td (. ) Tj ET Q q 0 0 0 rg BT 147.46 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 166.04 176.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 213.51 176.10 Td (used ) Tj ET Q q 0 0 0 rg BT 234.87 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.68 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.93 176.10 Td (income ) Tj ET Q q 0 0 0 rg BT 293.39 176.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 333.07 176.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.76 176.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 373.02 176.10 Td (took ) Tj ET Q q 0 0 0 rg BT 393.83 176.10 Td (into ) Tj ET Q q 0 0 0 rg BT 412.42 176.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 469.32 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.57 176.10 Td (challenging ) Tj ET Q q 0 0 0 rg BT 534.25 176.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 93.62 164.10 Td (for ) Tj ET Q q 0 0 0 rg BT 107.24 164.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 143.05 164.10 Td (metals, ) Tj ET Q q 0 0 0 rg BT 173.61 164.10 Td (including ) Tj ET Q q 0 0 0 rg BT 213.34 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.51 164.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 268.90 164.10 Td (constrained ) Tj ET Q q 0 0 0 rg BT 316.95 164.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 345.58 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.86 164.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 378.92 164.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 403.09 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.48 164.10 Td (level ) Tj ET Q q 0 0 0 rg BT 440.87 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.15 164.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 500.88 164.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.61 164.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.90 164.10 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 86.72 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.49 152.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 141.26 152.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 164.92 152.10 Td (macroeconomic ) Tj ET Q q 0 0 0 rg BT 231.34 152.10 Td (indicators ) Tj ET Q q 0 0 0 rg BT 273.33 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.67 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.45 152.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 332.66 152.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.00 152.10 Td (which ) Tj ET Q q 0 0 0 rg BT 370.00 152.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.89 152.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 429.00 152.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.77 152.10 Td (based, ) Tj ET Q q 0 0 0 rg BT 471.60 152.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.60 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.38 152.10 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 537.03 152.10 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 140.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.39 140.10 Td (industry) Tj ET Q q 0 0 0 rg BT 108.52 140.10 Td (. ) Tj ET Q q 0 0 0 rg BT 113.22 140.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.13 140.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 177.93 140.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 214.74 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.55 140.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 258.89 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.59 140.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 309.72 140.10 Td (mar) Tj ET Q q 0 0 0 rg BT 325.08 140.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 344.12 140.10 Td (over ) Tj ET Q q 0 0 0 rg BT 364.26 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.06 140.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 415.08 140.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 445.49 140.10 Td (eventually ) Tj ET Q q 0 0 0 rg BT 489.51 140.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 528.53 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.68 140.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.46 128.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 112.37 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.28 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.63 128.10 Td (range ) Tj ET Q q 0 0 0 rg BT 163.97 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.44 128.10 Td (average ) Tj ET Q q 0 0 0 rg BT 209.66 128.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 250.00 128.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 278.74 128.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.42 128.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 354.19 128.10 Td (W) Tj ET Q q 0 0 0 rg BT 362.52 128.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 386.22 128.10 Td (used ) Tj ET Q q 0 0 0 rg BT 407.68 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.59 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.95 128.10 Td (income ) Tj ET Q q 0 0 0 rg BT 466.51 128.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 506.29 128.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.09 128.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 546.46 128.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (12.87%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 116.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.84 116.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.79 116.10 Td (included ) Tj ET Q q 0 0 0 rg BT 149.74 116.10 Td (an ) Tj ET Q q 0 0 0 rg BT 161.69 116.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 204.19 116.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 245.58 116.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 263.10 116.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 301.71 116.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.55 116.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.88 116.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.39 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.68 116.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 366.73 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.45 116.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 428.95 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.24 116.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 485.62 116.10 Td (with ) Tj ET Q q 0 0 0 rg BT 505.91 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.64 116.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 547.58 116.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 71.09 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.19 104.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 142.17 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.72 104.10 Td (market ) Tj ET Q q 0 0 0 rg BT 183.25 104.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 227.68 104.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.89 104.10 Td (future ) Tj ET Q q 0 0 0 rg BT 271.54 104.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.20 104.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 368.79 104.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.11 104.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 423.20 104.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 454.30 104.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 472.05 104.10 Td (used ) Tj ET Q q 0 0 0 rg BT 493.15 104.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.70 104.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.69 104.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.03 92.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.62 92.10 Td (model ) Tj ET Q q 0 0 0 rg BT 117.88 92.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.69 92.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.02 92.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.28 92.10 Td (based ) Tj ET Q q 0 0 0 rg BT 176.31 92.10 Td (on ) Tj ET Q q 0 0 0 rg BT 188.57 92.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 230.26 92.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 268.63 92.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 309.76 92.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 340.35 92.10 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 394.59 92.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 437.42 92.10 Td (all ) Tj ET Q q 0 0 0 rg BT 449.67 92.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.48 92.10 Td (components ) Tj ET Q q 0 0 0 rg BT 523.07 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.66 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.13 92.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.13 80.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 109.93 80.10 Td (were ) Tj ET Q q 0 0 0 rg BT 131.84 80.10 Td (held ) Tj ET Q q 0 0 0 rg BT 151.54 80.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 189.84 80.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.76 80.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 237.00 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.25 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.77 80.10 Td (W) Tj ET Q q 0 0 0 rg BT 270.10 80.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 293.14 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.40 80.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 331.98 80.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.79 80.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.12 80.10 Td (, ) Tj ET Q q 0 0 0 rg BT 361.10 80.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.91 80.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 403.25 80.10 Td (than ) Tj ET Q q 0 0 0 rg BT 422.95 80.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 469.30 80.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 528.99 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.24 80.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 68.10 Td (mar) Tj ET Q q 0 0 0 rg BT 105.63 68.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 124.80 68.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.63 68.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 174.52 68.10 Td (could ) Tj ET Q q 0 0 0 rg BT 199.23 68.10 Td (result ) Tj ET Q q 0 0 0 rg BT 223.95 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.23 68.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.17 68.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 269.76 68.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.59 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.31 68.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 315.59 68.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 323.09 68.10 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 372.79 68.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 421.39 68.10 Td (test ) Tj ET Q q 0 0 0 rg BT 437.78 68.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.94 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.66 68.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 491.39 68.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 530.54 68.10 Td (unit.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (65) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.08 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.00 731.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 101.65 731.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 140.49 731.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 158.24 731.10 Td (with ) Tj ET Q q 0 0 0 rg BT 178.21 731.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 215.95 731.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.47 731.10 Td ($180 ) Tj ET Q q 0 0 0 rg BT 248.66 731.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.56 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.75 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 290.27 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.79 731.10 Td (July ) Tj ET Q q 0 0 0 rg BT 319.65 731.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 329.34 731.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 354.03 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 731.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 411.15 731.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 427.22 731.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.06 731.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 490.44 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.85 731.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.36 731.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.36 719.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.47 719.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.80 719.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.49 719.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.40 719.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 210.19 719.10 Td (used ) Tj ET Q q 0 0 0 rg BT 230.87 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.01 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.58 719.10 Td (income ) Tj ET Q q 0 0 0 rg BT 287.37 719.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 326.38 719.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.87 719.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 361.69 719.10 Td (took ) Tj ET Q q 0 0 0 rg BT 381.82 719.10 Td (into ) Tj ET Q q 0 0 0 rg BT 399.73 719.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 455.96 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.54 719.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 500.11 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.80 719.10 Td (weak ) Tj ET Q q 0 0 0 rg BT 534.25 719.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.55 707.10 Td (for ) Tj ET Q q 0 0 0 rg BT 109.10 707.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 140.31 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 707.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 203.84 707.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 260.89 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.99 707.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 294.99 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.20 707.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 346.87 707.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 385.28 707.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 414.84 707.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 439.95 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.17 707.10 Td (end-of-life ) Tj ET Q q 0 0 0 rg BT 496.81 707.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 532.46 707.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 707.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 76.66 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.22 695.10 Td (self-serve ) Tj ET Q q 0 0 0 rg BT 128.31 695.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 149.97 695.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 171.63 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.64 695.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 211.06 695.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 246.05 695.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 282.27 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 300.04 695.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 346.70 695.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 383.36 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 390.02 695.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 427.22 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.78 695.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 477.76 695.10 Td (mar) Tj ET Q q 0 0 0 rg BT 493.13 695.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 512.02 695.10 Td (from ) Tj ET Q q 0 0 0 rg BT 533.69 695.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 76.18 683.10 Td (over ) Tj ET Q q 0 0 0 rg BT 96.80 683.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.09 683.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 148.60 683.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 179.50 683.10 Td (but ) Tj ET Q q 0 0 0 rg BT 195.13 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.76 683.10 Td (less ) Tj ET Q q 0 0 0 rg BT 223.62 683.10 Td (than ) Tj ET Q q 0 0 0 rg BT 243.69 683.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.76 683.10 Td (peak ) Tj ET Q q 0 0 0 rg BT 280.49 683.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 306.67 683.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.85 683.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 358.47 683.10 Td (mar) Tj ET Q q 0 0 0 rg BT 373.84 683.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 389.47 683.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 440.63 683.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.26 683.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 475.77 683.10 Td (years ) Tj ET Q q 0 0 0 rg BT 499.72 683.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 522.57 683.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.87 683.10 Td (201) Tj ET Q q 0 0 0 rg BT 554.49 683.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.54 671.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 125.19 671.10 Td (W) Tj ET Q q 0 0 0 rg BT 133.52 671.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 157.08 671.10 Td (used ) Tj ET Q q 0 0 0 rg BT 178.40 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.18 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.39 671.10 Td (income ) Tj ET Q q 0 0 0 rg BT 236.82 671.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 276.46 671.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.46 671.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 312.91 671.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.46 671.10 Td (1) Tj ET Q q 0 0 0 rg BT 336.09 671.10 Td (1.19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.92 671.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.20 671.10 Td (The ) Tj ET Q q 0 0 0 rg BT 385.74 671.10 Td (terminal ) Tj ET Q q 0 0 0 rg BT 422.06 671.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 453.39 671.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 471.37 671.10 Td (used ) Tj ET Q q 0 0 0 rg BT 492.70 671.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.47 671.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.69 671.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.05 659.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.65 659.10 Td (model ) Tj ET Q q 0 0 0 rg BT 117.92 659.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.75 659.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.08 659.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.36 659.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 196.20 659.10 Td (all ) Tj ET Q q 0 0 0 rg BT 208.47 659.10 Td (other ) Tj ET Q q 0 0 0 rg BT 231.29 659.10 Td (components ) Tj ET Q q 0 0 0 rg BT 281.89 659.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.50 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.99 659.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 323.15 659.10 Td (value ) Tj ET Q q 0 0 0 rg BT 347.08 659.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 382.68 659.10 Td (were ) Tj ET Q q 0 0 0 rg BT 404.38 659.10 Td (held ) Tj ET Q q 0 0 0 rg BT 423.88 659.10 Td (constant, ) Tj ET Q q 0 0 0 rg BT 461.98 659.10 Td (an ) Tj ET Q q 0 0 0 rg BT 473.69 659.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 508.72 659.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.78 659.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.11 659.10 Td (W) Tj ET Q q 0 0 0 rg BT 541.44 659.10 Td (ACC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.57 647.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 87.46 647.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.58 647.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.41 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.21 647.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.33 647.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 165.99 647.10 Td (than ) Tj ET Q q 0 0 0 rg BT 185.00 647.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 230.65 647.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 289.66 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.23 647.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.78 647.10 Td (mar) Tj ET Q q 0 0 0 rg BT 354.15 647.10 Td (gins ) Tj ET Q q 0 0 0 rg BT 372.61 647.10 Td (could ) Tj ET Q q 0 0 0 rg BT 396.62 647.10 Td (result ) Tj ET Q q 0 0 0 rg BT 420.63 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.20 647.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.43 647.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 464.32 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.44 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.45 647.10 Td (Step ) Tj ET Q q 0 0 0 rg BT 508.02 647.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 514.81 647.10 Td (quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.60 635.10 Td (test ) Tj ET Q q 0 0 0 rg BT 114.99 635.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.15 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.31 635.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 165.26 635.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 204.42 635.10 Td (unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.21 611.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.76 611.10 Td (also ) Tj ET Q q 0 0 0 rg BT 125.53 611.10 Td (used ) Tj ET Q q 0 0 0 rg BT 145.53 611.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.63 611.10 Td (market ) Tj ET Q q 0 0 0 rg BT 181.06 611.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 219.37 611.10 Td (based ) Tj ET Q q 0 0 0 rg BT 243.80 611.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.46 611.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 291.01 611.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 326.00 611.10 Td (data ) Tj ET Q q 0 0 0 rg BT 344.32 611.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.42 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.30 611.10 Td (Company) Tj ET Q q 0 0 0 rg BT 415.97 611.10 Td (s ) Tj ET Q q 0 0 0 rg BT 421.52 611.10 Td (market ) Tj ET Q q 0 0 0 rg BT 450.95 611.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 506.48 611.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.92 611.10 Td (corroborate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.46 599.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 105.35 599.10 Td (units) Tj ET Q q 0 0 0 rg BT 127.39 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.63 599.10 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 177.24 599.10 Td (The ) Tj ET Q q 0 0 0 rg BT 196.03 599.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.16 599.10 Td (reconciled ) Tj ET Q q 0 0 0 rg BT 283.04 599.10 Td (its ) Tj ET Q q 0 0 0 rg BT 295.73 599.10 Td (market ) Tj ET Q q 0 0 0 rg BT 326.73 599.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 383.84 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.86 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.32 599.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 457.42 599.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 498.98 599.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 516.10 599.10 Td (value ) Tj ET Q q 0 0 0 rg BT 541.00 599.10 Td (of ) Tj ET Q q 0 0 0 rg BT 552.57 599.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 89.17 587.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 113.63 587.10 Td (including ) Tj ET Q q 0 0 0 rg BT 153.91 587.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 210.30 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.14 587.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.09 587.10 Td (control ) Tj ET Q q 0 0 0 rg BT 258.93 587.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 297.54 587.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 349.48 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.21 587.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 405.04 587.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 437.55 587.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.50 587.10 Td (market ) Tj ET Q q 0 0 0 rg BT 474.78 587.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 520.05 587.10 Td (would ) Tj ET Q q 0 0 0 rg BT 547.56 587.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.77 575.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 90.76 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.19 575.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 147.06 575.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 182.70 575.10 Td (The ) Tj ET Q q 0 0 0 rg BT 202.24 575.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 236.78 575.10 Td (control ) Tj ET Q q 0 0 0 rg BT 269.10 575.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 309.19 575.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 348.18 575.10 Td (from ) Tj ET Q q 0 0 0 rg BT 371.61 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.82 575.10 Td (dif) Tj ET Q q 0 0 0 rg BT 398.74 575.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 432.15 575.10 Td (between ) Tj ET Q q 0 0 0 rg BT 469.46 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.67 575.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 534.24 575.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 106.25 563.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 134.74 563.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.13 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.74 563.10 Td (average ) Tj ET Q q 0 0 0 rg BT 195.21 563.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 225.93 563.10 Td (price ) Tj ET Q q 0 0 0 rg BT 248.30 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.02 563.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.74 563.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 298.28 563.10 Td (A) Tj ET Q q 0 0 0 rg BT 304.95 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.34 563.10 Td (common ) Tj ET Q q 0 0 0 rg BT 344.72 563.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 368.22 563.10 Td (for ) Tj ET Q q 0 0 0 rg BT 382.27 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.88 563.10 Td (two-week ) Tj ET Q q 0 0 0 rg BT 438.70 563.10 Td (period ) Tj ET Q q 0 0 0 rg BT 466.63 563.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 492.90 563.10 Td (July ) Tj ET Q q 0 0 0 rg BT 511.96 563.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 521.85 563.10 Td (2014\) ) Tj ET Q q 0 0 0 rg BT 547.57 563.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.08 551.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 93.49 551.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 140.21 551.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 181.40 551.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 198.14 551.10 Td (value ) Tj ET Q q 0 0 0 rg BT 222.66 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.85 551.10 Td (its ) Tj ET Q q 0 0 0 rg BT 246.16 551.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 285.68 551.10 Td (units ) Tj ET Q q 0 0 0 rg BT 307.99 551.10 Td (was ) Tj ET Q q 0 0 0 rg BT 326.40 551.10 Td (within ) Tj ET Q q 0 0 0 rg BT 354.82 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.90 551.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 409.98 551.10 Td (range ) Tj ET Q q 0 0 0 rg BT 435.05 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.24 551.10 Td (average ) Tj ET Q q 0 0 0 rg BT 480.19 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.49 551.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 522.01 551.10 Td (premiums ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 89.72 539.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.34 539.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 144.18 539.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 195.57 539.10 Td (within ) Tj ET Q q 0 0 0 rg BT 224.75 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.59 539.10 Td (steel-making, ) Tj ET Q q 0 0 0 rg BT 298.36 539.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 323.08 539.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 369.47 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.53 539.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 417.26 539.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 462.01 539.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.18 539.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.69 539.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 84.31 527.10 Td (reconciling ) Tj ET Q q 0 0 0 rg BT 132.51 527.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 159.89 527.10 Td (including ) Tj ET Q q 0 0 0 rg BT 200.88 527.10 Td (market ) Tj ET Q q 0 0 0 rg BT 231.87 527.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 277.84 527.10 Td (syner) Tj ET Q q 0 0 0 rg BT 299.32 527.10 Td (gies, ) Tj ET Q q 0 0 0 rg BT 321.15 527.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.80 527.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 391.46 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.89 527.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 440.66 527.10 Td (control ) Tj ET Q q 0 0 0 rg BT 472.21 527.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 511.53 527.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.08 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.62 527.10 Td (July ) Tj ET Q q 0 0 0 rg BT 554.51 527.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.06 491.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 126.10 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.94 491.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 153.33 491.10 Td (value ) Tj ET Q q 0 0 0 rg BT 177.50 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.33 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.06 491.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 242.23 491.10 Td (units ) Tj ET Q q 0 0 0 rg BT 264.18 491.10 Td (used ) Tj ET Q q 0 0 0 rg BT 285.02 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.31 491.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 330.03 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.76 491.10 Td (first ) Tj ET Q q 0 0 0 rg BT 363.37 491.10 Td (step ) Tj ET Q q 0 0 0 rg BT 381.99 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.83 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.56 491.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 456.17 491.10 Td (test ) Tj ET Q q 0 0 0 rg BT 472.56 491.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 507.28 491.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 547.56 491.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 86.01 479.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.35 479.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 169.68 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.25 479.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 237.82 479.10 Td (about ) Tj ET Q q 0 0 0 rg BT 262.16 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.50 479.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 314.16 479.10 Td (future ) Tj ET Q q 0 0 0 rg BT 340.16 479.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 360.05 479.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 384.39 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.96 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 479.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 444.63 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.09 479.10 Td (market ) Tj ET Q q 0 0 0 rg BT 484.98 479.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 528.76 479.10 Td (on ) Tj ET Q q 0 0 0 rg BT 540.89 479.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (assumptions. ) Tj ET Q q 0 0 0 rg BT 105.67 467.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 126.05 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.55 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.49 467.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 189.97 467.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 238.67 467.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.49 467.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.99 467.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 340.92 467.10 Td (these ) Tj ET Q q 0 0 0 rg BT 365.19 467.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 408.62 467.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 436.22 467.10 Td (results ) Tj ET Q q 0 0 0 rg BT 466.04 467.10 Td (could ) Tj ET Q q 0 0 0 rg BT 491.98 467.10 Td (dif) Tj ET Q q 0 0 0 rg BT 502.91 467.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 517.73 467.10 Td (from ) Tj ET Q q 0 0 0 rg BT 540.89 467.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 92.74 455.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 121.88 455.10 Td (events ) Tj ET Q q 0 0 0 rg BT 150.46 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.93 455.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 207.62 455.10 Td (market ) Tj ET Q q 0 0 0 rg BT 238.41 455.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 283.11 455.10 Td (may ) Tj ET Q q 0 0 0 rg BT 303.36 455.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 333.60 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.85 455.10 Td (Company) Tj ET Q q 0 0 0 rg BT 390.51 455.10 Td (s ) Tj ET Q q 0 0 0 rg BT 397.44 455.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 449.92 455.10 Td (as ) Tj ET Q q 0 0 0 rg BT 461.28 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.09 455.10 Td (future ) Tj ET Q q 0 0 0 rg BT 498.99 455.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 533.67 455.10 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.42 443.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 93.77 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.25 443.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 136.72 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.09 443.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 186.89 443.10 Td (mar) Tj ET Q q 0 0 0 rg BT 202.26 443.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 217.07 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.55 443.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 265.58 443.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 299.91 443.10 Td (, ) Tj ET Q q 0 0 0 rg BT 304.45 443.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 360.20 443.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.53 443.10 Td (ACC ) Tj ET Q q 0 0 0 rg BT 391.13 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.61 443.10 Td (other ) Tj ET Q q 0 0 0 rg BT 430.19 443.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 459.44 443.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.47 443.10 Td (may ) Tj ET Q q 0 0 0 rg BT 495.73 443.10 Td (result ) Tj ET Q q 0 0 0 rg BT 519.98 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.80 443.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.24 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.91 431.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 114.58 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.37 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.04 431.10 Td (Company) Tj ET Q q 0 0 0 rg BT 181.71 431.10 Td (s ) Tj ET Q q 0 0 0 rg BT 188.06 431.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 227.17 431.10 Td (units) Tj ET Q q 0 0 0 rg BT 249.20 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.66 431.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 268.00 431.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 294.07 431.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 334.30 431.10 Td (management ) Tj ET Q q 0 0 0 rg BT 387.85 431.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 423.07 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.74 431.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 489.65 431.10 Td (used ) Tj ET Q q 0 0 0 rg BT 510.44 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.67 431.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 549.80 431.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 419.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.81 419.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 138.72 419.10 Td (units) Tj ET Q q 0 0 0 rg BT 160.75 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.00 419.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 202.81 419.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.72 419.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 267.08 419.10 Td (are ) Tj ET Q q 0 0 0 rg BT 282.53 419.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 331.04 419.10 Td (it ) Tj ET Q q 0 0 0 rg BT 339.85 419.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.77 419.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 385.80 419.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.05 419.10 Td (market ) Tj ET Q q 0 0 0 rg BT 435.06 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.75 419.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 494.88 419.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 539.79 419.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 94.36 407.10 Td (further ) Tj ET Q q 0 0 0 rg BT 123.18 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.13 407.10 Td (not ) Tj ET Q q 0 0 0 rg BT 147.52 407.10 Td (improve ) Tj ET Q q 0 0 0 rg BT 182.46 407.10 Td (as ) Tj ET Q q 0 0 0 rg BT 192.40 407.10 Td (expected. ) Tj ET Q q 0 0 0 rg BT 231.69 407.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 276.08 407.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 310.46 407.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.40 407.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.45 407.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 344.72 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.67 407.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 391.26 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.20 407.10 Td (market ) Tj ET Q q 0 0 0 rg BT 430.58 407.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 473.86 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 483.25 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.08 407.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 524.80 407.10 Td (recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.14 395.10 Td (from ) Tj ET Q q 0 0 0 rg BT 106.94 395.10 Td (current ) Tj ET Q q 0 0 0 rg BT 137.61 395.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 165.80 395.10 Td (a ) Tj ET Q q 0 0 0 rg BT 172.60 395.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 195.50 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.19 395.10 Td (weaker ) Tj ET Q q 0 0 0 rg BT 237.42 395.10 Td (than ) Tj ET Q q 0 0 0 rg BT 257.00 395.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 303.22 395.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.47 395.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.81 395.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 434.69 395.10 Td (including ) Tj ET Q q 0 0 0 rg BT 474.83 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.40 395.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 510.08 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.88 395.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 553.67 395.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.96 383.10 Td (mar) Tj ET Q q 0 0 0 rg BT 105.32 383.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 120.30 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.93 383.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 169.12 383.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 203.44 383.10 Td (, ) Tj ET Q q 0 0 0 rg BT 208.14 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.77 383.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 233.62 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.14 383.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 281.31 383.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.28 383.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.69 383.10 Td (Company) Tj ET Q q 0 0 0 rg BT 347.36 383.10 Td (s ) Tj ET Q q 0 0 0 rg BT 353.45 383.10 Td (share ) Tj ET Q q 0 0 0 rg BT 376.74 383.10 Td (price ) Tj ET Q q 0 0 0 rg BT 398.92 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 420.55 383.10 Td (current ) Tj ET Q q 0 0 0 rg BT 451.06 383.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 476.58 383.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.43 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.06 383.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 536.47 383.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.88 371.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 83.71 371.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.59 371.10 Td (an ) Tj ET Q q 0 0 0 rg BT 106.58 371.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 141.89 371.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.22 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.99 371.10 Td (market-based ) Tj ET Q q 0 0 0 rg BT 223.22 371.10 Td (W) Tj ET Q q 0 0 0 rg BT 231.55 371.10 Td (ACC, ) Tj ET Q q 0 0 0 rg BT 257.17 371.10 Td (among ) Tj ET Q q 0 0 0 rg BT 286.93 371.10 Td (other ) Tj ET Q q 0 0 0 rg BT 310.03 371.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 342.29 371.10 Td (could ) Tj ET Q q 0 0 0 rg BT 367.06 371.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 419.61 371.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 449.37 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.14 371.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 512.79 371.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 547.56 371.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.08 359.10 Td (result ) Tj ET Q q 0 0 0 rg BT 93.15 359.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.79 359.10 Td (future ) Tj ET Q q 0 0 0 rg BT 128.53 359.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 165.94 359.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 213.90 359.10 Td (char) Tj ET Q q 0 0 0 rg BT 230.93 359.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 246.12 359.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 265.47 359.10 Td (if ) Tj ET Q q 0 0 0 rg BT 273.44 359.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 311.11 359.10 Td (could ) Tj ET Q q 0 0 0 rg BT 335.19 359.10 Td (have ) Tj ET Q q 0 0 0 rg BT 355.93 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.22 359.10 Td (material ) Tj ET Q q 0 0 0 rg BT 396.84 359.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 429.24 359.10 Td (ef) Tj ET Q q 0 0 0 rg BT 436.83 359.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 453.67 359.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.53 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.61 359.10 Td (Company) Tj ET Q q 0 0 0 rg BT 521.27 359.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.02 359.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.27 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.21 347.10 Td (results ) Tj ET Q q 0 0 0 rg BT 135.82 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.65 347.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.04 323.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 91.65 323.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 126.35 323.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.63 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.34 323.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 187.15 323.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.64 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.46 323.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 268.52 323.10 Td (by ) Tj ET Q q 0 0 0 rg BT 281.01 323.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 320.16 323.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 355.98 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.14 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.85 323.10 Td (years ) Tj ET Q q 0 0 0 rg BT 408.44 323.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.26 323.10 Td (August ) Tj ET Q q 0 0 0 rg BT 465.65 323.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 480.65 323.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 503.14 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.07 323.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.07 323.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.57 323.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 311.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 93.33 311.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 106.94 311.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 286.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 286.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 286.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 256.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 256.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 256.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 256.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 256.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 256.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 226.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 226.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 226.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 226.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 196.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 196.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 196.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 196.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 196.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 196.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 166.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 166.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 166.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 166.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 166.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 166.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 286.6 m 414.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 286.6 m 488.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 286.6 m 562.5 286.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 211.60000000000002 m 414.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 211.60000000000002 m 488.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 211.60000000000002 m 562.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 211.60000000000002 m 414.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 211.60000000000002 m 488.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 211.60000000000002 m 562.5 211.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 151.60000000000002 m 414.5 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 151.60000000000002 m 488.5 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 151.60000000000002 m 562.5 151.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 136.60000000000002 m 414.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 136.60000000000002 m 488.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 136.60000000000002 m 562.5 136.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.30 291.28 Td (MRB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 291.28 Td (APB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.05 291.28 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.17 Td (Balance as of August 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 276.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 276.27 Td (471,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 276.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 276.27 Td (163,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 276.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 276.27 Td (635,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.17 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 261.27 Td (1,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 261.27 Td (17,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 261.27 Td (19,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.17 Td (Purchase accounting adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 246.27 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 246.27 Td (614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 246.27 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.17 Td (Foreign currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 231.32 Td (\(5,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 231.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 231.32 Td (\(1,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 231.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 231.32 Td (\(7,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 231.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 217.17 Td (Goodwill impairment charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 216.32 Td (\(321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 216.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 216.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 216.32 Td (\(321,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 216.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 202.17 Td (Balance as of August 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 201.27 Td (147,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 201.27 Td (180,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 201.27 Td (327,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 187.17 Td (Acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 186.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 186.27 Td (586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 186.27 Td (586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 172.17 Td (Purchase accounting adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 171.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 171.32 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 171.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 171.32 Td (\(51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 171.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 157.17 Td (Foreign currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 156.32 Td (\(1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 156.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 156.32 Td (\(791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 156.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 156.32 Td (\(1,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 156.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 142.17 Td (Balance as of August 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 141.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 141.27 Td (146,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 141.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 141.27 Td (179,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 141.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 141.27 Td (325,903) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 105.81 113.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 143.87 113.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 192.47 113.10 Td (char) Tj ET Q q 0 0 0 rg BT 209.49 113.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 225.32 113.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.25 113.10 Td ($321 ) Tj ET Q q 0 0 0 rg BT 269.75 113.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.64 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.14 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 311.97 113.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.25 113.10 Td (August ) Tj ET Q q 0 0 0 rg BT 353.64 113.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 368.64 113.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 391.14 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.08 113.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.08 113.10 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (66) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 731.10 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 731.10 Td (presents ) Tj ET Q q 0 0 0 rg BT 166.64 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.35 731.10 Td (Company) Tj ET Q q 0 0 0 rg BT 223.02 731.10 Td (s ) Tj ET Q q 0 0 0 rg BT 229.41 731.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 271.90 731.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 297.73 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 308.56 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.84 731.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 362.73 731.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 376.34 731.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 669.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 669.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 669.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 669.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 639.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 639.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 639.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 639.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.60 220.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 609.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 609.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 609.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 609.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 703.6 m 340.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 703.6 m 344.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 703.6 m 414.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 703.6 m 488.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 703.6 m 492.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 703.6 m 562.5 703.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 669.6 m 340.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 669.6 m 344.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 669.6 m 414.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 669.6 m 488.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 669.6 m 492.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 669.6 m 340.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 669.6 m 414.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 669.6 m 488.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 609.6 m 340.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 609.6 m 414.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 609.6 m 488.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 609.6 m 562.5 609.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 609.6 m 340.5 609.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 594.6 m 340.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 609.6 m 414.5 609.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 594.6 m 414.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 609.6 m 488.5 609.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 594.6 m 488.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 609.6 m 562.5 609.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 594.6 m 562.5 594.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.00 708.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.00 708.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.55 694.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 304.59 694.28 Td (oss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.25 684.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.45 674.28 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 684.28 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.35 674.28 Td (Amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.55 694.28 Td (Gr) Tj ET Q q 0 0 0 rg BT 452.59 694.28 Td (oss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.25 684.28 Td (Carrying) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.45 674.28 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 684.28 Td (Accumulated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.35 674.28 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 660.17 Td (Covenants not to compete) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 659.27 Td (18,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 659.32 Td (\(11,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 659.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 659.27 Td (20,183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 659.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 659.32 Td (\(10,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 659.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.17 Td (Supply contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 644.27 Td (2,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 644.32 Td (\(2,109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 644.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 644.27 Td (2,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 644.32 Td (\(1,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 644.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.17 Td (Other intangible assets subject to amortization) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 238.23 634.70 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 629.27 Td (3,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 629.32 Td (\(1,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 629.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 629.27 Td (3,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 629.32 Td (\(1,618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 629.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 615.17 Td (Indefinite-lived intangibles) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 161.58 619.70 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.15 614.27 Td (1,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 614.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 614.27 Td (1,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 614.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 600.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.15 599.27 Td (25,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.80 599.32 Td (\(15,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 599.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 599.27 Td (27,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 599.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 599.32 Td (\(14,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 599.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 582.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 566.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 566.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 87.68 566.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 121.13 566.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 141.25 566.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 165.38 566.90 Td (to ) Tj ET Q q 0 0 0 rg BT 173.06 566.90 Td (amortization ) Tj ET Q q 0 0 0 rg BT 214.95 566.90 Td (include ) Tj ET Q q 0 0 0 rg BT 239.96 566.90 Td (trade ) Tj ET Q q 0 0 0 rg BT 257.41 566.90 Td (names, ) Tj ET Q q 0 0 0 rg BT 281.30 566.90 Td (marketing ) Tj ET Q q 0 0 0 rg BT 315.20 566.90 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 355.09 566.90 Td (employment ) Tj ET Q q 0 0 0 rg BT 396.54 566.90 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 436.43 566.90 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 468.10 566.90 Td (interests, ) Tj ET Q q 0 0 0 rg BT 498.22 566.90 Td (permits ) Tj ET Q q 0 0 0 rg BT 523.68 566.90 Td (and ) Tj ET Q q 0 0 0 rg BT 536.69 566.90 Td (licenses ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 557.30 Td (and ) Tj ET Q q 0 0 0 rg BT 81.55 557.30 Td (real ) Tj ET Q q 0 0 0 rg BT 95.54 557.30 Td (property ) Tj ET Q q 0 0 0 rg BT 124.64 557.30 Td (options.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 544.70 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 544.70 Td (Indefinite-lived ) Tj ET Q q 0 0 0 rg BT 119.76 544.70 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 156.86 544.70 Td (include ) Tj ET Q q 0 0 0 rg BT 182.41 544.70 Td (trade ) Tj ET Q q 0 0 0 rg BT 200.40 544.70 Td (names, ) Tj ET Q q 0 0 0 rg BT 224.84 544.70 Td (permits ) Tj ET Q q 0 0 0 rg BT 250.83 544.70 Td (and ) Tj ET Q q 0 0 0 rg BT 264.38 544.70 Td (licenses ) Tj ET Q q 0 0 0 rg BT 291.71 544.70 Td (and ) Tj ET Q q 0 0 0 rg BT 305.26 544.70 Td (real ) Tj ET Q q 0 0 0 rg BT 319.25 544.70 Td (property ) Tj ET Q q 0 0 0 rg BT 348.35 544.70 Td (options.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.70 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 517.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.63 517.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 114.84 517.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 136.50 517.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 189.26 517.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 223.69 517.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.46 517.70 Td ($4 ) Tj ET Q q 0 0 0 rg BT 253.68 517.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.57 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 284.79 517.70 Td (for ) Tj ET Q q 0 0 0 rg BT 298.68 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 313.12 517.70 Td (year ) Tj ET Q q 0 0 0 rg BT 332.54 517.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 517.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 404.27 517.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.27 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 426.49 517.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.15 517.70 Td ($5 ) Tj ET Q q 0 0 0 rg BT 455.37 517.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.26 517.70 Td ( ) Tj ET Q q 0 0 0 rg BT 486.48 517.70 Td (for ) Tj ET Q q 0 0 0 rg BT 500.36 517.70 Td (the ) Tj ET Q q 0 0 0 rg BT 514.80 517.70 Td (years ) Tj ET Q q 0 0 0 rg BT 538.12 517.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.70 Td (August ) Tj ET Q q 0 0 0 rg BT 81.39 505.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.39 505.70 Td (2013 ) Tj ET Q q 0 0 0 rg BT 118.89 505.70 Td (and ) Tj ET Q q 0 0 0 rg BT 135.83 505.70 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.83 505.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.70 Td (The ) Tj ET Q q 0 0 0 rg BT 67.89 484.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 108.56 484.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 161.44 484.70 Td (expense, ) Tj ET Q q 0 0 0 rg BT 198.49 484.70 Td (based ) Tj ET Q q 0 0 0 rg BT 223.61 484.70 Td (on ) Tj ET Q q 0 0 0 rg BT 235.95 484.70 Td (current ) Tj ET Q q 0 0 0 rg BT 266.61 484.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 308.95 484.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 330.73 484.70 Td (balances, ) Tj ET Q q 0 0 0 rg BT 370.00 484.70 Td (during ) Tj ET Q q 0 0 0 rg BT 398.45 484.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.02 484.70 Td (next ) Tj ET Q q 0 0 0 rg BT 432.58 484.70 Td (five ) Tj ET Q q 0 0 0 rg BT 450.47 484.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 474.47 484.70 Td (years ) Tj ET Q q 0 0 0 rg BT 497.91 484.70 Td (and ) Tj ET Q q 0 0 0 rg BT 514.70 484.70 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 555.34 484.70 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.70 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 472.70 Td (follows ) Tj ET Q q 0 0 0 rg BT 93.33 472.70 Td (\(in ) Tj ET Q q 0 0 0 rg BT 106.94 472.70 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 429.20 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 429.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 429.20 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 401.20 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 401.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 401.20 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.20 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 373.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 373.20 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 345.20 441.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 345.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 345.20 67.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 429.2 m 491.5 429.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 429.2 m 562.5 429.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 429.2 m 562.5 429.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 345.2 m 562.5 345.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 345.2 m 562.5 345.2 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 331.2 m 562.5 331.2 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 433.88 Td (Years Ending August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.80 452.93 Td (Estimated) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.85 442.93 Td (Amortization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.70 432.93 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 419.77 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 419.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 419.77 Td (2,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 405.77 Td (1,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.77 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 391.77 Td (778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.77 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 377.77 Td (458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 363.77 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 363.77 Td (307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.77 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 349.77 Td (2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.77 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 335.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 335.77 Td (8,661) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 307.70 Td (Note 8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.99 307.70 Td ( Short-T) Tj ET Q q 0 0 0 rg BT 119.96 307.70 Td (erm Borr) Tj ET Q q 0 0 0 rg BT 160.04 307.70 Td (owings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.70 Td (The ) Tj ET Q q 0 0 0 rg BT 67.13 286.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.09 286.70 Td (has ) Tj ET Q q 0 0 0 rg BT 123.50 286.70 Td (an ) Tj ET Q q 0 0 0 rg BT 135.02 286.70 Td (unsecured, ) Tj ET Q q 0 0 0 rg BT 180.14 286.70 Td (uncommitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.99 286.70 Td ($25 ) Tj ET Q q 0 0 0 rg BT 252.07 286.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.96 286.70 Td ( ) Tj ET Q q 0 0 0 rg BT 283.04 286.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 307.88 286.70 Td (line ) Tj ET Q q 0 0 0 rg BT 324.96 286.70 Td (with ) Tj ET Q q 0 0 0 rg BT 344.67 286.70 Td (W) Tj ET Q q 0 0 0 rg BT 353.30 286.70 Td (ells ) Tj ET Q q 0 0 0 rg BT 369.27 286.70 Td (Far) Tj ET Q q 0 0 0 rg BT 382.42 286.70 Td (go ) Tj ET Q q 0 0 0 rg BT 394.50 286.70 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 420.19 286.70 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 441.71 286.70 Td (that ) Tj ET Q q 0 0 0 rg BT 458.79 286.70 Td (expires ) Tj ET Q q 0 0 0 rg BT 489.75 286.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.83 286.70 Td (March1, ) Tj ET Q q 0 0 0 rg BT 540.00 286.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 286.70 Td (. ) Tj ET Q q 0 0 0 rg BT 565.00 286.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.70 Td (The ) Tj ET Q q 0 0 0 rg BT 66.67 274.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.19 274.70 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.25 274.70 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.25 274.70 Td ( ) Tj ET Q q 0 0 0 rg BT 134.88 274.70 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 182.06 274.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 230.35 274.70 Td (under ) Tj ET Q q 0 0 0 rg BT 254.75 274.70 Td (this ) Tj ET Q q 0 0 0 rg BT 270.83 274.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 295.22 274.70 Td (line ) Tj ET Q q 0 0 0 rg BT 311.84 274.70 Td (as ) Tj ET Q q 0 0 0 rg BT 321.80 274.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.39 274.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 376.91 274.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.91 274.70 Td (, ) Tj ET Q q 0 0 0 rg BT 401.04 274.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.11 274.70 Td ($9 ) Tj ET Q q 0 0 0 rg BT 428.73 274.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.63 274.70 Td ( ) Tj ET Q q 0 0 0 rg BT 459.25 274.70 Td (in ) Tj ET Q q 0 0 0 rg BT 468.66 274.70 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 515.84 274.70 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.70 Td (as ) Tj ET Q q 0 0 0 rg BT 60.28 262.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.52 262.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 116.85 262.70 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.85 262.70 Td (. ) Tj ET Q q 0 0 0 rg BT 141.80 262.70 Td (Interest ) Tj ET Q q 0 0 0 rg BT 174.24 262.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 195.56 262.70 Td (are ) Tj ET Q q 0 0 0 rg BT 210.21 262.70 Td (set ) Tj ET Q q 0 0 0 rg BT 223.77 262.70 Td (by ) Tj ET Q q 0 0 0 rg BT 236.22 262.70 Td (the ) Tj ET Q q 0 0 0 rg BT 250.88 262.70 Td (bank ) Tj ET Q q 0 0 0 rg BT 272.77 262.70 Td (at ) Tj ET Q q 0 0 0 rg BT 282.43 262.70 Td (the ) Tj ET Q q 0 0 0 rg BT 297.10 262.70 Td (time ) Tj ET Q q 0 0 0 rg BT 317.32 262.70 Td (of ) Tj ET Q q 0 0 0 rg BT 328.10 262.70 Td (borrowing. ) Tj ET Q q 0 0 0 rg BT 374.53 262.70 Td (The ) Tj ET Q q 0 0 0 rg BT 392.52 262.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 424.40 262.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 441.84 262.70 Td (on ) Tj ET Q q 0 0 0 rg BT 454.29 262.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 490.62 262.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 539.73 262.70 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.70 Td (this ) Tj ET Q q 0 0 0 rg BT 66.53 250.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 91.87 250.70 Td (line ) Tj ET Q q 0 0 0 rg BT 109.44 250.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.57 250.70 Td (2.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.40 250.70 Td ( ) Tj ET Q q 0 0 0 rg BT 150.98 250.70 Td (as ) Tj ET Q q 0 0 0 rg BT 161.89 250.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.23 250.70 Td (August31, ) Tj ET Q q 0 0 0 rg BT 218.70 250.70 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.70 250.70 Td (. ) Tj ET Q q 0 0 0 rg BT 243.59 250.70 Td (The ) Tj ET Q q 0 0 0 rg BT 261.71 250.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 287.06 250.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 331.27 250.70 Td (contains ) Tj ET Q q 0 0 0 rg BT 367.18 250.70 Td (various ) Tj ET Q q 0 0 0 rg BT 399.19 250.70 Td (representations ) Tj ET Q q 0 0 0 rg BT 462.30 250.70 Td (and ) Tj ET Q q 0 0 0 rg BT 479.32 250.70 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 526.04 250.70 Td (events ) Tj ET Q q 0 0 0 rg BT 554.17 250.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.70 Td (default ) Tj ET Q q 0 0 0 rg BT 79.68 238.70 Td (and ) Tj ET Q q 0 0 0 rg BT 96.54 238.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 133.93 238.70 Td (and ) Tj ET Q q 0 0 0 rg BT 150.79 238.70 Td (other ) Tj ET Q q 0 0 0 rg BT 173.75 238.70 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 218.66 238.70 Td (including ) Tj ET Q q 0 0 0 rg BT 258.85 238.70 Td (covenants ) Tj ET Q q 0 0 0 rg BT 301.25 238.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 341.98 238.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 394.92 238.70 Td (of ) Tj ET Q q 0 0 0 rg BT 405.67 238.70 Td (a ) Tj ET Q q 0 0 0 rg BT 412.53 238.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 453.84 238.70 Td (fixed ) Tj ET Q q 0 0 0 rg BT 476.80 238.70 Td (char) Tj ET Q q 0 0 0 rg BT 493.83 238.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 505.68 238.70 Td (coverage ) Tj ET Q q 0 0 0 rg BT 544.18 238.70 Td (ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 226.70 Td (a ) Tj ET Q q 0 0 0 rg BT 73.38 226.70 Td (maximum ) Tj ET Q q 0 0 0 rg BT 116.43 226.70 Td (leverage ) Tj ET Q q 0 0 0 rg BT 152.79 226.70 Td (ratio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.70 Td (Note 9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.49 202.70 Td ( Long-T) Tj ET Q q 0 0 0 rg BT 118.80 202.70 Td (erm Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.70 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 95.26 181.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 114.98 181.70 Td (consisted ) Tj ET Q q 0 0 0 rg BT 154.70 181.70 Td (of ) Tj ET Q q 0 0 0 rg BT 165.53 181.70 Td (the ) Tj ET Q q 0 0 0 rg BT 180.24 181.70 Td (following ) Tj ET Q q 0 0 0 rg BT 221.63 181.70 Td (as ) Tj ET Q q 0 0 0 rg BT 232.46 181.70 Td (of ) Tj ET Q q 0 0 0 rg BT 242.74 181.70 Td (August31 ) Tj ET Q q 0 0 0 rg BT 286.63 181.70 Td (\(in ) Tj ET Q q 0 0 0 rg BT 300.24 181.70 Td (thousands\):) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (67) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 723.50 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 723.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 723.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 723.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 682.50 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 682.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 682.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 682.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 652.50 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 652.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 652.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 652.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.50 368.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 622.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 622.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 622.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 723.5 m 488.5 723.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 723.5 m 562.5 723.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 723.5 m 488.5 723.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 723.5 m 562.5 723.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 652.5 m 488.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 652.5 m 492.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 652.5 m 562.5 652.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 622.5 m 488.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 622.5 m 562.5 622.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 607.5 m 488.5 607.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 607.5 m 562.5 607.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 728.18 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 728.18 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 713.17 Td (Bank unsecured revolving credit facility, interest at LIBOR plus a spread) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 713.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 713.17 Td (305,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 713.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 713.17 Td (359,971) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 697.17 Td (Tax-exempt economic development revenue bonds due January 2021, interest payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 687.17 Td (monthly at a variable rate \(0.1% as of August31, 2014\), secured by a letter of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 687.17 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 687.17 Td (7,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (Capital lease obligations due through April 2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 672.17 Td (5,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 672.17 Td (5,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.07 Td (Other debt obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 657.17 Td (1,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 657.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 643.07 Td (Total long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 643.07 Td (319,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 642.17 Td (373,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.07 Td (Less current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.30 627.22 Td (\(523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 627.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 627.22 Td (\(674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 627.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.07 Td (Long-term debt, net of current maturities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 612.17 Td (318,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 612.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 612.17 Td (372,663) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.93 590.00 Td (Company) Tj ET Q q 0 0 0 rg BT 109.60 590.00 Td (s ) Tj ET Q q 0 0 0 rg BT 115.87 590.00 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 158.79 590.00 Td (committed ) Tj ET Q q 0 0 0 rg BT 203.95 590.00 Td (bank ) Tj ET Q q 0 0 0 rg BT 225.77 590.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 250.92 590.00 Td (facility) Tj ET Q q 0 0 0 rg BT 278.59 590.00 Td (, ) Tj ET Q q 0 0 0 rg BT 283.47 590.00 Td (which ) Tj ET Q q 0 0 0 rg BT 310.29 590.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 347.12 590.00 Td (for ) Tj ET Q q 0 0 0 rg BT 361.16 590.00 Td (revolving ) Tj ET Q q 0 0 0 rg BT 401.87 590.00 Td (loans ) Tj ET Q q 0 0 0 rg BT 425.36 590.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.08 590.00 Td ($670 ) Tj ET Q q 0 0 0 rg BT 458.46 590.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.35 590.00 Td ( ) Tj ET Q q 0 0 0 rg BT 489.74 590.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.56 590.00 Td (C$30 ) Tj ET Q q 0 0 0 rg BT 530.62 590.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 590.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.00 Td (matures ) Tj ET Q q 0 0 0 rg BT 83.84 578.00 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.32 578.00 Td (April ) Tj ET Q q 0 0 0 rg BT 116.61 578.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.61 578.00 Td ( ) Tj ET Q q 0 0 0 rg BT 138.80 578.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 175.42 578.00 Td (to ) Tj ET Q q 0 0 0 rg BT 185.38 578.00 Td (a ) Tj ET Q q 0 0 0 rg BT 192.00 578.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.95 578.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 260.78 578.00 Td (with ) Tj ET Q q 0 0 0 rg BT 280.74 578.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 304.03 578.00 Td (of ) Tj ET Q q 0 0 0 rg BT 314.06 578.00 Td (America, ) Tj ET Q q 0 0 0 rg BT 353.17 578.00 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 374.80 578.00 Td (as ) Tj ET Q q 0 0 0 rg BT 385.31 578.00 Td (administrative ) Tj ET Q q 0 0 0 rg BT 444.70 578.00 Td (agent, ) Tj ET Q q 0 0 0 rg BT 471.04 578.00 Td (and ) Tj ET Q q 0 0 0 rg BT 487.67 578.00 Td (other ) Tj ET Q q 0 0 0 rg BT 510.40 578.00 Td (lenders ) Tj ET Q q 0 0 0 rg BT 541.46 578.00 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.00 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 82.56 566.00 Td (Interest ) Tj ET Q q 0 0 0 rg BT 114.84 566.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 136.02 566.00 Td (on ) Tj ET Q q 0 0 0 rg BT 148.31 566.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 197.27 566.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 251.22 566.00 Td (under ) Tj ET Q q 0 0 0 rg BT 276.29 566.00 Td (the ) Tj ET Q q 0 0 0 rg BT 290.80 566.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 334.74 566.00 Td (are ) Tj ET Q q 0 0 0 rg BT 349.24 566.00 Td (based, ) Tj ET Q q 0 0 0 rg BT 376.81 566.00 Td (at ) Tj ET Q q 0 0 0 rg BT 386.32 566.00 Td (the ) Tj ET Q q 0 0 0 rg BT 400.83 566.00 Td (Company) Tj ET Q q 0 0 0 rg BT 442.50 566.00 Td (s ) Tj ET Q q 0 0 0 rg BT 448.69 566.00 Td (option, ) Tj ET Q q 0 0 0 rg BT 479.04 566.00 Td (on ) Tj ET Q q 0 0 0 rg BT 491.34 566.00 Td (either ) Tj ET Q q 0 0 0 rg BT 516.40 566.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.91 566.00 Td (London ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.00 Td (Interbank ) Tj ET Q q 0 0 0 rg BT 91.00 554.00 Td (Of) Tj ET Q q 0 0 0 rg BT 101.37 554.00 Td (fered ) Tj ET Q q 0 0 0 rg BT 124.60 554.00 Td (Rate ) Tj ET Q q 0 0 0 rg BT 145.61 554.00 Td (\(or ) Tj ET Q q 0 0 0 rg BT 159.96 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.87 554.00 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 215.32 554.00 Td (equivalent\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.30 554.00 Td ( ) Tj ET Q q 0 0 0 rg BT 262.99 554.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 282.34 554.00 Td (a ) Tj ET Q q 0 0 0 rg BT 289.47 554.00 Td (spread ) Tj ET Q q 0 0 0 rg BT 318.26 554.00 Td (of ) Tj ET Q q 0 0 0 rg BT 329.27 554.00 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.28 554.00 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.11 554.00 Td ( ) Tj ET Q q 0 0 0 rg BT 393.80 554.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.92 554.00 Td (2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.75 554.00 Td (, ) Tj ET Q q 0 0 0 rg BT 441.94 554.00 Td (with ) Tj ET Q q 0 0 0 rg BT 462.41 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.31 554.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 510.00 554.00 Td (of ) Tj ET Q q 0 0 0 rg BT 521.01 554.00 Td (the ) Tj ET Q q 0 0 0 rg BT 535.92 554.00 Td (spread ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.00 Td (based ) Tj ET Q q 0 0 0 rg BT 75.37 542.00 Td (on ) Tj ET Q q 0 0 0 rg BT 87.97 542.00 Td (a ) Tj ET Q q 0 0 0 rg BT 95.01 542.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 125.94 542.00 Td (grid ) Tj ET Q q 0 0 0 rg BT 144.65 542.00 Td (tied ) Tj ET Q q 0 0 0 rg BT 162.25 542.00 Td (to ) Tj ET Q q 0 0 0 rg BT 172.63 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 187.45 542.00 Td (Company) Tj ET Q q 0 0 0 rg BT 229.12 542.00 Td (s ) Tj ET Q q 0 0 0 rg BT 235.61 542.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 272.08 542.00 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 295.50 542.00 Td (or ) Tj ET Q q 0 0 0 rg BT 306.44 542.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.25 542.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 351.61 542.00 Td (of ) Tj ET Q q 0 0 0 rg BT 362.54 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.36 542.00 Td (prime ) Tj ET Q q 0 0 0 rg BT 403.29 542.00 Td (rate, ) Tj ET Q q 0 0 0 rg BT 423.38 542.00 Td (the ) Tj ET Q q 0 0 0 rg BT 438.20 542.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 468.55 542.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 493.38 542.00 Td (rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.36 542.00 Td ( ) Tj ET Q q 0 0 0 rg BT 510.97 542.00 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.24 542.00 Td (0.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.07 542.00 Td ( ) Tj ET Q q 0 0 0 rg BT 553.67 542.00 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.44 530.00 Td (British ) Tj ET Q q 0 0 0 rg BT 93.90 530.00 Td (Bankers ) Tj ET Q q 0 0 0 rg BT 128.40 530.00 Td (Association ) Tj ET Q q 0 0 0 rg BT 177.85 530.00 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 210.08 530.00 Td (Rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.40 530.00 Td ( ) Tj ET Q q 0 0 0 rg BT 230.63 530.00 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.53 530.00 Td (1.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.36 530.00 Td (. ) Tj ET Q q 0 0 0 rg BT 280.09 530.00 Td (In ) Tj ET Q q 0 0 0 rg BT 290.64 530.00 Td (addition, ) Tj ET Q q 0 0 0 rg BT 328.15 530.00 Td (annual ) Tj ET Q q 0 0 0 rg BT 357.03 530.00 Td (commitment ) Tj ET Q q 0 0 0 rg BT 409.80 530.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 428.13 530.00 Td (are ) Tj ET Q q 0 0 0 rg BT 442.57 530.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 475.89 530.00 Td (on ) Tj ET Q q 0 0 0 rg BT 488.12 530.00 Td (the ) Tj ET Q q 0 0 0 rg BT 502.56 530.00 Td (unused ) Tj ET Q q 0 0 0 rg BT 533.12 530.00 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.32 518.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.52 518.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 99.27 518.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 129.58 518.00 Td (at ) Tj ET Q q 0 0 0 rg BT 138.78 518.00 Td (rates ) Tj ET Q q 0 0 0 rg BT 159.64 518.00 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.94 518.00 Td (0.15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.77 518.00 Td ( ) Tj ET Q q 0 0 0 rg BT 222.76 518.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.19 518.00 Td (0.35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.02 518.00 Td ( ) Tj ET Q q 0 0 0 rg BT 267.00 518.00 Td (based ) Tj ET Q q 0 0 0 rg BT 291.76 518.00 Td (on ) Tj ET Q q 0 0 0 rg BT 303.74 518.00 Td (a ) Tj ET Q q 0 0 0 rg BT 310.17 518.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 340.48 518.00 Td (grid ) Tj ET Q q 0 0 0 rg BT 358.57 518.00 Td (tied ) Tj ET Q q 0 0 0 rg BT 375.56 518.00 Td (to ) Tj ET Q q 0 0 0 rg BT 385.32 518.00 Td (the ) Tj ET Q q 0 0 0 rg BT 399.52 518.00 Td (Company) Tj ET Q q 0 0 0 rg BT 441.19 518.00 Td (s ) Tj ET Q q 0 0 0 rg BT 447.07 518.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 482.92 518.00 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 505.58 518.00 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 518.00 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.00 Td (had ) Tj ET Q q 0 0 0 rg BT 66.14 506.00 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 113.39 506.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 161.75 506.00 Td (under ) Tj ET Q q 0 0 0 rg BT 186.22 506.00 Td (the ) Tj ET Q q 0 0 0 rg BT 200.13 506.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 224.59 506.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 254.61 506.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.64 506.00 Td ($305 ) Tj ET Q q 0 0 0 rg BT 286.34 506.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.23 506.00 Td ( ) Tj ET Q q 0 0 0 rg BT 316.93 506.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.07 506.00 Td ($360 ) Tj ET Q q 0 0 0 rg BT 354.76 506.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.66 506.00 Td ( ) Tj ET Q q 0 0 0 rg BT 385.35 506.00 Td (as ) Tj ET Q q 0 0 0 rg BT 395.38 506.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.04 506.00 Td (August ) Tj ET Q q 0 0 0 rg BT 435.63 506.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 449.82 506.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 471.52 506.00 Td (and ) Tj ET Q q 0 0 0 rg BT 487.66 506.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.66 506.00 Td (, ) Tj ET Q q 0 0 0 rg BT 511.86 506.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 559.52 506.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.28 494.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 107.67 494.00 Td (average ) Tj ET Q q 0 0 0 rg BT 141.49 494.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 173.65 494.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 191.37 494.00 Td (on ) Tj ET Q q 0 0 0 rg BT 204.11 494.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 240.73 494.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 290.12 494.00 Td (under ) Tj ET Q q 0 0 0 rg BT 315.63 494.00 Td (this ) Tj ET Q q 0 0 0 rg BT 332.81 494.00 Td (facility ) Tj ET Q q 0 0 0 rg BT 363.86 494.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 494.00 Td (1.91%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.98 494.00 Td ( ) Tj ET Q q 0 0 0 rg BT 410.71 494.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.88 494.00 Td (1.98%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.71 494.00 Td ( ) Tj ET Q q 0 0 0 rg BT 456.45 494.00 Td (as ) Tj ET Q q 0 0 0 rg BT 467.51 494.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.97 494.00 Td (August ) Tj ET Q q 0 0 0 rg BT 509.59 494.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.83 494.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 547.56 494.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 482.00 Td (, ) Tj ET Q q 0 0 0 rg BT 74.48 482.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.14 482.00 Td (. ) Tj ET Q q 0 0 0 rg BT 126.47 482.00 Td (The ) Tj ET Q q 0 0 0 rg BT 143.99 482.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 168.73 482.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 212.35 482.00 Td (contains ) Tj ET Q q 0 0 0 rg BT 247.65 482.00 Td (various ) Tj ET Q q 0 0 0 rg BT 279.06 482.00 Td (representations ) Tj ET Q q 0 0 0 rg BT 341.57 482.00 Td (and ) Tj ET Q q 0 0 0 rg BT 357.98 482.00 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 404.10 482.00 Td (events ) Tj ET Q q 0 0 0 rg BT 431.62 482.00 Td (of ) Tj ET Q q 0 0 0 rg BT 441.93 482.00 Td (default ) Tj ET Q q 0 0 0 rg BT 471.67 482.00 Td (and ) Tj ET Q q 0 0 0 rg BT 488.08 482.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.04 482.00 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 482.00 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.00 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 94.72 470.00 Td (including ) Tj ET Q q 0 0 0 rg BT 134.72 470.00 Td (covenants ) Tj ET Q q 0 0 0 rg BT 176.94 470.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 217.49 470.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 270.25 470.00 Td (of ) Tj ET Q q 0 0 0 rg BT 280.81 470.00 Td (a ) Tj ET Q q 0 0 0 rg BT 287.49 470.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 328.61 470.00 Td (fixed ) Tj ET Q q 0 0 0 rg BT 351.39 470.00 Td (char) Tj ET Q q 0 0 0 rg BT 368.42 470.00 Td (ge ) Tj ET Q q 0 0 0 rg BT 380.09 470.00 Td (coverage ) Tj ET Q q 0 0 0 rg BT 418.40 470.00 Td (ratio ) Tj ET Q q 0 0 0 rg BT 438.96 470.00 Td (and ) Tj ET Q q 0 0 0 rg BT 455.63 470.00 Td (a ) Tj ET Q q 0 0 0 rg BT 462.31 470.00 Td (maximum ) Tj ET Q q 0 0 0 rg BT 505.09 470.00 Td (leverage ) Tj ET Q q 0 0 0 rg BT 541.19 470.00 Td (ratio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.00 Td (Principal ) Tj ET Q q 0 0 0 rg BT 88.65 449.00 Td (payments ) Tj ET Q q 0 0 0 rg BT 129.51 449.00 Td (on ) Tj ET Q q 0 0 0 rg BT 142.05 449.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 184.03 449.00 Td (debt ) Tj ET Q q 0 0 0 rg BT 203.79 449.00 Td (and ) Tj ET Q q 0 0 0 rg BT 220.77 449.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.96 449.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 272.49 449.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 319.47 449.00 Td (during ) Tj ET Q q 0 0 0 rg BT 348.12 449.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.88 449.00 Td (next ) Tj ET Q q 0 0 0 rg BT 382.64 449.00 Td (five ) Tj ET Q q 0 0 0 rg BT 400.73 449.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 424.92 449.00 Td (years ) Tj ET Q q 0 0 0 rg BT 448.56 449.00 Td (and ) Tj ET Q q 0 0 0 rg BT 465.54 449.00 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 506.38 449.00 Td (are ) Tj ET Q q 0 0 0 rg BT 521.13 449.00 Td (as ) Tj ET Q q 0 0 0 rg BT 532.00 449.00 Td (follows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 63.61 437.00 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 392.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 392.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 392.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 392.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 392.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 392.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 392.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 362.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 362.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 362.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 362.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 362.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 362.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 332.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 332.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 332.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 332.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 332.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 302.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 302.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 302.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 302.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 302.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 272.50 290.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 272.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 272.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 272.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 272.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 272.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 272.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 392.5 m 340.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 392.5 m 414.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 392.5 m 488.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 392.5 m 562.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 392.5 m 340.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 392.5 m 414.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 392.5 m 488.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 392.5 m 562.5 392.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 302.5 m 414.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 302.5 m 488.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 302.5 m 562.5 302.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 272.5 m 414.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 272.5 m 488.5 272.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 272.5 m 562.5 272.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 257.5 m 414.5 257.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 257.5 m 488.5 257.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 257.5 m 562.5 257.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 397.18 Td (Years Ending August31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.70 407.18 Td (Long-T) Tj ET Q q 0 0 0 rg BT 386.01 407.18 Td (erm) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.70 397.18 Td (Debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 417.18 Td (Capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.75 407.18 Td (Lease) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 428.25 397.18 Td (Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.05 397.18 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 383.07 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 382.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 382.17 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 382.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 382.17 Td (1,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 382.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 382.17 Td (1,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 368.07 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 367.17 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 367.17 Td (1,180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 367.17 Td (1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.07 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 352.17 Td (305,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 352.17 Td (1,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 352.17 Td (306,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.07 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 337.17 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 337.17 Td (1,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 337.17 Td (1,276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 323.07 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 322.17 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 322.17 Td (1,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 322.17 Td (1,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 308.07 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 307.17 Td (8,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 307.17 Td (6,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 307.17 Td (14,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 293.07 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 292.17 Td (313,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 292.17 Td (12,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 292.17 Td (326,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.07 Td (Amounts representing interest and executory costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 277.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 277.22 Td (\(6,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 277.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 277.22 Td (\(6,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 277.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 263.07 Td (Total less interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 262.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.15 262.17 Td (313,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 262.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 262.17 Td (5,655) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 262.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 262.17 Td (319,365) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.00 Td (The ) Tj ET Q q 0 0 0 rg BT 69.85 234.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.04 234.00 Td (maintains ) Tj ET Q q 0 0 0 rg BT 156.22 234.00 Td (stand-by ) Tj ET Q q 0 0 0 rg BT 194.96 234.00 Td (letters ) Tj ET Q q 0 0 0 rg BT 223.70 234.00 Td (of ) Tj ET Q q 0 0 0 rg BT 236.33 234.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 263.40 234.00 Td (to ) Tj ET Q q 0 0 0 rg BT 275.48 234.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 310.33 234.00 Td (for ) Tj ET Q q 0 0 0 rg BT 326.29 234.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.79 234.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 406.54 234.00 Td (including ) Tj ET Q q 0 0 0 rg BT 448.61 234.00 Td (workers) Tj ET Q q 0 0 0 rg BT 483.41 234.00 Td ( ) Tj ET Q q 0 0 0 rg BT 487.72 234.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 547.56 234.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.73 222.00 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 132.63 222.00 Td (As ) Tj ET Q q 0 0 0 rg BT 146.95 222.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.78 222.00 Td (August ) Tj ET Q q 0 0 0 rg BT 189.88 222.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 205.59 222.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 228.81 222.00 Td (and ) Tj ET Q q 0 0 0 rg BT 246.45 222.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.45 222.00 Td (, ) Tj ET Q q 0 0 0 rg BT 272.16 222.00 Td (the ) Tj ET Q q 0 0 0 rg BT 287.59 222.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 329.69 222.00 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.34 222.00 Td ($16 ) Tj ET Q q 0 0 0 rg BT 365.55 222.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.44 222.00 Td ( ) Tj ET Q q 0 0 0 rg BT 397.65 222.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.30 222.00 Td ($18 ) Tj ET Q q 0 0 0 rg BT 433.51 222.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.40 222.00 Td ( ) Tj ET Q q 0 0 0 rg BT 465.61 222.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 515.49 222.00 Td (under ) Tj ET Q q 0 0 0 rg BT 541.47 222.00 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.00 Td (arrangements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 189.00 Td (Note 10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.99 189.00 Td ( - Fair) Tj ET Q q 0 0 0 rg BT 110.96 189.00 Td ( ) Tj ET Q q 0 0 0 rg BT 113.28 189.00 Td (V) Tj ET Q q 0 0 0 rg BT 119.59 189.00 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 172.45 189.00 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.45 168.00 Td (following ) Tj ET Q q 0 0 0 rg BT 108.73 168.00 Td (table ) Tj ET Q q 0 0 0 rg BT 130.57 168.00 Td (presents ) Tj ET Q q 0 0 0 rg BT 165.74 168.00 Td (information ) Tj ET Q q 0 0 0 rg BT 215.35 168.00 Td (about ) Tj ET Q q 0 0 0 rg BT 239.96 168.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.58 168.00 Td (Company) Tj ET Q q 0 0 0 rg BT 296.25 168.00 Td (s ) Tj ET Q q 0 0 0 rg BT 302.54 168.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 328.27 168.00 Td (and ) Tj ET Q q 0 0 0 rg BT 345.11 168.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 384.72 168.00 Td (measured ) Tj ET Q q 0 0 0 rg BT 425.44 168.00 Td (at ) Tj ET Q q 0 0 0 rg BT 435.05 168.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 451.33 168.00 Td (value ) Tj ET Q q 0 0 0 rg BT 475.39 168.00 Td (as ) Tj ET Q q 0 0 0 rg BT 486.12 168.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.32 168.00 Td (August ) Tj ET Q q 0 0 0 rg BT 527.61 168.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.51 168.00 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.00 Td (and ) Tj ET Q q 0 0 0 rg BT 65.99 156.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.99 156.00 Td (, ) Tj ET Q q 0 0 0 rg BT 90.54 156.00 Td (and ) Tj ET Q q 0 0 0 rg BT 107.02 156.00 Td (indicates ) Tj ET Q q 0 0 0 rg BT 144.61 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.88 156.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 174.80 156.00 Td (value ) Tj ET Q q 0 0 0 rg BT 198.51 156.00 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 238.31 156.00 Td (of ) Tj ET Q q 0 0 0 rg BT 248.69 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 262.95 156.00 Td (valuation ) Tj ET Q q 0 0 0 rg BT 302.21 156.00 Td (techniques ) Tj ET Q q 0 0 0 rg BT 347.02 156.00 Td (utilized ) Tj ET Q q 0 0 0 rg BT 379.06 156.00 Td (by ) Tj ET Q q 0 0 0 rg BT 391.11 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 405.38 156.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 446.31 156.00 Td (and ) Tj ET Q q 0 0 0 rg BT 462.80 156.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.06 156.00 Td (type ) Tj ET Q q 0 0 0 rg BT 496.33 156.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.71 156.00 Td (measurement. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 32.40 Td (68) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 32.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 32.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 692.50 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.00 692.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 692.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 692.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 692.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 692.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 692.50 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 652.50 122.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.00 652.50 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 652.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 652.50 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 652.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 652.50 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 652.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 652.50 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 652.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 652.50 121.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 602.50 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.00 602.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 602.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 602.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 602.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 602.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 602.50 121.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 572.50 122.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.00 572.50 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 572.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 572.50 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 572.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 572.50 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 572.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 572.50 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 572.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 572.50 121.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 522.50 122.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.00 522.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 236.00 522.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 240.00 522.50 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 301.00 522.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 305.00 522.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 522.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 522.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 522.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 522.50 121.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 705.5 m 236 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236 705.5 m 240 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 705.5 m 301 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 705.5 m 369 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 705.5 m 437 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 705.5 m 562 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 705.5 m 236 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 692.5 m 236 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 705.5 m 301 705.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 692.5 m 301 692.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 602.5 m 236 602.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 602.5 m 301 602.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 602.5 m 236 602.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 588.5 m 236 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 586.5 m 236 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 602.5 m 301 602.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 588.5 m 301 588.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 586.5 m 301 586.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 522.5 m 236 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 522.5 m 301 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 522.5 m 236 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 508.5 m 236 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171 506.5 m 236 506.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 522.5 m 301 522.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 508.5 m 301 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240 506.5 m 301 506.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 51.50 709.95 Td (\(in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 174.05 709.95 Td (Assets \(Liabilities\) at Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 316.45 727.95 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 310.05 718.95 Td (Measurement) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.00 709.95 Td (Level) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.20 718.95 Td (Type of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 378.05 709.95 Td (Measurement) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.00 709.95 Td (Balance Sheet Classification) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 175.75 696.73 Td (August 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.75 696.73 Td (August 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 682.17 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 657.17 Td (Assets held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 657.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.50 657.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 657.17 Td (2,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 657.17 Td (Level 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.90 657.17 Td (Non-recurring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.40 667.17 Td (Prepaid expenses and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.90 657.17 Td (current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 642.17 Td (Investment in joint venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 632.17 Td (partnership) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 632.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 632.17 Td (3,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 632.17 Td (Level 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.90 632.17 Td (Non-recurring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.00 642.17 Td (Investments in joint venture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.55 632.17 Td (partnerships) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 617.17 Td (Foreign currency exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 607.17 Td (forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.15 607.17 Td (202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 607.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 607.17 Td (Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.50 607.17 Td (Recurring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.40 617.17 Td (Prepaid expenses and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.90 607.17 Td (current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 592.17 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 592.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.15 592.17 Td (202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.50 592.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 592.17 Td (6,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 577.17 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 552.17 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 552.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.15 552.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.50 552.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.30 552.17 Td (\(1,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 552.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 552.17 Td (Level 3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.90 552.17 Td (Non-recurring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.45 562.17 Td (Other accrued liabilities and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.75 552.17 Td (Other long-term liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 537.17 Td (Foreign currency exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 527.17 Td (forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.80 527.17 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.15 527.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 527.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 527.17 Td (Level 2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.50 527.17 Td (Recurring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.95 527.17 Td (Other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 512.17 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.50 512.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.80 512.17 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.15 512.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.50 512.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.30 512.17 Td (\(1,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.15 512.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.00 Td (Note 1) Tj ET Q q 0 0 0 rg BT 76.94 481.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.94 481.00 Td ( Commitments and Contingencies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 460.00 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.69 442.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.71 442.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 134.73 442.00 Td (a ) Tj ET Q q 0 0 0 rg BT 141.31 442.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 172.34 442.00 Td (of ) Tj ET Q q 0 0 0 rg BT 182.81 442.00 Td (its ) Tj ET Q q 0 0 0 rg BT 194.40 442.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 223.19 442.00 Td (equipment ) Tj ET Q q 0 0 0 rg BT 267.54 442.00 Td (and ) Tj ET Q q 0 0 0 rg BT 284.12 442.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 313.46 442.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.93 442.00 Td (its ) Tj ET Q q 0 0 0 rg BT 335.52 442.00 Td (facilities ) Tj ET Q q 0 0 0 rg BT 372.09 442.00 Td (under ) Tj ET Q q 0 0 0 rg BT 396.99 442.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 423.01 442.00 Td (that ) Tj ET Q q 0 0 0 rg BT 440.15 442.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 467.27 442.00 Td (at ) Tj ET Q q 0 0 0 rg BT 476.63 442.00 Td (various ) Tj ET Q q 0 0 0 rg BT 508.21 442.00 Td (dates ) Tj ET Q q 0 0 0 rg BT 530.90 442.00 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.00 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.16 430.00 Td (2047. ) Tj ET Q q 0 0 0 rg BT 99.16 430.00 Td (Rent ) Tj ET Q q 0 0 0 rg BT 120.54 430.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 155.25 430.00 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.30 430.00 Td ($27 ) Tj ET Q q 0 0 0 rg BT 190.80 430.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.69 430.00 Td ( ) Tj ET Q q 0 0 0 rg BT 222.19 430.00 Td (for ) Tj ET Q q 0 0 0 rg BT 236.35 430.00 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.51 430.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.51 430.00 Td (, ) Tj ET Q q 0 0 0 rg BT 285.51 430.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.45 430.00 Td ($28 ) Tj ET Q q 0 0 0 rg BT 319.95 430.00 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.84 430.00 Td ( ) Tj ET Q q 0 0 0 rg BT 351.34 430.00 Td (for ) Tj ET Q q 0 0 0 rg BT 365.50 430.00 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 430.