0001020710-19-000041.txt : 20190508 0001020710-19-000041.hdr.sgml : 20190508 20190508155552 ACCESSION NUMBER: 0001020710-19-000041 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190508 DATE AS OF CHANGE: 20190508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DXP ENTERPRISES INC CENTRAL INDEX KEY: 0001020710 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084] IRS NUMBER: 760509661 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-21513 FILM NUMBER: 19806499 BUSINESS ADDRESS: STREET 1: 7272 PINEMONT DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7139964700 MAIL ADDRESS: STREET 1: 7272 PINEMONT DRIVE CITY: HOUSTON STATE: TX ZIP: 77040 FORMER COMPANY: FORMER CONFORMED NAME: INDEX INC DATE OF NAME CHANGE: 19960808 10-Q 1 dxpe10q3312019.htm 10-Q Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q
(Mark One)
[X]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2019
or
[ ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.For the transition period from to

Commission file number 0-21513
DXP Enterprises, Inc.
(Exact name of registrant as specified in its charter)

Texas
 
76-0509661
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification Number)
 
 
 
5301 Hollister, Houston, Texas 77040
(Address of principal executive offices, including zip code)
 
(713) 996-4700
(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).   Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]    Accelerated filer [X]    Non-accelerated filer [ ]    Smaller reporting company [ ]    Emerging growth company [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of Each Class
Trading Symbol
Name of Exchange on which Registered
Common Stock par value $0.01
DXPE
NASDAQ Global Select Market

Number of shares of registrant's Common Stock outstanding as of April 30, 2019: 17,592,190 par value $0.01 per share.





DXP ENTERPRISES, INC. AND SUBSIDIARIES
TABLE OF CONTENTS
DESCRIPTION

Item
 
Page
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



2


PART I: FINANCIAL INFORMATION

ITEM 1: FINANCIAL STATEMENTS

DXP ENTERPRISES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
(in thousands, except per share amounts) (unaudited)
 
Three Months Ended
March 31,
 
2019
 
2018
Sales
$
311,225

 
$
285,936

Cost of sales
227,025

 
209,491

Gross profit
84,200

 
76,445

Selling, general and administrative expenses
69,384

 
65,296

Income from operations
14,816

 
11,149

Other income, net
(33
)
 
(22
)
Interest expense
5,040

 
5,041

Income before income taxes
9,809

 
6,130

Provision for income taxes
2,622

 
1,636

Net income
7,187

 
4,494

Net loss attributable to noncontrolling interest
(104
)
 
(57
)
Net income attributable to DXP Enterprises, Inc.
7,291

 
4,551

Preferred stock dividend
23

 
23

Net income attributable to common shareholders
$
7,268

 
$
4,528

 
 
 
 
Net income
$
7,187

 
$
4,494

Cumulative translation adjustment
702

 
(377
)
Comprehensive income
$
7,889

 
$
4,117

 
 
 
 
Earnings per share :
 
 
 
     Basic
$
0.41

 
$
0.25

     Diluted
$
0.40

 
$
0.24

Weighted average common shares outstanding :
 
 
 
     Basic
17,566

 
17,901

     Diluted
18,406

 
18,741


The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

3


DXP ENTERPRISES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data) (unaudited)
 
March 31, 2019
 
December 31, 2018
ASSETS
 
 
 
Current assets:
 
 
 
Cash
$
30,606

 
$
40,304

Restricted cash
122

 
215

Accounts Receivable, net of allowance for doubtful accounts of $10,080 and $10,126
197,267

 
191,829

Inventories
121,754

 
114,830

Costs and estimated profits in excess of billings
38,150

 
32,514

Prepaid expenses and other current assets
5,597

 
4,938

Federal income taxes receivable
—

 
960

Total current assets
393,496

 
385,590

Property and equipment, net
51,404

 
51,330

Goodwill
194,052

 
194,052

Other intangible assets, net
63,609

 
67,207

Operating lease ROU assets
70,851

 
—

Other long-term assets
1,795

 
1,783

Total assets
$
775,207

 
$
699,962

LIABILITIES AND EQUITY
 
 
 
Current liabilities:
 
 
 
Current maturities of long-term debt
$
3,414

 
$
3,407

Trade accounts payable
92,460

 
87,407

Accrued wages and benefits
16,882

 
21,275

Customer advances
3,867

 
3,223

Billings in excess of costs and estimated profits
8,207

 
10,696

Federal income taxes payable
67

 
—

Short-term operating lease liabilities
17,660

 
—

Other current liabilities
16,075

 
17,269

Total current liabilities
158,632

 
143,277

Long-term debt, net of current maturities and unamortized debt issuance costs
236,591

 
236,979

Long-term operating lease liabilities
52,993

 
—

Other long-term liabilities
988

 
2,819

Deferred income taxes
9,422

 
8,633

Total long-term liabilities
299,994

 
248,431

Total liabilities
458,626

 
391,708

Commitments and contingencies (Note 11)


 


Shareholders' Equity:
 
 
 
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized
$
1

 
$
1

Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized
15

 
15

Common stock, $0.01 par value, 100,000,000 shares authorized; 17,435,117 and 17,401,297 outstanding
174

 
174

Additional paid-in capital
156,651

 
156,190

Retained earnings
177,003

 
169,735

Accumulated other comprehensive loss
(18,565
)
 
(19,267
)
Total DXP Enterprises, Inc. equity
315,279

 
306,848

Noncontrolling interest
1,302

 
1,406

Total equity
316,581

 
308,254

Total liabilities and equity
$
775,207

 
$
699,962


The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

4


DXP ENTERPRISES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands) (unaudited)
 
Three Months Ended
March 31,
 
2019
 
2018
CASH FLOWS FROM OPERATING ACTIVITIES:
 
 
 
Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Less net loss attributable to non-controlling interest
(104
)
 
(57
)
Net income
7,187

 
4,494

Reconciliation of net income to the net cash used in operating activities:
 
 
 
Depreciation
2,392

 
2,356

Amortization of intangible assets
3,814

 
4,358

Gain on sale of property and equipment
(8
)
 
—

Bad debt expense
58

 
829

Payment of contingent consideration liability in excess of acquisition-date fair value
(106
)
 
—

Fair value adjustment on contingent consideration
33

 
—

Amortization of debt issuance costs
468

 
462

Stock compensation expense
505

 
736

Deferred income taxes
722

 
(179
)
Changes in operating assets and liabilities
 
 
 
Trade accounts receivable
(5,035
)
 
3,953

Costs and estimated profits in excess of billings
(5,628
)
 
(8,642
)
Inventories
(6,891
)
 
(9,107
)
Prepaid expenses and other assets
3,389

 
699

Trade accounts payable and accrued expenses
1,085

 
(691
)
Billings in excess of costs and estimated profits
(2,514
)
 
(76
)
Other long-term liabilities
(4,781
)
 
—

Net cash used in operating activities
$
(5,310
)
 
$
(808
)
 
 
 
 
CASH FLOWS FROM INVESTING ACTIVITIES:
 
 
 
Purchase of property and equipment
(2,312
)
 
(791
)
Proceeds from the sale of property and equipment
29

 
—

Acquisition of business, net of cash acquired
—

 
(9,836
)
Net cash used in investing activities
$
(2,283
)
 
$
(10,627
)
 
 
 
 
CASH FLOWS FROM FINANCING ACTIVITIES:
 
 
 
Principal debt payments
(849
)
 
(844
)
Debt issuance costs
—

 
(38
)
Payment for contingent consideration liability up to acquisition-date fair value
(1,394
)
 
—

Dividends paid
(23
)
 
(23
)
Payment for employee taxes withheld from stock awards
(44
)
 
(54
)
Net cash used in financing activities
$
(2,310
)
 
$
(959
)
Effect of foreign currency on cash
112

 
(140
)
Net change in cash and restricted cash
(9,791
)
 
(12,534
)
Cash and restricted cash at beginning of period
40,519

 
25,579

Cash and restricted cash at end of period
$
30,728

 
$
13,045


The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

5


DXP ENTERPRISES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(in thousands) (unaudited)

 
Series A preferred stock
 
Series B preferred stock
 
Common stock
 
Paid-in capital
 
Retained earnings
 
Non controlling interest
 
Accum other comp loss
 
Total equity
Balances at December 31, 2017
$
1

 
$
15

 
$
174

 
$
153,087

 
$
134,182

 
$
567

 
$
(19,491
)
 
$
268,535

Preferred dividends paid
—

 
—

 
—

 
—

 
(23
)
 
—

 
—

 
(23
)
Compensation expense for restricted stock
—

 
—

 
—

 
736

 
—

 
—

 
—

 
736

Tax related items for share based awards
 
 
 
 
 
 
(54
)
 
 
 
 
 
 
 
(54
)
Issuance of shares of common stock
—

 
—

 
—

 
894

 
—

 
—

 
—

 
894

Cumulative translation adjustment
—

 
—

 
—

 
—

 
—

 
—

 
(377
)
 
(377
)
Net income
—

 
—

 
—

 
—

 
4,551

 
(57
)
 
—

 
4,494

Balances at March 31, 2018
$
1

 
$
15

 
$
174

 
$
154,663

 
$
138,710

 
$
510

 
$
(19,868
)
 
$
274,205


 
Series A preferred stock
 
Series B preferred stock
 
Common stock
 
Paid-in capital
 
Retained earnings
 
Non controlling interest
 
Accum other comp loss
 
Total equity
Balances at December 31, 2018
$
1

 
$
15

 
$
174

 
$
156,190

 
$
169,735

 
$
1,406

 
$
(19,267
)
 
$
308,254

Preferred dividends paid
—

 
—

 
—

 
—

 
(23
)
 
—

 
—

 
(23
)
Compensation expense for restricted stock
—

 
—

 
—

 
505

 
—

 
—

 
—

 
505

Tax related items for share based
 
 
 
 
 
 
(44
)
 
 
 
 
 
 
 
(44
)
Cumulative translation adjustment
—

 
—

 
—

 
—

 
—

 
—

 
702

 
702

Net income
—

 
—

 
—

 
—

 
7,291

 
(104
)
 
—

 
7,187

Balances at March 31, 2019
$
1

 
$
15

 
$
174

 
$
156,651

 
$
177,003

 
$
1,302

 
$
(18,565
)
 
$
316,581


The accompanying notes are an integral part of these unaudited condensed consolidated financial statements












6


DXP ENTERPRISES, INC. AND SUBSIDIARIES
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - THE COMPANY

DXP Enterprises, Inc. together with its subsidiaries (collectively "DXP," "Company," "us," "we," or "our") was incorporated in Texas on July 26, 1996. DXP Enterprises, Inc. and its subsidiaries are engaged in the business of distributing maintenance, repair and operating ("MRO") products, and service to energy and industrial customers. Additionally, DXP provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to energy and industrial customers. The Company is organized into three business segments: Service Centers ("SC"), Supply Chain Services ("SCS") and Innovative Pumping Solutions ("IPS"). See Note 12 - Segment Reporting for discussion of the business segments.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES

Basis of Presentation

The Company's financial statements are prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). The accompanying condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and its variable interest entity ("VIE"). The accompanying unaudited condensed consolidated financial statements have been prepared on substantially the same basis as our annual consolidated financial statements and should be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2018. For a more complete discussion of our significant accounting policies and business practices, refer to the consolidated annual report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. The results of operations for three months ended March 31, 2019 are not necessarily indicative of results expected for the full fiscal year. In the opinion of management, these condensed consolidated financial statements contain all adjustments necessary to present fairly the Company's condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2019 and March 31, 2018, condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, condensed consolidated statements of cash flows for the three months ended March 31, 2019 and March 31, 2018, and condensed consolidated statement of equity as of March 31, 2019 and March 31, 2018. All such adjustments represent normal recurring items.

All intercompany accounts and transactions have been eliminated upon consolidation.

NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS

Recently Adopted Accounting Pronouncements

Leases. In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective January 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See Note 4 - Leases for further discussion.

Accounting Pronouncements Not Yet Adopted

Intangibles-Goodwill and Other. In August 2018, the FASB issued ASU No. 2018-15, Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract based on a consensus of the FASB’s Emerging Issues Task Force (EITF) that requires implementation costs incurred by customers in cloud computing arrangements (CCAs) to be deferred and recognized over the term of the arrangement, if those costs would be capitalized by the customer in a software licensing arrangement under the internal-use software guidance in ASC 350-40, “Intangibles-Goodwill and Other-Internal-Use Software”. The ASU does not affect the accounting by cloud service providers, other software vendors or customers’ accounting for software licensing arrangements. The ASU will require companies to recognize deferred implementation costs to expense over the ‘term of the hosting arrangement’. Under the ASU, the term of the hosting arrangement comprises the noncancellable period of the CCA plus any optional renewal periods that are reasonably certain to be exercised by the customer or for which exercise of the option is controlled by the vendor. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, and we will continue to assess the standard and make a determination later.

Fair Value Measurement. In August 2018, the FASB issued ASU 2018-13: Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement which eliminates, adds and modifies certain disclosure

7


requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the disclosure requirements. The new standard will not have an impact on our results of operations, but it will significantly modify our disclosures around fair value measurements.

Financial Instruments – Credit Losses. In June 2016, the FASB issued ASU 2016-13: Financial Instruments – Credit Losses, which replaces the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses. The update is intended to provide financial statement users with more useful information about expected credit losses. The amended guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the effect, if any, that the guidance will have on the Company's Consolidated Financial Statements and related disclosures.