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 430.00 Td ( ) Tj ET Q q 0 0 0 rg BT 412.15 430.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.09 430.00 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.09 430.00 Td (, ) Tj ET Q q 0 0 0 rg BT 454.09 430.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 501.75 430.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.57 409.00 Td (table ) Tj ET Q q 0 0 0 rg BT 91.03 409.00 Td (below ) Tj ET Q q 0 0 0 rg BT 118.49 409.00 Td (sets ) Tj ET Q q 0 0 0 rg BT 136.51 409.00 Td (forth ) Tj ET Q q 0 0 0 rg BT 158.97 409.00 Td (the ) Tj ET Q q 0 0 0 rg BT 174.21 409.00 Td (Company) Tj ET Q q 0 0 0 rg BT 215.87 409.00 Td (s ) Tj ET Q q 0 0 0 rg BT 222.79 409.00 Td (future ) Tj ET Q q 0 0 0 rg BT 249.69 409.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 291.60 409.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 339.07 409.00 Td (under ) Tj ET Q q 0 0 0 rg BT 364.86 409.00 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 428.40 409.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 469.18 409.00 Td (leases ) Tj ET Q q 0 0 0 rg BT 496.08 409.00 Td (as ) Tj ET Q q 0 0 0 rg BT 507.44 409.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.12 409.00 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 397.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 397.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 86.11 397.00 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.50 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 359.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 359.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 329.50 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 329.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 329.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 299.50 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 299.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 299.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 269.50 438.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 269.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 269.50 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 359.5 m 488.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 359.5 m 562.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 359.5 m 488.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 359.5 m 562.5 359.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 269.5 m 562.5 269.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 254.5 m 562.5 254.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 364.18 Td (Years ending August 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.05 374.18 Td (Operating) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.80 364.18 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.07 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 349.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 349.17 Td (22,065) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 335.07 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 334.17 Td (17,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 320.07 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 319.17 Td (15,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 305.07 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 304.17 Td (12,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.07 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 289.17 Td (9,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 275.07 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 274.17 Td (35,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 260.07 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 259.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 259.17 Td (111,528) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 228.00 Td (Contingencies Environmental) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.00 Td (Changes ) Tj ET Q q 0 0 0 rg BT 86.43 210.00 Td (in ) Tj ET Q q 0 0 0 rg BT 96.20 210.00 Td (the ) Tj ET Q q 0 0 0 rg BT 110.41 210.00 Td (Company) Tj ET Q q 0 0 0 rg BT 152.07 210.00 Td (s ) Tj ET Q q 0 0 0 rg BT 157.96 210.00 Td (environmental ) Tj ET Q q 0 0 0 rg BT 217.71 210.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 256.91 210.00 Td (for ) Tj ET Q q 0 0 0 rg BT 270.56 210.00 Td (the ) Tj ET Q q 0 0 0 rg BT 284.77 210.00 Td (years ) Tj ET Q q 0 0 0 rg BT 307.86 210.00 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.29 210.00 Td (August ) Tj ET Q q 0 0 0 rg BT 364.17 210.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 378.67 210.00 Td (2014 ) Tj ET Q q 0 0 0 rg BT 400.66 210.00 Td (and ) Tj ET Q q 0 0 0 rg BT 417.09 210.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.09 210.00 Td ( ) Tj ET Q q 0 0 0 rg BT 439.08 210.00 Td (were ) Tj ET Q q 0 0 0 rg BT 460.50 210.00 Td (as ) Tj ET Q q 0 0 0 rg BT 470.82 210.00 Td (follows ) Tj ET Q q 0 0 0 rg BT 502.81 210.00 Td (\(in ) Tj ET Q q 0 0 0 rg BT 515.91 210.00 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 158.50 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 158.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 158.50 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 158.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 158.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 158.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 158.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 158.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 158.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 158.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 158.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 130.50 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 130.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 171.50 130.50 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 226.50 130.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 274.50 130.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 130.50 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 130.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 130.50 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 130.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 130.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 130.50 41.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 158.5 m 122.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 158.5 m 167.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 158.5 m 222.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 158.5 m 270.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 158.5 m 319.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 158.5 m 375.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 158.5 m 423.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 158.5 m 472.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 158.5 m 517.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 158.5 m 562.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 158.5 m 167.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 158.5 m 222.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 158.5 m 270.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 158.5 m 375.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 158.5 m 423.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 158.5 m 472.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 158.5 m 517.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 158.5 m 562.5 158.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 116.5 m 167.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 116.5 m 222.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 116.5 m 270.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 116.5 m 319.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 116.5 m 375.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 116.5 m 423.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 116.5 m 472.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 116.5 m 517.5 116.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 116.5 m 562.5 116.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 102.5 m 167.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 171.5 102.5 m 222.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 102.5 m 270.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 102.5 m 319.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 102.5 m 375.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 102.5 m 423.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 102.5 m 472.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 102.5 m 517.5 102.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 102.5 m 562.5 102.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 171.95 Td (Reporting) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 162.95 Td (Segment) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 129.25 171.95 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 126.20 162.95 Td (8/31/2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.20 189.95 Td (Liabilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 174.20 180.95 Td (Established) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 175.35 171.95 Td (\(Released\),) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.30 162.95 Td (Net) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 199.79 167.03 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 229.25 180.95 Td (Payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 240.70 171.95 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 236.55 162.95 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.45 180.95 Td (Ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 281.25 171.95 Td (Balance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.20 162.95 Td (8/31/2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.70 189.95 Td (Liabilities ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.70 180.95 Td (Established) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 327.85 171.95 Td (\(Released\),) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.80 162.95 Td (Net) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 352.29 167.03 Td (\(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.25 180.95 Td (Payments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 393.70 171.95 Td (and) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.55 162.95 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.45 180.95 Td (Ending) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 434.25 171.95 Td (Balance ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.20 162.95 Td (8/31/2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 484.25 171.95 Td (Short-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 486.15 162.95 Td (Term) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 529.95 171.95 Td (Long-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 531.15 162.95 Td (Term) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 148.96 Td (MRB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.85 148.96 Td (30,859) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.65 148.96 Td (\(69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.65 148.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.50 148.96 Td (\(270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.00 148.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.25 148.96 Td (30,520) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 148.96 Td (199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.50 148.96 Td (\(580) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 148.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 148.96 Td (30,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 148.96 Td (421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.00 148.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 148.96 Td (29,718) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 134.96 Td (APB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.85 134.96 Td (16,200) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.40 134.96 Td (2,574) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.00 134.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.25 134.96 Td (18,774) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.50 134.96 Td (\(847) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.00 134.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.50 134.96 Td (\(105) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 134.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 134.96 Td (17,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.50 134.96 Td (554) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 134.96 Td (17,268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 120.96 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.65 121.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 121.07 Td (500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.00 120.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.50 120.96 Td (500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.00 120.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.50 120.96 Td (\(112) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 120.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.50 120.96 Td (388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 120.96 Td (87) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 120.96 Td (301) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 106.96 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 125.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 138.85 106.96 Td (47,059) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 198.40 106.96 Td (3,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 229.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 250.50 106.96 Td (\(270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.00 106.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.25 106.96 Td (49,794) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.50 106.96 Td (\(648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.00 106.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.50 106.96 Td (\(797) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 106.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.25 106.96 Td (48,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.75 106.96 Td (1,062) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.00 106.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 106.96 Td (47,287) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 93.40 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 77.80 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 77.80 Td (During ) Tj ET Q q 0 0 0 rg BT 91.88 77.80 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 110.42 77.80 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 126.42 77.80 Td (, ) Tj ET Q q 0 0 0 rg BT 129.63 77.80 Td (the ) Tj ET Q q 0 0 0 rg BT 140.62 77.80 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.94 77.80 Td (recorded ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 202.13 77.80 Td ($3 ) Tj ET Q q 0 0 0 rg BT 211.35 77.80 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 234.46 77.80 Td ( ) Tj ET Q q 0 0 0 rg BT 235.68 77.80 Td (in ) Tj ET Q q 0 0 0 rg BT 243.11 77.80 Td (purchase ) Tj ET Q q 0 0 0 rg BT 272.76 77.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 309.07 77.80 Td (for ) Tj ET Q q 0 0 0 rg BT 319.61 77.80 Td (environmental ) Tj ET Q q 0 0 0 rg BT 367.03 77.80 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 398.02 77.80 Td (related ) Tj ET Q q 0 0 0 rg BT 420.99 77.80 Td (to ) Tj ET Q q 0 0 0 rg BT 428.43 77.80 Td (properties ) Tj ET Q q 0 0 0 rg BT 461.63 77.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 490.38 77.80 Td (or ) Tj ET Q q 0 0 0 rg BT 498.26 77.80 Td (leased ) Tj ET Q q 0 0 0 rg BT 519.46 77.80 Td (in ) Tj ET Q q 0 0 0 rg BT 526.90 77.80 Td (connection ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 68.20 Td (with ) Tj ET Q q 0 0 0 rg BT 84.22 68.20 Td (business ) Tj ET Q q 0 0 0 rg BT 113.34 68.20 Td (combinations. ) Tj ET Q q 0 0 0 rg BT 160.00 68.20 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 191.34 68.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 221.32 68.20 Td (in ) Tj ET Q q 0 0 0 rg BT 229.54 68.20 Td (purchase ) Tj ET Q q 0 0 0 rg BT 259.97 68.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 297.07 68.20 Td (in ) Tj ET Q q 0 0 0 rg BT 305.29 68.20 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 324.61 68.20 Td (2014 ) Tj ET Q q 0 0 0 rg BT 342.61 68.20 Td (were ) Tj ET Q q 0 0 0 rg BT 360.16 68.20 Td (immaterial.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (69) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 731.25 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.67 713.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.99 713.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 120.43 713.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.43 713.25 Td (, ) Tj ET Q q 0 0 0 rg BT 145.48 713.25 Td (MRB ) Tj ET Q q 0 0 0 rg BT 170.27 713.25 Td (had ) Tj ET Q q 0 0 0 rg BT 187.26 713.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 247.57 713.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 287.34 713.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.22 713.25 Td ($30 ) Tj ET Q q 0 0 0 rg BT 315.77 713.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.67 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.22 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 361.43 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.20 713.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 413.74 713.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 464.06 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.94 713.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 513.59 713.25 Td (where ) Tj ET Q q 0 0 0 rg BT 540.58 713.25 Td (it ) Tj ET Q q 0 0 0 rg BT 548.69 713.25 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 93.59 701.25 Td (business ) Tj ET Q q 0 0 0 rg BT 129.99 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 140.82 701.25 Td (has ) Tj ET Q q 0 0 0 rg BT 156.65 701.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 216.90 701.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 256.62 701.25 Td (from ) Tj ET Q q 0 0 0 rg BT 278.56 701.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 318.27 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 329.10 701.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 356.03 701.25 Td (activities.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 678.9169921875 m 118.0615234375 678.9169921875 l s q 0 0 0 rg BT 50.00 680.25 Td (Portland Harbor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (In ) Tj ET Q q 0 0 0 rg BT 62.70 662.25 Td (December ) Tj ET Q q 0 0 0 rg BT 108.14 662.25 Td (2000, ) Tj ET Q q 0 0 0 rg BT 135.01 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.59 662.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.84 662.25 Td (was ) Tj ET Q q 0 0 0 rg BT 214.76 662.25 Td (notified ) Tj ET Q q 0 0 0 rg BT 250.23 662.25 Td (by ) Tj ET Q q 0 0 0 rg BT 264.59 662.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.18 662.25 Td (United ) Tj ET Q q 0 0 0 rg BT 312.76 662.25 Td (States ) Tj ET Q q 0 0 0 rg BT 341.01 662.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 404.80 662.25 Td (Protection ) Tj ET Q q 0 0 0 rg BT 449.31 662.25 Td (Agency ) Tj ET Q q 0 0 0 rg BT 484.77 662.25 Td (\(EP) Tj ET Q q 0 0 0 rg BT 503.29 662.25 Td (A\) ) Tj ET Q q 0 0 0 rg BT 522.65 662.25 Td (under ) Tj ET Q q 0 0 0 rg BT 549.78 662.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 114.28 650.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 175.22 650.25 Td (Response, ) Tj ET Q q 0 0 0 rg BT 217.57 650.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 276.86 650.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.81 650.25 Td (Liability ) Tj ET Q q 0 0 0 rg BT 328.43 650.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 344.38 650.25 Td (\(CERCLA\) ) Tj ET Q q 0 0 0 rg BT 400.88 650.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.39 650.25 Td (it ) Tj ET Q q 0 0 0 rg BT 424.47 650.25 Td (is ) Tj ET Q q 0 0 0 rg BT 432.65 650.25 Td (one ) Tj ET Q q 0 0 0 rg BT 448.60 650.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.45 650.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.18 650.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 516.46 650.25 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 79.67 638.25 Td (\(PRPs\) ) Tj ET Q q 0 0 0 rg BT 119.91 638.25 Td (that ) Tj ET Q q 0 0 0 rg BT 137.91 638.25 Td (own ) Tj ET Q q 0 0 0 rg BT 158.15 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 169.49 638.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 201.93 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 213.28 638.25 Td (formerly ) Tj ET Q q 0 0 0 rg BT 251.28 638.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 280.95 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 292.29 638.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 329.73 638.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 350.53 638.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.98 638.25 Td (are ) Tj ET Q q 0 0 0 rg BT 393.20 638.25 Td (part ) Tj ET Q q 0 0 0 rg BT 411.76 638.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.10 638.25 Td (or ) Tj ET Q q 0 0 0 rg BT 434.45 638.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 470.77 638.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.57 638.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.80 638.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 533.70 638.25 Td (Harbor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 94.17 626.25 Td (site ) Tj ET Q q 0 0 0 rg BT 110.56 626.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 128.61 626.25 Td (Site\). ) Tj ET Q q 0 0 0 rg BT 161.20 626.25 Td (The ) Tj ET Q q 0 0 0 rg BT 179.25 626.25 Td (precise ) Tj ET Q q 0 0 0 rg BT 210.08 626.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 237.57 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.51 626.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 281.45 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.29 626.25 Td (any ) Tj ET Q q 0 0 0 rg BT 309.23 626.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 342.83 626.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.67 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.39 626.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 388.96 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.68 626.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 432.84 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.13 626.25 Td (be ) Tj ET Q q 0 0 0 rg BT 455.07 626.25 Td (involved, ) Tj ET Q q 0 0 0 rg BT 495.07 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.80 626.25 Td (process ) Tj ET Q q 0 0 0 rg BT 542.29 626.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.58 626.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (followed ) Tj ET Q q 0 0 0 rg BT 87.84 614.25 Td (for ) Tj ET Q q 0 0 0 rg BT 101.79 614.25 Td (any ) Tj ET Q q 0 0 0 rg BT 118.52 614.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 151.90 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 168.63 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.13 614.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 224.85 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.47 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.98 614.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 272.27 614.25 Td (for ) Tj ET Q q 0 0 0 rg BT 286.22 614.25 Td (any ) Tj ET Q q 0 0 0 rg BT 302.95 614.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 336.33 614.25 Td (among ) Tj ET Q q 0 0 0 rg BT 365.84 614.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 413.68 614.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 442.62 614.25 Td (have ) Tj ET Q q 0 0 0 rg BT 463.79 614.25 Td (not ) Tj ET Q q 0 0 0 rg BT 478.86 614.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 493.36 614.25 Td (been ) Tj ET Q q 0 0 0 rg BT 514.53 614.25 Td (determined, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (but ) Tj ET Q q 0 0 0 rg BT 66.12 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.69 602.25 Td (process ) Tj ET Q q 0 0 0 rg BT 115.02 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.70 602.25 Td (identifying ) Tj ET Q q 0 0 0 rg BT 173.93 602.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 217.26 602.25 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 242.30 602.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.08 602.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 303.42 602.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 346.20 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 357.87 602.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 381.22 602.25 Td (is ) Tj ET Q q 0 0 0 rg BT 391.23 602.25 Td (underway) Tj ET Q q 0 0 0 rg BT 430.01 602.25 Td (. ) Tj ET Q q 0 0 0 rg BT 435.86 602.25 Td (It ) Tj ET Q q 0 0 0 rg BT 445.31 602.25 Td (is ) Tj ET Q q 0 0 0 rg BT 455.33 602.25 Td (unclear ) Tj ET Q q 0 0 0 rg BT 488.10 602.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.23 602.25 Td (what ) Tj ET Q q 0 0 0 rg BT 522.01 602.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 549.79 602.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.51 590.25 Td (will ) Tj ET Q q 0 0 0 rg BT 109.68 590.25 Td (be ) Tj ET Q q 0 0 0 rg BT 121.74 590.25 Td (liable ) Tj ET Q q 0 0 0 rg BT 146.57 590.25 Td (for ) Tj ET Q q 0 0 0 rg BT 160.85 590.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 221.23 590.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.85 590.25 Td (or ) Tj ET Q q 0 0 0 rg BT 254.80 590.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 285.18 590.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 321.67 590.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 355.38 590.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 384.11 590.25 Td (or ) Tj ET Q q 0 0 0 rg BT 395.06 590.25 Td (third ) Tj ET Q q 0 0 0 rg BT 416.56 590.25 Td (party ) Tj ET Q q 0 0 0 rg BT 439.73 590.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 491.23 590.25 Td (or ) Tj ET Q q 0 0 0 rg BT 502.18 590.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 535.89 590.25 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.73 578.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 102.00 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.72 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.89 578.25 Td (Site. ) Tj ET Q q 0 0 0 rg BT 148.69 578.25 Td (While ) Tj ET Q q 0 0 0 rg BT 176.07 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.24 578.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.07 578.25 Td (participated ) Tj ET Q q 0 0 0 rg BT 283.22 578.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.95 578.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 324.10 578.25 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 373.71 578.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 392.21 578.25 Td (study ) Tj ET Q q 0 0 0 rg BT 416.83 578.25 Td (ef) Tj ET Q q 0 0 0 rg BT 424.42 578.25 Td (forts, ) Tj ET Q q 0 0 0 rg BT 448.20 578.25 Td (it ) Tj ET Q q 0 0 0 rg BT 456.71 578.25 Td (is ) Tj ET Q q 0 0 0 rg BT 466.33 578.25 Td (not ) Tj ET Q q 0 0 0 rg BT 482.06 578.25 Td (party ) Tj ET Q q 0 0 0 rg BT 505.56 578.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.29 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.45 578.25 Td (consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (order ) Tj ET Q q 0 0 0 rg BT 74.16 566.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 106.64 566.25 Td (into ) Tj ET Q q 0 0 0 rg BT 125.25 566.25 Td (by ) Tj ET Q q 0 0 0 rg BT 138.31 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.58 566.25 Td (EP) Tj ET Q q 0 0 0 rg BT 164.33 566.25 Td (A) Tj ET Q q 0 0 0 rg BT 171.00 566.25 Td ( ) Tj ET Q q 0 0 0 rg BT 174.06 566.25 Td (with ) Tj ET Q q 0 0 0 rg BT 194.89 566.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 225.15 566.25 Td (other ) Tj ET Q q 0 0 0 rg BT 248.75 566.25 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 276.00 566.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 310.69 566.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.52 566.25 Td (as ) Tj ET Q q 0 0 0 rg BT 332.91 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.18 566.25 Td (Lower ) Tj ET Q q 0 0 0 rg BT 381.56 566.25 Td (W) Tj ET Q q 0 0 0 rg BT 390.59 566.25 Td (illamette ) Tj ET Q q 0 0 0 rg BT 428.64 566.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 461.68 566.25 Td (\(L) Tj ET Q q 0 0 0 rg BT 474.82 566.25 Td (WG\), ) Tj ET Q q 0 0 0 rg BT 504.80 566.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.52 566.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.02 566.25 Td (remedial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (investigation/feasibility ) Tj ET Q q 0 0 0 rg BT 146.93 554.25 Td (study ) Tj ET Q q 0 0 0 rg BT 171.10 554.25 Td (\(RI/FS\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (During ) Tj ET Q q 0 0 0 rg BT 80.10 533.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 103.53 533.25 Td (2007, ) Tj ET Q q 0 0 0 rg BT 127.80 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.78 533.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.44 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.65 533.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 227.62 533.25 Td (other ) Tj ET Q q 0 0 0 rg BT 249.94 533.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 278.36 533.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 306.78 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.33 533.25 Td (an ) Tj ET Q q 0 0 0 rg BT 327.53 533.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 358.19 533.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 401.05 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 420.60 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.59 533.25 Td (L) Tj ET Q q 0 0 0 rg BT 439.96 533.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 458.39 533.25 Td (under ) Tj ET Q q 0 0 0 rg BT 482.92 533.25 Td (which ) Tj ET Q q 0 0 0 rg BT 509.13 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 533.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (made ) Tj ET Q q 0 0 0 rg BT 74.39 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 81.56 521.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 102.06 521.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 153.67 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.18 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.13 521.25 Td (L) Tj ET Q q 0 0 0 rg BT 184.50 521.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 203.89 521.25 Td (RI/FS. ) Tj ET Q q 0 0 0 rg BT 232.83 521.25 Td (The ) Tj ET Q q 0 0 0 rg BT 251.10 521.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.72 521.25 Td (has ) Tj ET Q q 0 0 0 rg BT 308.78 521.25 Td (also ) Tj ET Q q 0 0 0 rg BT 327.63 521.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 355.35 521.25 Td (with ) Tj ET Q q 0 0 0 rg BT 375.86 521.25 Td (more ) Tj ET Q q 0 0 0 rg BT 399.14 521.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.09 521.25 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.09 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.82 521.25 Td (other ) Tj ET Q q 0 0 0 rg BT 455.10 521.25 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 482.02 521.25 Td (including ) Tj ET Q q 0 0 0 rg BT 522.52 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.47 521.25 Td (L) Tj ET Q q 0 0 0 rg BT 542.84 521.25 Td (WG, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.66 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 65.99 509.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 106.20 509.25 Td (process ) Tj ET Q q 0 0 0 rg BT 138.08 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.74 509.25 Td (establish ) Tj ET Q q 0 0 0 rg BT 184.62 509.25 Td (an ) Tj ET Q q 0 0 0 rg BT 195.95 509.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 237.26 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.48 509.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 269.37 509.25 Td (at ) Tj ET Q q 0 0 0 rg BT 278.47 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.57 509.25 Td (Site. ) Tj ET Q q 0 0 0 rg BT 312.38 509.25 Td (These ) Tj ET Q q 0 0 0 rg BT 338.14 509.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 366.68 509.25 Td (have ) Tj ET Q q 0 0 0 rg BT 387.45 509.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 421.53 509.25 Td (an ) Tj ET Q q 0 0 0 rg BT 432.86 509.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 474.17 509.25 Td (team ) Tj ET Q q 0 0 0 rg BT 495.49 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.82 509.25 Td (have ) Tj ET Q q 0 0 0 rg BT 532.58 509.25 Td (entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (into ) Tj ET Q q 0 0 0 rg BT 67.22 497.25 Td (an ) Tj ET Q q 0 0 0 rg BT 78.33 497.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 119.42 497.25 Td (process ) Tj ET Q q 0 0 0 rg BT 151.08 497.25 Td (design ) Tj ET Q q 0 0 0 rg BT 178.85 497.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 224.54 497.25 Td (The ) Tj ET Q q 0 0 0 rg BT 241.75 497.25 Td (L) Tj ET Q q 0 0 0 rg BT 247.12 497.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 265.45 497.25 Td (has ) Tj ET Q q 0 0 0 rg BT 280.44 497.25 Td (also ) Tj ET Q q 0 0 0 rg BT 298.22 497.25 Td (commenced ) Tj ET Q q 0 0 0 rg BT 348.20 497.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 377.62 497.25 Td (court ) Tj ET Q q 0 0 0 rg BT 399.83 497.25 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 440.10 497.25 Td (which ) Tj ET Q q 0 0 0 rg BT 466.21 497.25 Td (has ) Tj ET Q q 0 0 0 rg BT 481.21 497.25 Td (been ) Tj ET Q q 0 0 0 rg BT 501.75 497.25 Td (stayed, ) Tj ET Q q 0 0 0 rg BT 531.46 497.25 Td (seeking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 485.25 Td (bring ) Tj ET Q q 0 0 0 rg BT 83.89 485.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 126.38 485.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 155.53 485.25 Td (into ) Tj ET Q q 0 0 0 rg BT 173.59 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.31 485.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 230.23 485.25 Td (process.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.42 464.25 Td (January ) Tj ET Q q 0 0 0 rg BT 93.61 464.25 Td (2008, ) Tj ET Q q 0 0 0 rg BT 118.20 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.50 464.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 164.58 464.25 Td (Resource ) Tj ET Q q 0 0 0 rg BT 203.88 464.25 Td (Damages ) Tj ET Q q 0 0 0 rg BT 243.02 464.25 Td (T) Tj ET Q q 0 0 0 rg BT 248.78 464.25 Td (rustee ) Tj ET Q q 0 0 0 rg BT 274.75 464.25 Td (Council ) Tj ET Q q 0 0 0 rg BT 308.50 464.25 Td (\(T) Tj ET Q q 0 0 0 rg BT 322.03 464.25 Td (rustees\) ) Tj ET Q q 0 0 0 rg BT 359.65 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 373.40 464.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 409.38 464.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 439.79 464.25 Td (invited ) Tj ET Q q 0 0 0 rg BT 469.65 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.96 464.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 524.94 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 464.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.25 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 73.71 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.52 452.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 127.74 452.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.55 452.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 170.69 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.15 452.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 244.73 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.97 452.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 290.98 452.25 Td (Resource ) Tj ET Q q 0 0 0 rg BT 330.22 452.25 Td (Injury ) Tj ET Q q 0 0 0 rg BT 356.24 452.25 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 405.49 452.25 Td (for ) Tj ET Q q 0 0 0 rg BT 419.18 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.42 452.25 Td (Site. ) Tj ET Q q 0 0 0 rg BT 453.50 452.25 Td (Following ) Tj ET Q q 0 0 0 rg BT 496.65 452.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 534.78 452.25 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.80 440.25 Td (T) Tj ET Q q 0 0 0 rg BT 70.56 440.25 Td (rustees ) Tj ET Q q 0 0 0 rg BT 101.12 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.35 440.25 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 160.32 440.25 Td (a ) Tj ET Q q 0 0 0 rg BT 167.55 440.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 201.44 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.67 440.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 272.00 440.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 316.42 440.25 Td (was ) Tj ET Q q 0 0 0 rg BT 334.76 440.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 379.20 440.25 Td (under ) Tj ET Q q 0 0 0 rg BT 404.76 440.25 Td (which ) Tj ET Q q 0 0 0 rg BT 431.99 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.99 440.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 500.32 440.25 Td (PRPs ) Tj ET Q q 0 0 0 rg BT 524.79 440.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 554.22 440.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.57 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 85.03 428.25 Td (first ) Tj ET Q q 0 0 0 rg BT 103.38 428.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 128.38 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.96 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.41 428.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 183.42 428.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 219.52 428.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 252.86 428.25 Td (assessment. ) Tj ET Q q 0 0 0 rg BT 301.87 428.25 Td (The ) Tj ET Q q 0 0 0 rg BT 319.66 428.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 360.79 428.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 388.02 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.04 428.25 Td (that ) Tj ET Q q 0 0 0 rg BT 415.28 428.25 Td (Phase ) Tj ET Q q 0 0 0 rg BT 440.85 428.25 Td (I ) Tj ET Q q 0 0 0 rg BT 446.42 428.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 490.30 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.98 428.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 526.43 428.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.11 428.25 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 416.25 Td (those ) Tj ET Q q 0 0 0 rg BT 84.44 416.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 109.26 416.25 Td (The ) Tj ET Q q 0 0 0 rg BT 127.30 416.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 168.69 416.25 Td (did ) Tj ET Q q 0 0 0 rg BT 183.97 416.25 Td (not ) Tj ET Q q 0 0 0 rg BT 199.25 416.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 243.95 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.22 416.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 287.83 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 416.25 Td (second ) Tj ET Q q 0 0 0 rg BT 332.82 416.25 Td (phase ) Tj ET Q q 0 0 0 rg BT 358.09 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.92 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.63 416.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 413.90 416.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 450.26 416.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 483.86 416.25 Td (assessment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.44 395.25 Td (March ) Tj ET Q q 0 0 0 rg BT 92.76 395.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 107.48 395.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 132.19 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.63 395.25 Td (L) Tj ET Q q 0 0 0 rg BT 151.99 395.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 170.87 395.25 Td (submitted ) Tj ET Q q 0 0 0 rg BT 212.53 395.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.53 395.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.97 395.25 Td (EP) Tj ET Q q 0 0 0 rg BT 247.72 395.25 Td (A) Tj ET Q q 0 0 0 rg BT 254.39 395.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.61 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 273.26 395.25 Td (made ) Tj ET Q q 0 0 0 rg BT 297.14 395.25 Td (available ) Tj ET Q q 0 0 0 rg BT 335.44 395.25 Td (on ) Tj ET Q q 0 0 0 rg BT 347.66 395.25 Td (its ) Tj ET Q q 0 0 0 rg BT 359.33 395.25 Td (website ) Tj ET Q q 0 0 0 rg BT 392.09 395.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.75 395.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 419.85 395.25 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 462.05 395.25 Td (study ) Tj ET Q q 0 0 0 rg BT 485.94 395.25 Td (\(draft ) Tj ET Q q 0 0 0 rg BT 514.81 395.25 Td (FS\) ) Tj ET Q q 0 0 0 rg BT 535.92 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 395.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 67.78 383.25 Td (based ) Tj ET Q q 0 0 0 rg BT 92.77 383.25 Td (on ) Tj ET Q q 0 0 0 rg BT 104.99 383.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.97 383.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.19 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 179.41 383.25 Td (years ) Tj ET Q q 0 0 0 rg BT 202.73 383.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.28 383.25 Td (work ) Tj ET Q q 0 0 0 rg BT 236.05 383.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.71 383.25 Td ($100 ) Tj ET Q q 0 0 0 rg BT 274.94 383.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.83 383.25 Td ( ) Tj ET Q q 0 0 0 rg BT 306.05 383.25 Td (in ) Tj ET Q q 0 0 0 rg BT 316.05 383.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 338.27 383.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 378.26 383.25 Td (by ) Tj ET Q q 0 0 0 rg BT 390.48 383.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.92 383.25 Td (L) Tj ET Q q 0 0 0 rg BT 410.28 383.25 Td (WG ) Tj ET Q q 0 0 0 rg BT 429.17 383.25 Td (as ) Tj ET Q q 0 0 0 rg BT 439.72 383.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 493.60 383.25 Td (related. ) Tj ET Q q 0 0 0 rg BT 525.36 383.25 Td (The ) Tj ET Q q 0 0 0 rg BT 543.13 383.25 Td (draft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 63.83 371.25 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.75 371.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.96 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 118.67 371.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.15 371.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 191.84 371.25 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 240.63 371.25 Td (which ) Tj ET Q q 0 0 0 rg BT 267.77 371.25 Td (range ) Tj ET Q q 0 0 0 rg BT 292.69 371.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.17 371.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 344.19 371.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 363.01 371.25 Td (from ) Tj ET Q q 0 0 0 rg BT 385.15 371.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.62 371.25 Td ($170 ) Tj ET Q q 0 0 0 rg BT 468.32 371.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.21 371.25 Td ( ) Tj ET Q q 0 0 0 rg BT 499.92 371.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.40 371.25 Td ($250 ) Tj ET Q q 0 0 0 rg BT 533.11 371.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 371.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 68.10 359.25 Td (present ) Tj ET Q q 0 0 0 rg BT 99.53 359.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 127.06 359.25 Td (for ) Tj ET Q q 0 0 0 rg BT 141.27 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.04 359.25 Td (least ) Tj ET Q q 0 0 0 rg BT 176.92 359.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 203.36 359.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 248.11 359.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.44 359.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.75 359.25 Td ($1.08 ) Tj ET Q q 0 0 0 rg BT 343.80 359.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.91 359.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.46 359.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.79 359.25 Td ($1.76 ) Tj ET Q q 0 0 0 rg BT 407.84 359.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.96 359.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.51 359.25 Td (\(net ) Tj ET Q q 0 0 0 rg BT 454.60 359.25 Td (present ) Tj ET Q q 0 0 0 rg BT 486.03 359.25 Td (value\) ) Tj ET Q q 0 0 0 rg BT 513.57 359.25 Td (for ) Tj ET Q q 0 0 0 rg BT 527.78 359.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.55 359.25 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.25 Td (costly ) Tj ET Q q 0 0 0 rg BT 76.35 347.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.26 347.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 132.94 347.25 Td (a ) Tj ET Q q 0 0 0 rg BT 139.84 347.25 Td (range ) Tj ET Q q 0 0 0 rg BT 164.52 347.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.32 347.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.32 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.78 347.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.03 347.25 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.03 347.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.50 347.25 Td (years ) Tj ET Q q 0 0 0 rg BT 239.06 347.25 Td (to ) Tj ET Q q 0 0 0 rg BT 249.31 347.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 294.54 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.23 347.25 Td (remedial ) Tj ET Q q 0 0 0 rg BT 346.68 347.25 Td (work, ) Tj ET Q q 0 0 0 rg BT 372.19 347.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 416.32 347.25 Td (on ) Tj ET Q q 0 0 0 rg BT 428.78 347.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.47 347.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 478.14 347.25 Td (alternative. ) Tj ET Q q 0 0 0 rg BT 525.12 347.25 Td (The ) Tj ET Q q 0 0 0 rg BT 543.14 347.25 Td (draft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 64.06 335.25 Td (does ) Tj ET Q q 0 0 0 rg BT 85.33 335.25 Td (not ) Tj ET Q q 0 0 0 rg BT 101.05 335.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 143.98 335.25 Td (who ) Tj ET Q q 0 0 0 rg BT 164.14 335.25 Td (is ) Tj ET Q q 0 0 0 rg BT 173.75 335.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 222.24 335.25 Td (for ) Tj ET Q q 0 0 0 rg BT 236.84 335.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 287.54 335.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 312.98 335.25 Td (define ) Tj ET Q q 0 0 0 rg BT 340.90 335.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.06 335.25 Td (precise ) Tj ET Q q 0 0 0 rg BT 387.32 335.25 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 421.35 335.25 Td (boundaries ) Tj ET Q q 0 0 0 rg BT 468.17 335.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.44 335.25 Td (select ) Tj ET Q q 0 0 0 rg BT 505.15 335.25 Td (remedies. ) Tj ET Q q 0 0 0 rg BT 546.47 335.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 70.21 323.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 82.66 323.25 Td (is ) Tj ET Q q 0 0 0 rg BT 90.65 323.25 Td (being ) Tj ET Q q 0 0 0 rg BT 114.20 323.25 Td (revised ) Tj ET Q q 0 0 0 rg BT 144.40 323.25 Td (by ) Tj ET Q q 0 0 0 rg BT 155.73 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.28 323.25 Td (EP) Tj ET Q q 0 0 0 rg BT 180.03 323.25 Td (A) Tj ET Q q 0 0 0 rg BT 186.70 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 188.03 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.79 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.34 323.25 Td (revisions ) Tj ET Q q 0 0 0 rg BT 254.78 323.25 Td (may ) Tj ET Q q 0 0 0 rg BT 273.32 323.25 Td (be ) Tj ET Q q 0 0 0 rg BT 284.09 323.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 327.63 323.25 Td (and ) Tj ET Q q 0 0 0 rg BT 343.39 323.25 Td (could ) Tj ET Q q 0 0 0 rg BT 366.94 323.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 408.80 323.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 437.34 323.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.89 323.25 Td (scope ) Tj ET Q q 0 0 0 rg BT 474.99 323.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.64 323.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 502.08 323.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.74 323.25 Td (remediation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.25 Td (While ) Tj ET Q q 0 0 0 rg BT 77.11 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.01 311.25 Td (draft ) Tj ET Q q 0 0 0 rg BT 113.57 311.25 Td (FS ) Tj ET Q q 0 0 0 rg BT 127.37 311.25 Td (is ) Tj ET Q q 0 0 0 rg BT 136.72 311.25 Td (an ) Tj ET Q q 0 0 0 rg BT 148.84 311.25 Td (important ) Tj ET Q q 0 0 0 rg BT 190.40 311.25 Td (step ) Tj ET Q q 0 0 0 rg BT 209.19 311.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.64 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.54 311.25 Td (EP) Tj ET Q q 0 0 0 rg BT 245.29 311.25 Td (A) Tj ET Q q 0 0 0 rg BT 251.41 311.25 Td () Tj ET Q q 0 0 0 rg BT 254.18 311.25 Td (s ) Tj ET Q q 0 0 0 rg BT 260.76 311.25 Td (development ) Tj ET Q q 0 0 0 rg BT 315.09 311.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.10 311.25 Td (a ) Tj ET Q q 0 0 0 rg BT 333.21 311.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 372.55 311.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 392.45 311.25 Td (for ) Tj ET Q q 0 0 0 rg BT 406.79 311.25 Td (addressing ) Tj ET Q q 0 0 0 rg BT 452.24 311.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.13 311.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 487.87 311.25 Td (a ) Tj ET Q q 0 0 0 rg BT 494.99 311.25 Td (final ) Tj ET Q q 0 0 0 rg BT 515.99 311.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 552.00 311.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.09 299.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 92.95 299.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.26 299.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 137.57 299.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.77 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.86 299.25 Td (required ) Tj ET Q q 0 0 0 rg BT 200.05 299.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 250.68 299.25 Td (will ) Tj ET Q q 0 0 0 rg BT 269.11 299.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 294.19 299.25 Td (only ) Tj ET Q q 0 0 0 rg BT 314.85 299.25 Td (after ) Tj ET Q q 0 0 0 rg BT 336.04 299.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.13 299.25 Td (EP) Tj ET Q q 0 0 0 rg BT 361.88 299.25 Td (A) Tj ET Q q 0 0 0 rg BT 368.55 299.25 Td ( ) Tj ET Q q 0 0 0 rg BT 371.42 299.25 Td (has ) Tj ET Q q 0 0 0 rg BT 387.62 299.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 425.47 299.25 Td (a ) Tj ET Q q 0 0 0 rg BT 432.79 299.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 472.32 299.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 492.41 299.25 Td (for ) Tj ET Q q 0 0 0 rg BT 506.94 299.25 Td (public ) Tj ET Q q 0 0 0 rg BT 534.81 299.25 Td (review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.80 287.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 94.16 287.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.96 287.25 Td (record ) Tj ET Q q 0 0 0 rg BT 128.86 287.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.56 287.25 Td (decision ) Tj ET Q q 0 0 0 rg BT 175.24 287.25 Td (\(ROD\). ) Tj ET Q q 0 0 0 rg BT 216.76 287.25 Td (Currently ) Tj ET Q q 0 0 0 rg BT 257.44 287.25 Td (available ) Tj ET Q q 0 0 0 rg BT 295.89 287.25 Td (information ) Tj ET Q q 0 0 0 rg BT 345.47 287.25 Td (indicates ) Tj ET Q q 0 0 0 rg BT 383.37 287.25 Td (that ) Tj ET Q q 0 0 0 rg BT 400.73 287.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.31 287.25 Td (EP) Tj ET Q q 0 0 0 rg BT 426.06 287.25 Td (A) Tj ET Q q 0 0 0 rg BT 432.73 287.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.09 287.25 Td (does ) Tj ET Q q 0 0 0 rg BT 455.79 287.25 Td (not ) Tj ET Q q 0 0 0 rg BT 470.93 287.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 499.38 287.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.52 287.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 531.89 287.25 Td (its ) Tj ET Q q 0 0 0 rg BT 543.70 287.25 Td (final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (ROD ) Tj ET Q q 0 0 0 rg BT 75.10 275.25 Td (selecting ) Tj ET Q q 0 0 0 rg BT 114.64 275.25 Td (a ) Tj ET Q q 0 0 0 rg BT 123.07 275.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 157.04 275.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.69 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.90 275.25 Td (Site ) Tj ET Q q 0 0 0 rg BT 208.45 275.25 Td (until ) Tj ET Q q 0 0 0 rg BT 230.77 275.25 Td (at ) Tj ET Q q 0 0 0 rg BT 241.98 275.25 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.30 275.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.30 275.25 Td ( ) Tj ET Q q 0 0 0 rg BT 288.29 275.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.61 275.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 347.91 275.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 399.66 275.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 439.75 275.25 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.07 275.25 Td (2024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.07 275.25 Td (. ) Tj ET Q q 0 0 0 rg BT 488.56 275.25 Td (Responsibility ) Tj ET Q q 0 0 0 rg BT 550.34 275.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 107.30 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.50 263.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 156.36 263.25 Td (EP) Tj ET Q q 0 0 0 rg BT 167.11 263.25 Td (A) Tj ET Q q 0 0 0 rg BT 173.23 263.25 Td () Tj ET Q q 0 0 0 rg BT 176.00 263.25 Td (s ) Tj ET Q q 0 0 0 rg BT 181.65 263.25 Td (selected ) Tj ET Q q 0 0 0 rg BT 215.61 263.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 247.35 263.25 Td (will ) Tj ET Q q 0 0 0 rg BT 264.66 263.25 Td (be ) Tj ET Q q 0 0 0 rg BT 275.85 263.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 322.59 263.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.12 263.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.32 263.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 372.83 263.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 414.01 263.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 448.26 263.25 Td (which ) Tj ET Q q 0 0 0 rg BT 474.45 263.25 Td (is ) Tj ET Q q 0 0 0 rg BT 482.88 263.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 520.73 263.25 Td (underway) Tj ET Q q 0 0 0 rg BT 559.50 263.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 85.35 242.25 Td (there ) Tj ET Q q 0 0 0 rg BT 107.37 242.25 Td (has ) Tj ET Q q 0 0 0 rg BT 122.74 242.25 Td (not ) Tj ET Q q 0 0 0 rg BT 137.55 242.25 Td (been ) Tj ET Q q 0 0 0 rg BT 158.46 242.25 Td (a ) Tj ET Q q 0 0 0 rg BT 164.94 242.25 Td (determination ) Tj ET Q q 0 0 0 rg BT 222.51 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.87 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 242.25 Td (total ) Tj ET Q q 0 0 0 rg BT 266.93 242.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 285.08 242.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.44 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.69 242.25 Td (investigations, ) Tj ET Q q 0 0 0 rg BT 369.78 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 242.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 433.83 242.25 Td (that ) Tj ET Q q 0 0 0 rg BT 450.86 242.25 Td (will ) Tj ET Q q 0 0 0 rg BT 468.45 242.25 Td (be ) Tj ET Q q 0 0 0 rg BT 479.92 242.25 Td (required, ) Tj ET Q q 0 0 0 rg BT 517.77 242.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 242.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.61 230.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 90.64 230.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 126.79 230.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 164.05 230.25 Td (or ) Tj ET Q q 0 0 0 rg BT 174.65 230.25 Td (how ) Tj ET Q q 0 0 0 rg BT 194.15 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.64 230.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.92 230.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.52 230.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.02 230.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 291.07 230.25 Td (investigations ) Tj ET Q q 0 0 0 rg BT 348.90 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.61 230.25 Td (any ) Tj ET Q q 0 0 0 rg BT 382.32 230.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 414.58 230.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.30 230.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 461.34 230.25 Td (resource ) Tj ET Q q 0 0 0 rg BT 497.48 230.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 534.74 230.25 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 230.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 88.72 218.25 Td (among ) Tj ET Q q 0 0 0 rg BT 118.56 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.40 218.25 Td (PRPs, ) Tj ET Q q 0 0 0 rg BT 160.21 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.06 218.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 216.57 218.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 251.96 218.25 Td (it ) Tj ET Q q 0 0 0 rg BT 260.15 218.25 Td (is ) Tj ET Q q 0 0 0 rg BT 269.44 218.25 Td (not ) Tj ET Q q 0 0 0 rg BT 284.85 218.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 320.25 218.25 Td (to ) Tj ET Q q 0 0 0 rg BT 330.66 218.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 376.60 218.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 412.55 218.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.39 218.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 460.01 218.25 Td (or ) Tj ET Q q 0 0 0 rg BT 470.97 218.25 Td (range ) Tj ET Q q 0 0 0 rg BT 495.81 218.25 Td (of ) Tj ET Q q 0 0 0 rg BT 506.76 218.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.39 218.25 Td (which ) Tj ET Q q 0 0 0 rg BT 556.46 218.25 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.01 206.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 84.12 206.25 Td (or ) Tj ET Q q 0 0 0 rg BT 94.78 206.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 140.43 206.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 175.55 206.25 Td (that ) Tj ET Q q 0 0 0 rg BT 192.88 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.43 206.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 248.66 206.25 Td (may ) Tj ET Q q 0 0 0 rg BT 268.21 206.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 291.09 206.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.21 206.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 347.42 206.25 Td (with ) Tj ET Q q 0 0 0 rg BT 367.53 206.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.08 206.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 402.48 206.25 Td (although ) Tj ET Q q 0 0 0 rg BT 439.81 206.25 Td (such ) Tj ET Q q 0 0 0 rg BT 460.48 206.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 482.81 206.25 Td (could ) Tj ET Q q 0 0 0 rg BT 507.37 206.25 Td (be ) Tj ET Q q 0 0 0 rg BT 519.14 206.25 Td (material ) Tj ET Q q 0 0 0 rg BT 554.24 206.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.14 194.25 Td (Company) Tj ET Q q 0 0 0 rg BT 105.80 194.25 Td (s ) Tj ET Q q 0 0 0 rg BT 111.62 194.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.52 194.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 185.17 194.25 Td (results ) Tj ET Q q 0 0 0 rg BT 213.20 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.45 194.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 269.52 194.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.21 194.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 313.36 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.72 194.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 362.96 194.25 Td (. ) Tj ET Q q 0 0 0 rg BT 366.96 194.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 398.88 194.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.02 194.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 433.81 194.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 471.83 194.25 Td (not ) Tj ET Q q 0 0 0 rg BT 486.53 194.25 Td (known ) Tj ET Q q 0 0 0 rg BT 515.67 194.25 Td (or ) Tj ET Q q 0 0 0 rg BT 525.92 194.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.90 182.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 99.25 182.25 Td (information ) Tj ET Q q 0 0 0 rg BT 149.16 182.25 Td (on ) Tj ET Q q 0 0 0 rg BT 161.85 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.76 182.25 Td (history ) Tj ET Q q 0 0 0 rg BT 207.24 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.26 182.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 262.62 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.64 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.78 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.69 182.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 333.37 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.39 182.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 182.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 379.22 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.25 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.38 182.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 446.18 182.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.31 182.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 507.66 182.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 552.00 182.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.25 Td (each ) Tj ET Q q 0 0 0 rg BT 70.69 170.25 Td (property ) Tj ET Q q 0 0 0 rg BT 106.94 170.25 Td (within ) Tj ET Q q 0 0 0 rg BT 134.87 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.45 170.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 169.88 170.25 Td (which ) Tj ET Q q 0 0 0 rg BT 196.69 170.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.27 170.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 240.85 170.25 Td (that ) Tj ET Q q 0 0 0 rg BT 258.22 170.25 Td (will ) Tj ET Q q 0 0 0 rg BT 276.15 170.25 Td (play ) Tj ET Q q 0 0 0 rg BT 295.74 170.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.55 170.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 347.69 170.25 Td (role ) Tj ET Q q 0 0 0 rg BT 365.61 170.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.76 170.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 426.45 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.04 170.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 482.84 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.55 170.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 547.58 170.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 82.11 158.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 104.23 158.25 Td (among ) Tj ET Q q 0 0 0 rg BT 133.57 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.91 158.25 Td (PRPs. ) Tj ET Q q 0 0 0 rg BT 174.06 158.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.73 158.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.73 158.25 Td (has ) Tj ET Q q 0 0 0 rg BT 248.19 158.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 288.62 158.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 321.85 158.25 Td (that ) Tj ET Q q 0 0 0 rg BT 338.97 158.25 Td (it ) Tj ET Q q 0 0 0 rg BT 346.64 158.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 381.53 158.25 Td (will ) Tj ET Q q 0 0 0 rg BT 399.21 158.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 431.88 158.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 493.98 158.25 Td (for ) Tj ET Q q 0 0 0 rg BT 507.76 158.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.88 158.25 Td (it ) Tj ET Q q 0 0 0 rg BT 537.56 158.25 Td (incurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.61 146.25 Td (defense ) Tj ET Q q 0 0 0 rg BT 98.09 146.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.48 146.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 166.18 146.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.91 146.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 223.73 146.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.45 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.61 146.25 Td (Site, ) Tj ET Q q 0 0 0 rg BT 280.62 146.25 Td (although ) Tj ET Q q 0 0 0 rg BT 318.56 146.25 Td (there ) Tj ET Q q 0 0 0 rg BT 341.49 146.25 Td (is ) Tj ET Q q 0 0 0 rg BT 351.11 146.25 Td (no ) Tj ET Q q 0 0 0 rg BT 364.06 146.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 405.87 146.25 Td (that ) Tj ET Q q 0 0 0 rg BT 423.81 146.25 Td (those ) Tj ET Q q 0 0 0 rg BT 447.87 146.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 481.92 146.25 Td (will ) Tj ET Q q 0 0 0 rg BT 500.42 146.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 525.57 146.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.52 146.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 146.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 73.41 134.25 Td (which ) Tj ET Q q 0 0 0 rg BT 101.26 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.89 134.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 159.18 134.25 Td (may ) Tj ET Q q 0 0 0 rg BT 179.81 134.25 Td (incur) Tj ET Q q 0 0 0 rg BT 199.81 134.25 Td (. ) Tj ET Q q 0 0 0 rg BT 205.47 134.25 Td (The ) Tj ET Q q 0 0 0 rg BT 224.43 134.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.73 134.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 312.35 134.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 350.74 134.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.59 134.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 393.11 134.25 Td (for ) Tj ET Q q 0 0 0 rg BT 408.18 134.25 Td (its ) Tj ET Q q 0 0 0 rg BT 421.04 134.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 462.77 134.25 Td (share ) Tj ET Q q 0 0 0 rg BT 487.28 134.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.02 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.65 134.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.06 134.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 134.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (investigation ) Tj ET Q q 0 0 0 rg BT 104.16 122.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.99 122.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 127.49 122.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.38 122.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.87 101.25 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 100.19 101.25 Td (Department ) Tj ET Q q 0 0 0 rg BT 149.72 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.38 101.25 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 222.13 101.25 Td (Quality ) Tj ET Q q 0 0 0 rg BT 254.45 101.25 Td (is ) Tj ET Q q 0 0 0 rg BT 263.45 101.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 306.31 101.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 347.52 101.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 387.07 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.72 101.25 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 438.37 101.25 Td (investigations ) Tj ET Q q 0 0 0 rg BT 496.25 101.25 Td (by ) Tj ET Q q 0 0 0 rg BT 508.58 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 101.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 91.08 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.03 89.25 Td (Company) Tj ET Q q 0 0 0 rg BT 147.70 89.25 Td (s ) Tj ET Q q 0 0 0 rg BT 154.33 89.25 Td (sites ) Tj ET Q q 0 0 0 rg BT 174.85 89.25 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 210.90 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.42 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.38 89.25 Td (Portland ) Tj ET Q q 0 0 0 rg BT 273.00 89.25 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 304.07 89.25 Td (which ) Tj ET Q q 0 0 0 rg BT 331.25 89.25 Td (are ) Tj ET Q q 0 0 0 rg BT 346.19 89.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 380.03 89.25 Td (on ) Tj ET Q q 0 0 0 rg BT 392.77 89.25 Td (controlling ) Tj ET Q q 0 0 0 rg BT 439.40 89.25 Td (any ) Tj ET Q q 0 0 0 rg BT 456.57 89.25 Td (current ) Tj ET Q q 0 0 0 rg BT 487.63 89.25 Td (uplands ) Tj ET Q q 0 0 0 rg BT 530.36 89.25 Td (releases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.19 77.25 Td (contaminants ) Tj ET Q q 0 0 0 rg BT 117.38 77.25 Td (into ) Tj ET Q q 0 0 0 rg BT 135.80 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.67 77.25 Td (W) Tj ET Q q 0 0 0 rg BT 159.71 77.25 Td (illamette ) Tj ET Q q 0 0 0 rg BT 197.55 77.25 Td (River) Tj ET Q q 0 0 0 rg BT 219.22 77.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.58 77.25 Td (No ) Tj ET Q q 0 0 0 rg BT 239.67 77.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 279.75 77.25 Td (have ) Tj ET Q q 0 0 0 rg BT 301.49 77.25 Td (been ) Tj ET Q q 0 0 0 rg BT 323.23 77.25 Td (established ) Tj ET Q q 0 0 0 rg BT 370.52 77.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.16 77.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 427.90 77.25 Td (with ) Tj ET Q q 0 0 0 rg BT 448.54 77.25 Td (these ) Tj ET Q q 0 0 0 rg BT 471.95 77.25 Td (investigations ) Tj ET Q q 0 0 0 rg BT 530.36 77.25 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.48 65.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 91.17 65.25 Td (of ) Tj ET Q q 0 0 0 rg BT 101.77 65.25 Td (contamination ) Tj ET Q q 0 0 0 rg BT 161.24 65.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 172.94 65.25 Td (any\) ) Tj ET Q q 0 0 0 rg BT 192.97 65.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.67 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.15 65.25 Td (Company) Tj ET Q q 0 0 0 rg BT 265.81 65.25 Td (s ) Tj ET Q q 0 0 0 rg BT 271.97 65.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 328.67 65.25 Td (for ) Tj ET Q q 0 0 0 rg BT 342.59 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.07 65.25 Td (contamination ) Tj ET Q q 0 0 0 rg BT 416.54 65.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 428.24 65.25 Td (any\) ) Tj ET Q q 0 0 0 rg BT 448.27 65.25 Td (has ) Tj ET Q q 0 0 0 rg BT 463.87 65.25 Td (not ) Tj ET Q q 0 0 0 rg BT 478.91 65.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 493.39 65.25 Td (been ) Tj ET Q q 0 0 0 rg BT 514.52 65.25 Td (determined.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (70) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 729.7669921875 m 117.763671875 729.7669921875 l s q 0 0 0 rg BT 50.00 731.10 Td (Other MRB Sites) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (As ) Tj ET Q q 0 0 0 rg BT 64.09 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.74 713.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 121.61 713.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.61 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.09 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.28 713.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 204.15 713.10 Td (had ) Tj ET Q q 0 0 0 rg BT 221.56 713.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 282.30 713.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 322.49 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 352.67 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.43 713.10 Td (various ) Tj ET Q q 0 0 0 rg BT 395.84 713.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 421.05 713.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 441.81 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 465.33 713.10 Td (than ) Tj ET Q q 0 0 0 rg BT 485.53 713.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 522.39 713.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 553.69 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 67.30 701.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.19 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 100.82 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.66 701.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 158.17 701.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 182.67 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.75 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 701.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 244.55 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 270.72 701.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 320.78 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.40 701.10 Td (soil ) Tj ET Q q 0 0 0 rg BT 348.15 701.10 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 410.15 701.10 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 462.98 701.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 522.49 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.22 701.10 Td (storm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (water ) Tj ET Q q 0 0 0 rg BT 74.71 689.10 Td (runof) Tj ET Q q 0 0 0 rg BT 96.19 689.10 Td (f ) Tj ET Q q 0 0 0 rg BT 102.02 689.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 128.41 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.35 689.10 Td (were ) Tj ET Q q 0 0 0 rg BT 167.28 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.55 689.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 233.38 689.10 Td (material ) Tj ET Q q 0 0 0 rg BT 268.64 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 278.36 689.10 Td (any ) Tj ET Q q 0 0 0 rg BT 295.30 689.10 Td (site.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 668.10 Td (Auto Parts Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (As ) Tj ET Q q 0 0 0 rg BT 62.97 650.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.75 650.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 118.50 650.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.50 650.10 Td (, ) Tj ET Q q 0 0 0 rg BT 142.85 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.93 650.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 197.67 650.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.97 650.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 273.58 650.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 312.65 650.10 Td (related ) Tj ET Q q 0 0 0 rg BT 341.71 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.35 650.10 Td (various ) Tj ET Q q 0 0 0 rg BT 382.23 650.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 403.54 650.10 Td (sites ) Tj ET Q q 0 0 0 rg BT 423.18 650.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.37 650.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 450.22 650.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.12 650.10 Td (. ) Tj ET Q q 0 0 0 rg BT 483.34 650.10 Td (The ) Tj ET Q q 0 0 0 rg BT 500.74 650.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 539.82 650.10 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.15 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.75 638.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 112.11 638.10 Td (future ) Tj ET Q q 0 0 0 rg BT 138.36 638.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 188.50 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.20 638.10 Td (soil ) Tj ET Q q 0 0 0 rg BT 216.03 638.10 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 278.11 638.10 Td (groundwater ) Tj ET Q q 0 0 0 rg BT 331.02 638.10 Td (contamination ) Tj ET Q q 0 0 0 rg BT 390.61 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.42 638.10 Td (storm ) Tj ET Q q 0 0 0 rg BT 432.57 638.10 Td (water ) Tj ET Q q 0 0 0 rg BT 457.16 638.10 Td (runof) Tj ET Q q 0 0 0 rg BT 478.64 638.10 Td (f ) Tj ET Q q 0 0 0 rg BT 484.34 638.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 510.61 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.42 638.10 Td (were ) Tj ET Q q 0 0 0 rg BT 549.23 638.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (individually ) Tj ET Q q 0 0 0 rg BT 100.83 626.10 Td (material ) Tj ET Q q 0 0 0 rg BT 136.09 626.10 Td (at ) Tj ET Q q 0 0 0 rg BT 145.81 626.10 Td (any ) Tj ET Q q 0 0 0 rg BT 162.74 626.10 Td (site.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (Steel Manufacturing Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.10 Td (SMB) Tj ET Q q 0 0 0 rg BT 73.90 587.10 Td (s ) Tj ET Q q 0 0 0 rg BT 80.45 587.10 Td (electric ) Tj ET Q q 0 0 0 rg BT 112.53 587.10 Td (arc ) Tj ET Q q 0 0 0 rg BT 127.40 587.10 Td (furnace ) Tj ET Q q 0 0 0 rg BT 160.04 587.10 Td (generates ) Tj ET Q q 0 0 0 rg BT 200.45 587.10 Td (dust ) Tj ET Q q 0 0 0 rg BT 219.78 587.10 Td (\(EAF ) Tj ET Q q 0 0 0 rg BT 249.10 587.10 Td (dust\) ) Tj ET Q q 0 0 0 rg BT 276.20 587.10 Td (that ) Tj ET Q q 0 0 0 rg BT 293.85 587.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.18 587.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 343.61 587.10 Td (as ) Tj ET Q q 0 0 0 rg BT 354.60 587.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 397.79 587.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 423.22 587.10 Td (by ) Tj ET Q q 0 0 0 rg BT 435.88 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.76 587.10 Td (EP) Tj ET Q q 0 0 0 rg BT 461.51 587.10 Td (A) Tj ET Q q 0 0 0 rg BT 468.18 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.84 587.10 Td (because ) Tj ET Q q 0 0 0 rg BT 505.15 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 587.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.25 587.10 Td (zinc ) Tj ET Q q 0 0 0 rg BT 547.56 587.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 68.92 575.10 Td (content. ) Tj ET Q q 0 0 0 rg BT 102.62 575.10 Td (As ) Tj ET Q q 0 0 0 rg BT 115.99 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.69 575.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 149.67 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.15 575.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.30 575.10 Td (captures ) Tj ET Q q 0 0 0 rg BT 240.88 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.36 575.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 276.52 575.10 Td (dust ) Tj ET Q q 0 0 0 rg BT 295.45 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.15 575.10 Td (ships ) Tj ET Q q 0 0 0 rg BT 334.98 575.10 Td (it ) Tj ET Q q 0 0 0 rg BT 342.80 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.84 575.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 399.52 575.10 Td (rail ) Tj ET Q q 0 0 0 rg BT 415.11 575.10 Td (cars ) Tj ET Q q 0 0 0 rg BT 433.47 575.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.51 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.21 575.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 469.69 575.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.95 575.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 517.54 575.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.24 575.10 Td (treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 563.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 96.10 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.82 563.10 Td (EAF ) Tj ET Q q 0 0 0 rg BT 132.21 563.10 Td (dust ) Tj ET Q q 0 0 0 rg BT 151.38 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.66 563.10 Td (be ) Tj ET Q q 0 0 0 rg BT 173.60 563.10 Td (delisted ) Tj ET Q q 0 0 0 rg BT 207.20 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.03 563.10 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 261.07 563.10 Td (waste ) Tj ET Q q 0 0 0 rg BT 286.34 563.10 Td (so ) Tj ET Q q 0 0 0 rg BT 297.73 563.10 Td (it ) Tj ET Q q 0 0 0 rg BT 305.79 563.10 Td (can ) Tj ET Q q 0 0 0 rg BT 322.16 563.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.10 563.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 371.60 563.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.43 563.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.26 563.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.20 563.10 Td (non-hazardous ) Tj ET Q q 0 0 0 rg BT 461.57 563.10 Td (solid ) Tj ET Q q 0 0 0 rg BT 483.52 563.10 Td (waste.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 73.78 542.10 Td (has ) Tj ET Q q 0 0 0 rg BT 89.77 542.10 Td (an ) Tj ET Q q 0 0 0 rg BT 101.86 542.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 142.28 542.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 171.04 542.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 198.70 542.10 Td (under ) Tj ET Q q 0 0 0 rg BT 223.93 542.10 Td (T) Tj ET Q q 0 0 0 rg BT 229.69 542.10 Td (itle) Tj ET Q q 0 0 0 rg BT 244.78 542.10 Td (V) Tj ET Q q 0 0 0 rg BT 251.82 542.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.48 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.46 542.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.34 542.10 Td (Clean ) Tj ET Q q 0 0 0 rg BT 305.73 542.10 Td (Air ) Tj ET Q q 0 0 0 rg BT 321.13 542.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 337.64 542.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 393.62 542.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.61 542.10 Td (1990, ) Tj ET Q q 0 0 0 rg BT 429.76 542.10 Td (which ) Tj ET Q q 0 0 0 rg BT 456.86 542.10 Td (governs ) Tj ET Q q 0 0 0 rg BT 491.17 542.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 521.03 542.10 Td (air ) Tj ET Q q 0 0 0 rg BT 534.24 542.10 Td (quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 92.44 530.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.32 530.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 138.77 530.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.78 530.10 Td (based ) Tj ET Q q 0 0 0 rg BT 172.88 530.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 195.22 530.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.00 530.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 235.99 530.10 Td (production ) Tj ET Q q 0 0 0 rg BT 281.66 530.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 317.31 530.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.98 530.10 Td (950 ) Tj ET Q q 0 0 0 rg BT 345.31 530.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.42 530.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.76 530.10 Td (tons. ) Tj ET Q q 0 0 0 rg BT 405.10 530.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.99 530.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 451.43 530.10 Td (was ) Tj ET Q q 0 0 0 rg BT 469.32 530.10 Td (first ) Tj ET Q q 0 0 0 rg BT 487.77 530.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 515.11 530.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.22 530.10 Td (1998 ) Tj ET Q q 0 0 0 rg BT 547.56 530.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 518.10 Td (since ) Tj ET Q q 0 0 0 rg BT 88.88 518.10 Td (been ) Tj ET Q q 0 0 0 rg BT 110.25 518.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 146.62 518.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.23 518.10 Td (February1, ) Tj ET Q q 0 0 0 rg BT 228.83 518.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.83 518.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (SMB had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.56 497.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.56 497.10 Td ( environmental liabilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.15 497.10 Td (August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.54 497.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 74.99 476.10 Td (than ) Tj ET Q q 0 0 0 rg BT 94.42 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.86 476.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 144.96 476.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 175.50 476.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 219.38 476.10 Td (site, ) Tj ET Q q 0 0 0 rg BT 237.98 476.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.64 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 273.53 476.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 314.08 476.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 342.67 476.10 Td (management ) Tj ET Q q 0 0 0 rg BT 395.98 476.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 434.29 476.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 469.27 476.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.49 476.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 524.24 476.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (has ) Tj ET Q q 0 0 0 rg BT 66.01 464.10 Td (been ) Tj ET Q q 0 0 0 rg BT 87.57 464.10 Td (made ) Tj ET Q q 0 0 0 rg BT 111.91 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.25 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.15 464.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 178.83 464.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 208.72 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.74 464.10 Td (these ) Tj ET Q q 0 0 0 rg BT 242.97 464.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 269.54 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.66 464.10 Td (that ) Tj ET Q q 0 0 0 rg BT 304.34 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.24 464.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 354.69 464.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 395.70 464.10 Td (will ) Tj ET Q q 0 0 0 rg BT 413.94 464.10 Td (not ) Tj ET Q q 0 0 0 rg BT 429.40 464.10 Td (have ) Tj ET Q q 0 0 0 rg BT 450.96 464.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.08 464.10 Td (material ) Tj ET Q q 0 0 0 rg BT 493.53 464.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 526.75 464.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.33 464.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 552.00 464.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.31 452.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 119.18 452.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 158.49 452.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 204.47 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.90 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.21 452.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.20 452.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.63 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.16 452.10 Td (whole. ) Tj ET Q q 0 0 0 rg BT 316.20 452.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 362.76 452.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.36 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.67 452.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 417.65 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.97 452.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 472.95 452.10 Td (has ) Tj ET Q q 0 0 0 rg BT 488.38 452.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 531.02 452.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 550.34 452.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 440.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 121.09 440.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 159.69 440.10 Td (have ) Tj ET Q q 0 0 0 rg BT 181.06 440.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.34 440.10 Td (been ) Tj ET Q q 0 0 0 rg BT 217.72 440.10 Td (material ) Tj ET Q q 0 0 0 rg BT 252.98 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.26 440.10 Td (any ) Tj ET Q q 0 0 0 rg BT 280.20 440.10 Td (given ) Tj ET Q q 0 0 0 rg BT 304.91 440.10 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.37 416.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 97.69 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.95 416.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.88 416.10 Td (is ) Tj ET Q q 0 0 0 rg BT 161.59 416.10 Td (party ) Tj ET Q q 0 0 0 rg BT 184.18 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.00 416.10 Td (various ) Tj ET Q q 0 0 0 rg BT 225.48 416.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 246.96 416.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 297.31 416.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 326.57 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.39 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.65 416.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 381.02 416.10 Td (course ) Tj ET Q q 0 0 0 rg BT 409.16 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.54 416.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 457.97 416.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 512.21 416.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 547.02 416.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 89.45 404.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 135.04 404.10 Td (have ) Tj ET Q q 0 0 0 rg BT 157.83 404.10 Td (been ) Tj ET Q q 0 0 0 rg BT 180.63 404.10 Td (made ) Tj ET Q q 0 0 0 rg BT 206.20 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.78 404.10 Td (these ) Tj ET Q q 0 0 0 rg BT 246.24 404.10 Td (contingencies. ) Tj ET Q q 0 0 0 rg BT 307.36 404.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.82 404.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.63 404.10 Td (does ) Tj ET Q q 0 0 0 rg BT 391.88 404.10 Td (not ) Tj ET Q q 0 0 0 rg BT 408.57 404.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 451.36 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.27 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.41 404.10 Td (resolution ) Tj ET Q q 0 0 0 rg BT 530.32 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.57 404.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 101.58 392.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 132.07 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.11 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.59 392.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 190.19 392.10 Td (course ) Tj ET Q q 0 0 0 rg BT 219.55 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.15 392.10 Td (business ) Tj ET Q q 0 0 0 rg BT 268.31 392.10 Td (will ) Tj ET Q q 0 0 0 rg BT 287.13 392.10 Td (have ) Tj ET Q q 0 0 0 rg BT 309.27 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.98 392.10 Td (material ) Tj ET Q q 0 0 0 rg BT 353.00 392.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 386.81 392.10 Td (ef) Tj ET Q q 0 0 0 rg BT 394.39 392.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 412.65 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 425.91 392.10 Td (its ) Tj ET Q q 0 0 0 rg BT 438.63 392.10 Td (results ) Tj ET Q q 0 0 0 rg BT 468.00 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.60 392.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 527.02 392.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 92.77 380.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.60 380.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 123.87 380.10 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Note 12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 356.10 Td ( - Restructuring Charges and Other) Tj ET Q q 0 0 0 rg BT 235.35 356.10 Td ( Exit-Related Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.80 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.49 335.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 105.39 335.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 137.18 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.98 335.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 174.10 335.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 200.07 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.76 335.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 258.11 335.10 Td (undertook ) Tj ET Q q 0 0 0 rg BT 302.13 335.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.04 335.10 Td (number ) Tj ET Q q 0 0 0 rg BT 344.05 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.85 335.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 410.42 335.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 453.32 335.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 492.34 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.59 335.10 Td (extract ) Tj ET Q q 0 0 0 rg BT 534.26 335.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (syner) Tj ET Q q 0 0 0 rg BT 71.48 323.10 Td (gies ) Tj ET Q q 0 0 0 rg BT 89.87 323.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.60 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.10 323.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 170.60 323.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 220.66 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.39 323.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 284.11 323.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 334.17 323.10 Td (made ) Tj ET Q q 0 0 0 rg BT 358.11 323.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.17 323.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 394.88 323.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 420.77 323.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 453.59 323.10 Td (further ) Tj ET Q q 0 0 0 rg BT 483.08 323.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 528.69 323.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 76.49 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.25 311.10 Td (APB, ) Tj ET Q q 0 0 0 rg BT 120.46 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.15 311.10 Td (realign ) Tj ET Q q 0 0 0 rg BT 171.18 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.65 311.10 Td (Company) Tj ET Q q 0 0 0 rg BT 229.32 311.10 Td (s ) Tj ET Q q 0 0 0 rg BT 237.47 311.10 Td (or) Tj ET Q q 0 0 0 rg BT 245.62 311.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 291.52 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.56 311.10 Td (support ) Tj ET Q q 0 0 0 rg BT 337.82 311.10 Td (its ) Tj ET Q q 0 0 0 rg BT 351.53 311.10 Td (future ) Tj ET Q q 0 0 0 rg BT 379.66 311.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 412.25 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.95 311.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 469.62 311.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 511.64 311.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 552.00 311.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (streamlining ) Tj ET Q q 0 0 0 rg BT 102.49 299.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 142.21 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.15 299.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 196.63 299.10 Td (or) Tj ET Q q 0 0 0 rg BT 204.78 299.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 256.15 299.10 Td (layers ) Tj ET Q q 0 0 0 rg BT 282.52 299.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 300.57 299.10 Td (Q4'12 ) Tj ET Q q 0 0 0 rg BT 331.53 299.10 Td (Plan\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.73 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.34 275.10 Td (first ) Tj ET Q q 0 0 0 rg BT 93.85 275.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 124.56 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.29 275.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 159.34 275.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 184.24 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.85 275.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 240.14 275.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 285.85 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.69 275.10 Td (began ) Tj ET Q q 0 0 0 rg BT 328.96 275.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 386.90 275.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 429.29 275.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 482.78 275.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 524.62 275.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.79 275.10 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 79.33 263.10 Td (its ) Tj ET Q q 0 0 0 rg BT 91.47 263.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 120.81 263.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 161.26 263.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 200.05 263.10 Td (through ) Tj ET Q q 0 0 0 rg BT 233.84 263.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 277.62 263.10 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 324.46 263.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 376.03 263.10 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 438.43 263.10 Td (procurement ) Tj ET Q q 0 0 0 rg BT 491.65 263.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 524.34 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 263.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 97.24 251.10 Td (ef) Tj ET Q q 0 0 0 rg BT 104.83 251.10 Td (ficiencies ) Tj ET Q q 0 0 0 rg BT 145.40 251.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 163.20 251.10 Td (Q1'14 ) Tj ET Q q 0 0 0 rg BT 193.92 251.10 Td (Plan\). ) Tj ET Q q 0 0 0 rg BT 224.06 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 241.87 251.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.01 251.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 315.26 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.29 251.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 348.10 251.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 401.45 251.10 Td (char) Tj ET Q q 0 0 0 rg BT 418.48 251.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 434.07 251.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 251.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 456.91 251.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.80 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.06 251.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.10 251.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.23 251.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (these ) Tj ET Q q 0 0 0 rg BT 73.05 239.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 117.49 239.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.76 239.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 190.82 239.10 Td (all ) Tj ET Q q 0 0 0 rg BT 203.31 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.14 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.86 239.10 Td (char) Tj ET Q q 0 0 0 rg BT 245.88 239.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 261.71 239.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 297.53 239.10 Td (by ) Tj ET Q q 0 0 0 rg BT 310.03 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.75 239.10 Td (end ) Tj ET Q q 0 0 0 rg BT 341.68 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.51 239.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 376.67 239.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.74 215.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.82 215.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 147.32 215.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 201.61 215.10 Td (char) Tj ET Q q 0 0 0 rg BT 218.63 215.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 235.15 215.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 279.44 215.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.41 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.82 215.10 Td (Q4'12 ) Tj ET Q q 0 0 0 rg BT 343.03 215.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 364.00 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.63 215.10 Td (Q1'14 ) Tj ET Q q 0 0 0 rg BT 408.84 215.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 429.81 215.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.33 215.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 454.52 215.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.42 215.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.11 215.10 Td ($8 ) Tj ET Q q 0 0 0 rg BT 502.30 215.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.19 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.38 215.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.01 215.10 Td ($5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.29 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.47 203.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.52 203.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.52 203.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.42 203.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.42 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.82 203.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.66 203.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.66 203.10 Td (, ) Tj ET Q q 0 0 0 rg BT 204.56 203.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 252.22 203.10 Td (. ) Tj ET Q q 0 0 0 rg BT 256.95 203.10 Td (The ) Tj ET Q q 0 0 0 rg BT 274.90 203.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 317.84 203.10 Td (char) Tj ET Q q 0 0 0 rg BT 334.87 203.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 350.60 203.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.20 203.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 403.13 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.31 203.10 Td (be ) Tj ET Q q 0 0 0 rg BT 425.15 203.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 460.87 203.10 Td (by ) Tj ET Q q 0 0 0 rg BT 473.27 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.88 203.10 Td (end ) Tj ET Q q 0 0 0 rg BT 504.72 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.45 203.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 539.51 203.10 Td (2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 191.10 Td (vast ) Tj ET Q q 0 0 0 rg BT 86.66 191.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 123.04 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.87 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.58 191.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 202.18 191.10 Td (char) Tj ET Q q 0 0 0 rg BT 219.20 191.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 235.03 191.10 Td (require ) Tj ET Q q 0 0 0 rg BT 265.85 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.57 191.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 321.95 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.23 191.10 Td (make ) Tj ET Q q 0 0 0 rg BT 356.39 191.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.66 191.10 Td (payments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.22 167.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 94.88 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.54 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.65 167.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 171.63 167.10 Td (char) Tj ET Q q 0 0 0 rg BT 188.65 167.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 203.87 167.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 240.73 167.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.40 167.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 296.16 167.10 Td (with ) Tj ET Q q 0 0 0 rg BT 315.83 167.10 Td (these ) Tj ET Q q 0 0 0 rg BT 338.26 167.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 382.08 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.19 167.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.96 167.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 472.17 167.10 Td (other ) Tj ET Q q 0 0 0 rg BT 494.60 167.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 542.01 167.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 155.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 155.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 75.83 155.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 155.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.72 155.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 152.78 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.61 155.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 185.55 155.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 238.04 155.10 Td (related ) Tj ET Q q 0 0 0 rg BT 267.74 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.02 155.10 Td (site ) Tj ET Q q 0 0 0 rg BT 294.40 155.10 Td (closures.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 147 0 obj <>] /Rotate 0 /Contents 148 0 R>> endobj 148 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (71) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 123.96 742.10 Td (ges and other exit-related costs were comprised of the following \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 666.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 666.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 666.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 666.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 666.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 666.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 666.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 666.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 666.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 666.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 666.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 666.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 636.60 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 636.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 636.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 636.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 636.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 636.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 636.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 636.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 636.60 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 636.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 636.60 34.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 636.60 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 606.60 156.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 606.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 606.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 606.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 606.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 606.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 606.60 7.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 606.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 606.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 606.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 606.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 606.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 606.60 7.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 606.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 606.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 606.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 606.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 606.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 574.60 156.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 574.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 574.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 574.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 574.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 574.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 574.60 7.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 574.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 574.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 574.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 574.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 574.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 574.60 7.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 574.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 574.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 574.60 34.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 574.60 4.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 574.60 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 542.60 156.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 542.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 542.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 542.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 542.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 542.60 38.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.50 542.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 542.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 542.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 542.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 542.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 542.60 38.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 542.60 7.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.50 542.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 542.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 542.60 34.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 542.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 542.60 38.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 704.6 m 239.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 704.6 m 243.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 704.6 m 277.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 704.6 m 281.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 704.6 m 319.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 704.6 m 326.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 704.6 m 360.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 704.6 m 364.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 704.6 m 398.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 704.6 m 402.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 704.6 m 440.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 704.6 m 447.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 704.6 m 481.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 704.6 m 485.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 704.6 m 519.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 704.6 m 523.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 704.6 m 561.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 689.6 m 239.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 689.6 m 243.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 689.6 m 277.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 689.6 m 281.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 689.6 m 319.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 689.6 m 360.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 689.6 m 364.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 689.6 m 398.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 689.6 m 402.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 689.6 m 440.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 704.6 m 481.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 689.6 m 481.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 704.6 m 485.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 689.6 m 485.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 704.6 m 519.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 689.6 m 519.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 704.6 m 523.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 689.6 m 523.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 704.6 m 561.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 689.6 m 561.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 666.6 m 239.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 666.6 m 277.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 666.6 m 319.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 666.6 m 360.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 666.6 m 398.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 666.6 m 440.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 666.6 m 481.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 666.6 m 519.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 666.6 m 561.5 666.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 606.6 m 481.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 606.6 m 519.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 606.6 m 239.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 590.6 m 239.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 606.6 m 277.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 590.6 m 277.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 606.6 m 319.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 590.6 m 319.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 606.6 m 360.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 590.6 m 360.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 606.6 m 398.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 590.6 m 398.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 606.6 m 440.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 590.6 m 440.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 606.6 m 481.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 590.6 m 481.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 606.6 m 519.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 590.6 m 519.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 606.6 m 561.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 590.6 m 561.5 590.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 558.6 m 481.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 558.6 m 519.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 558.6 m 239.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 558.6 m 277.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 558.6 m 319.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 558.6 m 360.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 558.6 m 398.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 558.6 m 440.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 558.6 m 481.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 558.6 m 519.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 558.6 m 561.5 558.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 542.6 m 239.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 518.6 m 239.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 542.6 m 277.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 518.6 m 277.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 542.6 m 319.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 518.6 m 319.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 542.6 m 360.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 518.6 m 360.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 542.6 m 398.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 518.6 m 398.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 542.6 m 440.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 518.6 m 440.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 542.6 m 481.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 518.6 m 481.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 542.6 m 519.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 518.6 m 519.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 542.6 m 561.5 542.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 518.6 m 561.5 518.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.05 709.05 Td (Year Ended August 31,) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 253.00 694.05 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 374.00 694.05 Td (2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 495.00 694.05 Td (2012) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 210.25 680.05 Td (Q412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 213.20 671.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 248.25 680.05 Td (Q114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 251.20 671.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 290.15 680.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 284.00 671.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 331.25 680.05 Td (Q412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.20 671.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.25 680.05 Td (Q114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.20 671.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.15 680.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.00 671.05 Td (Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 452.25 680.05 Td (Q412) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.20 671.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 490.25 680.05 Td (Q114) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.20 671.05 Td (Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 532.15 680.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.00 671.05 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 656.27 Td (Restructuring charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 641.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.30 641.27 Td (\(44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 641.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.10 641.27 Td (4,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 641.27 Td (4,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.10 641.27 Td (2,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.10 641.27 Td (2,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 641.27 Td (2,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 641.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 641.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 641.27 Td (2,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 626.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.60 626.27 Td (675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 626.27 Td (709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 626.27 Td (1,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.10 626.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 626.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.10 626.27 Td (3,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.60 626.27 Td (440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 626.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 626.27 Td (440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 611.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 611.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 611.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 611.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.10 611.27 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 611.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.10 611.27 Td (2,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 611.27 Td (1,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 611.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 611.27 Td (1,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 595.27 Td (Total restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.60 595.27 Td (631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.10 595.27 Td (5,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 595.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.10 595.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 595.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.10 595.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 595.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 595.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 595.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 579.27 Td (Other exit-related costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 563.27 Td (Asset impairments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 563.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 563.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 563.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 547.27 Td (Total exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 547.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 547.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 547.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 533.17 Td (Total restructuring charges and exit-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 523.17 Td (related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.60 523.27 Td (631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.10 523.27 Td (6,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.10 523.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.10 523.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 523.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.10 523.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 523.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 523.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 523.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.10 523.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 466.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 466.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 466.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 466.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 466.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 481.6 m 413.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 481.6 m 417.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 481.6 m 487.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 481.6 m 491.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 481.6 m 561.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 466.6 m 413.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 466.6 m 487.5 466.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 466.6 m 561.5 466.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 425.00 486.05 Td (Total Charges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 356.35 471.05 Td (Q412 Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 430.35 471.05 Td (Q114 Plan) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 516.15 471.05 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 456.27 Td (Total restructuring charges to date) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 456.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 456.06 Td (13,549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 456.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.75 456.06 Td (5,770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 456.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 456.06 Td (19,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 441.27 Td (Total expected restructuring charges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.00 441.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 441.06 Td (13,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 441.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.75 441.06 Td (6,150) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.00 441.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 441.06 Td (19,750) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 413.10 Td (following ) Tj ET Q q 0 0 0 rg BT 108.44 413.10 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 149.33 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.55 413.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 220.52 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.86 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.08 413.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 298.18 413.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 331.29 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 343.29 413.10 Td (major ) Tj ET Q q 0 0 0 rg BT 368.62 413.10 Td (type ) Tj ET Q q 0 0 0 rg BT 387.84 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.17 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 420.18 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.84 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.06 413.10 Td (years ) Tj ET Q q 0 0 0 rg BT 471.16 413.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.60 413.10 Td (August ) Tj ET Q q 0 0 0 rg BT 527.50 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.00 413.10 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 401.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.44 401.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 103.05 401.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 349.60 130.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 349.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 320.60 130.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 180.00 320.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.00 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 320.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.00 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.00 320.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 320.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.00 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.00 320.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.00 320.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 320.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 320.60 51.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 378.6 m 231 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231 378.6 m 235 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 378.6 m 286 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286 378.6 m 290 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 378.6 m 341 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 378.6 m 345 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 378.6 m 396 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396 378.6 m 400 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 378.6 m 451 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 378.6 m 455 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 378.6 m 506 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 378.6 m 510 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 378.6 m 561 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 349.6 m 231 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 349.6 m 286 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 349.6 m 341 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 349.6 m 396 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 349.6 m 451 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 349.6 m 506 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 349.6 m 561 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 349.6 m 231 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 349.6 m 286 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 349.6 m 341 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 349.6 m 396 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 349.6 m 451 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 349.6 m 506 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 349.6 m 561 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180 305.6 m 231 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 180 290.6 m 231 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 305.6 m 286 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 235 290.6 m 286 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290 305.6 m 341 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 290 290.6 m 341 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 305.6 m 396 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345 290.6 m 396 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400 305.6 m 451 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 400 290.6 m 451 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 305.6 m 506 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455 290.6 m 506 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 305.6 m 561 305.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510 290.6 m 561 290.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 348.35 382.00 Td (Q412 Plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 191.40 361.83 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.75 353.83 Td (8/31/2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.75 353.83 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.30 361.83 Td (Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.40 353.83 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.40 361.83 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.75 353.83 Td (8/31/2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.75 353.83 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.30 361.83 Td (Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.40 353.83 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.40 361.83 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.75 353.83 Td (8/31/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 339.27 Td (Severance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.25 339.06 Td (2,477) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.25 339.06 Td (2,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 339.06 Td (\(4,642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.50 339.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 379.00 339.06 Td (278) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.50 339.06 Td (\(44) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.50 339.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 339.06 Td (\(234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.50 339.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.50 339.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.50 339.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 325.17 Td (Contract termination costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 214.00 325.06 Td (414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.25 325.06 Td (3,229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.00 325.06 Td (\(616) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.50 325.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 325.06 Td (3,027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 325.06 Td (675) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 325.06 Td (\(2,713) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.50 325.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 325.06 Td (989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 310.27 Td (Other restructuring costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 218.50 310.06 Td (64) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.25 310.06 Td (2,234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 310.06 Td (\(2,298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.50 310.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 383.50 310.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.50 310.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.50 310.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.50 310.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 295.27 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 182.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 207.25 295.06 Td (2,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 237.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.25 295.06 Td (7,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 295.06 Td (\(7,556) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 337.50 295.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.25 295.06 Td (3,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 295.06 Td (631) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 295.06 Td (\(2,947) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.50 295.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.50 295.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.00 295.06 Td (989) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 237.60 296.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 237.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 237.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 237.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 237.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 208.60 296.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.50 208.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 396.50 208.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 208.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 208.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 208.60 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 208.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 208.60 51.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 266.6 m 396.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 396.5 266.6 m 400.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 266.6 m 451.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 266.6 m 455.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 266.6 m 506.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 266.6 m 510.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 266.6 m 561.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 237.60000000000002 m 396.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 237.60000000000002 m 451.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 237.60000000000002 m 506.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 237.60000000000002 m 561.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 237.60000000000002 m 396.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 237.60000000000002 m 451.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 237.60000000000002 m 506.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 237.60000000000002 m 561.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 193.60000000000002 m 396.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 193.60000000000002 m 451.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 193.60000000000002 m 506.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 193.60000000000002 m 561.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 178.60000000000002 m 396.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 178.60000000000002 m 451.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 178.60000000000002 m 506.5 178.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 178.60000000000002 m 561.5 178.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.35 271.05 Td (Q114 Plan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.90 254.28 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.25 246.28 Td (8/31/2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.25 250.28 Td (Charges) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.80 254.28 Td (Payments) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.90 246.28 Td (and Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.90 254.28 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.25 246.28 Td (8/31/2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 227.27 Td (Severance costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 227.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 227.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 227.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 227.06 Td (4,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 227.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 227.06 Td (\(3,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 227.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 227.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 227.06 Td (669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 213.17 Td (Contract termination costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 213.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 213.06 Td (709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 213.06 Td (\(209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 213.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 213.06 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 198.27 Td (Other restructuring costs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 198.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 198.06 Td (410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 198.06 Td (\(410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 198.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 198.06 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 183.27 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 183.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 384.00 183.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.00 183.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 183.06 Td (5,770) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 183.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.75 183.06 Td (\(4,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 183.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 513.00 183.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 183.06 Td (1,169) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 153.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 153.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 153.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 153.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 123.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 123.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 123.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 123.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 153.60000000000002 m 457.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 153.60000000000002 m 561.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 153.60000000000002 m 457.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 153.60000000000002 m 561.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 108.60000000000002 m 457.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 108.60000000000002 m 561.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 93.60000000000002 m 457.5 93.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 93.60000000000002 m 561.5 93.60000000000002 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 365.00 158.05 Td (Total Charges to Date) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.15 158.05 Td (Total Expected Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 143.27 Td (Severance costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 143.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 143.27 Td (9,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 143.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 143.27 Td (9,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 128.27 Td (Contract termination costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 128.27 Td (5,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 128.27 Td (5,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 113.27 Td (Other restructuring costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 113.27 Td (4,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 113.27 Td (4,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 98.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 98.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 98.27 Td (19,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.00 98.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 98.27 Td (19,750) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (72) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Restructuring char) Tj ET Q q 0 0 0 rg BT 123.96 742.10 Td (ges and other exit-related costs by reporting segment were as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 699.60 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 699.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 699.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 699.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 699.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 699.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 699.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 699.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 699.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 699.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 669.60 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 669.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 669.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 669.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 669.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 669.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 669.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 669.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 639.60 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 639.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 639.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 639.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 639.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 639.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 639.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 639.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 609.60 206.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 609.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 609.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 609.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 609.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 609.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 609.60 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 579.60 206.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 579.60 58.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 579.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 579.60 57.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 579.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 579.60 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 579.60 8.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 579.60 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 579.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 579.60 62.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 699.6 m 313.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 699.6 m 374.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 699.6 m 433.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 699.6 m 495.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 699.6 m 561.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 699.6 m 433.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 699.6 m 495.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 699.6 m 561.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 639.6 m 433.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 639.6 m 495.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 639.6 m 561.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 639.6 m 313.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 624.6 m 313.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 639.6 m 374.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 624.6 m 374.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 639.6 m 433.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 624.6 m 433.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 639.6 m 495.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 624.6 m 495.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 639.6 m 561.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 624.6 m 561.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 624.6 m 561.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 594.6 m 313.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 594.6 m 374.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 594.6 m 433.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 594.6 m 495.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 594.6 m 313.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 579.6 m 313.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 594.6 m 374.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 579.6 m 374.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 594.6 m 433.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 579.6 m 433.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 594.6 m 495.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 579.6 m 495.5 579.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 554.6 m 313.5 554.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 554.6 m 374.5 554.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 554.6 m 433.5 554.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 554.6 m 495.5 554.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.25 714.28 Td (Fiscal 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.20 704.28 Td (Charges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 714.28 Td (Fiscal 2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.70 704.28 Td (Charges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.75 714.28 Td (Fiscal 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.70 704.28 Td (Charges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.05 722.33 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.80 712.33 Td (Charges to) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 702.33 Td (Date) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.05 722.33 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.25 712.33 Td (Expected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.20 702.33 Td (Charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 689.27 Td (Restructuring charges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 674.27 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 674.27 Td (1,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 674.27 Td (2,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 674.27 Td (4,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 674.27 Td (8,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 674.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 674.27 Td (9,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 659.27 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.65 659.27 Td (233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.65 659.27 Td (239) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 659.27 Td (1,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 659.27 Td (1,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 659.27 Td (1,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 644.27 Td (Unallocated \(Corporate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 644.27 Td (3,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 644.27 Td (4,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 644.27 Td (1,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 644.27 Td (9,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 644.27 Td (9,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 629.27 Td (Total restructuring charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 629.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 629.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 629.27 Td (6,401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 629.27 Td (19,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 629.27 Td (19,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 614.27 Td (Other exit-related costs:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 599.27 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 599.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 599.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 599.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 599.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 584.27 Td (Total exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 584.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 584.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 584.27 Td (566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 569.27 Td (Total restructuring charges and other exit-related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 559.27 Td (costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 559.27 Td (5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 559.27 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 559.27 Td (6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.00 559.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 559.27 Td (19,885) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.23 534.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.79 534.10 Td (does ) Tj ET Q q 0 0 0 rg BT 133.81 534.10 Td (not ) Tj ET Q q 0 0 0 rg BT 150.26 534.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 185.03 534.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 239.81 534.10 Td (char) Tj ET Q q 0 0 0 rg BT 256.83 534.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 273.85 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.96 534.10 Td (other ) Tj ET Q q 0 0 0 rg BT 316.19 534.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 365.40 534.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 389.08 534.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.54 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.44 534.10 Td (segments' ) Tj ET Q q 0 0 0 rg BT 459.14 534.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 500.58 534.10 Td (results ) Tj ET Q q 0 0 0 rg BT 530.37 534.10 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.59 522.10 Td (does ) Tj ET Q q 0 0 0 rg BT 124.42 522.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.70 522.10 Td (include ) Tj ET Q q 0 0 0 rg BT 171.63 522.10 Td (this ) Tj ET Q q 0 0 0 rg BT 188.58 522.10 Td (information ) Tj ET Q q 0 0 0 rg BT 238.29 522.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.57 522.10 Td (its ) Tj ET Q q 0 0 0 rg BT 260.52 522.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 316.33 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.16 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.88 522.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 394.90 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.73 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.44 522.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 460.71 522.10 Td (segments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 72.49 498.10 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.99 498.10 Td (- ) Tj ET Q q 0 0 0 rg BT 90.82 498.10 Td (Redeemable ) Tj ET Q q 0 0 0 rg BT 145.53 498.10 Td (Noncontr) Tj ET Q q 0 0 0 rg BT 185.90 498.10 Td (olling ) Tj ET Q q 0 0 0 rg BT 212.29 498.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 233.77 498.10 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.05 477.10 Td (March ) Tj ET Q q 0 0 0 rg BT 89.87 477.10 Td (201) Tj ET Q q 0 0 0 rg BT 104.50 477.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.50 477.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.72 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.65 477.10 Td (Company) Tj ET Q q 0 0 0 rg BT 167.89 477.10 Td (, ) Tj ET Q q 0 0 0 rg BT 173.11 477.10 Td (through ) Tj ET Q q 0 0 0 rg BT 206.94 477.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.10 477.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 274.58 477.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 321.19 477.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 361.65 477.10 Td (, ) Tj ET Q q 0 0 0 rg BT 366.87 477.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 404.01 477.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 457.28 477.10 Td (all ) Tj ET Q q 0 0 0 rg BT 470.00 477.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.04 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.98 477.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 524.80 477.10 Td (recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.60 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.20 465.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.91 465.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 132.94 465.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 171.11 465.10 Td (As ) Tj ET Q q 0 0 0 rg BT 184.49 465.10 Td (part ) Tj ET Q q 0 0 0 rg BT 202.31 465.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.91 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.39 465.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 265.20 465.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 323.84 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.33 465.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 379.49 465.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 406.76 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.25 465.10 Td (seller ) Tj ET Q q 0 0 0 rg BT 445.17 465.10 Td (common ) Tj ET Q q 0 0 0 rg BT 482.44 465.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 509.70 465.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 533.63 465.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.67 465.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 465.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.01 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.90 453.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 103.57 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.69 453.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 170.03 453.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 199.36 453.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 223.14 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.15 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.04 453.10 Td (Company) Tj ET Q q 0 0 0 rg BT 290.70 453.10 Td (s ) Tj ET Q q 0 0 0 rg BT 297.27 453.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 343.83 453.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 384.29 453.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.46 453.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 417.13 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.02 453.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 456.91 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.92 453.10 Td (an ) Tj ET Q q 0 0 0 rg BT 480.03 453.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 524.35 453.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.23 453.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.68 441.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 113.53 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.21 441.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 189.56 441.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 221.46 441.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 249.47 441.10 Td (had ) Tj ET Q q 0 0 0 rg BT 266.38 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.06 441.10 Td (right ) Tj ET Q q 0 0 0 rg BT 302.41 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.66 441.10 Td (require ) Tj ET Q q 0 0 0 rg BT 343.44 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.12 441.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 399.47 441.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.72 441.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 447.72 441.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.63 441.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 491.53 441.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.78 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 441.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.13 441.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.38 429.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 139.99 429.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.15 429.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.53 429.10 Td (value ) Tj ET Q q 0 0 0 rg BT 194.68 429.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.18 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.90 429.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 278.25 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.08 429.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 318.78 429.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 360.72 429.10 Td (events.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.82 405.10 Td (March8, ) Tj ET Q q 0 0 0 rg BT 103.51 405.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.51 405.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.60 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.41 405.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 184.90 405.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 216.91 405.10 Td (into ) Tj ET Q q 0 0 0 rg BT 235.06 405.10 Td (an ) Tj ET Q q 0 0 0 rg BT 247.10 405.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 291.33 405.10 Td (with ) Tj ET Q q 0 0 0 rg BT 311.70 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.52 405.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 387.99 405.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 420.02 405.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 448.16 405.10 Td (for ) Tj ET Q q 0 0 0 rg BT 462.41 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.23 405.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 515.36 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.28 405.10 Td (all ) Tj ET Q q 0 0 0 rg BT 538.87 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 405.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.45 393.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 159.11 393.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 190.33 393.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.89 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.89 393.10 Td (Company) Tj ET Q q 0 0 0 rg BT 255.56 393.10 Td (s ) Tj ET Q q 0 0 0 rg BT 261.23 393.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 304.13 393.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.57 393.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 334.35 393.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.25 393.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.53 393.10 Td (In ) Tj ET Q q 0 0 0 rg BT 377.64 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.64 393.10 Td (second ) Tj ET Q q 0 0 0 rg BT 421.20 393.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 451.29 393.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.41 393.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 484.85 393.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 509.13 393.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 393.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 86.20 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.29 381.10 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 150.25 381.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 212.01 381.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.32 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.97 381.10 Td (its ) Tj ET Q q 0 0 0 rg BT 267.29 381.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.05 381.10 Td (value ) Tj ET Q q 0 0 0 rg BT 308.58 381.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 368.66 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.32 381.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.41 381.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 432.82 381.10 Td (price ) Tj ET Q q 0 0 0 rg BT 455.68 381.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.89 381.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 484.77 381.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.66 381.10 Td (. ) Tj ET Q q 0 0 0 rg BT 519.03 381.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 541.91 381.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 381.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 90.61 369.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.40 369.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 166.86 369.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 198.86 369.10 Td (was ) Tj ET Q q 0 0 0 rg BT 216.99 369.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 257.88 369.10 Td (at ) Tj ET Q q 0 0 0 rg BT 267.67 369.10 Td (its ) Tj ET Q q 0 0 0 rg BT 279.69 369.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 315.59 369.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 338.70 369.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 365.42 369.10 Td (which ) Tj ET Q q 0 0 0 rg BT 392.44 369.10 Td (approximated ) Tj ET Q q 0 0 0 rg BT 449.99 369.10 Td (its ) Tj ET Q q 0 0 0 rg BT 462.01 369.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.46 369.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 505.00 369.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 369.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.67 357.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 114.24 357.10 Td (value ) Tj ET Q q 0 0 0 rg BT 138.59 357.10 Td (using ) Tj ET Q q 0 0 0 rg BT 162.95 357.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 188.41 357.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 196.10 357.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 223.24 357.10 Td (under ) Tj ET Q q 0 0 0 rg BT 248.71 357.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.62 357.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 280.19 357.10 Td (value ) Tj ET Q q 0 0 0 rg BT 304.53 357.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 344.98 357.10 Td (using ) Tj ET Q q 0 0 0 rg BT 369.34 357.10 Td (an ) Tj ET Q q 0 0 0 rg BT 381.47 357.10 Td (income ) Tj ET Q q 0 0 0 rg BT 413.60 357.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 452.94 357.10 Td (based ) Tj ET Q q 0 0 0 rg BT 478.40 357.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.09 357.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.23 357.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 544.24 357.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 70.83 345.10 Td (analysis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 94.36 321.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.28 321.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.96 321.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 170.19 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.76 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.23 321.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 232.68 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.70 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.17 321.10 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 308.49 321.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 370.62 321.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.30 321.10 Td (for ) Tj ET Q q 0 0 0 rg BT 418.21 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.67 321.10 Td (year ) Tj ET Q q 0 0 0 rg BT 454.12 321.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.53 321.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 527.67 321.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.67 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.91 321.10 Td (\(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 283.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 283.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 253.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 253.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 223.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 223.60 76.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 193.60 436.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 193.60 76.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 283.6 m 561.5 283.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 193.60000000000002 m 561.5 193.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 178.60000000000002 m 561.5 178.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 288.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 273.27 Td (Balance - August 31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 273.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 273.27 Td (22,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 258.27 Td (Net loss attributable to noncontrolling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 258.32 Td (\(903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 258.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 243.27 Td (Currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 243.32 Td (\(1,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 243.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 228.27 Td (Capital contributions from noncontrolling interest holder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 228.27 Td (1,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 213.27 Td (Adjustment to fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 213.27 Td (2,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 198.27 Td (Purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 198.32 Td (\(24,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 198.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 183.27 Td (Balance - August 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 183.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 183.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (73) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Note 14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.99 731.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.44 731.25 Td (Accumulated Other) Tj ET Q q 0 0 0 rg BT 175.96 731.25 Td ( Compr) Tj ET Q q 0 0 0 rg BT 208.84 731.25 Td (ehensive Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.25 Td (The ) Tj ET Q q 0 0 0 rg BT 66.76 710.25 Td (components ) Tj ET Q q 0 0 0 rg BT 116.80 710.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.85 710.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 179.09 710.25 Td (other ) Tj ET Q q 0 0 0 rg BT 201.35 710.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 263.60 710.25 Td (loss, ) Tj ET Q q 0 0 0 rg BT 283.38 710.25 Td (net ) Tj ET Q q 0 0 0 rg BT 297.31 710.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.35 710.25 Td (tax, ) Tj ET Q q 0 0 0 rg BT 323.79 710.25 Td (are ) Tj ET Q q 0 0 0 rg BT 337.71 710.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.75 710.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 379.47 710.25 Td (as ) Tj ET Q q 0 0 0 rg BT 389.52 710.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.18 710.25 Td (August ) Tj ET Q q 0 0 0 rg BT 429.79 710.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 444.00 710.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 465.72 710.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.87 710.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.87 710.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.59 710.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 516.41 710.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 658.75 229.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 658.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 658.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 658.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 658.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 658.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 658.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 658.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 618.75 229.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 618.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 618.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 618.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 618.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 618.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 578.75 229.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 578.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 578.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 578.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 578.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 578.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 578.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 578.75 68.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 538.75 229.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 538.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 538.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 538.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 538.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 538.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 538.75 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 538.75 68.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 501.75 229.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 501.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.00 501.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.00 501.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 501.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 501.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 501.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.00 501.75 68.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 658.75 m 346 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 658.75 m 418 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 658.75 m 490 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 658.75 m 562 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 603.75 m 346 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 578.75 m 346 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 603.75 m 418 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 578.75 m 418 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 603.75 m 490 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 578.75 m 490 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 603.75 m 562 603.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 578.75 m 562 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 538.75 m 346 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 516.75 m 346 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 538.75 m 418 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 516.75 m 418 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 538.75 m 490 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 538.75 m 562 538.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 516.75 m 490 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 516.75 m 562 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 501.75 m 346 501.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 278 486.75 m 346 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 501.75 m 418 501.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 350 486.75 m 418 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422 501.75 m 490 501.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 422 486.75 m 490 486.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 501.75 m 562 501.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 494 486.75 m 562 486.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 296.55 690.20 Td (Foreign) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 293.05 681.20 Td (Currency) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.30 672.20 Td (Translation) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 286.95 663.20 Td (Adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.45 672.20 Td (Pension) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 352.95 663.20 Td (Obligations, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 426.70 690.20 Td (Net Unrealized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 427.20 681.20 Td (Gain \(Loss\) on) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 435.10 672.20 Td (Cash Flow) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 441.50 663.20 Td (Hedges) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 517.65 663.20 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 648.42 Td (Balance as of August 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 648.47 Td (\(6,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 648.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 648.47 Td (\(2,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 648.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.50 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 648.47 Td (\(121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 648.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 648.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 648.47 Td (\(9,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 648.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 633.42 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 623.42 Td (reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 623.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 623.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 623.47 Td (\(234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 623.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 623.42 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 623.47 Td (\(4,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 623.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 608.42 Td (Income tax benefit \(expense\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 608.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.15 608.42 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 608.47 Td (\(81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 608.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 608.47 Td (\(7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 608.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 593.42 Td (Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 583.42 Td (reclassifications, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 583.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 583.47 Td (\(160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 583.42 Td (244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 583.47 Td (\(4,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 583.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 568.42 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 558.42 Td (comprehensive loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 558.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 558.42 Td (1,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 558.47 Td (\(151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 558.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 558.42 Td (1,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 543.42 Td (Income tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 543.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.80 543.47 Td (\(542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 543.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 543.42 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.80 543.47 Td (\(456) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 543.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 529.32 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 519.37 Td (comprehensive loss, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 521.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 521.42 Td (941) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.80 521.47 Td (\(65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.15 521.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 521.42 Td (876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 506.42 Td (Net periodic other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 506.47 Td (\(4,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 506.42 Td (781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 506.42 Td (179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 506.47 Td (\(3,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 506.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 491.42 Td (Balance as of August 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 491.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.30 491.47 Td (\(10,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 491.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 491.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.30 491.47 Td (\(2,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 491.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.50 491.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 491.42 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.50 491.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 491.47 Td (\(12,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 491.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Note 15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 460.25 Td ( Derivative Financial Instruments ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (Foreign Currency Exchange Rate Risk Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 422.25 Td (o ) Tj ET Q q 0 0 0 rg BT 63.24 422.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 97.17 422.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 136.10 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.71 422.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 178.41 422.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 219.00 422.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 236.81 422.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 257.15 422.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.19 422.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 313.91 422.25 Td (may ) Tj ET Q q 0 0 0 rg BT 333.96 422.25 Td (enter ) Tj ET Q q 0 0 0 rg BT 356.78 422.25 Td (into ) Tj ET Q q 0 0 0 rg BT 375.16 422.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 406.87 422.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 444.68 422.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 479.16 422.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 518.08 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.69 422.25 Td (stabilize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.52 410.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 82.61 410.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 107.23 410.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 138.53 410.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.16 410.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.68 410.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 206.86 410.25 Td (at ) Tj ET Q q 0 0 0 rg BT 215.38 410.25 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 260.19 410.25 Td (When ) Tj ET Q q 0 0 0 rg BT 285.36 410.25 Td (such ) Tj ET Q q 0 0 0 rg BT 305.00 410.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 342.39 410.25 Td (are ) Tj ET Q q 0 0 0 rg BT 355.90 410.25 Td (not ) Tj ET Q q 0 0 0 rg BT 369.98 410.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 414.05 410.25 Td (as ) Tj ET Q q 0 0 0 rg BT 423.68 410.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 457.20 410.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 505.17 410.25 Td (for ) Tj ET Q q 0 0 0 rg BT 518.13 410.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 91.77 398.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.70 398.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 143.06 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.22 398.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 206.57 398.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 231.40 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.56 398.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 277.17 398.25 Td (on ) Tj ET Q q 0 0 0 rg BT 290.88 398.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 320.70 398.25 Td (and ) Tj ET Q q 0 0 0 rg BT 338.86 398.25 Td (unsettled ) Tj ET Q q 0 0 0 rg BT 378.68 398.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 414.05 398.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 453.86 398.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 495.89 398.25 Td (at ) Tj ET Q q 0 0 0 rg BT 506.83 398.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 524.42 398.25 Td (value ) Tj ET Q q 0 0 0 rg BT 549.79 398.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.36 386.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.19 386.25 Td (other ) Tj ET Q q 0 0 0 rg BT 130.24 386.25 Td (income ) Tj ET Q q 0 0 0 rg BT 162.17 386.25 Td (or ) Tj ET Q q 0 0 0 rg BT 173.00 386.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 207.71 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.99 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 386.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 287.98 386.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 334.36 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.19 386.25 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.96 365.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.24 365.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 110.37 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.22 365.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.74 365.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 198.79 365.25 Td (into ) Tj ET Q q 0 0 0 rg BT 216.98 365.25 Td (a ) Tj ET Q q 0 0 0 rg BT 224.04 365.25 Td (series ) Tj ET Q q 0 0 0 rg BT 249.44 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.40 365.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 291.91 365.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 329.51 365.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 369.90 365.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 404.17 365.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 442.90 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 453.31 365.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 469.82 365.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 490.23 365.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 520.08 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.49 365.25 Td (order ) Tj ET Q q 0 0 0 rg BT 554.22 365.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 77.13 353.25 Td (a ) Tj ET Q q 0 0 0 rg BT 84.81 353.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 116.95 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.53 353.25 Td (its ) Tj ET Q q 0 0 0 rg BT 141.22 353.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 180.57 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.60 353.25 Td (fluctuating ) Tj ET Q q 0 0 0 rg BT 238.17 353.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 260.29 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.87 353.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 312.87 353.25 Td (on ) Tj ET Q q 0 0 0 rg BT 326.12 353.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 373.24 353.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 394.27 353.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 417.39 353.25 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 475.62 353.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 498.31 353.25 Td (by ) Tj ET Q q 0 0 0 rg BT 511.56 353.25 Td (its ) Tj ET Q q 0 0 0 rg BT 524.25 353.25 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.95 341.25 Td (with ) Tj ET Q q 0 0 0 rg BT 114.57 341.25 Td (a ) Tj ET Q q 0 0 0 rg BT 121.85 341.25 Td (functional ) Tj ET Q q 0 0 0 rg BT 165.24 341.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 203.06 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.23 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.29 341.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 269.90 341.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 292.67 341.25 Td (. ) Tj ET Q q 0 0 0 rg BT 297.81 341.25 Td (The ) Tj ET Q q 0 0 0 rg BT 316.20 341.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.93 341.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 390.76 341.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 448.59 341.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 480.31 341.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 518.13 341.25 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.69 329.25 Td (of) Tj ET Q q 0 0 0 rg BT 74.84 329.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 107.08 329.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 153.20 329.25 Td (with ) Tj ET Q q 0 0 0 rg BT 173.23 329.25 Td (external ) Tj ET Q q 0 0 0 rg BT 207.68 329.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 266.57 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.59 329.25 Td (order ) Tj ET Q q 0 0 0 rg BT 299.94 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.97 329.25 Td (designate ) Tj ET Q q 0 0 0 rg BT 349.98 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.45 329.25 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 421.67 329.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 467.80 329.25 Td (as ) Tj ET Q q 0 0 0 rg BT 478.37 329.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 512.84 329.25 Td (instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 73.31 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.75 317.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 107.75 317.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 130.87 317.25 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 188.07 317.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 209.72 317.25 Td (have ) Tj ET Q q 0 0 0 rg BT 230.81 317.25 Td (been ) Tj ET Q q 0 0 0 rg BT 251.91 317.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 297.99 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.64 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.07 317.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 388.50 317.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 435.68 317.25 Td (collected, ) Tj ET Q q 0 0 0 rg BT 476.49 317.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.92 317.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.02 317.25 Td (utilized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 81.02 305.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 118.15 305.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 158.05 305.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 191.85 305.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 230.09 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.01 305.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 256.05 305.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 295.96 305.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 327.82 305.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 368.84 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.43 305.25 Td (result ) Tj ET Q q 0 0 0 rg BT 399.79 305.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 429.71 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.64 305.25 Td (net ) Tj ET Q q 0 0 0 rg BT 454.00 305.25 Td (settling ) Tj ET Q q 0 0 0 rg BT 485.59 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.96 305.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 538.20 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.13 305.25 Td (sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.88 293.25 Td (dollars. ) Tj ET Q q 0 0 0 rg BT 101.54 293.25 Td (The ) Tj ET Q q 0 0 0 rg BT 119.19 293.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 150.16 293.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 187.23 293.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 227.08 293.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 260.83 293.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 299.02 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.90 293.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 324.88 293.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 364.74 293.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 394.06 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.36 293.25 Td (not ) Tj ET Q q 0 0 0 rg BT 423.24 293.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 468.10 293.25 Td (as ) Tj ET Q q 0 0 0 rg BT 478.53 293.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 512.84 293.25 Td (instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.55 272.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 272.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 117.33 272.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.33 272.25 Td (, ) Tj ET Q q 0 0 0 rg BT 141.27 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.92 272.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.24 272.25 Td (had ) Tj ET Q q 0 0 0 rg BT 211.12 272.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 241.43 272.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 277.85 272.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 317.04 272.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 350.12 272.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 387.65 272.25 Td (with ) Tj ET Q q 0 0 0 rg BT 406.87 272.25 Td (external ) Tj ET Q q 0 0 0 rg BT 440.51 272.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 498.59 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.80 272.25 Td (buy ) Tj ET Q q 0 0 0 rg BT 524.24 272.25 Td (Canadian ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 79.77 260.25 Td (for ) Tj ET Q q 0 0 0 rg BT 93.99 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.98 260.25 Td (total ) Tj ET Q q 0 0 0 rg BT 121.31 260.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 156.64 260.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 189.19 260.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.08 260.25 Td ($22 ) Tj ET Q q 0 0 0 rg BT 217.64 260.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.53 260.25 Td (, ) Tj ET Q q 0 0 0 rg BT 251.58 260.25 Td (which ) Tj ET Q q 0 0 0 rg BT 278.58 260.25 Td (have ) Tj ET Q q 0 0 0 rg BT 300.01 260.25 Td (various ) Tj ET Q q 0 0 0 rg BT 332.01 260.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 375.66 260.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 398.76 260.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.43 260.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 491.07 260.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.07 260.25 Td (, ) Tj ET Q q 0 0 0 rg BT 516.13 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 533.12 260.25 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 86.75 248.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 126.27 248.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 159.70 248.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 197.56 248.25 Td (with ) Tj ET Q q 0 0 0 rg BT 217.11 248.25 Td (external ) Tj ET Q q 0 0 0 rg BT 251.09 248.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 309.50 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.05 248.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 334.71 248.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 374.25 248.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 403.24 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 416.67 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 422.88 248.25 Td (total ) Tj ET Q q 0 0 0 rg BT 442.43 248.25 Td (notional ) Tj ET Q q 0 0 0 rg BT 476.97 248.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 508.74 248.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.84 248.25 Td ($6 ) Tj ET Q q 0 0 0 rg BT 530.62 248.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 248.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.27 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 72.87 236.25 Td (which ) Tj ET Q q 0 0 0 rg BT 99.58 236.25 Td (have ) Tj ET Q q 0 0 0 rg BT 120.73 236.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.44 236.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 170.81 236.25 Td (date ) Tj ET Q q 0 0 0 rg BT 189.74 236.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.34 236.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 260.37 236.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.37 236.25 Td (. ) Tj ET Q q 0 0 0 rg BT 284.98 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 302.80 236.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 341.17 236.25 Td (with ) Tj ET Q q 0 0 0 rg BT 361.22 236.25 Td (external ) Tj ET Q q 0 0 0 rg BT 395.69 236.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 454.60 236.25 Td (are ) Tj ET Q q 0 0 0 rg BT 469.08 236.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 504.67 236.25 Td (at ) Tj ET Q q 0 0 0 rg BT 514.16 236.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 530.31 236.25 Td (value ) Tj ET Q q 0 0 0 rg BT 554.23 236.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.23 224.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 119.02 224.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 153.24 224.25 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 181.36 224.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 221.69 224.25 Td (using ) Tj ET Q q 0 0 0 rg BT 245.38 224.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 274.61 224.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 305.50 224.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 342.50 224.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 382.27 224.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 405.66 224.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.11 224.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 443.57 224.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.57 224.25 Td ( ) Tj ET Q q 0 0 0 rg BT 455.58 224.25 Td (- ) Tj ET Q q 0 0 0 rg BT 460.93 224.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 478.91 224.25 Td (V) Tj ET Q q 0 0 0 rg BT 485.02 224.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 503.69 224.25 Td (Measurements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 212.25 Td (further ) Tj ET Q q 0 0 0 rg BT 93.87 212.25 Td (detail.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.25 Td (The fair value of derivative instruments in the Consolidated Balance Sheets are as follows \(in thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 133.75 188.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 133.75 124.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 133.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 365.50 133.75 96.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 133.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 133.75 96.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 162.75 m 361.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 162.75 m 365.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 162.75 m 461.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 162.75 m 465.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 162.75 m 561.5 162.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 147.75 m 461.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 147.75 m 465.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 147.75 m 561.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 237.5 133.75 m 361.5 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365.5 133.75 m 461.5 133.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 147.75 m 465.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 147.75 m 561.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 133.75 m 561.5 133.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.25 167.20 Td (Asset \(Liability\) Derivatives) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 442.95 152.20 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 254.00 138.20 Td (Balance Sheet Location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 382.35 138.20 Td (August 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.35 138.20 Td (August 31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 124.32 Td (Foreign currency exchange forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.40 123.42 Td (Prepaid expenses and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.90 113.42 Td (current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 113.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 113.42 Td (202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 113.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 113.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 99.32 Td (Foreign currency exchange forward contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.95 98.42 Td (Other accrued liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.00 98.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.30 98.47 Td (\(46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 98.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 98.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 98.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (74) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (The following tables summarizes the results of foreign currency exchange derivatives for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.57 731.10 Td (August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.96 731.10 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 638.60 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 638.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 638.60 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 638.60 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 693.6 m 445.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 693.6 m 449.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 693.6 m 503.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 693.6 m 507.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 693.6 m 561.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 693.6 m 445.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 679.6 m 445.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 693.6 m 449.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 679.6 m 449.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 693.6 m 503.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 679.6 m 503.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 693.6 m 507.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 679.6 m 507.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 693.6 m 561.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 679.6 m 561.5 679.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 638.6 m 445.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 638.6 m 503.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 638.6 m 561.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 638.6 m 445.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 638.6 m 503.5 638.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.50 698.05 Td (Derivative Gain \(Loss\) Recognized in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.60 684.05 Td (Fiscal 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 406.55 661.05 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.30 652.05 Td (Comprehen) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.35 643.05 Td (sive Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 455.10 661.05 Td (Revenues -) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 459.00 652.05 Td (Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.50 643.05 Td (Portion) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 522.55 670.05 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 519.75 661.05 Td (Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 513.85 652.05 Td (\(Expense\),) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.00 643.05 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 628.27 Td (Foreign currency exchange forward contracts - designated as cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 628.27 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 628.27 Td (249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 628.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 628.27 Td (112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 613.27 Td (Foreign currency exchange forward contracts - not designated as cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 613.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.30 613.32 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 613.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 588.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 588.10 Td (did ) Tj ET Q q 0 0 0 rg BT 124.71 588.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.99 588.10 Td (have ) Tj ET Q q 0 0 0 rg BT 161.37 588.10 Td (any ) Tj ET Q q 0 0 0 rg BT 178.31 588.10 Td (material ) Tj ET Q q 0 0 0 rg BT 213.56 588.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 259.94 588.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 292.43 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 306.59 588.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.30 588.10 Td (years ) Tj ET Q q 0 0 0 rg BT 344.90 588.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.73 588.10 Td (August ) Tj ET Q q 0 0 0 rg BT 402.12 588.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 417.12 588.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 439.62 588.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.56 588.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.56 588.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.80 567.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.94 567.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 140.62 567.10 Td (into ) Tj ET Q q 0 0 0 rg BT 158.43 567.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 192.34 567.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 230.69 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.72 567.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 275.74 567.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 314.10 567.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.13 567.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 364.14 567.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 381.38 567.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 430.85 567.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.10 567.10 Td (Euro-denominated ) Tj ET Q q 0 0 0 rg BT 519.78 567.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 542.58 567.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 93.25 555.10 Td (which ) Tj ET Q q 0 0 0 rg BT 119.02 555.10 Td (were ) Tj ET Q q 0 0 0 rg BT 139.77 555.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 183.86 555.10 Td (as ) Tj ET Q q 0 0 0 rg BT 193.51 555.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 235.94 555.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.03 555.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 274.69 555.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 303.78 555.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.77 555.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 361.96 555.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 401.24 555.10 Td (These ) Tj ET Q q 0 0 0 rg BT 426.45 555.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 456.65 555.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 492.95 555.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 525.92 555.10 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.84 543.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 105.79 543.10 Td (using ) Tj ET Q q 0 0 0 rg BT 130.09 543.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 164.37 543.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 204.76 543.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 226.26 543.10 Td (based ) Tj ET Q q 0 0 0 rg BT 251.67 543.10 Td (on ) Tj ET Q q 0 0 0 rg BT 264.30 543.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 310.24 543.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 350.63 543.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 372.14 543.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 401.99 543.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.40 543.10 Td (an ) Tj ET Q q 0 0 0 rg BT 424.47 543.10 Td (active ) Tj ET Q q 0 0 0 rg BT 450.97 543.10 Td (market ) Tj ET Q q 0 0 0 rg BT 481.37 543.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.44 543.10 Td (are ) Tj ET Q q 0 0 0 rg BT 513.28 543.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 553.67 543.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.41 531.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 83.05 531.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 99.57 531.10 Td (value ) Tj ET Q q 0 0 0 rg BT 123.87 531.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 183.71 531.10 Td (under ) Tj ET Q q 0 0 0 rg BT 209.13 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.98 531.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 240.50 531.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.80 531.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 301.91 531.10 Td (. ) Tj ET Q q 0 0 0 rg BT 307.05 531.10 Td (In ) Tj ET Q q 0 0 0 rg BT 318.02 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.88 531.10 Td (first ) Tj ET Q q 0 0 0 rg BT 351.64 531.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 382.59 531.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.57 531.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 417.87 531.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 443.01 531.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.87 531.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.40 531.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 547.02 531.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.44 519.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 122.77 519.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 172.77 519.10 Td (were ) Tj ET Q q 0 0 0 rg BT 194.44 519.10 Td (no ) Tj ET Q q 0 0 0 rg BT 206.68 519.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 234.47 519.10 Td (probable, ) Tj ET Q q 0 0 0 rg BT 274.19 519.10 Td (de-designated ) Tj ET Q q 0 0 0 rg BT 331.96 519.10 Td (these ) Tj ET Q q 0 0 0 rg BT 354.75 519.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 393.09 519.10 Td (as ) Tj ET Q q 0 0 0 rg BT 403.66 519.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 433.67 519.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.34 519.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 504.80 519.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 549.80 519.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 90.63 507.10 Td (The ) Tj ET Q q 0 0 0 rg BT 108.37 507.10 Td (nominal ) Tj ET Q q 0 0 0 rg BT 143.34 507.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 175.54 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.17 507.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 208.24 507.10 Td (value ) Tj ET Q q 0 0 0 rg BT 232.09 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.62 507.10 Td (these ) Tj ET Q q 0 0 0 rg BT 265.36 507.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 306.15 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.57 507.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 356.65 507.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 404.38 507.10 Td (from ) Tj ET Q q 0 0 0 rg BT 426.01 507.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 478.74 507.10 Td (other ) Tj ET Q q 0 0 0 rg BT 501.48 507.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 68.06 495.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.00 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.72 495.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 133.86 495.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 160.25 495.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 197.72 495.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.00 495.10 Td (other ) Tj ET Q q 0 0 0 rg BT 231.05 495.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 265.48 495.10 Td (net ) Tj ET Q q 0 0 0 rg BT 280.20 495.10 Td (were ) Tj ET Q q 0 0 0 rg BT 302.13 495.10 Td (not ) Tj ET Q q 0 0 0 rg BT 317.41 495.10 Td (material ) Tj ET Q q 0 0 0 rg BT 352.67 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.94 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.66 495.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 432.93 495.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 472.65 495.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 471.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 471.10 Td (Note 16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.99 471.10 Td ( Employee Benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.33 450.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.00 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.22 450.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 153.21 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.32 450.10 Td (its ) Tj ET Q q 0 0 0 rg BT 174.55 450.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 223.56 450.10 Td (have ) Tj ET Q q 0 0 0 rg BT 244.22 450.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 281.54 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.76 450.10 Td (nonqualified ) Tj ET Q q 0 0 0 rg BT 350.09 450.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 392.96 450.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 415.85 450.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 452.62 450.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 504.96 450.10 Td (all ) Tj ET Q q 0 0 0 rg BT 516.74 450.10 Td (employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (These ) Tj ET Q q 0 0 0 rg BT 76.21 438.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 99.65 438.10 Td (include ) Tj ET Q q 0 0 0 rg BT 131.41 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.18 438.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 170.50 438.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 200.59 438.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 234.03 438.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 256.08 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.85 438.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 318.50 438.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 359.14 438.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 402.56 438.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 432.65 438.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 452.20 438.10 Td (\(SERBP\), ) Tj ET Q q 0 0 0 rg BT 503.14 438.10 Td (multiemployer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 83.61 426.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 107.22 426.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.16 426.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 156.64 426.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 208.02 426.10 Td (plans.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (Defined Benefit Pension Plan and Supplemental Executive Retirement Benefit Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.44 387.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.21 387.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 151.98 387.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.31 387.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 197.74 387.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 230.62 387.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 261.27 387.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 295.27 387.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 315.38 387.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.93 387.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 360.02 387.10 Td (nonunion ) Tj ET Q q 0 0 0 rg BT 400.69 387.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 448.84 387.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 458.10 387.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 488.19 387.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 524.41 387.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 549.80 387.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 92.19 375.10 Td (froze ) Tj ET Q q 0 0 0 rg BT 116.02 375.10 Td (this ) Tj ET Q q 0 0 0 rg BT 133.77 375.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 154.28 375.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.02 375.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 201.96 375.10 Td (accruing ) Tj ET Q q 0 0 0 rg BT 239.69 375.10 Td (further ) Tj ET Q q 0 0 0 rg BT 270.19 375.10 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 307.41 375.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.25 375.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 368.44 375.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 401.16 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.67 375.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 447.74 375.10 Td (status ) Tj ET Q q 0 0 0 rg BT 473.82 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.45 375.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.96 375.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 534.24 375.10 Td (benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 85.26 363.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 106.62 363.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.10 363.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.68 363.10 Td (net ) Tj ET Q q 0 0 0 rg BT 144.05 363.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 167.63 363.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.11 363.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 215.36 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.29 363.10 Td (its ) Tj ET Q q 0 0 0 rg BT 240.88 363.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 297.80 363.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 334.15 363.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 366.91 363.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 405.49 363.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.42 363.10 Td (its ) Tj ET Q q 0 0 0 rg BT 431.01 363.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 462.93 363.10 Td (status ) Tj ET Q q 0 0 0 rg BT 489.86 363.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.21 363.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 554.22 363.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.03 351.10 Td (income ) Tj ET Q q 0 0 0 rg BT 144.96 351.10 Td (\(loss\). ) Tj ET Q q 0 0 0 rg BT 172.17 351.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 189.11 351.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 224.37 351.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 257.97 351.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 288.23 351.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 306.83 351.10 Td (was ) Tj ET Q q 0 0 0 rg BT 324.88 351.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.15 351.10 Td (material ) Tj ET Q q 0 0 0 rg BT 375.41 351.10 Td (for ) Tj ET Q q 0 0 0 rg BT 389.56 351.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.27 351.10 Td (years ) Tj ET Q q 0 0 0 rg BT 427.87 351.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.69 351.10 Td (August ) Tj ET Q q 0 0 0 rg BT 485.07 351.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.07 351.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 525.06 351.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 547.56 351.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 339.10 Td (. ) Tj ET Q q 0 0 0 rg BT 75.27 339.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.80 339.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 110.66 339.10 Td (value ) Tj ET Q q 0 0 0 rg BT 135.30 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.61 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.81 339.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 182.01 339.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 208.32 339.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.86 339.10 Td ($18 ) Tj ET Q q 0 0 0 rg BT 244.84 339.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.73 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.72 339.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.14 339.10 Td ($17 ) Tj ET Q q 0 0 0 rg BT 312.12 339.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.01 339.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.00 339.10 Td (as ) Tj ET Q q 0 0 0 rg BT 355.31 339.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.97 339.10 Td (August ) Tj ET Q q 0 0 0 rg BT 397.84 339.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.33 339.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 436.31 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.73 339.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.73 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 479.21 339.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 526.88 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.36 339.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 339.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 90.06 327.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 120.69 327.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 164.10 327.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.51 327.10 Td ($14 ) Tj ET Q q 0 0 0 rg BT 200.37 327.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.26 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.12 327.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.42 327.10 Td ($15 ) Tj ET Q q 0 0 0 rg BT 267.28 327.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.17 327.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.03 327.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.22 327.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.78 327.10 Td (August ) Tj ET Q q 0 0 0 rg BT 352.54 327.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 367.90 327.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 390.76 327.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.06 327.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.06 327.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.42 327.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 481.08 327.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.23 327.10 Td (The ) Tj ET Q q 0 0 0 rg BT 504.64 327.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 524.71 327.10 Td (was ) Tj ET Q q 0 0 0 rg BT 543.13 327.10 Td (fully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 80.69 315.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.39 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.53 315.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 136.67 315.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 162.92 315.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 206.38 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.52 315.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 261.64 315.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 292.33 315.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 335.80 315.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.72 315.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 361.65 315.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.54 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.46 315.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.82 315.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 423.74 315.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.63 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.56 315.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.81 315.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.42 315.10 Td (August ) Tj ET Q q 0 0 0 rg BT 509.23 315.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 524.65 315.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 547.58 315.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 303.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.13 303.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 121.79 303.10 Td (. ) Tj ET Q q 0 0 0 rg BT 125.92 303.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 145.32 303.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 170.28 303.10 Td (were ) Tj ET Q q 0 0 0 rg BT 191.34 303.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 234.62 303.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 266.79 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.75 303.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 301.15 303.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 307.77 303.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 357.18 303.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.13 303.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.73 303.10 Td (August ) Tj ET Q q 0 0 0 rg BT 407.25 303.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 421.38 303.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 443.01 303.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.08 303.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.08 303.10 Td (. ) Tj ET Q q 0 0 0 rg BT 483.21 303.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 507.60 303.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 514.23 303.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.39 291.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 93.22 291.10 Td (based ) Tj ET Q q 0 0 0 rg BT 118.17 291.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.35 291.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 159.74 291.10 Td (market ) Tj ET Q q 0 0 0 rg BT 189.69 291.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 215.74 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.25 291.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 262.86 291.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 302.80 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.76 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.16 291.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 364.88 291.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 397.32 291.10 Td (No ) Tj ET Q q 0 0 0 rg BT 411.72 291.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 466.67 291.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.06 291.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 518.77 291.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.73 291.10 Td (be ) Tj ET Q q 0 0 0 rg BT 540.35 291.10 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.06 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.55 279.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 106.82 279.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 136.86 279.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 170.25 279.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 189.75 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.80 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.30 279.10 Td (future; ) Tj ET Q q 0 0 0 rg BT 243.23 279.10 Td (however) Tj ET Q q 0 0 0 rg BT 277.26 279.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.04 279.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 316.53 279.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.58 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.08 279.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 377.25 279.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 394.51 279.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.12 279.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 431.27 279.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 477.43 279.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 507.48 279.10 Td (that ) Tj ET Q q 0 0 0 rg BT 524.76 279.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.24 279.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.57 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.14 267.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 125.92 267.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 163.81 267.10 Td (return ) Tj ET Q q 0 0 0 rg BT 190.04 267.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.39 267.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 221.96 267.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.64 267.10 Td (could ) Tj ET Q q 0 0 0 rg BT 272.21 267.10 Td (result ) Tj ET Q q 0 0 0 rg BT 296.78 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.91 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.48 267.10 Td (need ) Tj ET Q q 0 0 0 rg BT 342.71 267.10 Td (for ) Tj ET Q q 0 0 0 rg BT 356.72 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.29 267.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.53 267.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.66 267.10 Td (make ) Tj ET Q q 0 0 0 rg BT 446.67 267.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 489.01 267.10 Td (contributions. ) Tj ET Q q 0 0 0 rg BT 546.47 267.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 86.91 255.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 123.26 255.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 140.71 255.10 Td (used ) Tj ET Q q 0 0 0 rg BT 161.51 255.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.76 255.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 209.75 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.43 255.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 264.10 255.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 294.33 255.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 341.25 255.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.26 255.10 Td (4.05%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.09 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.56 255.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.47 255.10 Td (4.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.30 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.76 255.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.56 255.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.81 255.10 Td (August ) Tj ET Q q 0 0 0 rg BT 485.17 255.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.14 255.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 522.61 255.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 255.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 255.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 243.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 243.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.53 243.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.91 243.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 201.63 243.10 Td (future ) Tj ET Q q 0 0 0 rg BT 228.00 243.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 257.16 243.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 287.42 243.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 328.25 243.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.53 243.10 Td (be ) Tj ET Q q 0 0 0 rg BT 350.46 243.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.28 243.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 398.78 243.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 243.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.17 243.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.11 243.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 459.61 243.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 243.10 Td ( ) Tj ET Q q 0 0 0 rg BT 491.00 243.10 Td (per ) Tj ET Q q 0 0 0 rg BT 506.27 243.10 Td (year) Tj ET Q q 0 0 0 rg BT 522.92 243.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.02 222.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 111.37 222.10 Td (also ) Tj ET Q q 0 0 0 rg BT 130.95 222.10 Td (has ) Tj ET Q q 0 0 0 rg BT 147.75 222.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.65 222.10 Td (nonqualified ) Tj ET Q q 0 0 0 rg BT 209.66 222.10 Td (SERBP) Tj ET Q q 0 0 0 rg BT 239.86 222.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.33 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.46 222.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.13 222.10 Td (executives. ) Tj ET Q q 0 0 0 rg BT 336.53 222.10 Td (A) Tj ET Q q 0 0 0 rg BT 343.20 222.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.67 222.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 387.34 222.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 408.59 222.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 430.39 222.10 Td (has ) Tj ET Q q 0 0 0 rg BT 447.19 222.10 Td (been ) Tj ET Q q 0 0 0 rg BT 469.53 222.10 Td (established ) Tj ET Q q 0 0 0 rg BT 517.43 222.10 Td (with ) Tj ET Q q 0 0 0 rg BT 538.68 222.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 86.56 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.58 210.10 Td (life ) Tj ET Q q 0 0 0 rg BT 114.14 210.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 155.69 210.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 190.03 210.10 Td (that ) Tj ET Q q 0 0 0 rg BT 208.26 210.10 Td (can ) Tj ET Q q 0 0 0 rg BT 225.37 210.10 Td (be ) Tj ET Q q 0 0 0 rg BT 238.05 210.10 Td (used ) Tj ET Q q 0 0 0 rg BT 259.62 210.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.51 210.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 294.96 210.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 332.36 210.10 Td (although ) Tj ET Q q 0 0 0 rg BT 370.59 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.04 210.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 407.61 210.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.51 210.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.08 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.09 210.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 489.43 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.00 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.45 210.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 210.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (general ) Tj ET Q q 0 0 0 rg BT 81.61 198.10 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 121.12 198.10 Td (The ) Tj ET Q q 0 0 0 rg BT 138.85 198.