NOTE 4 - LEASES

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The update requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The criteria for determining whether a lease is a finance or operating lease was not significantly changed by this ASU. The ASU also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. This pronouncement was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted.

In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements (Topic 842). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of ASC 842. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method to the existing transition method by allowing entities to initially apply the new leases standard at the adoption date (such as January 1, 2019, for calendar year-end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption.

The Company adopted the standard effective January 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we elected to apply the following practical expedients and accounting policy decisions.

We elected a package of transition expedients that allowed us to forgo reassessing certain conclusions reached under ASC 840 which must be elected together. All expedients in this package were applied together for all leases that commenced before the effective date, January 1, 2019, of ASC 842. As a result, in transitioning to ASC 842, for existing leases as of 1/1/2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. We generally have four classes of leased assets : Real Estate related properties (such as office space, warehouses, distribution centers and land), Automobiles, Office Equipment and Manufacturing Equipment and do not utilize finance leases.

In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate nonlease components from the associated lease for all of our leased asset classes, except for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the nonlease components associated with that lease as a single lease component.

For short-term leases as defined under ASC 842, we elected the short-term lease exception pursuant to ASC 842 to all classes of our leased assets. We do not recognize a lease liability or a right of use asset on our consolidated balance sheets for our leased assets with an original lease term of twelve months or less. Instead, we recognize the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred and disclose in the notes to the consolidated financial statements our short-term lease expense.

The new standard did have a material impact on our consolidated balance sheets related to recording right-of-use assets and the corresponding lease liabilities for our inventory of operating leases. In January 2019, we recorded a ROU Asset and total lease liability obligations of approximately $72 million, each. The new standard did not have a material impact on our consolidated statements of operations and had no impact on cash flows.

8



We lease office space, warehouses, land, automobiles, and office and manufacturing equipment. All of our leases are classified as operating leases.

Our leases have remaining lease terms of 1 month to 12 years, some of which include options to extend the leases for up to 14 years. The exercise of lease renewal options is at our sole discretion. Our lease agreements do not include options to purchase the leased property.

The lease expenses were as follows (in thousands):

 
 
 
 
Three Months Ended
March 31,
Lease cost
 
Classification
 
2019
Short-term lease expense
 
SG&A expenses(*)
 
$
269

Other operating lease cost
 
SG&A expenses(*)
 
5,832

Total operating lease cost
 
 
 
$
6,101

(*) Manufacturing equipment and some vehicle rental expenses are included in the cost of sales.


Supplemental cash flow information related to leases was as follows (in thousands):

 
 
Three Months Ended
March 31,
Lease
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
     Operating cash flows from operating leases
 
$
4,513

Right-of-use assets obtained in exchange for lease liabilities
 
 
     Operating leases
 
$
2,935


9



Supplemental balance sheet information related to leases was as follows (in thousand):

Lease
 
Classification
 
Impact of ASC 842 Transition
 
Leases commenced during the quarter
 
Payments, amortization and terminations
 
As of March 31, 2019
Assets
 
 
 
 
 
 
 
 
 
 
   Operating
 
Operating lease right-of-use assets
 
$
72,679

 
$
2,935

 
$
(4,763
)
 
$
70,851

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
   Current operating
 
Short-term operating lease liabilities
 
18,762

 
678

 
(1,780
)
(*) 
17,660

   Non-current operating
 
Long-term operating lease liabilities
 
53,654

 
2,256

 
(2,917
)
 
52,993

Total operating lease liabilities
 
 
 
$
72,416

 
$
2,934

 
$
(4,697
)
 
$
70,653


Note: As most of our leases do not provide an implicit rate, we use our incremental borrowing rate associated with secured debt based on the information available at the commencement date in determining the present value of lease payments for leases commenced on or after January 1, 2019. We used our incremental borrowing rate as of the transition date of January 1, 2019 for operating leases that commenced prior to transition to ASC 842.

(*) Amount is net of the reclassification of long-term liability to short-term lease liability as of March 31, 2019.

Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,
 
Operating leases (*)
2019 (excluding 3 months ended 3/31/2019)
 
$
16,884

2020
 
19,360

2021
 
16,061

2022
 
12,034

2023
 
7,119

Thereafter
 
13,359

Total lease payments
 
$
84,817

Less: imputed interest
 
14,164

Present value of lease liabilities
 
$
70,653


(*) Operating lease payments exclude $250 thousand of legally binding minimum lease payments for leases signed but not yet commenced.














10


Contractual obligations related to operating leases as of December 31, 2018, under ASC 840 (in thousands):

 
 
Payments due by period
 
 
Less than 1 year
 
1-3 years
 
3-5 years
 
More than 5 years
 
Total
Operating lease obligations
 
$
22,096

 
$
33,825

 
$
18,379

 
$
11,022

 
$
85,322


Lease term and discount rate
 
March 31, 2019
Weighted average remaining lease term (years)
 
 
  Operating lease
 
5.06
Weighted average discount rate
 
 
  Operating lease
 
7.3%

For the three months ended March 31, 2019, the Company paid approximately $550 thousand in lease expenses to entities controlled by the Company's Chief Executive Officer, David Little.

NOTE 5 - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

Authoritative guidance for financial assets and liabilities measured on a recurring basis applies to all financial assets and financial liabilities that are being measured and reported on a fair value basis. Fair value, as defined in the authoritative guidance, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance affects the fair value measurement of an investment with quoted market prices in an active market for identical instruments, which must be classified in one of the following categories:

Level 1 Inputs

Level 1 inputs come from quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 Inputs

Level 2 inputs are other than quoted prices that are observable for an asset or liability. These inputs include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.

Level 3 Inputs

Level 3 inputs are unobservable inputs for the asset or liability which require the Company's own assumptions.

Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels.

Our acquisitions may include contingent consideration as part of the purchase price. The fair value of the contingent consideration is estimated as of the acquisition date based on the present value of the contingent payments to be made using a weighted probability of possible payments. The unobservable inputs used in the determination of the fair value of the contingent consideration include managements assumptions about the likelihood of payment based on the established benchmarks and discount rates based on an internal rate of return analysis. The fair value measurement includes inputs that are Level 3 measurement as discussed above, as they are not observable in the market. Should actual results increase or decrease as compared to the assumption used in our analysis, the fair value of the contingent consideration obligations will increase or decrease, up to the contracted limit, as applicable. Changes in the fair value of the contingent earn-out consideration are measured each reporting period and reflected in our results of operations.  As of March 31, 2019, we recorded a $2.9 million liability for contingent consideration associated with the acquisition of Application Specialties Inc. ("ASI") in other current and long-term liabilities.


11


For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the three months ended March 31, 2019:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
 
Contingent Liability for Accrued Consideration
 
(in thousands)
Beginning balance at December 31, 2018
$
4,319

Acquisitions and settlements
 
Acquisitions
—

Settlements
(1,500
)
Total remeasurement adjustments:
 
Changes in fair value recorded in profit and loss
33

*Ending Balance at March 31, 2019
$
2,852

 
 
The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019.
$
33

 
 

* Included in other current and long-term liabilities
 

 
Quantitative Information about Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:
(in thousands, unaudited)
Fair value at March 31, 2019
Valuation Technique
Significant Unobservable
Inputs
Contingent consideration:
(ASI acquisition)
$
2,852

Discounted cash flow
Annualized EBITDA and probability of achievement

Sensitivity to Changes in Significant Unobservable Inputs

As presented in the table above, the significant unobservable inputs used in the fair value measurement of contingent consideration related to the acquisition of ASI are annualized earnings before interest, tax, deprecation and amortization ("EBITDA") forecasts developed by the Company's management and the probability of achievement of those EBITDA results. The discount rate used in the calculation was 7.3%. Significant increases (decreases) in these unobservable inputs in isolation would result in a significantly (lower) higher fair value measurement.

Other financial instruments not measured at fair value on the Company's unaudited condensed consolidated balance sheet at March 31, 2019 and December 31, 2018, but which require disclosure of their fair values include: cash and cash equivalents, trade accounts receivable, trade accounts payable and accrued expenses, accrued payroll and related benefits, and the revolving line of credit and term loan debt under our syndicated credit agreement facility. The Company believes that the estimated fair value of such instruments at March 31, 2019 and December 31, 2018 approximates their carrying value as reported on the unaudited condensed consolidated balance sheets.


12


NOTE 6 – INVENTORIES

The carrying values of inventories are as follows (in thousands):
 
March 31, 2019
 
December 31, 2018
Finished goods
$
105,448

 
$
110,182

Work in process
28,613

 
17,344

Obsolescence reserve
(12,307
)
 
(12,696
)
Inventories
$
121,754

 
$
114,830


NOTE 7 – COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS

Under our customized pump production contracts in our IPS segment, amounts are billed as work progresses in accordance with agreed-upon contractual terms, upon various measures of performance, including achievement of certain milestones, completion of specified units, or completion of a contract. Generally, billing occurs subsequent to revenue recognition, resulting in contract assets. Our contract assets are presented as “cost and estimated profits in excess of billings” on our
Condensed Condsolidated Balance Sheets. However, we sometimes receive advances or deposits from our customers before revenue is recognized, resulting in contract liabilities that are presented as “Billings in excess of costs and estimated profits” on our Condensed Consolidated Balance Sheets.

Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (in thousands):

 
March 31, 2019
 
December 31, 2018
Costs incurred on uncompleted contracts
$
69,861

 
$
53,595

Estimated profits, thereon
8,744

 
6,847

Total
78,605

 
60,442

Less: billings to date
48,662

 
38,662

Net
$
29,943

 
$
21,780


Such amounts were included in the accompanying Condensed Consolidated Balance Sheets for March 31, 2019 and December 31, 2018 under the following captions (in thousands):

 
March 31, 2019
 
December 31, 2018
Costs and estimated profits in excess of billings
$
38,150

 
$
32,514

Billings in excess of costs and estimated profits
(8,207
)
 
(10,696
)
Translation adjustment
—

 
(38
)
Net
$
29,943

 
$
21,780


During the three months ended March 31, 2019, $8.3 million of the balances that were previously classified as contract liabilities at the beginning of the period shipped. Contract assets and liability changes were primarily due to normal activity and timing differences between our performance and customer payments.

NOTE 8 – INCOME TAXES

Our effective tax rate from continuing operations was a tax expense of 26.7% for the three months ended March 31, 2019 compared to a tax expense of 26.7% for the three months ended March 31, 2018. Compared to the U.S. statutory rate for the three months ended March 31, 2019, the effective tax rate was increased by state taxes and nondeductible expenses and partially offset by foreign taxes research and development tax credits, foreign tax credits, and other tax credits. Compared to the U.S. statutory rate for the three months ended March 31, 2018, the effective tax rate was increased by state taxes and nondeductible expenses and partially offset by foreign taxes, research and development credits, and other tax credits.


13


To the extent penalties and interest would be assessed on any underpayment of income tax, such accrued amounts would be classified as a component of income tax provision (benefit) in the financial statements consistent with the Company’s policy.

NOTE 9 – LONG-TERM DEBT

The components of the Company's long-term debt consisted of the following (in thousands):

 
March 31, 2019
 
December 31, 2018
 
Carrying Value (1)
 
Fair Value
 
Carrying Value (1)
 
Fair Value
ABL Revolver
$
—

 
$
—

 
$
—

 
$
—

Term Loan B
246,250

 
249,944

 
246,875

 
245,949

Promissory note payable (2)
1,616

 
1,616

 
1,841

 
1,841

Total long-term debt
247,866

 
251,560

 
248,716

 
247,790

Less: current portion
(3,414
)
 
(3,451
)
 
(3,407
)
 
(3,398
)
Long-term debt less current maturities
$
244,452

 
$
248,109

 
$
245,309

 
$
244,392


(1) Carrying value amounts do not include unamortized debt issuance costs of $7.9 million and $8.3 million for March 31, 2019 and December 31, 2018, respectively.
(2) Note payable in monthly installments at 2.9% through January 2021, collateralized by equipment.

The fair value measurements used by the Company are considered Level 2 inputs, as defined in the fair value hierarchy. The fair value estimates were based on quoted prices for identical or similar securities.

The Company was in compliance with all financial covenants under the ABL Revolver and Term Loan B Agreements as of March 31, 2019.
































14


NOTE 10 - EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

 
Three Months Ended
March 31,
 
2019
 
2018
Basic:
 
 
 
Weighted average shares outstanding
17,566

 
17,901

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Convertible preferred stock dividend
23

 
23

Net income attributable to common shareholders
$
7,268

 
$
4,528

Per share amount
$
0.41

 
$
0.25

 
 
 
 
Diluted:
 
 
 
Weighted average shares outstanding
17,566

 
17,901

Assumed conversion of convertible preferred stock
840

 
840

Total dilutive shares
18,406

 
18,741

Net income attributable to common shareholders
$
7,268

 
$
4,528

Convertible preferred stock dividend
23

 
23

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Per share amount
$
0.40

 
$
0.24


NOTE 11 - COMMITMENTS AND CONTINGENCIES

From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP is unable to predict the outcome of these lawsuits, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on DXP's consolidated financial position, cash flows, or results of operations.

NOTE 12 - SEGMENT REPORTING

The Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing maintenance, MRO products, equipment and integrated services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, remanufactures pumps and manufactures branded private label pumps. The Supply Chain Services segment provides a wide range of MRO products and manages all or part of a customer's supply chain, including warehouse and inventory management.