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 158.82 198.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 179.33 198.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.19 198.10 Td (included ) Tj ET Q q 0 0 0 rg BT 224.81 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.77 198.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.50 198.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 283.02 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.64 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.04 198.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 347.33 198.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 380.63 198.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.48 198.10 Td (included ) Tj ET Q q 0 0 0 rg BT 426.10 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.07 198.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.80 198.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 500.42 198.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 539.82 198.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 198.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 186.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.14 186.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 153.49 186.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 188.28 186.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 219.28 186.10 Td (The ) Tj ET Q q 0 0 0 rg BT 237.41 186.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 257.77 186.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 278.68 186.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.94 186.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 317.17 186.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.97 186.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 339.55 186.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.44 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.03 186.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.05 186.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 400.63 186.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.52 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.10 186.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.02 186.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.36 186.10 Td (August ) Tj ET Q q 0 0 0 rg BT 484.83 186.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 499.91 186.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 522.50 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.52 186.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 186.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 174.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.41 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 120.39 174.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 140.59 174.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 161.35 174.10 Td (assets) Tj ET Q q 0 0 0 rg BT 187.27 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 189.69 174.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 213.23 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.09 174.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 256.41 174.10 Td (are ) Tj ET Q q 0 0 0 rg BT 271.05 174.10 Td (included ) Tj ET Q q 0 0 0 rg BT 307.91 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.11 174.10 Td (other ) Tj ET Q q 0 0 0 rg BT 341.08 174.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 375.44 174.10 Td (net ) Tj ET Q q 0 0 0 rg BT 390.09 174.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.29 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.94 174.10 Td (Company) Tj ET Q q 0 0 0 rg BT 456.60 174.10 Td (s ) Tj ET Q q 0 0 0 rg BT 462.92 174.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 518.12 174.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 162.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 109.58 162.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.66 162.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 157.95 162.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 201.03 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.00 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.75 162.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 273.04 162.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 305.57 162.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.53 162.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 340.06 162.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.95 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.48 162.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.45 162.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 400.97 162.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.87 162.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.40 162.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.25 162.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.56 162.10 Td (August ) Tj ET Q q 0 0 0 rg BT 484.98 162.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.01 162.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 522.54 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.50 162.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 162.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 150.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.66 150.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 119.60 150.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 154.86 150.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 188.47 150.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 207.08 150.10 Td (under ) Tj ET Q q 0 0 0 rg BT 232.35 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.07 150.10 Td (SERBP) Tj ET Q q 0 0 0 rg BT 277.27 150.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.77 150.10 Td (was ) Tj ET Q q 0 0 0 rg BT 297.82 150.10 Td (not ) Tj ET Q q 0 0 0 rg BT 313.10 150.10 Td (material ) Tj ET Q q 0 0 0 rg BT 348.35 150.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.51 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.23 150.10 Td (years ) Tj ET Q q 0 0 0 rg BT 400.83 150.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.66 150.10 Td (August ) Tj ET Q q 0 0 0 rg BT 458.05 150.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 473.05 150.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 498.05 150.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 520.55 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.49 150.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.49 150.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 84.67 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.25 129.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 129.59 129.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 158.72 129.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 191.18 129.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 209.76 129.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.56 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.13 129.10 Td (SERBP) Tj ET Q q 0 0 0 rg BT 269.33 129.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.69 129.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.26 129.10 Td (not ) Tj ET Q q 0 0 0 rg BT 298.40 129.10 Td (material ) Tj ET Q q 0 0 0 rg BT 332.51 129.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.65 129.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.23 129.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 409.36 129.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 447.93 129.10 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 495.67 129.10 Td (other ) Tj ET Q q 0 0 0 rg BT 517.58 129.10 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.82 117.10 Td (by ) Tj ET Q q 0 0 0 rg BT 98.32 117.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 118.60 117.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 145.45 117.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.95 117.10 Td (have ) Tj ET Q q 0 0 0 rg BT 169.33 117.10 Td (been ) Tj ET Q q 0 0 0 rg BT 190.71 117.10 Td (omitted.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (Multiemployer Pension Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (The ) Tj ET Q q 0 0 0 rg BT 70.89 78.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.12 78.10 Td (contributes ) Tj ET Q q 0 0 0 rg BT 164.90 78.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.02 78.10 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.02 78.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.36 78.10 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 257.58 78.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 294.04 78.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 320.49 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.61 78.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 383.92 78.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.04 78.10 Td (its ) Tj ET Q q 0 0 0 rg BT 421.83 78.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 466.04 78.10 Td (bar) Tj ET Q q 0 0 0 rg BT 478.63 78.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 513.97 78.10 Td (agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (Multiemployer ) Tj ET Q q 0 0 0 rg BT 111.78 66.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 144.69 66.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 167.59 66.10 Td (are ) Tj ET Q q 0 0 0 rg BT 181.59 66.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 213.37 66.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 242.93 66.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 265.83 66.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 308.18 66.10 Td (by ) Tj ET Q q 0 0 0 rg BT 319.97 66.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 355.10 66.10 Td (employers ) Tj ET Q q 0 0 0 rg BT 398.55 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.12 66.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 454.88 66.10 Td (with ) Tj ET Q q 0 0 0 rg BT 474.45 66.10 Td (one ) Tj ET Q q 0 0 0 rg BT 490.68 66.10 Td (or ) Tj ET Q q 0 0 0 rg BT 500.81 66.10 Td (more ) Tj ET Q q 0 0 0 rg BT 523.15 66.10 Td (collective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.10 Td (bar) Tj ET Q q 0 0 0 rg BT 62.59 54.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 95.22 54.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 145.71 54.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.90 54.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 187.65 54.10 Td (are ) Tj ET Q q 0 0 0 rg BT 202.49 54.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 231.25 54.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 269.98 54.10 Td (by ) Tj ET Q q 0 0 0 rg BT 282.63 54.10 Td (trustees ) Tj ET Q q 0 0 0 rg BT 315.81 54.10 Td (that ) Tj ET Q q 0 0 0 rg BT 333.45 54.10 Td (include ) Tj ET Q q 0 0 0 rg BT 365.53 54.10 Td (representatives ) Tj ET Q q 0 0 0 rg BT 428.14 54.10 Td (from ) Tj ET Q q 0 0 0 rg BT 450.22 54.10 Td (both ) Tj ET Q q 0 0 0 rg BT 470.64 54.10 Td (management ) Tj ET Q q 0 0 0 rg BT 524.37 54.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 54.10 Td (labor ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (75) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (unions. ) Tj ET Q q 0 0 0 rg BT 81.43 731.10 Td (Contributions ) Tj ET Q q 0 0 0 rg BT 138.69 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.73 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.20 731.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 186.57 731.10 Td (are ) Tj ET Q q 0 0 0 rg BT 201.04 731.10 Td (made ) Tj ET Q q 0 0 0 rg BT 224.95 731.10 Td (based ) Tj ET Q q 0 0 0 rg BT 249.98 731.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 272.23 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.93 731.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 301.74 731.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 318.98 731.10 Td (per ) Tj ET Q q 0 0 0 rg BT 334.01 731.10 Td (hour ) Tj ET Q q 0 0 0 rg BT 354.59 731.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 386.84 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.54 731.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.01 731.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 446.91 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.95 731.10 Td (by ) Tj ET Q q 0 0 0 rg BT 469.20 731.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 520.34 731.10 Td (employers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.11 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.00 719.10 Td (unions ) Tj ET Q q 0 0 0 rg BT 111.33 719.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.78 719.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 163.32 719.10 Td (bar) Tj ET Q q 0 0 0 rg BT 175.91 719.10 Td (gaining. ) Tj ET Q q 0 0 0 rg BT 211.07 719.10 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 243.18 719.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 269.17 719.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.05 719.10 Td (set ) Tj ET Q q 0 0 0 rg BT 297.83 719.10 Td (by ) Tj ET Q q 0 0 0 rg BT 310.50 719.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.61 719.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 338.61 719.10 Td (board ) Tj ET Q q 0 0 0 rg BT 364.05 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.05 719.10 Td (trustees ) Tj ET Q q 0 0 0 rg BT 408.27 719.10 Td (based ) Tj ET Q q 0 0 0 rg BT 433.70 719.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.37 719.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.26 719.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 490.02 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.02 719.10 Td (an ) Tj ET Q q 0 0 0 rg BT 513.13 719.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 707.10 Td (actuary ) Tj ET Q q 0 0 0 rg BT 82.08 707.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 123.06 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.94 707.10 Td (level ) Tj ET Q q 0 0 0 rg BT 160.03 707.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.03 707.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 205.34 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 223.00 707.10 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 275.63 707.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 331.07 707.10 Td (can ) Tj ET Q q 0 0 0 rg BT 347.61 707.10 Td (be ) Tj ET Q q 0 0 0 rg BT 359.71 707.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 397.90 707.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.34 707.10 Td (support. ) Tj ET Q q 0 0 0 rg BT 443.31 707.10 Td (T) Tj ET Q q 0 0 0 rg BT 448.72 707.10 Td (o ) Tj ET Q q 0 0 0 rg BT 456.38 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.26 707.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 498.35 707.10 Td (that ) Tj ET Q q 0 0 0 rg BT 516.01 707.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.89 707.10 Td (pension ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 695.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 93.50 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.79 695.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.28 695.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 181.77 695.10 Td (employers ) Tj ET Q q 0 0 0 rg BT 226.38 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 236.00 695.10 Td (unfunded, ) Tj ET Q q 0 0 0 rg BT 279.22 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.39 695.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 336.23 695.10 Td (may ) Tj ET Q q 0 0 0 rg BT 356.40 695.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.79 695.10 Td (required ) Tj ET Q q 0 0 0 rg BT 405.05 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.78 695.10 Td (make ) Tj ET Q q 0 0 0 rg BT 440.39 695.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 483.33 695.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 539.06 695.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 695.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 683.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.38 683.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.66 683.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 107.49 683.10 Td (these ) Tj ET Q q 0 0 0 rg BT 130.53 683.10 Td (obligations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (One ) Tj ET Q q 0 0 0 rg BT 69.59 662.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.85 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.99 662.10 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 157.80 662.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 181.84 662.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.76 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.91 662.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 256.72 662.10 Td (contributes ) Tj ET Q q 0 0 0 rg BT 304.08 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.79 662.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.39 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.53 662.10 Td (Steelworkers ) Tj ET Q q 0 0 0 rg BT 394.46 662.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.10 662.10 Td (estern ) Tj ET Q q 0 0 0 rg BT 429.90 662.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 482.25 662.10 Td (Shops ) Tj ET Q q 0 0 0 rg BT 509.64 662.10 Td (Pension ) Tj ET Q q 0 0 0 rg BT 544.23 662.10 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (\(WISPP, ) Tj ET Q q 0 0 0 rg BT 96.11 650.10 Td (EIN ) Tj ET Q q 0 0 0 rg BT 114.72 650.10 Td (90-0169564, ) Tj ET Q q 0 0 0 rg BT 167.50 650.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 187.23 650.10 Td (No. ) Tj ET Q q 0 0 0 rg BT 203.90 650.10 Td (001\) ) Tj ET Q q 0 0 0 rg BT 224.18 650.10 Td (benefiting ) Tj ET Q q 0 0 0 rg BT 266.67 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.84 650.10 Td (union ) Tj ET Q q 0 0 0 rg BT 305.56 650.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 350.28 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.56 650.10 Td (SMB, ) Tj ET Q q 0 0 0 rg BT 386.13 650.10 Td (which ) Tj ET Q q 0 0 0 rg BT 412.52 650.10 Td (are ) Tj ET Q q 0 0 0 rg BT 426.68 650.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 460.27 650.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.22 650.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.61 650.10 Td (collective ) Tj ET Q q 0 0 0 rg BT 519.43 650.10 Td (bar) Tj ET Q q 0 0 0 rg BT 532.01 650.10 Td (gaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 94.11 638.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.57 638.10 Td (will ) Tj ET Q q 0 0 0 rg BT 129.60 638.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 157.05 638.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.52 638.10 Td (March31, ) Tj ET Q q 0 0 0 rg BT 213.09 638.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.09 638.10 Td (. ) Tj ET Q q 0 0 0 rg BT 237.51 638.10 Td (As ) Tj ET Q q 0 0 0 rg BT 251.09 638.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.89 638.10 Td (October ) Tj ET Q q 0 0 0 rg BT 296.56 638.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 306.53 638.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 331.50 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.01 638.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 375.09 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.56 638.10 Td (had ) Tj ET Q q 0 0 0 rg BT 394.46 638.10 Td (an ) Tj ET Q q 0 0 0 rg BT 406.37 638.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 459.37 638.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 492.94 638.10 Td (deficiency ) Tj ET Q q 0 0 0 rg BT 537.05 638.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 557.57 638.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 78.19 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.06 626.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 116.26 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.57 626.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 171.55 626.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 204.75 626.10 Td (requirements\) ) Tj ET Q q 0 0 0 rg BT 262.38 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.91 626.10 Td (was ) Tj ET Q q 0 0 0 rg BT 296.55 626.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 331.95 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.82 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.35 626.10 Td (Red ) Tj ET Q q 0 0 0 rg BT 366.56 626.10 Td (Zone ) Tj ET Q q 0 0 0 rg BT 389.19 626.10 Td (Status, ) Tj ET Q q 0 0 0 rg BT 418.23 626.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.66 626.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 460.73 626.10 Td (by ) Tj ET Q q 0 0 0 rg BT 472.83 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.14 626.10 Td (Pension ) Tj ET Q q 0 0 0 rg BT 520.90 626.10 Td (Protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 67.09 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.08 614.10 Td (2006. ) Tj ET Q q 0 0 0 rg BT 102.64 614.10 Td (As ) Tj ET Q q 0 0 0 rg BT 116.41 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.40 614.10 Td (October ) Tj ET Q q 0 0 0 rg BT 162.26 614.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 172.41 614.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 197.56 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.24 614.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 241.32 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.98 614.10 Td (was ) Tj ET Q q 0 0 0 rg BT 262.18 614.10 Td (no ) Tj ET Q q 0 0 0 rg BT 274.84 614.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 303.04 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.47 614.10 Td (Red ) Tj ET Q q 0 0 0 rg BT 332.23 614.10 Td (Zone ) Tj ET Q q 0 0 0 rg BT 355.43 614.10 Td (Status, ) Tj ET Q q 0 0 0 rg BT 385.04 614.10 Td (having ) Tj ET Q q 0 0 0 rg BT 414.91 614.10 Td (been ) Tj ET Q q 0 0 0 rg BT 436.44 614.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 472.40 614.10 Td (by ) Tj ET Q q 0 0 0 rg BT 485.05 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.93 614.10 Td (plan) Tj ET Q q 0 0 0 rg BT 519.92 614.10 Td (s ) Tj ET Q q 0 0 0 rg BT 526.47 614.10 Td (actuaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.75 602.10 Td (being ) Tj ET Q q 0 0 0 rg BT 85.38 602.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.58 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.21 602.10 Td (Green ) Tj ET Q q 0 0 0 rg BT 137.06 602.10 Td (Zone. ) Tj ET Q q 0 0 0 rg BT 162.34 602.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.31 602.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.61 602.10 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.57 602.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 281.99 602.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.88 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.30 602.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.49 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.95 602.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 367.03 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.45 602.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.53 602.10 Td (each ) Tj ET Q q 0 0 0 rg BT 404.26 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.01 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.64 602.10 Td (years ) Tj ET Q q 0 0 0 rg BT 453.16 602.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.92 602.10 Td (August ) Tj ET Q q 0 0 0 rg BT 510.23 602.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.14 602.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 547.56 602.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.87 590.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.68 590.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 104.05 590.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.94 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.31 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.34 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.93 590.10 Td (year ) Tj ET Q q 0 0 0 rg BT 183.51 590.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.23 590.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 255.49 590.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.49 590.10 Td (. ) Tj ET Q q 0 0 0 rg BT 280.19 590.10 Td (These ) Tj ET Q q 0 0 0 rg BT 306.44 590.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 361.59 590.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 410.04 590.10 Td (more ) Tj ET Q q 0 0 0 rg BT 432.96 590.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.54 590.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.88 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.25 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.95 590.10 Td (total ) Tj ET Q q 0 0 0 rg BT 499.09 590.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 554.23 590.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 578.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 93.62 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.12 578.10 Td (for ) Tj ET Q q 0 0 0 rg BT 110.28 578.10 Td (each ) Tj ET Q q 0 0 0 rg BT 131.09 578.10 Td (year) Tj ET Q q 0 0 0 rg BT 147.75 578.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.27 557.10 Td (2004, ) Tj ET Q q 0 0 0 rg BT 84.71 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.87 557.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 131.90 557.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 168.83 557.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 200.75 557.10 Td (\(IRS\) ) Tj ET Q q 0 0 0 rg BT 233.79 557.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 272.94 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.31 557.10 Td (seven-year ) Tj ET Q q 0 0 0 rg BT 324.56 557.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 364.83 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.10 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.25 557.10 Td (period ) Tj ET Q q 0 0 0 rg BT 416.74 557.10 Td (over ) Tj ET Q q 0 0 0 rg BT 436.45 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 462.83 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.84 557.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 505.92 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.86 557.10 Td (may ) Tj ET Q q 0 0 0 rg BT 527.02 557.10 Td (amortize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 90.47 545.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 132.89 545.10 Td (conditioned ) Tj ET Q q 0 0 0 rg BT 182.81 545.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 205.51 545.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 258.75 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.78 545.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 299.69 545.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 341.28 545.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 375.09 545.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 403.62 545.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 430.77 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 443.47 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.39 545.10 Td (actuarial ) Tj ET Q q 0 0 0 rg BT 495.51 545.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 535.43 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 545.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 533.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 79.08 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.37 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.99 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.60 533.10 Td (October ) Tj ET Q q 0 0 0 rg BT 137.10 533.10 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.89 533.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.89 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.67 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.18 533.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 216.24 533.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 261.82 533.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 290.21 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.50 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.00 533.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 337.61 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.23 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.74 533.10 Td (market ) Tj ET Q q 0 0 0 rg BT 392.79 533.10 Td (value ) Tj ET Q q 0 0 0 rg BT 416.73 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.35 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.97 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 463.03 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.54 533.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 530.35 533.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.12 521.10 Td (\(present ) Tj ET Q q 0 0 0 rg BT 119.33 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 143.99 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.33 521.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 189.42 521.10 Td (benefits\) ) Tj ET Q q 0 0 0 rg BT 227.42 521.10 Td (using ) Tj ET Q q 0 0 0 rg BT 252.09 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.32 521.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 307.54 521.10 Td (method ) Tj ET Q q 0 0 0 rg BT 340.54 521.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 385.20 521.10 Td (by ) Tj ET Q q 0 0 0 rg BT 398.20 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.43 521.10 Td (IRS\) ) Tj ET Q q 0 0 0 rg BT 435.33 521.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.89 521.10 Td (76.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.72 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.22 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 512.67 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 522.35 521.10 Td (below ) Tj ET Q q 0 0 0 rg BT 549.79 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 509.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 85.10 509.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 119.29 509.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 140.69 509.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 179.86 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.72 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.01 509.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 250.73 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 271.58 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.88 509.10 Td (IRS. ) Tj ET Q q 0 0 0 rg BT 308.02 509.10 Td (In ) Tj ET Q q 0 0 0 rg BT 319.43 509.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 345.00 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.07 509.10 Td (WISPP) Tj ET Q q 0 0 0 rg BT 389.16 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.23 509.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 429.75 509.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 453.92 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 476.43 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.73 509.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 530.90 509.10 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.71 497.10 Td (from ) Tj ET Q q 0 0 0 rg BT 126.66 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.39 497.10 Td (IRS, ) Tj ET Q q 0 0 0 rg BT 161.96 497.10 Td (without ) Tj ET Q q 0 0 0 rg BT 195.03 497.10 Td (which ) Tj ET Q q 0 0 0 rg BT 221.98 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.71 497.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 254.78 497.10 Td (could ) Tj ET Q q 0 0 0 rg BT 279.51 497.10 Td (have ) Tj ET Q q 0 0 0 rg BT 300.90 497.10 Td (revoked ) Tj ET Q q 0 0 0 rg BT 335.62 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.34 497.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 403.39 497.10 Td (extension ) Tj ET Q q 0 0 0 rg BT 444.23 497.10 Td (retroactively ) Tj ET Q q 0 0 0 rg BT 497.27 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.56 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.29 497.10 Td (2002 ) Tj ET Q q 0 0 0 rg BT 544.80 497.10 Td (plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.71 485.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 107.20 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.48 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.42 485.10 Td (material ) Tj ET Q q 0 0 0 rg BT 159.68 485.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 193.29 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 207.45 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.16 485.10 Td (Company) Tj ET Q q 0 0 0 rg BT 263.83 485.10 Td (s ) Tj ET Q q 0 0 0 rg BT 270.22 485.10 Td (share ) Tj ET Q q 0 0 0 rg BT 293.82 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.65 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.37 485.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 356.86 485.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 390.47 485.10 Td (deficiency) Tj ET Q q 0 0 0 rg BT 431.46 485.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 464.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 146.66 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.94 464.10 Td (all ) Tj ET Q q 0 0 0 rg BT 169.43 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.26 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.98 464.10 Td (multiemployer ) Tj ET Q q 0 0 0 rg BT 256.36 464.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 279.97 464.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.89 464.10 Td ($4 ) Tj ET Q q 0 0 0 rg BT 314.39 464.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.29 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.79 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 359.95 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.66 464.10 Td (years ) Tj ET Q q 0 0 0 rg BT 398.26 464.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.09 464.10 Td (August ) Tj ET Q q 0 0 0 rg BT 455.48 464.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 470.48 464.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 495.48 464.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 517.98 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.92 464.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.92 464.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (Defined Contribution Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 70.32 425.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.98 425.10 Td (has ) Tj ET Q q 0 0 0 rg BT 132.09 425.10 Td (several ) Tj ET Q q 0 0 0 rg BT 165.18 425.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 199.94 425.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 253.60 425.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 279.48 425.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 319.24 425.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 351.22 425.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 401.26 425.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 444.92 425.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 502.47 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.02 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.02 425.10 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 101.93 413.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 126.08 413.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.34 413.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 169.38 413.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.27 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.32 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.02 413.10 Td (each ) Tj ET Q q 0 0 0 rg BT 237.38 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.75 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.02 413.10 Td (years ) Tj ET Q q 0 0 0 rg BT 288.16 413.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.41 413.10 Td (August ) Tj ET Q q 0 0 0 rg BT 346.34 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 361.89 413.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 384.93 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.42 413.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.42 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.46 413.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.94 413.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 455.99 413.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.88 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.92 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.63 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.89 413.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.14 413.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.10 Td (August ) Tj ET Q q 0 0 0 rg BT 81.39 401.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 96.39 401.10 Td (2012. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (Note 17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 377.10 Td ( Shar) Tj ET Q q 0 0 0 rg BT 112.87 377.10 Td (e-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.60 356.10 Td (Company) Tj ET Q q 0 0 0 rg BT 109.27 356.10 Td (s ) Tj ET Q q 0 0 0 rg BT 115.21 356.10 Td (1993 ) Tj ET Q q 0 0 0 rg BT 137.26 356.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 162.09 356.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 201.35 356.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 223.68 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.06 356.10 Td (amended, ) Tj ET Q q 0 0 0 rg BT 274.71 356.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 296.75 356.10 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 324.35 356.10 Td (was ) Tj ET Q q 0 0 0 rg BT 341.96 356.10 Td (established ) Tj ET Q q 0 0 0 rg BT 388.44 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 402.16 356.10 Td (its ) Tj ET Q q 0 0 0 rg BT 413.66 356.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 460.97 356.10 Td (consultants ) Tj ET Q q 0 0 0 rg BT 508.02 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 356.10 Td (directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (There ) Tj ET Q q 0 0 0 rg BT 75.98 344.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.85 344.10 Td (12.2 ) Tj ET Q q 0 0 0 rg BT 111.01 344.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.90 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.56 344.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 170.22 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.21 344.10 Td (Class) Tj ET Q q 0 0 0 rg BT 204.83 344.10 Td (A) Tj ET Q q 0 0 0 rg BT 211.50 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.16 344.10 Td (common ) Tj ET Q q 0 0 0 rg BT 251.82 344.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 275.59 344.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 312.12 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.44 344.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 362.98 344.10 Td (under ) Tj ET Q q 0 0 0 rg BT 388.41 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.29 344.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 426.23 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.23 344.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.33 344.10 Td (5.6 ) Tj ET Q q 0 0 0 rg BT 479.49 344.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.38 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.04 344.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.91 344.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.31 332.10 Td (future ) Tj ET Q q 0 0 0 rg BT 90.83 332.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 117.92 332.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.89 332.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.28 332.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 185.82 332.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.82 332.10 Td (. ) Tj ET Q q 0 0 0 rg BT 210.97 332.10 Td (Share-based ) Tj ET Q q 0 0 0 rg BT 262.48 332.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 320.67 332.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 355.52 332.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.72 332.10 Td ($15 ) Tj ET Q q 0 0 0 rg BT 391.37 332.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.26 332.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.41 332.10 Td ($1) Tj ET Q q 0 0 0 rg BT 435.04 332.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 442.68 332.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.57 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.22 332.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.31 332.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 503.95 332.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.84 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.49 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 332.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.63 320.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.48 320.10 Td (August ) Tj ET Q q 0 0 0 rg BT 130.91 320.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 145.94 320.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 170.97 320.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 193.51 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.48 320.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.48 320.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.51 320.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 283.17 320.10 Td (. ) Tj ET Q q 0 0 0 rg BT 288.02 320.10 Td (T) Tj ET Q q 0 0 0 rg BT 293.43 320.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 305.41 320.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 339.59 320.10 Td (used ) Tj ET Q q 0 0 0 rg BT 360.46 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.65 320.10 Td (option ) Tj ET Q q 0 0 0 rg BT 402.74 320.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 441.92 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.89 320.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 490.31 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.17 320.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 540.91 320.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (units ) Tj ET Q q 0 0 0 rg BT 71.95 308.10 Td (were ) Tj ET Q q 0 0 0 rg BT 93.88 308.10 Td (not ) Tj ET Q q 0 0 0 rg BT 109.16 308.10 Td (material ) Tj ET Q q 0 0 0 rg BT 144.41 308.10 Td (for ) Tj ET Q q 0 0 0 rg BT 158.57 308.10 Td (all ) Tj ET Q q 0 0 0 rg BT 171.07 308.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 203.01 308.10 Td (presented. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.61 269.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 89.45 269.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 126.95 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 141.67 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.95 269.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 193.89 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.28 269.10 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 233.96 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 252.57 269.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 293.95 269.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 310.89 269.10 Td (value ) Tj ET Q q 0 0 0 rg BT 335.61 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.00 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.28 269.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 388.69 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.42 269.10 Td (based ) Tj ET Q q 0 0 0 rg BT 424.25 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.31 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.59 269.10 Td (market ) Tj ET Q q 0 0 0 rg BT 483.41 269.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 515.36 269.10 Td (price ) Tj ET Q q 0 0 0 rg BT 538.41 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 269.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 95.89 257.10 Td (Class) Tj ET Q q 0 0 0 rg BT 119.51 257.10 Td (A) Tj ET Q q 0 0 0 rg BT 126.18 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.75 257.10 Td (common ) Tj ET Q q 0 0 0 rg BT 166.31 257.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.98 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.55 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.33 257.10 Td (date ) Tj ET Q q 0 0 0 rg BT 236.55 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.45 257.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 272.87 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 290.99 257.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 349.09 257.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 383.87 257.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.53 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 447.87 257.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 473.78 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 483.02 257.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 529.45 257.10 Td (over ) Tj ET Q q 0 0 0 rg BT 549.78 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 93.03 245.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 129.97 245.10 Td (service ) Tj ET Q q 0 0 0 rg BT 160.78 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 188.83 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.66 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.38 245.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 247.70 245.10 Td (net ) Tj ET Q q 0 0 0 rg BT 262.41 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.24 245.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 314.06 245.10 Td (forfeitures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (During ) Tj ET Q q 0 0 0 rg BT 81.13 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.16 224.10 Td (years ) Tj ET Q q 0 0 0 rg BT 120.06 224.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.12 224.10 Td (August ) Tj ET Q q 0 0 0 rg BT 177.82 224.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 193.12 224.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 218.42 224.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 241.23 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.47 224.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.47 224.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.78 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.80 224.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 359.37 224.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 406.62 224.10 Td (granted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.41 224.10 Td (219,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.91 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.71 224.10 Td (RSUs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.36 224.10 Td (217,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.86 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.66 224.10 Td (RSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.55 212.10 Td (146,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.05 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.16 212.10 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 129.11 212.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 176.77 212.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.38 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.27 212.10 Td (its ) Tj ET Q q 0 0 0 rg BT 202.83 212.10 Td (key ) Tj ET Q q 0 0 0 rg BT 219.38 212.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 266.75 212.10 Td (of) Tj ET Q q 0 0 0 rg BT 274.90 212.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 299.21 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.76 212.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 356.74 212.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 393.84 212.10 Td (under ) Tj ET Q q 0 0 0 rg BT 418.72 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.04 212.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 455.28 212.10 Td (The ) Tj ET Q q 0 0 0 rg BT 472.93 212.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 498.39 212.10 Td (have ) Tj ET Q q 0 0 0 rg BT 519.37 212.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.92 212.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.47 212.10 Td (-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.60 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.31 200.10 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.69 200.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.02 200.10 Td (per ) Tj ET Q q 0 0 0 rg BT 141.56 200.10 Td (year ) Tj ET Q q 0 0 0 rg BT 161.04 200.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 214.96 200.10 Td (October ) Tj ET Q q 0 0 0 rg BT 249.44 200.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 261.71 200.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.31 200.10 Td (June ) Tj ET Q q 0 0 0 rg BT 292.92 200.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 300.19 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.79 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.28 200.10 Td (year ) Tj ET Q q 0 0 0 rg BT 344.76 200.10 Td (after ) Tj ET Q q 0 0 0 rg BT 365.34 200.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 390.66 200.10 Td (except ) Tj ET Q q 0 0 0 rg BT 419.03 200.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.96 200.10 Td (an ) Tj ET Q q 0 0 0 rg BT 444.67 200.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 490.26 200.10 Td (number ) Tj ET Q q 0 0 0 rg BT 523.08 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.68 200.10 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 81.94 188.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.66 188.10 Td (dif) Tj ET Q q 0 0 0 rg BT 112.59 188.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 137.86 188.10 Td (terms. ) Tj ET Q q 0 0 0 rg BT 164.38 188.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.88 188.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 222.15 188.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 237.97 188.10 Td (value ) Tj ET Q q 0 0 0 rg BT 261.58 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.86 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.03 188.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 311.32 188.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 343.26 188.10 Td (during ) Tj ET Q q 0 0 0 rg BT 371.31 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.48 188.10 Td (years ) Tj ET Q q 0 0 0 rg BT 408.53 188.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.92 188.10 Td (August ) Tj ET Q q 0 0 0 rg BT 464.77 188.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 479.22 188.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 503.67 188.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 525.61 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.00 188.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 188.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 176.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 80.55 176.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 176.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.44 176.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 126.94 176.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.83 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.33 176.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.27 176.10 Td ($6 ) Tj ET Q q 0 0 0 rg BT 187.77 176.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.67 176.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.67 176.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 269.33 176.10 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (76) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.17 731.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.89 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.43 731.10 Td (Company) Tj ET Q q 0 0 0 rg BT 166.10 731.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.49 731.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 212.19 731.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 235.80 731.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 253.86 731.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 286.35 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.52 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.35 731.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 686.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 686.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 686.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 686.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 686.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 658.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 658.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 658.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 658.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 658.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 630.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 630.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 630.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 630.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 630.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 602.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 602.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 602.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 602.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 602.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 574.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 574.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 574.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 574.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 574.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 546.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 546.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 546.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 546.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 546.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.60 279.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 518.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 518.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 518.60 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 518.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 518.60 75.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 686.6 m 404.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 686.6 m 483.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 686.6 m 404.5 686.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 672.6 m 404.5 672.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 686.6 m 483.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 630.6 m 404.5 630.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 616.6 m 404.5 616.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 616.6 m 404.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 574.6 m 404.5 574.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 560.6 m 404.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 518.6 m 404.5 518.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 518.6 m 404.5 518.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 504.6 m 404.5 504.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.35 711.28 Td (Number) Tj ET Q q 0 0 0 rg BT 378.72 711.28 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.10 701.28 Td (Shar) Tj ET Q q 0 0 0 rg BT 372.48 701.28 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.05 691.28 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.20 711.28 Td (W) Tj ET Q q 0 0 0 rg BT 434.65 711.28 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.75 701.28 Td (A) Tj ET Q q 0 0 0 rg BT 420.23 701.28 Td (verage Grant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.95 691.28 Td (DateFair) Tj ET Q q 0 0 0 rg BT 452.58 691.28 Td () Tj ET Q q 0 0 0 rg BT 454.90 691.28 Td (V) Tj ET Q q 0 0 0 rg BT 461.21 691.28 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.40 691.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 516.54 691.28 Td () Tj ET Q q 0 0 0 rg BT 518.86 691.28 Td (V) Tj ET Q q 0 0 0 rg BT 525.17 691.28 Td (alue) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 542.95 695.81 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Outstanding as of August31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 677.17 Td (348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 677.17 Td (54.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 663.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 663.17 Td (146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 663.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 663.17 Td (42.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 649.22 Td (\(148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 649.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 649.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 649.17 Td (52.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 649.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 649.17 Td (28.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 635.22 Td (\(43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 635.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 635.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 635.17 Td (51.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.17 Td (Outstanding as of August31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 621.17 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 621.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 621.17 Td (49.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 607.17 Td (217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 607.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 607.17 Td (30.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 593.22 Td (\(174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 593.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 593.17 Td (46.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 593.17 Td (24.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 579.22 Td (\(35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 579.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 579.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 579.17 Td (40.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.17 Td (Outstanding as of August31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 565.17 Td (311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 565.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 565.17 Td (39.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 551.17 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 551.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 551.17 Td (30.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 537.22 Td (\(93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 537.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 537.17 Td (42.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 537.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 537.17 Td (25.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 523.22 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 523.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 523.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 523.17 Td (35.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.17 Td (Outstanding as of August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 509.17 Td (389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 509.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 509.17 Td (33.97) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 477.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 477.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 99.34 477.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 130.65 477.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.43 477.50 Td (value ) Tj ET Q q 0 0 0 rg BT 161.75 477.50 Td (of ) Tj ET Q q 0 0 0 rg BT 170.41 477.50 Td (the ) Tj ET Q q 0 0 0 rg BT 182.19 477.50 Td (Company) Tj ET Q q 0 0 0 rg BT 215.52 477.50 Td (s ) Tj ET Q q 0 0 0 rg BT 220.63 477.50 Td (Class) Tj ET Q q 0 0 0 rg BT 239.53 477.50 Td (A) Tj ET Q q 0 0 0 rg BT 244.86 477.50 Td ( ) Tj ET Q q 0 0 0 rg BT 246.86 477.50 Td (common ) Tj ET Q q 0 0 0 rg BT 276.86 477.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 295.75 477.50 Td (on ) Tj ET Q q 0 0 0 rg BT 305.75 477.50 Td (the ) Tj ET Q q 0 0 0 rg BT 317.52 477.50 Td (date ) Tj ET Q q 0 0 0 rg BT 332.84 477.50 Td (that ) Tj ET Q q 0 0 0 rg BT 346.84 477.50 Td (the ) Tj ET Q q 0 0 0 rg BT 358.61 477.50 Td (restricted ) Tj ET Q q 0 0 0 rg BT 390.38 477.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 409.26 477.50 Td (units ) Tj ET Q q 0 0 0 rg BT 426.82 477.50 Td (vested.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.70 453.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.75 453.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 157.77 453.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 216.46 453.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 251.83 453.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 296.08 453.50 Td (with ) Tj ET Q q 0 0 0 rg BT 317.01 453.50 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 343.52 453.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.00 453.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 368.16 453.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.05 453.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.71 453.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 415.86 453.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.76 453.50 Td ( ) Tj ET Q q 0 0 0 rg BT 447.91 453.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.51 453.50 Td ($7 ) Tj ET Q q 0 0 0 rg BT 478.66 453.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.56 453.50 Td ( ) Tj ET Q q 0 0 0 rg BT 510.71 453.50 Td (for ) Tj ET Q q 0 0 0 rg BT 525.53 453.50 Td (the ) Tj ET Q q 0 0 0 rg BT 540.90 453.50 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.22 441.50 Td (August ) Tj ET Q q 0 0 0 rg BT 108.12 441.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.63 441.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 149.14 441.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 172.14 441.50 Td (and ) Tj ET Q q 0 0 0 rg BT 189.59 441.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.59 441.50 Td (, ) Tj ET Q q 0 0 0 rg BT 215.10 441.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 262.76 441.50 Td (. ) Tj ET Q q 0 0 0 rg BT 267.60 441.50 Td (As ) Tj ET Q q 0 0 0 rg BT 281.72 441.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.40 441.50 Td (August31, ) Tj ET Q q 0 0 0 rg BT 339.30 441.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 441.50 Td (, ) Tj ET Q q 0 0 0 rg BT 364.80 441.50 Td (total ) Tj ET Q q 0 0 0 rg BT 385.59 441.50 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 442.46 441.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 501.01 441.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 524.01 441.50 Td (related ) Tj ET Q q 0 0 0 rg BT 554.22 441.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.50 Td (unvested ) Tj ET Q q 0 0 0 rg BT 88.05 429.50 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 113.89 429.50 Td (amounted ) Tj ET Q q 0 0 0 rg BT 155.83 429.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.10 429.50 Td ($7 ) Tj ET Q q 0 0 0 rg BT 178.60 429.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.50 429.50 Td (, ) Tj ET Q q 0 0 0 rg BT 212.50 429.50 Td (which ) Tj ET Q q 0 0 0 rg BT 239.43 429.50 Td (is ) Tj ET Q q 0 0 0 rg BT 248.60 429.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 286.64 429.50 Td (to ) Tj ET Q q 0 0 0 rg BT 296.91 429.50 Td (be ) Tj ET Q q 0 0 0 rg BT 308.85 429.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 355.21 429.50 Td (over ) Tj ET Q q 0 0 0 rg BT 375.48 429.50 Td (a ) Tj ET Q q 0 0 0 rg BT 382.42 429.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 421.58 429.50 Td (average ) Tj ET Q q 0 0 0 rg BT 455.16 429.50 Td (period ) Tj ET Q q 0 0 0 rg BT 483.21 429.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.04 429.50 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.54 429.50 Td ( ) Tj ET Q q 0 0 0 rg BT 509.04 429.50 Td (years. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 408.50 Td (Performance Share ) Tj ET Q q 0 0 0 rg BT 132.96 408.50 Td (A) Tj ET Q q 0 0 0 rg BT 138.89 408.50 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.19 390.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 88.62 390.50 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 132.36 390.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 211.63 390.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 242.60 390.50 Td (to ) Tj ET Q q 0 0 0 rg BT 253.03 390.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 282.88 390.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 328.29 390.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 359.26 390.50 Td (to ) Tj ET Q q 0 0 0 rg BT 369.69 390.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.54 390.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 443.85 390.50 Td (and ) Tj ET Q q 0 0 0 rg BT 460.94 390.50 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 509.93 390.50 Td (A) Tj ET Q q 0 0 0 rg BT 516.60 390.50 Td ( ) Tj ET Q q 0 0 0 rg BT 519.25 390.50 Td (participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.50 Td (generally ) Tj ET Q q 0 0 0 rg BT 90.26 378.50 Td (must ) Tj ET Q q 0 0 0 rg BT 112.76 378.50 Td (be ) Tj ET Q q 0 0 0 rg BT 125.25 378.50 Td (employed ) Tj ET Q q 0 0 0 rg BT 167.74 378.50 Td (by ) Tj ET Q q 0 0 0 rg BT 180.79 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 196.06 378.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 238.00 378.50 Td (on ) Tj ET Q q 0 0 0 rg BT 251.05 378.50 Td (October31 ) Tj ET Q q 0 0 0 rg BT 298.81 378.50 Td (following ) Tj ET Q q 0 0 0 rg BT 340.75 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 356.02 378.50 Td (end ) Tj ET Q q 0 0 0 rg BT 373.51 378.50 Td (of ) Tj ET Q q 0 0 0 rg BT 384.90 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 400.17 378.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 453.74 378.50 Td (period ) Tj ET Q q 0 0 0 rg BT 482.34 378.50 Td (to ) Tj ET Q q 0 0 0 rg BT 493.17 378.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 525.09 378.50 Td (an ) Tj ET Q q 0 0 0 rg BT 537.58 378.50 Td (award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.50 Td (payout, ) Tj ET Q q 0 0 0 rg BT 83.71 366.50 Td (although ) Tj ET Q q 0 0 0 rg BT 122.70 366.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 160.02 366.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 192.33 366.50 Td (will ) Tj ET Q q 0 0 0 rg BT 211.88 366.50 Td (be ) Tj ET Q q 0 0 0 rg BT 225.32 366.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 246.53 366.50 Td (if ) Tj ET Q q 0 0 0 rg BT 256.63 366.50 Td (employment ) Tj ET Q q 0 0 0 rg BT 310.62 366.50 Td (terminates ) Tj ET Q q 0 0 0 rg BT 356.26 366.50 Td (earlier ) Tj ET Q q 0 0 0 rg BT 385.79 366.50 Td (on ) Tj ET Q q 0 0 0 rg BT 399.78 366.50 Td (account ) Tj ET Q q 0 0 0 rg BT 434.87 366.50 Td (of ) Tj ET Q q 0 0 0 rg BT 447.19 366.50 Td (death, ) Tj ET Q q 0 0 0 rg BT 475.34 366.50 Td (disability) Tj ET Q q 0 0 0 rg BT 511.91 366.50 Td (, ) Tj ET Q q 0 0 0 rg BT 518.41 366.50 Td (retirement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.50 Td (termination ) Tj ET Q q 0 0 0 rg BT 98.90 354.50 Td (without ) Tj ET Q q 0 0 0 rg BT 132.26 354.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 157.27 354.50 Td (after ) Tj ET Q q 0 0 0 rg BT 178.39 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 193.41 354.50 Td (first ) Tj ET Q q 0 0 0 rg BT 212.32 354.50 Td (year ) Tj ET Q q 0 0 0 rg BT 232.33 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 243.46 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 258.48 354.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 311.81 354.50 Td (period ) Tj ET Q q 0 0 0 rg BT 340.16 354.50 Td (or ) Tj ET Q q 0 0 0 rg BT 351.29 354.50 Td (a ) Tj ET Q q 0 0 0 rg BT 358.53 354.50 Td (sale ) Tj ET Q q 0 0 0 rg BT 376.88 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 388.01 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.03 354.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 444.72 354.50 Td (or ) Tj ET Q q 0 0 0 rg BT 455.85 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.87 354.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 510.33 354.50 Td (segments ) Tj ET Q q 0 0 0 rg BT 550.35 354.50 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.50 Td (which ) Tj ET Q q 0 0 0 rg BT 76.86 342.50 Td (the ) Tj ET Q q 0 0 0 rg BT 91.51 342.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 136.69 342.50 Td (works. ) Tj ET Q q 0 0 0 rg BT 165.52 342.50 Td (A) Tj ET Q q 0 0 0 rg BT 171.83 342.50 Td (wards ) Tj ET Q q 0 0 0 rg BT 198.14 342.50 Td (will ) Tj ET Q q 0 0 0 rg BT 216.12 342.50 Td (be ) Tj ET Q q 0 0 0 rg BT 227.98 342.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 247.63 342.50 Td (in ) Tj ET Q q 0 0 0 rg BT 257.83 342.50 Td (Class) Tj ET Q q 0 0 0 rg BT 281.45 342.50 Td (A) Tj ET Q q 0 0 0 rg BT 288.12 342.50 Td ( ) Tj ET Q q 0 0 0 rg BT 290.54 342.50 Td (common ) Tj ET Q q 0 0 0 rg BT 327.96 342.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 351.50 342.50 Td (as ) Tj ET Q q 0 0 0 rg BT 362.25 342.50 Td (soon ) Tj ET Q q 0 0 0 rg BT 383.57 342.50 Td (as ) Tj ET Q q 0 0 0 rg BT 394.33 342.50 Td (practicable ) Tj ET Q q 0 0 0 rg BT 440.61 342.50 Td (after ) Tj ET Q q 0 0 0 rg BT 461.35 342.50 Td (October31 ) Tj ET Q q 0 0 0 rg BT 508.48 342.50 Td (following ) Tj ET Q q 0 0 0 rg BT 549.80 342.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.50 Td (end ) Tj ET Q q 0 0 0 rg BT 66.94 330.50 Td (of ) Tj ET Q q 0 0 0 rg BT 77.77 330.50 Td (the ) Tj ET Q q 0 0 0 rg BT 92.49 330.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 145.51 330.50 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.50 Td (The ) Tj ET Q q 0 0 0 rg BT 67.73 309.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.81 309.50 Td (accrues ) Tj ET Q q 0 0 0 rg BT 140.97 309.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 198.70 309.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 217.00 309.50 Td (for ) Tj ET Q q 0 0 0 rg BT 230.84 309.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 283.55 309.50 Td (share ) Tj ET Q q 0 0 0 rg BT 306.84 309.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 337.35 309.50 Td (based ) Tj ET Q q 0 0 0 rg BT 362.30 309.50 Td (on ) Tj ET Q q 0 0 0 rg BT 374.49 309.50 Td (the ) Tj ET Q q 0 0 0 rg BT 388.90 309.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 426.07 309.50 Td (outcome ) Tj ET Q q 0 0 0 rg BT 462.69 309.50 Td (of ) Tj ET Q q 0 0 0 rg BT 473.21 309.50 Td (specified ) Tj ET Q q 0 0 0 rg BT 511.49 309.50 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 96.30 297.50 Td (net ) Tj ET Q q 0 0 0 rg BT 110.64 297.50 Td (of ) Tj ET Q q 0 0 0 rg BT 121.10 297.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 161.55 297.50 Td (forfeitures. ) Tj ET Q q 0 0 0 rg BT 207.68 297.50 Td (The ) Tj ET Q q 0 0 0 rg BT 225.35 297.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.37 297.50 Td (accrues ) Tj ET Q q 0 0 0 rg BT 298.48 297.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 356.15 297.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 374.39 297.50 Td (if ) Tj ET Q q 0 0 0 rg BT 382.63 297.50 Td (it ) Tj ET Q q 0 0 0 rg BT 390.31 297.50 Td (is ) Tj ET Q q 0 0 0 rg BT 399.11 297.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 436.23 297.50 Td (that ) Tj ET Q q 0 0 0 rg BT 453.35 297.50 Td (the ) Tj ET Q q 0 0 0 rg BT 467.70 297.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 520.35 297.50 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.50 Td (will ) Tj ET Q q 0 0 0 rg BT 68.64 285.50 Td (be ) Tj ET Q q 0 0 0 rg BT 81.17 285.50 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 122.06 285.50 Td (The ) Tj ET Q q 0 0 0 rg BT 140.69 285.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.67 285.50 Td (reassesses ) Tj ET Q q 0 0 0 rg BT 226.30 285.50 Td (whether ) Tj ET Q q 0 0 0 rg BT 261.59 285.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 315.20 285.50 Td (of ) Tj ET Q q 0 0 0 rg BT 326.62 285.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.92 285.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 395.53 285.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 440.28 285.50 Td (are ) Tj ET Q q 0 0 0 rg BT 455.57 285.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 493.64 285.50 Td (at ) Tj ET Q q 0 0 0 rg BT 503.95 285.50 Td (each ) Tj ET Q q 0 0 0 rg BT 525.35 285.50 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.50 Td (date. ) Tj ET Q q 0 0 0 rg BT 70.95 273.50 Td (If ) Tj ET Q q 0 0 0 rg BT 79.40 273.50 Td (it ) Tj ET Q q 0 0 0 rg BT 86.75 273.50 Td (is ) Tj ET Q q 0 0 0 rg BT 95.22 273.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 131.99 273.50 Td (that ) Tj ET Q q 0 0 0 rg BT 148.78 273.50 Td (the ) Tj ET Q q 0 0 0 rg BT 162.79 273.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 188.46 273.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 240.77 273.50 Td (results ) Tj ET Q q 0 0 0 rg BT 268.68 273.50 Td (will ) Tj ET Q q 0 0 0 rg BT 286.03 273.50 Td (exceed ) Tj ET Q q 0 0 0 rg BT 315.57 273.50 Td (the ) Tj ET Q q 0 0 0 rg BT 329.58 273.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 354.70 273.50 Td (tar) Tj ET Q q 0 0 0 rg BT 365.07 273.50 Td (get ) Tj ET Q q 0 0 0 rg BT 379.08 273.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 431.40 273.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 477.35 273.50 Td (the ) Tj ET Q q 0 0 0 rg BT 491.36 273.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.04 273.50 Td (accrues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.26 261.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 150.06 261.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 168.44 261.50 Td (for ) Tj ET Q q 0 0 0 rg BT 182.36 261.50 Td (the ) Tj ET Q q 0 0 0 rg BT 196.85 261.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 239.10 261.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 291.89 261.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 319.15 261.50 Td (to ) Tj ET Q q 0 0 0 rg BT 329.19 261.50 Td (be ) Tj ET Q q 0 0 0 rg BT 340.89 261.50 Td (awarded. ) Tj ET Q q 0 0 0 rg BT 379.53 261.50 Td (If, ) Tj ET Q q 0 0 0 rg BT 390.95 261.50 Td (upon ) Tj ET Q q 0 0 0 rg BT 413.22 261.50 Td (reassessment, ) Tj ET Q q 0 0 0 rg BT 470.19 261.50 Td (it ) Tj ET Q q 0 0 0 rg BT 478.01 261.50 Td (is ) Tj ET Q q 0 0 0 rg BT 486.95 261.50 Td (no ) Tj ET Q q 0 0 0 rg BT 499.21 261.50 Td (longer ) Tj ET Q q 0 0 0 rg BT 527.03 261.50 Td (probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.50 Td (that ) Tj ET Q q 0 0 0 rg BT 67.74 249.50 Td (the ) Tj ET Q q 0 0 0 rg BT 82.70 249.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 109.32 249.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 162.58 249.50 Td (results ) Tj ET Q q 0 0 0 rg BT 191.44 249.50 Td (will ) Tj ET Q q 0 0 0 rg BT 209.74 249.50 Td (exceed ) Tj ET Q q 0 0 0 rg BT 240.23 249.50 Td (the ) Tj ET Q q 0 0 0 rg BT 255.20 249.50 Td (stated ) Tj ET Q q 0 0 0 rg BT 281.26 249.50 Td (tar) Tj ET Q q 0 0 0 rg BT 291.63 249.50 Td (get ) Tj ET Q q 0 0 0 rg BT 306.59 249.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 359.86 249.50 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 406.77 249.50 Td (or ) Tj ET Q q 0 0 0 rg BT 417.84 249.50 Td (that ) Tj ET Q q 0 0 0 rg BT 435.58 249.50 Td (it ) Tj ET Q q 0 0 0 rg BT 443.88 249.50 Td (is ) Tj ET Q q 0 0 0 rg BT 453.30 249.50 Td (no ) Tj ET Q q 0 0 0 rg BT 466.04 249.50 Td (longer ) Tj ET Q q 0 0 0 rg BT 494.33 249.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 532.06 249.50 Td (that ) Tj ET Q q 0 0 0 rg BT 549.80 249.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.50 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 237.50 Td (get ) Tj ET Q q 0 0 0 rg BT 75.84 237.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 129.62 237.50 Td (condition ) Tj ET Q q 0 0 0 rg BT 170.65 237.50 Td (will ) Tj ET Q q 0 0 0 rg BT 189.46 237.50 Td (be ) Tj ET Q q 0 0 0 rg BT 202.15 237.50 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 243.44 237.50 Td (the ) Tj ET Q q 0 0 0 rg BT 258.91 237.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 301.06 237.50 Td (reverses ) Tj ET Q q 0 0 0 rg BT 337.07 237.50 Td (any ) Tj ET Q q 0 0 0 rg BT 354.77 237.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 401.88 237.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 460.68 237.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.05 237.50 Td (for ) Tj ET Q q 0 0 0 rg BT 494.96 237.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.21 237.50 Td (no ) Tj ET Q q 0 0 0 rg BT 536.46 237.50 Td (longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.50 Td (probable ) Tj ET Q q 0 0 0 rg BT 87.18 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 97.70 225.50 Td (being ) Tj ET Q q 0 0 0 rg BT 122.11 225.50 Td (issued. ) Tj ET Q q 0 0 0 rg BT 151.81 225.50 Td (If ) Tj ET Q q 0 0 0 rg BT 160.66 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 175.07 225.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 227.79 225.50 Td (conditions ) Tj ET Q q 0 0 0 rg BT 271.65 225.50 Td (are ) Tj ET Q q 0 0 0 rg BT 286.05 225.50 Td (not ) Tj ET Q q 0 0 0 rg BT 301.02 225.50 Td (achieved ) Tj ET Q q 0 0 0 rg BT 338.75 225.50 Td (at ) Tj ET Q q 0 0 0 rg BT 348.16 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 362.57 225.50 Td (end ) Tj ET Q q 0 0 0 rg BT 379.20 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 389.72 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.13 225.50 Td (service ) Tj ET Q q 0 0 0 rg BT 434.64 225.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 464.88 225.50 Td (all ) Tj ET Q q 0 0 0 rg BT 477.07 225.50 Td (related ) Tj ET Q q 0 0 0 rg BT 506.47 225.50 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.61 213.50 Td (previously ) Tj ET Q q 0 0 0 rg BT 113.33 213.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 159.69 213.50 Td (is ) Tj ET Q q 0 0 0 rg BT 168.86 213.50 Td (reversed.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.22 213.50 Td () Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 191.1669921875 m 239.619140625 191.1669921875 l s q 0 0 0 rg BT 50.00 192.50 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 77.50 192.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 100.00 192.50 Td ( ) Tj ET Q q 0 0 0 rg BT 107.50 192.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 130.00 192.50 Td (Performance ) Tj ET Q q 0 0 0 rg BT 184.70 192.50 Td (Shar) Tj ET Q q 0 0 0 rg BT 203.22 192.50 Td (e ) Tj ET Q q 0 0 0 rg BT 209.98 192.50 Td (A) Tj ET Q q 0 0 0 rg BT 215.54 192.50 Td (war) Tj ET Q q 0 0 0 rg BT 230.73 192.50 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.50 Td (The ) Tj ET Q q 0 0 0 rg BT 69.43 171.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 131.09 171.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 179.41 171.50 Td (approved ) Tj ET Q q 0 0 0 rg BT 220.50 171.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 301.01 171.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 333.21 171.50 Td (under ) Tj ET Q q 0 0 0 rg BT 359.86 171.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.96 171.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 397.63 171.50 Td (with ) Tj ET Q q 0 0 0 rg BT 419.29 171.50 Td (a ) Tj ET Q q 0 0 0 rg BT 427.61 171.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 452.04 171.50 Td (date ) Tj ET Q q 0 0 0 rg BT 472.58 171.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.79 171.50 Td (July24, ) Tj ET Q q 0 0 0 rg BT 520.35 171.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.35 171.50 Td (. ) Tj ET Q q 0 0 0 rg BT 546.45 171.50 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.74 159.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 158.15 159.50 Td (established ) Tj ET Q q 0 0 0 rg BT 205.55 159.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.04 159.50 Td (tar) Tj ET Q q 0 0 0 rg BT 269.41 159.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 288.49 159.50 Td (based ) Tj ET Q q 0 0 0 rg BT 314.22 159.50 Td (on ) Tj ET Q q 0 0 0 rg BT 327.19 159.50 Td (the ) Tj ET Q q 0 0 0 rg BT 342.38 159.50 Td (Company) Tj ET Q q 0 0 0 rg BT 384.04 159.50 Td (s ) Tj ET Q q 0 0 0 rg BT 390.90 159.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 427.01 159.50 Td ( ) Tj ET Q q 0 0 0 rg BT 429.98 159.50 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 472.93 159.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.12 159.50 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.45 159.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 507.75 159.50 Td (and ) Tj ET Q q 0 0 0 rg BT 525.16 159.50 Td (return ) Tj ET Q q 0 0 0 rg BT 552.00 159.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 77.50 147.50 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 120.00 147.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.73 147.50 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 147.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 153.90 147.50 Td (for ) Tj ET Q q 0 0 0 rg BT 168.07 147.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.79 147.50 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 147.50 Td ( ) Tj ET Q q 0 0 0 rg BT 200.30 147.50 Td (years ) Tj ET Q q 0 0 0 rg BT 223.91 147.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.75 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 249.48 147.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.51 147.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 333.07 147.50 Td (with ) Tj ET Q q 0 0 0 rg BT 353.35 147.50 Td (award ) Tj ET Q q 0 0 0 rg BT 380.29 147.50 Td (payouts ) Tj ET Q q 0 0 0 rg BT 413.91 147.50 Td (ranging ) Tj ET Q q 0 0 0 rg BT 446.97 147.50 Td (from ) Tj ET Q q 0 0 0 rg BT 468.92 147.50 Td (a ) Tj ET Q q 0 0 0 rg BT 475.86 147.50 Td (threshold ) Tj ET Q q 0 0 0 rg BT 515.59 147.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.43 147.50 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.76 147.50 Td ( ) Tj ET Q q 0 0 0 rg BT 547.27 147.50 Td (to ) Tj ET Q q 0 0 0 rg BT 557.56 147.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.50 Td (maximum ) Tj ET Q q 0 0 0 rg BT 93.05 135.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.88 135.50 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.21 135.50 Td ( ) Tj ET Q q 0 0 0 rg BT 129.71 135.50 Td (for ) Tj ET Q q 0 0 0 rg BT 143.87 135.50 Td (each ) Tj ET Q q 0 0 0 rg BT 164.69 135.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 196.07 135.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.90 135.50 Td (the ) Tj ET Q q 0 0 0 rg BT 221.62 135.50 Td (awards. ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 113.1669921875 m 276.5576171875 113.1669921875 l s q 0 0 0 rg BT 50.00 114.50 Td (Fiscal 2014 2015 \(August\) Performance Shar) Tj ET Q q 0 0 0 rg BT 240.16 114.50 Td (e ) Tj ET Q q 0 0 0 rg BT 246.92 114.50 Td (A) Tj ET Q q 0 0 0 rg BT 252.48 114.50 Td (war) Tj ET Q q 0 0 0 rg BT 267.67 114.50 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.71 97.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 129.64 97.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.24 97.50 Td (approved ) Tj ET Q q 0 0 0 rg BT 217.61 97.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 297.39 97.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 328.87 97.50 Td (under ) Tj ET Q q 0 0 0 rg BT 354.80 97.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.18 97.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 391.12 97.50 Td (with ) Tj ET Q q 0 0 0 rg BT 412.06 97.50 Td (a ) Tj ET Q q 0 0 0 rg BT 419.65 97.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 443.36 97.50 Td (date ) Tj ET Q q 0 0 0 rg BT 463.18 97.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.97 97.50 Td (August13, ) Tj ET Q q 0 0 0 rg BT 521.02 97.50 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.02 97.50 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 97.50 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.74 85.50 Td (Committee ) Tj ET Q q 0 0 0 rg BT 158.15 85.50 Td (established ) Tj ET Q q 0 0 0 rg BT 205.55 85.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.04 85.50 Td (tar) Tj ET Q q 0 0 0 rg BT 269.41 85.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 288.49 85.50 Td (based ) Tj ET Q q 0 0 0 rg BT 314.22 85.50 Td (on ) Tj ET Q q 0 0 0 rg BT 327.19 85.50 Td (the ) Tj ET Q q 0 0 0 rg BT 342.38 85.50 Td (Company) Tj ET Q q 0 0 0 rg BT 384.04 85.50 Td (s ) Tj ET Q q 0 0 0 rg BT 390.90 85.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 427.01 85.50 Td ( ) Tj ET Q q 0 0 0 rg BT 429.98 85.50 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 472.93 85.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.12 85.50 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.45 85.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 507.75 85.50 Td (and ) Tj ET Q q 0 0 0 rg BT 525.16 85.50 Td (return ) Tj ET Q q 0 0 0 rg BT 552.00 85.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.50 Td (equity ) Tj ET Q q 0 0 0 rg BT 77.50 73.50 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 120.00 73.50 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.73 73.50 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.06 73.50 Td (\) ) Tj ET Q q 0 0 0 rg BT 153.90 73.50 Td (for ) Tj ET Q q 0 0 0 rg BT 168.07 73.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.79 73.50 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.79 73.50 Td ( ) Tj ET Q q 0 0 0 rg BT 200.30 73.50 Td (years ) Tj ET Q q 0 0 0 rg BT 223.91 73.50 Td (of ) Tj ET Q q 0 0 0 rg BT 234.75 73.50 Td (the ) Tj ET Q q 0 0 0 rg BT 249.48 73.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.51 73.50 Td (period, ) Tj ET Q q 0 0 0 rg BT 333.07 73.50 Td (with ) Tj ET Q q 0 0 0 rg BT 353.35 73.50 Td (award ) Tj ET Q q 0 0 0 rg BT 380.29 73.50 Td (payouts ) Tj ET Q q 0 0 0 rg BT 413.91 73.50 Td (ranging ) Tj ET Q q 0 0 0 rg BT 446.97 73.50 Td (from ) Tj ET Q q 0 0 0 rg BT 468.92 73.50 Td (a ) Tj ET Q q 0 0 0 rg BT 475.86 73.50 Td (threshold ) Tj ET Q q 0 0 0 rg BT 515.59 73.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.43 73.50 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.76 73.50 Td ( ) Tj ET Q q 0 0 0 rg BT 547.27 73.50 Td (to ) Tj ET Q q 0 0 0 rg BT 557.56 73.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.50 Td (maximum ) Tj ET Q q 0 0 0 rg BT 93.05 61.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.88 61.50 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.21 61.50 Td ( ) Tj ET Q q 0 0 0 rg BT 129.71 61.50 Td (for ) Tj ET Q q 0 0 0 rg BT 143.87 61.50 Td (each ) Tj ET Q q 0 0 0 rg BT 164.69 61.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 196.07 61.50 Td (of ) Tj ET Q q 0 0 0 rg BT 206.90 61.50 Td (the ) Tj ET Q q 0 0 0 rg BT 221.62 61.50 Td (awards. ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (77) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 729.7669921875 m 289.8779296875 729.7669921875 l s q 0 0 0 rg BT 50.00 731.10 Td (Fiscal 2014 2015 \(November\) Performance Shar) Tj ET Q q 0 0 0 rg BT 253.48 731.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.24 731.10 Td (A) Tj ET Q q 0 0 0 rg BT 265.80 731.10 Td (war) Tj ET Q q 0 0 0 rg BT 280.99 731.10 Td (ds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 714.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 714.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 127.88 714.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 174.60 714.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 214.09 714.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 293.00 714.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 323.60 714.10 Td (under ) Tj ET Q q 0 0 0 rg BT 348.65 714.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.15 714.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 383.21 714.10 Td (with ) Tj ET Q q 0 0 0 rg BT 403.27 714.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.99 714.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 432.82 714.10 Td (date ) Tj ET Q q 0 0 0 rg BT 451.75 714.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.36 714.10 Td (November21, ) Tj ET Q q 0 0 0 rg BT 521.85 714.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.85 714.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.47 714.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 702.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.20 702.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.07 702.10 Td (established ) Tj ET Q q 0 0 0 rg BT 203.93 702.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 256.88 702.10 Td (tar) Tj ET Q q 0 0 0 rg BT 267.24 702.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 285.78 702.10 Td (based ) Tj ET Q q 0 0 0 rg BT 310.97 702.10 Td (on ) Tj ET Q q 0 0 0 rg BT 323.40 702.10 Td (divisional ) Tj ET Q q 0 0 0 rg BT 365.27 702.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 397.69 702.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 429.55 702.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 471.96 702.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.61 702.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.94 702.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 505.69 702.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.56 702.10 Td (divisional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 690.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.90 690.10 Td (income ) Tj ET Q q 0 0 0 rg BT 123.48 690.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 156.05 690.10 Td (\(weighted ) Tj ET Q q 0 0 0 rg BT 199.18 690.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.54 690.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.87 690.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 234.34 690.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.14 690.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.50 690.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 690.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.64 690.10 Td (years ) Tj ET Q q 0 0 0 rg BT 306.88 690.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.35 690.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.71 690.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 387.37 690.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 418.56 690.10 Td (with ) Tj ET Q q 0 0 0 rg BT 439.48 690.10 Td (award ) Tj ET Q q 0 0 0 rg BT 467.05 690.10 Td (payouts ) Tj ET Q q 0 0 0 rg BT 501.30 690.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 534.99 690.10 Td (from ) Tj ET Q q 0 0 0 rg BT 557.57 690.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 678.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 89.72 678.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.55 678.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.88 678.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.38 678.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.66 678.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.59 678.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 181.65 678.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.48 678.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.81 678.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.31 678.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.47 678.10 Td (each ) Tj ET Q q 0 0 0 rg BT 253.28 678.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 284.67 678.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.50 678.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.21 678.10 Td (awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 657.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 657.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.17 657.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.89 657.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.43 657.10 Td (Company) Tj ET Q q 0 0 0 rg BT 166.10 657.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.49 657.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 251.61 657.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 282.43 657.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 314.92 657.10 Td (is ) Tj ET Q q 0 0 0 rg BT 324.09 657.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.92 657.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 612.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 612.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 612.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 612.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 582.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 582.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 582.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 582.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 552.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 552.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 552.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 522.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 522.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 522.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 492.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 492.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 492.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 462.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 462.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 462.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 462.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 462.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 462.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.60 279.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 432.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 432.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.50 432.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 432.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 612.6 m 404.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 612.6 m 483.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 612.6 m 562.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 612.6 m 404.5 612.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 597.6 m 404.5 597.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 612.6 m 483.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487.5 612.6 m 562.5 612.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 552.6 m 404.5 552.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 537.6 m 404.5 537.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 537.6 m 404.5 537.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 492.6 m 404.5 492.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 477.6 m 404.5 477.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 477.6 m 404.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 432.6 m 404.5 432.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 417.6 m 404.5 417.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.35 637.28 Td (Number) Tj ET Q q 0 0 0 rg BT 378.72 637.28 Td (of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.10 627.28 Td (Shar) Tj ET Q q 0 0 0 rg BT 372.48 627.28 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.05 617.28 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.20 637.28 Td (W) Tj ET Q q 0 0 0 rg BT 434.65 637.28 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.75 627.28 Td (A) Tj ET Q q 0 0 0 rg BT 420.23 627.28 Td (verage Grant) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.95 617.28 Td (DateFair) Tj ET Q q 0 0 0 rg BT 452.58 617.28 Td () Tj ET Q q 0 0 0 rg BT 454.90 617.28 Td (V) Tj ET Q q 0 0 0 rg BT 461.21 617.28 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.40 617.28 Td (Fair) Tj ET Q q 0 0 0 rg BT 516.54 617.28 Td () Tj ET Q q 0 0 0 rg BT 518.86 617.28 Td (V) Tj ET Q q 0 0 0 rg BT 525.17 617.28 Td (alue) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 542.95 621.81 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.17 Td (Outstanding as of August31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 602.27 Td (285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 602.27 Td (47.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 588.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 587.27 Td (278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 587.27 Td (25.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 572.32 Td (\(54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 572.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 572.27 Td (25.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 572.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 572.27 Td (43.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 557.32 Td (\(63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 557.27 Td (36.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.17 Td (Outstanding as of August31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 542.27 Td (446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 542.27 Td (38.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 527.27 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 527.27 Td (28.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 512.32 Td (\(98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 512.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 512.27 Td (47.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 512.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 512.27 Td (28.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 497.32 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 497.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 497.27 Td (35.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.17 Td (Outstanding as of August31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 482.27 Td (573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 482.27 Td (32.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 468.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 467.27 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 467.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 467.27 Td (30.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 453.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.30 452.32 Td (\(62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 452.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 452.27 Td (55.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 452.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 452.27 Td (28.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 438.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.30 437.32 Td (\(108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 437.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 437.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 437.27 Td (41.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 423.17 Td (Outstanding as of August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 422.27 Td (623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.00 422.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 422.27 Td (27.93) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 390.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 390.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 99.34 390.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 130.65 390.50 Td (the ) Tj ET Q q 0 0 0 rg BT 142.43 390.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 173.75 390.50 Td (average ) Tj ET Q q 0 0 0 rg BT 200.62 390.50 Td (value ) Tj ET Q q 0 0 0 rg BT 219.94 390.50 Td (of ) Tj ET Q q 0 0 0 rg BT 228.61 390.50 Td (the ) Tj ET Q q 0 0 0 rg BT 240.38 390.50 Td (Company) Tj ET Q q 0 0 0 rg BT 273.71 390.50 Td (s ) Tj ET Q q 0 0 0 rg BT 278.82 390.50 Td (Class) Tj ET Q q 0 0 0 rg BT 297.72 390.50 Td (A) Tj ET Q q 0 0 0 rg BT 303.05 390.50 Td ( ) Tj ET Q q 0 0 0 rg BT 305.05 390.50 Td (common ) Tj ET Q q 0 0 0 rg BT 335.05 390.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 353.94 390.50 Td (on ) Tj ET Q q 0 0 0 rg BT 363.94 390.50 Td (the ) Tj ET Q q 0 0 0 rg BT 375.71 390.50 Td (date ) Tj ET Q q 0 0 0 rg BT 391.04 390.50 Td (that ) Tj ET Q q 0 0 0 rg BT 405.03 390.50 Td (the ) Tj ET Q q 0 0 0 rg BT 416.80 390.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 459.22 390.50 Td (share ) Tj ET Q q 0 0 0 rg BT 478.10 390.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 502.76 390.50 Td (vested.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.89 366.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.21 366.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 190.42 366.50 Td (with ) Tj ET Q q 0 0 0 rg BT 211.32 366.50 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 291.06 366.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 322.49 366.50 Td (was ) Tj ET Q q 0 0 0 rg BT 341.16 366.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 384.81 366.50 Td (using ) Tj ET Q q 0 0 0 rg BT 409.59 366.50 Td (management) Tj ET Q q 0 0 0 rg BT 463.46 366.50 Td (s ) Tj ET Q q 0 0 0 rg BT 470.47 366.50 Td (current ) Tj ET Q q 0 0 0 rg BT 501.90 366.50 Td (estimate ) Tj ET Q q 0 0 0 rg BT 538.34 366.50 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 366.50 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.81 354.50 Td (level ) Tj ET Q q 0 0 0 rg BT 109.53 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 120.14 354.50 Td (achievement ) Tj ET Q q 0 0 0 rg BT 172.95 354.50 Td (of ) Tj ET Q q 0 0 0 rg BT 183.56 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 198.06 354.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 250.86 354.50 Td (tar) Tj ET Q q 0 0 0 rg BT 261.23 354.50 Td (gets ) Tj ET Q q 0 0 0 rg BT 279.62 354.50 Td (under ) Tj ET Q q 0 0 0 rg BT 304.67 354.50 Td (the ) Tj ET Q q 0 0 0 rg BT 319.17 354.50 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 341.73 354.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 401.79 354.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 436.27 354.50 Td (for ) Tj ET Q q 0 0 0 rg BT 450.22 354.50 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 496.36 354.50 Td (awards ) Tj ET Q q 0 0 0 rg BT 526.97 354.50 Td (based ) Tj ET Q q 0 0 0 rg BT 552.02 354.50 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.50 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 342.50 Td (Company) Tj ET Q q 0 0 0 rg BT 106.53 342.50 Td (s ) Tj ET Q q 0 0 0 rg BT 113.07 342.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 150.70 342.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 203.87 342.50 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.07 342.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 234.72 342.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.61 342.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.76 342.50 Td ($3 ) Tj ET Q q 0 0 0 rg BT 281.41 342.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.30 342.50 Td ( ) Tj ET Q q 0 0 0 rg BT 312.95 342.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.04 342.50 Td ($1 ) Tj ET Q q 0 0 0 rg BT 342.69 342.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.58 342.50 Td ( ) Tj ET Q q 0 0 0 rg BT 374.23 342.50 Td (for ) Tj ET Q q 0 0 0 rg BT 388.54 342.50 Td (the ) Tj ET Q q 0 0 0 rg BT 403.40 342.50 Td (years ) Tj ET Q q 0 0 0 rg BT 427.15 342.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.09 342.50 Td (August ) Tj ET Q q 0 0 0 rg BT 484.63 342.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 499.78 342.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 524.93 342.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 547.58 342.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 330.50 Td (, ) Tj ET Q q 0 0 0 rg BT 74.74 330.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 122.40 330.50 Td (. ) Tj ET Q q 0 0 0 rg BT 126.64 330.50 Td (As ) Tj ET Q q 0 0 0 rg BT 139.99 330.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.06 330.50 Td (August31, ) Tj ET Q q 0 0 0 rg BT 196.19 330.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.19 330.50 Td (, ) Tj ET Q q 0 0 0 rg BT 220.92 330.50 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 277.02 330.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 334.80 330.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 357.03 330.50 Td (related ) Tj ET Q q 0 0 0 rg BT 386.47 330.50 Td (to ) Tj ET Q q 0 0 0 rg BT 396.48 330.50 Td (non-vested ) Tj ET Q q 0 0 0 rg BT 442.59 330.50 Td (performance ) Tj ET Q q 0 0 0 rg BT 495.35 330.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 522.58 330.50 Td (amounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 318.50 Td ($6 ) Tj ET Q q 0 0 0 rg BT 72.78 318.50 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.67 318.50 Td (, ) Tj ET Q q 0 0 0 rg BT 106.67 318.50 Td (which ) Tj ET Q q 0 0 0 rg BT 133.61 318.50 Td (is ) Tj ET Q q 0 0 0 rg BT 142.78 318.50 Td (expected ) Tj ET Q q 0 0 0 rg BT 180.81 318.50 Td (to ) Tj ET Q q 0 0 0 rg BT 191.09 318.50 Td (be ) Tj ET Q q 0 0 0 rg BT 203.03 318.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 249.39 318.50 Td (over ) Tj ET Q q 0 0 0 rg BT 269.66 318.50 Td (a ) Tj ET Q q 0 0 0 rg BT 276.60 318.50 Td (weighted ) Tj ET Q q 0 0 0 rg BT 315.75 318.50 Td (average ) Tj ET Q q 0 0 0 rg BT 349.34 318.50 Td (period ) Tj ET Q q 0 0 0 rg BT 377.38 318.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.21 318.50 Td (0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.71 318.50 Td ( ) Tj ET Q q 0 0 0 rg BT 403.21 318.50 Td (years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 297.50 Td (Deferred Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.50 Td (The ) Tj ET Q q 0 0 0 rg BT 67.59 279.50 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 105.16 279.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 164.98 279.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 184.80 279.50 Td (for ) Tj ET Q q 0 0 0 rg BT 198.50 279.50 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 261.64 279.50 Td (Directors ) Tj ET Q q 0 0 0 rg BT 300.89 279.50 Td (\(DSU ) Tj ET Q q 0 0 0 rg BT 330.71 279.50 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 358.30 279.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 394.78 279.50 Td (for ) Tj ET Q q 0 0 0 rg BT 408.48 279.50 Td (the ) Tj ET Q q 0 0 0 rg BT 422.74 279.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 458.66 279.50 Td (of ) Tj ET Q q 0 0 0 rg BT 469.04 279.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 494.98 279.50 Td (to ) Tj ET Q q 0 0 0 rg BT 504.80 279.50 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.50 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.76 267.50 Td (to ) Tj ET Q q 0 0 0 rg BT 98.31 267.50 Td (be ) Tj ET Q q 0 0 0 rg BT 110.53 267.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 143.29 267.50 Td (under ) Tj ET Q q 0 0 0 rg BT 168.83 267.50 Td (the ) Tj ET Q q 0 0 0 rg BT 183.82 267.50 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 206.88 267.50 Td (One ) Tj ET Q q 0 0 0 rg BT 226.31 267.50 Td (DSU ) Tj ET Q q 0 0 0 rg BT 249.09 267.50 Td (gives ) Tj ET Q q 0 0 0 rg BT 272.97 267.50 Td (the ) Tj ET Q q 0 0 0 rg BT 287.97 267.50 Td (director ) Tj ET Q q 0 0 0 rg BT 321.83 267.50 Td (the ) Tj ET Q q 0 0 0 rg BT 336.83 267.50 Td (right ) Tj ET Q q 0 0 0 rg BT 358.49 267.50 Td (to ) Tj ET Q q 0 0 0 rg BT 369.04 267.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 400.68 267.50 Td (one ) Tj ET Q q 0 0 0 rg BT 417.89 267.50 Td (share ) Tj ET Q q 0 0 0 rg BT 441.76 267.50 Td (of ) Tj ET Q q 0 0 0 rg BT 452.87 267.50 Td (Class) Tj ET Q q 0 0 0 rg BT 476.49 267.50 Td (A) Tj ET Q q 0 0 0 rg BT 483.16 267.50 Td ( ) Tj ET Q q 0 0 0 rg BT 485.93 267.50 Td (common ) Tj ET Q q 0 0 0 rg BT 523.70 267.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 547.59 267.50 Td (at ) Tj ET Q q 0 0 0 rg BT 557.58 267.50 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.50 Td (future ) Tj ET Q q 0 0 0 rg BT 75.89 255.50 Td (date. ) Tj ET Q q 0 0 0 rg BT 97.05 255.50 Td (Immediately ) Tj ET Q q 0 0 0 rg BT 149.60 255.50 Td (following ) Tj ET Q q 0 0 0 rg BT 190.50 255.50 Td (the ) Tj ET Q q 0 0 0 rg BT 204.73 255.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 233.39 255.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 267.62 255.50 Td (of ) Tj ET Q q 0 0 0 rg BT 277.96 255.50 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 333.00 255.50 Td (each ) Tj ET Q q 0 0 0 rg BT 353.33 255.50 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 412.54 255.50 Td (director ) Tj ET Q q 0 0 0 rg BT 445.65 255.50 Td (will ) Tj ET Q q 0 0 0 rg BT 463.21 255.50 Td (receive ) Tj ET Q q 0 0 0 rg BT 494.09 255.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 520.00 255.50 Td (which ) Tj ET Q q 0 0 0 rg BT 546.44 255.50 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.50 Td (become ) Tj ET Q q 0 0 0 rg BT 84.23 243.50 Td (fully ) Tj ET Q q 0 0 0 rg BT 106.25 243.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 134.94 243.50 Td (on ) Tj ET Q q 0 0 0 rg BT 148.08 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.43 243.50 Td (day ) Tj ET Q q 0 0 0 rg BT 181.01 243.50 Td (before ) Tj ET Q q 0 0 0 rg BT 209.68 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 225.03 243.50 Td (next ) Tj ET Q q 0 0 0 rg BT 245.39 243.50 Td (annual ) Tj ET Q q 0 0 0 rg BT 275.18 243.50 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 313.03 243.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 344.49 243.50 Td (to ) Tj ET Q q 0 0 0 rg BT 355.41 243.50 Td (continued ) Tj ET Q q 0 0 0 rg BT 397.98 243.50 Td (service ) Tj ET Q q 0 0 0 rg BT 429.43 243.50 Td (on ) Tj ET Q q 0 0 0 rg BT 442.57 243.50 Td (the ) Tj ET Q q 0 0 0 rg BT 457.92 243.50 Td (Board. ) Tj ET Q q 0 0 0 rg BT 487.77 243.50 Td (The ) Tj ET Q q 0 0 0 rg BT 506.46 243.50 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.71 231.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 128.30 231.50 Td (with ) Tj ET Q q 0 0 0 rg BT 148.58 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.30 231.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 189.69 231.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 222.18 231.50 Td (is ) Tj ET Q q 0 0 0 rg BT 231.35 231.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 277.71 231.50 Td (over ) Tj ET Q q 0 0 0 rg BT 297.98 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 312.70 231.50 Td (respective ) Tj ET Q q 0 0 0 rg BT 355.73 231.50 Td (requisite ) Tj ET Q q 0 0 0 rg BT 392.66 231.50 Td (service ) Tj ET Q q 0 0 0 rg BT 423.48 231.50 Td (period ) Tj ET Q q 0 0 0 rg BT 451.52 231.50 Td (of ) Tj ET Q q 0 0 0 rg BT 462.35 231.50 Td (the ) Tj ET Q q 0 0 0 rg BT 477.07 231.50 Td (awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.09 210.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.52 210.50 Td (will ) Tj ET Q q 0 0 0 rg BT 127.62 210.50 Td (issue ) Tj ET Q q 0 0 0 rg BT 150.16 210.50 Td (Class) Tj ET Q q 0 0 0 rg BT 173.78 210.50 Td (A) Tj ET Q q 0 0 0 rg BT 180.45 210.50 Td ( ) Tj ET Q q 0 0 0 rg BT 182.99 210.50 Td (common ) Tj ET Q q 0 0 0 rg BT 220.53 210.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.18 210.50 Td (to ) Tj ET Q q 0 0 0 rg BT 254.50 210.50 Td (a ) Tj ET Q q 0 0 0 rg BT 261.49 210.50 Td (director ) Tj ET Q q 0 0 0 rg BT 295.12 210.50 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 332.10 210.50 Td (to ) Tj ET Q q 0 0 0 rg BT 342.42 210.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 370.51 210.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 396.95 210.50 Td (in ) Tj ET Q q 0 0 0 rg BT 407.28 210.50 Td (a ) Tj ET Q q 0 0 0 rg BT 414.26 210.50 Td (lump ) Tj ET Q q 0 0 0 rg BT 437.36 210.50 Td (sum ) Tj ET Q q 0 0 0 rg BT 456.57 210.50 Td (in ) Tj ET Q q 0 0 0 rg BT 466.89 210.50 Td (January ) Tj ET Q q 0 0 0 rg BT 500.53 210.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.41 210.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.17 210.50 Td (first ) Tj ET Q q 0 0 0 rg BT 544.82 210.50 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.50 Td (after ) Tj ET Q q 0 0 0 rg BT 70.19 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 84.28 198.50 Td (director ) Tj ET Q q 0 0 0 rg BT 117.25 198.50 Td (ceases ) Tj ET Q q 0 0 0 rg BT 144.66 198.50 Td (to ) Tj ET Q q 0 0 0 rg BT 154.32 198.50 Td (be ) Tj ET Q q 0 0 0 rg BT 165.63 198.50 Td (a ) Tj ET Q q 0 0 0 rg BT 171.94 198.50 Td (director ) Tj ET Q q 0 0 0 rg BT 204.91 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 215.12 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 229.21 198.50 Td (Company) Tj ET Q q 0 0 0 rg BT 267.45 198.50 Td (, ) Tj ET Q q 0 0 0 rg BT 271.82 198.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 302.02 198.50 Td (to ) Tj ET Q q 0 0 0 rg BT 311.67 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 325.77 198.50 Td (right ) Tj ET Q q 0 0 0 rg BT 346.53 198.50 Td (of ) Tj ET Q q 0 0 0 rg BT 356.73 198.50 Td (the ) Tj ET Q q 0 0 0 rg BT 370.83 198.50 Td (director ) Tj ET Q q 0 0 0 rg BT 403.79 198.50 Td (to ) Tj ET Q q 0 0 0 rg BT 413.45 198.50 Td (elect ) Tj ET Q q 0 0 0 rg BT 434.19 198.50 Td (an ) Tj ET Q q 0 0 0 rg BT 445.51 198.50 Td (installment ) Tj ET Q q 0 0 0 rg BT 491.82 198.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 528.13 198.50 Td (program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.50 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 186.50 Td (the ) Tj ET Q q 0 0 0 rg BT 89.99 186.50 Td (DSU ) Tj ET Q q 0 0 0 rg BT 112.49 186.50 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 75.98 165.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 108.05 165.50 Td (during ) Tj ET Q q 0 0 0 rg BT 136.25 165.50 Td (the ) Tj ET Q q 0 0 0 rg BT 150.55 165.50 Td (years ) Tj ET Q q 0 0 0 rg BT 173.74 165.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.24 165.50 Td (August ) Tj ET Q q 0 0 0 rg BT 230.22 165.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 244.81 165.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 269.39 165.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 291.48 165.50 Td (and ) Tj ET Q q 0 0 0 rg BT 308.00 165.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.00 165.50 Td ( ) Tj ET Q q 0 0 0 rg BT 330.09 165.50 Td (were ) Tj ET Q q 0 0 0 rg BT 351.60 165.50 Td (for ) Tj ET Q q 0 0 0 rg BT 365.35 165.50 Td (a ) Tj ET Q q 0 0 0 rg BT 371.88 165.50 Td (total ) Tj ET Q q 0 0 0 rg BT 391.74 165.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 165.50 Td (30,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.65 165.50 Td ( ) Tj ET Q q 0 0 0 rg BT 431.74 165.50 Td (shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.32 165.50 Td (29,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.82 165.50 Td ( ) Tj ET Q q 0 0 0 rg BT 490.90 165.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.98 165.50 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 165.50 Td (18,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 165.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.50 Td (shares, ) Tj ET Q q 0 0 0 rg BT 79.46 153.50 Td (respectively) Tj ET Q q 0 0 0 rg BT 127.12 153.50 Td (. ) Tj ET Q q 0 0 0 rg BT 131.45 153.50 Td (The ) Tj ET Q q 0 0 0 rg BT 148.96 153.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 206.47 153.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 240.65 153.50 Td (associated ) Tj ET Q q 0 0 0 rg BT 283.71 153.50 Td (with ) Tj ET Q q 0 0 0 rg BT 303.46 153.50 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 329.33 153.50 Td (and ) Tj ET Q q 0 0 0 rg BT 345.73 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 359.92 153.50 Td (total ) Tj ET Q q 0 0 0 rg BT 379.66 153.50 Td (value ) Tj ET Q q 0 0 0 rg BT 403.29 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 413.59 153.50 Td (shares ) Tj ET Q q 0 0 0 rg BT 440.55 153.50 Td (vested ) Tj ET Q q 0 0 0 rg BT 468.06 153.50 Td (during ) Tj ET Q q 0 0 0 rg BT 496.14 153.50 Td (each ) Tj ET Q q 0 0 0 rg BT 516.43 153.50 Td (of ) Tj ET Q q 0 0 0 rg BT 526.72 153.50 Td (the ) Tj ET Q q 0 0 0 rg BT 540.91 153.50 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.50 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.58 141.50 Td (August ) Tj ET Q q 0 0 0 rg BT 108.94 141.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 124.90 141.50 Td (2014, ) Tj ET Q q 0 0 0 rg BT 150.87 141.50 Td (2013 ) Tj ET Q q 0 0 0 rg BT 174.34 141.50 Td (and ) Tj ET Q q 0 0 0 rg BT 192.24 141.50 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.24 141.50 Td (, ) Tj ET Q q 0 0 0 rg BT 218.21 141.50 Td (as ) Tj ET Q q 0 0 0 rg BT 230.01 141.50 Td (well ) Tj ET Q q 0 0 0 rg BT 250.69 141.50 Td (as ) Tj ET Q q 0 0 0 rg BT 262.49 141.50 Td (the ) Tj ET Q q 0 0 0 rg BT 278.17 141.50 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 335.50 141.50 Td (compensation ) Tj ET Q q 0 0 0 rg BT 394.51 141.50 Td (expense ) Tj ET Q q 0 0 0 rg BT 430.18 141.50 Td (as ) Tj ET Q q 0 0 0 rg BT 441.98 141.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.01 141.50 Td (August31, ) Tj ET Q q 0 0 0 rg BT 500.37 141.50 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.37 141.50 Td (, ) Tj ET Q q 0 0 0 rg BT 526.34 141.50 Td (were ) Tj ET Q q 0 0 0 rg BT 549.23 141.50 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.50 Td (material. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 108.50 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 76.78 90.50 Td (the ) Tj ET Q q 0 0 0 rg BT 90.78 90.50 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 112.84 90.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 135.74 90.50 Td (options ) Tj ET Q q 0 0 0 rg BT 166.97 90.50 Td (are ) Tj ET Q q 0 0 0 rg BT 180.97 90.50 Td (granted ) Tj ET Q q 0 0 0 rg BT 212.74 90.50 Td (to ) Tj ET Q q 0 0 0 rg BT 222.30 90.50 Td (employees ) Tj ET Q q 0 0 0 rg BT 266.85 90.50 Td (at ) Tj ET Q q 0 0 0 rg BT 275.85 90.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 310.39 90.50 Td (prices ) Tj ET Q q 0 0 0 rg BT 336.06 90.50 Td (that ) Tj ET Q q 0 0 0 rg BT 352.84 90.50 Td (are ) Tj ET Q q 0 0 0 rg BT 366.83 90.50 Td (set ) Tj ET Q q 0 0 0 rg BT 379.73 90.50 Td (at ) Tj ET Q q 0 0 0 rg BT 388.73 90.50 Td (the ) Tj ET Q q 0 0 0 rg BT 402.73 90.50 Td (sole ) Tj ET Q q 0 0 0 rg BT 420.63 90.50 Td (discretion ) Tj ET Q q 0 0 0 rg BT 461.85 90.50 Td (of ) Tj ET Q q 0 0 0 rg BT 471.96 90.50 Td (the ) Tj ET Q q 0 0 0 rg BT 485.97 90.50 Td (Board ) Tj ET Q q 0 0 0 rg BT 512.19 90.50 Td (of ) Tj ET Q q 0 0 0 rg BT 522.31 90.50 Td (Directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.50 Td (The ) Tj ET Q q 0 0 0 rg BT 67.75 78.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.84 78.50 Td (value ) Tj ET Q q 0 0 0 rg BT 107.70 78.50 Td (of ) Tj ET Q q 0 0 0 rg BT 118.23 78.50 Td (each ) Tj ET Q q 0 0 0 rg BT 138.75 78.50 Td (option ) Tj ET Q q 0 0 0 rg BT 166.52 78.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 189.27 78.50 Td (under ) Tj ET Q q 0 0 0 rg BT 214.25 78.50 Td (the ) Tj ET Q q 0 0 0 rg BT 228.67 78.50 Td (Plan ) Tj ET Q q 0 0 0 rg BT 248.65 78.50 Td (is ) Tj ET Q q 0 0 0 rg BT 257.53 78.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 298.05 78.50 Td (at ) Tj ET Q q 0 0 0 rg BT 307.48 78.50 Td (the ) Tj ET Q q 0 0 0 rg BT 321.90 78.50 Td (date ) Tj ET Q q 0 0 0 rg BT 340.76 78.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.30 78.50 Td (grant ) Tj ET Q q 0 0 0 rg BT 374.05 78.50 Td (using ) Tj ET Q q 0 0 0 rg BT 397.93 78.50 Td (the ) Tj ET Q q 0 0 0 rg BT 412.35 78.50 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 472.32 78.50 Td (Option ) Tj ET Q q 0 0 0 rg BT 502.30 78.50 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 533.40 78.50 Td (Model, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.50 Td (which ) Tj ET Q q 0 0 0 rg BT 77.76 66.50 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 109.96 66.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 162.72 66.50 Td (related ) Tj ET Q q 0 0 0 rg BT 193.24 66.50 Td (to ) Tj ET Q q 0 0 0 rg BT 204.34 66.50 Td (volatility) Tj ET Q q 0 0 0 rg BT 239.80 66.50 Td (, ) Tj ET Q q 0 0 0 rg BT 245.62 66.50 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 66.50 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 298.33 66.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 331.09 66.50 Td (rate, ) Tj ET Q q 0 0 0 rg BT 351.89 66.50 Td (the ) Tj ET Q q 0 0 0 rg BT 367.42 66.50 Td (dividend ) Tj ET Q q 0 0 0 rg BT 405.74 66.50 Td (yield ) Tj ET Q q 0 0 0 rg BT 429.05 66.50 Td (and ) Tj ET Q q 0 0 0 rg BT 446.81 66.50 Td (employee ) Tj ET Q q 0 0 0 rg BT 489.00 66.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 525.07 66.50 Td (behavior) Tj ET Q q 0 0 0 rg BT 559.50 66.50 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.50 Td (Expected ) Tj ET Q q 0 0 0 rg BT 89.24 54.50 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 133.49 54.50 Td (utilized ) Tj ET Q q 0 0 0 rg BT 165.52 54.50 Td (in ) Tj ET Q q 0 0 0 rg BT 175.33 54.50 Td (the ) Tj ET Q q 0 0 0 rg BT 189.58 54.50 Td (model ) Tj ET Q q 0 0 0 rg BT 216.62 54.50 Td (are ) Tj ET Q q 0 0 0 rg BT 230.86 54.50 Td (based ) Tj ET Q q 0 0 0 rg BT 255.66 54.50 Td (on ) Tj ET Q q 0 0 0 rg BT 267.70 54.50 Td (the ) Tj ET Q q 0 0 0 rg BT 281.95 54.50 Td (historical ) Tj ET Q q 0 0 0 rg BT 321.20 54.50 Td (volatility ) Tj ET Q q 0 0 0 rg BT 359.35 54.50 Td (of ) Tj ET Q q 0 0 0 rg BT 369.71 54.50 Td (the ) Tj ET Q q 0 0 0 rg BT 383.96 54.50 Td (Company) Tj ET Q q 0 0 0 rg BT 425.63 54.50 Td (s ) Tj ET Q q 0 0 0 rg BT 431.56 54.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 454.70 54.50 Td (price. ) Tj ET Q q 0 0 0 rg BT 479.08 54.50 Td (The ) Tj ET Q q 0 0 0 rg BT 496.66 54.50 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 532.56 54.50 Td (interest ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (78) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 731.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.65 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 76.99 731.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 109.65 731.10 Td (from ) Tj ET Q q 0 0 0 rg BT 131.75 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.64 731.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 166.90 731.10 Td (T) Tj ET Q q 0 0 0 rg BT 172.65 731.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 204.75 731.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 227.41 731.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 252.29 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.74 731.10 Td (ef) Tj ET Q q 0 0 0 rg BT 270.32 731.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.98 731.10 Td (at ) Tj ET Q q 0 0 0 rg BT 297.86 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.75 731.10 Td (time ) Tj ET Q q 0 0 0 rg BT 333.19 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.19 731.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 369.71 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.93 731.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 426.13 731.10 Td (term ) Tj ET Q q 0 0 0 rg BT 447.12 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.12 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.01 731.10 Td (options ) Tj ET Q q 0 0 0 rg BT 505.12 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 514.46 731.10 Td (based ) Tj ET Q q 0 0 0 rg BT 539.90 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 552.57 731.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 719.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 84.72 719.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.55 719.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 133.58 719.10 Td (post-vesting ) Tj ET Q q 0 0 0 rg BT 184.97 719.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 220.22 719.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 257.71 719.10 Td (including ) Tj ET Q q 0 0 0 rg BT 297.98 719.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 337.69 719.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 372.94 719.10 Td (patterns ) Tj ET Q q 0 0 0 rg BT 407.10 719.10 Td (when ) Tj ET Q q 0 0 0 rg BT 431.26 719.10 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 698.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.27 698.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 92.10 698.10 Td (options ) Tj ET Q q 0 0 0 rg BT 124.28 698.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 156.99 698.10 Td (during ) Tj ET Q q 0 0 0 rg BT 185.82 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.76 698.10 Td (year ) Tj ET Q q 0 0 0 rg BT 220.69 698.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 246.69 698.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 293.31 698.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 316.03 698.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 334.87 698.10 Td (on ) Tj ET Q q 0 0 0 rg BT 347.59 698.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.53 698.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.53 698.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 400.79 698.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 450.17 698.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.22 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.16 698.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 499.43 698.10 Td (date ) Tj ET Q q 0 0 0 rg BT 518.81 698.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.98 698.10 Td (have ) Tj ET Q q 0 0 0 rg BT 557.58 698.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 686.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 96.76 686.10 Td (term ) Tj ET Q q 0 0 0 rg BT 117.43 686.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.10 686.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.65 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.99 686.10 Td (years ) Tj ET Q q 0 0 0 rg BT 169.43 686.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.55 686.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.33 686.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 236.42 686.10 Td (price ) Tj ET Q q 0 0 0 rg BT 258.75 686.10 Td (set ) Tj ET Q q 0 0 0 rg BT 272.20 686.10 Td (at ) Tj ET Q q 0 0 0 rg BT 281.76 686.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 686.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.87 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.21 686.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 347.65 686.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 389.42 686.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.54 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.09 686.10 Td (Company) Tj ET Q q 0 0 0 rg BT 455.76 686.10 Td (s ) Tj ET Q q 0 0 0 rg BT 461.99 686.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 485.44 686.10 Td (price ) Tj ET Q q 0 0 0 rg BT 507.77 686.10 Td (on ) Tj ET Q q 0 0 0 rg BT 520.11 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.67 686.10 Td (date ) Tj ET Q q 0 0 0 rg BT 553.66 686.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (grant. ) Tj ET Q q 0 0 0 rg BT 76.06 674.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.86 674.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 136.42 674.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 153.55 674.10 Td (value ) Tj ET Q q 0 0 0 rg BT 178.45 674.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.03 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.50 674.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 238.73 674.10 Td (options ) Tj ET Q q 0 0 0 rg BT 271.43 674.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.23 674.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 303.48 674.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.37 674.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.12 674.10 Td (which ) Tj ET Q q 0 0 0 rg BT 365.80 674.10 Td (was ) Tj ET Q q 0 0 0 rg BT 384.60 674.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 432.83 674.10 Td (using ) Tj ET Q q 0 0 0 rg BT 457.75 674.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.22 674.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 534.23 674.10 Td (Option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 81.39 662.10 Td (Model ) Tj ET Q q 0 0 0 rg BT 110.00 662.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.27 662.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.99 662.10 Td (following ) Tj ET Q q 0 0 0 rg BT 186.38 662.10 Td (assumptions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 636.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 606.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.60 442.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 576.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 636.6 m 562.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 636.6 m 562.5 636.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 641.28 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 626.27 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 626.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.27 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 611.27 Td (2.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 611.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.27 Td (Expected term \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 596.27 Td (3.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.27 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.27 Td (58.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 581.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.27 Td (Fair value of option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 566.27 Td (9.29) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.22 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.72 538.10 Td (options ) Tj ET Q q 0 0 0 rg BT 96.67 538.10 Td (were ) Tj ET Q q 0 0 0 rg BT 118.60 538.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 151.08 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.36 538.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.52 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.52 538.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.02 538.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.96 538.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.96 538.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 517.10 Td ( ) Tj ET Q q 0 0 0 rg BT 59.17 517.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 98.89 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.72 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.43 517.10 Td (Company) Tj ET Q q 0 0 0 rg BT 166.10 517.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.49 517.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 196.10 517.10 Td (option ) Tj ET Q q 0 0 0 rg BT 224.16 517.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 256.65 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.58 517.10 Td (related ) Tj ET Q q 0 0 0 rg BT 303.29 517.10 Td (information ) Tj ET Q q 0 0 0 rg BT 353.00 517.10 Td (is ) Tj ET Q q 0 0 0 rg BT 362.17 517.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.00 517.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 455.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 455.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 455.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 455.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 455.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 425.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 425.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 425.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 425.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 425.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 395.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 395.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 395.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 395.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 395.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 395.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 365.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 365.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 365.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 365.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 365.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 365.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 335.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 335.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 335.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 335.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 335.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 335.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 305.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 305.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 305.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 305.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 305.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 305.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 275.60 213.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 275.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 275.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 275.60 77.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 275.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 275.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 455.6 m 333.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 455.6 m 407.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 455.6 m 488.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 455.6 m 562.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 455.6 m 333.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 455.6 m 407.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 455.6 m 488.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 455.6 m 562.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 395.6 m 333.5 395.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 380.6 m 333.5 380.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 380.6 m 333.5 380.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 335.6 m 333.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 335.6 m 333.5 335.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 320.6 m 333.5 320.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 320.6 m 333.5 320.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 275.6 m 333.5 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 275.6 m 333.5 275.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 260.6 m 333.5 260.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.00 470.28 Td (Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.55 460.28 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.70 490.28 Td (W) Tj ET Q q 0 0 0 rg BT 361.15 490.28 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.60 480.28 Td (A) Tj ET Q q 0 0 0 rg BT 361.08 480.28 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.00 470.28 Td (Exer) Tj ET Q q 0 0 0 rg BT 374.37 470.28 Td (cise) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.85 460.28 Td (Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.20 497.33 Td (W) Tj ET Q q 0 0 0 rg BT 438.65 497.33 Td (eighted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.10 487.33 Td (A) Tj ET Q q 0 0 0 rg BT 438.58 487.33 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 477.33 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 423.65 467.33 Td (Contractual) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.60 457.38 Td (T) Tj ET Q q 0 0 0 rg BT 422.35 457.38 Td (erm\(inyears\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.15 487.18 Td (Aggr) Tj ET Q q 0 0 0 rg BT 526.63 487.18 Td (egate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.45 477.18 Td (Intrinsic) Tj ET Q q 0 0 0 rg BT 534.44 477.18 Td (V) Tj ET Q q 0 0 0 rg BT 540.74 477.18 Td (alue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.55 467.18 Td (\(inthousands\)) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 523.20 464.08 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.17 Td (Outstanding as of August31, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 445.27 Td (319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 445.27 Td (28.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 445.27 Td (3.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 445.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 445.27 Td (5,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 430.27 Td (323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 430.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 430.27 Td (34.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 416.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 415.32 Td (\(25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 415.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 415.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 415.27 Td (24.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.17 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 400.32 Td (\(5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 400.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 400.27 Td (34.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.17 Td (Outstanding as of August31, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 385.27 Td (612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 385.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 385.27 Td (31.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 385.27 Td (3.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 385.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 385.27 Td (459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 371.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 370.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 370.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 370.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 356.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 355.32 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 355.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 355.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 355.27 Td (20.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.17 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 340.32 Td (\(42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 340.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 340.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 340.27 Td (34.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.17 Td (Outstanding as of August31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 325.27 Td (555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 325.27 Td (32.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 325.27 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 325.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 325.27 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 311.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 310.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 310.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 310.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 295.32 Td (\(9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 295.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 295.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 295.27 Td (25.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.17 Td (Canceled) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 280.32 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 280.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 280.27 Td (30.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.17 Td (Outstanding as of August31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 265.27 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 265.27 Td (32.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 265.27 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 265.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 265.27 Td (335) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 233.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 233.50 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 99.08 233.50 Td (represent ) Tj ET Q q 0 0 0 rg BT 130.14 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 141.66 233.50 Td (dif) Tj ET Q q 0 0 0 rg BT 150.40 233.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 175.68 233.50 Td (between ) Tj ET Q q 0 0 0 rg BT 204.08 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 215.60 233.50 Td (exercise ) Tj ET Q q 0 0 0 rg BT 243.54 233.50 Td (price ) Tj ET Q q 0 0 0 rg BT 261.28 233.50 Td (and ) Tj ET Q q 0 0 0 rg BT 274.57 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 286.09 233.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 310.95 233.50 Td (price ) Tj ET Q q 0 0 0 rg BT 328.68 233.50 Td (of ) Tj ET Q q 0 0 0 rg BT 337.09 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 348.61 233.50 Td (Company) Tj ET Q q 0 0 0 rg BT 381.94 233.50 Td (s ) Tj ET Q q 0 0 0 rg BT 386.80 233.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 405.43 233.50 Td (on ) Tj ET Q q 0 0 0 rg BT 415.17 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 426.69 233.50 Td (last ) Tj ET Q q 0 0 0 rg BT 439.55 233.50 Td (trading ) Tj ET Q q 0 0 0 rg BT 463.95 233.50 Td (day ) Tj ET Q q 0 0 0 rg BT 477.25 233.50 Td (of ) Tj ET Q q 0 0 0 rg BT 485.66 233.50 Td (the ) Tj ET Q q 0 0 0 rg BT 497.18 233.50 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 544.69 233.50 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 68.00 223.90 Td (year) Tj ET Q q 0 0 0 rg BT 81.45 223.90 Td (, ) Tj ET Q q 0 0 0 rg BT 85.45 223.90 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 120.33 223.90 Td (by ) Tj ET Q q 0 0 0 rg BT 130.33 223.90 Td (the ) Tj ET Q q 0 0 0 rg BT 142.11 223.90 Td (number ) Tj ET Q q 0 0 0 rg BT 168.54 223.90 Td (of ) Tj ET Q q 0 0 0 rg BT 177.21 223.90 Td (in-the-money ) Tj ET Q q 0 0 0 rg BT 222.30 223.90 Td (options.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.30 Td (All ) Tj ET Q q 0 0 0 rg BT 65.13 199.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 114.14 199.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 137.59 199.30 Td (options ) Tj ET Q q 0 0 0 rg BT 169.39 199.30 Td (were ) Tj ET Q q 0 0 0 rg BT 191.17 199.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 219.06 199.30 Td (as ) Tj ET Q q 0 0 0 rg BT 229.74 199.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.90 199.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 286.14 199.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.14 199.30 Td (. ) Tj ET Q q 0 0 0 rg BT 310.82 199.30 Td (The ) Tj ET Q q 0 0 0 rg BT 328.71 199.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 369.92 199.30 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 405.04 199.30 Td (value ) Tj ET Q q 0 0 0 rg BT 429.04 199.30 Td (of ) Tj ET Q q 0 0 0 rg BT 439.72 199.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 463.18 199.30 Td (options ) Tj ET Q q 0 0 0 rg BT 494.97 199.30 Td (exercised, ) Tj ET Q q 0 0 0 rg BT 537.58 199.30 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.30 Td (was ) Tj ET Q q 0 0 0 rg BT 69.03 187.30 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 115.83 187.30 Td (for ) Tj ET Q q 0 0 0 rg BT 130.97 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 146.67 187.30 Td (year ) Tj ET Q q 0 0 0 rg BT 167.35 187.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.94 187.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 241.31 187.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.31 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 264.79 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 282.71 187.30 Td (less ) Tj ET Q q 0 0 0 rg BT 301.19 187.30 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.89 187.30 Td ($1 ) Tj ET Q q 0 0 0 rg BT 335.37 187.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.26 187.30 Td ( ) Tj ET Q q 0 0 0 rg BT 367.74 187.30 Td (for ) Tj ET Q q 0 0 0 rg BT 382.88 187.30 Td (the ) Tj ET Q q 0 0 0 rg BT 398.58 187.30 Td (years ) Tj ET Q q 0 0 0 rg BT 423.16 187.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.75 187.30 Td (August ) Tj ET Q q 0 0 0 rg BT 482.12 187.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 498.10 187.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 521.58 187.30 Td (and ) Tj ET Q q 0 0 0 rg BT 539.50 187.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 187.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 93.07 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 107.83 175.30 Td (dif) Tj ET Q q 0 0 0 rg BT 118.75 175.30 Td (ference ) Tj ET Q q 0 0 0 rg BT 150.70 175.30 Td (between ) Tj ET Q q 0 0 0 rg BT 186.55 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.31 175.30 Td (exercise ) Tj ET Q q 0 0 0 rg BT 236.60 175.30 Td (price ) Tj ET Q q 0 0 0 rg BT 259.12 175.30 Td (and ) Tj ET Q q 0 0 0 rg BT 276.09 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 290.84 175.30 Td (value ) Tj ET Q q 0 0 0 rg BT 315.03 175.30 Td (of ) Tj ET Q q 0 0 0 rg BT 325.90 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 340.65 175.30 Td (Company) Tj ET Q q 0 0 0 rg BT 382.32 175.30 Td (s ) Tj ET Q q 0 0 0 rg BT 388.74 175.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 412.39 175.30 Td (at ) Tj ET Q q 0 0 0 rg BT 422.14 175.30 Td (the ) Tj ET Q q 0 0 0 rg BT 436.89 175.30 Td (time ) Tj ET Q q 0 0 0 rg BT 457.20 175.30 Td (of ) Tj ET Q q 0 0 0 rg BT 468.07 175.30 Td (exercise. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.86 175.30 Td (307,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.36 175.30 Td ( ) Tj ET Q q 0 0 0 rg BT 540.89 175.30 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.30 Td (options ) Tj ET Q q 0 0 0 rg BT 82.64 163.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 111.39 163.30 Td (in ) Tj ET Q q 0 0 0 rg BT 122.36 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 137.77 163.30 Td (year ) Tj ET Q q 0 0 0 rg BT 158.18 163.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.54 163.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 231.63 163.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.63 163.30 Td (, ) Tj ET Q q 0 0 0 rg BT 257.33 163.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.96 163.30 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.96 163.30 Td ( ) Tj ET Q q 0 0 0 rg BT 288.16 163.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.46 163.30 Td (options ) Tj ET Q q 0 0 0 rg BT 345.10 163.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 373.85 163.30 Td (in ) Tj ET Q q 0 0 0 rg BT 384.82 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.23 163.30 Td (years ) Tj ET Q q 0 0 0 rg BT 424.53 163.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.90 163.30 Td (August ) Tj ET Q q 0 0 0 rg BT 482.98 163.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 498.68 163.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 521.88 163.30 Td (and ) Tj ET Q q 0 0 0 rg BT 539.51 163.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 163.30 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.36 151.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.14 151.30 Td (associated ) Tj ET Q q 0 0 0 rg BT 185.82 151.30 Td (with ) Tj ET Q q 0 0 0 rg BT 205.18 151.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 227.87 151.30 Td (options, ) Tj ET Q q 0 0 0 rg BT 261.40 151.30 Td (the ) Tj ET Q q 0 0 0 rg BT 275.20 151.30 Td (total ) Tj ET Q q 0 0 0 rg BT 294.56 151.30 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 331.67 151.30 Td (received ) Tj ET Q q 0 0 0 rg BT 367.12 151.30 Td (from ) Tj ET Q q 0 0 0 rg BT 388.14 151.30 Td (option ) Tj ET Q q 0 0 0 rg BT 415.28 151.30 Td (exercises ) Tj ET Q q 0 0 0 rg BT 453.51 151.30 Td (and ) Tj ET Q q 0 0 0 rg BT 469.53 151.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.33 151.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.12 151.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 530.36 151.30 Td (realized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.30 Td (from ) Tj ET Q q 0 0 0 rg BT 71.71 139.30 Td (options ) Tj ET Q q 0 0 0 rg BT 103.44 139.30 Td (exercised ) Tj ET Q q 0 0 0 rg BT 143.47 139.30 Td (were ) Tj ET Q q 0 0 0 rg BT 165.17 139.30 Td (not ) Tj ET Q q 0 0 0 rg BT 180.22 139.30 Td (material ) Tj ET Q q 0 0 0 rg BT 215.26 139.30 Td (during ) Tj ET Q q 0 0 0 rg BT 243.64 139.30 Td (each ) Tj ET Q q 0 0 0 rg BT 264.23 139.30 Td (of ) Tj ET Q q 0 0 0 rg BT 274.84 139.30 Td (the ) Tj ET Q q 0 0 0 rg BT 289.33 139.30 Td (years ) Tj ET Q q 0 0 0 rg BT 312.71 139.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.36 139.30 Td (August ) Tj ET Q q 0 0 0 rg BT 369.52 139.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 384.30 139.30 Td (2014, ) Tj ET Q q 0 0 0 rg BT 409.07 139.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 431.35 139.30 Td (and ) Tj ET Q q 0 0 0 rg BT 448.06 139.30 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.06 139.30 Td (. ) Tj ET Q q 0 0 0 rg BT 472.34 139.30 Td (As ) Tj ET Q q 0 0 0 rg BT 485.72 139.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.83 139.30 Td (August31, ) Tj ET Q q 0 0 0 rg BT 542.00 139.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 139.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.30 Td (there ) Tj ET Q q 0 0 0 rg BT 72.49 127.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.54 127.30 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 127.30 Td ( ) Tj ET Q q 0 0 0 rg BT 103.04 127.30 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 159.40 127.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 217.44 127.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 236.05 127.30 Td (related ) Tj ET Q q 0 0 0 rg BT 265.75 127.30 Td (to ) Tj ET Q q 0 0 0 rg BT 276.03 127.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 299.64 127.30 Td (options.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (79) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 731.25 Td (Note 18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.99 731.25 Td ( Income ) Tj ET Q q 0 0 0 rg BT 125.97 731.25 Td (T) Tj ET Q q 0 0 0 rg BT 131.72 731.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.99 710.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 106.71 710.25 Td (from ) Tj ET Q q 0 0 0 rg BT 128.65 710.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 173.92 710.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 218.07 710.25 Td (before ) Tj ET Q q 0 0 0 rg BT 246.11 710.25 Td (income ) Tj ET Q q 0 0 0 rg BT 278.04 710.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 301.09 710.25 Td (was ) Tj ET Q q 0 0 0 rg BT 319.14 710.25 Td (as ) Tj ET Q q 0 0 0 rg BT 329.97 710.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 362.47 710.25 Td (for ) Tj ET Q q 0 0 0 rg BT 376.63 710.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.35 710.25 Td (years ) Tj ET Q q 0 0 0 rg BT 414.95 710.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 440.77 710.25 Td (August31 ) Tj ET Q q 0 0 0 rg BT 484.67 710.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 498.27 710.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 684.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 684.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 684.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 684.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 684.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 684.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 654.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 654.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 654.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 654.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 654.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 654.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 684.75 m 414 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 684.75 m 488 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 684.75 m 562 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 684.75 m 414 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 684.75 m 488 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 684.75 m 562 684.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 654.75 m 414 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 654.75 m 488 654.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 654.75 m 562 654.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 639.75 m 414 639.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 639.75 m 488 639.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 639.75 m 562 639.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.50 689.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 689.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.50 689.43 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 675.32 Td (United States) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 674.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 674.42 Td (10,796) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 674.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 674.47 Td (\(196,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 674.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 674.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 674.42 Td (54,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 660.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.80 659.47 Td (\(61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 659.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 659.47 Td (\(141,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 659.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 659.47 Td (\(11,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 659.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 645.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 644.42 Td (10,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 644.47 Td (\(337,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 644.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 644.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 644.42 Td (42,956) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 619.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.66 619.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 96.06 619.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 130.44 619.25 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 167.04 619.25 Td (from ) Tj ET Q q 0 0 0 rg BT 188.66 619.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 233.61 619.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 277.44 619.25 Td (consisted ) Tj ET Q q 0 0 0 rg BT 316.83 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.34 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.73 619.25 Td (following ) Tj ET Q q 0 0 0 rg BT 382.79 619.25 Td (for ) Tj ET Q q 0 0 0 rg BT 396.63 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.03 619.25 Td (years ) Tj ET Q q 0 0 0 rg BT 434.30 619.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 459.87 619.25 Td (August ) Tj ET Q q 0 0 0 rg BT 490.94 619.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 503.12 619.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 516.40 619.25 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 593.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 593.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 593.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 593.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 563.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 563.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 563.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 563.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 563.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 533.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 533.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 533.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 533.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 533.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 503.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 503.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 503.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 503.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 503.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 473.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 473.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 473.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 473.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 473.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 473.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 443.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 443.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 443.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 443.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 443.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 443.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 593.75 m 414 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 593.75 m 488 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 593.75 m 562 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 533.75 m 414 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 533.75 m 488 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 533.75 m 562 533.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 518.75 m 414 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 518.75 m 488 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 518.75 m 562 518.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 458.75 m 414 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 458.75 m 488 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 458.75 m 562 458.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 443.75 m 414 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 443.75 m 488 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 443.75 m 562 443.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 443.75 m 414 443.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 428.75 m 414 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 443.75 m 488 443.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 428.75 m 488 428.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 443.75 m 562 443.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 428.75 m 562 428.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 598.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.50 598.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 598.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.50 598.43 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 584.32 Td (Current:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 569.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 568.42 Td (5,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 568.42 Td (556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 568.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 568.42 Td (5,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 554.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 553.42 Td (229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 553.42 Td (356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 553.42 Td (453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 539.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 538.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 538.42 Td (764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.80 538.47 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 538.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 524.32 Td (Total current tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 523.42 Td (6,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 523.42 Td (1,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 523.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 523.42 Td (5,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 509.32 Td (Deferred:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 494.32 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 493.47 Td (\(4,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 493.47 Td (\(58,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 493.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 493.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 493.42 Td (13,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 479.32 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 478.42 Td (880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 478.47 Td (\(264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 478.47 Td (\(2,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 478.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 464.32 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.80 463.47 Td (\(301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 463.47 Td (\(644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 463.47 Td (\(2,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 463.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 449.32 Td (Total deferred tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 448.47 Td (\(4,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 448.47 Td (\(59,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 448.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 448.42 Td (8,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 434.32 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 433.42 Td (2,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 433.47 Td (\(57,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 433.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 433.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 433.42 Td (14,039) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 405.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 405.25 Td ( ) Tj ET Q q 0 0 0 rg BT 57.95 405.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 114.71 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.82 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.82 405.25 Td (dif) Tj ET Q q 0 0 0 rg BT 149.75 405.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 180.95 405.25 Td (between ) Tj ET Q q 0 0 0 rg BT 216.04 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.04 405.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 259.58 405.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 296.36 405.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 313.12 405.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.34 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.34 405.25 Td (Company) Tj ET Q q 0 0 0 rg BT 385.01 405.25 Td (s ) Tj ET Q q 0 0 0 rg BT 390.68 405.25 Td (ef) Tj ET Q q 0 0 0 rg BT 398.27 405.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 427.25 405.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.25 405.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 458.02 405.25 Td (for ) Tj ET Q q 0 0 0 rg BT 471.46 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.46 405.25 Td (years ) Tj ET Q q 0 0 0 rg BT 508.34 405.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 533.61 405.25 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 393.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 62.00 393.25 Td (is ) Tj ET Q q 0 0 0 rg BT 71.17 393.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.00 393.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 368.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 368.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 368.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 368.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 368.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 368.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 338.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 338.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 338.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 338.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 338.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 308.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 308.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 308.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 308.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 308.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 278.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 278.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 278.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 278.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 278.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 248.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 248.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 248.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 248.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 248.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 218.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 218.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 218.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 218.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 218.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 188.75 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 188.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 188.75 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 188.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 188.75 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 368.75 m 415 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 368.75 m 489 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 368.75 m 563 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 368.75 m 415 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 368.75 m 489 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 368.75 m 563 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 173.75 m 415 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 173.75 m 489 173.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 173.75 m 563 173.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345 158.75 m 415 158.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 158.75 m 489 158.75 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 158.75 m 563 158.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 373.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 373.43 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 373.43 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 373.43 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 359.32 Td (Federal statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 358.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 358.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 358.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 358.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 358.42 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 358.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 344.32 Td (State taxes, net of credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 343.47 Td (\(7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 343.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 343.42 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 343.47 Td (\(5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 343.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.32 Td (Foreign income taxed at different rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 328.47 Td (\(8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 328.47 Td (\(3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 328.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 328.42 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 314.32 Td (Section199 deduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 313.47 Td (\(6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 313.42 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 313.47 Td (\(0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.32 Td (Non-deductible officers compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.65 298.42 Td (2.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 298.47 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 298.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 298.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 284.32 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.30 283.47 Td (\(12.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 283.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 283.42 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 283.47 Td (\(2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 283.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 269.32 Td (Research and development credits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 268.47 Td (\(1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 268.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 268.42 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.30 268.47 Td (\(2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 268.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 253.42 Td (Fixed asset tax basis adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.30 253.47 Td (\(21.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 253.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 253.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 238.42 Td (Valuation allowance on deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 238.42 Td (21.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 238.47 Td (\(8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 238.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 238.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 223.42 Td (Unrecognized tax benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 223.42 Td (18.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 223.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 223.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.32 Td (Non-deductible goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 208.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 208.47 Td (\(7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 208.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 208.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.32 Td (Foreign interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 193.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 193.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 193.42 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 179.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.30 178.47 Td (\(2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 178.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 178.47 Td (\(0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 178.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 178.42 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 164.32 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 163.42 Td (18.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 163.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 163.42 Td (17.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 163.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 163.42 Td (32.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 163.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 135.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.24 135.25 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.31 135.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.31 135.25 Td (, ) Tj ET Q q 0 0 0 rg BT 109.22 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.85 135.25 Td (ef) Tj ET Q q 0 0 0 rg BT 131.43 135.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 161.05 135.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 175.68 135.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 193.07 135.25 Td (was ) Tj ET Q q 0 0 0 rg BT 211.04 135.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 236.21 135.25 Td (than ) Tj ET Q q 0 0 0 rg BT 255.84 135.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.47 135.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 290.67 135.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 320.83 135.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 358.24 135.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 375.63 135.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.37 135.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.70 135.25 Td (. ) Tj ET Q q 0 0 0 rg BT 409.44 135.25 Td (The ) Tj ET Q q 0 0 0 rg BT 427.40 135.25 Td (ef) Tj ET Q q 0 0 0 rg BT 434.99 135.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 464.60 135.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 479.23 135.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 496.62 135.25 Td (benefited ) Tj ET Q q 0 0 0 rg BT 536.24 135.25 Td (from ) Tj ET Q q 0 0 0 rg BT 558.09 135.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 123.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.78 123.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 94.95 123.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 109.90 123.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 132.63 123.25 Td (study ) Tj ET Q q 0 0 0 rg BT 157.03 123.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 201.40 123.25 Td (during ) Tj ET Q q 0 0 0 rg BT 230.24 123.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 254.63 123.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 277.36 123.25 Td (which ) Tj ET Q q 0 0 0 rg BT 304.53 123.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 338.92 123.25 Td (in ) Tj ET Q q 0 0 0 rg BT 349.42 123.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.37 123.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 412.65 123.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.71 123.25 Td (a ) Tj ET Q q 0 0 0 rg BT 430.88 123.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.82 123.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 476.32 123.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.38 123.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 500.11 123.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 123.25 Td (, ) Tj ET Q q 0 0 0 rg BT 534.23 123.25 Td (as ) Tj ET Q q 0 0 0 rg BT 545.29 123.25 Td (well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 111.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.09 111.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.56 111.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 115.68 111.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 145.15 111.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.74 111.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 197.43 111.25 Td (income ) Tj ET Q q 0 0 0 rg BT 229.12 111.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 272.47 111.25 Td (with ) Tj ET Q q 0 0 0 rg BT 292.51 111.25 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 353.65 111.25 Td (interests, ) Tj ET Q q 0 0 0 rg BT 391.73 111.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 422.86 111.25 Td (income ) Tj ET Q q 0 0 0 rg BT 454.55 111.25 Td (taxed ) Tj ET Q q 0 0 0 rg BT 478.47 111.25 Td (at ) Tj ET Q q 0 0 0 rg BT 487.94 111.25 Td (dif) Tj ET Q q 0 0 0 rg BT 498.87 111.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 524.44 111.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 548.07 111.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 99.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.99 99.25 Td (deductions ) Tj ET Q q 0 0 0 rg BT 126.60 99.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.32 99.25 Td (credits. ) Tj ET Q q 0 0 0 rg BT 176.77 99.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 202.82 99.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 248.32 99.25 Td (items ) Tj ET Q q 0 0 0 rg BT 273.27 99.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 316.55 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.05 99.25 Td (ef) Tj ET Q q 0 0 0 rg BT 339.64 99.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 370.13 99.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 385.63 99.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.90 99.25 Td (included ) Tj ET Q q 0 0 0 rg BT 441.62 99.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.12 99.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 505.95 99.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.57 99.25 Td (a ) Tj ET Q q 0 0 0 rg BT 525.29 99.25 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 87.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 92.80 87.25 Td (against ) Tj ET Q q 0 0 0 rg BT 123.90 87.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 153.87 87.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 185.52 87.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.73 87.25 Td (state ) Tj ET Q q 0 0 0 rg BT 223.83 87.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 259.90 87.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 274.89 87.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 300.99 87.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.20 87.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.19 87.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 381.50 87.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.60 87.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.81 87.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 433.69 87.25 Td (for ) Tj ET Q q 0 0 0 rg BT 448.12 87.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 504.76 87.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 519.74 87.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 554.17 87.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 75.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 62.35 75.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.24 75.25 Td (. ) Tj ET Q q 0 0 0 rg BT 96.39 75.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.79 75.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 154.86 75.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 198.24 75.25 Td (on ) Tj ET Q q 0 0 0 rg BT 211.09 75.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 247.25 75.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 262.32 75.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.51 75.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.69 75.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 329.74 75.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 361.47 75.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.77 75.25 Td (state ) Tj ET Q q 0 0 0 rg BT 399.94 75.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.01 75.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 467.31 75.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 507.92 75.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.77 75.25 Td ($2 ) Tj ET Q q 0 0 0 rg BT 533.62 75.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.51 75.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 63.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.07 63.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.00 63.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.37 63.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 136.96 63.25 Td (year ) Tj ET Q q 0 0 0 rg BT 156.32 63.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.91 63.25 Td (was ) Tj ET Q q 0 0 0 rg BT 190.61 63.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 236.62 63.25 Td (as ) Tj ET Q q 0 0 0 rg BT 247.10 63.25 Td (a ) Tj ET Q q 0 0 0 rg BT 253.69 63.25 Td (result ) Tj ET Q q 0 0 0 rg BT 278.06 63.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.54 63.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 324.57 63.25 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 364.75 63.25 Td (including ) Tj ET Q q 0 0 0 rg BT 404.67 63.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 431.25 63.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 457.29 63.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.22 63.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 496.57 63.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.60 63.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.19 63.25 Td (state ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (80) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 104.06 731.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 156.66 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.49 731.10 Td (more ) Tj ET Q q 0 0 0 rg BT 194.65 731.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 237.81 731.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 272.08 731.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 312.73 731.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 355.33 731.10 Td (that ) Tj ET Q q 0 0 0 rg BT 372.94 731.10 Td (it ) Tj ET Q q 0 0 0 rg BT 381.11 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 390.39 731.10 Td (more ) Tj ET Q q 0 0 0 rg BT 413.55 731.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 438.93 731.10 Td (than ) Tj ET Q q 0 0 0 rg BT 458.76 731.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.15 731.10 Td (that ) Tj ET Q q 0 0 0 rg BT 491.76 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.59 731.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 550.30 731.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 79.76 719.10 Td (will ) Tj ET Q q 0 0 0 rg BT 97.82 719.10 Td (not ) Tj ET Q q 0 0 0 rg BT 113.10 719.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.04 719.10 Td (realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.06 701.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.95 701.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 111.68 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.12 701.10 Td (ef) Tj ET Q q 0 0 0 rg BT 134.71 701.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 165.14 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 180.59 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 198.80 701.10 Td (dif) Tj ET Q q 0 0 0 rg BT 209.73 701.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 233.50 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 256.17 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.61 701.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 292.63 701.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 323.61 701.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 361.84 701.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 380.05 701.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.61 701.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.94 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.17 701.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 453.61 701.10 Td (due ) Tj ET Q q 0 0 0 rg BT 471.28 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.29 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.74 701.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 546.51 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 558.07 701.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.09 689.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 132.00 689.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.71 689.10 Td ($29 ) Tj ET Q q 0 0 0 rg BT 160.09 689.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.98 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.36 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 203.74 689.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 239.43 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.02 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 279.73 689.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 309.89 689.10 Td (related ) Tj ET Q q 0 0 0 rg BT 339.47 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.63 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.44 689.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 387.70 689.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 428.16 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.04 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.63 689.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 477.23 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.93 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.53 689.10 Td (non-deductible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.92 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.79 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.55 677.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 144.64 677.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 193.28 677.10 Td (char) Tj ET Q q 0 0 0 rg BT 210.31 677.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 222.28 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.26 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.01 677.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 283.76 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.63 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.39 677.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 340.80 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 355.56 677.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 373.08 677.10 Td (dif) Tj ET Q q 0 0 0 rg BT 384.01 677.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 419.86 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.39 677.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.70 677.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 499.13 677.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 536.64 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.18 677.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 80.90 665.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 132.95 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 151.01 665.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 186.84 665.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 201.57 665.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 227.42 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.16 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.89 665.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 283.29 665.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 326.92 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 341.09 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 368.05 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.01 665.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 414.74 665.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 457.79 665.10 Td (was ) Tj ET Q q 0 0 0 rg BT 475.86 665.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 513.35 665.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.30 665.10 Td (related ) Tj ET Q q 0 0 0 rg BT 565.00 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.47 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.01 653.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 144.42 653.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 188.27 653.10 Td (dif) Tj ET Q q 0 0 0 rg BT 199.20 653.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 235.26 653.10 Td (created ) Tj ET Q q 0 0 0 rg BT 266.88 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.42 653.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 301.83 653.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 324.59 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 337.35 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.33 653.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 401.18 653.10 Td (char) Tj ET Q q 0 0 0 rg BT 418.21 653.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 430.41 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.50 653.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 479.81 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.01 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.77 653.10 Td (net ) Tj ET Q q 0 0 0 rg BT 524.74 653.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 76.21 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 86.24 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.27 641.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 141.73 641.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.84 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 165.20 641.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 205.23 641.10 Td (allowance ) Tj ET Q q 0 0 0 rg BT 248.58 641.10 Td (was ) Tj ET Q q 0 0 0 rg BT 266.94 641.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 313.62 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.77 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.02 641.10 Td (result ) Tj ET Q q 0 0 0 rg BT 357.05 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.20 641.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 404.88 641.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 445.73 641.10 Td (including ) Tj ET Q q 0 0 0 rg BT 486.32 641.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 513.56 641.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 540.26 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.29 641.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 89.96 629.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.57 629.10 Td (outweighing ) Tj ET Q q 0 0 0 rg BT 148.68 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.01 629.10 Td (more ) Tj ET Q q 0 0 0 rg BT 187.67 629.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 231.32 629.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 266.10 629.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 307.24 629.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 350.34 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 368.45 629.10 Td (it ) Tj ET Q q 0 0 0 rg BT 377.12 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.90 629.10 Td (more ) Tj ET Q q 0 0 0 rg BT 410.56 629.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 436.44 629.10 Td (than ) Tj ET Q q 0 0 0 rg BT 456.77 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 472.66 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 490.77 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.10 629.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 550.30 629.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 79.76 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 97.82 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 113.10 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.04 617.10 Td (realized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 599.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.90 599.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 85.62 599.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 108.68 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.97 599.10 Td (ef) Tj ET Q q 0 0 0 rg BT 131.56 599.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 161.82 599.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.11 599.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 195.16 599.10 Td (dif) Tj ET Q q 0 0 0 rg BT 206.09 599.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 229.69 599.10 Td (from ) Tj ET Q q 0 0 0 rg BT 252.20 599.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.48 599.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 288.33 599.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 319.15 599.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 357.21 599.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 375.26 599.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.66 599.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.99 599.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.05 599.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 448.33 599.10 Td (due ) Tj ET Q q 0 0 0 rg BT 465.84 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.68 599.10 Td (state ) Tj ET Q q 0 0 0 rg BT 498.07 599.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 513.36 599.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 548.08 599.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 587.10 Td (research ) Tj ET Q q 0 0 0 rg BT 84.96 587.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.55 587.10 Td (development ) Tj ET Q q 0 0 0 rg BT 155.35 587.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 186.66 587.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 222.14 587.10 Td (of) Tj ET Q q 0 0 0 rg BT 230.29 587.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 246.88 587.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.03 587.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.40 587.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 306.09 587.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 335.46 587.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.94 587.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 376.97 587.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 426.78 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.93 587.10 Td (results ) Tj ET Q q 0 0 0 rg BT 457.19 587.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 481.00 587.10 Td (at ) Tj ET Q q 0 0 0 rg BT 490.37 587.10 Td (dif) Tj ET Q q 0 0 0 rg BT 501.30 587.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 526.77 587.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 541.14 587.10 Td (rates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (Realization ) Tj ET Q q 0 0 0 rg BT 97.69 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.67 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.54 569.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 155.07 569.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 204.87 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.52 569.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 243.48 569.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.35 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.33 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.65 569.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 337.40 569.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 360.05 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.92 569.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 416.45 569.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 461.31 569.10 Td (suf) Tj ET Q q 0 0 0 rg BT 473.35 569.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 501.54 569.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 533.06 569.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.14 557.10 Td (these ) Tj ET Q q 0 0 0 rg BT 81.55 557.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.63 557.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 146.94 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.58 557.10 Td (future ) Tj ET Q q 0 0 0 rg BT 182.32 557.10 Td (years ) Tj ET Q q 0 0 0 rg BT 205.28 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.92 557.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 244.55 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 265.85 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.93 557.10 Td (reversal ) Tj ET Q q 0 0 0 rg BT 313.44 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.63 557.10 Td (net ) Tj ET Q q 0 0 0 rg BT 337.71 557.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 381.22 557.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 424.18 557.10 Td (dif) Tj ET Q q 0 0 0 rg BT 435.11 557.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 470.27 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.58 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 507.88 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.96 557.10 Td (utilization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.63 545.10 Td (net ) Tj ET Q q 0 0 0 rg BT 73.64 545.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.21 545.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 141.40 545.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 195.40 545.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 229.96 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 246.75 545.10 Td (it ) Tj ET Q q 0 0 0 rg BT 254.11 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.57 545.10 Td (more ) Tj ET Q q 0 0 0 rg BT 284.92 545.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 309.49 545.10 Td (than ) Tj ET Q q 0 0 0 rg BT 328.51 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 343.08 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 359.88 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.89 545.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 414.58 545.10 Td (will ) Tj ET Q q 0 0 0 rg BT 431.93 545.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 460.37 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.39 545.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 507.84 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.97 545.10 Td (its ) Tj ET Q q 0 0 0 rg BT 529.21 545.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.22 533.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 92.55 533.10 Td (net ) Tj ET Q q 0 0 0 rg BT 107.26 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.09 533.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 157.81 533.10 Td (allowances, ) Tj ET Q q 0 0 0 rg BT 207.23 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.06 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.34 533.10 Td (August ) Tj ET Q q 0 0 0 rg BT 259.73 533.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 274.73 533.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.53 515.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.24 515.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.07 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.01 515.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.73 515.10 Td (were ) Tj ET Q q 0 0 0 rg BT 206.66 515.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 250.81 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.64 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.36 515.10 Td (following ) Tj ET Q q 0 0 0 rg BT 317.75 515.10 Td (as ) Tj ET Q q 0 0 0 rg BT 328.58 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.86 515.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 382.75 515.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 396.36 515.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 484.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 484.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 484.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 454.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 454.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 454.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 454.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 424.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 424.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 424.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 424.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 394.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 394.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 394.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 364.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 364.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 364.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 334.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 334.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 334.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 304.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 304.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 304.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 274.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 274.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 274.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 484.6 m 489 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 484.6 m 563 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 484.6 m 489 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 349.6 m 489 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 334.6 m 489 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 349.6 m 563 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 334.6 m 563 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 274.6 m 489 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 274.6 m 563 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 274.6 m 489 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 259.6 m 489 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 274.6 m 563 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 259.6 m 563 259.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 244.60000000000002 m 489 244.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 244.60000000000002 m 563 244.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 489.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 489.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 475.17 Td (Deferred tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 460.17 Td (Environmental liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 459.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 459.27 Td (11,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 459.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 459.27 Td (12,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 445.17 Td (Employee benefit accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 444.27 Td (14,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 444.27 Td (9,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 430.17 Td (State income tax and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 429.27 Td (3,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 429.27 Td (2,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 415.17 Td (Net operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 414.27 Td (11,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 414.27 Td (11,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 400.17 Td (State credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 399.27 Td (5,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 399.27 Td (5,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 385.17 Td (Inventory valuation methods) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 384.27 Td (242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 384.27 Td (1,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 370.17 Td (Amortizable goodwill and other intangibles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 369.27 Td (34,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 369.27 Td (38,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 355.17 Td (Valuation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 354.32 Td (\(32,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 354.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 354.32 Td (\(29,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 354.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 340.17 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 339.27 Td (49,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 339.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 339.27 Td (51,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 325.17 Td (Deferred tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 310.17 Td (Accelerated depreciation and other basis differences) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 309.27 Td (62,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 309.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 309.27 Td (68,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 295.17 Td (Prepaid expense acceleration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 294.27 Td (2,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 294.27 Td (2,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 280.17 Td (Foreign currency translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 279.27 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 279.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 265.17 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 264.27 Td (65,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 264.27 Td (71,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.50 250.17 Td (Net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 249.27 Td (15,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 249.27 Td (19,179) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.07 224.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.32 224.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 119.67 224.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.67 224.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.63 224.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 175.96 224.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.18 224.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 234.20 224.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 292.74 224.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.63 224.10 Td ($38 ) Tj ET Q q 0 0 0 rg BT 332.09 224.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.98 224.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.94 224.10 Td (which ) Tj ET Q q 0 0 0 rg BT 392.83 224.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 420.28 224.10 Td (if ) Tj ET Q q 0 0 0 rg BT 428.85 224.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.08 224.10 Td (used ) Tj ET Q q 0 0 0 rg BT 464.87 224.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.64 224.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.64 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.10 224.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 224.10 Td (2033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 224.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (State ) Tj ET Q q 0 0 0 rg BT 72.00 212.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 97.26 212.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 155.84 212.10 Td (will ) Tj ET Q q 0 0 0 rg BT 173.89 212.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 201.38 212.10 Td (if ) Tj ET Q q 0 0 0 rg BT 209.99 212.10 Td (not ) Tj ET Q q 0 0 0 rg BT 225.27 212.10 Td (used ) Tj ET Q q 0 0 0 rg BT 246.10 212.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.91 212.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.91 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.41 212.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.35 212.10 Td (2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.35 212.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 99.79 191.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.51 191.10 Td (Uncertainty ) Tj ET Q q 0 0 0 rg BT 165.90 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.74 191.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 210.34 191.10 Td (T) Tj ET Q q 0 0 0 rg BT 215.54 191.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.97 174.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.78 174.10 Td (table ) Tj ET Q q 0 0 0 rg BT 132.14 174.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 182.83 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.97 174.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 230.88 174.10 Td (related ) Tj ET Q q 0 0 0 rg BT 261.01 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.71 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.85 174.10 Td (Company) Tj ET Q q 0 0 0 rg BT 328.51 174.10 Td (s ) Tj ET Q q 0 0 0 rg BT 335.33 174.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 367.12 174.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.71 174.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 438.49 174.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.63 174.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 490.71 174.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 533.07 174.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 162.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 106.98 162.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.14 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.86 162.10 Td (years ) Tj ET Q q 0 0 0 rg BT 159.46 162.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.28 162.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 229.17 162.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 242.78 162.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 137.60 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 137.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 137.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 137.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 107.60 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 107.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 107.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 107.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 107.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 107.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 77.60 295.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 345.00 77.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.00 77.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 77.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 77.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 77.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 137.60000000000002 m 415 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 137.60000000000002 m 489 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 137.60000000000002 m 563 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 137.60000000000002 m 415 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 137.60000000000002 m 489 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 137.60000000000002 m 563 137.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345 77.60000000000002 m 415 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 77.60000000000002 m 489 77.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 77.60000000000002 m 563 77.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 345 62.60000000000002 m 415 62.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 62.60000000000002 m 489 62.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 62.60000000000002 m 563 62.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 142.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 142.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 142.28 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 128.17 Td (Unrecognized tax benefits, as of the beginning of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.50 127.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 127.27 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 127.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 127.27 Td (491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 127.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 127.27 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 113.17 Td (Additions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 112.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 112.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 112.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 98.17 Td (Reductions for tax positions of prior years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 97.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 97.32 Td (\(31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 97.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.80 97.32 Td (\(143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 97.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 83.17 Td (Additions for tax positions of the current year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 82.27 Td (2,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 82.27 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 82.27 Td (331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 68.17 Td (Unrecognized tax benefits, as of the end of the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.50 67.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 67.27 Td (2,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 67.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 67.27 Td (526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 67.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 67.27 Td (491) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (81) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 731.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.93 731.10 Td (does ) Tj ET Q q 0 0 0 rg BT 129.76 731.10 Td (not ) Tj ET Q q 0 0 0 rg BT 145.04 731.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 186.41 731.10 Td (any ) Tj ET Q q 0 0 0 rg BT 203.35 731.10 Td (material ) Tj ET Q q 0 0 0 rg BT 238.61 731.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 273.31 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.59 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.31 731.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 329.68 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.95 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.67 731.10 Td (next ) Tj ET Q q 0 0 0 rg BT 374.39 731.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 386.89 731.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 710.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 710.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 113.91 710.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 150.30 710.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.13 710.10 Td (tax-related ) Tj ET Q q 0 0 0 rg BT 206.38 710.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 244.42 710.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.36 710.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 293.29 710.10 Td (were ) Tj ET Q q 0 0 0 rg BT 315.22 710.10 Td (not ) Tj ET Q q 0 0 0 rg BT 330.50 710.10 Td (material ) Tj ET Q q 0 0 0 rg BT 365.75 710.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.92 710.10 Td (all ) Tj ET Q q 0 0 0 rg BT 392.41 710.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 424.35 710.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.21 689.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 108.25 689.10 Td (files ) Tj ET Q q 0 0 0 rg BT 127.63 689.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 157.54 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.14 689.10 Td (state ) Tj ET Q q 0 0 0 rg BT 194.63 689.10 Td (income ) Tj ET Q q 0 0 0 rg BT 226.22 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.60 689.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 270.52 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.46 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.84 689.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 314.78 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.38 689.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 362.42 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 376.79 689.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 406.72 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 416.66 689.10 Td (Puerto ) Tj ET Q q 0 0 0 rg BT 444.93 689.10 Td (Rico ) Tj ET Q q 0 0 0 rg BT 465.97 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.57 689.10 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 517.06 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.77 689.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (statute ) Tj ET Q q 0 0 0 rg BT 77.96 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.66 677.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 133.79 677.10 Td (has ) Tj ET Q q 0 0 0 rg BT 149.49 677.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 181.83 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.85 677.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 219.87 677.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 242.23 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.03 677.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 280.83 677.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 306.62 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 324.52 677.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 347.17 677.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 379.52 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.31 677.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 432.01 677.10 Td (state ) Tj ET Q q 0 0 0 rg BT 452.69 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 467.27 677.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 511.84 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 526.41 677.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (examining ) Tj ET Q q 0 0 0 rg BT 94.21 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.93 665.10 Td (Company) Tj ET Q q 0 0 0 rg BT 150.59 665.10 Td (s ) Tj ET Q q 0 0 0 rg BT 156.99 665.10 Td (income ) Tj ET Q q 0 0 0 rg BT 188.92 665.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 203.64 665.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 233.90 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.06 665.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 272.22 665.10 Td (years ) Tj ET Q q 0 0 0 rg BT 295.82 665.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 318.32 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.60 665.10 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (Note 19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 641.10 Td ( Net Income \(Loss\) Per) Tj ET Q q 0 0 0 rg BT 187.56 641.10 Td ( Shar) Tj ET Q q 0 0 0 rg BT 210.44 641.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.32 620.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.98 620.10 Td (table ) Tj ET Q q 0 0 0 rg BT 132.19 620.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 149.96 620.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 172.17 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.16 620.10 Td (information ) Tj ET Q q 0 0 0 rg BT 237.15 620.10 Td (used ) Tj ET Q q 0 0 0 rg BT 258.25 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.80 620.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 306.01 620.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 329.33 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.54 620.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 377.09 620.10 Td (net ) Tj ET Q q 0 0 0 rg BT 392.08 620.10 Td (income ) Tj ET Q q 0 0 0 rg BT 424.29 620.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 449.28 620.10 Td (per ) Tj ET Q q 0 0 0 rg BT 464.82 620.10 Td (share ) Tj ET Q q 0 0 0 rg BT 488.70 620.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 537.01 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.56 620.10 Td (SSI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 608.10 Td (years ) Tj ET Q q 0 0 0 rg BT 102.48 608.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 128.30 608.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 172.19 608.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 185.80 608.10 Td (thousands\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 574.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 574.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 574.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 574.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 574.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 544.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 544.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 544.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 544.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 544.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 514.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 514.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 514.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 514.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 514.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 484.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 484.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 484.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 484.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 444.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 444.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 444.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 444.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 444.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 444.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 574.6 m 414.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 574.6 m 488.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 574.6 m 562.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 574.6 m 414.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 574.6 m 488.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 574.6 m 562.5 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 544.6 m 414.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 544.6 m 488.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 544.6 m 562.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 514.6 m 414.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 514.6 m 488.5 514.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 514.6 m 562.5 514.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 499.6 m 414.5 499.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 499.6 m 488.5 499.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 499.6 m 562.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 444.6 m 414.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 444.6 m 414.5 444.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 429.6 m 414.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 444.6 m 488.5 444.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 429.6 m 488.5 429.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 444.6 m 562.5 444.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 429.6 m 562.5 429.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 579.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 579.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 579.28 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.17 Td (Income \(loss\) from continuing operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 564.27 Td (8,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 564.32 Td (\(280,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 564.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 564.27 Td (28,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.17 Td (Net income attributable to noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 549.32 Td (\(3,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 549.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 549.32 Td (\(1,419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 549.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 549.32 Td (\(1,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 549.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.17 Td (Income \(loss\) from continuing operations attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 534.27 Td (5,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 534.32 Td (\(281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 534.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 534.27 Td (27,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.17 Td (Income from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 519.27 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 519.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.17 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 504.27 Td (5,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.80 504.32 Td (\(281,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 504.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 504.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 504.27 Td (27,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.17 Td (Computation of shares:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 475.17 Td (Weighted average common shares outstanding, basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 474.27 Td (26,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 474.27 Td (26,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 474.27 Td (27,317) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 460.17 Td (Incremental common shares attributable to dilutive stock options,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 450.17 Td (performance share awards, DSUs and RSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.65 449.27 Td (166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 449.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 449.27 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 435.17 Td (Weighted average common shares outstanding, diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 434.27 Td (27,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 434.27 Td (26,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 434.27 Td (27,553) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 90.94 406.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 115.75 406.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 161.12 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 189.82 406.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.86 406.10 Td (618,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.36 406.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.57 406.10 Td (957,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.07 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.78 406.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.92 406.10 Td (69,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.42 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.13 406.10 Td (were ) Tj ET Q q 0 0 0 rg BT 349.27 406.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 396.30 406.10 Td (antidilutive ) Tj ET Q q 0 0 0 rg BT 445.55 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.70 406.10 Td (were ) Tj ET Q q 0 0 0 rg BT 486.84 406.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 526.65 406.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.79 406.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 96.37 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.20 394.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 137.47 394.10 Td (net ) Tj ET Q q 0 0 0 rg BT 152.19 394.10 Td (income ) Tj ET Q q 0 0 0 rg BT 184.12 394.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 208.84 394.10 Td (per ) Tj ET Q q 0 0 0 rg BT 224.11 394.10 Td (share ) Tj ET Q q 0 0 0 rg BT 247.71 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.87 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.59 394.10 Td (years ) Tj ET Q q 0 0 0 rg BT 300.19 394.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.01 394.10 Td (August ) Tj ET Q q 0 0 0 rg BT 357.40 394.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 372.40 394.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 397.40 394.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 419.90 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 436.84 394.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.84 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.84 394.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 509.50 394.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (Note 20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.99 370.10 Td ( Related Party ) Tj ET Q q 0 0 0 rg BT 153.46 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 159.38 370.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.50 349.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.84 349.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 153.72 349.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 191.04 349.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 216.70 349.10 Td (from ) Tj ET Q q 0 0 0 rg BT 239.60 349.10 Td (its ) Tj ET Q q 0 0 0 rg BT 252.50 349.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 274.29 349.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 307.73 349.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.83 349.10 Td (at ) Tj ET Q q 0 0 0 rg BT 363.51 349.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 390.84 349.10 Td (that ) Tj ET Q q 0 0 0 rg BT 409.28 349.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 462.72 349.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.05 349.10 Td (market ) Tj ET Q q 0 0 0 rg BT 511.27 349.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 538.63 349.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.13 337.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.54 337.10 Td ($30 ) Tj ET Q q 0 0 0 rg BT 137.73 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.62 337.