The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of intersegment eliminations.










15


The following table sets out financial information related to the Company's segments excluding amortization (in thousands):

Three Months Ended March 31, 2019
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
171,668

 
$
—

 
$
46,385

 
$
218,053

Inventory management services (recognized over contract life)
—

 
—

 
3,938

 
3,938

Staffing services (day-rate basis)
14,511

 
—

 
—

 
14,511

Customized pump production (recognized over time)
—

 
74,723

 
—

 
74,723

Total Revenue
$
186,179

 
$
74,723

 
$
50,323

 
$
311,225

Income from operations
$
18,980

 
$
6,799

 
$
4,086

 
$
29,865



Three Months Ended March 31, 2018
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
160,544

 
$
—

 
$
39,702

 
$
200,246

Inventory management services (recognized over contract life)
—

 
—

 
3,230

 
3,230

Staffing services (day-rate basis)
14,818

 
—

 
—

 
14,818

Customized pump production (recognized over time)
—

 
67,642

 
—

 
67,642

Total Revenue
$
175,362

 
$
67,642

 
$
42,932

 
$
285,936

Income from operations
$
15,830

 
$
6,382

 
$
4,054

 
$
26,266


The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
Operating income for reportable segments
$
29,865

 
$
26,266

Adjustment for:
 
 
 
Amortization of intangible assets
3,814

 
4,358

Corporate expenses
11,235

 
10,759

Income from operations
$
14,816

 
$
11,149

Interest expense
5,040

 
5,041

Other income, net
(33
)
 
(22
)
Income before income taxes
$
9,809

 
$
6,130


The Company's identifiable assets by segments are as follows (in thousands):

 
As of March 31, 2019
 
As of December 31, 2018
Service Centers
$
460,604

 
$
402,944

Innovative Pumping Solutions
209,742

 
188,765

Supply Chain Services
59,725

 
53,517

Total Identifiable Assets
$
730,071

 
$
645,226


The Company had identifiable assets at Corporate of $45.1 million and $54.7 million, as of March 31, 2019 and December 31, 2018.




16


NOTE 13 - SUBSEQUENT EVENTS

We have evaluated subsequent events through the date the interim Condensed Consolidated Financial Statements were issued. There were no subsequent events that required recognition or disclosure unless elsewhere identified in this report.


17


ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following management discussion and analysis ("MD&A") of the financial condition and results of operations of DXP Enterprises, Inc. together with its subsidiaries (collectively "DXP," "Company," "us," "we," or "our") for the three months ended March 31, 2019 should be read in conjunction with our previous annual report on Form 10-K and our quarterly reports on Form 10-Q, and the consolidated financial statements and notes thereto included in our annual and quarterly reports. The Company's consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP").

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

This Quarterly Report on Form 10-Q (this "Report") contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements can be identified by the use of forward-looking terminology such as "believes", "expects", "may", "might", "estimates", "will", "should", "could", "would", "suspect", "potential", "current", "achieve", "plans" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Any such forward-looking statements are not guarantees of future performance and may involve significant risks and uncertainties, and actual results may vary materially from those discussed in the forward-looking statements or historical performance as a result of various factors. These factors include the effectiveness of management's strategies and decisions, our ability to implement our internal growth and acquisition growth strategies, general economic and business conditions specific to our primary customers, changes in government regulations, our ability to effectively integrate businesses we may acquire, our success in remediating our internal control weaknesses, new or modified statutory or regulatory requirements, availability of materials and labor, inability to obtain or delay in obtaining government or third-party approvals and permits, non-performance by third parties of their contractual obligations, unforeseen hazards such as weather conditions, acts or war or terrorist acts and the governmental or military response thereto, cyber-attacks adversely affecting our operations, other geological, operating and economic considerations and declining prices and market conditions, including reduced oil and gas prices and supply or demand for maintenance, repair and operating products, equipment and service, and our ability to obtain financing on favorable terms or amend our credit facilities as needed. This Report identifies other factors that could cause such differences. We cannot assure that these are all of the factors that could cause actual results to vary materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in "Risk Factors", included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. We assume no obligation and do not intend to update these forward-looking statements. Unless the context otherwise requires, references in this Report to the "Company", "DXP", "we" or "our" shall mean DXP Enterprises, Inc., a Texas corporation, together with its subsidiaries.

18


RESULTS OF OPERATIONS
(in thousands, except percentages and per share data)

DXP is organized into three business segments: Service Centers ("SC"), Supply Chain Services ("SCS") and Innovative Pumping Solutions ("IPS"). The Service Centers are engaged in providing maintenance, repair and operating ("MRO") products, equipment and integrated services, including technical expertise and logistics capabilities, to industrial customers with the ability to provide same day delivery. The Service Centers provide a wide range of MRO products and services in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, industrial supply and safety product and service categories. The SCS segment provides a wide range of MRO products and manages all or part of our customer's supply chain function, and inventory management. The IPS segment fabricates and assembles integrated pump system packages custom made to customer specifications, remanufactures pumps and manufactures branded private label pumps. Over 90% of DXP's revenues represent sales of products.

 
Three Months Ended March 31,
 
2019
 
%
 
2018
 
%
Sales
$
311,225

 
100.0
 %
 
$
285,936

 
100.0
 %
Cost of sales
227,025

 
72.9
 %
 
209,491

 
73.3
 %
Gross profit
84,200

 
27.1
 %
 
76,445

 
26.7
 %
Selling, general and administrative expenses
69,384

 
22.3
 %
 
65,296

 
22.8
 %
Income from operations
14,816

 
4.8
 %
 
11,149

 
3.9
 %
Other (income) expense, net
(33
)
 
—
 %
 
(22
)
 
—
 %
Interest expense
5,040

 
1.6
 %
 
5,041

 
1.8
 %
Income before income taxes
9,809

 
3.2
 %
 
6,130

 
2.1
 %
Provision for income taxes (benefit)
2,622

 
0.8
 %
 
1,636

 
0.6
 %
Net income
7,187

 
2.3
 %
 
4,494

 
1.5
 %
Net loss attributable to noncontrolling interest
(104
)
 
—

 
(57
)
 
—

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
2.3
 %
 
$
4,551

 
1.5
 %
Per share amounts attributable to DXP Enterprises, Inc.
 
 
 
 
 
 
 
Basic earnings per share
$
0.41

 
 
 
$
0.25

 
 
Diluted earnings per share
$
0.40

 
 
 
$
0.24

 
 

Three Months Ended March 31, 2019 compared to Three Months Ended March 31, 2018

SALES. Sales for the three months ended March 31, 2019 increased $25.3 million, or 8.8%, to approximately $311.2 million from $285.9 million for the prior year's corresponding period. This sales increase is the result of an increase in our SC, SCS and IPS segments of $10.8 million, $7.4 million and $7.1 million, respectively. The fluctuations in sales is further explained in our business segment discussions below.

 
Three Months Ended March 31,
 
2019
 
2018
 
Change
 
Change%
Sales by Business Segment
(in thousands, except change%)
Service Centers
$
186,179

 
$
175,362

 
$
10,817

 
6.2
%
Innovative Pumping Solutions
74,723

 
67,642

 
7,081

 
10.4
%
Supply Chain Services
50,323

 
42,932

 
7,391

 
17.2
%
Total DXP Sales
$
311,225

 
$
285,936

 
$
25,289

 
8.8
%






19


Service Centers segment. Sales for the Service Centers segment increased by $10.8 million, or 6.2% for the three months ended March 31, 2019 compared to the prior year's corresponding period. This sales increase is primarily the result of increased sales of rotating equipment, bearings and power transmissions and metal working products to customers engaged in the late upstream, midstream or downstream oil and gas markets or manufacturing equipment for these markets in connection with increased capital spending by oil and gas producers. If crude oil and natural gas prices and the drilling rig count remain at levels experienced during 2018, this level of sales to the oil and gas industry might continue, or improve, during the remainder of 2019.

Supply Chain Services segment. Sales for the SCS segment increased by $7.4 million, or 17.2%, for the three months ended March 31, 2019, compared to the prior year's corresponding period. The increase in sales is primarily related to increased sales to customers in the medical device, aerospace, oil and gas and food and beverage industries due to new locations.

Innovative Pumping Solutions segment. Sales for the IPS segment increased by $7.1 million, or 10.5% for the three months ended March 31, 2019 compared to the prior year's corresponding period. This increase was primarily the result of an increase in the capital spending by oil and gas producers and related businesses stemming from an increase in the drilling rig count production and the price of oil during the first three months of 2019 compared to the prior year corresponding period. This level of IPS sales might continue, or improve, during the remainder of 2019, if crude oil and natural gas prices and the drilling rig count remain at levels experienced during the first three months of 2019.

GROSS PROFIT. Gross profit as a percentage of sales for the three months ended March 31, 2019 increased by approximately 32 basis points from the prior year's corresponding period. The increase in the gross profit percentage is primarily the result of an approximate 104 basis point increase in the gross profit percentage in our IPS segment, 41 basis point increase in the gross profit percentage in our SC segment partially offset by an approximate 56 basis point decrease in the gross profit percentage in our SCS segment. Gross profit for the IPS segment increased as a result of an increase in the capital spending by oil and gas producers and related businesses stemming from an increase in the drilling rig count production and the price of oil during the first three months of 2019.

Innovative Pumping Solutions segment. As a percentage of sales, the first quarter gross profit percentage for the IPS segment increased approximately 104 basis points from the prior year's corresponding period primarily as a result of an increase in utilization and capacity within IPS' engineered-to-order business and an overall improvement in the pricing environment driven by an increase in capital spending by oil and gas producers. Additionally, gross profit margins for individual orders have continued to improve because of the increase in sales of built to order customer specific products. Operating income for the IPS segment increased $0.4 million or 6.5%, primarily as a result of the above mentioned increase in sales.

Service Centers segment. As a percentage of sales, the first quarter gross profit percentage for the Service Centers increased approximately 41 basis points from the prior year's corresponding period. This was primarily as a result of sales mix and price increases from vendors. Operating income for the Service Centers segment increased $3.2 million, or 19.9%. The increase in operating income is primarily the result of the improved sales.

Supply Chain Services segment. Gross profit as a percentage of sales decreased approximately 56 basis points, compared to the prior year's corresponding period. This was primarily as a result of costs associated with new customer implementation. Operating income for the first quarter of 2019 primarily remained flat compared to the prior year's corresponding period mainly due to an increase in SG&A expense of $1.4 million primarily related to payroll and incentive compensation offset by an increase in gross profit of $1.4 million.

SELLING, GENERAL AND ADMINISTRATIVE ("SG&A"). Selling, general and administrative expense for the three months ended March 31, 2019 increased by approximately $4.1 million, or 6.3%, to $69.4 million from $65.3 million for the prior year's corresponding period. The overall increase in SG&A is the result of increased payroll, incentive compensation and related taxes and 401(k) expenses primarily due to increased headcount. The remaining increase in SG&A expense for the first quarter of 2019, is a result of the increase in sales. The first quarter 2019 expense decreased 54 basis points to 22.3% from 22.8% for the prior year's corresponding period primarily as a result of the fixed cost leverage nature of SG&A.

OPERATING INCOME. Operating income for the first quarter of 2019 increased by $3.6 million, to $29.9 million, from $26.3 million in the prior year's corresponding period. This increase in operating income is primarily related to the increase in sales discussed above.

INTEREST EXPENSE. Interest expense for the first quarter of 2019 remained consistent with the prior year's corresponding period.


20


INCOME TAXES. Our effective tax rate from continuing operations was a tax expense of 26.7% for the three months ended March 31, 2019 compared to a tax benefit of 26.7% for the three months ended March 31, 2018. Compared to the U.S. statutory rate for the three months ended March 31, 2019, the effective tax rate was increased by state taxes, and nondeductible expenses. The effective tax rate was decreased by foreign tax, research and development tax credits, foreign tax credits, and other tax credits.
Compared to the U.S. statutory rate for the three months ended March 31, 2018, the effective tax rate was increased by state taxes and nondeductible expenses. The effective tax rate was decreased by foreign taxes, research and development credits, and other tax credits.

LIQUIDITY AND CAPITAL RESOURCES

General Overview

As of March 31, 2019, we had cash and cash equivalents of $30.7 million and bank and other borrowings of $240.0 million. We have a $85 million Asset-Based loan facility that is due to mature in August 2022, under which we had no borrowing outstanding as of March 31, 2019.

Our primary source of capital is cash flow from operations, supplemented as necessary by bank borrowings or other sources of debt. As a distributor of MRO products and services, we require significant amounts of working capital to fund inventories and accounts receivable. Additional cash is required for capital items for information technology, warehouse equipment, leasehold improvements, pump manufacturing equipment and safety services equipment. We also require cash to pay our lease obligations and to service our debt.

The following table summarizes our net cash flows used in and provided by operating activities, net cash used in investing activities and net cash (used in) provided by financing activities for the periods presented (in thousands):

 
Three Months Ended
March 31,
 
2019
 
2018
Net Cash Used in:
 
 
 
Operating Activities
$
(5,310
)
 
$
(808
)
Investing Activities
(2,283
)
 
(10,627
)
Financing Activities
(2,310
)
 
(959
)
Effect of Foreign Currency
112

 
(140
)
Net Change in Cash
$
(9,791
)
 
$
(12,534
)

Operating Activities

The Company used $5.3 million of cash in operating activities during the three months ended March 31, 2019 compared to using $0.8 million of cash during the prior year's corresponding period. The $4.5 million increase in the amount of cash used between the two periods was primarily driven by increases in costs and estimated profits in excess of billings as a result of increased project activity at our IPS segment.