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.32 337.10 Td ($26 ) Tj ET Q q 0 0 0 rg BT 188.52 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.41 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.61 337.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.24 337.10 Td ($41 ) Tj ET Q q 0 0 0 rg BT 253.44 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.33 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.53 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.39 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.80 337.10 Td (years ) Tj ET Q q 0 0 0 rg BT 336.10 337.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.69 337.10 Td (August ) Tj ET Q q 0 0 0 rg BT 392.77 337.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 407.47 337.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 432.17 337.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 454.37 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.00 337.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 337.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.70 337.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 543.36 337.10 Td (. ) Tj ET Q q 0 0 0 rg BT 548.06 337.10 Td (Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (advances ) Tj ET Q q 0 0 0 rg BT 88.80 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.23 325.10 Td (these ) Tj ET Q q 0 0 0 rg BT 122.44 325.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 143.43 325.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 179.96 325.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.04 325.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 214.70 325.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.59 325.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.75 325.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 261.40 325.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.29 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.95 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.04 325.10 Td (less ) Tj ET Q q 0 0 0 rg BT 327.70 325.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.57 325.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 360.22 325.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.12 325.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.77 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.09 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.96 325.10 Td (years ) Tj ET Q q 0 0 0 rg BT 444.71 325.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.66 325.10 Td (August ) Tj ET Q q 0 0 0 rg BT 502.20 325.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.36 325.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 542.52 325.10 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.95 313.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.95 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 90.46 313.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 138.13 313.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.49 313.10 Td (The ) Tj ET Q q 0 0 0 rg BT 160.05 313.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.95 313.10 Td (had ) Tj ET Q q 0 0 0 rg BT 217.41 313.10 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 262.73 313.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 299.17 313.10 Td (due ) Tj ET Q q 0 0 0 rg BT 315.62 313.10 Td (from ) Tj ET Q q 0 0 0 rg BT 337.07 313.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 357.42 313.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 393.31 313.10 Td (as ) Tj ET Q q 0 0 0 rg BT 403.66 313.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.55 313.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 459.46 313.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.46 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 481.47 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.92 313.10 Td (owed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 313.10 Td ($3 ) Tj ET Q q 0 0 0 rg BT 533.61 313.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 313.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.17 301.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 81.39 301.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 118.16 301.10 Td (as ) Tj ET Q q 0 0 0 rg BT 129.38 301.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.96 301.10 Td (August31, ) Tj ET Q q 0 0 0 rg BT 186.74 301.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.74 301.10 Td (. ) Tj ET Q q 0 0 0 rg BT 211.49 301.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 251.05 301.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 295.02 301.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.35 301.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 338.57 301.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 371.45 301.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 406.55 301.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.86 301.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 441.75 301.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.65 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.54 301.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.75 301.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.34 301.10 Td (August ) Tj ET Q q 0 0 0 rg BT 527.12 301.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.51 301.10 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 289.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 289.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.01 268.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 108.06 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.02 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.42 268.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 191.48 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.00 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.39 268.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 247.68 268.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 288.06 268.10 Td (business ) Tj ET Q q 0 0 0 rg BT 325.13 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 351.65 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.46 268.10 Td (Amix ) Tj ET Q q 0 0 0 rg BT 388.41 268.10 Td (Salvage ) Tj ET Q q 0 0 0 rg BT 423.25 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.87 268.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 465.16 268.10 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 484.73 268.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.69 268.10 Td (March ) Tj ET Q q 0 0 0 rg BT 524.97 268.10 Td (201) Tj ET Q q 0 0 0 rg BT 539.60 268.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.60 268.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 268.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.08 256.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 123.20 256.10 Td (into ) Tj ET Q q 0 0 0 rg BT 141.45 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.59 256.10 Td (series ) Tj ET Q q 0 0 0 rg BT 174.05 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.08 256.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 233.30 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.78 256.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 271.47 256.10 Td (bar) Tj ET Q q 0 0 0 rg BT 284.06 256.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 304.53 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.66 256.10 Td (other ) Tj ET Q q 0 0 0 rg BT 344.91 256.10 Td (services ) Tj ET Q q 0 0 0 rg BT 379.81 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.94 256.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 419.62 256.10 Td (property ) Tj ET Q q 0 0 0 rg BT 456.19 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.67 256.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 508.25 256.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 537.60 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 550.30 256.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 86.75 244.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 136.20 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.33 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.36 244.10 Td (Company) Tj ET Q q 0 0 0 rg BT 204.02 244.10 Td (s ) Tj ET Q q 0 0 0 rg BT 210.72 244.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 254.63 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.43 244.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 308.55 244.10 Td (its ) Tj ET Q q 0 0 0 rg BT 320.81 244.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 345.84 244.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 383.08 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.46 244.10 Td (V) Tj ET Q q 0 0 0 rg BT 399.57 244.10 Td (ancouver) Tj ET Q q 0 0 0 rg BT 435.82 244.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.12 244.10 Td (British ) Tj ET Q q 0 0 0 rg BT 471.15 244.10 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 513.40 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.03 244.10 Td (Alberta, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 84.72 232.10 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.68 232.10 Td (March8, ) Tj ET Q q 0 0 0 rg BT 138.51 232.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.51 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.75 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.70 232.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 220.32 232.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 263.60 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.55 232.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 340.17 232.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.34 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.85 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 400.58 232.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 444.43 232.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 464.10 232.10 Td (as ) Tj ET Q q 0 0 0 rg BT 475.17 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.34 232.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 509.79 232.10 Td (those ) Tj ET Q q 0 0 0 rg BT 533.64 232.10 Td (entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.50 220.10 Td (common ) Tj ET Q q 0 0 0 rg BT 111.73 220.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 155.62 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.19 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.64 220.10 Td (former ) Tj ET Q q 0 0 0 rg BT 210.08 220.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 246.75 220.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 295.63 220.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 324.51 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.52 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.19 220.10 Td (related ) Tj ET Q q 0 0 0 rg BT 375.63 220.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 404.51 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.08 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.53 220.10 Td (Company) Tj ET Q q 0 0 0 rg BT 467.76 220.10 Td (. ) Tj ET Q q 0 0 0 rg BT 472.50 220.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 494.73 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.74 220.10 Td (its ) Tj ET Q q 0 0 0 rg BT 516.42 220.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 554.19 220.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 208.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 126.38 208.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 161.20 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.31 208.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 218.09 208.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.20 208.10 Td ($5 ) Tj ET Q q 0 0 0 rg BT 251.09 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.98 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.87 208.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.20 208.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 313.09 208.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.98 208.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.87 208.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 384.97 208.10 Td (for ) Tj ET Q q 0 0 0 rg BT 399.52 208.10 Td (bar) Tj ET Q q 0 0 0 rg BT 412.11 208.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 432.78 208.10 Td (services ) Tj ET Q q 0 0 0 rg BT 467.88 208.10 Td (under ) Tj ET Q q 0 0 0 rg BT 493.54 208.10 Td (these ) Tj ET Q q 0 0 0 rg BT 516.98 208.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 196.10 Td (years ) Tj ET Q q 0 0 0 rg BT 101.98 196.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 127.80 196.10 Td (August ) Tj ET Q q 0 0 0 rg BT 159.19 196.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 174.19 196.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 196.69 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.63 196.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 238.63 196.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 286.29 196.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.24 175.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.53 175.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.72 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.35 175.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 187.64 175.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.38 175.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.23 175.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 233.75 175.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 273.36 175.10 Td (business ) Tj ET Q q 0 0 0 rg BT 309.67 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.86 175.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 343.92 175.10 Td (201) Tj ET Q q 0 0 0 rg BT 358.55 175.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 368.46 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.09 175.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 424.39 175.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 456.23 175.10 Td (into ) Tj ET Q q 0 0 0 rg BT 474.20 175.10 Td (an ) Tj ET Q q 0 0 0 rg BT 486.05 175.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 530.10 175.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 175.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 163.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 78.49 163.10 Td (parties, ) Tj ET Q q 0 0 0 rg BT 109.98 163.10 Td (one ) Tj ET Q q 0 0 0 rg BT 126.75 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.41 163.10 Td (which ) Tj ET Q q 0 0 0 rg BT 164.17 163.10 Td (was ) Tj ET Q q 0 0 0 rg BT 182.05 163.10 Td (an ) Tj ET Q q 0 0 0 rg BT 193.82 163.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 235.02 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.68 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.23 163.10 Td (Company) Tj ET Q q 0 0 0 rg BT 298.46 163.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.29 163.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 340.05 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.60 163.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 383.59 163.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 412.58 163.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 441.55 163.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.66 163.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 495.09 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.64 163.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 550.85 163.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.10 Td (property ) Tj ET Q q 0 0 0 rg BT 86.03 151.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 145.89 151.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.32 151.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 185.07 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.05 151.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.14 151.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 257.99 151.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 290.63 151.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 330.50 151.10 Td (on ) Tj ET Q q 0 0 0 rg BT 343.15 151.10 Td (property ) Tj ET Q q 0 0 0 rg BT 379.68 151.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 408.99 151.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.64 151.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.51 151.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 465.82 151.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 495.13 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.22 151.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 539.86 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 151.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 139.10 Td (.) Tj ET Q q 0 0 0 rg BT 92.56 139.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.95 139.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.69 139.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 199.40 139.10 Td (an ) Tj ET Q q 0 0 0 rg BT 211.68 139.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 244.53 139.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 288.45 139.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.63 139.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 312.48 139.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.37 139.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.22 139.10 Td (as ) Tj ET Q q 0 0 0 rg BT 355.40 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.95 139.10 Td (August ) Tj ET Q q 0 0 0 rg BT 397.69 139.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 413.04 139.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 435.88 139.10 Td (under ) Tj ET Q q 0 0 0 rg BT 461.50 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.57 139.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 523.55 139.10 Td (for ) Tj ET Q q 0 0 0 rg BT 538.06 139.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.43 127.10 Td (was ) Tj ET Q q 0 0 0 rg BT 104.49 127.10 Td (received ) Tj ET Q q 0 0 0 rg BT 140.85 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.13 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.84 127.10 Td (first ) Tj ET Q q 0 0 0 rg BT 184.45 127.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 215.27 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.10 127.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 250.25 127.10 Td (2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (Thomas ) Tj ET Q q 0 0 0 rg BT 84.42 106.10 Td (D. ) Tj ET Q q 0 0 0 rg BT 96.85 106.10 Td (Klauer) Tj ET Q q 0 0 0 rg BT 123.66 106.10 Td (,Jr) Tj ET Q q 0 0 0 rg BT 135.33 106.10 Td (., ) Tj ET Q q 0 0 0 rg BT 143.03 106.10 Td (President ) Tj ET Q q 0 0 0 rg BT 182.95 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.99 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 106.10 Td (Company) Tj ET Q q 0 0 0 rg BT 250.57 106.10 Td (s ) Tj ET Q q 0 0 0 rg BT 256.57 106.10 Td (Auto ) Tj ET Q q 0 0 0 rg BT 279.28 106.10 Td (Parts ) Tj ET Q q 0 0 0 rg BT 301.98 106.10 Td (Business, ) Tj ET Q q 0 0 0 rg BT 342.75 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 352.13 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.05 106.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 385.86 106.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 435.21 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.25 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 453.39 106.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 502.19 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.89 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.26 106.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.19 106.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.52 106.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (minority ) Tj ET Q q 0 0 0 rg BT 86.10 94.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 116.58 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.51 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.11 94.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 180.25 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.19 94.10 Td (which ) Tj ET Q q 0 0 0 rg BT 216.79 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.16 94.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.21 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.03 94.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.41 94.10 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.74 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.90 94.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 346.37 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.97 94.10 Td (which ) Tj ET Q q 0 0 0 rg BT 389.56 94.10 Td (operates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.04 94.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.58 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.74 94.10 Td (self-service ) Tj ET Q q 0 0 0 rg BT 490.98 94.10 Td (stores ) Tj ET Q q 0 0 0 rg BT 516.47 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.41 94.10 Td (Northern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (California. ) Tj ET Q q 0 0 0 rg BT 95.51 82.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 107.18 82.10 Td (.Klauer) Tj ET Q q 0 0 0 rg BT 139.76 82.10 Td () Tj ET Q q 0 0 0 rg BT 142.54 82.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.40 82.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.73 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.70 82.10 Td (share ) Tj ET Q q 0 0 0 rg BT 194.77 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.07 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.26 82.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 250.34 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.64 82.10 Td (this ) Tj ET Q q 0 0 0 rg BT 279.05 82.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 327.01 82.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.19 82.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 370.16 82.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.05 82.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.52 82.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 417.49 82.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.39 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.36 82.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.76 82.10 Td ($2 ) Tj ET Q q 0 0 0 rg BT 479.73 82.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.63 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.60 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.23 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.41 82.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.95 70.10 Td (August ) Tj ET Q q 0 0 0 rg BT 108.15 70.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 123.95 70.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 149.75 70.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 173.06 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.80 70.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.80 70.10 Td (, ) Tj ET Q q 0 0 0 rg BT 216.60 70.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 264.26 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.83 70.10 Td (The ) Tj ET Q q 0 0 0 rg BT 288.68 70.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 336.96 70.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 364.15 70.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 407.43 70.10 Td (from ) Tj ET Q q 0 0 0 rg BT 430.18 70.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 462.36 70.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.44 70.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.18 70.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 512.85 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.66 70.10 Td (Klauer ) Tj ET Q q 0 0 0 rg BT 549.17 70.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 93.93 58.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 130.02 58.10 Td (under ) Tj ET Q q 0 0 0 rg BT 155.56 58.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 203.86 58.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.62 58.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 249.37 58.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.92 58.10 Td (March ) Tj ET Q q 0 0 0 rg BT 288.78 58.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.78 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.55 58.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.10 58.10 Td (options ) Tj ET Q q 0 0 0 rg BT 364.31 58.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.86 58.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 402.06 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.04 58.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 446.18 58.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 468.95 58.10 Td (expiration, ) Tj ET Q q 0 0 0 rg BT 514.76 58.10 Td (for ) Tj ET Q q 0 0 0 rg BT 529.19 58.10 Td (multiple ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (82) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 83.61 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 101.50 731.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 119.39 731.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 138.94 731.10 Td (by ) Tj ET Q q 0 0 0 rg BT 151.29 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.84 731.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 213.17 731.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.29 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.85 731.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 269.07 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.19 731.10 Td (which ) Tj ET Q q 0 0 0 rg BT 305.97 731.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 317.64 731.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.48 731.10 Td (Klauer ) Tj ET Q q 0 0 0 rg BT 352.03 731.10 Td (has ) Tj ET Q q 0 0 0 rg BT 367.70 731.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 411.70 731.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 447.37 731.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.26 731.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 477.60 731.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.50 731.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.84 731.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.96 731.10 Td (each ) Tj ET Q q 0 0 0 rg BT 539.61 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 731.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.10 719.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.92 719.10 Td (August ) Tj ET Q q 0 0 0 rg BT 130.32 719.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 145.32 719.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 170.32 719.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 192.82 719.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.75 719.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.75 719.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 698.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 80.65 698.10 Td (members ) Tj ET Q q 0 0 0 rg BT 119.03 698.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.08 698.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.02 698.10 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 182.50 698.10 Td (family ) Tj ET Q q 0 0 0 rg BT 210.32 698.10 Td (own ) Tj ET Q q 0 0 0 rg BT 229.27 698.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 273.20 698.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 308.24 698.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 320.24 698.10 Td (or ) Tj ET Q q 0 0 0 rg BT 330.29 698.10 Td (are ) Tj ET Q q 0 0 0 rg BT 344.22 698.10 Td (related ) Tj ET Q q 0 0 0 rg BT 373.14 698.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.64 698.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 413.24 698.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 425.79 698.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 456.54 698.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.26 698.10 Td (Corp ) Tj ET Q q 0 0 0 rg BT 479.98 698.10 Td (\(MMGL, ) Tj ET Q q 0 0 0 rg BT 527.52 698.10 Td (formerly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (known ) Tj ET Q q 0 0 0 rg BT 79.04 686.10 Td (as ) Tj ET Q q 0 0 0 rg BT 89.69 686.10 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 129.77 686.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 176.52 686.10 Td (Corp.\), ) Tj ET Q q 0 0 0 rg BT 207.17 686.10 Td (which ) Tj ET Q q 0 0 0 rg BT 233.93 686.10 Td (is ) Tj ET Q q 0 0 0 rg BT 242.92 686.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 278.55 686.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.65 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.18 686.10 Td (real ) Tj ET Q q 0 0 0 rg BT 320.49 686.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 345.57 686.10 Td (business ) Tj ET Q q 0 0 0 rg BT 381.78 686.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.53 686.10 Td (was ) Tj ET Q q 0 0 0 rg BT 416.40 686.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.16 686.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 466.59 686.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.24 686.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.77 686.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.98 686.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.73 686.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 674.10 Td (1989. ) Tj ET Q q 0 0 0 rg BT 75.77 674.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 106.52 674.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.29 674.10 Td (is ) Tj ET Q q 0 0 0 rg BT 120.73 674.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 167.82 674.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.03 674.10 Td (related ) Tj ET Q q 0 0 0 rg BT 207.01 674.10 Td (party ) Tj ET Q q 0 0 0 rg BT 231.33 674.10 Td (for ) Tj ET Q q 0 0 0 rg BT 246.76 674.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 285.51 674.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 325.94 674.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 367.49 674.10 Td (The ) Tj ET Q q 0 0 0 rg BT 386.81 674.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 429.47 674.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.68 674.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 478.43 674.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.20 674.10 Td (are ) Tj ET Q q 0 0 0 rg BT 498.18 674.10 Td (both ) Tj ET Q q 0 0 0 rg BT 519.73 674.10 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 662.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 98.13 662.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 127.86 662.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.72 662.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 180.12 662.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.97 662.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 227.94 662.10 Td (Harbor) Tj ET Q q 0 0 0 rg BT 255.86 662.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.44 662.10 Td (which ) Tj ET Q q 0 0 0 rg BT 288.96 662.10 Td (has ) Tj ET Q q 0 0 0 rg BT 305.37 662.10 Td (been ) Tj ET Q q 0 0 0 rg BT 327.33 662.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 373.17 662.10 Td (as ) Tj ET Q q 0 0 0 rg BT 384.58 662.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.10 662.10 Td (Superfund ) Tj ET Q q 0 0 0 rg BT 436.84 662.10 Td (site ) Tj ET Q q 0 0 0 rg BT 453.81 662.10 Td (since ) Tj ET Q q 0 0 0 rg BT 477.43 662.10 Td (December ) Tj ET Q q 0 0 0 rg BT 521.60 662.10 Td (2000. ) Tj ET Q q 0 0 0 rg BT 546.96 662.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 650.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.22 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.48 650.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 139.22 650.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.05 650.10 Td (have ) Tj ET Q q 0 0 0 rg BT 163.76 650.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 196.58 650.10 Td (together ) Tj ET Q q 0 0 0 rg BT 232.17 650.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.78 650.10 Td (response ) Tj ET Q q 0 0 0 rg BT 280.60 650.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.20 650.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 327.92 650.10 Td (Harbor ) Tj ET Q q 0 0 0 rg BT 359.07 650.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 393.83 650.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.10 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.14 650.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 467.86 650.10 Td (has ) Tj ET Q q 0 0 0 rg BT 484.02 650.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 504.06 650.10 Td (all ) Tj ET Q q 0 0 0 rg BT 516.88 650.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.04 650.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.09 650.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 638.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 638.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 112.31 638.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 131.77 638.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.78 638.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.35 638.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 184.04 638.10 Td (defense, ) Tj ET Q q 0 0 0 rg BT 220.43 638.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.57 638.10 Td (part ) Tj ET Q q 0 0 0 rg BT 250.47 638.10 Td (due ) Tj ET Q q 0 0 0 rg BT 268.26 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.39 638.10 Td (its ) Tj ET Q q 0 0 0 rg BT 292.20 638.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 353.31 638.10 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 397.21 638.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 441.12 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.25 638.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 483.00 638.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.35 638.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.48 638.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.15 638.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 638.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 626.10 Td (Portland ) Tj ET Q q 0 0 0 rg BT 86.11 626.10 Td (scrap ) Tj ET Q q 0 0 0 rg BT 109.93 626.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 134.87 626.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 179.25 626.10 Td (property) Tj ET Q q 0 0 0 rg BT 212.48 626.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.51 626.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.78 626.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.39 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.55 626.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 325.29 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 328.02 626.10 Td (have ) Tj ET Q q 0 0 0 rg BT 349.62 626.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 378.99 626.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.49 626.10 Td (an ) Tj ET Q q 0 0 0 rg BT 401.66 626.10 Td (equitable ) Tj ET Q q 0 0 0 rg BT 441.03 626.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 459.86 626.10 Td (sharing ) Tj ET Q q 0 0 0 rg BT 492.03 626.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 544.72 626.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 81.00 614.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.97 614.10 Td (defense ) Tj ET Q q 0 0 0 rg BT 125.69 614.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 148.88 614.10 Td (under ) Tj ET Q q 0 0 0 rg BT 174.84 614.10 Td (which ) Tj ET Q q 0 0 0 rg BT 202.46 614.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 233.21 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.39 614.10 Td (will ) Tj ET Q q 0 0 0 rg BT 255.14 614.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.76 614.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.09 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.28 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.80 614.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.20 614.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 343.82 614.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.45 614.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 406.30 614.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 431.99 614.10 Td (net ) Tj ET Q q 0 0 0 rg BT 447.39 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.91 614.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 500.41 614.10 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 546.96 614.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 85.78 602.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 129.26 602.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.10 602.10 Td (\(payable ) Tj ET Q q 0 0 0 rg BT 187.92 602.10 Td (to\) ) Tj ET Q q 0 0 0 rg BT 201.42 602.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 232.17 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.56 602.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 254.73 602.10 Td (from ) Tj ET Q q 0 0 0 rg BT 276.57 602.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 344.50 602.10 Td (because ) Tj ET Q q 0 0 0 rg BT 378.54 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.27 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.88 602.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 432.39 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.12 602.10 Td (incurring ) Tj ET Q q 0 0 0 rg BT 482.17 602.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 504.00 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.84 602.10 Td (consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 70.93 590.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 112.09 590.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.59 590.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 145.53 590.10 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 212.24 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.51 590.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 270.66 590.10 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 316.45 590.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 355.96 590.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 399.87 590.10 Td (from ) Tj ET Q q 0 0 0 rg BT 422.14 590.10 Td (MMGL) Tj ET Q q 0 0 0 rg BT 452.89 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.72 590.10 Td (under ) Tj ET Q q 0 0 0 rg BT 481.32 590.10 Td (this ) Tj ET Q q 0 0 0 rg BT 498.61 590.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 543.08 590.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 62.00 578.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.89 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.39 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.33 578.10 Td (less ) Tj ET Q q 0 0 0 rg BT 127.83 578.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.55 578.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 160.05 578.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.94 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.44 578.10 Td (as ) Tj ET Q q 0 0 0 rg BT 202.27 578.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.55 578.10 Td (August ) Tj ET Q q 0 0 0 rg BT 243.94 578.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 258.94 578.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 281.44 578.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.38 578.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.38 578.10 Td (, ) Tj ET Q q 0 0 0 rg BT 323.38 578.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 371.04 578.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (Note 21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.99 554.10 Td ( Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 533.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 113.93 533.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 154.21 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.37 533.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 207.53 533.10 Td (information ) Tj ET Q q 0 0 0 rg BT 257.25 533.10 Td (about ) Tj ET Q q 0 0 0 rg BT 281.98 533.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 322.25 533.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 361.97 533.10 Td (define ) Tj ET Q q 0 0 0 rg BT 389.46 533.10 Td (an ) Tj ET Q q 0 0 0 rg BT 401.41 533.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.68 533.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 477.51 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.34 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.29 533.10 Td (component ) Tj ET Q q 0 0 0 rg BT 542.23 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.06 533.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 92.03 521.10 Td (that ) Tj ET Q q 0 0 0 rg BT 110.14 521.10 Td (engages ) Tj ET Q q 0 0 0 rg BT 145.45 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.34 521.10 Td (business ) Tj ET Q q 0 0 0 rg BT 193.34 521.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 232.55 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 255.10 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 282.65 521.10 Td (it ) Tj ET Q q 0 0 0 rg BT 291.31 521.10 Td (may ) Tj ET Q q 0 0 0 rg BT 311.64 521.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 331.96 521.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 370.60 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.15 521.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 411.81 521.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 451.01 521.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.78 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 493.33 521.10 Td (discrete ) Tj ET Q q 0 0 0 rg BT 527.53 521.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (information ) Tj ET Q q 0 0 0 rg BT 99.64 509.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.23 509.10 Td (available ) Tj ET Q q 0 0 0 rg BT 148.24 509.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.16 509.10 Td (is ) Tj ET Q q 0 0 0 rg BT 175.75 509.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 216.99 509.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 256.01 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 268.93 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.07 509.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 306.98 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 347.67 509.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 383.92 509.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 411.83 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.53 509.10 Td (deciding ) Tj ET Q q 0 0 0 rg BT 459.89 509.10 Td (how ) Tj ET Q q 0 0 0 rg BT 480.03 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.73 509.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 524.75 509.10 Td (resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.72 497.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 117.94 497.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 173.74 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 192.29 497.10 Td (Company) Tj ET Q q 0 0 0 rg BT 233.95 497.10 Td (s ) Tj ET Q q 0 0 0 rg BT 240.84 497.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 263.83 497.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 304.59 497.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 340.92 497.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 368.90 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 378.57 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.79 497.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 419.00 497.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 461.98 497.10 Td (Of) Tj ET Q q 0 0 0 rg BT 472.36 497.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 490.12 497.10 Td (. ) Tj ET Q q 0 0 0 rg BT 495.40 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.95 497.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 555.83 497.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (or) Tj ET Q q 0 0 0 rg BT 57.65 485.10 Td (ganized ) Tj ET Q q 0 0 0 rg BT 90.43 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 102.13 485.10 Td (line ) Tj ET Q q 0 0 0 rg BT 118.81 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.83 485.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 166.79 485.10 Td (While ) Tj ET Q q 0 0 0 rg BT 192.92 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.82 485.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 230.73 485.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 272.40 485.10 Td (Of) Tj ET Q q 0 0 0 rg BT 282.77 485.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 302.78 485.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 341.67 485.10 Td (results ) Tj ET Q q 0 0 0 rg BT 369.47 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.94 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.07 485.10 Td (number ) Tj ET Q q 0 0 0 rg BT 417.31 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.33 485.10 Td (dif) Tj ET Q q 0 0 0 rg BT 438.26 485.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 463.26 485.10 Td (ways, ) Tj ET Q q 0 0 0 rg BT 488.01 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.92 485.10 Td (line ) Tj ET Q q 0 0 0 rg BT 518.60 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.62 485.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.99 473.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 142.38 473.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.45 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.07 473.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 203.13 473.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 226.53 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.59 473.10 Td (which ) Tj ET Q q 0 0 0 rg BT 269.43 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.05 473.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 327.88 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.62 473.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 380.78 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.62 473.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.00 473.10 Td (results ) Tj ET Q q 0 0 0 rg BT 466.51 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.12 473.10 Td (assessed. ) Tj ET Q q 0 0 0 rg BT 521.91 473.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 550.30 473.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (aforementioned ) Tj ET Q q 0 0 0 rg BT 114.20 461.10 Td (criteria, ) Tj ET Q q 0 0 0 rg BT 146.97 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.14 461.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.98 461.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 237.24 461.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.98 461.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.96 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.91 461.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 308.63 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.02 461.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 363.63 461.10 Td (segments: ) Tj ET Q q 0 0 0 rg BT 405.58 461.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 429.74 461.10 Td (purchasing, ) Tj ET Q q 0 0 0 rg BT 478.07 461.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 525.30 461.10 Td (recycling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.53 449.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 93.79 449.10 Td (\(MRB\), ) Tj ET Q q 0 0 0 rg BT 126.78 449.10 Td (used ) Tj ET Q q 0 0 0 rg BT 146.71 449.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 165.52 449.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 186.55 449.10 Td (\(APB\) ) Tj ET Q q 0 0 0 rg BT 214.26 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.30 449.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 269.67 449.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 289.59 449.10 Td (manufacturing ) Tj ET Q q 0 0 0 rg BT 349.50 449.10 Td (\(SMB\). ) Tj ET Q q 0 0 0 rg BT 381.03 449.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 430.93 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 435.02 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.84 449.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.32 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.58 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.62 449.10 Td (noncontrolling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 80.32 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 90.59 437.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 111.43 437.10 Td (ventures, ) Tj ET Q q 0 0 0 rg BT 150.31 437.10 Td (which ) Tj ET Q q 0 0 0 rg BT 177.24 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.95 437.10 Td (either ) Tj ET Q q 0 0 0 rg BT 217.21 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.49 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.21 437.10 Td (metals ) Tj ET Q q 0 0 0 rg BT 270.81 437.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 310.52 437.10 Td (business ) Tj ET Q q 0 0 0 rg BT 346.91 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 357.74 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 372.44 437.10 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 411.05 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.88 437.10 Td (unprocessed ) Tj ET Q q 0 0 0 rg BT 473.81 437.10 Td (metal. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 73.39 416.10 Td (buys ) Tj ET Q q 0 0 0 rg BT 93.94 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.03 416.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 150.01 416.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 179.99 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.09 416.10 Td (nonferrous ) Tj ET Q q 0 0 0 rg BT 241.06 416.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 264.93 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 278.25 416.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 295.46 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.89 416.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 335.43 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.52 416.10 Td (other ) Tj ET Q q 0 0 0 rg BT 373.73 416.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 411.49 416.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 431.47 416.10 Td (producers ) Tj ET Q q 0 0 0 rg BT 472.56 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 482.55 416.10 Td (their ) Tj ET Q q 0 0 0 rg BT 502.53 416.10 Td (representatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.72 404.10 Td (SMB. ) Tj ET Q q 0 0 0 rg BT 102.84 404.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 127.57 404.10 Td (also ) Tj ET Q q 0 0 0 rg BT 146.18 404.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 188.11 404.10 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 218.93 404.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 243.64 404.10 Td (from ) Tj ET Q q 0 0 0 rg BT 265.58 404.10 Td (other ) Tj ET Q q 0 0 0 rg BT 288.63 404.10 Td (processors ) Tj ET Q q 0 0 0 rg BT 333.34 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.50 404.10 Td (shipment ) Tj ET Q q 0 0 0 rg BT 386.66 404.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 419.71 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.98 404.10 Td (SMB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 71.69 383.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 113.85 383.10 Td (used ) Tj ET Q q 0 0 0 rg BT 134.91 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.08 383.10 Td (salvaged ) Tj ET Q q 0 0 0 rg BT 189.80 383.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 227.80 383.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 248.31 383.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 270.48 383.10 Td (from ) Tj ET Q q 0 0 0 rg BT 292.66 383.10 Td (those ) Tj ET Q q 0 0 0 rg BT 316.50 383.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 351.99 383.10 Td (through ) Tj ET Q q 0 0 0 rg BT 385.84 383.10 Td (its ) Tj ET Q q 0 0 0 rg BT 398.02 383.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 421.29 383.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 458.46 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.63 383.10 Td (wholesale ) Tj ET Q q 0 0 0 rg BT 518.35 383.10 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 371.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 86.72 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.43 371.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 144.48 371.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 175.86 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.69 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.41 371.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 236.67 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.95 371.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 271.66 371.10 Td (recyclers, ) Tj ET Q q 0 0 0 rg BT 312.75 371.10 Td (including ) Tj ET Q q 0 0 0 rg BT 353.02 371.10 Td (MRB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 72.66 350.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 108.01 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 114.48 350.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 134.84 350.10 Td (mini-mill ) Tj ET Q q 0 0 0 rg BT 174.65 350.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.68 350.10 Td (produces ) Tj ET Q q 0 0 0 rg BT 229.81 350.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.28 350.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 257.75 350.10 Td (range ) Tj ET Q q 0 0 0 rg BT 282.00 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.36 350.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 326.61 350.10 Td (steel ) Tj ET Q q 0 0 0 rg BT 346.97 350.10 Td (products ) Tj ET Q q 0 0 0 rg BT 383.44 350.10 Td (using ) Tj ET Q q 0 0 0 rg BT 407.14 350.10 Td (recycled ) Tj ET Q q 0 0 0 rg BT 443.04 350.10 Td (metal ) Tj ET Q q 0 0 0 rg BT 467.29 350.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.76 350.10 Td (other ) Tj ET Q q 0 0 0 rg BT 506.34 350.10 Td (raw ) Tj ET Q q 0 0 0 rg BT 523.36 350.10 Td (materials.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Intersegment ) Tj ET Q q 0 0 0 rg BT 103.82 329.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 125.38 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 146.94 329.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 171.30 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.20 329.10 Td (SMB ) Tj ET Q q 0 0 0 rg BT 204.44 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.77 329.10 Td (made ) Tj ET Q q 0 0 0 rg BT 242.55 329.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.89 329.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 272.88 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 290.00 329.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 342.10 329.10 Td (export ) Tj ET Q q 0 0 0 rg BT 369.77 329.10 Td (market ) Tj ET Q q 0 0 0 rg BT 399.66 329.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 425.65 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.44 329.10 Td (shipments ) Tj ET Q q 0 0 0 rg BT 482.11 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 503.67 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.86 329.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.50 329.10 Td (est ) Tj ET Q q 0 0 0 rg BT 539.73 329.10 Td (Coast ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.73 317.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 96.35 317.10 Td (In ) Tj ET Q q 0 0 0 rg BT 107.52 317.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 145.63 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.69 317.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.41 317.10 Td (has ) Tj ET Q q 0 0 0 rg BT 218.58 317.10 Td (intersegment ) Tj ET Q q 0 0 0 rg BT 273.07 317.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 295.35 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.52 317.10 Td (autobodies ) Tj ET Q q 0 0 0 rg BT 352.68 317.10 Td (from ) Tj ET Q q 0 0 0 rg BT 374.33 317.10 Td (APB ) Tj ET Q q 0 0 0 rg BT 396.63 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.25 317.10 Td (MRB ) Tj ET Q q 0 0 0 rg BT 432.32 317.10 Td (at ) Tj ET Q q 0 0 0 rg BT 442.37 317.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 464.09 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 481.92 317.10 Td (approximate ) Tj ET Q q 0 0 0 rg BT 534.74 317.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 78.47 305.10 Td (These ) Tj ET Q q 0 0 0 rg BT 105.15 305.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 162.92 305.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 185.16 305.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 205.17 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.75 305.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 250.75 305.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 308.53 305.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 337.43 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 364.67 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.67 305.10 Td (not ) Tj ET Q q 0 0 0 rg BT 395.25 305.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 441.91 305.10 Td (until ) Tj ET Q q 0 0 0 rg BT 463.04 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.05 305.10 Td (finished ) Tj ET Q q 0 0 0 rg BT 513.07 305.10 Td (products ) Tj ET Q q 0 0 0 rg BT 550.30 305.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 92.55 293.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 111.72 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.00 293.10 Td (third ) Tj ET Q q 0 0 0 rg BT 143.38 293.10 Td (parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.29 272.10 Td (information ) Tj ET Q q 0 0 0 rg BT 116.74 272.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 154.53 272.10 Td (below ) Tj ET Q q 0 0 0 rg BT 181.21 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.13 272.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 226.80 272.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.48 272.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 281.27 272.10 Td (information ) Tj ET Q q 0 0 0 rg BT 330.72 272.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.96 272.10 Td (is ) Tj ET Q q 0 0 0 rg BT 356.87 272.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 394.66 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.69 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.14 272.10 Td (Company) Tj ET Q q 0 0 0 rg BT 460.81 272.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.94 272.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 489.17 272.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 529.18 272.10 Td (decision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 78.50 260.10 Td (for ) Tj ET Q q 0 0 0 rg BT 94.18 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.41 260.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 146.09 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.44 260.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 200.21 260.10 Td (management. ) Tj ET Q q 0 0 0 rg BT 257.52 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 277.09 260.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 319.99 260.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 341.23 260.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 378.57 260.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 420.35 260.10 Td (income ) Tj ET Q q 0 0 0 rg BT 453.81 260.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 480.04 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.84 260.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 529.17 260.10 Td (segment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 105.12 248.10 Td (The ) Tj ET Q q 0 0 0 rg BT 123.47 248.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 165.15 248.10 Td (does ) Tj ET Q q 0 0 0 rg BT 186.28 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 201.86 248.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 235.75 248.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 276.30 248.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 308.53 248.10 Td (income ) Tj ET Q q 0 0 0 rg BT 340.77 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.00 248.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 395.51 248.10 Td (income ) Tj ET Q q 0 0 0 rg BT 427.74 248.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 453.59 248.10 Td (other ) Tj ET Q q 0 0 0 rg BT 476.94 248.10 Td (income ) Tj ET Q q 0 0 0 rg BT 509.17 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 526.41 248.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.33 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.73 236.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 130.10 236.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 162.72 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 173.67 236.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 214.05 236.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 248.88 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 263.16 236.10 Td (management ) Tj ET Q q 0 0 0 rg BT 316.88 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.94 236.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 393.77 236.10 Td (services ) Tj ET Q q 0 0 0 rg BT 428.60 236.10 Td (that ) Tj ET Q q 0 0 0 rg BT 446.22 236.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 476.61 236.10 Td (all ) Tj ET Q q 0 0 0 rg BT 489.22 236.10 Td (three ) Tj ET Q q 0 0 0 rg BT 511.83 236.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 554.17 236.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.11 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.66 224.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 142.89 224.10 Td (does ) Tj ET Q q 0 0 0 rg BT 163.55 224.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.67 224.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 212.09 224.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 265.52 224.10 Td (char) Tj ET Q q 0 0 0 rg BT 282.55 224.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 298.22 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.99 224.10 Td (other ) Tj ET Q q 0 0 0 rg BT 337.87 224.10 Td (exit-related ) Tj ET Q q 0 0 0 rg BT 385.74 224.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 408.07 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.19 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.74 224.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 468.40 224.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 508.50 224.10 Td (income ) Tj ET Q q 0 0 0 rg BT 540.27 224.10 Td (\(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (because ) Tj ET Q q 0 0 0 rg BT 83.21 212.10 Td (management ) Tj ET Q q 0 0 0 rg BT 136.37 212.10 Td (does ) Tj ET Q q 0 0 0 rg BT 156.76 212.10 Td (not ) Tj ET Q q 0 0 0 rg BT 171.60 212.10 Td (include ) Tj ET Q q 0 0 0 rg BT 203.10 212.10 Td (this ) Tj ET Q q 0 0 0 rg BT 219.62 212.10 Td (information ) Tj ET Q q 0 0 0 rg BT 268.89 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.74 212.10 Td (its ) Tj ET Q q 0 0 0 rg BT 290.25 212.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 345.63 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.02 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.31 212.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 422.89 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.29 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.57 212.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 487.40 212.10 Td (segments. ) Tj ET Q q 0 0 0 rg BT 529.18 212.10 Td (Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.47 200.10 Td (this ) Tj ET Q q 0 0 0 rg BT 75.57 200.10 Td (unallocated ) Tj ET Q q 0 0 0 rg BT 123.30 200.10 Td (income ) Tj ET Q q 0 0 0 rg BT 154.38 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.46 200.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 206.81 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.67 200.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.08 200.10 Td (income ) Tj ET Q q 0 0 0 rg BT 291.16 200.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 315.03 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.00 200.10 Td (each ) Tj ET Q q 0 0 0 rg BT 344.96 200.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 383.26 200.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 418.23 200.10 Td (does ) Tj ET Q q 0 0 0 rg BT 438.21 200.10 Td (not ) Tj ET Q q 0 0 0 rg BT 452.63 200.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 479.81 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.67 200.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 533.08 200.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 73.83 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.15 188.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.91 188.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 162.34 188.10 Td (would ) Tj ET Q q 0 0 0 rg BT 189.44 188.10 Td (report ) Tj ET Q q 0 0 0 rg BT 215.42 188.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.86 188.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.40 188.10 Td (stand-alone ) Tj ET Q q 0 0 0 rg BT 280.60 188.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 318.63 188.10 Td (All ) Tj ET Q q 0 0 0 rg BT 333.51 188.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 369.50 188.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 409.92 188.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 443.12 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.44 188.10 Td (results ) Tj ET Q q 0 0 0 rg BT 485.66 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 496.09 188.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 539.85 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 188.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 176.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.56 176.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 151.16 176.10 Td (full-service ) Tj ET Q q 0 0 0 rg BT 199.19 176.10 Td (used ) Tj ET Q q 0 0 0 rg BT 220.02 176.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 239.74 176.10 Td (parts ) Tj ET Q q 0 0 0 rg BT 261.68 176.10 Td (operation.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (83) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 108.93 731.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.10 731.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.04 731.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 164.76 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.59 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.31 731.10 Td (Company) Tj ET Q q 0 0 0 rg BT 231.97 731.10 Td (s ) Tj ET Q q 0 0 0 rg BT 238.36 731.10 Td (total ) Tj ET Q q 0 0 0 rg BT 258.64 731.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.47 731.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.30 731.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.57 731.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 349.47 731.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 363.07 731.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 697.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 697.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 697.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 667.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 667.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 667.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 637.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 637.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 637.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 607.60 369.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.00 607.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.00 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 607.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 697.6 m 489 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 697.6 m 563 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 637.6 m 489 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 637.6 m 563 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 607.6 m 489 607.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 607.6 m 563 607.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 592.6 m 489 592.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 592.6 m 563 592.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 592.6 m 489 592.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 419 577.6 m 489 577.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 592.6 m 563 592.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 493 577.6 m 563 577.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 702.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.50 702.28 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 688.17 Td (Total assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 672.27 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 166.82 676.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 672.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 672.27 Td (1,343,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 672.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 672.27 Td (1,316,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 658.17 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 657.27 Td (361,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 657.27 Td (359,977) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 643.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 642.27 Td (350,344) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 642.27 Td (330,282) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 628.17 Td (Total segment assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 627.27 Td (2,055,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 627.27 Td (2,006,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 613.17 Td (Corporate and eliminations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.30 612.32 Td (\(700,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.15 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 612.32 Td (\(600,949) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 598.17 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 597.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.15 597.27 Td (1,355,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 597.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 597.27 Td (1,405,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.17 Td (Property) Tj ET Q q 0 0 0 rg BT 86.29 583.17 Td (, plant and equipment, net) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 190.15 587.70 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.65 582.27 Td (523,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.50 582.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 582.27 Td (564,426) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 550.50 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 550.50 Td (MRB ) Tj ET Q q 0 0 0 rg BT 87.29 550.50 Td (total ) Tj ET Q q 0 0 0 rg BT 103.50 550.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 124.17 550.50 Td (include ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 149.71 550.50 Td ($15 ) Tj ET Q q 0 0 0 rg BT 163.71 550.50 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.83 550.50 Td ( ) Tj ET Q q 0 0 0 rg BT 188.83 550.50 Td (as ) Tj ET Q q 0 0 0 rg BT 197.49 550.50 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.71 550.50 Td (August ) Tj ET Q q 0 0 0 rg BT 230.83 550.50 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.83 550.50 Td (2014 ) Tj ET Q q 0 0 0 rg BT 260.83 550.50 Td (and ) Tj ET Q q 0 0 0 rg BT 274.38 550.50 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.38 550.50 Td (, ) Tj ET Q q 0 0 0 rg BT 294.38 550.50 Td (for ) Tj ET Q q 0 0 0 rg BT 305.71 550.50 Td (investments ) Tj ET Q q 0 0 0 rg BT 345.93 550.50 Td (in ) Tj ET Q q 0 0 0 rg BT 354.15 550.50 Td (joint ) Tj ET Q q 0 0 0 rg BT 370.82 550.50 Td (venture ) Tj ET Q q 0 0 0 rg BT 396.80 550.50 Td (partnerships.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 534.90 Td (\(2\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 534.90 Td (Property) Tj ET Q q 0 0 0 rg BT 94.53 534.90 Td (, ) Tj ET Q q 0 0 0 rg BT 98.53 534.90 Td (plant ) Tj ET Q q 0 0 0 rg BT 116.53 534.90 Td (and ) Tj ET Q q 0 0 0 rg BT 130.08 534.90 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 167.85 534.90 Td (net ) Tj ET Q q 0 0 0 rg BT 179.62 534.90 Td (includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.28 534.90 Td ($75 ) Tj ET Q q 0 0 0 rg BT 222.28 534.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.39 534.90 Td ( ) Tj ET Q q 0 0 0 rg BT 247.39 534.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.95 534.90 Td ($85 ) Tj ET Q q 0 0 0 rg BT 274.95 534.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.06 534.90 Td ( ) Tj ET Q q 0 0 0 rg BT 300.06 534.90 Td (as ) Tj ET Q q 0 0 0 rg BT 308.72 534.90 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.95 534.90 Td (August ) Tj ET Q q 0 0 0 rg BT 342.06 534.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 354.06 534.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 372.06 534.90 Td (and ) Tj ET Q q 0 0 0 rg BT 385.61 534.90 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.61 534.90 Td (, ) Tj ET Q q 0 0 0 rg BT 405.61 534.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 443.74 534.90 Td (, ) Tj ET Q q 0 0 0 rg BT 447.74 534.90 Td (at ) Tj ET Q q 0 0 0 rg BT 455.51 534.90 Td (our ) Tj ET Q q 0 0 0 rg BT 468.18 534.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 500.39 534.90 Td (locations.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (84) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 731.10 Td (table ) Tj ET Q q 0 0 0 rg BT 89.48 731.10 Td (below ) Tj ET Q q 0 0 0 rg BT 116.42 731.10 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 157.80 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.52 731.10 Td (Company) Tj ET Q q 0 0 0 rg BT 214.18 731.10 Td (s ) Tj ET Q q 0 0 0 rg BT 220.57 731.10 Td (results ) Tj ET Q q 0 0 0 rg BT 249.18 731.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.68 731.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 300.84 731.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 336.66 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 350.82 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.54 731.10 Td (years ) Tj ET Q q 0 0 0 rg BT 389.14 731.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 414.96 731.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 458.86 731.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 472.46 731.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 697.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 697.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 697.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 697.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 697.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 667.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 667.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 667.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 667.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 667.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 637.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 637.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 637.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 637.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 637.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 607.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 607.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 607.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 607.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 607.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 577.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 577.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 577.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 577.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 577.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 547.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 547.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 547.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 547.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 547.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 517.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 517.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 517.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 517.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 517.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 487.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 487.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 487.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 487.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 487.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 457.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 457.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 457.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 457.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 457.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 427.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 427.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 427.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 427.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 427.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 397.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 397.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 397.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 397.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 397.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 367.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 367.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 367.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 367.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 337.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 337.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 337.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 337.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 297.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 297.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 297.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 297.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 297.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 267.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 267.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 267.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 267.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 267.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 267.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 237.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 237.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 237.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 237.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 207.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 207.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 207.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 207.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 207.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 177.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 177.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 177.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 177.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 177.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 697.6 m 414 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 697.6 m 488 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 697.6 m 562 697.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 652.6 m 414 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 652.6 m 488 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 652.6 m 562 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 652.6 m 414 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 637.6 m 414 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 652.6 m 488 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 637.6 m 488 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 652.6 m 562 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 637.6 m 562 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 592.6 m 414 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 592.6 m 488 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 592.6 m 562 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 592.6 m 414 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 577.6 m 414 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 592.6 m 488 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 577.6 m 488 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 592.6 m 562 592.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 577.6 m 562 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 562.6 m 414 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 562.6 m 488 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 562.6 m 562 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 562.6 m 414 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 547.6 m 414 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 562.6 m 488 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 547.6 m 488 547.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 562.6 m 562 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 547.6 m 562 547.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 532.6 m 414 532.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 532.6 m 488 532.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 532.6 m 562 532.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 472.6 m 414 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 472.6 m 488 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 472.6 m 562 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 442.6 m 414 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 442.6 m 488 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 442.6 m 562 442.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 427.6 m 414 427.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 427.6 m 488 427.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 427.6 m 562 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 367.6 m 414 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 367.6 m 488 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 367.6 m 562 367.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 337.6 m 414 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 337.6 m 488 337.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 337.6 m 562 337.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 322.6 m 414 322.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 322.6 m 488 322.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 322.6 m 562 322.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 322.6 m 414 322.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 252.60000000000002 m 414 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 252.60000000000002 m 488 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 252.60000000000002 m 562 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 207.60000000000002 m 414 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 207.60000000000002 m 488 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 207.60000000000002 m 562 207.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 162.60000000000002 m 414 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 162.60000000000002 m 488 162.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 162.60000000000002 m 562 162.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 147.60000000000002 m 414 147.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 147.60000000000002 m 488 147.60000000000002 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 147.60000000000002 m 562 147.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.50 702.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 702.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.50 702.28 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 688.17 Td (Metals Recycling Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 673.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 672.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 672.27 Td (2,102,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 672.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 672.27 Td (2,210,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 672.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 672.27 Td (2,948,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 658.17 Td (Less: Intersegment revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.30 657.32 Td (\(188,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 657.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 657.32 Td (\(178,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 657.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 657.32 Td (\(183,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 657.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 643.17 Td (MRB external customer revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 642.27 Td (1,914,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 642.27 Td (2,032,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 642.27 Td (2,764,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.27 Td (Auto Parts Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 613.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 612.27 Td (327,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 612.27 Td (313,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 612.27 Td (316,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 598.17 Td (Less: Intersegment revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.30 597.32 Td (\(87,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 597.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 597.32 Td (\(75,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 597.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 597.32 Td (\(73,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 597.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 583.17 Td (APB external customer revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 582.27 Td (240,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 582.27 Td (237,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 582.27 Td (242,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 567.27 Td (Steel Manufacturing Business:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 553.17 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 552.27 Td (388,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 552.27 Td (352,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 552.27 Td (333,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.50 538.17 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 537.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 537.27 Td (2,543,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 537.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 537.27 Td (2,621,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 537.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 537.27 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 523.17 Td (Depreciation and amortization:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 508.17 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 507.27 Td (56,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 507.27 Td (58,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 507.27 Td (57,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 493.17 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 492.27 Td (11,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 492.27 Td (11,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 492.27 Td (10,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 478.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 477.27 Td (8,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 477.27 Td (9,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 477.27 Td (9,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 463.17 Td (Segment depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 462.27 Td (76,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 462.27 Td (79,829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 462.27 Td (78,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 448.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 447.27 Td (2,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 447.27 Td (3,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 447.27 Td (4,045) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 433.17 Td (Total depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 432.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 432.27 Td (79,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 432.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 432.27 Td (83,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 432.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 432.27 Td (82,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 418.17 Td (Capital expenditures:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 403.17 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 402.27 Td (16,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 402.27 Td (61,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 402.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 402.27 Td (60,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 388.17 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 387.27 Td (12,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 387.27 Td (12,769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 387.27 Td (7,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 373.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 372.27 Td (5,379) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 372.27 Td (7,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 372.27 Td (5,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 358.17 Td (Segment capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 357.27 Td (34,660) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 357.27 Td (82,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 357.27 Td (73,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 343.17 Td (Corporate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 342.27 Td (4,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 342.27 Td (8,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 342.27 Td (5,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 328.17 Td (Total capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 327.27 Td (39,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 327.27 Td (90,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 327.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 327.27 Td (78,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 313.17 Td (Reconciliation of the Companys segment operating income \(loss\) to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 303.17 Td (income \(loss\) from continuing operations before income taxes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 287.27 Td (Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 160.82 291.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 287.27 Td (30,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 287.32 Td (\(311,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 287.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 287.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 287.27 Td (63,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 273.17 Td (Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 272.27 Td (21,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 272.27 Td (24,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 272.27 Td (33,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 258.17 Td (Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 257.27 Td (18,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 257.27 Td (6,541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 257.32 Td (\(2,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 257.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 243.17 Td (Segment operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 242.27 Td (70,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 242.32 Td (\(280,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 242.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 242.27 Td (95,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 228.17 Td (Restructuring charges and other exit-related costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 227.32 Td (\(6,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 227.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 227.32 Td (\(7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 227.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.30 227.32 Td (\(5,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 227.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 213.17 Td (Corporate and eliminations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.30 212.32 Td (\(42,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 212.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 212.32 Td (\(39,414) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 212.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 212.32 Td (\(36,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 212.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 198.17 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 197.27 Td (20,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 197.32 Td (\(327,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 197.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 197.27 Td (53,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 183.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.30 182.32 Td (\(10,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 182.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 182.32 Td (\(9,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 182.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 182.32 Td (\(11,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 182.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 168.17 Td (Other income, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 167.27 Td (1,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 167.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 167.27 Td (1,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 153.17 Td (Income \(loss\) from continuing operations before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 152.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 152.27 Td (10,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 152.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.30 152.32 Td (\(337,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 152.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 152.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 152.27 Td (42,956) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 138.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 122.90 Td (MRB ) Tj ET Q q 0 0 0 rg BT 86.88 122.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 118.70 122.90 Td (income ) Tj ET Q q 0 0 0 rg BT 143.84 122.90 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 163.22 122.90 Td (includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.48 122.90 Td ($1 ) Tj ET Q q 0 0 0 rg BT 201.08 122.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.19 122.90 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.79 122.90 Td ($1 ) Tj ET Q q 0 0 0 rg BT 237.39 122.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.50 122.90 Td ( ) Tj ET Q q 0 0 0 rg BT 262.10 122.90 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 122.90 Td ($2 ) Tj ET Q q 0 0 0 rg BT 284.85 122.90 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.97 122.90 Td ( ) Tj ET Q q 0 0 0 rg BT 309.57 122.90 Td (in ) Tj ET Q q 0 0 0 rg BT 317.39 122.90 Td (income ) Tj ET Q q 0 0 0 rg BT 342.54 122.90 Td (from ) Tj ET Q q 0 0 0 rg BT 359.69 122.90 Td (joint ) Tj ET Q q 0 0 0 rg BT 375.95 122.90 Td (ventures ) Tj ET Q q 0 0 0 rg BT 404.65 122.90 Td (accounted ) Tj ET Q q 0 0 0 rg BT 438.68 122.90 Td (for ) Tj ET Q q 0 0 0 rg BT 449.61 122.90 Td (by ) Tj ET Q q 0 0 0 rg BT 459.21 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 470.58 122.90 Td (equity ) Tj ET Q q 0 0 0 rg BT 492.18 122.90 Td (method ) Tj ET Q q 0 0 0 rg BT 517.77 122.90 Td (in ) Tj ET Q q 0 0 0 rg BT 525.59 122.90 Td (fiscal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.52 122.90 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 560.52 122.90 Td (, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 113.30 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 83.50 113.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.16 113.30 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 98.37 113.30 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 114.37 113.30 Td (, ) Tj ET Q q 0 0 0 rg BT 118.02 113.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 156.15 113.30 Td (. ) Tj ET Q q 0 0 0 rg BT 159.69 113.30 Td (The ) Tj ET Q q 0 0 0 rg BT 173.78 113.30 Td (MRB ) Tj ET Q q 0 0 0 rg BT 193.23 113.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 225.09 113.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 239.20 113.30 Td (for ) Tj ET Q q 0 0 0 rg BT 250.19 113.30 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 269.17 113.30 Td (2013 ) Tj ET Q q 0 0 0 rg BT 286.82 113.30 Td (also ) Tj ET Q q 0 0 0 rg BT 301.37 113.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 329.69 113.30 Td (a ) Tj ET Q q 0 0 0 rg BT 334.89 113.30 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 365.00 113.30 Td (impairment ) Tj ET Q q 0 0 0 rg BT 403.53 113.30 Td (char) Tj ET Q q 0 0 0 rg BT 417.15 113.30 Td (ge ) Tj ET Q q 0 0 0 rg BT 426.36 113.30 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.68 113.30 Td ($321 ) Tj ET Q q 0 0 0 rg BT 452.34 113.30 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.45 113.30 Td ( ) Tj ET Q q 0 0 0 rg BT 477.11 113.30 Td (and ) Tj ET Q q 0 0 0 rg BT 490.32 113.30 Td (other ) Tj ET Q q 0 0 0 rg BT 508.41 113.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 525.62 113.30 Td (impairment ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 103.70 Td (char) Tj ET Q q 0 0 0 rg BT 81.12 103.70 Td (ges ) Tj ET Q q 0 0 0 rg BT 93.79 103.70 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 102.45 103.70 Td ($13 ) Tj ET Q q 0 0 0 rg BT 116.45 103.70 Td (million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 139.56 103.70 Td (.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 175 0 obj <>] /Rotate 0 /Contents 176 0 R>> endobj 176 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (85) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 731.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.61 731.10 Td (following ) Tj ET Q q 0 0 0 rg BT 109.06 731.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 147.17 731.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.17 731.10 Td (external ) Tj ET Q q 0 0 0 rg BT 203.94 731.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 247.05 731.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.82 731.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 302.70 731.10 Td (based ) Tj ET Q q 0 0 0 rg BT 328.03 731.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.60 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.38 731.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 377.38 731.10 Td (destination ) Tj ET Q q 0 0 0 rg BT 423.83 731.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.83 731.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.40 731.10 Td (major ) Tj ET Q q 0 0 0 rg BT 479.29 731.10 Td (product ) Tj ET Q q 0 0 0 rg BT 512.40 731.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.63 731.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.41 731.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 719.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.33 719.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 119.22 719.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 132.83 719.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 685.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 685.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 685.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 685.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 685.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 655.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 655.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 655.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 655.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 625.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 625.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 625.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 625.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 595.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 595.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 595.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 595.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 565.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 565.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 565.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 565.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 535.60 294.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.00 535.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 535.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.00 535.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 685.6 m 414 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 685.6 m 488 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 685.6 m 562 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 685.6 m 414 685.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 640.6 m 414 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 640.6 m 488 640.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 640.6 m 562 640.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 625.6 m 414 625.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 625.6 m 488 625.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 625.6 m 562 625.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 520.6 m 414 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418 520.6 m 488 520.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492 520.6 m 562 520.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 344 505.6 m 414 505.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418 505.6 m 488 505.6 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 492 505.6 m 562 505.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.50 690.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.50 690.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.50 690.28 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 676.17 Td (Revenues based on sales destination:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 661.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 660.27 Td (1,473,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 660.27 Td (1,657,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 660.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 660.27 Td (2,284,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 646.17 Td (Domestic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 645.27 Td (1,070,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 645.27 Td (964,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 645.27 Td (1,056,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.17 Td (Total revenues from external customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 630.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 630.27 Td (2,543,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 630.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 630.27 Td (2,621,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 630.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 630.27 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 601.17 Td (Major product information:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 586.17 Td (Ferrous scrap metal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 585.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 585.27 Td (1,394,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 585.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 585.27 Td (1,500,115) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 585.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 585.27 Td (2,117,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 571.17 Td (Nonferrous scrap metal and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 570.27 Td (520,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 570.27 Td (532,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 570.27 Td (647,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 556.17 Td (Auto parts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 555.27 Td (240,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 555.27 Td (237,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 555.27 Td (242,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 541.17 Td (Finished steel products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 540.27 Td (377,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 540.27 Td (346,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 540.27 Td (332,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 526.17 Td (Semi-finished steel products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 525.27 Td (10,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 525.27 Td (5,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 525.27 Td (508) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 511.17 Td (Total revenues from external customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.50 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 510.27 Td (2,543,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 510.27 Td (2,621,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.50 510.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 510.27 Td (3,340,938) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.91 482.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.64 482.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 108.21 482.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 130.29 482.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.80 482.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.80 482.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.38 482.10 Td (there ) Tj ET Q q 0 0 0 rg BT 193.44 482.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.94 482.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.94 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.01 482.10 Td (external ) Tj ET Q q 0 0 0 rg BT 261.29 482.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 303.91 482.10 Td (that ) Tj ET Q q 0 0 0 rg BT 320.98 482.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 363.59 482.10 Td (for ) Tj ET Q q 0 0 0 rg BT 377.33 482.10 Td (more ) Tj ET Q q 0 0 0 rg BT 399.95 482.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.24 482.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.57 482.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.65 482.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.05 482.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.34 482.10 Td (Company) Tj ET Q q 0 0 0 rg BT 506.01 482.10 Td (s ) Tj ET Q q 0 0 0 rg BT 511.98 482.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 89.94 470.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 113.46 470.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.64 470.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 166.60 470.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.78 470.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 208.06 470.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 247.13 470.10 Td (are ) Tj ET Q q 0 0 0 rg BT 261.74 470.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.58 470.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 313.20 470.10 Td (part ) Tj ET Q q 0 0 0 rg BT 331.15 470.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.89 470.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.51 470.10 Td (Company) Tj ET Q q 0 0 0 rg BT 398.18 470.10 Td (s ) Tj ET Q q 0 0 0 rg BT 404.48 470.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 443.10 470.10 Td (The ) Tj ET Q q 0 0 0 rg BT 461.05 470.10 Td (schedule ) Tj ET Q q 0 0 0 rg BT 498.44 470.10 Td (below ) Tj ET Q q 0 0 0 rg BT 525.29 470.10 Td (identifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (those ) Tj ET Q q 0 0 0 rg BT 72.88 458.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 104.02 458.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 142.95 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.00 458.10 Td (which ) Tj ET Q q 0 0 0 rg BT 179.71 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.19 458.10 Td (Company) Tj ET Q q 0 0 0 rg BT 235.86 458.10 Td (s ) Tj ET Q q 0 0 0 rg BT 242.02 458.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 263.73 458.10 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.19 458.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.52 458.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.79 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.39 458.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 387.20 458.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 425.00 458.10 Td (in ) Tj ET Q q 0 0 0 rg BT 435.05 458.10 Td (any ) Tj ET Q q 0 0 0 rg BT 451.76 458.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.36 458.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.85 458.10 Td (last ) Tj ET Q q 0 0 0 rg BT 493.00 458.10 Td (three ) Tj ET Q q 0 0 0 rg BT 515.26 458.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.63 458.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (August31 ) Tj ET Q q 0 0 0 rg BT 93.39 446.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 107.00 446.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 411.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 411.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 411.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 411.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 411.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 411.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 411.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 411.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 381.60 133.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.00 381.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.00 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.00 381.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.00 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.00 381.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 381.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.00 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.00 381.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.00 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.00 381.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 411.6 m 243 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 411.6 m 307 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311 411.6 m 371 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 411.6 m 435 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439 411.6 m 499 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 411.6 m 563 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183 411.6 m 243 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 411.6 m 307 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503 411.6 m 563 411.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.50 416.28 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.05 426.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.15 416.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.50 416.28 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.05 426.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.15 416.28 Td (Revenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.50 416.28 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.05 426.28 Td (% of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.15 416.28 Td (Revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 402.17 Td (China) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 401.27 Td (390,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 401.27 Td (15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 401.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 401.27 Td (562,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 401.27 Td (21.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 401.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.50 401.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 401.27 Td (719,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 401.27 Td (22.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 401.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 387.17 Td (Turkey) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 386.27 Td (261,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 386.27 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 386.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 386.27 Td (341,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 386.27 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.15 386.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 386.27 Td (435,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 386.27 Td (13.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 386.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 372.17 Td (South Korea) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 371.27 Td (265,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.65 371.27 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 371.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 371.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.80 371.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 371.27 Td (397,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 371.27 Td (12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.15 371.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 357.50 Td (_____________________________) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 341.90 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 67.50 341.90 Td (N/A) Tj ET Q q 0 0 0 rg BT 80.84 341.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.84 341.90 Td (- ) Tj ET Q q 0 0 0 rg BT 87.50 341.90 Td (sales ) Tj ET Q q 0 0 0 rg BT 105.05 341.90 Td (were ) Tj ET Q q 0 0 0 rg BT 122.59 341.90 Td (less ) Tj ET Q q 0 0 0 rg BT 136.59 341.90 Td (than ) Tj ET Q q 0 0 0 rg BT 152.37 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 164.14 341.90 Td (10% ) Tj ET Q q 0 0 0 rg BT 180.80 341.90 Td (threshold ) Tj ET Q q 0 0 0 rg BT 212.58 341.90 Td (and, ) Tj ET Q q 0 0 0 rg BT 228.13 341.90 Td (as ) Tj ET Q q 0 0 0 rg BT 236.79 341.90 Td (such, ) Tj ET Q q 0 0 0 rg BT 255.46 341.90 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 289.89 341.90 Td (is ) Tj ET Q q 0 0 0 rg BT 297.23 341.90 Td (not ) Tj ET Q q 0 0 0 rg BT 309.45 341.90 Td (applicable.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 771.55029296875 m 113.85693359375 771.55029296875 l s q 0 0 1 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 113.86 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 158.00 772.75 Td ( ) Tj ET Q q 0 0 0 rg BT 194.00 772.75 Td ( SCHNITZER STEEL) Tj ET Q q 0 0 0 rg BT 307.10 772.75 Td ( INDUSTRIES, INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.60 757.75 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 199.82 757.75 Td (T) Tj ET Q q 0 0 0 rg BT 206.31 757.75 Td (O ) Tj ET Q q 0 0 0 rg BT 216.41 757.75 Td (THE CONSOLIDA) Tj ET Q q 0 0 0 rg BT 299.85 757.75 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 379.03 757.75 Td ( ST) Tj ET Q q 0 0 0 rg BT 393.02 757.75 Td (A) Tj ET Q q 0 0 0 rg BT 399.50 757.75 Td (TEMENTS) Tj ET Q endstream endobj 177 0 obj <>] /Rotate 0 /Contents 178 0 R>> endobj 178 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (86) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.75 742.25 Td (Quarterly Financial Data \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.47 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.82 725.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 107.51 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.98 725.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 173.70 725.25 Td (this ) Tj ET Q q 0 0 0 rg BT 190.29 725.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 231.86 725.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 270.09 725.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.20 725.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 346.56 725.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 382.02 725.25 Td (all ) Tj ET Q q 0 0 0 rg BT 394.15 725.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 444.06 725.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 485.06 725.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.98 725.25 Td (present ) Tj ET Q q 0 0 0 rg BT 525.99 725.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 549.78 725.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 92.77 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.49 713.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 139.42 713.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 188.01 713.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 201.62 713.25 Td (thousands, ) Tj ET Q q 0 0 0 rg BT 246.62 713.25 Td (except ) Tj ET Q q 0 0 0 rg BT 275.21 713.25 Td (per ) Tj ET Q q 0 0 0 rg BT 290.48 713.25 Td (share ) Tj ET Q q 0 0 0 rg BT 314.08 713.25 Td (amounts\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 665.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 665.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 665.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 635.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 635.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 605.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 605.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 547.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 547.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 547.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 547.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 547.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 517.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 517.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 517.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 517.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 517.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 517.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.75 260.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 487.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 487.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 487.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 487.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 487.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 679.75 m 370.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 679.75 m 374.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 679.75 m 434.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 679.75 m 438.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 679.75 m 498.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 679.75 m 502.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 679.75 m 562.5 679.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 665.75 m 370.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 665.75 m 434.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 665.75 m 498.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 665.75 m 562.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 665.75 m 370.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 665.75 m 434.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 665.75 m 498.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 665.75 m 562.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 561.75 m 370.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 561.75 m 374.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 561.75 m 434.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 561.75 m 438.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 561.75 m 498.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 561.75 m 502.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 561.75 m 562.5 561.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 547.75 m 370.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 547.75 m 434.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547.75 m 498.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 547.75 m 562.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 547.75 m 370.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 547.75 m 434.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 547.75 m 498.5 547.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 547.75 m 562.5 547.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 684.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.25 684.43 Td (Fiscal 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 670.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.70 670.43 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.70 670.43 Td (Second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.45 670.43 Td (Third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 670.43 Td (Fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.32 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 655.42 Td (587,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 655.42 Td (626,147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 655.42 Td (637,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 655.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 655.42 Td (691,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.32 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 640.47 Td (\(3,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 640.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 640.42 Td (6,584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 640.42 Td (1,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 640.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 640.42 Td (15,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td (Income \(loss\) from discontinued operations, net of tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 625.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 625.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 625.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 625.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 625.42 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.32 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 610.47 Td (\(6,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 610.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 610.42 Td (1,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 610.42 Td (3,110) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 610.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 610.42 Td (7,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.32 Td (Basic net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 595.47 Td (\(0.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 595.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 595.42 Td (0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 595.42 Td (0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 595.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 595.42 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.32 Td (Diluted net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 580.47 Td (\(0.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 580.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 580.42 Td (0.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 580.42 Td (0.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 580.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 580.42 Td (0.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 566.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.25 566.43 Td (Fiscal 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 552.00 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.70 552.43 Td (First) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.70 552.43 Td (Second) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.45 552.43 Td (Third) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 552.43 Td (Fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.32 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 537.42 Td (592,820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 537.42 Td (662,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 537.42 Td (710,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 537.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 537.42 Td (656,586) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.32 Td (Operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 522.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 522.42 Td (1,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 522.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 522.42 Td (11,390) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 522.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 522.42 Td (7,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 522.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 522.47 Td (\(347,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 522.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.32 Td (Net income \(loss\) attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 507.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 507.47 Td (\(1,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 507.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 507.42 Td (8,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 507.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 507.42 Td (820) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 507.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 507.47 Td (\(289,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 507.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.32 Td (Basic net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 492.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 492.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 492.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 492.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 492.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 492.47 Td (\(10.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 492.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.32 Td (Diluted net income \(loss\) per share attributable to SSI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 477.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.80 477.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 477.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 477.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 477.42 Td (0.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 477.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 477.42 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 477.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 477.47 Td (\(10.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 477.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.53 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.94 449.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 101.58 449.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 132.10 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.62 449.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 166.48 449.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 191.18 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.59 449.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 246.68 449.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 283.85 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 290.49 449.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 328.25 449.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 376.54 449.25 Td (char) Tj ET Q q 0 0 0 rg BT 393.57 449.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 405.21 449.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.73 449.25 Td ($321 ) Tj ET Q q 0 0 0 rg BT 437.93 449.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.83 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 471.52 449.25 Td (other ) Tj ET Q q 0 0 0 rg BT 494.27 449.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 515.91 449.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 437.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 83.04 437.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.05 437.25 Td ($13 ) Tj ET Q q 0 0 0 rg BT 111.73 437.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.62 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 145.80 437.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 199.58 437.25 Td (char) Tj ET Q q 0 0 0 rg BT 216.60 437.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 232.61 437.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.62 437.25 Td ($3 ) Tj ET Q q 0 0 0 rg BT 256.30 437.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.20 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 287.88 437.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.00 437.25 Td (a ) Tj ET Q q 0 0 0 rg BT 312.11 437.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 352.01 437.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 395.22 437.25 Td (on ) Tj ET Q q 0 0 0 rg BT 407.90 437.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 443.89 437.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 458.78 437.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 484.79 437.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.81 437.25 Td ($29 ) Tj ET Q q 0 0 0 rg BT 513.49 437.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.38 437.25 Td (. ) Tj ET Q q 0 0 0 rg BT 547.56 437.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.84 425.25 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.84 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.24 425.25 Td (- ) Tj ET Q q 0 0 0 rg BT 84.97 425.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 126.25 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.98 425.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 182.74 425.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 231.79 425.25 Td (Policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.36 425.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 290.20 425.25 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.20 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.60 425.25 Td (- ) Tj ET Q q 0 0 0 rg BT 303.33 425.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 343.50 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.34 425.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 385.51 425.25 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 427.92 425.25 Td (Assets, ) Tj ET Q q 0 0 0 rg BT 458.94 425.25 Td (net ) Tj ET Q q 0 0 0 rg BT 473.55 425.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.39 425.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 512.23 425.25 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.23 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 524.63 425.25 Td ( ) Tj ET Q q 0 0 0 rg BT 532.03 425.25 Td (Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 413.25 Td (axes ) Tj ET Q q 0 0 0 rg BT 75.68 413.25 Td (for ) Tj ET Q q 0 0 0 rg BT 89.84 413.25 Td (further ) Tj ET Q q 0 0 0 rg BT 119.55 413.25 Td (detail.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 179 0 obj <>] /Rotate 0 /Contents 180 0 R>> endobj 180 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (87) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 742.10 Td (Schedule II ) Tj ET Q q 0 0 0 rg BT 263.38 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 269.50 742.10 Td (aluation and Qualifying ) Tj ET Q q 0 0 0 rg BT 366.42 742.10 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.05 725.10 Td (For the ) Tj ET Q q 0 0 0 rg BT 229.79 725.10 Td (Y) Tj ET Q q 0 0 0 rg BT 236.01 725.10 Td (ears Ended ) Tj ET Q q 0 0 0 rg BT 282.10 725.10 Td (August31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.49 725.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.49 725.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.49 725.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.49 725.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.93 725.10 Td (2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.25 713.10 Td (\(In thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 642.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 642.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 642.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 642.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 642.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 612.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 612.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 612.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 612.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 612.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 612.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 582.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 582.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 582.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 582.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 582.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 582.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 552.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 552.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 552.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 552.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 552.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 522.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 522.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 522.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 522.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 522.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.60 241.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 492.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 492.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 492.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 492.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 492.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 676.6 m 291.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 676.6 m 355.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 676.6 m 434.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 676.6 m 498.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 676.6 m 562.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 642.6 m 291.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 642.6 m 355.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 642.6 m 434.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 642.6 m 498.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 642.6 m 562.5 642.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 642.6 m 291.5 642.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.95 681.28 Td (Column A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.15 681.28 Td (ColumnB) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.40 681.28 Td (ColumnC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.90 681.28 Td (Column D) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.15 681.28 Td (ColumnE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 145.75 647.28 Td (Description) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.60 667.28 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.85 657.28 Td (beginning) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.65 647.28 Td (of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.70 657.28 Td (Chargestocost) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.55 647.28 Td (and expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.10 647.28 Td (Deductions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.60 667.28 Td (Balance at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.80 657.28 Td (end of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.10 647.28 Td (period) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 631.8333984375 m 99.38671875 631.8333984375 l s q 0 0 0 rg BT 53.00 633.17 Td (Fiscal 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.17 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 617.27 Td (2,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 617.27 Td (650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 617.32 Td (\(920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 617.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 617.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 617.27 Td (2,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.17 Td (Allowance for notes and other contractual receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 602.27 Td (7,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 602.32 Td (\(201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 602.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 602.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 602.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 602.27 Td (7,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 588.17 Td (Deferred tax valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 587.27 Td (29,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 587.27 Td (4,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 587.32 Td (\(2,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 587.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 587.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 587.27 Td (32,086) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 571.8333984375 m 99.38671875 571.8333984375 l s q 0 0 0 rg BT 53.00 573.17 Td (Fiscal 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.17 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 557.27 Td (4,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 557.27 Td (584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 557.32 Td (\(2,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 557.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 557.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 557.27 Td (2,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.17 Td (Allowance for notes and other contractual receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 542.27 Td (7,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 542.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 542.27 Td (7,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.17 Td (Deferred tax valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 527.27 Td (794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 527.27 Td (28,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 527.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 527.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 527.27 Td (29,696) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 511.8333984375 m 99.38671875 511.8333984375 l s q 0 0 0 rg BT 53.00 513.17 Td (Fiscal 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.17 Td (Allowance for doubtful accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 497.27 Td (6,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 497.27 Td (688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 497.32 Td (\(2,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 497.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 497.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 497.27 Td (4,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.17 Td (Deferred tax valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 482.27 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 482.27 Td (218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 482.32 Td (\(13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 482.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 482.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 482.27 Td (794) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 181 0 obj <>] /Rotate 0 /Contents 182 0 R>> endobj 182 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (88) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (ITEM9. CHANGES IN ) Tj ET Q q 0 0 0 rg BT 154.18 742.25 Td (AND DISAGREEMENTS ) Tj ET Q q 0 0 0 rg BT 268.47 742.25 Td (WITH ) Tj ET Q q 0 0 0 rg BT 298.75 742.25 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 348.57 742.25 Td (ANTS ON ) Tj ET Q q 0 0 0 rg BT 394.69 742.25 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 466.09 742.25 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 546.37 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (DISCLOSURE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (ITEM9A. CONTROLS ) Tj ET Q q 0 0 0 rg BT 154.46 684.25 Td (AND PROCEDURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 663.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 89.82 663.25 Td (e Contr) Tj ET Q q 0 0 0 rg BT 122.13 663.25 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 165.29 663.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 194.55 663.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 645.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.39 645.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.11 645.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 151.83 645.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 195.22 645.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 230.28 645.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.55 645.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 294.26 645.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 308.76 645.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 341.58 645.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.20 645.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 377.82 645.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 419.53 645.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.80 645.25 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 479.07 645.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.24 645.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 645.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 547.57 645.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 633.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.58 633.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 108.79 633.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.88 633.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 145.15 633.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.25 633.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 195.11 633.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 213.43 633.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 259.44 633.25 Td (Act\)\) ) Tj ET Q q 0 0 0 rg BT 287.75 633.25 Td (that ) Tj ET Q q 0 0 0 rg BT 305.51 633.25 Td (are ) Tj ET Q q 0 0 0 rg BT 320.49 633.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 358.80 633.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.35 633.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 398.21 633.25 Td (that ) Tj ET Q q 0 0 0 rg BT 415.98 633.25 Td (information ) Tj ET Q q 0 0 0 rg BT 465.96 633.25 Td (required ) Tj ET Q q 0 0 0 rg BT 502.04 633.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.58 633.25 Td (be ) Tj ET Q q 0 0 0 rg BT 524.79 633.25 Td (disclosed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.75 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.71 621.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 119.35 621.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.88 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.84 621.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 175.36 621.25 Td (that ) Tj ET Q q 0 0 0 rg BT 193.11 621.25 Td (it ) Tj ET Q q 0 0 0 rg BT 201.41 621.25 Td (files ) Tj ET Q q 0 0 0 rg BT 221.38 621.25 Td (or ) Tj ET Q q 0 0 0 rg BT 232.46 621.25 Td (submits ) Tj ET Q q 0 0 0 rg BT 266.32 621.25 Td (under ) Tj ET Q q 0 0 0 rg BT 291.84 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.81 621.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 348.37 621.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 365.56 621.25 Td (is ) Tj ET Q q 0 0 0 rg BT 374.98 621.25 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 415.20 621.25 Td (processed, ) Tj ET Q q 0 0 0 rg BT 459.88 621.25 Td (summarized ) Tj ET Q q 0 0 0 rg BT 511.50 621.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.69 621.25 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.25 Td (within ) Tj ET Q q 0 0 0 rg BT 78.85 609.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.37 609.25 Td (time ) Tj ET Q q 0 0 0 rg BT 115.43 609.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 148.17 609.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 187.56 609.25 Td (by ) Tj ET Q q 0 0 0 rg BT 200.85 609.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.37 609.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 259.10 609.25 Td (and ) Tj ET Q q 0 0 0 rg BT 276.83 609.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 319.55 609.25 Td (Commission) Tj ET Q q 0 0 0 rg BT 372.90 609.25 Td (s ) Tj ET Q q 0 0 0 rg BT 380.08 609.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 402.82 609.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.55 609.25 Td (forms ) Tj ET Q q 0 0 0 rg BT 447.18 609.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.91 609.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.20 609.25 Td (such ) Tj ET Q q 0 0 0 rg BT 504.83 609.25 Td (information ) Tj ET Q q 0 0 0 rg BT 555.34 609.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 597.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 102.19 597.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.29 597.25 Td (communicated ) Tj ET Q q 0 0 0 rg BT 178.82 597.25 Td (to ) Tj ET Q q 0 0 0 rg BT 188.26 597.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 243.51 597.25 Td (including ) Tj ET Q q 0 0 0 rg BT 282.94 597.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.82 597.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 320.70 597.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 362.34 597.25 Td (Of) Tj ET Q q 0 0 0 rg BT 372.71 597.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 392.69 597.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.79 597.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 432.67 597.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 471.54 597.25 Td (Of) Tj ET Q q 0 0 0 rg BT 481.91 597.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 499.83 597.25 Td (, ) Tj ET Q q 0 0 0 rg BT 503.99 597.25 Td (as ) Tj ET Q q 0 0 0 rg BT 513.98 597.25 Td (appropriate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 585.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 585.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 83.99 585.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 111.54 585.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 150.76 585.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 191.07 585.25 Td (required ) Tj ET Q q 0 0 0 rg BT 226.39 585.25 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 274.88 585.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 294.10 585.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 328.32 585.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.75 585.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 393.12 585.25 Td (no ) Tj ET Q q 0 0 0 rg BT 405.12 585.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 432.66 585.25 Td (how ) Tj ET Q q 0 0 0 rg BT 451.88 585.25 Td (well ) Tj ET Q q 0 0 0 rg BT 471.09 585.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 508.64 585.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.08 585.25 Td (operated, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 573.25 Td (can ) Tj ET Q q 0 0 0 rg BT 68.15 573.25 Td (only ) Tj ET Q q 0 0 0 rg BT 90.21 573.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 125.03 573.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 172.06 573.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 215.20 573.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.81 573.25 Td (achieving ) Tj ET Q q 0 0 0 rg BT 270.96 573.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.45 573.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 320.60 573.25 Td (control ) Tj ET Q q 0 0 0 rg BT 353.20 573.25 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 400.21 573.25 Td (The ) Tj ET Q q 0 0 0 rg BT 420.03 573.25 Td (Company) Tj ET Q q 0 0 0 rg BT 461.70 573.25 Td (s ) Tj ET Q q 0 0 0 rg BT 469.87 573.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 527.73 573.25 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 573.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 561.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 103.10 561.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.00 561.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.79 561.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 153.57 561.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 196.12 561.25 Td (Of) Tj ET Q q 0 0 0 rg BT 206.49 561.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 227.37 561.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.38 561.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 269.16 561.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 308.94 561.25 Td (Of) Tj ET Q q 0 0 0 rg BT 319.31 561.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 337.23 561.25 Td (, ) Tj ET Q q 0 0 0 rg BT 342.29 561.25 Td (has ) Tj ET Q q 0 0 0 rg BT 358.19 561.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 402.41 561.25 Td (an ) Tj ET Q q 0 0 0 rg BT 414.42 561.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 458.63 561.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.53 561.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.32 561.25 Td (ef) Tj ET Q q 0 0 0 rg BT 491.90 561.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 538.89 561.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 561.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.25 Td (design ) Tj ET Q q 0 0 0 rg BT 79.92 549.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.17 549.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 139.75 549.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.89 549.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.92 549.25 Td (Company) Tj ET Q q 0 0 0 rg BT 209.58 549.25 Td (s ) Tj ET Q q 0 0 0 rg BT 217.29 549.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 261.65 549.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 297.67 549.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.92 549.25 Td (procedures. ) Tj ET Q q 0 0 0 rg BT 366.10 549.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 394.35 549.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.17 549.25 Td (this ) Tj ET Q q 0 0 0 rg BT 426.43 549.25 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 474.39 549.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.42 549.25 Td (Company) Tj ET Q q 0 0 0 rg BT 532.08 549.25 Td (s ) Tj ET Q q 0 0 0 rg BT 539.79 549.25 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.08 537.25 Td (Of) Tj ET Q q 0 0 0 rg BT 102.46 537.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 122.87 537.25 Td (and ) Tj ET Q q 0 0 0 rg BT 139.42 537.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 163.74 537.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 203.05 537.25 Td (Of) Tj ET Q q 0 0 0 rg BT 213.42 537.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 233.84 537.25 Td (have ) Tj ET Q q 0 0 0 rg BT 254.82 537.25 Td (concluded ) Tj ET Q q 0 0 0 rg BT 298.02 537.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 317.62 537.25 Td (as ) Tj ET Q q 0 0 0 rg BT 328.05 537.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.02 537.25 Td (August31, ) Tj ET Q q 0 0 0 rg BT 384.02 537.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.02 537.25 Td (, ) Tj ET Q q 0 0 0 rg BT 408.62 537.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.94 537.25 Td (Company) Tj ET Q q 0 0 0 rg BT 464.60 537.25 Td (s ) Tj ET Q q 0 0 0 rg BT 470.60 537.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 513.25 537.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 547.57 537.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 96.37 525.25 Td (were ) Tj ET Q q 0 0 0 rg BT 118.30 525.25 Td (ef) Tj ET Q q 0 0 0 rg BT 125.88 525.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 155.59 525.25 Td (at ) Tj ET Q q 0 0 0 rg BT 165.30 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.02 525.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 225.27 525.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 266.64 525.25 Td (level.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 504.25 Td (Management) Tj ET Q q 0 0 0 rg BT 109.06 504.25 Td (s ) Tj ET Q q 0 0 0 rg BT 114.90 504.25 Td (Annual Report on Internal Contr) Tj ET Q q 0 0 0 rg BT 257.50 504.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 289.26 504.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.25 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 486.25 Td (s ) Tj ET Q q 0 0 0 rg BT 110.84 486.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 142.80 486.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 172.55 486.25 Td (on ) Tj ET Q q 0 0 0 rg BT 185.07 486.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 218.69 486.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 251.78 486.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 274.29 486.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 314.03 486.25 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 356.55 486.25 Td (is ) Tj ET Q q 0 0 0 rg BT 365.75 486.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 406.59 486.25 Td (within ) Tj ET Q q 0 0 0 rg BT 434.67 486.25 Td (Part ) Tj ET Q q 0 0 0 rg BT 453.30 486.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 464.99 486.25 Td (Item8 ) Tj ET Q q 0 0 0 rg BT 493.34 486.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.20 486.25 Td (this ) Tj ET Q q 0 0 0 rg BT 521.17 486.25 Td (report ) Tj ET Q q 0 0 0 rg BT 547.57 486.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 474.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 112.20 474.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.69 474.25 Td (by ) Tj ET Q q 0 0 0 rg BT 152.19 474.25 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 453.25 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 162.89 453.25 Td (ol Over) Tj ET Q q 0 0 0 rg BT 194.64 453.25 Td ( Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.25 Td (There ) Tj ET Q q 0 0 0 rg BT 76.15 435.25 Td (was ) Tj ET Q q 0 0 0 rg BT 94.53 435.25 Td (no ) Tj ET Q q 0 0 0 rg BT 107.36 435.25 Td (change ) Tj ET Q q 0 0 0 rg BT 138.51 435.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.12 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.16 435.25 Td (Company) Tj ET Q q 0 0 0 rg BT 205.83 435.25 Td (s ) Tj ET Q q 0 0 0 rg BT 212.55 435.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 245.92 435.25 Td (control ) Tj ET Q q 0 0 0 rg BT 277.08 435.25 Td (over ) Tj ET Q q 0 0 0 rg BT 297.68 435.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.49 435.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 374.98 435.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 389.47 435.25 Td (that ) Tj ET Q q 0 0 0 rg BT 407.30 435.25 Td (term ) Tj ET Q q 0 0 0 rg BT 428.45 435.25 Td (is ) Tj ET Q q 0 0 0 rg BT 437.95 435.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 470.77 435.25 Td (in ) Tj ET Q q 0 0 0 rg BT 481.38 435.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 506.99 435.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 547.58 435.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.25 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 91.51 423.25 Td (under ) Tj ET Q q 0 0 0 rg BT 117.47 423.25 Td (the ) Tj ET Q q 0 0 0 rg BT 132.87 423.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 174.78 423.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 195.74 423.25 Td (during ) Tj ET Q q 0 0 0 rg BT 225.03 423.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.67 423.25 Td (most ) Tj ET Q q 0 0 0 rg BT 260.31 423.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 287.92 423.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 312.76 423.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 344.27 423.25 Td (that ) Tj ET Q q 0 0 0 rg BT 362.45 423.25 Td (has ) Tj ET Q q 0 0 0 rg BT 378.97 423.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 422.69 423.25 Td (af) Tj ET Q q 0 0 0 rg BT 430.28 423.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 460.40 423.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.91 423.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.77 423.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 528.28 423.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 554.24 423.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 93.04 411.25 Td (af) Tj ET Q q 0 0 0 rg BT 100.63 411.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 120.61 411.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.33 411.25 Td (Company) Tj ET Q q 0 0 0 rg BT 176.99 411.25 Td (s ) Tj ET Q q 0 0 0 rg BT 183.38 411.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 216.43 411.25 Td (control ) Tj ET Q q 0 0 0 rg BT 247.25 411.25 Td (over ) Tj ET Q q 0 0 0 rg BT 267.52 411.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 305.00 411.25 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (ITEM9B. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 182.60 390.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td (None.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (89) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 292.44 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 305.73 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.66 742.10 Td ( III) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 732.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 720.50 Td (ITEM10. DIRECT) Tj ET Q q 0 0 0 rg BT 132.89 720.50 Td (ORS, EXECUTIVE OFFICERS ) Tj ET Q q 0 0 0 rg BT 272.92 720.50 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 346.89 720.50 Td (TE GOVERNANCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 699.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 100.33 699.50 Td (required ) Tj ET Q q 0 0 0 rg BT 136.21 699.50 Td (by ) Tj ET Q q 0 0 0 rg BT 148.77 699.50 Td (Item401 ) Tj ET Q q 0 0 0 rg BT 187.16 699.50 Td (of ) Tj ET Q q 0 0 0 rg BT 198.06 699.50 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 244.51 699.50 Td (S-K ) Tj ET Q q 0 0 0 rg BT 263.18 699.50 Td (regarding ) Tj ET Q q 0 0 0 rg BT 304.06 699.50 Td (directors, ) Tj ET Q q 0 0 0 rg BT 344.11 699.50 Td (and ) Tj ET Q q 0 0 0 rg BT 361.12 699.50 Td (information ) Tj ET Q q 0 0 0 rg BT 410.90 699.50 Td (required ) Tj ET Q q 0 0 0 rg BT 446.78 699.50 Td (by ) Tj ET Q q 0 0 0 rg BT 459.34 699.50 Td (Items ) Tj ET Q q 0 0 0 rg BT 484.12 699.50 Td (405, ) Tj ET Q q 0 0 0 rg BT 504.19 699.50 Td (407\(c\)\(3\), ) Tj ET Q q 0 0 0 rg BT 547.01 699.50 Td (407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 687.50 Td (\(d\)\(4\) ) Tj ET Q q 0 0 0 rg BT 75.48 687.50 Td (and ) Tj ET Q q 0 0 0 rg BT 92.07 687.50 Td (407\(d\)\(5\) ) Tj ET Q q 0 0 0 rg BT 132.54 687.50 Td (of ) Tj ET Q q 0 0 0 rg BT 143.03 687.50 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 189.06 687.50 Td (S-K, ) Tj ET Q q 0 0 0 rg BT 209.83 687.50 Td (will ) Tj ET Q q 0 0 0 rg BT 227.54 687.50 Td (be ) Tj ET Q q 0 0 0 rg BT 239.14 687.50 Td (included ) Tj ET Q q 0 0 0 rg BT 275.73 687.50 Td (under ) Tj ET Q q 0 0 0 rg BT 300.65 687.50 Td (Election ) Tj ET Q q 0 0 0 rg BT 340.56 687.50 Td (of ) Tj ET Q q 0 0 0 rg BT 351.05 687.50 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 397.35 687.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 443.93 687.50 Td (Governance ) Tj ET Q q 0 0 0 rg BT 498.83 687.50 Td (and ) Tj ET Q q 0 0 0 rg BT 515.42 687.50 Td (Section ) Tj ET Q q 0 0 0 rg BT 552.01 687.50 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 675.50 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 62.96 675.50 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 105.91 675.50 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 151.65 675.50 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 193.50 675.50 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 248.12 675.50 Td (in ) Tj ET Q q 0 0 0 rg BT 257.76 675.50 Td (the ) Tj ET Q q 0 0 0 rg BT 271.83 675.50 Td (Company) Tj ET Q q 0 0 0 rg BT 313.50 675.50 Td (s ) Tj ET Q q 0 0 0 rg BT 319.25 675.50 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 345.00 675.50 Td (Statement ) Tj ET Q q 0 0 0 rg BT 386.85 675.50 Td (for ) Tj ET Q q 0 0 0 rg BT 400.37 675.50 Td (its ) Tj ET Q q 0 0 0 rg BT 411.68 675.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 433.13 675.50 Td (Annual ) Tj ET Q q 0 0 0 rg BT 464.42 675.50 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 499.61 675.50 Td (of ) Tj ET Q q 0 0 0 rg BT 509.80 675.50 Td (Shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 663.50 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 663.50 Td (is ) Tj ET Q q 0 0 0 rg BT 76.11 663.50 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 129.14 663.50 Td (herein ) Tj ET Q q 0 0 0 rg BT 156.63 663.50 Td (by ) Tj ET Q q 0 0 0 rg BT 169.13 663.50 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 642.50 Td (Executive Officers of the Registrant) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 609 m 160.5 609 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164.5 609 m 204.5 609 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 609 m 562.5 609 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 613.68 Td (Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.65 613.68 Td (Age) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 613.68 Td (Office) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 599.57 Td (Tamara L. Lundgren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 598.67 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 598.67 Td (President and Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.57 Td (Richard D. Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 583.67 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 583.67 Td (Senior Vice President and Chief Financial Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.57 Td (Michael Henderson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 568.67 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 568.67 Td (Senior Vice President and President, Metals Recycling Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.57 Td (Thomas D. Klauer, Jr.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 553.67 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 553.67 Td (Senior Vice President and President, Auto Parts Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 539.57 Td (Jeffrey Dyck) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 538.67 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 538.67 Td (Senior Vice President and President, Steel Manufacturing Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.57 Td (Richard C. Josephson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 523.67 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 523.67 Td (Senior Vice President, General Counsel and Secretary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.57 Td (Belinda Gaye Hyde) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 508.67 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 508.67 Td (Senior Vice President and Chief Human Resources Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 494.57 Td (Stefano Gaggini) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.00 493.67 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.00 493.67 Td (Vice President, Corporate Controller and Principal Accounting Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 464.1669921875 m 134.3876953125 464.1669921875 l s q 0 0 0 rg BT 50.00 465.50 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 465.50 Td (amara ) Tj ET Q q 0 0 0 rg BT 83.37 465.50 Td (L. ) Tj ET Q q 0 0 0 rg BT 95.51 465.50 Td (Lundgren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.39 465.50 Td ( ) Tj ET Q q 0 0 0 rg BT 137.92 465.50 Td (has ) Tj ET Q q 0 0 0 rg BT 154.79 465.50 Td (been ) Tj ET Q q 0 0 0 rg BT 177.20 465.50 Td (our ) Tj ET Q q 0 0 0 rg BT 194.06 465.50 Td (President ) Tj ET Q q 0 0 0 rg BT 234.81 465.50 Td (and ) Tj ET Q q 0 0 0 rg BT 252.79 465.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 278.54 465.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 322.05 465.50 Td (Of) Tj ET Q q 0 0 0 rg BT 332.42 465.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 354.27 465.50 Td (since ) Tj ET Q q 0 0 0 rg BT 378.35 465.50 Td (December ) Tj ET Q q 0 0 0 rg BT 422.97 465.50 Td (2008. ) Tj ET Q q 0 0 0 rg BT 449.00 465.50 Td (She ) Tj ET Q q 0 0 0 rg BT 467.54 465.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 496.07 465.50 Td (the ) Tj ET Q q 0 0 0 rg BT 511.82 465.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 554.24 465.50 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.50 Td (September ) Tj ET Q q 0 0 0 rg BT 94.78 453.50 Td (2005 ) Tj ET Q q 0 0 0 rg BT 116.79 453.50 Td (as ) Tj ET Q q 0 0 0 rg BT 126.98 453.50 Td (V) Tj ET Q q 0 0 0 rg BT 133.60 453.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 147.27 453.50 Td (President ) Tj ET Q q 0 0 0 rg BT 186.50 453.50 Td (and ) Tj ET Q q 0 0 0 rg BT 202.95 453.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 227.18 453.50 Td (Strategy ) Tj ET Q q 0 0 0 rg BT 262.52 453.50 Td (Of) Tj ET Q q 0 0 0 rg BT 272.89 453.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 293.21 453.50 Td (and ) Tj ET Q q 0 0 0 rg BT 309.66 453.50 Td (held ) Tj ET Q q 0 0 0 rg BT 328.89 453.50 Td (roles ) Tj ET Q q 0 0 0 rg BT 350.34 453.50 Td (of ) Tj ET Q q 0 0 0 rg BT 360.68 453.50 Td (increasing ) Tj ET Q q 0 0 0 rg BT 403.79 453.50 Td (responsibility) Tj ET Q q 0 0 0 rg BT 457.58 453.50 Td (, ) Tj ET Q q 0 0 0 rg BT 462.10 453.50 Td (including ) Tj ET Q q 0 0 0 rg BT 501.88 453.50 Td (Executive ) Tj ET Q q 0 0 0 rg BT 543.73 453.50 Td (V) Tj ET Q q 0 0 0 rg BT 550.35 453.50 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.50 Td (President ) Tj ET Q q 0 0 0 rg BT 90.20 441.50 Td (and ) Tj ET Q q 0 0 0 rg BT 107.62 441.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 132.82 441.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 175.79 441.50 Td (Of) Tj ET Q q 0 0 0 rg BT 186.16 441.50 Td (ficer) Tj ET Q q 0 0 0 rg BT 203.92 441.50 Td (. ) Tj ET Q q 0 0 0 rg BT 209.40 441.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 232.39 441.50 Td (to ) Tj ET Q q 0 0 0 rg BT 243.15 441.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 274.46 441.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 288.84 441.50 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 307.10 441.50 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 348.96 441.50 Td (was ) Tj ET Q q 0 0 0 rg BT 367.50 441.50 Td (a ) Tj ET Q q 0 0 0 rg BT 374.92 441.50 Td (Managing ) Tj ET Q q 0 0 0 rg BT 418.45 441.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 454.75 441.50 Td (in ) Tj ET Q q 0 0 0 rg BT 465.51 441.50 Td (the ) Tj ET Q q 0 0 0 rg BT 480.71 441.50 Td (Investment ) Tj ET Q q 0 0 0 rg BT 528.12 441.50 Td (Banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.50 Td (Division ) Tj ET Q q 0 0 0 rg BT 86.91 429.50 Td (of ) Tj ET Q q 0 0 0 rg BT 97.70 429.50 Td (JPMor) Tj ET Q q 0 0 0 rg BT 124.19 429.50 Td (gan ) Tj ET Q q 0 0 0 rg BT 141.09 429.50 Td (Chase, ) Tj ET Q q 0 0 0 rg BT 170.49 429.50 Td (which ) Tj ET Q q 0 0 0 rg BT 197.39 429.50 Td (she ) Tj ET Q q 0 0 0 rg BT 213.18 429.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 240.64 429.50 Td (in ) Tj ET Q q 0 0 0 rg BT 250.88 429.50 Td (2001, ) Tj ET Q q 0 0 0 rg BT 275.84 429.50 Td (and ) Tj ET Q q 0 0 0 rg BT 292.74 429.50 Td (Deutsche ) Tj ET Q q 0 0 0 rg BT 332.41 429.50 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 358.48 429.50 Td (which ) Tj ET Q q 0 0 0 rg BT 385.38 429.50 Td (she ) Tj ET Q q 0 0 0 rg BT 401.17 429.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 428.62 429.50 Td (in ) Tj ET Q q 0 0 0 rg BT 438.86 429.50 Td (1996. ) Tj ET Q q 0 0 0 rg BT 463.82 429.50 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 481.57 429.50 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 522.91 429.50 Td (began ) Tj ET Q q 0 0 0 rg BT 549.24 429.50 Td (her ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.50 Td (career ) Tj ET Q q 0 0 0 rg BT 76.91 417.50 Td (as ) Tj ET Q q 0 0 0 rg BT 87.74 417.50 Td (an ) Tj ET Q q 0 0 0 rg BT 99.68 417.50 Td (attorney ) Tj ET Q q 0 0 0 rg BT 134.95 417.50 Td (and ) Tj ET Q q 0 0 0 rg BT 151.88 417.50 Td (was ) Tj ET Q q 0 0 0 rg BT 169.94 417.50 Td (a ) Tj ET Q q 0 0 0 rg BT 176.88 417.50 Td (partner ) Tj ET Q q 0 0 0 rg BT 207.69 417.50 Td (at ) Tj ET Q q 0 0 0 rg BT 217.41 417.50 Td (Hogan ) Tj ET Q q 0 0 0 rg BT 246.57 417.50 Td (& ) Tj ET Q q 0 0 0 rg BT 256.85 417.50 Td (Hartson ) Tj ET Q q 0 0 0 rg BT 291.01 417.50 Td (LLP) Tj ET Q q 0 0 0 rg BT 308.41 417.50 Td ( ) Tj ET Q q 0 0 0 rg BT 310.91 417.50 Td (in ) Tj ET Q q 0 0 0 rg BT 321.01 417.50 Td (W) Tj ET Q q 0 0 0 rg BT 329.65 417.50 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 373.54 417.50 Td (D.C.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 395.1669921875 m 119.208984375 395.1669921875 l s q 0 0 0 rg BT 50.00 396.50 Td (Richard ) Tj ET Q q 0 0 0 rg BT 83.63 396.50 Td (D. ) Tj ET Q q 0 0 0 rg BT 95.33 396.50 Td (Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.21 396.50 Td ( ) Tj ET Q q 0 0 0 rg BT 121.19 396.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 148.16 396.50 Td (us ) Tj ET Q q 0 0 0 rg BT 159.03 396.50 Td (in ) Tj ET Q q 0 0 0 rg BT 168.78 396.50 Td (March ) Tj ET Q q 0 0 0 rg BT 196.86 396.50 Td (2007 ) Tj ET Q q 0 0 0 rg BT 218.84 396.50 Td (and ) Tj ET Q q 0 0 0 rg BT 235.25 396.50 Td (was ) Tj ET Q q 0 0 0 rg BT 252.78 396.50 Td (appointed ) Tj ET Q q 0 0 0 rg BT 294.19 396.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 318.39 396.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 357.58 396.50 Td (Of) Tj ET Q q 0 0 0 rg BT 367.95 396.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 388.24 396.50 Td (in ) Tj ET Q q 0 0 0 rg BT 398.00 396.50 Td (December ) Tj ET Q q 0 0 0 rg BT 441.06 396.50 Td (2007. ) Tj ET Q q 0 0 0 rg BT 465.54 396.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 477.21 396.50 Td (.Peach ) Tj ET Q q 0 0 0 rg BT 508.06 396.50 Td (was ) Tj ET Q q 0 0 0 rg BT 525.59 396.50 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 396.50 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.50 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.97 384.50 Td (Of) Tj ET Q q 0 0 0 rg BT 100.34 384.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 121.42 384.50 Td (and ) Tj ET Q q 0 0 0 rg BT 138.61 384.50 Td (Senior ) Tj ET Q q 0 0 0 rg BT 167.28 384.50 Td (V) Tj ET Q q 0 0 0 rg BT 173.90 384.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 188.32 384.50 Td (President ) Tj ET Q q 0 0 0 rg BT 228.29 384.50 Td (with ) Tj ET Q q 0 0 0 rg BT 248.83 384.50 Td (the ) Tj ET Q q 0 0 0 rg BT 263.61 384.50 Td (W) Tj ET Q q 0 0 0 rg BT 272.24 384.50 Td (estern ) Tj ET Q q 0 0 0 rg BT 298.88 384.50 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 319.42 384.50 Td (ener) Tj ET Q q 0 0 0 rg BT 336.45 384.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 349.21 384.50 Td (utility) Tj ET Q q 0 0 0 rg BT 372.45 384.50 Td (, ) Tj ET Q q 0 0 0 rg BT 377.71 384.50 Td (PacifiCorp, ) Tj ET Q q 0 0 0 rg BT 426.29 384.50 Td (from ) Tj ET Q q 0 0 0 rg BT 448.49 384.50 Td (2003 ) Tj ET Q q 0 0 0 rg BT 471.25 384.50 Td (to ) Tj ET Q q 0 0 0 rg BT 481.78 384.50 Td (2006. ) Tj ET Q q 0 0 0 rg BT 507.04 384.50 Td (From ) Tj ET Q q 0 0 0 rg BT 531.47 384.50 Td (1995 ) Tj ET Q q 0 0 0 rg BT 554.23 384.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.50 Td (2002, ) Tj ET Q q 0 0 0 rg BT 75.64 372.50 Td (he ) Tj ET Q q 0 0 0 rg BT 88.23 372.50 Td (served ) Tj ET Q q 0 0 0 rg BT 117.47 372.50 Td (in ) Tj ET Q q 0 0 0 rg BT 128.39 372.50 Td (a ) Tj ET Q q 0 0 0 rg BT 135.97 372.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 166.88 372.50 Td (of ) Tj ET Q q 0 0 0 rg BT 178.35 372.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 205.93 372.50 Td (management ) Tj ET Q q 0 0 0 rg BT 260.17 372.50 Td (positions ) Tj ET Q q 0 0 0 rg BT 299.43 372.50 Td (with ) Tj ET Q q 0 0 0 rg BT 320.35 372.50 Td (ScottishPower) Tj ET Q q 0 0 0 rg BT 377.73 372.50 Td (, ) Tj ET Q q 0 0 0 rg BT 383.37 372.50 Td (the ) Tj ET Q q 0 0 0 rg BT 398.73 372.50 Td (international ) Tj ET Q q 0 0 0 rg BT 452.41 372.50 Td (ener) Tj ET Q q 0 0 0 rg BT 469.44 372.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 482.58 372.50 Td (company) Tj ET Q q 0 0 0 rg BT 518.59 372.50 Td (, ) Tj ET Q q 0 0 0 rg BT 524.23 372.50 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 360.50 Td (Group ) Tj ET Q q 0 0 0 rg BT 78.57 360.50 Td (Controller) Tj ET Q q 0 0 0 rg BT 119.27 360.50 Td (, ) Tj ET Q q 0 0 0 rg BT 124.79 360.50 Td (Managing ) Tj ET Q q 0 0 0 rg BT 168.35 360.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 204.68 360.50 Td (of ) Tj ET Q q 0 0 0 rg BT 216.02 360.50 Td (United ) Tj ET Q q 0 0 0 rg BT 246.25 360.50 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 287.05 360.50 Td (Customer ) Tj ET Q q 0 0 0 rg BT 328.95 360.50 Td (Services ) Tj ET Q q 0 0 0 rg BT 365.84 360.50 Td (and ) Tj ET Q q 0 0 0 rg BT 383.30 360.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 419.63 360.50 Td (of ) Tj ET Q q 0 0 0 rg BT 430.97 360.50 Td (Ener) Tj ET Q q 0 0 0 rg BT 449.67 360.50 Td (gy ) Tj ET Q q 0 0 0 rg BT 462.68 360.50 Td (Supply ) Tj ET Q q 0 0 0 rg BT 494.04 360.50 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 531.21 360.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 554.22 360.50 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 81.87 348.50 Td (ScottishPower) Tj ET Q q 0 0 0 rg BT 139.25 348.50 Td (, ) Tj ET Q q 0 0 0 rg BT 145.28 348.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 156.95 348.50 Td (.Peach ) Tj ET Q q 0 0 0 rg BT 189.36 348.50 Td (was ) Tj ET Q q 0 0 0 rg BT 208.45 348.50 Td (a ) Tj ET Q q 0 0 0 rg BT 216.42 348.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 244.39 348.50 Td (manager ) Tj ET Q q 0 0 0 rg BT 282.35 348.50 Td (with ) Tj ET Q q 0 0 0 rg BT 303.66 348.50 Td (Coopers& ) Tj ET Q q 0 0 0 rg BT 350.81 348.50 Td (L) Tj ET Q q 0 0 0 rg BT 356.36 348.50 Td (ybrand. ) Tj ET Q q 0 0 0 rg BT 390.17 348.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 401.84 348.50 Td (. ) Tj ET Q q 0 0 0 rg BT 407.87 348.50 Td (Peach ) Tj ET Q q 0 0 0 rg BT 435.28 348.50 Td (is ) Tj ET Q q 0 0 0 rg BT 445.49 348.50 Td (a ) Tj ET Q q 0 0 0 rg BT 453.46 348.50 Td (member ) Tj ET Q q 0 0 0 rg BT 489.76 348.50 Td (of ) Tj ET Q q 0 0 0 rg BT 501.62 348.50 Td (the ) Tj ET Q q 0 0 0 rg BT 517.37 348.50 Td (Institute ) Tj ET Q q 0 0 0 rg BT 553.68 348.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.50 Td (Chartered ) Tj ET Q q 0 0 0 rg BT 91.37 336.50 Td (Accountants ) Tj ET Q q 0 0 0 rg BT 143.86 336.50 Td (of ) Tj ET Q q 0 0 0 rg BT 154.69 336.50 Td (Scotland.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 314.1669921875 m 128.77685546875 314.1669921875 l s q 0 0 0 rg BT 50.00 315.50 Td (Michael ) Tj ET Q q 0 0 0 rg BT 85.46 315.50 Td (Henderson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.78 315.50 Td ( ) Tj ET Q q 0 0 0 rg BT 131.47 315.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 159.16 315.50 Td (us ) Tj ET Q q 0 0 0 rg BT 170.74 315.50 Td (in ) Tj ET Q q 0 0 0 rg BT 180.62 315.50 Td (April ) Tj ET Q q 0 0 0 rg BT 204.42 315.50 Td (2012 ) Tj ET Q q 0 0 0 rg BT 227.11 315.50 Td (as ) Tj ET Q q 0 0 0 rg BT 238.14 315.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 263.05 315.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 305.72 315.50 Td (Of) Tj ET Q q 0 0 0 rg BT 316.10 315.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 337.10 315.50 Td (of ) Tj ET Q q 0 0 0 rg BT 348.13 315.50 Td (the ) Tj ET Q q 0 0 0 rg BT 363.04 315.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 392.95 315.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 436.18 315.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 474.44 315.50 Td (and ) Tj ET Q q 0 0 0 rg BT 491.57 315.50 Td (became ) Tj ET Q q 0 0 0 rg BT 524.79 315.50 Td (President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.50 Td (of ) Tj ET Q q 0 0 0 rg BT 61.36 303.50 Td (the ) Tj ET Q q 0 0 0 rg BT 76.61 303.50 Td (Metals ) Tj ET Q q 0 0 0 rg BT 106.86 303.50 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 150.43 303.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 189.02 303.50 Td (in ) Tj ET Q q 0 0 0 rg BT 199.16 303.50 Td (August ) Tj ET Q q 0 0 0 rg BT 231.09 303.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 256.62 303.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 279.65 303.50 Td (to ) Tj ET Q q 0 0 0 rg BT 290.46 303.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 321.82 303.50 Td (Schnitzer) Tj ET Q q 0 0 0 rg BT 359.19 303.50 Td (, ) Tj ET Q q 0 0 0 rg BT 364.72 303.50 Td (he ) Tj ET Q q 0 0 0 rg BT 377.19 303.50 Td (was ) Tj ET Q q 0 0 0 rg BT 395.77 303.50 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 428.79 303.50 Td (Region ) Tj ET Q q 0 0 0 rg BT 460.71 303.50 Td (President ) Tj ET Q q 0 0 0 rg BT 500.95 303.50 Td (for ) Tj ET Q q 0 0 0 rg BT 515.65 303.50 Td (Sims ) Tj ET Q q 0 0 0 rg BT 538.69 303.50 Td (Metal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 104.28 291.50 Td (where ) Tj ET Q q 0 0 0 rg BT 130.78 291.50 Td (he ) Tj ET Q q 0 0 0 rg BT 142.29 291.50 Td (was ) Tj ET Q q 0 0 0 rg BT 159.92 291.50 Td (responsible ) Tj ET Q q 0 0 0 rg BT 207.54 291.50 Td (for ) Tj ET Q q 0 0 0 rg BT 221.27 291.50 Td (26 ) Tj ET Q q 0 0 0 rg BT 233.35 291.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 272.35 291.50 Td (including ) Tj ET Q q 0 0 0 rg BT 312.20 291.50 Td (four ) Tj ET Q q 0 0 0 rg BT 330.93 291.50 Td (shredders ) Tj ET Q q 0 0 0 rg BT 371.33 291.50 Td (and ) Tj ET Q q 0 0 0 rg BT 387.84 291.50 Td (five ) Tj ET Q q 0 0 0 rg BT 405.46 291.50 Td (port ) Tj ET Q q 0 0 0 rg BT 423.64 291.50 Td (locations. ) Tj ET Q q 0 0 0 rg BT 464.32 291.50 Td (He ) Tj ET Q q 0 0 0 rg BT 478.06 291.50 Td (began ) Tj ET Q q 0 0 0 rg BT 504.01 291.50 Td (his ) Tj ET Q q 0 0 0 rg BT 517.75 291.50 Td (career ) Tj ET Q q 0 0 0 rg BT 544.24 291.50 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.50 Td (Naparano ) Tj ET Q q 0 0 0 rg BT 91.50 279.50 Td (Iron ) Tj ET Q q 0 0 0 rg BT 110.79 279.50 Td (& ) Tj ET Q q 0 0 0 rg BT 121.21 279.50 Td (Metal ) Tj ET Q q 0 0 0 rg BT 147.16 279.50 Td (and ) Tj ET Q q 0 0 0 rg BT 164.24 279.50 Td (has ) Tj ET Q q 0 0 0 rg BT 180.20 279.50 Td (more ) Tj ET Q q 0 0 0 rg BT 203.38 279.50 Td (than ) Tj ET Q q 0 0 0 rg BT 223.23 279.50 Td (30 ) Tj ET Q q 0 0 0 rg BT 235.86 279.50 Td (years ) Tj ET Q q 0 0 0 rg BT 259.59 279.50 Td (in ) Tj ET Q q 0 0 0 rg BT 270.01 279.50 Td (the ) Tj ET Q q 0 0 0 rg BT 284.86 279.50 Td (scrap ) Tj ET Q q 0 0 0 rg BT 308.59 279.50 Td (industry) Tj ET Q q 0 0 0 rg BT 340.72 279.50 Td (, ) Tj ET Q q 0 0 0 rg BT 345.85 279.50 Td (including ) Tj ET Q q 0 0 0 rg BT 386.26 279.50 Td (expertise ) Tj ET Q q 0 0 0 rg BT 424.98 279.50 Td (in ) Tj ET Q q 0 0 0 rg BT 435.40 279.50 Td (both ) Tj ET Q q 0 0 0 rg BT 455.81 279.50 Td (the ) Tj ET Q q 0 0 0 rg BT 470.66 279.50 Td (ferrous ) Tj ET Q q 0 0 0 rg BT 501.61 279.50 Td (and ) Tj ET Q q 0 0 0 rg BT 518.68 279.50 Td (nonferrous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.50 Td (sides ) Tj ET Q q 0 0 0 rg BT 72.50 267.50 Td (of ) Tj ET Q q 0 0 0 rg BT 83.33 267.50 Td (the ) Tj ET Q q 0 0 0 rg BT 98.05 267.50 Td (business.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 245.1669921875 m 138.1787109375 245.1669921875 l s q 0 0 0 rg BT 50.00 246.50 Td (Thomas ) Tj ET Q q 0 0 0 rg BT 84.80 246.50 Td (D. ) Tj ET Q q 0 0 0 rg BT 97.11 246.50 Td (Klauer) Tj ET Q q 0 0 0 rg BT 123.92 246.50 Td (, ) Tj ET Q q 0 0 0 rg BT 129.01 246.50 Td (Jr) Tj ET Q q 0 0 0 rg BT 135.68 246.50 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.18 246.50 Td ( ) Tj ET Q q 0 0 0 rg BT 140.77 246.50 Td (has ) Tj ET Q q 0 0 0 rg BT 156.68 246.50 Td (been ) Tj ET Q q 0 0 0 rg BT 178.15 246.50 Td (the ) Tj ET Q q 0 0 0 rg BT 192.95 246.50 Td (President ) Tj ET Q q 0 0 0 rg BT 232.76 246.50 Td (of ) Tj ET Q q 0 0 0 rg BT 243.68 246.50 Td (the ) Tj ET Q q 0 0 0 rg BT 257.91 246.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 280.50 246.50 Td (Parts ) Tj ET Q q 0 0 0 rg BT 303.09 246.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 341.24 246.50 Td (since ) Tj ET Q q 0 0 0 rg BT 364.37 246.50 Td (our ) Tj ET Q q 0 0 0 rg BT 380.29 246.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.76 246.50 Td (of ) Tj ET Q q 0 0 0 rg BT 437.68 246.50 Td (Pick-N-Pull ) Tj ET Q q 0 0 0 rg BT 487.47 246.50 Td (Auto ) Tj ET Q q 0 0 0 rg BT 510.06 246.50 Td (Dismantling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.50 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 67.77 234.50 Td (in ) Tj ET Q q 0 0 0 rg BT 78.05 234.50 Td (2003. ) Tj ET Q q 0 0 0 rg BT 103.05 234.50 Td (Before ) Tj ET Q q 0 0 0 rg BT 132.75 234.50 Td (that ) Tj ET Q q 0 0 0 rg BT 150.25 234.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 161.92 234.50 Td (.Klauer ) Tj ET Q q 0 0 0 rg BT 196.63 234.50 Td (was ) Tj ET Q q 0 0 0 rg BT 214.68 234.50 Td (employed ) Tj ET Q q 0 0 0 rg BT 256.61 234.50 Td (by ) Tj ET Q q 0 0 0 rg BT 269.11 234.50 Td (Pick-N-Pull, ) Tj ET Q q 0 0 0 rg BT 321.89 234.50 Td (having ) Tj ET Q q 0 0 0 rg BT 351.61 234.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 379.10 234.50 Td (that ) Tj ET Q q 0 0 0 rg BT 396.60 234.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 437.98 234.50 Td (in ) Tj ET Q q 0 0 0 rg BT 448.26 234.50 Td (1989.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 212.1669921875 m 101.78955078125 212.1669921875 l s q 0 0 0 rg BT 50.00 213.50 Td (Jef) Tj ET Q q 0 0 0 rg BT 61.48 213.50 Td (frey ) Tj ET Q q 0 0 0 rg BT 80.13 213.50 Td (Dyck) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.79 213.50 Td ( ) Tj ET Q q 0 0 0 rg BT 104.34 213.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 131.89 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 146.66 213.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 169.20 213.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 231.18 213.50 Td (Business ) Tj ET Q q 0 0 0 rg BT 269.29 213.50 Td (in ) Tj ET Q q 0 0 0 rg BT 279.62 213.50 Td (February ) Tj ET Q q 0 0 0 rg BT 318.27 213.50 Td (1994 ) Tj ET Q q 0 0 0 rg BT 340.82 213.50 Td (and ) Tj ET Q q 0 0 0 rg BT 357.81 213.50 Td (served ) Tj ET Q q 0 0 0 rg BT 386.46 213.50 Td (in ) Tj ET Q q 0 0 0 rg BT 396.79 213.50 Td (a ) Tj ET Q q 0 0 0 rg BT 403.78 213.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 434.09 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 444.98 213.50 Td (positions, ) Tj ET Q q 0 0 0 rg BT 486.15 213.50 Td (including ) Tj ET Q q 0 0 0 rg BT 526.47 213.50 Td (Manager ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 60.91 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 75.71 201.50 Td (Rolling ) Tj ET Q q 0 0 0 rg BT 108.29 201.50 Td (Mills ) Tj ET Q q 0 0 0 rg BT 131.99 201.50 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 201.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 184.91 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 195.82 201.50 Td (Operations ) Tj ET Q q 0 0 0 rg BT 242.28 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 253.19 201.50 Td (the ) Tj ET Q q 0 0 0 rg BT 267.98 201.50 Td (Steel ) Tj ET Q q 0 0 0 rg BT 290.56 201.50 Td (Manufacturing ) Tj ET Q q 0 0 0 rg BT 352.56 201.50 Td (Business, ) Tj ET Q q 0 0 0 rg BT 393.21 201.50 Td (before ) Tj ET Q q 0 0 0 rg BT 421.32 201.50 Td (his ) Tj ET Q q 0 0 0 rg BT 435.57 201.50 Td (promotion ) Tj ET Q q 0 0 0 rg BT 479.82 201.50 Td (to ) Tj ET Q q 0 0 0 rg BT 490.18 201.50 Td (President ) Tj ET Q q 0 0 0 rg BT 529.98 201.50 Td (of ) Tj ET Q q 0 0 0 rg BT 540.89 201.50 Td (SMB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.50 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 189.50 Td (June ) Tj ET Q q 0 0 0 rg BT 81.11 189.50 Td (2005.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 167.1669921875 m 136.064453125 167.1669921875 l s q 0 0 0 rg BT 50.00 168.50 Td (Richard ) Tj ET Q q 0 0 0 rg BT 83.72 168.50 Td (C. ) Tj ET Q q 0 0 0 rg BT 94.95 168.50 Td (Josephson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.06 168.50 Td ( ) Tj ET Q q 0 0 0 rg BT 138.13 168.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 165.19 168.50 Td (us ) Tj ET Q q 0 0 0 rg BT 176.14 168.50 Td (in ) Tj ET Q q 0 0 0 rg BT 185.98 168.50 Td (January ) Tj ET Q q 0 0 0 rg BT 219.14 168.50 Td (2006 ) Tj ET Q q 0 0 0 rg BT 241.21 168.50 Td (as ) Tj ET Q q 0 0 0 rg BT 251.45 168.50 Td (V) Tj ET Q q 0 0 0 rg BT 258.07 168.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 271.79 168.50 Td (President, ) Tj ET Q q 0 0 0 rg BT 313.57 168.50 Td (General ) Tj ET Q q 0 0 0 rg BT 347.28 168.50 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 382.12 168.50 Td (and ) Tj ET Q q 0 0 0 rg BT 398.62 168.50 Td (Secretary) Tj ET Q q 0 0 0 rg BT 435.73 168.50 Td (. ) Tj ET Q q 0 0 0 rg BT 440.29 168.50 Td (Before ) Tj ET Q q 0 0 0 rg BT 469.56 168.50 Td (that ) Tj ET Q q 0 0 0 rg BT 486.62 168.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 498.29 168.50 Td (.Josephson ) Tj ET Q q 0 0 0 rg BT 546.46 168.50 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.50 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 156.50 Td (Member ) Tj ET Q q 0 0 0 rg BT 93.32 156.50 Td (of ) Tj ET Q q 0 0 0 rg BT 104.15 156.50 Td (the ) Tj ET Q q 0 0 0 rg BT 118.86 156.50 Td (law ) Tj ET Q q 0 0 0 rg BT 135.80 156.50 Td (firm ) Tj ET Q q 0 0 0 rg BT 155.52 156.50 Td (Stoel ) Tj ET Q q 0 0 0 rg BT 178.57 156.50 Td (Rives ) Tj ET Q q 0 0 0 rg BT 203.85 156.50 Td (LLP) Tj ET Q q 0 0 0 rg BT 220.52 156.50 Td (, ) Tj ET Q q 0 0 0 rg BT 225.52 156.50 Td (where ) Tj ET Q q 0 0 0 rg BT 252.45 156.50 Td (he ) Tj ET Q q 0 0 0 rg BT 264.39 156.50 Td (had ) Tj ET Q q 0 0 0 rg BT 281.33 156.50 Td (practiced ) Tj ET Q q 0 0 0 rg BT 320.47 156.50 Td (law ) Tj ET Q q 0 0 0 rg BT 337.41 156.50 Td (since ) Tj ET Q q 0 0 0 rg BT 360.45 156.50 Td (1973.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 134.1669921875 m 127.439453125 134.1669921875 l s q 0 0 0 rg BT 50.00 135.50 Td (Belinda ) Tj ET Q q 0 0 0 rg BT 82.89 135.50 Td (Gaye ) Tj ET Q q 0 0 0 rg BT 105.78 135.50 Td (Hyde) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.44 135.50 Td ( ) Tj ET Q q 0 0 0 rg BT 129.23 135.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 156.01 135.50 Td (us ) Tj ET Q q 0 0 0 rg BT 166.69 135.50 Td (in ) Tj ET Q q 0 0 0 rg BT 176.26 135.50 Td (October ) Tj ET Q q 0 0 0 rg BT 210.25 135.50 Td (201) Tj ET Q q 0 0 0 rg BT 224.88 135.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 231.67 135.50 Td (as ) Tj ET Q q 0 0 0 rg BT 241.79 135.50 Td (Chief ) Tj ET Q q 0 0 0 rg BT 265.80 135.50 Td (Human ) Tj ET Q q 0 0 0 rg BT 297.02 135.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 339.91 135.50 Td (Of) Tj ET Q q 0 0 0 rg BT 350.28 135.50 Td (ficer) Tj ET Q q 0 0 0 rg BT 368.04 135.50 Td (. ) Tj ET Q q 0 0 0 rg BT 372.33 135.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 394.12 135.50 Td (to ) Tj ET Q q 0 0 0 rg BT 403.69 135.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 433.81 135.50 Td (us, ) Tj ET Q q 0 0 0 rg BT 446.99 135.50 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 464.06 135.50 Td (Hyde ) Tj ET Q q 0 0 0 rg BT 487.51 135.50 Td (was ) Tj ET Q q 0 0 0 rg BT 504.72 135.50 Td (V) Tj ET Q q 0 0 0 rg BT 511.35 135.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 524.79 135.50 Td (President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.50 Td (of ) Tj ET Q q 0 0 0 rg BT 61.81 123.50 Td (Human ) Tj ET Q q 0 0 0 rg BT 94.73 123.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 139.32 123.50 Td (with ) Tj ET Q q 0 0 0 rg BT 160.58 123.50 Td (Celanese, ) Tj ET Q q 0 0 0 rg BT 202.65 123.50 Td (a ) Tj ET Q q 0 0 0 rg BT 210.58 123.50 Td (global ) Tj ET Q q 0 0 0 rg BT 239.05 123.50 Td (specialty ) Tj ET Q q 0 0 0 rg BT 278.08 123.50 Td (materials ) Tj ET Q q 0 0 0 rg BT 318.21 123.50 Td (company) Tj ET Q q 0 0 0 rg BT 354.22 123.50 Td (, ) Tj ET Q q 0 0 0 rg BT 360.20 123.50 Td (from ) Tj ET Q q 0 0 0 rg BT 383.12 123.50 Td (2008 ) Tj ET Q q 0 0 0 rg BT 406.60 123.50 Td (to ) Tj ET Q q 0 0 0 rg BT 417.87 123.50 Td (201) Tj ET Q q 0 0 0 rg BT 432.49 123.50 Td (1. ) Tj ET Q q 0 0 0 rg BT 443.48 123.50 Td (Previously) Tj ET Q q 0 0 0 rg BT 485.61 123.50 Td (, ) Tj ET Q q 0 0 0 rg BT 491.59 123.50 Td (she ) Tj ET Q q 0 0 0 rg BT 508.40 123.50 Td (led ) Tj ET Q q 0 0 0 rg BT 524.10 123.50 Td (the ) Tj ET Q q 0 0 0 rg BT 539.80 123.50 Td (talent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.50 Td (management, ) Tj ET Q q 0 0 0 rg BT 105.93 111.50 Td (development, ) Tj ET Q q 0 0 0 rg BT 162.43 111.50 Td (and ) Tj ET Q q 0 0 0 rg BT 179.21 111.50 Td (communications ) Tj ET Q q 0 0 0 rg BT 247.65 111.50 Td (functions ) Tj ET Q q 0 0 0 rg BT 287.21 111.50 Td (for ) Tj ET Q q 0 0 0 rg BT 301.22 111.50 Td (Life ) Tj ET Q q 0 0 0 rg BT 320.05 111.50 Td (T) Tj ET Q q 0 0 0 rg BT 325.46 111.50 Td (echnologies, ) Tj ET Q q 0 0 0 rg BT 378.06 111.50 Td (a ) Tj ET Q q 0 0 0 rg BT 384.85 111.50 Td (biotechnology ) Tj ET Q q 0 0 0 rg BT 444.40 111.50 Td (company) Tj ET Q q 0 0 0 rg BT 480.41 111.50 Td (, ) Tj ET Q q 0 0 0 rg BT 485.25 111.50 Td (from ) Tj ET Q q 0 0 0 rg BT 507.03 111.50 Td (2005 ) Tj ET Q q 0 0 0 rg BT 529.38 111.50 Td (to ) Tj ET Q q 0 0 0 rg BT 539.50 111.50 Td (2008. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.50 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 67.78 99.50 Td (Hyde ) Tj ET Q q 0 0 0 rg BT 91.94 99.50 Td (also ) Tj ET Q q 0 0 0 rg BT 110.55 99.50 Td (worked ) Tj ET Q q 0 0 0 rg BT 143.04 99.50 Td (at ) Tj ET Q q 0 0 0 rg BT 152.76 99.50 Td (Dell ) Tj ET Q q 0 0 0 rg BT 172.48 99.50 Td (Computer ) Tj ET Q q 0 0 0 rg BT 214.97 99.50 Td (from ) Tj ET Q q 0 0 0 rg BT 236.91 99.50 Td (2000 ) Tj ET Q q 0 0 0 rg BT 259.41 99.50 Td (to ) Tj ET Q q 0 0 0 rg BT 269.69 99.50 Td (2005 ) Tj ET Q q 0 0 0 rg BT 292.19 99.50 Td (in ) Tj ET Q q 0 0 0 rg BT 302.47 99.50 Td (a ) Tj ET Q q 0 0 0 rg BT 309.40 99.50 Td (variety ) Tj ET Q q 0 0 0 rg BT 339.67 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 350.50 99.50 Td (Human ) Tj ET Q q 0 0 0 rg BT 382.44 99.50 Td (Resources ) Tj ET Q q 0 0 0 rg BT 426.04 99.50 Td (leadership ) Tj ET Q q 0 0 0 rg BT 469.63 99.50 Td (positions. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 77.1669921875 m 115.3408203125 77.1669921875 l s q 0 0 0 rg BT 50.00 78.50 Td (Stefano ) Tj ET Q q 0 0 0 rg BT 83.12 78.50 Td (Gaggini) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.34 78.50 Td ( ) Tj ET Q q 0 0 0 rg BT 117.92 78.50 Td (joined ) Tj ET Q q 0 0 0 rg BT 145.49 78.50 Td (us ) Tj ET Q q 0 0 0 rg BT 156.96 78.50 Td (in ) Tj ET Q q 0 0 0 rg BT 167.31 78.50 Td (July ) Tj ET Q q 0 0 0 rg BT 186.56 78.50 Td (201) Tj ET Q q 0 0 0 rg BT 201.19 78.50 Td (1 ) Tj ET Q q 0 0 0 rg BT 208.77 78.50 Td (as ) Tj ET Q q 0 0 0 rg BT 219.67 78.50 Td (Senior ) Tj ET Q q 0 0 0 rg BT 248.36 78.50 Td (Manager ) Tj ET Q q 0 0 0 rg BT 286.47 78.50 Td (of ) Tj ET Q q 0 0 0 rg BT 297.38 78.50 Td (SEC ) Tj ET Q q 0 0 0 rg BT 318.30 78.50 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 360.87 78.50 Td (and ) Tj ET Q q 0 0 0 rg BT 377.70 78.50 Td (T) Tj ET Q q 0 0 0 rg BT 383.11 78.50 Td (echnical ) Tj ET Q q 0 0 0 rg BT 418.43 78.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 467.66 78.50 Td (and ) Tj ET Q q 0 0 0 rg BT 484.68 78.50 Td (became ) Tj ET Q q 0 0 0 rg BT 517.79 78.50 Td (Director ) Tj ET Q q 0 0 0 rg BT 553.68 78.50 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.50 Td (SEC ) Tj ET Q q 0 0 0 rg BT 72.83 66.50 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 117.31 66.50 Td (and ) Tj ET Q q 0 0 0 rg BT 135.91 66.50 Td (T) Tj ET Q q 0 0 0 rg BT 141.32 66.50 Td (echnical ) Tj ET Q q 0 0 0 rg BT 178.13 66.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 229.27 66.50 Td (in ) Tj ET Q q 0 0 0 rg BT 241.53 66.50 Td (March ) Tj ET Q q 0 0 0 rg BT 272.12 66.50 Td (2012. ) Tj ET Q q 0 0 0 rg BT 299.10 66.50 Td (He ) Tj ET Q q 0 0 0 rg BT 315.25 66.50 Td (became ) Tj ET Q q 0 0 0 rg BT 349.94 66.50 Td (V) Tj ET Q q 0 0 0 rg BT 356.56 66.50 Td (ice ) Tj ET Q q 0 0 0 rg BT 372.71 66.50 Td (President, ) Tj ET Q q 0 0 0 rg BT 416.91 66.50 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 461.38 66.50 Td (Controller ) Tj ET Q q 0 0 0 rg BT 506.97 66.50 Td (and ) Tj ET Q q 0 0 0 rg BT 525.90 66.50 Td (Principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.50 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 99.55 54.50 Td (Of) Tj ET Q q 0 0 0 rg BT 109.92 54.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 131.13 54.50 Td (in ) Tj ET Q q 0 0 0 rg BT 141.80 54.50 Td (December ) Tj ET Q q 0 0 0 rg BT 185.77 54.50 Td (2013. ) Tj ET Q q 0 0 0 rg BT 211.16 54.50 Td (Prior ) Tj ET Q q 0 0 0 rg BT 234.06 54.50 Td (to ) Tj ET Q q 0 0 0 rg BT 244.73 54.50 Td (joining ) Tj ET Q q 0 0 0 rg BT 275.95 54.50 Td (Schnitzer) Tj ET Q q 0 0 0 rg BT 313.32 54.50 Td (, ) Tj ET Q q 0 0 0 rg BT 318.71 54.50 Td (Mr) Tj ET Q q 0 0 0 rg BT 330.38 54.50 Td (. ) Tj ET Q q 0 0 0 rg BT 335.77 54.50 Td (Gaggini ) Tj ET Q q 0 0 0 rg BT 370.88 54.50 Td (was ) Tj ET Q q 0 0 0 rg BT 389.32 54.50 Td (a ) Tj ET Q q 0 0 0 rg BT 396.65 54.50 Td (senior ) Tj ET Q q 0 0 0 rg BT 423.99 54.50 Td (manager ) Tj ET Q q 0 0 0 rg BT 461.30 54.50 Td (at ) Tj ET Q q 0 0 0 rg BT 471.41 54.50 Td (KPMG ) Tj ET Q q 0 0 0 rg BT 503.20 54.50 Td (LLP) Tj ET Q q 0 0 0 rg BT 519.87 54.50 Td (, ) Tj ET Q q 0 0 0 rg BT 525.26 54.50 Td (where ) Tj ET Q q 0 0 0 rg BT 552.58 54.50 Td (he ) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (90) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (served ) Tj ET Q q 0 0 0 rg BT 78.56 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.80 742.10 Td (various ) Tj ET Q q 0 0 0 rg BT 120.71 742.10 Td (auditing ) Tj ET Q q 0 0 0 rg BT 155.94 742.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 177.84 742.10 Td (since ) Tj ET Q q 0 0 0 rg BT 200.85 742.10 Td (1998 ) Tj ET Q q 0 0 0 rg BT 223.32 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.56 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.24 742.10 Td (Portland, ) Tj ET Q q 0 0 0 rg BT 287.09 742.10 Td (Oregon ) Tj ET Q q 0 0 0 rg BT 319.54 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.45 742.10 Td (Zurich, ) Tj ET Q q 0 0 0 rg BT 368.06 742.10 Td (Switzerland ) Tj ET Q q 0 0 0 rg BT 418.29 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 426.44 742.10 Td (fices. ) Tj ET Q q 0 0 0 rg BT 450.28 742.10 Td (He ) Tj ET Q q 0 0 0 rg BT 464.40 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 473.54 742.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 508.76 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 519.56 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.46 742.10 Td (Certified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 77.50 730.10 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 126.10 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.09 730.10 Td (State ) Tj ET Q q 0 0 0 rg BT 173.59 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.42 730.10 Td (Oregon.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (Code of Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.10 Td (On ) Tj ET Q q 0 0 0 rg BT 63.96 691.10 Td (April28, ) Tj ET Q q 0 0 0 rg BT 102.29 691.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 127.02 691.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.47 691.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 168.13 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.69 691.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 218.13 691.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 257.56 691.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.23 691.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 295.33 691.10 Td (Company) Tj ET Q q 0 0 0 rg BT 337.00 691.10 Td (s ) Tj ET Q q 0 0 0 rg BT 343.12 691.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 366.45 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.01 691.10 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 413.13 691.10 Td (that ) Tj ET Q q 0 0 0 rg BT 430.35 691.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.25 691.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 482.57 691.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.57 691.10 Td (all ) Tj ET Q q 0 0 0 rg BT 504.79 691.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.35 691.10 Td (its ) Tj ET Q q 0 0 0 rg BT 527.03 691.10 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.12 679.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 113.07 679.10 Td (It ) Tj ET Q q 0 0 0 rg BT 120.86 679.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 155.87 679.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 197.54 679.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 240.90 679.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.58 679.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 281.48 679.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.94 679.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.84 679.10 Td (Company) Tj ET Q q 0 0 0 rg BT 346.50 679.10 Td (s ) Tj ET Q q 0 0 0 rg BT 352.08 679.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 389.30 679.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 429.30 679.10 Td (of) Tj ET Q q 0 0 0 rg BT 437.45 679.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 455.36 679.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.55 679.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 496.77 679.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 533.44 679.10 Td (of) Tj ET Q q 0 0 0 rg BT 541.59 679.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 559.50 679.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 89.70 667.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 137.73 667.10 Td (of) Tj ET Q q 0 0 0 rg BT 145.88 667.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 168.35 667.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.84 667.10 Td (controller) Tj ET Q q 0 0 0 rg BT 219.32 667.10 Td (, ) Tj ET Q q 0 0 0 rg BT 225.97 667.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.57 667.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 279.28 667.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 328.43 667.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 360.36 667.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 401.73 667.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 421.44 667.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 456.14 667.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 497.52 667.10 Td (Of) Tj ET Q q 0 0 0 rg BT 507.89 667.10 Td (ficers\). ) Tj ET Q q 0 0 0 rg BT 544.22 667.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (document ) Tj ET Q q 0 0 0 rg BT 90.79 655.10 Td (is ) Tj ET Q q 0 0 0 rg BT 98.82 655.10 Td (posted ) Tj ET Q q 0 0 0 rg BT 126.28 655.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.64 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.21 655.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 192.55 655.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 242.21 655.10 Td (page ) Tj ET Q q 0 0 0 rg BT 262.45 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.13 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.71 655.10 Td (Company) Tj ET Q q 0 0 0 rg BT 327.37 655.10 Td (s ) Tj ET Q q 0 0 0 rg BT 332.62 655.10 Td (internet ) Tj ET Q q 0 0 0 rg BT 364.52 655.10 Td (website ) Tj ET Q q 0 0 0 rg BT 396.42 655.10 Td (\(www) Tj ET Q q 0 0 0 rg BT 420.77 655.10 Td (.schnitzersteel.com\) ) Tj ET Q q 0 0 0 rg BT 502.09 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.89 655.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.91 655.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (free ) Tj ET Q q 0 0 0 rg BT 68.61 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.00 643.10 Td (char) Tj ET Q q 0 0 0 rg BT 97.03 643.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 109.54 643.10 Td (by ) Tj ET Q q 0 0 0 rg BT 122.61 643.10 Td (calling ) Tj ET Q q 0 0 0 rg BT 152.89 643.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.17 643.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 210.13 643.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.53 643.10 Td (submitting ) Tj ET Q q 0 0 0 rg BT 267.38 643.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.89 643.10 Td (request ) Tj ET Q q 0 0 0 rg BT 306.83 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.68 643.10 Td (ir@schn.com. ) Tj ET Q q 0 0 0 rg BT 376.39 643.10 Td (The ) Tj ET Q q 0 0 0 rg BT 395.01 643.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.96 643.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 468.92 643.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.77 643.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 508.94 643.10 Td (its ) Tj ET Q q 0 0 0 rg BT 521.46 643.10 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 96.43 631.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.20 631.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 146.51 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.27 631.10 Td (any ) Tj ET Q q 0 0 0 rg BT 172.70 631.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 225.23 631.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.00 631.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.32 631.10 Td (waivers ) Tj ET Q q 0 0 0 rg BT 278.41 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.73 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.94 631.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 326.04 631.10 Td (for ) Tj ET Q q 0 0 0 rg BT 339.69 631.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 379.16 631.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 419.46 631.10 Td (of) Tj ET Q q 0 0 0 rg BT 427.61 631.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 451.81 631.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.13 631.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 490.22 631.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 529.43 631.10 Td (Of) Tj ET Q q 0 0 0 rg BT 539.80 631.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 619.10 Td (posting ) Tj ET Q q 0 0 0 rg BT 94.45 619.10 Td (such ) Tj ET Q q 0 0 0 rg BT 115.28 619.10 Td (information ) Tj ET Q q 0 0 0 rg BT 164.99 619.10 Td (on ) Tj ET Q q 0 0 0 rg BT 177.49 619.10 Td (its ) Tj ET Q q 0 0 0 rg BT 189.44 619.10 Td (internet ) Tj ET Q q 0 0 0 rg BT 222.48 619.10 Td (website ) Tj ET Q q 0 0 0 rg BT 255.53 619.10 Td (set ) Tj ET Q q 0 0 0 rg BT 269.14 619.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 291.07 619.10 Td (above ) Tj ET Q q 0 0 0 rg BT 317.45 619.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 343.27 619.10 Td (than ) Tj ET Q q 0 0 0 rg BT 362.98 619.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.48 619.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 399.65 619.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.59 619.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 430.76 619.10 Td (8-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (ITEM1) Tj ET Q q 0 0 0 rg BT 83.62 598.10 Td (1. EXECUTIVE COMPENSA) Tj ET Q q 0 0 0 rg BT 212.06 598.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.79 577.10 Td (information ) Tj ET Q q 0 0 0 rg BT 119.25 577.10 Td (required ) Tj ET Q q 0 0 0 rg BT 155.82 577.10 Td (by ) Tj ET Q q 0 0 0 rg BT 169.06 577.10 Td (Items ) Tj ET Q q 0 0 0 rg BT 194.53 577.10 Td (402, ) Tj ET Q q 0 0 0 rg BT 215.27 577.10 Td (407\(e\)\(4\) ) Tj ET Q q 0 0 0 rg BT 256.28 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.96 577.10 Td (407\(e\)\(5\) ) Tj ET Q q 0 0 0 rg BT 314.97 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.55 577.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 373.68 577.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 393.04 577.10 Td (will ) Tj ET Q q 0 0 0 rg BT 411.84 577.10 Td (be ) Tj ET Q q 0 0 0 rg BT 424.53 577.10 Td (included ) Tj ET Q q 0 0 0 rg BT 462.21 577.10 Td (under ) Tj ET Q q 0 0 0 rg BT 488.22 577.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 553.68 577.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.12 565.10 Td (Of) Tj ET Q q 0 0 0 rg BT 102.49 565.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 133.78 565.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 198.13 565.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 244.17 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.27 565.10 Td (Analysis, ) Tj ET Q q 0 0 0 rg BT 304.35 565.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 344.25 565.10 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 411.10 565.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 457.66 565.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 508.11 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 514.78 565.10 Td (Assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 553.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 120.02 553.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 144.76 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.16 553.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 225.33 553.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 271.73 553.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 305.35 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.09 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.27 553.10 Td (Company) Tj ET Q q 0 0 0 rg BT 370.93 553.10 Td (s ) Tj ET Q q 0 0 0 rg BT 376.78 553.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 402.63 553.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 444.58 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.32 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 465.72 553.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 486.01 553.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.63 553.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.04 553.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.04 553.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.57 553.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 85.83 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.66 541.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 151.36 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.30 541.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.47 541.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 230.50 541.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 257.99 541.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.49 541.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (ITEM12. SECURITY) Tj ET Q q 0 0 0 rg BT 145.48 520.10 Td ( OWNERSHIP) Tj ET Q q 0 0 0 rg BT 209.66 520.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 225.67 520.10 Td ( CER) Tj ET Q q 0 0 0 rg BT 248.94 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 254.86 520.10 Td (AIN BENEFICIAL) Tj ET Q q 0 0 0 rg BT 337.38 520.10 Td ( OWNERS ) Tj ET Q q 0 0 0 rg BT 386.28 520.10 Td (AND MANAGEMENT) Tj ET Q q 0 0 0 rg BT 485.82 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.77 520.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 538.97 520.10 Td (TED ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (ST) Tj ET Q q 0 0 0 rg BT 62.05 508.10 Td (OCKHOLDER MA) Tj ET Q q 0 0 0 rg BT 146.59 508.10 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 99.26 487.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.54 487.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.36 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.64 487.10 Td (security ) Tj ET Q q 0 0 0 rg BT 190.79 487.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 233.95 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.78 487.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 272.49 487.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 313.41 487.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 343.79 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.73 487.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 414.82 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.65 487.10 Td (required ) Tj ET Q q 0 0 0 rg BT 459.46 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 470.96 487.10 Td (Item403 ) Tj ET Q q 0 0 0 rg BT 508.29 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.12 487.10 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (S-K, ) Tj ET Q q 0 0 0 rg BT 70.51 475.10 Td (will ) Tj ET Q q 0 0 0 rg BT 87.96 475.10 Td (be ) Tj ET Q q 0 0 0 rg BT 99.29 475.10 Td (included ) Tj ET Q q 0 0 0 rg BT 135.62 475.10 Td (under ) Tj ET Q q 0 0 0 rg BT 160.28 475.10 Td (V) Tj ET Q q 0 0 0 rg BT 170.65 475.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 193.10 475.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 234.43 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.76 475.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 288.76 475.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 347.29 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.97 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.08 475.10 Td (Company) Tj ET Q q 0 0 0 rg BT 412.74 475.10 Td (s ) Tj ET Q q 0 0 0 rg BT 418.53 475.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 444.31 475.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 486.20 475.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.75 475.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.09 475.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.09 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.57 475.10 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 86.12 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.24 463.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 152.24 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.47 463.10 Td (is ) Tj ET Q q 0 0 0 rg BT 178.94 463.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 232.26 463.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 260.04 463.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.83 463.10 Td (reference. ) Tj ET Q q 0 0 0 rg BT 315.31 463.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 365.86 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 386.44 463.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 417.54 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.12 463.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 468.67 463.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 513.67 463.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.12 463.10 Td (issuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (under ) Tj ET Q q 0 0 0 rg BT 76.08 451.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 104.38 451.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 163.23 451.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 190.15 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.79 451.10 Td (required ) Tj ET Q q 0 0 0 rg BT 238.42 451.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.73 451.10 Td (Item201\(d\) ) Tj ET Q q 0 0 0 rg BT 302.52 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.16 451.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 361.35 451.10 Td (S-K, ) Tj ET Q q 0 0 0 rg BT 383.28 451.10 Td (will ) Tj ET Q q 0 0 0 rg BT 402.14 451.10 Td (be ) Tj ET Q q 0 0 0 rg BT 414.89 451.10 Td (included ) Tj ET Q q 0 0 0 rg BT 452.63 451.10 Td (under ) Tj ET Q q 0 0 0 rg BT 478.71 451.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 544.23 451.10 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 105.74 439.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.05 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.81 439.10 Td (Company) Tj ET Q q 0 0 0 rg BT 174.47 439.10 Td (s ) Tj ET Q q 0 0 0 rg BT 181.90 439.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 209.33 439.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 252.86 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.05 439.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 439.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.79 439.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 336.77 439.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 373.63 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.50 439.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 441.24 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.22 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.42 439.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 523.49 439.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 552.01 439.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (ITEM13. CER) Tj ET Q q 0 0 0 rg BT 114.93 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.86 406.10 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 168.74 406.10 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 225.15 406.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 276.35 406.10 Td (TED ) Tj ET Q q 0 0 0 rg BT 299.23 406.10 Td (TRANSACTIONS, ) Tj ET Q q 0 0 0 rg BT 383.14 406.10 Td (AND DIRECT) Tj ET Q q 0 0 0 rg BT 446.03 406.10 Td (OR INDEPENDENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.21 385.10 Td (information ) Tj ET Q q 0 0 0 rg BT 116.08 385.10 Td (required ) Tj ET Q q 0 0 0 rg BT 151.05 385.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.71 385.10 Td (Items ) Tj ET Q q 0 0 0 rg BT 186.59 385.10 Td (404 ) Tj ET Q q 0 0 0 rg BT 203.25 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.34 385.10 Td (407\(a\) ) Tj ET Q q 0 0 0 rg BT 247.10 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.09 385.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 302.63 385.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 320.40 385.10 Td (will ) Tj ET Q q 0 0 0 rg BT 337.62 385.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.72 385.10 Td (included ) Tj ET Q q 0 0 0 rg BT 384.81 385.10 Td (under ) Tj ET Q q 0 0 0 rg BT 409.24 385.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 444.65 385.10 Td (T) Tj ET Q q 0 0 0 rg BT 450.41 385.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 501.49 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.59 385.10 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 101.31 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.32 373.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 145.64 373.10 Td (Independence ) Tj ET Q q 0 0 0 rg BT 208.61 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.40 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.62 373.10 Td (Company) Tj ET Q q 0 0 0 rg BT 276.29 373.10 Td (s ) Tj ET Q q 0 0 0 rg BT 283.19 373.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 310.09 373.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 353.09 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 367.75 373.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.21 373.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.21 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.55 373.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 435.00 373.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 471.33 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.67 373.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 537.89 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 555.33 373.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 103.03 361.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 130.52 361.10 Td (by ) Tj ET Q q 0 0 0 rg BT 143.02 361.10 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (ITEM14. PRINCIP) Tj ET Q q 0 0 0 rg BT 135.09 340.10 Td (AL) Tj ET Q q 0 0 0 rg BT 148.43 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.38 340.10 Td (ACCOUNT) Tj ET Q q 0 0 0 rg BT 200.20 340.10 Td (ANT) Tj ET Q q 0 0 0 rg BT 221.13 340.10 Td ( FEES ) Tj ET Q q 0 0 0 rg BT 250.59 340.10 Td (AND SER) Tj ET Q q 0 0 0 rg BT 293.85 340.10 Td (VICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 99.25 319.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 139.05 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.75 319.10 Td (Company) Tj ET Q q 0 0 0 rg BT 194.41 319.10 Td (s ) Tj ET Q q 0 0 0 rg BT 199.79 319.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 236.82 319.10 Td (accountant ) Tj ET Q q 0 0 0 rg BT 281.61 319.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 299.19 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.12 319.10 Td (services ) Tj ET Q q 0 0 0 rg BT 348.81 319.10 Td (required ) Tj ET Q q 0 0 0 rg BT 383.61 319.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.09 319.10 Td (Item9\(e\) ) Tj ET Q q 0 0 0 rg BT 433.50 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.32 319.10 Td (Schedule ) Tj ET Q q 0 0 0 rg BT 481.46 319.10 Td (14A) Tj ET Q q 0 0 0 rg BT 498.13 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.61 319.10 Td (will ) Tj ET Q q 0 0 0 rg BT 516.65 319.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.57 319.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (under ) Tj ET Q q 0 0 0 rg BT 76.30 307.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 133.68 307.10 Td (Registered ) Tj ET Q q 0 0 0 rg BT 179.98 307.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 208.28 307.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 258.46 307.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 285.88 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 297.18 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.92 307.10 Td (Company) Tj ET Q q 0 0 0 rg BT 354.59 307.10 Td (s ) Tj ET Q q 0 0 0 rg BT 362.01 307.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 389.43 307.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 432.94 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.13 307.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.11 307.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.11 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.85 307.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 516.82 307.10 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 553.67 307.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 104.71 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 295.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.82 295.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 183.85 295.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 211.33 295.10 Td (by ) Tj ET Q q 0 0 0 rg BT 223.83 295.10 Td (reference.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 187 0 obj <>] /Rotate 0 /Contents 188 0 R>> endobj 188 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (91) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.60 742.10 Td (P) Tj ET Q q 0 0 0 rg BT 292.24 742.10 Td (AR) Tj ET Q q 0 0 0 rg BT 305.53 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 311.46 742.10 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (ITEM15. EXHIBITS ) Tj ET Q q 0 0 0 rg BT 144.47 718.10 Td (AND FINANCIAL) Tj ET Q q 0 0 0 rg BT 224.76 718.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 238.75 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 245.22 718.10 Td (TEMENT) Tj ET Q q 0 0 0 rg BT 288.38 718.10 Td ( SCHEDULES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.40 698.17 Td (\(a\) 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 698.17 Td (Thefollowingfinancialstatementsare ) Tj ET Q q 0 0 0 rg BT 268.33 698.17 Td (filedaspartofthisreport:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 682.27 Td (The ) Tj ET Q q 0 0 0 rg BT 128.86 682.27 Td (Report ) Tj ET Q q 0 0 0 rg BT 157.38 682.27 Td (of ) Tj ET Q q 0 0 0 rg BT 167.02 682.27 Td (Independent ) Tj ET Q q 0 0 0 rg BT 217.76 682.27 Td (Registered ) Tj ET Q q 0 0 0 rg BT 261.83 682.27 Td (Public ) Tj ET Q q 0 0 0 rg BT 288.68 682.27 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 336.37 682.27 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 359.63 682.27 Td (the ) Tj ET Q q 0 0 0 rg BT 373.16 682.27 Td (Company) Tj ET Q q 0 0 0 rg BT 415.10 682.27 Td (s ) Tj ET Q q 0 0 0 rg BT 420.03 682.27 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 474.11 682.27 Td (Financial ) Tj ET Q q 0 0 0 rg BT 512.63 682.27 Td (Statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 672.27 Td (the ) Tj ET Q q 0 0 0 rg BT 126.72 672.27 Td (Notes ) Tj ET Q q 0 0 0 rg BT 152.55 672.27 Td (thereto ) Tj ET Q q 0 0 0 rg BT 182.81 672.27 Td (and ) Tj ET Q q 0 0 0 rg BT 199.75 672.27 Td (the ) Tj ET Q q 0 0 0 rg BT 214.47 672.27 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 253.06 672.27 Td (financial ) Tj ET Q q 0 0 0 rg BT 290.54 672.27 Td (data ) Tj ET Q q 0 0 0 rg BT 309.70 672.27 Td (\(unaudited\) ) Tj ET Q q 0 0 0 rg BT 358.29 672.27 Td (are ) Tj ET Q q 0 0 0 rg BT 373.00 672.27 Td (on ) Tj ET Q q 0 0 0 rg BT 385.50 672.27 Td (pages ) Tj ET Q q 0 0 0 rg BT 410.76 672.27 Td (47 ) Tj ET Q q 0 0 0 rg BT 423.26 672.27 Td (through ) Tj ET Q q 0 0 0 rg BT 456.87 672.27 Td (87 ) Tj ET Q q 0 0 0 rg BT 469.37 672.27 Td (of ) Tj ET Q q 0 0 0 rg BT 480.20 672.27 Td (this ) Tj ET Q q 0 0 0 rg BT 497.15 672.27 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.65 650.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 650.17 Td (The ) Tj ET Q q 0 0 0 rg BT 130.05 650.17 Td (following ) Tj ET Q q 0 0 0 rg BT 171.43 650.17 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.91 650.17 Td (statement ) Tj ET Q q 0 0 0 rg BT 249.73 650.17 Td (schedule ) Tj ET Q q 0 0 0 rg BT 287.22 650.17 Td (is ) Tj ET Q q 0 0 0 rg BT 296.39 650.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.21 650.17 Td (as ) Tj ET Q q 0 0 0 rg BT 328.04 650.17 Td (part ) Tj ET Q q 0 0 0 rg BT 346.09 650.17 Td (of ) Tj ET Q q 0 0 0 rg BT 356.92 650.17 Td (this ) Tj ET Q q 0 0 0 rg BT 373.87 650.17 Td (report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 634.27 Td (Schedule II Valuation and Qualifying Accounts is on page 88 of this report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 620.17 Td (All ) Tj ET Q q 0 0 0 rg BT 127.28 620.17 Td (other ) Tj ET Q q 0 0 0 rg BT 150.33 620.17 Td (schedules ) Tj ET Q q 0 0 0 rg BT 191.70 620.17 Td (are ) Tj ET Q q 0 0 0 rg BT 206.41 620.17 Td (omitted ) Tj ET Q q 0 0 0 rg BT 239.46 620.17 Td (as ) Tj ET Q q 0 0 0 rg BT 250.29 620.17 Td (the ) Tj ET Q q 0 0 0 rg BT 265.01 620.17 Td (information ) Tj ET Q q 0 0 0 rg BT 314.72 620.17 Td (is ) Tj ET Q q 0 0 0 rg BT 323.89 620.17 Td (either ) Tj ET Q q 0 0 0 rg BT 349.15 620.17 Td (not ) Tj ET Q q 0 0 0 rg BT 364.43 620.17 Td (applicable ) Tj ET Q q 0 0 0 rg BT 408.02 620.17 Td (or ) Tj ET Q q 0 0 0 rg BT 418.85 620.17 Td (is ) Tj ET Q q 0 0 0 rg BT 428.02 620.17 Td (not ) Tj ET Q q 0 0 0 rg BT 443.30 620.17 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.65 597.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 597.17 Td (The ) Tj ET Q q 0 0 0 rg BT 130.05 597.17 Td (following ) Tj ET Q q 0 0 0 rg BT 171.43 597.17 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 205.60 597.17 Td (are ) Tj ET Q q 0 0 0 rg BT 220.31 597.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 241.13 597.17 Td (as ) Tj ET Q q 0 0 0 rg BT 251.96 597.17 Td (part ) Tj ET Q q 0 0 0 rg BT 270.01 597.17 Td (of ) Tj ET Q q 0 0 0 rg BT 280.84 597.17 Td (this ) Tj ET Q q 0 0 0 rg BT 297.79 597.17 Td (report:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 575.17 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 575.17 Td (2006 ) Tj ET Q q 0 0 0 rg BT 134.71 575.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 171.53 575.17 Td (Articles ) Tj ET Q q 0 0 0 rg BT 205.62 575.17 Td (of ) Tj ET Q q 0 0 0 rg BT 216.67 575.17 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 273.80 575.17 Td (\(as ) Tj ET Q q 0 0 0 rg BT 288.17 575.17 Td (corrected ) Tj ET Q q 0 0 0 rg BT 328.08 575.17 Td (December ) Tj ET Q q 0 0 0 rg BT 371.87 575.17 Td (2, ) Tj ET Q q 0 0 0 rg BT 382.08 575.17 Td (201) Tj ET Q q 0 0 0 rg BT 396.90 575.17 Td (1\) ) Tj ET Q q 0 0 0 rg BT 407.75 575.17 Td (of ) Tj ET Q q 0 0 0 rg BT 418.80 575.17 Td (the ) Tj ET Q q 0 0 0 rg BT 433.72 575.17 Td (Registrant. ) Tj ET Q q 0 0 0 rg BT 480.04 575.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 503.31 575.17 Td (as ) Tj ET Q q 0 0 0 rg BT 514.35 575.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 546.50 575.17 Td (3.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 565.17 Td (to ) Tj ET Q q 0 0 0 rg BT 122.50 565.17 Td (the ) Tj ET Q q 0 0 0 rg BT 137.45 565.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 181.60 565.17 Td (s ) Tj ET Q q 0 0 0 rg BT 187.95 565.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 228.99 565.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 258.93 565.17 Td (on ) Tj ET Q q 0 0 0 rg BT 271.66 565.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 296.05 565.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 319.33 565.17 Td (for ) Tj ET Q q 0 0 0 rg BT 333.72 565.17 Td (the ) Tj ET Q q 0 0 0 rg BT 348.66 565.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 379.70 565.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 406.30 565.17 Td (November ) Tj ET Q q 0 0 0 rg BT 451.24 565.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 466.46 565.17 Td (201) Tj ET Q q 0 0 0 rg BT 481.28 565.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 491.32 565.17 Td (and ) Tj ET Q q 0 0 0 rg BT 508.48 565.17 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 555.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.49 555.17 Td (by ) Tj ET Q q 0 0 0 rg BT 151.99 555.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 533.17 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 533.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 149.02 533.17 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 181.60 533.17 Td (of ) Tj ET Q q 0 0 0 rg BT 192.52 533.17 Td (the ) Tj ET Q q 0 0 0 rg BT 207.32 533.17 Td (Registrant. ) Tj ET Q q 0 0 0 rg BT 253.51 533.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 276.65 533.17 Td (as ) Tj ET Q q 0 0 0 rg BT 287.56 533.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 319.59 533.17 Td (3.1 ) Tj ET Q q 0 0 0 rg BT 334.67 533.17 Td (to ) Tj ET Q q 0 0 0 rg BT 345.04 533.17 Td (the ) Tj ET Q q 0 0 0 rg BT 359.84 533.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 404.00 533.17 Td (s ) Tj ET Q q 0 0 0 rg BT 410.20 533.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 443.33 533.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 473.13 533.17 Td (on ) Tj ET Q q 0 0 0 rg BT 485.71 533.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 509.97 533.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 528.10 533.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 549.01 533.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 523.17 Td (December ) Tj ET Q q 0 0 0 rg BT 155.58 523.17 Td (13, ) Tj ET Q q 0 0 0 rg BT 170.58 523.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 195.58 523.17 Td (and ) Tj ET Q q 0 0 0 rg BT 212.52 523.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 265.55 523.