Investing Activities

For the three months ended March 31, 2019, net cash used in investing activities was $2.3 million compared to $10.6 million in the corresponding period in 2018. This $8.3 million decrease was primarily driven by the purchase of ASI in 2018 and partially offset by investing in capital equipment. For the three months ended March 31, 2019, purchases of property and equipment was approximately $2.3 million.

Financing Activities

For the three months ended March 31, 2019, net cash used in financing activities was $2.3 million, compared to net cash used in financing activities of $1.0 million for the corresponding period in 2018. The activity in the period was primarily attributed to the payment of contingent consideration associated with the purchase of ASI.


21


During the three months ended March 31, 2019, the amount available to be borrowed under our credit facility increased to $79.6 million compared to $79.3 million at December 31, 2018. This was the result of $5.4 million in letters of credit outstanding as of March 31, 2019 compared to $5.7 million in letters of credit outstanding as of December 31, 2018.

We believe this is adequate funding to support working capital needs within the business.

Funding Commitments

We intend to pursue additional acquisition targets, but the timing, size or success of any acquisition effort and the related potential capital commitments cannot be determined with certainty. We continue to expect to fund future acquisitions primarily with cash flows from operations and borrowings, including the undrawn portion of the credit facility or new debt issuances, but may also issue additional equity either directly or in connection with acquisitions. There can be no assurance that additional financing for acquisitions will be available at terms acceptable to us.

We believe our cash generated from operations will meet our normal working capital needs during the next twelve months. However, we may require additional debt outside of our credit facilities or equity financing to fund potential acquisitions. Such additional financings may include additional bank debt or the public or private sale of debt or equity securities. In connection with any such financing, we may issue securities that substantially dilute the interests of our shareholders.

DISCUSSION OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES

Critical accounting and business policies are those that are both most important to the portrayal of a company's financial position and results of operations, and require management's subjective or complex judgments. These policies have been discussed with the Audit Committee of the Board of Directors of DXP.

The Company's condensed financial statements are prepared in accordance with accounting principles generally accepted in the United States of America ("US GAAP"). The accompanying Condensed Consolidated Financial Statements include the accounts of the Company, its wholly owned subsidiaries and its variable interest entity ("VIE"). The accompanying unaudited Condensed Consolidated Financial Statements have been prepared on substantially the same basis as our annual Consolidated Financial Statements and should be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2018. For a more complete discussion of our significant accounting policies and business practices, refer to the consolidated annual report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. The results of operations for the three months ended March 31, 2019 are not necessarily indicative of results expected for the full fiscal year.

RECENT ACCOUNTING PRONOUNCEMENTS

See Note 3 - Recent Accounting Pronouncements to the Condensed Consolidated Financial Statements for information regarding recent accounting pronouncements.






















22


ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

For quantitative and qualitative disclosures about market risk, see Item 7A, 'Quantitative and Qualitative Disclosures About Market Risk,' of our annual report on Form 10-K for the year ended December 31, 2018. Our exposures to market risk have not changed materially since December 31, 2018.

ITEM 4: CONTROLS AND PROCEDURES.

Disclosure Controls and Procedures
We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed by us in reports we file or submit under the Securities Exchange Act of 1934 is reported, processed, and summarized within the time periods specified in the SEC’s rules and forms. As of March 31, 2019, our management, with the participation of our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934). Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as a result of the material weakness in internal control over financial reporting previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2018, and as described below, our disclosure controls and procedures were not effective as of March 31, 2019.
Previously Reported Material Weakness
As reported in Item 9A of our Annual Report on Form 10-K for the year ended December 31, 2018, our management concluded that our internal control over financial reporting was not effective as of that date because of a material weakness in our internal controls over financial reporting. We concluded that we had material weaknesses in our control environment and monitoring to support the financial reporting process. We specifically did not maintain effective management review controls over the monitoring and review of certain accounts; and management did not effectively design, document nor monitor (review, evaluate and assess) the key internal control activities that provide the accounting information contained in the Company’s consolidated financial statements.
Remediation Plans

We are committed to remediating the material weaknesses and, as such, implemented changes to our internal control over financial reporting. We implemented additional procedures to address the underlying causes of the material weaknesses throughout 2018 and beyond, and continue to implement changes and improvements in our internal control over financial reporting to remediate the control deficiencies that caused the material weaknesses. We believe with full implementation and testing of the design and operating effectiveness of the newly implemented and revised controls, the actions previously described in Item 9A of our Annual Report on Form 10-K for the year ended December 31, 2018 will successfully remediate the material weaknesses in our internal control over financial reporting. Management continues to report regularly to the Audit Committee regarding the status of the implementation activities and progress.
Changes in Internal Control over Financial Reporting

Except as described above, there are no changes in our internal control over financial reporting that occurred during the three months ended March 31, 2019 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations of Internal Controls
Internal control over financial reporting cannot provide absolute assurance of achieving financial reporting objectives because of its inherent limitations. Internal control over financial reporting is a process that involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting can also be circumvented by collusion or improper management override. Because of such limitations, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process safeguards to reduce, though not eliminate, this risk.


23


PART II: OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP is unable to predict the outcome of these lawsuits, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on DXP's consolidated financial position, cash flows, or results of operations.

ITEM 1A. RISK FACTORS.

No material changes have occurred from risk factors previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2018.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None

ITEM 4. MINE SAFETY DISCLOSURES.

None.

ITEM 5. OTHER INFORMATION.

None.


ITEM 6. EXHIBITS.

101
Interactive Data Files

Exhibits designated by the symbol * are filed or furnished with this Quarterly Report on Form 10-Q. All exhibits not so designated are incorporated by reference to a prior filing with the Commission as indicated.

24


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

DXP ENTERPRISES, INC.
(Registrant)
By: /s/ Kent Yee
Kent Yee
Senior Vice President and Chief Financial Officer
(Duly Authorized Signatory and Principal Financial Officer)

Dated: May 8, 2019

25
 EX-31.1 2 dxpeex3113312019.htm EXHIBIT 31.1 Exhibit


Exhibit 31.1
CERTIFICATION

I, David R. Little, certify that:

1.
I have reviewed this report on Form 10-Q of DXP Enterprises, Inc.;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

May 8, 2019

/s/ David R. Little
David R. Little
President and Chief Executive Officer
(Principal Executive Officer)



 EX-31.2 3 dxpeex3123312019.htm EXHIBIT 31.2 Exhibit


Exhibit 31.2
CERTIFICATION

I, Kent Yee, certify that:

1.
I have reviewed this report on Form 10-Q of DXP Enterprises, Inc.;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a.
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b.
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d.
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.
The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a.
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b.
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

May 8, 2019

/s/ Kent Yee
Kent Yee
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)


 EX-32.1 4 dxpeex3213312019.htm EXHIBIT 32.1 Exhibit


Exhibit 32.1

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350, the undersigned officer of DXP Enterprises, Inc. (the "Company"), hereby certifies that, to my knowledge, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 (the "Report") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David R. Little
David R. Little
President and Chief Executive Officer
(Principal Executive Officer)

May 8, 2019

The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and is not being filed as part of the Report or as a separate disclosure document.



 EX-32.2 5 dxpeex3223312019.htm EXHIBIT 32.2 Exhibit


Exhibit 32.2

CERTIFICATION

Pursuant to 18 U.S.C. Section 1350, the undersigned officer of DXP Enterprises, Inc. (the "Company"), hereby certifies that, to my knowledge, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 (the "Report") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Kent Yee
Kent Yee
Senior Vice President and Chief Financial Officer
(Principal Financial Officer)


May 8, 2019

The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, and is not being filed as part of the Report or as a separate disclosure document.