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 293.04 523.17 Td (by ) Tj ET Q q 0 0 0 rg BT 305.54 523.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 501.17 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 501.17 Td (Rights ) Tj ET Q q 0 0 0 rg BT 140.53 501.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 189.92 501.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 214.32 501.17 Td (March ) Tj ET Q q 0 0 0 rg BT 243.16 501.17 Td (21, ) Tj ET Q q 0 0 0 rg BT 258.41 501.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 283.65 501.17 Td (between ) Tj ET Q q 0 0 0 rg BT 319.71 501.17 Td (the ) Tj ET Q q 0 0 0 rg BT 334.67 501.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 378.51 501.17 Td (and ) Tj ET Q q 0 0 0 rg BT 395.59 501.17 Td (W) Tj ET Q q 0 0 0 rg BT 404.54 501.17 Td (ells ) Tj ET Q q 0 0 0 rg BT 420.77 501.17 Td (Far) Tj ET Q q 0 0 0 rg BT 434.01 501.17 Td (go ) Tj ET Q q 0 0 0 rg BT 446.66 501.17 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 473.01 501.17 Td (N.A. ) Tj ET Q q 0 0 0 rg BT 495.20 501.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 518.50 501.17 Td (as ) Tj ET Q q 0 0 0 rg BT 529.57 501.17 Td (Exhibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 491.17 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 126.32 491.17 Td (to ) Tj ET Q q 0 0 0 rg BT 135.91 491.17 Td (the ) Tj ET Q q 0 0 0 rg BT 149.94 491.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 194.10 491.17 Td (s ) Tj ET Q q 0 0 0 rg BT 199.53 491.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 231.90 491.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 260.93 491.17 Td (on ) Tj ET Q q 0 0 0 rg BT 272.75 491.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 296.23 491.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 313.60 491.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 333.74 491.17 Td (on ) Tj ET Q q 0 0 0 rg BT 345.56 491.17 Td (March ) Tj ET Q q 0 0 0 rg BT 373.47 491.17 Td (22, ) Tj ET Q q 0 0 0 rg BT 387.79 491.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 412.11 491.17 Td (and ) Tj ET Q q 0 0 0 rg BT 428.36 491.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 480.71 491.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 507.51 491.17 Td (by ) Tj ET Q q 0 0 0 rg BT 519.33 491.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 469.17 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 469.17 Td (Second Amended and Restated Credit Agreement, dated February 9, 2011, between the Registrant, Bank of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 459.17 Td (America, NA, and the Other Lenders Party Thereto. Filed as Exhibit 4.1 to the Registrants Quarterly Report on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 449.17 Td (Form 10-Q for the quarter ended May 31, 2011, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 427.17 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 427.17 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 165.75 427.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 189.23 427.17 Td (as ) Tj ET Q q 0 0 0 rg BT 199.38 427.17 Td (of ) Tj ET Q q 0 0 0 rg BT 209.40 427.17 Td (April ) Tj ET Q q 0 0 0 rg BT 232.05 427.17 Td (1) Tj ET Q q 0 0 0 rg BT 236.86 427.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 246.00 427.17 Td (2012, ) Tj ET Q q 0 0 0 rg BT 270.32 427.17 Td (to ) Tj ET Q q 0 0 0 rg BT 279.91 427.17 Td (Second ) Tj ET Q q 0 0 0 rg BT 311.05 427.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 351.47 427.17 Td (and ) Tj ET Q q 0 0 0 rg BT 367.72 427.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 403.98 427.17 Td (Credit ) Tj ET Q q 0 0 0 rg BT 430.66 427.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 479.13 427.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 502.60 427.17 Td (as ) Tj ET Q q 0 0 0 rg BT 512.75 427.17 Td (of ) Tj ET Q q 0 0 0 rg BT 522.90 427.17 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 417.17 Td (9, ) Tj ET Q q 0 0 0 rg BT 122.48 417.17 Td (201) Tj ET Q q 0 0 0 rg BT 137.29 417.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 147.58 417.17 Td (among ) Tj ET Q q 0 0 0 rg BT 177.77 417.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 218.51 417.17 Td (Steel ) Tj ET Q q 0 0 0 rg BT 241.48 417.17 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 286.39 417.17 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 307.14 417.17 Td (as ) Tj ET Q q 0 0 0 rg BT 318.44 417.17 Td (US ) Tj ET Q q 0 0 0 rg BT 334.20 417.17 Td (Borrower) Tj ET Q q 0 0 0 rg BT 372.32 417.17 Td (, ) Tj ET Q q 0 0 0 rg BT 377.60 417.17 Td (and ) Tj ET Q q 0 0 0 rg BT 395.01 417.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 435.75 417.17 Td (Steel ) Tj ET Q q 0 0 0 rg BT 458.72 417.17 Td (BC, ) Tj ET Q q 0 0 0 rg BT 477.53 417.17 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 498.28 417.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 539.02 417.17 Td (Steel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 407.17 Td (Pacific, ) Tj ET Q q 0 0 0 rg BT 145.42 407.17 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 166.34 407.17 Td (as ) Tj ET Q q 0 0 0 rg BT 177.82 407.17 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 218.73 407.17 Td (Borrowers, ) Tj ET Q q 0 0 0 rg BT 266.60 407.17 Td (Bank ) Tj ET Q q 0 0 0 rg BT 290.86 407.17 Td (of ) Tj ET Q q 0 0 0 rg BT 301.92 407.17 Td (America, ) Tj ET Q q 0 0 0 rg BT 341.72 407.17 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 366.81 407.17 Td (as ) Tj ET Q q 0 0 0 rg BT 377.88 407.17 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 440.32 407.17 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 470.14 407.17 Td (and ) Tj ET Q q 0 0 0 rg BT 487.73 407.17 Td (the ) Tj ET Q q 0 0 0 rg BT 503.10 407.17 Td (other ) Tj ET Q q 0 0 0 rg BT 526.79 407.17 Td (Lenders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 397.17 Td (party ) Tj ET Q q 0 0 0 rg BT 135.14 397.17 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 168.00 397.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 191.15 397.17 Td (as ) Tj ET Q q 0 0 0 rg BT 202.08 397.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 234.12 397.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 254.21 397.17 Td (to ) Tj ET Q q 0 0 0 rg BT 264.59 397.17 Td (the ) Tj ET Q q 0 0 0 rg BT 279.40 397.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 323.56 397.17 Td (s ) Tj ET Q q 0 0 0 rg BT 329.77 397.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 362.91 397.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 392.72 397.17 Td (on ) Tj ET Q q 0 0 0 rg BT 405.32 397.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 429.58 397.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 447.73 397.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 468.65 397.17 Td (on ) Tj ET Q q 0 0 0 rg BT 480.95 397.17 Td (April ) Tj ET Q q 0 0 0 rg BT 504.37 397.17 Td (16, ) Tj ET Q q 0 0 0 rg BT 519.47 397.17 Td (2012, ) Tj ET Q q 0 0 0 rg BT 544.56 397.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 387.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 387.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 387.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 387.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 365.17 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 365.17 Td (Second ) Tj ET Q q 0 0 0 rg BT 143.13 365.17 Td (Amendment, ) Tj ET Q q 0 0 0 rg BT 197.23 365.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 221.05 365.17 Td (as ) Tj ET Q q 0 0 0 rg BT 231.55 365.17 Td (of ) Tj ET Q q 0 0 0 rg BT 242.04 365.17 Td (October ) Tj ET Q q 0 0 0 rg BT 276.42 365.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 291.08 365.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 315.75 365.17 Td (to ) Tj ET Q q 0 0 0 rg BT 325.70 365.17 Td (Second ) Tj ET Q q 0 0 0 rg BT 356.82 365.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 397.87 365.17 Td (and ) Tj ET Q q 0 0 0 rg BT 414.47 365.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 451.07 365.17 Td (Credit ) Tj ET Q q 0 0 0 rg BT 477.76 365.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 526.85 365.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 550.67 365.17 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 355.17 Td (of ) Tj ET Q q 0 0 0 rg BT 122.53 355.17 Td (February ) Tj ET Q q 0 0 0 rg BT 160.82 355.17 Td (9, ) Tj ET Q q 0 0 0 rg BT 170.52 355.17 Td (201) Tj ET Q q 0 0 0 rg BT 185.15 355.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 194.84 355.17 Td (among ) Tj ET Q q 0 0 0 rg BT 224.26 355.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 264.22 355.17 Td (Steel ) Tj ET Q q 0 0 0 rg BT 286.41 355.17 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 330.54 355.17 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 350.51 355.17 Td (as ) Tj ET Q q 0 0 0 rg BT 361.03 355.17 Td (US ) Tj ET Q q 0 0 0 rg BT 376.01 355.17 Td (Borrower) Tj ET Q q 0 0 0 rg BT 413.93 355.17 Td (, ) Tj ET Q q 0 0 0 rg BT 418.63 355.17 Td (and ) Tj ET Q q 0 0 0 rg BT 435.26 355.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 475.22 355.17 Td (Steel ) Tj ET Q q 0 0 0 rg BT 497.42 355.17 Td (Canada ) Tj ET Q q 0 0 0 rg BT 529.60 355.17 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 550.68 355.17 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 345.17 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 152.17 345.17 Td (Borrower) Tj ET Q q 0 0 0 rg BT 190.09 345.17 Td (, ) Tj ET Q q 0 0 0 rg BT 194.99 345.17 Td (Bank ) Tj ET Q q 0 0 0 rg BT 218.51 345.17 Td (of ) Tj ET Q q 0 0 0 rg BT 228.71 345.17 Td (America, ) Tj ET Q q 0 0 0 rg BT 268.04 345.17 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 292.39 345.17 Td (as ) Tj ET Q q 0 0 0 rg BT 302.59 345.17 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 364.46 345.17 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 393.80 345.17 Td (and ) Tj ET Q q 0 0 0 rg BT 410.64 345.17 Td (the ) Tj ET Q q 0 0 0 rg BT 425.26 345.17 Td (other ) Tj ET Q q 0 0 0 rg BT 448.22 345.17 Td (Lenders ) Tj ET Q q 0 0 0 rg BT 482.83 345.17 Td (party ) Tj ET Q q 0 0 0 rg BT 505.78 345.17 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 538.45 345.17 Td (Filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 335.17 Td (as ) Tj ET Q q 0 0 0 rg BT 122.50 335.17 Td (an ) Tj ET Q q 0 0 0 rg BT 134.11 335.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 165.73 335.17 Td (to ) Tj ET Q q 0 0 0 rg BT 175.68 335.17 Td (the ) Tj ET Q q 0 0 0 rg BT 190.07 335.17 Td (Registrant's ) Tj ET Q q 0 0 0 rg BT 238.56 335.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 270.17 335.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 299.56 335.17 Td (on ) Tj ET Q q 0 0 0 rg BT 311.74 335.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 335.58 335.17 Td (10-K ) Tj ET Q q 0 0 0 rg BT 358.30 335.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 378.80 335.17 Td (on ) Tj ET Q q 0 0 0 rg BT 390.97 335.17 Td (October ) Tj ET Q q 0 0 0 rg BT 425.35 335.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 440.03 335.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 464.70 335.17 Td (and ) Tj ET Q q 0 0 0 rg BT 481.31 335.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 534.02 335.17 Td (herein ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 325.22 Td (by ) Tj ET Q q 0 0 0 rg BT 124.50 325.22 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.15 305.17 Td (9.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 305.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 151.82 305.17 Td (Steel ) Tj ET Q q 0 0 0 rg BT 173.88 305.17 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 217.88 305.17 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 235.20 305.17 Td (2001 ) Tj ET Q q 0 0 0 rg BT 257.26 305.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 293.70 305.17 Td (V) Tj ET Q q 0 0 0 rg BT 300.19 305.17 Td (oting ) Tj ET Q q 0 0 0 rg BT 322.10 305.17 Td (T) Tj ET Q q 0 0 0 rg BT 327.94 305.17 Td (rust ) Tj ET Q q 0 0 0 rg BT 344.82 305.17 Td (and ) Tj ET Q q 0 0 0 rg BT 361.32 305.17 Td (Buy-Sell ) Tj ET Q q 0 0 0 rg BT 398.76 305.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 447.47 305.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 471.18 305.17 Td (March ) Tj ET Q q 0 0 0 rg BT 499.34 305.17 Td (26, ) Tj ET Q q 0 0 0 rg BT 513.90 305.17 Td (2001. ) Tj ET Q q 0 0 0 rg BT 538.46 305.17 Td (Filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 295.17 Td (as ) Tj ET Q q 0 0 0 rg BT 123.30 295.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 155.72 295.17 Td (9.1 ) Tj ET Q q 0 0 0 rg BT 171.19 295.17 Td (to ) Tj ET Q q 0 0 0 rg BT 181.94 295.17 Td (the ) Tj ET Q q 0 0 0 rg BT 197.12 295.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 241.28 295.17 Td (s ) Tj ET Q q 0 0 0 rg BT 247.49 295.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 279.62 295.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 309.81 295.17 Td (on ) Tj ET Q q 0 0 0 rg BT 322.78 295.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 347.42 295.17 Td (10-K ) Tj ET Q q 0 0 0 rg BT 370.95 295.17 Td (for ) Tj ET Q q 0 0 0 rg BT 385.58 295.17 Td (the ) Tj ET Q q 0 0 0 rg BT 400.77 295.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 425.39 295.17 Td (year ) Tj ET Q q 0 0 0 rg BT 445.57 295.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 472.04 295.17 Td (August ) Tj ET Q q 0 0 0 rg BT 503.63 295.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 519.10 295.17 Td (2001, ) Tj ET Q q 0 0 0 rg BT 544.57 295.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 285.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 285.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 285.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 285.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 263.17 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 263.17 Td (Lease ) Tj ET Q q 0 0 0 rg BT 137.13 263.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 185.74 263.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 209.37 263.17 Td (September ) Tj ET Q q 0 0 0 rg BT 254.10 263.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 263.57 263.17 Td (1988, ) Tj ET Q q 0 0 0 rg BT 288.04 263.17 Td (between ) Tj ET Q q 0 0 0 rg BT 323.33 263.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 363.06 263.17 Td (Investment ) Tj ET Q q 0 0 0 rg BT 409.47 263.17 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 433.94 263.17 Td (and ) Tj ET Q q 0 0 0 rg BT 450.35 263.17 Td (the ) Tj ET Q q 0 0 0 rg BT 464.53 263.17 Td (Registrant, ) Tj ET Q q 0 0 0 rg BT 510.11 263.17 Td (as ) Tj ET Q q 0 0 0 rg BT 520.41 263.17 Td (amended, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 253.17 Td (relating ) Tj ET Q q 0 0 0 rg BT 145.83 253.17 Td (to ) Tj ET Q q 0 0 0 rg BT 156.89 253.17 Td (the ) Tj ET Q q 0 0 0 rg BT 172.40 253.17 Td (Portland ) Tj ET Q q 0 0 0 rg BT 209.57 253.17 Td (Metals ) Tj ET Q q 0 0 0 rg BT 240.07 253.17 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 283.90 253.17 Td (operation ) Tj ET Q q 0 0 0 rg BT 324.95 253.17 Td (and ) Tj ET Q q 0 0 0 rg BT 342.67 253.17 Td (which ) Tj ET Q q 0 0 0 rg BT 370.40 253.17 Td (has ) Tj ET Q q 0 0 0 rg BT 387.01 253.17 Td (terminated ) Tj ET Q q 0 0 0 rg BT 433.06 253.17 Td (except ) Tj ET Q q 0 0 0 rg BT 462.44 253.17 Td (for ) Tj ET Q q 0 0 0 rg BT 477.39 253.17 Td (surviving ) Tj ET Q q 0 0 0 rg BT 518.45 253.17 Td (indemnity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 243.17 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 161.35 243.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 184.30 243.17 Td (as ) Tj ET Q q 0 0 0 rg BT 195.04 243.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 226.88 243.17 Td (10.3 ) Tj ET Q q 0 0 0 rg BT 246.79 243.17 Td (to ) Tj ET Q q 0 0 0 rg BT 256.97 243.17 Td (the ) Tj ET Q q 0 0 0 rg BT 271.58 243.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 315.74 243.17 Td (s ) Tj ET Q q 0 0 0 rg BT 321.76 243.17 Td (Registration ) Tj ET Q q 0 0 0 rg BT 373.04 243.17 Td (Statement ) Tj ET Q q 0 0 0 rg BT 415.44 243.17 Td (on ) Tj ET Q q 0 0 0 rg BT 427.84 243.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 451.91 243.17 Td (S-1 ) Tj ET Q q 0 0 0 rg BT 468.21 243.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 488.93 243.17 Td (on ) Tj ET Q q 0 0 0 rg BT 501.34 243.17 Td (September ) Tj ET Q q 0 0 0 rg BT 546.50 243.17 Td (24, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 233.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 134.50 233.17 Td (\(Commission ) Tj ET Q q 0 0 0 rg BT 190.90 233.17 Td (File ) Tj ET Q q 0 0 0 rg BT 208.95 233.17 Td (No. ) Tj ET Q q 0 0 0 rg BT 226.17 233.17 Td (33-69352\), ) Tj ET Q q 0 0 0 rg BT 272.83 233.17 Td (and ) Tj ET Q q 0 0 0 rg BT 289.77 233.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 342.81 233.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 370.29 233.17 Td (by ) Tj ET Q q 0 0 0 rg BT 382.79 233.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 211.17 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 211.17 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 149.69 211.17 Td (and ) Tj ET Q q 0 0 0 rg BT 165.72 211.17 Td (Sale ) Tj ET Q q 0 0 0 rg BT 184.45 211.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 232.69 211.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 255.94 211.17 Td (May ) Tj ET Q q 0 0 0 rg BT 275.86 211.17 Td (4, ) Tj ET Q q 0 0 0 rg BT 284.95 211.17 Td (2005, ) Tj ET Q q 0 0 0 rg BT 309.05 211.17 Td (between ) Tj ET Q q 0 0 0 rg BT 343.95 211.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 383.31 211.17 Td (Investment ) Tj ET Q q 0 0 0 rg BT 429.33 211.17 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 453.43 211.17 Td (and ) Tj ET Q q 0 0 0 rg BT 469.46 211.17 Td (the ) Tj ET Q q 0 0 0 rg BT 483.27 211.17 Td (Registrant, ) Tj ET Q q 0 0 0 rg BT 528.46 211.17 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 201.17 Td (to ) Tj ET Q q 0 0 0 rg BT 122.03 201.17 Td (purchase ) Tj ET Q q 0 0 0 rg BT 159.81 201.17 Td (by ) Tj ET Q q 0 0 0 rg BT 172.06 201.17 Td (the ) Tj ET Q q 0 0 0 rg BT 186.52 201.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 229.87 201.17 Td (of ) Tj ET Q q 0 0 0 rg BT 240.45 201.17 Td (the ) Tj ET Q q 0 0 0 rg BT 254.92 201.17 Td (Portland ) Tj ET Q q 0 0 0 rg BT 291.05 201.17 Td (Metals ) Tj ET Q q 0 0 0 rg BT 320.51 201.17 Td (Recycling ) Tj ET Q q 0 0 0 rg BT 363.30 201.17 Td (operations ) Tj ET Q q 0 0 0 rg BT 407.21 201.17 Td (real ) Tj ET Q q 0 0 0 rg BT 424.44 201.17 Td (estate. ) Tj ET Q q 0 0 0 rg BT 451.95 201.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 474.75 201.17 Td (as ) Tj ET Q q 0 0 0 rg BT 485.33 201.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 517.02 201.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 536.77 201.17 Td (to ) Tj ET Q q 0 0 0 rg BT 546.80 201.17 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 191.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 156.16 191.17 Td (s ) Tj ET Q q 0 0 0 rg BT 162.27 191.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 195.32 191.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 225.04 191.17 Td (on ) Tj ET Q q 0 0 0 rg BT 237.54 191.17 Td (Form8-K ) Tj ET Q q 0 0 0 rg BT 279.76 191.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 300.58 191.17 Td (on ) Tj ET Q q 0 0 0 rg BT 313.08 191.17 Td (May ) Tj ET Q q 0 0 0 rg BT 333.91 191.17 Td (10, ) Tj ET Q q 0 0 0 rg BT 348.91 191.17 Td (2005, ) Tj ET Q q 0 0 0 rg BT 373.91 191.17 Td (and ) Tj ET Q q 0 0 0 rg BT 390.85 191.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 443.88 191.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 471.37 191.17 Td (by ) Tj ET Q q 0 0 0 rg BT 483.87 191.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 169.17 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 169.17 Td (Third ) Tj ET Q q 0 0 0 rg BT 136.52 169.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 177.72 169.17 Td (Shared ) Tj ET Q q 0 0 0 rg BT 208.10 169.17 Td (Services ) Tj ET Q q 0 0 0 rg BT 244.28 169.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 293.53 169.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 317.79 169.17 Td (July ) Tj ET Q q 0 0 0 rg BT 337.06 169.17 Td (26, ) Tj ET Q q 0 0 0 rg BT 352.16 169.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 377.26 169.17 Td (between ) Tj ET Q q 0 0 0 rg BT 413.18 169.17 Td (the ) Tj ET Q q 0 0 0 rg BT 428.00 169.17 Td (Registrant, ) Tj ET Q q 0 0 0 rg BT 474.21 169.17 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 514.57 169.17 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 159.17 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 137.11 159.17 Td (and ) Tj ET Q q 0 0 0 rg BT 154.16 159.17 Td (Island ) Tj ET Q q 0 0 0 rg BT 181.21 159.17 Td (Equipment ) Tj ET Q q 0 0 0 rg BT 227.70 159.17 Td (Company) Tj ET Q q 0 0 0 rg BT 266.27 159.17 Td (, ) Tj ET Q q 0 0 0 rg BT 271.05 159.17 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 288.93 159.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 312.10 159.17 Td (as ) Tj ET Q q 0 0 0 rg BT 323.04 159.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 355.10 159.17 Td (10.5 ) Tj ET Q q 0 0 0 rg BT 375.21 159.17 Td (to ) Tj ET Q q 0 0 0 rg BT 385.60 159.17 Td (the ) Tj ET Q q 0 0 0 rg BT 400.43 159.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 444.58 159.17 Td (s ) Tj ET Q q 0 0 0 rg BT 450.81 159.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 483.97 159.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 513.80 159.17 Td (on ) Tj ET Q q 0 0 0 rg BT 526.41 159.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 550.69 159.17 Td (8-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 149.17 Td (K ) Tj ET Q q 0 0 0 rg BT 121.72 149.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 142.55 149.17 Td (on ) Tj ET Q q 0 0 0 rg BT 155.05 149.17 Td (July ) Tj ET Q q 0 0 0 rg BT 174.22 149.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 189.22 149.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 214.22 149.17 Td (and ) Tj ET Q q 0 0 0 rg BT 231.16 149.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 284.19 149.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 311.67 149.17 Td (by ) Tj ET Q q 0 0 0 rg BT 324.17 149.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 127.17 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 127.17 Td (Lease ) Tj ET Q q 0 0 0 rg BT 137.75 127.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 187.18 127.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 211.61 127.17 Td (January ) Tj ET Q q 0 0 0 rg BT 245.48 127.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 255.75 127.17 Td (2010, ) Tj ET Q q 0 0 0 rg BT 281.03 127.17 Td (between ) Tj ET Q q 0 0 0 rg BT 317.12 127.17 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 369.32 127.17 Td (One ) Tj ET Q q 0 0 0 rg BT 388.76 127.17 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 434.58 127.17 Td (LLC ) Tj ET Q q 0 0 0 rg BT 456.24 127.17 Td (and ) Tj ET Q q 0 0 0 rg BT 473.46 127.17 Td (Pick-N-Pull ) Tj ET Q q 0 0 0 rg BT 524.01 127.17 Td (San ) Tj ET Q q 0 0 0 rg BT 541.78 127.17 Td (Jose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 117.17 Td (Auto ) Tj ET Q q 0 0 0 rg BT 135.29 117.17 Td (Dismantlers ) Tj ET Q q 0 0 0 rg BT 186.91 117.17 Td (relating ) Tj ET Q q 0 0 0 rg BT 220.74 117.17 Td (to ) Tj ET Q q 0 0 0 rg BT 231.81 117.17 Td (the ) Tj ET Q q 0 0 0 rg BT 247.31 117.17 Td (San ) Tj ET Q q 0 0 0 rg BT 265.60 117.17 Td (Jose ) Tj ET Q q 0 0 0 rg BT 286.11 117.17 Td (North ) Tj ET Q q 0 0 0 rg BT 312.73 117.17 Td (Location. ) Tj ET Q q 0 0 0 rg BT 354.07 117.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 377.91 117.17 Td (as ) Tj ET Q q 0 0 0 rg BT 389.53 117.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 422.27 117.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 443.06 117.17 Td (to ) Tj ET Q q 0 0 0 rg BT 454.13 117.17 Td (the ) Tj ET Q q 0 0 0 rg BT 469.63 117.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 513.79 117.17 Td (s ) Tj ET Q q 0 0 0 rg BT 520.70 117.17 Td (Quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 107.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.72 107.17 Td (on ) Tj ET Q q 0 0 0 rg BT 154.22 107.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 178.39 107.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 201.44 107.17 Td (for ) Tj ET Q q 0 0 0 rg BT 215.60 107.17 Td (the ) Tj ET Q q 0 0 0 rg BT 230.32 107.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 261.13 107.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 287.51 107.17 Td (February ) Tj ET Q q 0 0 0 rg BT 326.11 107.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 341.11 107.17 Td (2010, ) Tj ET Q q 0 0 0 rg BT 366.11 107.17 Td (and ) Tj ET Q q 0 0 0 rg BT 383.04 107.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 436.08 107.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 463.56 107.17 Td (by ) Tj ET Q q 0 0 0 rg BT 476.06 107.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 85.17 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 85.17 Td (Lease ) Tj ET Q q 0 0 0 rg BT 139.11 85.17 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 190.90 85.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 217.43 85.17 Td (January ) Tj ET Q q 0 0 0 rg BT 253.39 85.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 265.76 85.17 Td (2010, ) Tj ET Q q 0 0 0 rg BT 293.13 85.17 Td (between ) Tj ET Q q 0 0 0 rg BT 331.31 85.17 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 385.61 85.17 Td (Court ) Tj ET Q q 0 0 0 rg BT 413.26 85.17 Td (Properties, ) Tj ET Q q 0 0 0 rg BT 461.17 85.17 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 487.43 85.17 Td (Pick-N-Pull ) Tj ET Q q 0 0 0 rg BT 539.00 85.17 Td (Auto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 75.17 Td (Dismantlers ) Tj ET Q q 0 0 0 rg BT 162.45 75.17 Td (and ) Tj ET Q q 0 0 0 rg BT 179.00 75.17 Td (Pick-N-Pull ) Tj ET Q q 0 0 0 rg BT 228.90 75.17 Td (San ) Tj ET Q q 0 0 0 rg BT 246.02 75.17 Td (Jose ) Tj ET Q q 0 0 0 rg BT 264.90 75.17 Td (Auto ) Tj ET Q q 0 0 0 rg BT 287.02 75.17 Td (Dismantlers ) Tj ET Q q 0 0 0 rg BT 337.46 75.17 Td (relating ) Tj ET Q q 0 0 0 rg BT 370.13 75.17 Td (to ) Tj ET Q q 0 0 0 rg BT 380.03 75.17 Td (the ) Tj ET Q q 0 0 0 rg BT 394.36 75.17 Td (San ) Tj ET Q q 0 0 0 rg BT 411.48 75.17 Td (Jose ) Tj ET Q q 0 0 0 rg BT 430.83 75.17 Td (North ) Tj ET Q q 0 0 0 rg BT 456.28 75.17 Td (Location. ) Tj ET Q q 0 0 0 rg BT 496.44 75.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 519.12 75.17 Td (as ) Tj ET Q q 0 0 0 rg BT 529.57 75.17 Td (Exhibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 65.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 131.37 65.17 Td (to ) Tj ET Q q 0 0 0 rg BT 141.03 65.17 Td (the ) Tj ET Q q 0 0 0 rg BT 155.12 65.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 199.00 65.17 Td (s ) Tj ET Q q 0 0 0 rg BT 204.76 65.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 244.95 65.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 274.04 65.17 Td (on ) Tj ET Q q 0 0 0 rg BT 285.92 65.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 309.46 65.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 331.89 65.17 Td (for ) Tj ET Q q 0 0 0 rg BT 345.42 65.17 Td (the ) Tj ET Q q 0 0 0 rg BT 359.51 65.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 389.70 65.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 415.45 65.17 Td (February ) Tj ET Q q 0 0 0 rg BT 453.43 65.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 467.80 65.17 Td (2010, ) Tj ET Q q 0 0 0 rg BT 492.17 65.17 Td (and ) Tj ET Q q 0 0 0 rg BT 508.49 65.17 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 55.22 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.49 55.22 Td (by ) Tj ET Q q 0 0 0 rg BT 151.99 55.22 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (92) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 739.07 Td (*10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 738.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 154.80 738.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 187.23 738.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 216.06 738.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 239.61 738.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 263.43 738.17 Td (as ) Tj ET Q q 0 0 0 rg BT 275.03 738.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 307.74 738.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 328.51 738.17 Td (to ) Tj ET Q q 0 0 0 rg BT 339.56 738.17 Td (the ) Tj ET Q q 0 0 0 rg BT 355.04 738.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 399.20 738.17 Td (s ) Tj ET Q q 0 0 0 rg BT 406.08 738.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 439.90 738.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 470.38 738.17 Td (on ) Tj ET Q q 0 0 0 rg BT 483.65 738.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 508.59 738.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 527.41 738.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 549.00 738.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 728.17 Td (February ) Tj ET Q q 0 0 0 rg BT 150.60 728.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 160.60 728.17 Td (2010, ) Tj ET Q q 0 0 0 rg BT 185.60 728.17 Td (and ) Tj ET Q q 0 0 0 rg BT 202.54 728.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 255.57 728.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 283.05 728.17 Td (by ) Tj ET Q q 0 0 0 rg BT 295.55 728.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 706.07 Td (*10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 705.17 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 138.74 705.17 Td (2010 ) Tj ET Q q 0 0 0 rg BT 161.23 705.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 193.24 705.17 Td (Performance ) Tj ET Q q 0 0 0 rg BT 247.18 705.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 275.59 705.17 Td (Program ) Tj ET Q q 0 0 0 rg BT 312.88 705.17 Td (for ) Tj ET Q q 0 0 0 rg BT 327.38 705.17 Td (John ) Tj ET Q q 0 0 0 rg BT 349.13 705.17 Td (D. ) Tj ET Q q 0 0 0 rg BT 361.70 705.17 Td (Carter ) Tj ET Q q 0 0 0 rg BT 389.53 705.17 Td (and ) Tj ET Q q 0 0 0 rg BT 406.70 705.17 Td (T) Tj ET Q q 0 0 0 rg BT 412.37 705.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 439.29 705.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 450.75 705.17 Td (Lundgren. ) Tj ET Q q 0 0 0 rg BT 494.98 705.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 518.38 705.17 Td (as ) Tj ET Q q 0 0 0 rg BT 529.56 705.17 Td (Exhibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 695.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 131.01 695.17 Td (to ) Tj ET Q q 0 0 0 rg BT 140.31 695.17 Td (the ) Tj ET Q q 0 0 0 rg BT 154.04 695.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 198.19 695.17 Td (s ) Tj ET Q q 0 0 0 rg BT 203.32 695.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 243.15 695.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 271.88 695.17 Td (on ) Tj ET Q q 0 0 0 rg BT 283.40 695.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 306.58 695.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 328.65 695.17 Td (for ) Tj ET Q q 0 0 0 rg BT 341.82 695.17 Td (the ) Tj ET Q q 0 0 0 rg BT 355.55 695.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 385.38 695.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 410.77 695.17 Td (November ) Tj ET Q q 0 0 0 rg BT 454.49 695.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 468.50 695.17 Td (2009, ) Tj ET Q q 0 0 0 rg BT 492.52 695.17 Td (and ) Tj ET Q q 0 0 0 rg BT 508.47 695.17 Td (incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 685.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 139.49 685.17 Td (by ) Tj ET Q q 0 0 0 rg BT 151.99 685.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 663.07 Td (*10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 662.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 145.09 662.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 185.95 662.17 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 247.38 662.17 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 271.31 662.17 Td (ef) Tj ET Q q 0 0 0 rg BT 278.99 662.17 Td (fective ) Tj ET Q q 0 0 0 rg BT 309.76 662.17 Td (September ) Tj ET Q q 0 0 0 rg BT 356.17 662.17 Td (1, ) Tj ET Q q 0 0 0 rg BT 367.33 662.17 Td (2006. ) Tj ET Q q 0 0 0 rg BT 393.48 662.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 417.70 662.17 Td (as ) Tj ET Q q 0 0 0 rg BT 429.68 662.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 462.78 662.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 483.93 662.17 Td (to ) Tj ET Q q 0 0 0 rg BT 495.37 662.17 Td (the ) Tj ET Q q 0 0 0 rg BT 511.24 662.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 555.40 662.17 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 652.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 152.82 652.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 182.53 652.17 Td (on ) Tj ET Q q 0 0 0 rg BT 195.03 652.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 219.20 652.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 242.25 652.17 Td (for ) Tj ET Q q 0 0 0 rg BT 256.41 652.17 Td (the ) Tj ET Q q 0 0 0 rg BT 271.13 652.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 301.95 652.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 328.32 652.17 Td (February ) Tj ET Q q 0 0 0 rg BT 366.92 652.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 381.92 652.17 Td (2007, ) Tj ET Q q 0 0 0 rg BT 406.92 652.17 Td (and ) Tj ET Q q 0 0 0 rg BT 423.86 652.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 476.89 652.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 504.38 652.17 Td (by ) Tj ET Q q 0 0 0 rg BT 516.88 652.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.50 630.07 Td (*10.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 629.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 134.48 629.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 159.73 629.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 199.41 629.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 219.66 629.17 Td (of ) Tj ET Q q 0 0 0 rg BT 230.47 629.17 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 629.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 288.74 629.17 Td (as ) Tj ET Q q 0 0 0 rg BT 299.27 629.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 340.35 629.17 Td (and ) Tj ET Q q 0 0 0 rg BT 357.26 629.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 394.17 629.17 Td (on ) Tj ET Q q 0 0 0 rg BT 406.65 629.17 Td (November ) Tj ET Q q 0 0 0 rg BT 451.33 629.17 Td (7, ) Tj ET Q q 0 0 0 rg BT 461.31 629.17 Td (2013. ) Tj ET Q q 0 0 0 rg BT 486.28 629.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 509.31 629.17 Td (as ) Tj ET Q q 0 0 0 rg BT 519.85 629.17 Td (Appendix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 619.17 Td (A) Tj ET Q q 0 0 0 rg BT 118.95 619.17 Td ( ) Tj ET Q q 0 0 0 rg BT 120.18 619.17 Td (to ) Tj ET Q q 0 0 0 rg BT 129.46 619.17 Td (the ) Tj ET Q q 0 0 0 rg BT 143.18 619.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 187.34 619.17 Td (s ) Tj ET Q q 0 0 0 rg BT 192.46 619.17 Td (Definitive ) Tj ET Q q 0 0 0 rg BT 234.51 619.17 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 259.91 619.17 Td (Statement ) Tj ET Q q 0 0 0 rg BT 301.41 619.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 321.24 619.17 Td (on ) Tj ET Q q 0 0 0 rg BT 332.74 619.17 Td (December ) Tj ET Q q 0 0 0 rg BT 375.33 619.17 Td (18, ) Tj ET Q q 0 0 0 rg BT 389.34 619.17 Td (2013, ) Tj ET Q q 0 0 0 rg BT 413.35 619.17 Td (and ) Tj ET Q q 0 0 0 rg BT 429.29 619.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 481.33 619.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 507.82 619.17 Td (by ) Tj ET Q q 0 0 0 rg BT 519.33 619.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 597.07 Td (*10.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 596.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.80 596.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.26 596.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 171.16 596.17 Td (Option ) Tj ET Q q 0 0 0 rg BT 200.87 596.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 247.15 596.17 Td (used ) Tj ET Q q 0 0 0 rg BT 267.61 596.17 Td (for ) Tj ET Q q 0 0 0 rg BT 281.40 596.17 Td (option ) Tj ET Q q 0 0 0 rg BT 309.08 596.17 Td (grants ) Tj ET Q q 0 0 0 rg BT 335.65 596.17 Td (to ) Tj ET Q q 0 0 0 rg BT 345.55 596.17 Td (employees ) Tj ET Q q 0 0 0 rg BT 390.45 596.17 Td (under ) Tj ET Q q 0 0 0 rg BT 415.34 596.17 Td (the ) Tj ET Q q 0 0 0 rg BT 429.69 596.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 451.81 596.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 476.72 596.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 516.05 596.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 538.46 596.17 Td (Filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 586.17 Td (as ) Tj ET Q q 0 0 0 rg BT 122.76 586.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 154.64 586.17 Td (10.49 ) Tj ET Q q 0 0 0 rg BT 179.57 586.17 Td (to ) Tj ET Q q 0 0 0 rg BT 189.78 586.17 Td (the ) Tj ET Q q 0 0 0 rg BT 204.43 586.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 248.59 586.17 Td (s ) Tj ET Q q 0 0 0 rg BT 254.38 586.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 285.98 586.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 315.63 586.17 Td (on ) Tj ET Q q 0 0 0 rg BT 328.06 586.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 352.16 586.17 Td (10-K ) Tj ET Q q 0 0 0 rg BT 375.15 586.17 Td (for ) Tj ET Q q 0 0 0 rg BT 389.24 586.17 Td (the ) Tj ET Q q 0 0 0 rg BT 403.89 586.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 427.98 586.17 Td (year ) Tj ET Q q 0 0 0 rg BT 447.62 586.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 473.67 586.17 Td (August ) Tj ET Q q 0 0 0 rg BT 504.72 586.17 Td (31, ) Tj ET Q q 0 0 0 rg BT 519.65 586.17 Td (2007, ) Tj ET Q q 0 0 0 rg BT 544.58 586.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 576.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 576.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 576.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 576.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.85 554.07 Td (*10.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 553.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.39 553.17 Td (of ) Tj ET Q q 0 0 0 rg BT 145.44 553.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 169.93 553.17 Td (Option ) Tj ET Q q 0 0 0 rg BT 199.32 553.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 245.19 553.17 Td (used ) Tj ET Q q 0 0 0 rg BT 265.24 553.17 Td (for ) Tj ET Q q 0 0 0 rg BT 278.62 553.17 Td (option ) Tj ET Q q 0 0 0 rg BT 305.89 553.17 Td (grants ) Tj ET Q q 0 0 0 rg BT 332.05 553.17 Td (to ) Tj ET Q q 0 0 0 rg BT 341.54 553.17 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 400.46 553.17 Td (directors ) Tj ET Q q 0 0 0 rg BT 437.17 553.17 Td (under ) Tj ET Q q 0 0 0 rg BT 461.65 553.17 Td (the ) Tj ET Q q 0 0 0 rg BT 475.59 553.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 497.30 553.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 521.80 553.17 Td (Incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 543.17 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 134.50 543.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 157.28 543.17 Td (as ) Tj ET Q q 0 0 0 rg BT 167.83 543.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 199.50 543.17 Td (10.15 ) Tj ET Q q 0 0 0 rg BT 224.22 543.17 Td (to ) Tj ET Q q 0 0 0 rg BT 234.23 543.17 Td (the ) Tj ET Q q 0 0 0 rg BT 248.67 543.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 292.82 543.17 Td (s ) Tj ET Q q 0 0 0 rg BT 298.45 543.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 329.83 543.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 359.27 543.17 Td (on ) Tj ET Q q 0 0 0 rg BT 371.50 543.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 395.39 543.17 Td (10-K ) Tj ET Q q 0 0 0 rg BT 418.16 543.17 Td (for ) Tj ET Q q 0 0 0 rg BT 432.05 543.17 Td (the ) Tj ET Q q 0 0 0 rg BT 446.49 543.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 470.37 543.17 Td (year ) Tj ET Q q 0 0 0 rg BT 489.80 543.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 515.68 543.17 Td (August ) Tj ET Q q 0 0 0 rg BT 546.52 543.17 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 533.17 Td (2004, ) Tj ET Q q 0 0 0 rg BT 137.00 533.17 Td (and ) Tj ET Q q 0 0 0 rg BT 153.94 533.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 206.97 533.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 234.46 533.17 Td (by ) Tj ET Q q 0 0 0 rg BT 246.96 533.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 511.07 Td (*10.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 510.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 137.12 510.17 Td (of ) Tj ET Q q 0 0 0 rg BT 148.90 510.17 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 187.88 510.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 214.11 510.17 Td (Unit ) Tj ET Q q 0 0 0 rg BT 234.86 510.17 Td (A) Tj ET Q q 0 0 0 rg BT 241.35 510.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.84 510.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 311.44 510.17 Td (under ) Tj ET Q q 0 0 0 rg BT 337.66 510.17 Td (the ) Tj ET Q q 0 0 0 rg BT 353.33 510.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 376.79 510.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 403.02 510.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 443.67 510.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 464.90 510.17 Td (used ) Tj ET Q q 0 0 0 rg BT 486.68 510.17 Td (for ) Tj ET Q q 0 0 0 rg BT 501.79 510.17 Td (non-employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 500.17 Td (directors. ) Tj ET Q q 0 0 0 rg BT 153.18 500.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 177.43 500.17 Td (as ) Tj ET Q q 0 0 0 rg BT 189.46 500.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 222.60 500.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 243.79 500.17 Td (to ) Tj ET Q q 0 0 0 rg BT 255.27 500.17 Td (the ) Tj ET Q q 0 0 0 rg BT 271.18 500.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 315.34 500.17 Td (s ) Tj ET Q q 0 0 0 rg BT 322.65 500.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 356.89 500.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 387.80 500.17 Td (on ) Tj ET Q q 0 0 0 rg BT 401.50 500.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 426.86 500.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 446.11 500.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 468.13 500.17 Td (on ) Tj ET Q q 0 0 0 rg BT 481.82 500.17 Td (July ) Tj ET Q q 0 0 0 rg BT 502.19 500.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 518.38 500.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 544.58 500.17 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 490.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 165.03 490.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 192.52 490.17 Td (by ) Tj ET Q q 0 0 0 rg BT 205.02 490.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 468.07 Td (*10.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 467.17 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 149.11 467.17 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 208.46 467.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 227.81 467.17 Td (for ) Tj ET Q q 0 0 0 rg BT 241.05 467.17 Td (Non-Employee ) Tj ET Q q 0 0 0 rg BT 303.73 467.17 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 345.01 467.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 367.15 467.17 Td (as ) Tj ET Q q 0 0 0 rg BT 377.06 467.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 408.08 467.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 427.16 467.17 Td (to ) Tj ET Q q 0 0 0 rg BT 436.51 467.17 Td (the ) Tj ET Q q 0 0 0 rg BT 450.31 467.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 494.47 467.17 Td (s ) Tj ET Q q 0 0 0 rg BT 499.66 467.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 531.79 467.17 Td (Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 457.17 Td (on ) Tj ET Q q 0 0 0 rg BT 124.50 457.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 148.67 457.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 166.72 457.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 187.55 457.17 Td (on ) Tj ET Q q 0 0 0 rg BT 200.05 457.17 Td (July ) Tj ET Q q 0 0 0 rg BT 219.22 457.17 Td (28, ) Tj ET Q q 0 0 0 rg BT 234.22 457.17 Td (2006, ) Tj ET Q q 0 0 0 rg BT 259.22 457.17 Td (and ) Tj ET Q q 0 0 0 rg BT 276.16 457.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 329.19 457.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 356.67 457.17 Td (by ) Tj ET Q q 0 0 0 rg BT 369.17 457.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 435.07 Td (*10.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 434.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 154.07 434.17 Td (and ) Tj ET Q q 0 0 0 rg BT 171.70 434.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 209.32 434.17 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 267.50 434.17 Td (Executive ) Tj ET Q q 0 0 0 rg BT 310.67 434.17 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 358.29 434.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 387.05 434.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 408.02 434.17 Td (of ) Tj ET Q q 0 0 0 rg BT 419.54 434.17 Td (the ) Tj ET Q q 0 0 0 rg BT 434.94 434.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 479.24 434.17 Td (ef) Tj ET Q q 0 0 0 rg BT 486.92 434.17 Td (fective ) Tj ET Q q 0 0 0 rg BT 517.22 434.17 Td (January ) Tj ET Q q 0 0 0 rg BT 551.51 434.17 Td (1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 424.17 Td (2009. ) Tj ET Q q 0 0 0 rg BT 137.63 424.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 161.31 424.17 Td (as ) Tj ET Q q 0 0 0 rg BT 172.76 424.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 205.33 424.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 225.96 424.17 Td (to ) Tj ET Q q 0 0 0 rg BT 236.86 424.17 Td (the ) Tj ET Q q 0 0 0 rg BT 252.20 424.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 296.36 424.17 Td (s ) Tj ET Q q 0 0 0 rg BT 303.10 424.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 344.54 424.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 374.88 424.17 Td (on ) Tj ET Q q 0 0 0 rg BT 388.01 424.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 412.80 424.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 436.48 424.17 Td (for ) Tj ET Q q 0 0 0 rg BT 451.26 424.17 Td (the ) Tj ET Q q 0 0 0 rg BT 466.60 424.17 Td (quarter ) Tj ET Q q 0 0 0 rg BT 498.04 424.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 525.05 424.17 Td (May ) Tj ET Q q 0 0 0 rg BT 546.50 424.17 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 414.17 Td (2009, ) Tj ET Q q 0 0 0 rg BT 137.00 414.17 Td (and ) Tj ET Q q 0 0 0 rg BT 153.94 414.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 206.97 414.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 234.46 414.17 Td (by ) Tj ET Q q 0 0 0 rg BT 246.96 414.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 392.07 Td (*10.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 391.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.39 391.17 Td (of ) Tj ET Q q 0 0 0 rg BT 145.44 391.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 177.70 391.17 Td (in ) Tj ET Q q 0 0 0 rg BT 187.20 391.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 219.48 391.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 262.17 391.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.04 391.17 Td (between ) Tj ET Q q 0 0 0 rg BT 343.08 391.17 Td (the ) Tj ET Q q 0 0 0 rg BT 357.01 391.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 399.83 391.17 Td (and ) Tj ET Q q 0 0 0 rg BT 415.99 391.17 Td (executive ) Tj ET Q q 0 0 0 rg BT 456.02 391.17 Td (of) Tj ET Q q 0 0 0 rg BT 464.26 391.17 Td (ficers ) Tj ET Q q 0 0 0 rg BT 488.10 391.17 Td (other ) Tj ET Q q 0 0 0 rg BT 510.36 391.17 Td (than ) Tj ET Q q 0 0 0 rg BT 529.26 391.17 Td (T) Tj ET Q q 0 0 0 rg BT 534.93 391.17 Td (amara ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 381.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 122.89 381.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 164.05 381.17 Td (and ) Tj ET Q q 0 0 0 rg BT 180.77 381.17 Td (used ) Tj ET Q q 0 0 0 rg BT 201.38 381.17 Td (for ) Tj ET Q q 0 0 0 rg BT 215.33 381.17 Td (agreements ) Tj ET Q q 0 0 0 rg BT 263.14 381.17 Td (entered ) Tj ET Q q 0 0 0 rg BT 294.85 381.17 Td (into ) Tj ET Q q 0 0 0 rg BT 312.69 381.17 Td (prior ) Tj ET Q q 0 0 0 rg BT 334.41 381.17 Td (to ) Tj ET Q q 0 0 0 rg BT 344.47 381.17 Td (201) Tj ET Q q 0 0 0 rg BT 359.29 381.17 Td (1. ) Tj ET Q q 0 0 0 rg BT 368.88 381.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 391.72 381.17 Td (as ) Tj ET Q q 0 0 0 rg BT 402.33 381.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 434.06 381.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 453.84 381.17 Td (to ) Tj ET Q q 0 0 0 rg BT 463.90 381.17 Td (the ) Tj ET Q q 0 0 0 rg BT 478.40 381.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 522.56 381.17 Td (s ) Tj ET Q q 0 0 0 rg BT 528.46 381.17 Td (Current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 371.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.72 371.17 Td (on ) Tj ET Q q 0 0 0 rg BT 154.22 371.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 178.39 371.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 196.44 371.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 217.26 371.17 Td (on ) Tj ET Q q 0 0 0 rg BT 229.76 371.17 Td (May ) Tj ET Q q 0 0 0 rg BT 250.59 371.17 Td (5, ) Tj ET Q q 0 0 0 rg BT 260.59 371.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 285.59 371.17 Td (and ) Tj ET Q q 0 0 0 rg BT 302.53 371.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 355.56 371.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 383.05 371.17 Td (by ) Tj ET Q q 0 0 0 rg BT 395.55 371.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 349.07 Td (*10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 348.17 Td (Form of Change in Control Severance Agreement between the Registrant and executive officers and used for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 338.17 Td (agreements entered into after 2010.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 316.07 Td (*10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 315.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.42 315.17 Td (of ) Tj ET Q q 0 0 0 rg BT 147.51 315.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 180.81 315.17 Td (in ) Tj ET Q q 0 0 0 rg BT 191.34 315.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 224.65 315.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 268.15 315.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 315.05 315.17 Td (between ) Tj ET Q q 0 0 0 rg BT 351.12 315.17 Td (the ) Tj ET Q q 0 0 0 rg BT 366.09 315.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 409.95 315.17 Td (and ) Tj ET Q q 0 0 0 rg BT 427.14 315.17 Td (each ) Tj ET Q q 0 0 0 rg BT 448.21 315.17 Td (executive ) Tj ET Q q 0 0 0 rg BT 489.27 315.17 Td (of) Tj ET Q q 0 0 0 rg BT 497.51 315.17 Td (ficer ) Tj ET Q q 0 0 0 rg BT 518.49 315.17 Td (other ) Tj ET Q q 0 0 0 rg BT 541.79 315.17 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 305.17 Td (John ) Tj ET Q q 0 0 0 rg BT 133.71 305.17 Td (D. ) Tj ET Q q 0 0 0 rg BT 146.26 305.17 Td (Carter ) Tj ET Q q 0 0 0 rg BT 174.06 305.17 Td (and ) Tj ET Q q 0 0 0 rg BT 191.21 305.17 Td (T) Tj ET Q q 0 0 0 rg BT 196.88 305.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 223.77 305.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 235.20 305.17 Td (Lundgren. ) Tj ET Q q 0 0 0 rg BT 279.40 305.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 302.78 305.17 Td (as ) Tj ET Q q 0 0 0 rg BT 313.93 305.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 346.20 305.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 366.52 305.17 Td (to ) Tj ET Q q 0 0 0 rg BT 377.12 305.17 Td (the ) Tj ET Q q 0 0 0 rg BT 392.15 305.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 436.31 305.17 Td (s ) Tj ET Q q 0 0 0 rg BT 442.75 305.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 476.12 305.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 506.16 305.17 Td (on ) Tj ET Q q 0 0 0 rg BT 518.98 305.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 543.47 305.17 Td (8-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 295.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 132.83 295.17 Td (on ) Tj ET Q q 0 0 0 rg BT 145.33 295.17 Td (May ) Tj ET Q q 0 0 0 rg BT 166.16 295.17 Td (5, ) Tj ET Q q 0 0 0 rg BT 176.16 295.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 201.16 295.17 Td (and ) Tj ET Q q 0 0 0 rg BT 218.09 295.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 271.13 295.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 298.61 295.17 Td (by ) Tj ET Q q 0 0 0 rg BT 311.11 295.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 273.07 Td (*10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 272.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.70 272.17 Td (and ) Tj ET Q q 0 0 0 rg BT 170.96 272.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 208.22 272.17 Td (Employment ) Tj ET Q q 0 0 0 rg BT 262.35 272.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 309.32 272.17 Td (by ) Tj ET Q q 0 0 0 rg BT 322.14 272.17 Td (and ) Tj ET Q q 0 0 0 rg BT 339.40 272.17 Td (between ) Tj ET Q q 0 0 0 rg BT 375.54 272.17 Td (the ) Tj ET Q q 0 0 0 rg BT 390.58 272.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 434.51 272.17 Td (and ) Tj ET Q q 0 0 0 rg BT 451.65 272.17 Td (T) Tj ET Q q 0 0 0 rg BT 457.32 272.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 484.22 272.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 495.65 272.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 537.35 272.17 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 262.17 Td (October ) Tj ET Q q 0 0 0 rg BT 147.16 262.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 162.62 262.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 188.07 262.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 211.58 262.17 Td (as ) Tj ET Q q 0 0 0 rg BT 222.86 262.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 255.26 262.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 275.72 262.17 Td (to ) Tj ET Q q 0 0 0 rg BT 286.45 262.17 Td (the ) Tj ET Q q 0 0 0 rg BT 301.62 262.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 345.78 262.17 Td (s ) Tj ET Q q 0 0 0 rg BT 352.35 262.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 385.85 262.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 416.02 262.17 Td (on ) Tj ET Q q 0 0 0 rg BT 428.97 262.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 453.60 262.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 472.10 262.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 493.38 262.17 Td (on ) Tj ET Q q 0 0 0 rg BT 506.34 262.17 Td (November ) Tj ET Q q 0 0 0 rg BT 551.50 262.17 Td (4, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 252.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 137.00 252.17 Td (and ) Tj ET Q q 0 0 0 rg BT 153.94 252.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 206.97 252.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 234.46 252.17 Td (by ) Tj ET Q q 0 0 0 rg BT 246.96 252.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 230.07 Td (*10.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 229.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.66 229.17 Td (and ) Tj ET Q q 0 0 0 rg BT 170.88 229.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 208.10 229.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 241.42 229.17 Td (in ) Tj ET Q q 0 0 0 rg BT 251.99 229.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 285.32 229.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 328.58 229.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 375.78 229.17 Td (by ) Tj ET Q q 0 0 0 rg BT 388.56 229.17 Td (and ) Tj ET Q q 0 0 0 rg BT 405.79 229.17 Td (between ) Tj ET Q q 0 0 0 rg BT 441.88 229.17 Td (the ) Tj ET Q q 0 0 0 rg BT 456.88 229.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 500.77 229.17 Td (and ) Tj ET Q q 0 0 0 rg BT 517.79 229.17 Td (T) Tj ET Q q 0 0 0 rg BT 523.20 229.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 550.40 229.17 Td (L. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 219.17 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 153.23 219.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 177.24 219.17 Td (October ) Tj ET Q q 0 0 0 rg BT 211.80 219.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 226.65 219.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 251.51 219.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 274.42 219.17 Td (as ) Tj ET Q q 0 0 0 rg BT 285.10 219.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 316.90 219.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 336.75 219.17 Td (to ) Tj ET Q q 0 0 0 rg BT 346.88 219.17 Td (the ) Tj ET Q q 0 0 0 rg BT 361.45 219.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 405.33 219.17 Td (s ) Tj ET Q q 0 0 0 rg BT 411.58 219.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 444.48 219.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 474.05 219.17 Td (on ) Tj ET Q q 0 0 0 rg BT 486.40 219.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 510.43 219.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 528.33 219.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 549.01 219.17 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 209.17 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 209.17 Td (4, ) Tj ET Q q 0 0 0 rg BT 166.71 209.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 191.71 209.17 Td (and ) Tj ET Q q 0 0 0 rg BT 208.65 209.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 261.68 209.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 289.16 209.17 Td (by ) Tj ET Q q 0 0 0 rg BT 301.66 209.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 185.07 Td (*10.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 184.17 Td (Amended ) Tj ET Q q 0 0 0 rg BT 152.51 184.17 Td (and ) Tj ET Q q 0 0 0 rg BT 168.58 184.17 Td (Restated ) Tj ET Q q 0 0 0 rg BT 204.65 184.17 Td (Change ) Tj ET Q q 0 0 0 rg BT 236.83 184.17 Td (in ) Tj ET Q q 0 0 0 rg BT 246.24 184.17 Td (Control ) Tj ET Q q 0 0 0 rg BT 278.42 184.17 Td (Severance ) Tj ET Q q 0 0 0 rg BT 321.06 184.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 366.84 184.17 Td (by ) Tj ET Q q 0 0 0 rg BT 378.47 184.17 Td (and ) Tj ET Q q 0 0 0 rg BT 394.54 184.17 Td (between ) Tj ET Q q 0 0 0 rg BT 429.49 184.17 Td (the ) Tj ET Q q 0 0 0 rg BT 443.34 184.17 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 486.07 184.17 Td (and ) Tj ET Q q 0 0 0 rg BT 502.14 184.17 Td (John ) Tj ET Q q 0 0 0 rg BT 522.67 184.17 Td (D. ) Tj ET Q q 0 0 0 rg BT 534.02 184.17 Td (Carter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 174.17 Td (dated ) Tj ET Q q 0 0 0 rg BT 135.82 174.17 Td (October ) Tj ET Q q 0 0 0 rg BT 170.20 174.17 Td (29, ) Tj ET Q q 0 0 0 rg BT 184.87 174.17 Td (2008. ) Tj ET Q q 0 0 0 rg BT 209.53 174.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 232.26 174.17 Td (as ) Tj ET Q q 0 0 0 rg BT 242.76 174.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 274.37 174.17 Td (10.4 ) Tj ET Q q 0 0 0 rg BT 294.04 174.17 Td (to ) Tj ET Q q 0 0 0 rg BT 303.98 174.17 Td (the ) Tj ET Q q 0 0 0 rg BT 318.37 174.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 362.52 174.17 Td (s ) Tj ET Q q 0 0 0 rg BT 368.31 174.17 Td (Current ) Tj ET Q q 0 0 0 rg BT 401.02 174.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 430.41 174.17 Td (on ) Tj ET Q q 0 0 0 rg BT 442.58 174.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 466.41 174.17 Td (8-K ) Tj ET Q q 0 0 0 rg BT 484.13 174.17 Td (filed ) Tj ET Q q 0 0 0 rg BT 504.63 174.17 Td (on ) Tj ET Q q 0 0 0 rg BT 516.79 174.17 Td (November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 164.17 Td (4, ) Tj ET Q q 0 0 0 rg BT 122.00 164.17 Td (2008, ) Tj ET Q q 0 0 0 rg BT 147.00 164.17 Td (and ) Tj ET Q q 0 0 0 rg BT 163.94 164.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 216.97 164.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 244.46 164.17 Td (by ) Tj ET Q q 0 0 0 rg BT 256.96 164.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 142.07 Td (*10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 142.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 137.02 142.07 Td (of ) Tj ET Q q 0 0 0 rg BT 148.70 142.07 Td (Indemnity ) Tj ET Q q 0 0 0 rg BT 192.42 142.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 240.19 142.07 Td (for ) Tj ET Q q 0 0 0 rg BT 255.20 142.07 Td (Directors ) Tj ET Q q 0 0 0 rg BT 295.76 142.07 Td (and ) Tj ET Q q 0 0 0 rg BT 313.55 142.07 Td (Executive ) Tj ET Q q 0 0 0 rg BT 356.88 142.07 Td (Of) Tj ET Q q 0 0 0 rg BT 367.25 142.07 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 395.31 142.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 419.22 142.07 Td (as ) Tj ET Q q 0 0 0 rg BT 430.90 142.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 463.69 142.07 Td (10.3 ) Tj ET Q q 0 0 0 rg BT 484.55 142.07 Td (to ) Tj ET Q q 0 0 0 rg BT 495.68 142.07 Td (the ) Tj ET Q q 0 0 0 rg BT 511.24 142.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 555.13 142.07 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 132.07 Td (Current ) Tj ET Q q 0 0 0 rg BT 145.05 132.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 174.76 132.07 Td (on ) Tj ET Q q 0 0 0 rg BT 187.26 132.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 211.43 132.07 Td (8-K ) Tj ET Q q 0 0 0 rg BT 229.49 132.07 Td (filed ) Tj ET Q q 0 0 0 rg BT 250.31 132.07 Td (on ) Tj ET Q q 0 0 0 rg BT 262.81 132.07 Td (July ) Tj ET Q q 0 0 0 rg BT 281.98 132.07 Td (28, ) Tj ET Q q 0 0 0 rg BT 296.98 132.07 Td (2006, ) Tj ET Q q 0 0 0 rg BT 321.98 132.07 Td (and ) Tj ET Q q 0 0 0 rg BT 338.92 132.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 391.95 132.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 419.44 132.07 Td (by ) Tj ET Q q 0 0 0 rg BT 431.94 132.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 110.07 Td (*10.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 110.07 Td (Fiscal 2011 Annual Performance Bonus Program for John D. Carter and Tamara L. Lundgren. Filed as Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 100.07 Td (10.1 to the Registrants Quarterly Report on Form 10-Q for the quarter ended November 30, 2010 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 90.07 Td (incorporated herein by reference.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (93) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 739.07 Td (*10.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 739.07 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 164.27 739.07 Td (No. ) Tj ET Q q 0 0 0 rg BT 181.83 739.07 Td (1 ) Tj ET Q q 0 0 0 rg BT 189.67 739.07 Td (dated ) Tj ET Q q 0 0 0 rg BT 214.16 739.07 Td (June ) Tj ET Q q 0 0 0 rg BT 235.33 739.07 Td (29, ) Tj ET Q q 0 0 0 rg BT 250.67 739.07 Td (201) Tj ET Q q 0 0 0 rg BT 265.49 739.07 Td (1 ) Tj ET Q q 0 0 0 rg BT 273.14 739.07 Td (to ) Tj ET Q q 0 0 0 rg BT 283.40 739.07 Td (Amended ) Tj ET Q q 0 0 0 rg BT 324.84 739.07 Td (and ) Tj ET Q q 0 0 0 rg BT 342.12 739.07 Td (Restated ) Tj ET Q q 0 0 0 rg BT 379.39 739.07 Td (Employment ) Tj ET Q q 0 0 0 rg BT 433.54 739.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 480.53 739.07 Td (by ) Tj ET Q q 0 0 0 rg BT 493.37 739.07 Td (and ) Tj ET Q q 0 0 0 rg BT 510.64 739.07 Td (between ) Tj ET Q q 0 0 0 rg BT 546.80 739.07 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 729.07 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 155.83 729.07 Td (and ) Tj ET Q q 0 0 0 rg BT 172.88 729.07 Td (T) Tj ET Q q 0 0 0 rg BT 178.55 729.07 Td (amara ) Tj ET Q q 0 0 0 rg BT 205.35 729.07 Td (L. ) Tj ET Q q 0 0 0 rg BT 216.68 729.07 Td (Lundgren ) Tj ET Q q 0 0 0 rg BT 258.28 729.07 Td (dated ) Tj ET Q q 0 0 0 rg BT 282.65 729.07 Td (October ) Tj ET Q q 0 0 0 rg BT 317.58 729.07 Td (29, ) Tj ET Q q 0 0 0 rg BT 332.80 729.07 Td (2008. ) Tj ET Q q 0 0 0 rg BT 358.03 729.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 381.31 729.07 Td (as ) Tj ET Q q 0 0 0 rg BT 392.36 729.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 424.52 729.07 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 444.75 729.07 Td (to ) Tj ET Q q 0 0 0 rg BT 455.25 729.07 Td (the ) Tj ET Q q 0 0 0 rg BT 470.18 729.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 514.34 729.07 Td (s ) Tj ET Q q 0 0 0 rg BT 520.68 729.07 Td (Quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 719.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 141.72 719.07 Td (on ) Tj ET Q q 0 0 0 rg BT 154.22 719.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 178.39 719.07 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 201.44 719.07 Td (for ) Tj ET Q q 0 0 0 rg BT 215.60 719.07 Td (the ) Tj ET Q q 0 0 0 rg BT 230.32 719.07 Td (quarter ) Tj ET Q q 0 0 0 rg BT 261.13 719.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 287.51 719.07 Td (May ) Tj ET Q q 0 0 0 rg BT 308.34 719.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.34 719.07 Td (201) Tj ET Q q 0 0 0 rg BT 338.15 719.07 Td (1 ) Tj ET Q q 0 0 0 rg BT 345.47 719.07 Td (and ) Tj ET Q q 0 0 0 rg BT 362.41 719.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 415.44 719.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 442.92 719.07 Td (by ) Tj ET Q q 0 0 0 rg BT 455.42 719.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 697.07 Td (*10.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 697.07 Td (Amended ) Tj ET Q q 0 0 0 rg BT 153.86 697.07 Td (and ) Tj ET Q q 0 0 0 rg BT 171.28 697.07 Td (Restated ) Tj ET Q q 0 0 0 rg BT 208.70 697.07 Td (Employment ) Tj ET Q q 0 0 0 rg BT 262.96 697.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 310.09 697.07 Td (by ) Tj ET Q q 0 0 0 rg BT 323.07 697.07 Td (and ) Tj ET Q q 0 0 0 rg BT 340.49 697.07 Td (between ) Tj ET Q q 0 0 0 rg BT 376.79 697.07 Td (the ) Tj ET Q q 0 0 0 rg BT 391.99 697.07 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 436.07 697.07 Td (and ) Tj ET Q q 0 0 0 rg BT 453.49 697.07 Td (John ) Tj ET Q q 0 0 0 rg BT 475.37 697.07 Td (D. ) Tj ET Q q 0 0 0 rg BT 488.07 697.07 Td (Carter ) Tj ET Q q 0 0 0 rg BT 516.04 697.07 Td (dated ) Tj ET Q q 0 0 0 rg BT 540.68 697.07 Td (June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 687.07 Td (29, ) Tj ET Q q 0 0 0 rg BT 126.82 687.07 Td (201) Tj ET Q q 0 0 0 rg BT 141.64 687.07 Td (1. ) Tj ET Q q 0 0 0 rg BT 151.27 687.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 174.15 687.07 Td (as ) Tj ET Q q 0 0 0 rg BT 184.80 687.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 216.57 687.07 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 236.39 687.07 Td (to ) Tj ET Q q 0 0 0 rg BT 246.49 687.07 Td (the ) Tj ET Q q 0 0 0 rg BT 261.03 687.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 305.19 687.07 Td (s ) Tj ET Q q 0 0 0 rg BT 311.12 687.07 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 351.76 687.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 381.30 687.07 Td (on ) Tj ET Q q 0 0 0 rg BT 393.62 687.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 417.61 687.07 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 440.49 687.07 Td (for ) Tj ET Q q 0 0 0 rg BT 454.47 687.07 Td (the ) Tj ET Q q 0 0 0 rg BT 469.01 687.07 Td (quarter ) Tj ET Q q 0 0 0 rg BT 499.64 687.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 525.84 687.07 Td (May ) Tj ET Q q 0 0 0 rg BT 546.49 687.07 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 677.07 Td (201) Tj ET Q q 0 0 0 rg BT 126.81 677.07 Td (1 ) Tj ET Q q 0 0 0 rg BT 134.13 677.07 Td (and ) Tj ET Q q 0 0 0 rg BT 151.07 677.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 204.10 677.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 231.58 677.07 Td (by ) Tj ET Q q 0 0 0 rg BT 244.08 677.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 655.07 Td (*10.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 655.07 Td (Form of Waiver of Annual Incentive dated as of August 28, 2012 executed by executive officers as a condition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 645.07 Td (of receipt of stock options. Filed as Exhibit 10.1 to the Registrants Current Report on Form 8-K filed on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 635.07 Td (August 31, 2012, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 613.07 Td (*10.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 613.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.13 613.07 Td (of ) Tj ET Q q 0 0 0 rg BT 146.93 613.07 Td (Non-Statutory ) Tj ET Q q 0 0 0 rg BT 206.61 613.07 Td (Stock ) Tj ET Q q 0 0 0 rg BT 231.85 613.07 Td (Option ) Tj ET Q q 0 0 0 rg BT 261.83 613.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.44 613.07 Td (used ) Tj ET Q q 0 0 0 rg BT 329.24 613.07 Td (for ) Tj ET Q q 0 0 0 rg BT 343.36 613.07 Td (premium-priced ) Tj ET Q q 0 0 0 rg BT 410.25 613.07 Td (option ) Tj ET Q q 0 0 0 rg BT 438.27 613.07 Td (grants ) Tj ET Q q 0 0 0 rg BT 465.17 613.07 Td (to ) Tj ET Q q 0 0 0 rg BT 475.41 613.07 Td (executive ) Tj ET Q q 0 0 0 rg BT 516.19 613.07 Td (of) Tj ET Q q 0 0 0 rg BT 524.43 613.07 Td (ficers ) Tj ET Q q 0 0 0 rg BT 549.01 613.07 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 603.07 Td (August ) Tj ET Q q 0 0 0 rg BT 143.06 603.07 Td (28, ) Tj ET Q q 0 0 0 rg BT 157.73 603.07 Td (2012 ) Tj ET Q q 0 0 0 rg BT 179.89 603.07 Td (under ) Tj ET Q q 0 0 0 rg BT 204.83 603.07 Td (the ) Tj ET Q q 0 0 0 rg BT 219.21 603.07 Td (1993 ) Tj ET Q q 0 0 0 rg BT 241.38 603.07 Td (Stock ) Tj ET Q q 0 0 0 rg BT 266.32 603.07 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 305.69 603.07 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 328.14 603.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 350.86 603.07 Td (as ) Tj ET Q q 0 0 0 rg BT 361.36 603.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 392.97 603.07 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 412.64 603.07 Td (to ) Tj ET Q q 0 0 0 rg BT 422.58 603.07 Td (the ) Tj ET Q q 0 0 0 rg BT 436.97 603.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 481.12 603.07 Td (s ) Tj ET Q q 0 0 0 rg BT 486.91 603.07 Td (Current ) Tj ET Q q 0 0 0 rg BT 519.62 603.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 549.00 603.07 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 593.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 136.17 593.07 Td (8-K ) Tj ET Q q 0 0 0 rg BT 154.22 593.07 Td (filed ) Tj ET Q q 0 0 0 rg BT 175.05 593.07 Td (on ) Tj ET Q q 0 0 0 rg BT 187.27 593.07 Td (August ) Tj ET Q q 0 0 0 rg BT 218.39 593.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 233.39 593.07 Td (2012, ) Tj ET Q q 0 0 0 rg BT 258.39 593.07 Td (and ) Tj ET Q q 0 0 0 rg BT 275.33 593.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 328.36 593.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 355.84 593.07 Td (by ) Tj ET Q q 0 0 0 rg BT 368.34 593.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 571.07 Td (*10.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 571.07 Td (Form of Restricted Stock Unit Award Agreement used for award to chief executive officer on August 30, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 561.07 Td (under the 1993 Stock Incentive Plan. Filed as Exhibit 10.3 to the Registrants Current Report on Form 8-K) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 551.07 Td (filed on August 31, 2012, and incorporated herein by reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 529.07 Td (*10.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 529.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.87 529.07 Td (of ) Tj ET Q q 0 0 0 rg BT 146.39 529.07 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 189.13 529.07 Td (Stock ) Tj ET Q q 0 0 0 rg BT 214.11 529.07 Td (Unit ) Tj ET Q q 0 0 0 rg BT 233.87 529.07 Td (A) Tj ET Q q 0 0 0 rg BT 240.36 529.07 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.88 529.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 308.22 529.07 Td (under ) Tj ET Q q 0 0 0 rg BT 333.19 529.07 Td (the ) Tj ET Q q 0 0 0 rg BT 347.60 529.07 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.79 529.07 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.77 529.07 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 434.17 529.07 Td (Plan ) Tj ET Q q 0 0 0 rg BT 454.14 529.07 Td (used ) Tj ET Q q 0 0 0 rg BT 474.67 529.07 Td (for ) Tj ET Q q 0 0 0 rg BT 488.53 529.07 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.04 529.07 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.22 529.07 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 519.07 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 135.44 519.07 Td (2013. ) Tj ET Q q 0 0 0 rg BT 159.72 519.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 182.06 519.07 Td (as ) Tj ET Q q 0 0 0 rg BT 192.18 519.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 223.40 519.07 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 242.69 519.07 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 519.07 Td (the ) Tj ET Q q 0 0 0 rg BT 266.25 519.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 310.41 519.07 Td (s ) Tj ET Q q 0 0 0 rg BT 315.81 519.07 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 355.91 519.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 384.91 519.07 Td (on ) Tj ET Q q 0 0 0 rg BT 396.69 519.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.14 519.07 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 442.48 519.07 Td (for ) Tj ET Q q 0 0 0 rg BT 455.92 519.07 Td (the ) Tj ET Q q 0 0 0 rg BT 469.92 519.07 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 507.80 519.07 Td (period ) Tj ET Q q 0 0 0 rg BT 535.13 519.07 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 509.07 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 509.07 Td (30, ) Tj ET Q q 0 0 0 rg BT 171.71 509.07 Td (2012 ) Tj ET Q q 0 0 0 rg BT 194.21 509.07 Td (and ) Tj ET Q q 0 0 0 rg BT 211.15 509.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 264.18 509.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 291.66 509.07 Td (by ) Tj ET Q q 0 0 0 rg BT 304.16 509.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 486.07 Td (*10.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 486.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 486.07 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 486.07 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.68 486.07 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 486.07 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.34 486.07 Td (A) Tj ET Q q 0 0 0 rg BT 239.83 486.07 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.38 486.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 486.07 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 486.07 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 486.07 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 486.07 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 486.07 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 486.07 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 486.07 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 486.07 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 486.07 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 486.07 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 486.07 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 476.07 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 135.44 476.07 Td (2012. ) Tj ET Q q 0 0 0 rg BT 159.72 476.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 182.06 476.07 Td (as ) Tj ET Q q 0 0 0 rg BT 192.18 476.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 223.40 476.07 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 242.69 476.07 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 476.07 Td (the ) Tj ET Q q 0 0 0 rg BT 266.25 476.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 310.41 476.07 Td (s ) Tj ET Q q 0 0 0 rg BT 315.81 476.07 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 355.91 476.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 384.91 476.07 Td (on ) Tj ET Q q 0 0 0 rg BT 396.69 476.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.14 476.07 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 442.48 476.07 Td (for ) Tj ET Q q 0 0 0 rg BT 455.92 476.07 Td (the ) Tj ET Q q 0 0 0 rg BT 469.92 476.07 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 507.80 476.07 Td (period ) Tj ET Q q 0 0 0 rg BT 535.13 476.07 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 466.07 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 466.07 Td (30, ) Tj ET Q q 0 0 0 rg BT 171.71 466.07 Td (2012 ) Tj ET Q q 0 0 0 rg BT 194.21 466.07 Td (and ) Tj ET Q q 0 0 0 rg BT 211.15 466.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 264.18 466.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 291.66 466.07 Td (by ) Tj ET Q q 0 0 0 rg BT 304.16 466.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 444.07 Td (*10.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 444.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 444.07 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 444.07 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.33 444.07 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 444.07 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.07 444.07 Td (A) Tj ET Q q 0 0 0 rg BT 239.37 444.07 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.11 444.07 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 444.07 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 444.07 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 444.07 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 444.07 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 444.07 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 444.07 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 444.07 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 444.07 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 444.07 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 444.07 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 444.07 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 434.07 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 136.60 434.07 Td (2013. ) Tj ET Q q 0 0 0 rg BT 162.04 434.07 Td (Filed ) Tj ET Q q 0 0 0 rg BT 185.54 434.07 Td (as ) Tj ET Q q 0 0 0 rg BT 196.82 434.07 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 229.21 434.07 Td (10.36 ) Tj ET Q q 0 0 0 rg BT 254.65 434.07 Td (to ) Tj ET Q q 0 0 0 rg BT 265.37 434.07 Td (the ) Tj ET Q q 0 0 0 rg BT 280.54 434.07 Td (Registrant) Tj ET Q q 0 0 0 rg BT 324.42 434.07 Td (s ) Tj ET Q q 0 0 0 rg BT 330.60 434.07 Td (Annual ) Tj ET Q q 0 0 0 rg BT 362.99 434.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 393.15 434.07 Td (on ) Tj ET Q q 0 0 0 rg BT 406.09 434.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 430.71 434.07 Td (10-K ) Tj ET Q q 0 0 0 rg BT 454.20 434.07 Td (filed ) Tj ET Q q 0 0 0 rg BT 475.47 434.07 Td (on ) Tj ET Q q 0 0 0 rg BT 488.42 434.07 Td (October ) Tj ET Q q 0 0 0 rg BT 523.57 434.07 Td (29, ) Tj ET Q q 0 0 0 rg BT 539.01 434.07 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 424.07 Td (and ) Tj ET Q q 0 0 0 rg BT 128.94 424.07 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 181.97 424.07 Td (herein ) Tj ET Q q 0 0 0 rg BT 209.46 424.07 Td (by ) Tj ET Q q 0 0 0 rg BT 221.96 424.07 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 401.07 Td (*10.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 400.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 135.91 400.17 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 400.17 Td (Long-T) Tj ET Q q 0 0 0 rg BT 176.68 400.17 Td (erm ) Tj ET Q q 0 0 0 rg BT 194.12 400.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 233.34 400.17 Td (A) Tj ET Q q 0 0 0 rg BT 239.83 400.17 Td (ward ) Tj ET Q q 0 0 0 rg BT 261.38 400.17 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 307.77 400.17 Td (under ) Tj ET Q q 0 0 0 rg BT 332.78 400.17 Td (the ) Tj ET Q q 0 0 0 rg BT 347.24 400.17 Td (1993 ) Tj ET Q q 0 0 0 rg BT 369.48 400.17 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.50 400.17 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 433.95 400.17 Td (Plan ) Tj ET Q q 0 0 0 rg BT 453.96 400.17 Td (used ) Tj ET Q q 0 0 0 rg BT 474.54 400.17 Td (for ) Tj ET Q q 0 0 0 rg BT 488.44 400.17 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.00 400.17 Td (granted ) Tj ET Q q 0 0 0 rg BT 551.23 400.17 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 390.17 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 135.44 390.17 Td (2014. ) Tj ET Q q 0 0 0 rg BT 159.72 390.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 182.06 390.17 Td (as ) Tj ET Q q 0 0 0 rg BT 192.18 390.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 223.40 390.17 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 242.69 390.17 Td (to ) Tj ET Q q 0 0 0 rg BT 252.25 390.17 Td (the ) Tj ET Q q 0 0 0 rg BT 266.25 390.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 310.41 390.17 Td (s ) Tj ET Q q 0 0 0 rg BT 315.81 390.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 355.91 390.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 384.91 390.17 Td (on ) Tj ET Q q 0 0 0 rg BT 396.69 390.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.14 390.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 442.48 390.17 Td (for ) Tj ET Q q 0 0 0 rg BT 455.92 390.17 Td (the ) Tj ET Q q 0 0 0 rg BT 469.92 390.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 507.80 390.17 Td (period ) Tj ET Q q 0 0 0 rg BT 535.13 390.17 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 380.17 Td (November ) Tj ET Q q 0 0 0 rg BT 156.71 380.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 171.71 380.17 Td (2013 ) Tj ET Q q 0 0 0 rg BT 194.21 380.17 Td (and ) Tj ET Q q 0 0 0 rg BT 211.15 380.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 264.18 380.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 291.66 380.17 Td (by ) Tj ET Q q 0 0 0 rg BT 304.16 380.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.50 358.07 Td (*10.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 357.17 Td (Fiscal ) Tj ET Q q 0 0 0 rg BT 137.64 357.17 Td (2014 ) Tj ET Q q 0 0 0 rg BT 159.28 357.17 Td (Annual ) Tj ET Q q 0 0 0 rg BT 190.19 357.17 Td (Performance ) Tj ET Q q 0 0 0 rg BT 243.03 357.17 Td (Bonus ) Tj ET Q q 0 0 0 rg BT 270.34 357.17 Td (Program ) Tj ET Q q 0 0 0 rg BT 306.53 357.17 Td (for ) Tj ET Q q 0 0 0 rg BT 319.91 357.17 Td (T) Tj ET Q q 0 0 0 rg BT 325.58 357.17 Td (amara ) Tj ET Q q 0 0 0 rg BT 351.41 357.17 Td (L. ) Tj ET Q q 0 0 0 rg BT 361.77 357.17 Td (Lundgren. ) Tj ET Q q 0 0 0 rg BT 404.89 357.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 427.20 357.17 Td (as ) Tj ET Q q 0 0 0 rg BT 437.29 357.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 468.48 357.17 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 487.73 357.17 Td (to ) Tj ET Q q 0 0 0 rg BT 497.26 357.17 Td (the ) Tj ET Q q 0 0 0 rg BT 511.23 357.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 555.39 357.17 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 347.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 153.14 347.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 183.18 347.17 Td (on ) Tj ET Q q 0 0 0 rg BT 196.01 347.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 220.50 347.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 243.88 347.17 Td (for ) Tj ET Q q 0 0 0 rg BT 258.36 347.17 Td (the ) Tj ET Q q 0 0 0 rg BT 273.40 347.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 312.32 347.17 Td (period ) Tj ET Q q 0 0 0 rg BT 340.69 347.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 367.40 347.17 Td (November ) Tj ET Q q 0 0 0 rg BT 412.43 347.17 Td (30, ) Tj ET Q q 0 0 0 rg BT 427.75 347.17 Td (2013 ) Tj ET Q q 0 0 0 rg BT 450.58 347.17 Td (and ) Tj ET Q q 0 0 0 rg BT 467.84 347.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 521.20 347.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 549.01 347.17 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 337.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 315.07 Td (18.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 314.17 Td (Preferability ) Tj ET Q q 0 0 0 rg BT 164.40 314.17 Td (letter ) Tj ET Q q 0 0 0 rg BT 187.35 314.17 Td (provided ) Tj ET Q q 0 0 0 rg BT 225.32 314.17 Td (by ) Tj ET Q q 0 0 0 rg BT 237.73 314.17 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 339.56 314.17 Td (LLP) Tj ET Q q 0 0 0 rg BT 356.79 314.17 Td (, ) Tj ET Q q 0 0 0 rg BT 361.15 314.17 Td (the ) Tj ET Q q 0 0 0 rg BT 375.78 314.17 Td (Company) Tj ET Q q 0 0 0 rg BT 417.72 314.17 Td (s ) Tj ET Q q 0 0 0 rg BT 423.75 314.17 Td (registered ) Tj ET Q q 0 0 0 rg BT 465.59 314.17 Td (public ) Tj ET Q q 0 0 0 rg BT 493.01 314.17 Td (accounting ) Tj ET Q q 0 0 0 rg BT 539.29 314.17 Td (firm, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 304.17 Td (to ) Tj ET Q q 0 0 0 rg BT 122.97 304.17 Td (change ) Tj ET Q q 0 0 0 rg BT 154.49 304.17 Td (the ) Tj ET Q q 0 0 0 rg BT 169.90 304.17 Td (measurement ) Tj ET Q q 0 0 0 rg BT 226.40 304.17 Td (date ) Tj ET Q q 0 0 0 rg BT 246.26 304.17 Td (in ) Tj ET Q q 0 0 0 rg BT 257.23 304.17 Td (connection ) Tj ET Q q 0 0 0 rg BT 304.30 304.17 Td (with ) Tj ET Q q 0 0 0 rg BT 325.27 304.17 Td (the ) Tj ET Q q 0 0 0 rg BT 340.68 304.17 Td (Company) Tj ET Q q 0 0 0 rg BT 382.63 304.17 Td (s ) Tj ET Q q 0 0 0 rg BT 389.44 304.17 Td (annual ) Tj ET Q q 0 0 0 rg BT 419.29 304.17 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 458.04 304.17 Td (impairment ) Tj ET Q q 0 0 0 rg BT 507.33 304.17 Td (test. ) Tj ET Q q 0 0 0 rg BT 526.92 304.17 Td (Filed ) Tj ET Q q 0 0 0 rg BT 550.67 304.17 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 294.17 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 144.60 294.17 Td (18.1 ) Tj ET Q q 0 0 0 rg BT 165.25 294.17 Td (to ) Tj ET Q q 0 0 0 rg BT 176.18 294.17 Td (the ) Tj ET Q q 0 0 0 rg BT 191.55 294.17 Td (Registrant) Tj ET Q q 0 0 0 rg BT 235.70 294.17 Td (s ) Tj ET Q q 0 0 0 rg BT 242.47 294.17 Td (Quarterly ) Tj ET Q q 0 0 0 rg BT 283.94 294.17 Td (Report ) Tj ET Q q 0 0 0 rg BT 314.31 294.17 Td (on ) Tj ET Q q 0 0 0 rg BT 327.46 294.17 Td (Form ) Tj ET Q q 0 0 0 rg BT 352.28 294.17 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 375.98 294.17 Td (for ) Tj ET Q q 0 0 0 rg BT 390.80 294.17 Td (the ) Tj ET Q q 0 0 0 rg BT 406.17 294.17 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 445.41 294.17 Td (period ) Tj ET Q q 0 0 0 rg BT 474.11 294.17 Td (ended ) Tj ET Q q 0 0 0 rg BT 501.14 294.17 Td (November ) Tj ET Q q 0 0 0 rg BT 546.50 294.17 Td (30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 284.17 Td (2013 ) Tj ET Q q 0 0 0 rg BT 134.50 284.17 Td (and ) Tj ET Q q 0 0 0 rg BT 151.44 284.17 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 204.47 284.17 Td (herein ) Tj ET Q q 0 0 0 rg BT 231.96 284.17 Td (by ) Tj ET Q q 0 0 0 rg BT 244.46 284.17 Td (reference.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 262.07 Td (21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 262.07 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 163.39 262.07 Td (of ) Tj ET Q q 0 0 0 rg BT 174.22 262.07 Td (Registrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 240.07 Td (23.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 240.07 Td (Consent ) Tj ET Q q 0 0 0 rg BT 147.28 240.07 Td (of ) Tj ET Q q 0 0 0 rg BT 158.11 240.07 Td (Independent ) Tj ET Q q 0 0 0 rg BT 210.03 240.07 Td (Registered ) Tj ET Q q 0 0 0 rg BT 255.30 240.07 Td (Public ) Tj ET Q q 0 0 0 rg BT 283.08 240.07 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 331.96 240.07 Td (Firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 218.07 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 218.07 Td (Powers ) Tj ET Q q 0 0 0 rg BT 143.94 218.07 Td (of ) Tj ET Q q 0 0 0 rg BT 154.50 218.07 Td (Attorney) Tj ET Q q 0 0 0 rg BT 189.44 218.07 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 196.07 Td (31.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 196.07 Td (Certification ) Tj ET Q q 0 0 0 rg BT 165.04 196.07 Td (of ) Tj ET Q q 0 0 0 rg BT 175.87 196.07 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.58 196.07 Td (Executive ) Tj ET Q q 0 0 0 rg BT 243.06 196.07 Td (Of) Tj ET Q q 0 0 0 rg BT 253.53 196.07 Td (ficer ) Tj ET Q q 0 0 0 rg BT 274.25 196.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 311.19 196.07 Td (to ) Tj ET Q q 0 0 0 rg BT 321.47 196.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 353.96 196.07 Td (302 ) Tj ET Q q 0 0 0 rg BT 371.46 196.07 Td (of ) Tj ET Q q 0 0 0 rg BT 382.29 196.07 Td (the ) Tj ET Q q 0 0 0 rg BT 397.01 196.07 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 463.10 196.07 Td (Act ) Tj ET Q q 0 0 0 rg BT 479.76 196.07 Td (of ) Tj ET Q q 0 0 0 rg BT 490.59 196.07 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 174.07 Td (31.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 174.07 Td (Certification ) Tj ET Q q 0 0 0 rg BT 165.04 174.07 Td (of ) Tj ET Q q 0 0 0 rg BT 175.87 174.07 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.58 174.07 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.30 174.07 Td (Of) Tj ET Q q 0 0 0 rg BT 250.76 174.07 Td (ficer ) Tj ET Q q 0 0 0 rg BT 271.48 174.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 308.42 174.07 Td (to ) Tj ET Q q 0 0 0 rg BT 318.70 174.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 351.19 174.07 Td (302 ) Tj ET Q q 0 0 0 rg BT 368.69 174.07 Td (of ) Tj ET Q q 0 0 0 rg BT 379.52 174.07 Td (the ) Tj ET Q q 0 0 0 rg BT 394.24 174.07 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 460.33 174.07 Td (Act ) Tj ET Q q 0 0 0 rg BT 477.00 174.07 Td (of ) Tj ET Q q 0 0 0 rg BT 487.83 174.07 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 152.07 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 152.07 Td (Certification ) Tj ET Q q 0 0 0 rg BT 164.94 152.07 Td (of ) Tj ET Q q 0 0 0 rg BT 175.67 152.07 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.28 152.07 Td (Executive ) Tj ET Q q 0 0 0 rg BT 242.66 152.07 Td (Of) Tj ET Q q 0 0 0 rg BT 253.13 152.07 Td (ficer ) Tj ET Q q 0 0 0 rg BT 273.75 152.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 310.59 152.07 Td (to ) Tj ET Q q 0 0 0 rg BT 320.77 152.07 Td (18 ) Tj ET Q q 0 0 0 rg BT 333.17 152.07 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 362.52 152.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.92 152.07 Td (1350, ) Tj ET Q q 0 0 0 rg BT 419.81 152.07 Td (as ) Tj ET Q q 0 0 0 rg BT 430.54 152.07 Td (adopted ) Tj ET Q q 0 0 0 rg BT 464.60 152.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.44 152.07 Td (to ) Tj ET Q q 0 0 0 rg BT 511.62 152.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 544.01 152.07 Td (906 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 142.07 Td (of ) Tj ET Q q 0 0 0 rg BT 122.83 142.07 Td (the ) Tj ET Q q 0 0 0 rg BT 137.55 142.07 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 203.64 142.07 Td (Act ) Tj ET Q q 0 0 0 rg BT 220.30 142.07 Td (of ) Tj ET Q q 0 0 0 rg BT 231.13 142.07 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.15 120.07 Td (32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 120.07 Td (Certification ) Tj ET Q q 0 0 0 rg BT 165.11 120.07 Td (of ) Tj ET Q q 0 0 0 rg BT 176.01 120.07 Td (Chief ) Tj ET Q q 0 0 0 rg BT 200.80 120.07 Td (Financial ) Tj ET Q q 0 0 0 rg BT 240.58 120.07 Td (Of) Tj ET Q q 0 0 0 rg BT 250.96 120.07 Td (ficer ) Tj ET Q q 0 0 0 rg BT 271.84 120.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 308.85 120.07 Td (to ) Tj ET Q q 0 0 0 rg BT 319.21 120.07 Td (18 ) Tj ET Q q 0 0 0 rg BT 331.78 120.07 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 361.30 120.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 393.87 120.07 Td (1350, ) Tj ET Q q 0 0 0 rg BT 418.94 120.07 Td (as ) Tj ET Q q 0 0 0 rg BT 429.84 120.07 Td (adopted ) Tj ET Q q 0 0 0 rg BT 464.07 120.07 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.08 120.07 Td (to ) Tj ET Q q 0 0 0 rg BT 511.43 120.07 Td (Section ) Tj ET Q q 0 0 0 rg BT 544.00 120.07 Td (906 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 110.07 Td (of ) Tj ET Q q 0 0 0 rg BT 122.83 110.07 Td (the ) Tj ET Q q 0 0 0 rg BT 137.55 110.07 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 203.36 110.07 Td (Act ) Tj ET Q q 0 0 0 rg BT 220.30 110.07 Td (of ) Tj ET Q q 0 0 0 rg BT 231.13 110.07 Td (2002.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (94) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.65 738.07 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 738.07 Td (The ) Tj ET Q q 0 0 0 rg BT 130.02 738.07 Td (following ) Tj ET Q q 0 0 0 rg BT 171.38 738.07 Td (financial ) Tj ET Q q 0 0 0 rg BT 208.83 738.07 Td (information ) Tj ET Q q 0 0 0 rg BT 258.52 738.07 Td (from ) Tj ET Q q 0 0 0 rg BT 280.43 738.07 Td (Schnitzer ) Tj ET Q q 0 0 0 rg BT 320.67 738.07 Td (Steel ) Tj ET Q q 0 0 0 rg BT 343.14 738.07 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 387.55 738.07 Td (Inc.) Tj ET Q q 0 0 0 rg BT 405.59 738.07 Td (s ) Tj ET Q q 0 0 0 rg BT 411.41 738.07 Td (Annual ) Tj ET Q q 0 0 0 rg BT 443.32 738.07 Td (Report ) Tj ET Q q 0 0 0 rg BT 473.01 738.07 Td (on ) Tj ET Q q 0 0 0 rg BT 485.49 738.07 Td (Form ) Tj ET Q q 0 0 0 rg BT 509.63 738.07 Td (10-K ) Tj ET Q q 0 0 0 rg BT 532.66 738.07 Td (for ) Tj ET Q q 0 0 0 rg BT 546.79 738.07 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 728.07 Td (years ) Tj ET Q q 0 0 0 rg BT 135.90 728.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 161.96 728.07 Td (August ) Tj ET Q q 0 0 0 rg BT 193.65 728.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 208.95 728.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 234.25 728.07 Td (formatted ) Tj ET Q q 0 0 0 rg BT 275.92 728.07 Td (in ) Tj ET Q q 0 0 0 rg BT 286.50 728.07 Td (XBRL) Tj ET Q q 0 0 0 rg BT 312.80 728.07 Td ( ) Tj ET Q q 0 0 0 rg BT 315.60 728.07 Td (\(eXtensible ) Tj ET Q q 0 0 0 rg BT 364.49 728.07 Td (Business ) Tj ET Q q 0 0 0 rg BT 402.86 728.07 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 445.65 728.07 Td (Language\): ) Tj ET Q q 0 0 0 rg BT 493.98 728.07 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 506.22 728.07 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 718.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 158.29 718.07 Td (of ) Tj ET Q q 0 0 0 rg BT 169.02 718.07 Td (Operations ) Tj ET Q q 0 0 0 rg BT 215.30 718.07 Td (for ) Tj ET Q q 0 0 0 rg BT 229.36 718.07 Td (the ) Tj ET Q q 0 0 0 rg BT 243.98 718.07 Td (years ) Tj ET Q q 0 0 0 rg BT 267.49 718.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 293.24 718.07 Td (August ) Tj ET Q q 0 0 0 rg BT 324.53 718.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 339.44 718.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 364.34 718.07 Td (2013 ) Tj ET Q q 0 0 0 rg BT 386.74 718.07 Td (and ) Tj ET Q q 0 0 0 rg BT 403.59 718.07 Td (2012, ) Tj ET Q q 0 0 0 rg BT 428.49 718.07 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 443.11 718.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 498.29 718.07 Td (Balance ) Tj ET Q q 0 0 0 rg BT 532.89 718.07 Td (Sheets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 708.07 Td (as ) Tj ET Q q 0 0 0 rg BT 123.50 708.07 Td (of ) Tj ET Q q 0 0 0 rg BT 134.30 708.07 Td (August ) Tj ET Q q 0 0 0 rg BT 166.36 708.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 182.02 708.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 207.69 708.07 Td (and ) Tj ET Q q 0 0 0 rg BT 224.60 708.07 Td (August ) Tj ET Q q 0 0 0 rg BT 256.66 708.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 272.33 708.07 Td (2013, ) Tj ET Q q 0 0 0 rg BT 298.00 708.07 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 316.16 708.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 372.10 708.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 419.15 708.07 Td (of ) Tj ET Q q 0 0 0 rg BT 430.65 708.07 Td (Other ) Tj ET Q q 0 0 0 rg BT 456.58 708.07 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 522.52 708.07 Td (Loss ) Tj ET Q q 0 0 0 rg BT 544.58 708.07 Td (\(iv\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 698.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 167.38 698.07 Td (Statements ) Tj ET Q q 0 0 0 rg BT 213.86 698.07 Td (of ) Tj ET Q q 0 0 0 rg BT 224.79 698.07 Td (Cash ) Tj ET Q q 0 0 0 rg BT 247.39 698.07 Td (Flows ) Tj ET Q q 0 0 0 rg BT 274.45 698.07 Td (for ) Tj ET Q q 0 0 0 rg BT 288.71 698.07 Td (the ) Tj ET Q q 0 0 0 rg BT 303.53 698.07 Td (years ) Tj ET Q q 0 0 0 rg BT 327.23 698.07 Td (ended ) Tj ET Q q 0 0 0 rg BT 353.13 698.07 Td (August ) Tj ET Q q 0 0 0 rg BT 384.62 698.07 Td (31, ) Tj ET Q q 0 0 0 rg BT 399.73 698.07 Td (2014, ) Tj ET Q q 0 0 0 rg BT 424.83 698.07 Td (2013 ) Tj ET Q q 0 0 0 rg BT 447.43 698.07 Td (and ) Tj ET Q q 0 0 0 rg BT 464.47 698.07 Td (2012, ) Tj ET Q q 0 0 0 rg BT 489.57 698.07 Td (and ) Tj ET Q q 0 0 0 rg BT 506.61 698.07 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 520.87 698.07 Td (the ) Tj ET Q q 0 0 0 rg BT 535.69 698.07 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.00 688.07 Td (to ) Tj ET Q q 0 0 0 rg BT 122.28 688.07 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 177.55 688.07 Td (Financial ) Tj ET Q q 0 0 0 rg BT 217.26 688.07 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 674.40 Td (*Management contract or compensatory plan or arrangement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 659.40 Td (The ) Tj ET Q q 0 0 0 rg BT 69.08 659.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 118.15 659.40 Td (and ) Tj ET Q q 0 0 0 rg BT 136.12 659.40 Td (other ) Tj ET Q q 0 0 0 rg BT 160.21 659.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 207.07 659.40 Td (filed ) Tj ET Q q 0 0 0 rg BT 228.93 659.40 Td (as ) Tj ET Q q 0 0 0 rg BT 240.79 659.40 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 275.99 659.40 Td (to ) Tj ET Q q 0 0 0 rg BT 287.30 659.40 Td (this ) Tj ET Q q 0 0 0 rg BT 305.29 659.40 Td (report ) Tj ET Q q 0 0 0 rg BT 332.70 659.40 Td (are ) Tj ET Q q 0 0 0 rg BT 348.44 659.40 Td (not ) Tj ET Q q 0 0 0 rg BT 364.76 659.40 Td (intended ) Tj ET Q q 0 0 0 rg BT 402.72 659.40 Td (to ) Tj ET Q q 0 0 0 rg BT 414.04 659.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 448.12 659.40 Td (factual ) Tj ET Q q 0 0 0 rg BT 478.86 659.40 Td (information ) Tj ET Q q 0 0 0 rg BT 529.60 659.40 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 659.40 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 647.40 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 92.73 647.40 Td (other ) Tj ET Q q 0 0 0 rg BT 115.45 647.40 Td (than ) Tj ET Q q 0 0 0 rg BT 134.85 647.40 Td (with ) Tj ET Q q 0 0 0 rg BT 154.81 647.40 Td (respect ) Tj ET Q q 0 0 0 rg BT 185.30 647.40 Td (to ) Tj ET Q q 0 0 0 rg BT 195.26 647.40 Td (the ) Tj ET Q q 0 0 0 rg BT 209.65 647.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 234.05 647.40 Td (of ) Tj ET Q q 0 0 0 rg BT 244.56 647.40 Td (the ) Tj ET Q q 0 0 0 rg BT 258.96 647.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 306.67 647.40 Td (or ) Tj ET Q q 0 0 0 rg BT 317.18 647.40 Td (other ) Tj ET Q q 0 0 0 rg BT 339.90 647.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 385.41 647.40 Td (themselves, ) Tj ET Q q 0 0 0 rg BT 434.52 647.40 Td (and ) Tj ET Q q 0 0 0 rg BT 451.14 647.40 Td (you ) Tj ET Q q 0 0 0 rg BT 468.32 647.40 Td (should ) Tj ET Q q 0 0 0 rg BT 497.17 647.40 Td (not ) Tj ET Q q 0 0 0 rg BT 512.12 647.40 Td (rely ) Tj ET Q q 0 0 0 rg BT 529.85 647.40 Td (on ) Tj ET Q q 0 0 0 rg BT 542.03 647.40 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 635.40 Td (for ) Tj ET Q q 0 0 0 rg BT 63.96 635.40 Td (that ) Tj ET Q q 0 0 0 rg BT 81.25 635.40 Td (purpose. ) Tj ET Q q 0 0 0 rg BT 117.71 635.40 Td (In ) Tj ET Q q 0 0 0 rg BT 128.34 635.40 Td (particular) Tj ET Q q 0 0 0 rg BT 166.25 635.40 Td (, ) Tj ET Q q 0 0 0 rg BT 171.05 635.40 Td (any ) Tj ET Q q 0 0 0 rg BT 187.79 635.40 Td (representations ) Tj ET Q q 0 0 0 rg BT 250.63 635.40 Td (and ) Tj ET Q q 0 0 0 rg BT 267.36 635.40 Td (warranties ) Tj ET Q q 0 0 0 rg BT 311.31 635.40 Td (made ) Tj ET Q q 0 0 0 rg BT 335.26 635.40 Td (by ) Tj ET Q q 0 0 0 rg BT 347.56 635.40 Td (us ) Tj ET Q q 0 0 0 rg BT 358.75 635.40 Td (in ) Tj ET Q q 0 0 0 rg BT 368.83 635.40 Td (these ) Tj ET Q q 0 0 0 rg BT 391.68 635.40 Td (agreements ) Tj ET Q q 0 0 0 rg BT 439.51 635.40 Td (or ) Tj ET Q q 0 0 0 rg BT 450.14 635.40 Td (other ) Tj ET Q q 0 0 0 rg BT 472.99 635.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 518.61 635.40 Td (were ) Tj ET Q q 0 0 0 rg BT 540.34 635.40 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 623.40 Td (solely ) Tj ET Q q 0 0 0 rg BT 76.29 623.40 Td (within ) Tj ET Q q 0 0 0 rg BT 104.26 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 118.88 623.40 Td (specific ) Tj ET Q q 0 0 0 rg BT 152.38 623.40 Td (context ) Tj ET Q q 0 0 0 rg BT 184.22 623.40 Td (of ) Tj ET Q q 0 0 0 rg BT 194.96 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 209.58 623.40 Td (relevant ) Tj ET Q q 0 0 0 rg BT 244.19 623.40 Td (agreement ) Tj ET Q q 0 0 0 rg BT 288.23 623.40 Td (or ) Tj ET Q q 0 0 0 rg BT 298.97 623.40 Td (document ) Tj ET Q q 0 0 0 rg BT 340.81 623.40 Td (and ) Tj ET Q q 0 0 0 rg BT 357.65 623.40 Td (may ) Tj ET Q q 0 0 0 rg BT 377.28 623.40 Td (not ) Tj ET Q q 0 0 0 rg BT 392.46 623.40 Td (describe ) Tj ET Q q 0 0 0 rg BT 428.18 623.40 Td (the ) Tj ET Q q 0 0 0 rg BT 442.81 623.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 469.08 623.40 Td (state ) Tj ET Q q 0 0 0 rg BT 489.82 623.40 Td (of ) Tj ET Q q 0 0 0 rg BT 500.55 623.40 Td (af) Tj ET Q q 0 0 0 rg BT 508.14 623.40 Td (fairs ) Tj ET Q q 0 0 0 rg BT 528.32 623.40 Td (as ) Tj ET Q q 0 0 0 rg BT 539.05 623.40 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 623.40 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.40 Td (date ) Tj ET Q q 0 0 0 rg BT 69.16 611.40 Td (they ) Tj ET Q q 0 0 0 rg BT 88.87 611.40 Td (were ) Tj ET Q q 0 0 0 rg BT 110.80 611.40 Td (made ) Tj ET Q q 0 0 0 rg BT 134.96 611.40 Td (or ) Tj ET Q q 0 0 0 rg BT 145.79 611.40 Td (at ) Tj ET Q q 0 0 0 rg BT 155.50 611.40 Td (any ) Tj ET Q q 0 0 0 rg BT 172.44 611.40 Td (other ) Tj ET Q q 0 0 0 rg BT 195.49 611.40 Td (time.) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (95) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.60 742.25 Td ( SIGNA) Tj ET Q q 0 0 0 rg BT 306.03 742.25 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 727.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.86 727.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.50 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.58 727.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 168.64 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.83 727.25 Td (Section13 ) Tj ET Q q 0 0 0 rg BT 225.18 727.25 Td (or ) Tj ET Q q 0 0 0 rg BT 236.38 727.25 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 260.90 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.09 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.16 727.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 329.46 727.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 371.11 727.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 388.41 727.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.60 727.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 424.96 727.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.04 727.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 480.66 727.25 Td (has ) Tj ET Q q 0 0 0 rg BT 496.85 727.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 517.49 727.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 547.56 727.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 715.25 Td (report ) Tj ET Q q 0 0 0 rg BT 76.38 715.25 Td (to ) Tj ET Q q 0 0 0 rg BT 86.66 715.25 Td (be ) Tj ET Q q 0 0 0 rg BT 98.59 715.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 127.20 715.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.70 715.25 Td (its ) Tj ET Q q 0 0 0 rg BT 151.65 715.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 179.14 715.25 Td (by ) Tj ET Q q 0 0 0 rg BT 191.64 715.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.35 715.25 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 260.23 715.25 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 300.49 715.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 320.77 715.25 Td (authorized.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 665.75 m 562.5 665.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.00 685.42 Td (SCHNITZER ) Tj ET Q q 0 0 0 rg BT 388.50 685.42 Td (STEEL) Tj ET Q q 0 0 0 rg BT 418.12 685.42 Td ( ) Tj ET Q q 0 0 0 rg BT 420.62 685.42 Td (INDUSTRIES, ) Tj ET Q q 0 0 0 rg BT 483.96 685.42 Td (INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 671.32 Td (Dated: October 28, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.55 670.42 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 671.32 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 376.95 671.32 Td (RICHARD ) Tj ET Q q 0 0 0 rg BT 424.45 671.32 Td (D. ) Tj ET Q q 0 0 0 rg BT 436.67 671.32 Td (PEACH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 656.32 Td (Richard ) Tj ET Q q 0 0 0 rg BT 399.16 656.32 Td (D. ) Tj ET Q q 0 0 0 rg BT 411.38 656.32 Td (Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 641.32 Td (Senior ) Tj ET Q q 0 0 0 rg BT 392.65 641.32 Td (V) Tj ET Q q 0 0 0 rg BT 399.27 641.32 Td (ice ) Tj ET Q q 0 0 0 rg BT 412.59 641.32 Td (President ) Tj ET Q q 0 0 0 rg BT 451.47 641.32 Td (and ) Tj ET Q q 0 0 0 rg BT 467.57 641.32 Td (Chief ) Tj ET Q q 0 0 0 rg BT 491.44 641.32 Td (Financial ) Tj ET Q q 0 0 0 rg BT 530.32 641.32 Td (Of) Tj ET Q q 0 0 0 rg BT 540.69 641.32 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 87.40 621.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.57 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.18 621.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 166.78 621.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.51 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.12 621.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 233.95 621.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 275.24 621.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 292.08 621.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.81 621.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 327.70 621.25 Td (this ) Tj ET Q q 0 0 0 rg BT 344.55 621.25 Td (report ) Tj ET Q q 0 0 0 rg BT 370.82 621.25 Td (has ) Tj ET Q q 0 0 0 rg BT 386.55 621.25 Td (been ) Tj ET Q q 0 0 0 rg BT 407.82 621.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 436.33 621.25 Td (below ) Tj ET Q q 0 0 0 rg BT 463.16 621.25 Td (by ) Tj ET Q q 0 0 0 rg BT 475.56 621.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.17 621.25 Td (following ) Tj ET Q q 0 0 0 rg BT 531.45 621.25 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 609.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 609.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 89.99 609.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.82 609.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.53 609.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 155.80 609.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.30 609.25 Td (October28, ) Tj ET Q q 0 0 0 rg BT 218.00 609.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 609.25 Td ( ) Tj ET Q q 0 0 0 rg BT 240.50 609.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.78 609.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.50 609.25 Td (capacities ) Tj ET Q q 0 0 0 rg BT 307.42 609.25 Td (indicated.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 575.75 m 289.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 575.75 m 293.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 575.75 m 561.5 575.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 515.75 m 289.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 440.75 m 289.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 355.75 m 289.5 355.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 295.75 m 289.5 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 250.75 m 289.5 250.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 205.75 m 289.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 205.75 m 289.5 205.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 160.75 m 289.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 160.75 m 289.5 160.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 115.75 m 289.5 115.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 580.43 Td (Signature) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 580.43 Td (T) Tj ET Q q 0 0 0 rg BT 302.49 580.43 Td (itle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 551.32 Td (Principal Executive Officer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 521.32 Td (/s/ TAMARA L. LUNDGREN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 520.42 Td (President ) Tj ET Q q 0 0 0 rg BT 335.72 520.42 Td (and ) Tj ET Q q 0 0 0 rg BT 352.66 520.42 Td (Chief ) Tj ET Q q 0 0 0 rg BT 377.37 520.42 Td (Executive ) Tj ET Q q 0 0 0 rg BT 419.85 520.42 Td (Of) Tj ET Q q 0 0 0 rg BT 430.31 520.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.32 Td (Tamara L. Lundgren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 476.32 Td (Principal Financial Officer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 446.32 Td (/s/ RICHARD D. PEACH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 445.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 324.52 445.42 Td (V) Tj ET Q q 0 0 0 rg BT 331.35 445.42 Td (ice ) Tj ET Q q 0 0 0 rg BT 345.20 445.42 Td (President ) Tj ET Q q 0 0 0 rg BT 384.92 445.42 Td (and ) Tj ET Q q 0 0 0 rg BT 401.86 445.42 Td (Chief ) Tj ET Q q 0 0 0 rg BT 426.58 445.42 Td (Financial ) Tj ET Q q 0 0 0 rg BT 466.29 445.42 Td (Of) Tj ET Q q 0 0 0 rg BT 476.75 445.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 431.32 Td (Richard D. Peach) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 401.32 Td (Principal Accounting Officer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 360.42 Td (/s/ STEFANO GAGGINI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 370.42 Td (V) Tj ET Q q 0 0 0 rg BT 302.92 370.42 Td (ice ) Tj ET Q q 0 0 0 rg BT 318.73 370.42 Td (President, ) Tj ET Q q 0 0 0 rg BT 362.89 370.42 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 407.33 370.42 Td (Controller ) Tj ET Q q 0 0 0 rg BT 452.88 370.42 Td (and ) Tj ET Q q 0 0 0 rg BT 471.77 370.42 Td (Principal ) Tj ET Q q 0 0 0 rg BT 511.62 370.42 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 360.42 Td (Of) Tj ET Q q 0 0 0 rg BT 306.46 360.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 346.32 Td (Stefano Gaggini) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 316.32 Td (Directors:) Tj ET Q BT /F1 5.00 Tf ET q 0 0 0 rg BT 52.00 309.78 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 301.32 Td (*DA) Tj ET Q q 0 0 0 rg BT 70.15 301.32 Td (VID J. ) Tj ET Q q 0 0 0 rg BT 98.77 301.32 Td (ANDERSON) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 300.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 286.32 Td (David J. Anderson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 256.32 Td (*JOHN D. CARTER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 255.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 241.32 Td (John D. Carter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.32 Td (*WILLIAM A. FURMAN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 210.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.32 Td (William A. Furman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 166.32 Td (*WAYLAND R. HICKS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 165.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 151.32 Td (Wayland R. Hicks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 121.32 Td (*DAVID L. JAHNKE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 120.42 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 106.32 Td (David L. Jahnke) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.20 30.40 Td (96) Tj ET Q BT /F2 12.00 Tf ET q 0 0 0 rg BT 210.20 30.40 Td ( / ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.53 30.40 Td (Schnitzer Steel Industries, Inc. Form 10-K 2014) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 734.5 m 290.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 734.5 m 294.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 734.5 m 562.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 704.5 m 290.5 704.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 659.5 m 290.5 659.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 614.5 m 290.5 614.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 739.18 Td (Signature) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 739.18 Td (T) Tj ET Q q 0 0 0 rg BT 303.49 739.18 Td (itle) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 710.07 Td (*JUDITH A. JOHANSEN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 709.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 695.07 Td (Judith A. Johansen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.07 Td (*WILLIAM D. LARSSON) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 664.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.07 Td (William D. Larsson) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.07 Td (*KENNETH M. NOVACK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.00 619.17 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.07 Td (Kenneth M. Novack) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84.5 547.5 m 324.5 547.5 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.55 553.07 Td (*By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 552.17 Td (/s/ RICHARD D. PEACH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 538.07 Td (Attorney-in-fact, Richard D. Peach) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 199 0 obj <> /View <>>>>> endobj 200 0 obj <> /View <>>>>> endobj 201 0 obj <> endobj 202 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;