 EX-101.INS 6 dxpe-20190331.xml XBRL INSTANCE DOCUMENT 0001020710 2019-01-01 2019-03-31 0001020710 2019-04-30 0001020710 2018-01-01 2018-03-31 0001020710 2019-03-31 0001020710 2018-12-31 0001020710 us-gaap:SeriesAPreferredStockMember 2018-12-31 0001020710 us-gaap:ConvertiblePreferredStockMember 2018-12-31 0001020710 us-gaap:SeriesAPreferredStockMember 2019-03-31 0001020710 us-gaap:ConvertiblePreferredStockMember 2019-03-31 0001020710 2018-03-31 0001020710 2017-12-31 0001020710 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001020710 us-gaap:NoncontrollingInterestMember 2017-12-31 0001020710 us-gaap:NoncontrollingInterestMember 2018-03-31 0001020710 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001020710 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0001020710 us-gaap:RetainedEarningsMember 2018-03-31 0001020710 us-gaap:RetainedEarningsMember 2017-12-31 0001020710 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001020710 us-gaap:CommonStockMember 2018-03-31 0001020710 us-gaap:SeriesAPreferredStockMember 2017-12-31 0001020710 us-gaap:CommonStockMember 2017-12-31 0001020710 us-gaap:SeriesBPreferredStockMember 2018-03-31 0001020710 us-gaap:SeriesBPreferredStockMember 2017-12-31 0001020710 us-gaap:SeriesAPreferredStockMember 2018-03-31 0001020710 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-03-31 0001020710 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001020710 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0001020710 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001020710 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-03-31 0001020710 us-gaap:CommonStockMember 2018-12-31 0001020710 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001020710 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001020710 us-gaap:RetainedEarningsMember 2019-03-31 0001020710 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001020710 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001020710 us-gaap:NoncontrollingInterestMember 2018-12-31 0001020710 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001020710 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001020710 us-gaap:NoncontrollingInterestMember 2019-03-31 0001020710 us-gaap:RetainedEarningsMember 2018-12-31 0001020710 us-gaap:SeriesBPreferredStockMember 2018-12-31 0001020710 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001020710 us-gaap:SeriesBPreferredStockMember 2019-03-31 0001020710 us-gaap:CommonStockMember 2019-03-31 0001020710 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 2019-03-31 0001020710 2019-01-01 0001020710 srt:MinimumMember 2019-03-31 0001020710 us-gaap:ChiefExecutiveOfficerMember 2019-01-01 2019-03-31 0001020710 srt:MaximumMember 2019-03-31 0001020710 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001020710 us-gaap:FairValueInputsLevel3Member dxpe:AnnualizedEBITDAAndProbabilityOfAchievementMember us-gaap:ValuationTechniqueDiscountedCashFlowMember 2019-03-31 0001020710 dxpe:OtherCurrentandNoncurrentLiabilitiesMember dxpe:ApplicationSpecialtiesIncMember 2019-03-31 0001020710 us-gaap:FairValueInputsLevel3Member dxpe:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2019-01-01 2019-03-31 0001020710 us-gaap:FairValueInputsLevel3Member dxpe:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2019-03-31 0001020710 us-gaap:FairValueInputsLevel3Member dxpe:ContingentConsiderationLiabilityMember us-gaap:FairValueMeasurementsRecurringMember 2018-12-31 0001020710 dxpe:PromissoryNoteDueJanuary2021Member 2019-03-31 0001020710 dxpe:PromissoryNoteDueJanuary2021Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001020710 dxpe:PromissoryNoteDueJanuary2021Member us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0001020710 dxpe:TermLoanBMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0001020710 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0001020710 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0001020710 dxpe:PromissoryNoteDueJanuary2021Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001020710 dxpe:TermLoanBMember us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0001020710 dxpe:ABLRevolverMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0001020710 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001020710 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001020710 dxpe:ABLRevolverMember us-gaap:EstimateOfFairValueFairValueDisclosureMember 2019-03-31 0001020710 dxpe:PromissoryNoteDueJanuary2021Member us-gaap:CarryingReportedAmountFairValueDisclosureMember 2019-03-31 0001020710 dxpe:TermLoanBMember us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001020710 dxpe:ABLRevolverMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001020710 dxpe:TermLoanBMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2018-12-31 0001020710 dxpe:ABLRevolverMember us-gaap:EstimateOfFairValueFairValueDisclosureMember 2018-12-31 0001020710 dxpe:PromissoryNoteDueJanuary2021Member 2018-12-31 0001020710 us-gaap:CorporateNonSegmentMember 2019-03-31 0001020710 us-gaap:CorporateNonSegmentMember 2018-12-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember dxpe:ServiceCentersMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:InnovativePumpingSolutionsMember 2019-01-01 2019-03-31 0001020710 dxpe:ServiceCentersMember 2019-01-01 2019-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember dxpe:ServiceCentersMember us-gaap:TransferredAtPointInTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:SupplyChainServicesMember 2019-01-01 2019-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember dxpe:ServiceCentersMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember dxpe:ServiceCentersMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember us-gaap:TransferredOverTimeMember 2019-01-01 2019-03-31 0001020710 dxpe:SupplyChainServicesMember 2018-12-31 0001020710 dxpe:ServiceCentersMember 2019-03-31 0001020710 dxpe:SupplyChainServicesMember 2019-03-31 0001020710 dxpe:ServiceCentersMember 2018-12-31 0001020710 dxpe:InnovativePumpingSolutionsMember 2019-03-31 0001020710 dxpe:InnovativePumpingSolutionsMember 2018-12-31 0001020710 us-gaap:MaterialReconcilingItemsMember 2018-01-01 2018-03-31 0001020710 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-03-31 0001020710 us-gaap:OperatingSegmentsMember 2018-01-01 2018-03-31 0001020710 us-gaap:OperatingSegmentsMember 2019-01-01 2019-03-31 0001020710 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-03-31 0001020710 us-gaap:MaterialReconcilingItemsMember 2019-01-01 2019-03-31 0001020710 dxpe:InnovativePumpingSolutionsMember 2018-01-01 2018-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:SupplyChainServicesMember 2018-01-01 2018-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember dxpe:ServiceCentersMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember dxpe:ServiceCentersMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:ServiceCentersMember 2018-01-01 2018-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember dxpe:SupplyChainServicesMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:CustomizedPumpProductionMember us-gaap:TimeAndMaterialsContractMember dxpe:ServiceCentersMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:InventoryManagementServiceMember us-gaap:FixedPriceContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember dxpe:InnovativePumpingSolutionsMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-03-31 0001020710 dxpe:StaffingServicesMember us-gaap:TimeAndMaterialsContractMember us-gaap:TransferredOverTimeMember 2018-01-01 2018-03-31 0001020710 us-gaap:ProductMember us-gaap:FixedPriceContractMember dxpe:ServiceCentersMember us-gaap:TransferredAtPointInTimeMember 2018-01-01 2018-03-31 dxpe:segment xbrli:shares iso4217:USD xbrli:pure iso4217:USD xbrli:shares dxpe:asset_class false --12-31 Q1 2019 2019-03-31 10-Q 0001020710 17592190 Yes false Accelerated Filer DXP ENTERPRISES INC false -38000 0 0 106000 21780000 29943000 3223000 3867000 60442000 78605000 38662000 48662000 8642000 5628000 6847000 8744000 76000 2514000 645226000 54700000 188765000 402944000 53517000 730071000 45100000 209742000 460604000 59725000 4 P14Y 250000 26266000 6382000 15830000 4054000 6799000 18980000 4086000 29865000 26266000 29865000 678000 1780000 2934000 2256000 2917000 4697000 2935000 4763000 87407000 92460000 191829000 197267000 0 67000 -19267000 -18565000 156190000 156651000 54000 44000 44000 736000 736000 505000 505000 10126000 10080000 462000 468000 4358000 4358000 3814000 3814000 699962000 775207000 385590000 393496000 0 33000 2900000 2852000 0.073 40304000 30606000 25579000 13045000 40519000 30728000 -12534000 -9791000 0.01 0.01 100000000 100000000 17401297 17435117 174000 174000 4117000 7889000 53595000 69861000 32514000 38150000 10696000 8207000 8300000 23000 23000 209491000 227025000 -377000 -377000 702000 702000 0.029 0.029 8300000 7900000 -179000 722000 8633000 9422000 2356000 2392000 23000 23000 23000 23000 0.25 0.41 0.24 0.40 -140000 112000 0.267 0.267 21275000 16882000 33000 33000 0 -1500000 4319000 2852000 0 8000 10759000 11235000 194052000 194052000 76445000 84200000 6130000 9809000 1636000 2622000 960000 0 -691000 1085000 -3953000 5035000 9107000 6891000 0 -4781000 -699000 -3389000 840000 840000 5041000 5040000 110182000 105448000 114830000 121754000 12696000 12307000 17344000 28613000 6101000 84817000 13359000 7119000 12034000 16061000 19360000 16884000 14164000 391708000 458626000 699962000 775207000 143277000 158632000 248431000 299994000 0 0 1841000 1841000 246875000 245949000 248716000 247790000 0 0 1616000 1616000 246250000 249944000 247866000 251560000 3407000 3407000 3398000 3414000 3414000 3451000 236979000 245309000 244392000 236591000 244452000 248109000 1406000 1302000 -959000 -2310000 -10627000 -2283000 -808000 -5310000 4551000 7291000 -57000 -104000 4528000 7268000 4551000 7291000 22000 33000 3 11149000 14816000 5832000 550000 70653000 72416000 72000000 0 17660000 18762000 0 52993000 53654000 4513000 0 70851000 72679000 72000000 0.073 P5Y0M22D P12Y P1M 85322000 22096000 18379000 33825000 11022000 1783000 1795000 -377000 702000 67207000 63609000 17269000 16075000 2819000 988000 0 1394000 38000 0 23000 23000 54000 44000 9836000 0 791000 2312000 23000 23000 1.00 1.00 1.00 1.00 1000000 1000000 1000000 1000000 15000 1000 15000 1000 4938000 5597000 0 29000 4494000 -57000 4551000 7187000 -104000 7291000 51330000 51404000 829000 58000 844000 849000 215000 122000 169735000 177003000 285936000 67642000 0 0 67642000 0 0 3230000 3230000 0 14818000 0 14818000 0 160544000 39702000 200246000 67642000 175362000 42932000 74723000 0 0 74723000 0 0 3938000 3938000 0 14511000 0 14511000 0 171668000 46385000 218053000 74723000 186179000 50323000 311225000 2935000 65296000 69384000 736000 505000 269000 894000 894000 306848000 315279000 268535000 1000 15000 -19491000 153087000 174000 567000 134182000 274205000 1000 15000 -19868000 154663000 174000 510000 138710000 308254000 1000 15000 -19267000 156190000 174000 1406000 169735000 316581000 1000 15000 -18565000 156651000 174000 1302000 177003000 18741000 18406000 17901000 17566000 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supplemental balance sheet information related to leases was as follows</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> (in thousand)</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.4140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="19" rowspan="1"></td></tr><tr><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:26%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Classification</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Impact of ASC 842 Transition</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Leases commenced during the quarter</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Payments, amortization and terminations</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">As of March 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Operating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease right-of-use assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,679</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,763</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,851</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Current operating</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term operating lease liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">678</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,780</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,660</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Non-current operating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term operating lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,256</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,917</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,993</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total operating lease liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">72,416</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,934</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4,697</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">70,653</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Note: As most of our leases do not provide an implicit rate, we use our incremental borrowing rate associated with secured debt based on the information available at the commencement date in determining the present value of lease payments for leases commenced on or after January 1, 2019. We used our incremental borrowing rate as of the transition date of January 1, 2019 for operating leases that commenced prior to transition to ASC 842.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amount is net of the reclassification of long-term liability to short-term lease liability as of March 31, 2019.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred on uncompleted contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,861</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,595</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated profits, thereon</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,744</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,847</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,442</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: billings to date</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48,662</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,662</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,943</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,780</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Such amounts were included in the accompanying Condensed Consolidated Balance Sheets for </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;"> under the following captions (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March 31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs and estimated profits in excess of billings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,514</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Billings in excess of costs and estimated&#160;profits</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,207</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,696</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Translation adjustment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(38</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,943</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,780</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Accounting Pronouncements Not Yet Adopted</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles-Goodwill and Other</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU No. 2018-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract </font><font style="font-family:inherit;font-size:10pt;">based on a consensus of the FASB&#8217;s Emerging Issues Task Force (EITF) that requires implementation costs incurred by customers in cloud computing arrangements (CCAs) to be deferred and recognized over the term of the arrangement, if those costs would be capitalized by the customer in a software licensing arrangement under the internal-use software guidance in ASC 350-40, &#8220;Intangibles-Goodwill and Other-Internal-Use Software&#8221;. The ASU does not affect the accounting by cloud service providers, other software vendors or customers&#8217; accounting for software licensing arrangements. The ASU will require companies to recognize deferred implementation costs to expense over the &#8216;term of the hosting arrangement&#8217;. Under the ASU, the term of the hosting arrangement comprises the noncancellable period of the CCA plus any optional renewal periods that are reasonably certain to be exercised by the customer or for which exercise of the option is controlled by the vendor. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, and we will continue to assess the standard and make a determination later.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement. </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13: </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement </font><font style="font-family:inherit;font-size:10pt;">which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the disclosure requirements. The new standard will not have an impact on our results of operations, but it will significantly modify our disclosures around fair value measurements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments &#8211; Credit Losses. </font><font style="font-family:inherit;font-size:10pt;"> In June 2016, the FASB issued ASU 2016-13: </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments &#8211; Credit Losses,</font><font style="font-family:inherit;font-size:10pt;"> which replaces the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses.&#160;The update is intended to provide financial statement users with more useful information about expected credit losses.&#160;The amended guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the effect, if any, that the guidance will have on the Company's Consolidated Financial Statements and related disclosures.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's financial statements are prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). The accompanying condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and its variable interest entity ("VIE"). The accompanying unaudited condensed consolidated financial statements have been prepared on substantially the same basis as our annual consolidated financial statements and should be read in conjunction with our annual report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. For a more complete discussion of our significant accounting policies and business practices, refer to the consolidated annual report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. The results of operations for </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of results expected for the full fiscal year. In the opinion of management, these condensed consolidated financial statements contain all adjustments necessary to present fairly the Company's condensed consolidated statements of operations and comprehensive income for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, condensed consolidated balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, condensed consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, and condensed consolidated statement of equity as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. All such adjustments represent normal recurring items.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany accounts and transactions have been eliminated upon consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Basis of Presentation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's financial statements are prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). The accompanying condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and its variable interest entity ("VIE"). The accompanying unaudited condensed consolidated financial statements have been prepared on substantially the same basis as our annual consolidated financial statements and should be read in conjunction with our annual report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. For a more complete discussion of our significant accounting policies and business practices, refer to the consolidated annual report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. The results of operations for </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of results expected for the full fiscal year. In the opinion of management, these condensed consolidated financial statements contain all adjustments necessary to present fairly the Company's condensed consolidated statements of operations and comprehensive income for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, condensed consolidated balance sheets as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, condensed consolidated statements of cash flows for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, and condensed consolidated statement of equity as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. All such adjustments represent normal recurring items.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">All intercompany accounts and transactions have been eliminated upon consolidation.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">COMMITMENTS AND CONTINGENCIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP is unable to predict the outcome of these lawsuits, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on DXP's consolidated financial position, cash flows, or results of operations.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">LONG-TERM DEBT</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of the Company's long-term debt consisted of the following (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABL Revolver</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Term Loan B</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,250</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">249,944</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">245,949</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note payable </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,616</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,616</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,841</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,841</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total long-term debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,560</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,716</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247,790</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: current portion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,414</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,451</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,407</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,398</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt less current maturities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,452</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,109</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">245,309</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,392</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font><font style="font-family:inherit;font-size:10pt;"> Carrying value amounts do not include unamortized debt issuance costs of </font><font style="font-family:inherit;font-size:10pt;">$7.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$8.3 million</font><font style="font-family:inherit;font-size:10pt;"> for </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, respectively</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font><font style="font-family:inherit;font-size:10pt;"> Note payable in monthly installments at </font><font style="font-family:inherit;font-size:10pt;">2.9%</font><font style="font-family:inherit;font-size:10pt;"> through January 2021, collateralized by equipment. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value measurements used by the Company are considered Level 2 inputs, as defined in the fair value hierarchy. The fair value estimates were based on quoted prices for identical or similar securities.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company was in compliance with all financial covenants under the ABL Revolver and Term Loan B Agreements as of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">EARNINGS PER SHARE DATA</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands, except per share data</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:73.046875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,566</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,901</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to DXP Enterprises, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,291</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock dividend</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,268</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,528</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Per share amount</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.25</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,566</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,901</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assumed conversion of convertible&#160;preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">840</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">840</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total dilutive shares</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,406</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,741</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to&#160;common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,268</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,528</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock dividend</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to DXP Enterprises, Inc. </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,291</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,551</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Per share amount</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.40</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.24</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td style="width:31%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:30%;" rowspan="1" colspan="1"></td><td style="width:29%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands, unaudited)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair value at March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Valuation&#160;Technique</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Significant Unobservable</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Inputs</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contingent&#160;consideration:</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(ASI acquisition)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,852</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Discounted&#160;cash&#160;flow</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Annualized EBITDA and probability of achievement</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Authoritative guidance for financial assets and liabilities measured on a recurring basis applies to all financial assets and financial liabilities that are being measured and reported on a fair value basis. Fair value, as defined in the authoritative guidance, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance affects the fair value measurement of an investment with quoted market prices in an active market for identical instruments, which must be classified in one of the following categories:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level 1 Inputs</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 1 inputs come from quoted prices (unadjusted) in active markets for identical assets or liabilities.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level 2 Inputs</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 2 inputs are other than quoted prices that are observable for an asset or liability. These inputs include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Level 3 Inputs</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Level 3 inputs are unobservable inputs for the asset or liability which require the Company's own assumptions.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our acquisitions may include contingent consideration as part of the purchase price. The fair value of the contingent consideration is estimated as of the acquisition date based on the present value of the contingent payments to be made using a weighted probability of possible payments. The unobservable inputs used in the determination of the fair value of the contingent consideration include managements assumptions about the likelihood of payment based on the established benchmarks and discount rates based on an internal rate of return analysis. The fair value measurement includes inputs that are Level 3 measurement as discussed above, as they are not observable in the market. Should actual results increase or decrease as compared to the assumption used in our analysis, the fair value of the contingent consideration obligations will increase or decrease, up to the contracted limit, as applicable. Changes in the fair value of the contingent earn-out consideration are measured each reporting period and reflected in our results of operations.&#160; As of </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">, we recorded a </font><font style="font-family:inherit;font-size:10pt;">$2.9 million</font><font style="font-family:inherit;font-size:10pt;"> liability for contingent consideration associated with the acquisition of Application Specialties Inc. ("ASI") in other current and long-term liabilities.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the&#160;</font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months&#160;ended&#160;</font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.4375%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:87%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="4" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value Measurements Using Significant Unobservable Inputs (Level 3)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Contingent Liability for Accrued Consideration</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning balance at December 31, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,319</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisitions and settlements</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisitions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Settlements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total remeasurement adjustments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in fair value recorded in profit and loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*Ending Balance at March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,852</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019.</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">* Included in other current and long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Quantitative Information about Level 3 Fair Value Measurements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td style="width:31%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:8%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:30%;" rowspan="1" colspan="1"></td><td style="width:29%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">(in&#160;thousands, unaudited)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair value at March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:52px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Valuation&#160;Technique</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Significant Unobservable</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Inputs</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contingent&#160;consideration:</font></div><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(ASI acquisition)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,852</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Discounted&#160;cash&#160;flow</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Annualized EBITDA and probability of achievement</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Sensitivity to Changes in Significant Unobservable Inputs</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As presented in the table above, the significant unobservable inputs used in the fair value measurement of contingent consideration related to the acquisition of ASI are annualized earnings before interest, tax, deprecation and amortization ("EBITDA") forecasts developed by the Company's management and the probability of achievement of those EBITDA results. The discount rate used in the calculation was&#160;</font><font style="font-family:inherit;font-size:10pt;">7.3%</font><font style="font-family:inherit;font-size:10pt;">. Significant increases (decreases) in these unobservable inputs in isolation would result in a significantly (lower) higher fair value measurement.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other financial instruments not measured at fair value on the Company's unaudited condensed consolidated balance sheet at </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, but which require disclosure of their fair values include: cash and cash equivalents, trade accounts receivable, trade accounts payable and accrued expenses, accrued payroll and related benefits, and the revolving line of credit and term loan debt under our syndicated credit agreement facility. The Company believes that the estimated fair value of such instruments at </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;"> approximates their carrying value as reported on the unaudited condensed consolidated balance sheets.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the&#160;</font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months&#160;ended&#160;</font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:98.4375%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:87%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="4" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value Measurements Using Significant Unobservable Inputs (Level 3)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Contingent Liability for Accrued Consideration</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">(in thousands)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Beginning balance at December 31, 2018</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,319</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisitions and settlements</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Acquisitions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Settlements</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,500</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total remeasurement adjustments:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:28px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in fair value recorded in profit and loss</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">*Ending Balance at March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,852</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019.</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">* Included in other current and long-term liabilities</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">INCOME TAXES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our effective tax rate from continuing operations was a tax expense of </font><font style="font-family:inherit;font-size:10pt;">26.7%</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> compared to a tax expense of </font><font style="font-family:inherit;font-size:10pt;">26.7%</font><font style="font-family:inherit;font-size:10pt;"> for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">. Compared to the U.S. statutory rate for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">, the effective tax rate was increased by state taxes and nondeductible expenses and partially offset by foreign taxes research and development tax credits, foreign tax credits, and other tax credits. Compared to the U.S. statutory rate for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, the effective tax rate was increased by state taxes and nondeductible expenses and partially offset by foreign taxes, research and development credits, and other tax credits. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">To the extent penalties and interest would be assessed on any underpayment of income tax, such accrued amounts would be classified as a component of income tax provision (benefit) in the financial statements consistent with the Company&#8217;s policy.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">INVENTORIES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying values of inventories are as follows (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Finished goods</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105,448</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">110,182</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Work in process</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,613</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,344</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Obsolescence reserve</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,307</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,696</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,754</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:53.125%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td style="width:72%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease term and discount rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average remaining lease term (years)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Operating lease</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5.06</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average discount rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Operating lease</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7.3%</font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The lease expenses were as follows </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:77.734375%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Classification</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term lease expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SG&amp;A expenses</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">269</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating lease cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SG&amp;A expenses</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,832</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total operating lease cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,101</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;Manufacturing equipment and some vehicle rental expenses are included in the cost of sales.</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supplemental cash flow information related to leases was as follows</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> (in thousands)</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:75.5859375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash paid for amounts included in the measurement of lease liabilities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Operating cash flows from operating leases</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Right-of-use assets obtained in exchange for lease liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Operating leases</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">LEASES</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The update requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The criteria for determining whether a lease is a finance or operating lease was not significantly changed by this ASU. The ASU also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. This pronouncement was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements (Topic 842). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of ASC 842. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method to the existing transition method by allowing entities to initially apply the new leases standard at the adoption date (such as January 1, 2019, for calendar year-end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted the standard effective January 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we elected to apply the following practical expedients and accounting policy decisions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We elected a package of transition expedients that allowed us to forgo reassessing certain conclusions reached under ASC 840 which must be elected together. All expedients in this package were applied together for all leases that commenced before the effective date, January 1, 2019, of ASC 842. As a result, in transitioning to ASC 842, for existing leases as of 1/1/2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. We generally have </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> classes of leased assets : Real Estate related properties (such as office space, warehouses, distribution centers and land), Automobiles, Office Equipment and Manufacturing Equipment and do not utilize finance leases.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate nonlease components from the associated lease for all of our leased asset classes, except for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the nonlease components associated with that lease as a single lease component.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For short-term leases as defined under ASC 842, we elected the short-term lease exception pursuant to ASC 842 to all classes of our leased assets. We do not recognize a lease liability or a right of use asset on our consolidated balance sheets for our leased assets with an original lease term of twelve months or less. Instead, we recognize the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred and disclose in the notes to the consolidated financial statements our short-term lease expense.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard did have a material impact on our consolidated balance sheets related to recording right-of-use assets and the corresponding lease liabilities for our inventory of operating leases. In January 2019, we recorded a ROU Asset and total lease liability obligations of approximately </font><font style="font-family:inherit;font-size:10pt;">$72 million</font><font style="font-family:inherit;font-size:10pt;">, each. The new standard did not have a material impact on our consolidated statements of operations and had no impact on cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We lease office space, warehouses, land, automobiles, and office and manufacturing equipment. All of our leases are classified as operating leases.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our leases have remaining lease terms of </font><font style="font-family:inherit;font-size:10pt;">1</font><font style="font-family:inherit;font-size:10pt;"> month to </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> years, some of which include options to extend the leases for up to </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;"> years. The exercise of lease renewal options is at our sole discretion. Our lease agreements do not include options to purchase the leased property. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maturities of lease liabilities were as follows </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:46.2890625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:56%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:40%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Year Ending December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating leases </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019 (excluding 3 months ended 3/31/2019)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,884</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,360</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,061</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,034</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,119</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,359</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total lease payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: imputed interest</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,164</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Present value of lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,653</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">LEASES</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The update requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The criteria for determining whether a lease is a finance or operating lease was not significantly changed by this ASU. The ASU also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. This pronouncement was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements (Topic 842). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of ASC 842. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method to the existing transition method by allowing entities to initially apply the new leases standard at the adoption date (such as January 1, 2019, for calendar year-end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company adopted the standard effective January 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we elected to apply the following practical expedients and accounting policy decisions.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We elected a package of transition expedients that allowed us to forgo reassessing certain conclusions reached under ASC 840 which must be elected together. All expedients in this package were applied together for all leases that commenced before the effective date, January 1, 2019, of ASC 842. As a result, in transitioning to ASC 842, for existing leases as of 1/1/2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. We generally have </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> classes of leased assets : Real Estate related properties (such as office space, warehouses, distribution centers and land), Automobiles, Office Equipment and Manufacturing Equipment and do not utilize finance leases.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate nonlease components from the associated lease for all of our leased asset classes, except for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the nonlease components associated with that lease as a single lease component.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For short-term leases as defined under ASC 842, we elected the short-term lease exception pursuant to ASC 842 to all classes of our leased assets. We do not recognize a lease liability or a right of use asset on our consolidated balance sheets for our leased assets with an original lease term of twelve months or less. Instead, we recognize the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred and disclose in the notes to the consolidated financial statements our short-term lease expense.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The new standard did have a material impact on our consolidated balance sheets related to recording right-of-use assets and the corresponding lease liabilities for our inventory of operating leases. In January 2019, we recorded a ROU Asset and total lease liability obligations of approximately </font><font style="font-family:inherit;font-size:10pt;">$72 million</font><font style="font-family:inherit;font-size:10pt;">, each. The new standard did not have a material impact on our consolidated statements of operations and had no impact on cash flows.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We lease office space, warehouses, land, automobiles, and office and manufacturing equipment. All of our leases are classified as operating leases.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our leases have remaining lease terms of </font><font style="font-family:inherit;font-size:10pt;">1</font><font style="font-family:inherit;font-size:10pt;"> month to </font><font style="font-family:inherit;font-size:10pt;">12</font><font style="font-family:inherit;font-size:10pt;"> years, some of which include options to extend the leases for up to </font><font style="font-family:inherit;font-size:10pt;">14</font><font style="font-family:inherit;font-size:10pt;"> years. The exercise of lease renewal options is at our sole discretion. Our lease agreements do not include options to purchase the leased property. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The lease expenses were as follows </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:77.734375%;border-collapse:collapse;text-align:left;"><tr><td colspan="7" rowspan="1"></td></tr><tr><td style="width:35%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:32%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:29%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Classification</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term lease expense</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SG&amp;A expenses</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">269</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other operating lease cost</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SG&amp;A expenses</font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,832</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total operating lease cost</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,101</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font><font style="font-family:inherit;font-size:10pt;">&#160;Manufacturing equipment and some vehicle rental expenses are included in the cost of sales.</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supplemental cash flow information related to leases was as follows</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> (in thousands)</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:75.5859375%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:75%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:22%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:middle;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Cash paid for amounts included in the measurement of lease liabilities:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Operating cash flows from operating leases</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,513</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Right-of-use assets obtained in exchange for lease liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;&#160;Operating leases</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supplemental balance sheet information related to leases was as follows</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> (in thousand)</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:99.4140625%;border-collapse:collapse;text-align:left;"><tr><td colspan="19" rowspan="1"></td></tr><tr><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:26%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:3%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:10%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Classification</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Impact of ASC 842 Transition</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Leases commenced during the quarter</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">Payments, amortization and terminations</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">As of March 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Operating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease right-of-use assets</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">72,679</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,935</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(4,763</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,851</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Current operating</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Short-term operating lease liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,762</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">678</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,780</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup>&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,660</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;Non-current operating</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term operating lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,654</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,256</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(2,917</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">52,993</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Total operating lease liabilities</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">72,416</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">2,934</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">(4,697</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">70,653</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Note: As most of our leases do not provide an implicit rate, we use our incremental borrowing rate associated with secured debt based on the information available at the commencement date in determining the present value of lease payments for leases commenced on or after January 1, 2019. We used our incremental borrowing rate as of the transition date of January 1, 2019 for operating leases that commenced prior to transition to ASC 842.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font><font style="font-family:inherit;font-size:10pt;"> Amount is net of the reclassification of long-term liability to short-term lease liability as of March 31, 2019.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Maturities of lease liabilities were as follows </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:46.2890625%;border-collapse:collapse;text-align:left;"><tr><td colspan="5" rowspan="1"></td></tr><tr><td style="width:56%;" rowspan="1" colspan="1"></td><td style="width:2%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:40%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Year Ending December 31,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Operating leases </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*)</sup></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2019 (excluding 3 months ended 3/31/2019)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,884</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2020</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">19,360</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2021</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">16,061</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2022</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">12,034</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2023</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,119</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Thereafter</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13,359</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total lease payments</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">84,817</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: imputed interest</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,164</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Present value of lease liabilities</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">70,653</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(*) </sup></font><font style="font-family:inherit;font-size:10pt;"> Operating lease payments exclude </font><font style="font-family:inherit;font-size:10pt;">$250 thousand</font><font style="font-family:inherit;font-size:10pt;"> of legally binding minimum lease payments for leases signed but not yet commenced.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contractual obligations related to operating leases as of December 31, 2018, under ASC 840 </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Payments due by period</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less than 1 year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1-3 years</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3-5 years</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">More than 5 years</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease obligations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,096</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,825</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,379</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,022</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,322</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:53.125%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td style="width:72%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:27%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Lease term and discount rate</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">March 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average remaining lease term (years)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Operating lease</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">5.06</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average discount rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;Operating lease</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">7.3%</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For the three months ended March 31, 2019, the Company paid approximately </font><font style="font-family:inherit;font-size:10pt;">$550 thousand</font><font style="font-family:inherit;font-size:10pt;"> in lease expenses to entities controlled by the Company's Chief Executive Officer, David Little.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Under our customized pump production contracts in our IPS segment, amounts are billed as work progresses in accordance with agreed-upon contractual terms, upon various measures of performance, including achievement of certain milestones, completion of specified units, or completion of a contract. Generally, billing occurs subsequent to revenue recognition, resulting in contract assets. Our contract assets are presented as &#8220;cost and estimated profits in excess of billings&#8221; on our</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Condensed Condsolidated Balance Sheets. However, we sometimes receive advances or deposits from our customers before revenue is recognized, resulting in contract liabilities that are presented as &#8220;Billings in excess of costs and estimated profits&#8221; on our Condensed Consolidated Balance Sheets.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred on uncompleted contracts</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69,861</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">53,595</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Estimated profits, thereon</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">8,744</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,847</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">78,605</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">60,442</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: billings to date</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48,662</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,662</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,943</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,780</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Such amounts were included in the accompanying Condensed Consolidated Balance Sheets for </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;"> under the following captions (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March 31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs and estimated profits in excess of billings</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">38,150</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">32,514</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Billings in excess of costs and estimated&#160;profits</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(8,207</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,696</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Translation adjustment</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(38</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,943</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">21,780</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">During the three months ended </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$8.3 million</font><font style="font-family:inherit;font-size:10pt;"> of the balances that were previously classified as contract liabilities at the beginning of the period shipped. Contract assets and liability changes were primarily due to normal activity and timing differences between our performance and customer payments.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">THE COMPANY</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">DXP Enterprises, Inc. together with its subsidiaries (collectively "DXP," "Company," "us," "we," or "our") was incorporated in Texas on July 26, 1996. DXP Enterprises, Inc. and its subsidiaries are engaged in the business of distributing maintenance, repair and operating ("MRO") products, and service to energy and industrial customers. Additionally, DXP provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to energy and industrial customers. The Company is organized into </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> business segments: Service Centers ("SC"), Supply Chain Services ("SCS") and Innovative Pumping Solutions ("IPS"). See</font><a style="font-family:inherit;font-size:10pt;" href="#s8307B34F495C51E7B658F71CA8A9C605"><font style="font-family:inherit;font-size:10pt;"> Note 12 - Segment Reporting</font></a><font style="font-family:inherit;font-size:10pt;"> for discussion of the business segments.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">RECENT ACCOUNTING PRONOUNCEMENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Recently Adopted Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases.</font><font style="font-family:inherit;font-size:10pt;"> In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842) </font><font style="font-family:inherit;font-size:10pt;">as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective January 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See </font><a style="font-family:inherit;font-size:10pt;" href="#sb5001ea7b5cd4dfda70a1e12384d4587"><font style="font-family:inherit;font-size:10pt;">Note 4 - Leases</font></a><font style="font-family:inherit;font-size:10pt;"> for further discussion.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Accounting Pronouncements Not Yet Adopted</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Intangibles-Goodwill and Other</font><font style="font-family:inherit;font-size:10pt;">. </font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU No. 2018-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Internal-Use Software (Subtopic 350-40): Customer&#8217;s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract </font><font style="font-family:inherit;font-size:10pt;">based on a consensus of the FASB&#8217;s Emerging Issues Task Force (EITF) that requires implementation costs incurred by customers in cloud computing arrangements (CCAs) to be deferred and recognized over the term of the arrangement, if those costs would be capitalized by the customer in a software licensing arrangement under the internal-use software guidance in ASC 350-40, &#8220;Intangibles-Goodwill and Other-Internal-Use Software&#8221;. The ASU does not affect the accounting by cloud service providers, other software vendors or customers&#8217; accounting for software licensing arrangements. The ASU will require companies to recognize deferred implementation costs to expense over the &#8216;term of the hosting arrangement&#8217;. Under the ASU, the term of the hosting arrangement comprises the noncancellable period of the CCA plus any optional renewal periods that are reasonably certain to be exercised by the customer or for which exercise of the option is controlled by the vendor. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, and we will continue to assess the standard and make a determination later.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement. </font><font style="font-family:inherit;font-size:10pt;">In August 2018, the FASB issued ASU 2018-13: </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement </font><font style="font-family:inherit;font-size:10pt;">which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the disclosure requirements. The new standard will not have an impact on our results of operations, but it will significantly modify our disclosures around fair value measurements. </font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments &#8211; Credit Losses. </font><font style="font-family:inherit;font-size:10pt;"> In June 2016, the FASB issued ASU 2016-13: </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Financial Instruments &#8211; Credit Losses,</font><font style="font-family:inherit;font-size:10pt;"> which replaces the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses.&#160;The update is intended to provide financial statement users with more useful information about expected credit losses.&#160;The amended guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the effect, if any, that the guidance will have on the Company's Consolidated Financial Statements and related disclosures.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Recently Adopted Accounting Pronouncements</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases.</font><font style="font-family:inherit;font-size:10pt;"> In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases (Topic 842) </font><font style="font-family:inherit;font-size:10pt;">as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective January 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. </font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's identifiable assets by segments are as follows </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:52.87804878048781%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:48%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:24%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:23%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">As of March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">As of December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service Centers</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">460,604</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">402,944</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Innovative Pumping Solutions</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">209,742</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">188,765</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Supply Chain Services</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">59,725</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">53,517</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Identifiable Assets</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">730,071</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">645,226</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:72.97560975609755%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating income for reportable segments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,865</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,266</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjustment for:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of intangible assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,814</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,358</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,235</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,759</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,816</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,149</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,040</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,041</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income, net</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income before income taxes</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,809</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,130</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The components of the Company's long-term debt consisted of the following (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Carrying Value </font><font style="font-family:inherit;font-size:8pt;font-weight:bold;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">(1)</sup></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Fair Value</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">ABL Revolver</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Term Loan B</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,250</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">249,944</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">246,875</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">245,949</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Promissory note payable </font><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,616</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,616</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,841</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,841</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total long-term debt</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247,866</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">251,560</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,716</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">247,790</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less: current portion</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,414</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,451</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,407</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(3,398</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Long-term debt less current maturities</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,452</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">248,109</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">245,309</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">244,392</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(1)</sup></font><font style="font-family:inherit;font-size:10pt;"> Carrying value amounts do not include unamortized debt issuance costs of </font><font style="font-family:inherit;font-size:10pt;">$7.9 million</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">$8.3 million</font><font style="font-family:inherit;font-size:10pt;"> for </font><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2019</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:10pt;">, respectively</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:7pt">(2)</sup></font><font style="font-family:inherit;font-size:10pt;"> Note payable in monthly installments at </font><font style="font-family:inherit;font-size:10pt;">2.9%</font><font style="font-family:inherit;font-size:10pt;"> through January 2021, collateralized by equipment. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands, except per share data</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:73.046875%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Basic:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,566</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,901</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to DXP Enterprises, Inc.</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,291</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,551</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock dividend</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to common shareholders</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,268</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,528</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Per share amount</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.41</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.25</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Diluted:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Weighted average shares outstanding</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,566</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,901</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Assumed conversion of convertible&#160;preferred stock</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">840</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">840</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total dilutive shares</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,406</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,741</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to&#160;common shareholders</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,268</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,528</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Convertible preferred stock dividend</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">23</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net income attributable to DXP Enterprises, Inc. </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7,291</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,551</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Per share amount</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.40</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.24</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Contractual obligations related to operating leases as of December 31, 2018, under ASC 840 </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(in thousands)</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="21" rowspan="1"></td></tr><tr><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:14%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="19" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Payments due by period</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Less than 1 year</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1-3 years</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3-5 years</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">More than 5 years</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating lease obligations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">22,096</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33,825</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,379</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,022</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">85,322</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The carrying values of inventories are as follows (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:73%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">March&#160;31, 2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;font-weight:bold;">December&#160;31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Finished goods</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">105,448</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">110,182</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Work in process</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28,613</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">17,344</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Obsolescence reserve</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,307</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,696</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventories</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">121,754</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114,830</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets out financial information related to the Company's segments excluding amortization (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="16" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended March 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">IPS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SCS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product sales (recognized at a point in time)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">171,668</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">46,385</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">218,053</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory management services (recognized over contract life)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,938</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,938</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Staffing services (day-rate basis)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">14,511</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">14,511</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Customized pump production (recognized over time)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">74,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">74,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">186,179</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74,723</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,323</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311,225</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,799</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,086</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,865</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="16" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended March 31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">IPS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SCS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product sales (recognized at a point in time)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">160,544</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">39,702</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,246</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory management services (recognized over contract life)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Staffing services (day-rate basis)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">14,818</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,818</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Customized pump production (recognized over time)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">67,642</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,642</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175,362</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,642</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,932</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">285,936</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,382</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,054</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,266</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">SEGMENT REPORTING</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing maintenance, MRO products, equipment and integrated services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, remanufactures pumps and manufactures branded private label pumps. The Supply Chain Services segment provides a wide range of MRO products and manages all or part of a customer's supply chain, including warehouse and inventory management. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of intersegment eliminations.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets out financial information related to the Company's segments excluding amortization (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="16" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended March 31, 2019</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">IPS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SCS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product sales (recognized at a point in time)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">171,668</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">46,385</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">218,053</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory management services (recognized over contract life)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,938</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,938</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Staffing services (day-rate basis)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">14,511</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">14,511</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Customized pump production (recognized over time)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">74,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">74,723</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">186,179</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">74,723</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">50,323</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311,225</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">18,980</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,799</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,086</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,865</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:53%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:9%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td colspan="16" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Three Months Ended March 31, 2018</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SC</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">IPS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">SCS</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Product sales (recognized at a point in time)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">160,544</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">39,702</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200,246</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Inventory management services (recognized over contract life)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">3,230</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Staffing services (day-rate basis)</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">14,818</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,818</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Customized pump production (recognized over time)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">67,642</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Times_New_Roman;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,642</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total Revenue</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">175,362</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">67,642</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42,932</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">285,936</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;border-top:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,830</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,382</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,054</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,266</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (</font><font style="font-family:inherit;font-size:10pt;font-style:italic;">in thousands</font><font style="font-family:inherit;font-size:10pt;">):</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:72.97560975609755%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td style="width:65%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:15%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/>March 31,</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:top;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">2018</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating income for reportable segments</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">29,865</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">26,266</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjustment for:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of intangible assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,814</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4,358</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Corporate expenses</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,235</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">10,759</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income from operations</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">14,816</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">11,149</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest expense</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,040</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5,041</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other income, net</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(33</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(22</font></div></td><td style="vertical-align:bottom;border-bottom:2px solid #000000;background-color:#bfe4ff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income before income taxes</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,809</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6,130</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">SUBSEQUENT EVENTS</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We have evaluated subsequent events through the date the interim Condensed Consolidated Financial Statements were issued. There were no subsequent events that required recognition or disclosure unless elsewhere identified in this report.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> EX-101.SCH 7 dxpe-20190331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2111100 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - THE COMPANY link:presentationLink link:calculationLink link:definitionLink 2401401 - Disclosure - THE COMPANY (Details) link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 1002501 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF EQUITY link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS link:presentationLink link:calculationLink link:definitionLink 2407402 - Disclosure - COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Details) link:presentationLink link:calculationLink link:definitionLink 2307301 - Disclosure - COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Tables) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - EARNINGS PER SHARE DATA link:presentationLink link:calculationLink link:definitionLink 2410402 - Disclosure - EARNINGS PER SHARE DATA (Details) link:presentationLink link:calculationLink link:definitionLink 2310301 - Disclosure - EARNINGS PER SHARE DATA (Tables) link:presentationLink link:calculationLink link:definitionLink 2105100 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES link:presentationLink link:calculationLink link:definitionLink 2405402 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2405404 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Quantitative Information About Level 3 (Details) link:presentationLink link:calculationLink link:definitionLink 2405403 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Reconciliation of Beginning and Ending Balances (Details) link:presentationLink link:calculationLink link:definitionLink 2305301 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 2408401 - Disclosure - INCOME TAXES (Details) link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - INVENTORIES link:presentationLink link:calculationLink link:definitionLink 2406402 - Disclosure - INVENTORIES (Details) link:presentationLink link:calculationLink link:definitionLink 2306301 - Disclosure - INVENTORIES (Tables) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - LEASES link:presentationLink link:calculationLink link:definitionLink 2404407 - Disclosure - LEASES - Contractual Obligations Related to Operating Leases Under ASC 840 (Details) link:presentationLink link:calculationLink link:definitionLink 2404403 - Disclosure - LEASES - Lease Expense (Details) link:presentationLink link:calculationLink link:definitionLink 2404408 - Disclosure - LEASES - Lease Term and Discount Rate (Details) link:presentationLink link:calculationLink link:definitionLink 2404406 - Disclosure - LEASES - Maturity of Lease Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 2404406 - Disclosure - LEASES - Maturity of Lease Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 2404402 - Disclosure - LEASES - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2404405 - Disclosure - LEASES - Supplemental Balance Sheet Information (Details) link:presentationLink link:calculationLink link:definitionLink 2404404 - Disclosure - LEASES - Supplemental Cash Flow Information (Details) link:presentationLink link:calculationLink link:definitionLink 2304301 - Disclosure - LEASES (Tables) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - LONG-TERM DEBT link:presentationLink link:calculationLink link:definitionLink 2409402 - Disclosure - LONG-TERM DEBT (Details) link:presentationLink link:calculationLink link:definitionLink 2309301 - Disclosure - LONG-TERM DEBT (Tables) link:presentationLink link:calculationLink link:definitionLink 2103100 - Disclosure - RECENT ACCOUNTING PRONOUNCEMENTS link:presentationLink link:calculationLink link:definitionLink 2203201 - Disclosure - RECENT ACCOUNTING PRONOUNCEMENTS (Policies) link:presentationLink link:calculationLink link:definitionLink 2112100 - Disclosure - SEGMENT REPORTING link:presentationLink link:calculationLink link:definitionLink 2412402 - Disclosure - SEGMENT REPORTING - Financial Information of Company's Segments (Details) link:presentationLink link:calculationLink link:definitionLink 2412404 - Disclosure - SEGMENT REPORTING - Identifiable Assets by Segments (Details) link:presentationLink link:calculationLink link:definitionLink 2412403 - Disclosure - SEGMENT REPORTING - Reconciliation of Operating Income to Consolidated Income (Details) link:presentationLink link:calculationLink link:definitionLink 2312301 - Disclosure - SEGMENT REPORTING (Tables) link:presentationLink link:calculationLink link:definitionLink 2113100 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 dxpe-20190331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 9 dxpe-20190331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 10 dxpe-20190331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Debt Disclosure [Abstract] LONG-TERM DEBT Debt Disclosure [Text Block] Leases [Abstract] New Accounting Pronouncements or Change in Accounting Principle [Table] New Accounting Pronouncements or Change in Accounting Principle [Table] Adjustments for New Accounting Pronouncements [Axis] Adjustments for New Accounting Pronouncements [Axis] Type of Adoption [Domain] Type of Adoption [Domain] Impact of ASC 842 Transition Accounting Standards Update 2016-02 [Member] New Accounting Pronouncements or Change in Accounting Principle [Line Items] New Accounting Pronouncements or Change in Accounting Principle [Line Items] Assets Operating Lease, Right-of-Use Asset [Roll Forward] Operating Lease, Right-of-Use Asset Operating lease right-of-use assets, Impact of ASC 842 Transition Operating Lease, Right-of-Use Asset Leases commenced during the quarter Operating Lease, Right-of-Use Asset, Additions For Leases Commenced During the Period Operating Lease, Right-of-Use Asset, Additions For Leases Commenced During the Period Payments, amortization and terminations Operating Lease, Right-of-Use Asset, Reductions From Payments, Amortization and Terminations Operating Lease, Right-of-Use Asset, Reductions From Payments, Amortization and Terminations Operating lease right-of-use assets, As of March 31, 2019 Liabilities Operating Lease Liabilities [Roll Forward] Operating Lease Liabilities Short-term operating lease liability, Impact of ASC 842 Transition Operating Lease, Liability, Current Leases commenced during the quarter Operating Lease, Liability, Current, Increase For Leases Commenced During the Period Operating Lease, Liability, Current, Increase For Leases Commenced During the Period Payments, amortization and terminations Operating Lease, Liability, Current, Reductions From Payments, Amortization and Terminations Operating Lease, Liability, Current, Reductions From Payments, Amortization and Terminations Short-term operating lease liability, As of March 31, 2019 Long-term operating lease liability, Impact of ASC 842 Transition Operating Lease, Liability, Noncurrent Leases commenced during the quarter Operating Lease, Liability, Noncurrent, Increase For Leases Commenced During the Period Operating Lease, Liability, Noncurrent, Increase For Leases Commenced During the Period Payments, amortization and terminations Operating Lease, Liability, Noncurrent, Reductions From Payments, Amortization and Terminations Operating Lease, Liability, Noncurrent, Reductions From Payments, Amortization and Terminations Long-term operating lease liability. As of March 31, 2019 Total operating lease liabilities, Impact of ASC 842 Transition Operating Lease, Liability Leases commenced during the quarter Operating Lease, Liability, Increase For Leases Commenced During the Period Operating Lease, Liability, Increase For Leases Commenced During the Period Payments, amortization and terminations Operating Lease, Liability, Reductions From Payments, Amortization and Terminations Operating Lease, Liability, Reductions From Payments, Amortization and Terminations Total operating lease liabilities, As of March 31, 2019 Accounting Policies [Abstract] RECENT ACCOUNTING PRONOUNCEMENTS New Accounting Pronouncements and Changes in Accounting Principles [Text Block] Statement of Financial Position [Abstract] Statement [Table] Statement [Table] Class of Stock [Axis] Class of Stock [Axis] Class of Stock [Domain] Class of Stock [Domain] Series A preferred stock Series A Preferred Stock [Member] Series B Convertible Preferred Stock Convertible Preferred Stock [Member] Statement [Line Items] Statement [Line Items] ASSETS Assets [Abstract] Current assets: Assets, Current [Abstract] Trade accounts receivable, allowance for doubtful accounts Allowance for Doubtful Accounts Receivable, Current LIABILITIES AND EQUITY Liabilities and Equity [Abstract] Shareholders' Equity: Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] Preferred stock, par value (in dollars per share) Preferred Stock, Par or Stated Value Per Share Preferred stock, authorized (in shares) Preferred Stock, Shares Authorized Common stock, par value (in dollars per share) Common Stock, Par or Stated Value Per Share Common stock, shares authorized (in shares) Common Stock, Shares Authorized Common stock shares issued (in shares) Common Stock, Shares, Issued Contractors [Abstract] COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS Long-term Contracts or Programs Disclosure [Text Block] Cash Cash and Cash Equivalents, at Carrying Value Restricted cash Restricted Cash, Current Accounts Receivable, net of allowance for doubtful accounts of $10,080 and $10,126 Accounts Receivable, Net, Current Inventories Inventory, Net Costs and estimated profits in excess of billings Contract with Customer, Asset, Net, Current Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current Federal income taxes receivable Income Taxes Receivable, Current Total current assets Assets, Current Property and equipment, net Property, Plant and Equipment, Net Goodwill Goodwill Other intangible assets, net Other Intangible Assets, Net Operating lease ROU assets Other long-term assets Other Assets, Noncurrent Total assets Assets Current liabilities: Liabilities, Current [Abstract] Current maturities of long-term debt Long-term Debt, Current Maturities Trade accounts payable Accounts Payable, Trade, Current Accrued wages and benefits Employee-related Liabilities, Current Customer advances Contract with Customer, Liability, Customer Advances Current Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current. Billings in excess of costs and estimated profits Contract with Customer, Liability, Current Federal income taxes payable Accrued Income Taxes, Current Short-term operating lease liabilities Other current liabilities Other Liabilities, Current Total current liabilities Liabilities, Current Long-term debt, net of current maturities and unamortized debt issuance costs Long-term Debt, Excluding Current Maturities Long-term operating lease liabilities Other long-term liabilities Other Liabilities, Noncurrent Deferred income taxes Deferred Income Tax Liabilities, Net Total long-term liabilities Liabilities, Noncurrent Total liabilities Liabilities Commitments and contingencies (Note 11) Commitments and Contingencies Series A preferred stock, $1.00 par value; 1,000,000 shares authorized; Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized Preferred Stock, Value, Issued Common stock, $0.01 par value, 100,000,000 shares authorized; 17,435,117 and 17,401,297 outstanding Common Stock, Value, Issued Additional paid-in capital Additional Paid in Capital Retained earnings Retained Earnings (Accumulated Deficit) Accumulated other comprehensive loss Accumulated Other Comprehensive Income (Loss), Net of Tax Total DXP Enterprises, Inc. equity Stockholders' Equity Attributable to Parent Noncontrolling interest Stockholders' Equity Attributable to Noncontrolling Interest Total equity Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest Total liabilities and equity Liabilities and Equity Line of Credit Facility [Table] Line of Credit Facility [Table] Measurement Basis [Axis] Measurement Basis [Axis] Fair Value Measurement [Domain] Fair Value Measurement [Domain] Portion at Fair Value Measurement Portion at Fair Value Measurement [Member] Carrying Value Reported Value Measurement [Member] Fair Value Estimate of Fair Value Measurement [Member] Debt Instrument [Axis] Debt Instrument [Axis] Debt Instrument [Domain] Debt Instrument, Name [Domain] ABL Revolver ABL Revolver [Member] Arrangement in which loan proceeds can be obtained by Asset Based Loan and Security Agreement (the "ABL Credit Agreement"). Term Loan B Term Loan B [Member] A loan from a bank for a specific amount that has a specified repayment schedule. Promissory note payable Promissory Note Due January 2021 [Member] Promissory Note Due January 2021 Line of Credit Facility [Line Items] Line of Credit Facility [Line Items] Borrowings [Abstract] Long-term Debt, by Current and Noncurrent [Abstract] Total long-term debt Long-term Debt Less: current portion Long-term debt less current maturities Unamortized debt issuance costs Debt Instrument, Unamortized Discount (Premium), Net Interest rate Debt Instrument, Interest Rate, Stated Percentage Segment Reporting [Abstract] Schedule of Segment Reporting Information, by Segment [Table] Schedule of Segment Reporting Information, by Segment [Table] Segments [Axis] Segments [Axis] Segments [Domain] Segments [Domain] Service Centers Service Centers [Member] The service centers segment of the entity. Innovative Pumping Solutions Innovative Pumping Solutions [Member] The innovative pumping solutions segment of the entity. Supply Chain Services Supply Chain Services [Member] The supply chain services segment of the entity. Consolidation Items [Axis] Consolidation Items [Axis] Consolidation Items [Domain] Consolidation Items [Domain] Corporate Corporate, Non-Segment [Member] Segment Reporting Information [Line Items] Segment Reporting Information [Line Items] Total Identifiable Assets Indentifiable Assets Indentifiable Assets Fair Value Disclosures [Abstract] FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Fair Value Disclosures [Text Block] Schedule of Components of Company's Long-term Debt Schedule of Long-term Debt Instruments [Table Text Block] Lessee, Lease, Description [Table] Lessee, Lease, Description [Table] Range [Axis] Range [Axis] Range [Domain] Range [Domain] Minimum Minimum [Member] Maximum Maximum [Member] ASU 2016-02 Related Party [Axis] Related Party [Axis] Related Party [Domain] Related Party [Domain] Chief Executive Officer Chief Executive Officer [Member] Lessee, Lease, Description [Line Items] Lessee, Lease, Description [Line Items] Number of classes of leased assets-real estate properties Lessee, Classes of Leased Assets, Number Lessee, Classes of Leased Assets, Number Operating lease right-of-use assets Operating lease liabilities Remaining lease term Operating Lease, Weighted Average Remaining Lease Term Lease extension period Lessee, Lease, Renewal Term Lessee, Lease, Renewal Term Operating lease expense Operating Lease, Expense Operating Segments Operating Segments [Member] Segment Reconciling Items Segment Reconciling Items [Member] Corporate Segment Reporting Information, Operating Income (Loss) [Abstract] Segment Reporting Information, Operating Income (Loss) [Abstract] Operating income for reportable segments Operating income for reportable segments Operating income for reportable segments before amortization of intangibles, corporate and other expense, net. Adjustment for: Adjustment for [Abstract] Amortization of intangible assets Amortization of Intangible Assets Corporate expenses General and Administrative Expense Income from operations Operating Income (Loss) Interest expense Interest Expense Other income, net Nonoperating Income (Expense) Income before income taxes Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Operating cash flows from operating leases Operating Lease, Payments Right-of-use assets obtained in exchange for lease liabilities Right-of-Use Asset Obtained in Exchange for Operating Lease Liability Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value Measurements, Recurring and Nonrecurring [Table] Business Acquisition [Axis] Business Acquisition [Axis] Business Acquisition, Acquiree [Domain] Business Acquisition, Acquiree [Domain] ASI Application Specialties, Inc. [Member] The name of the company acquired by the entity. Balance Sheet Location [Axis] Balance Sheet Location [Axis] Balance Sheet Location [Domain] Balance Sheet Location [Domain] Other Current and Long-term Liabilities Other Current and Noncurrent Liabilities [Member] Other Current and Noncurrent Liabilities Valuation Approach and Technique [Axis] Valuation Approach and Technique [Axis] Valuation Approach and Technique [Domain] Valuation Approach and Technique [Domain] Valuation Technique, Discounted Cash Flow Valuation Technique, Discounted Cash Flow [Member] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Axis] Fair Value Hierarchy and NAV [Domain] Fair Value Hierarchy and NAV [Domain] Fair Value, Inputs, Level 3 Fair Value, Inputs, Level 3 [Member] Measurement Input Type [Axis] Measurement Input Type [Axis] Measurement Input Type [Domain] Measurement Input Type [Domain] Annualized EBITDA and probability of achievement Annualized EBITDA And Probability Of Achievement [Member] Annualized EBITDA And Probability Of Achievement Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Liability for contingent consideration Business Combination, Contingent Consideration, Liability Discount rate Business Combination, Contingent Consideration, Liability, Measurement Input LEASES Lessee, Operating Leases [Text Block] Inventory Disclosure [Abstract] Finished goods Inventory, Finished Goods, Gross Work in process Inventory, Work in Process, Gross Obsolescence reserve Inventory Valuation Reserves Inventories Less than 1 year Operating Leases, Future Minimum Payments Due, Next Twelve Months 1-3 years Operating Leases, Future Minimum Payments, Due in Rolling Year Two and Three 3-5 years Operating Leases, Future Minimum Payments, Due in Rolling Year Four and Five More than 5 years Operating Leases, Future Minimum Payments, Due Thereafter Total Operating Leases, Future Minimum Payments Due Statement of Cash Flows [Abstract] CASH FLOWS FROM OPERATING ACTIVITIES: Net Cash Provided by (Used in) Operating Activities [Abstract] Net income attributable to DXP Enterprises, Inc. Net Income (Loss) Attributable to Parent Less net loss attributable to non-controlling interest Net Income (Loss) Attributable to Noncontrolling Interest Net income Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Reconciliation of net income to the net cash used in operating activities: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation Depreciation Gain on sale of property and equipment Gain (Loss) on Disposition of Property Plant Equipment Bad debt expense Provision for Doubtful Accounts Payment of contingent consideration liability in excess of acquisition-date fair value Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration in Excess of Fair Value Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration in Excess of Fair Value Fair value adjustment on contingent consideration Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability Amortization of debt issuance costs Amortization of Debt Issuance Costs Stock compensation expense Share-based Compensation Deferred income taxes Deferred Income Tax Expense (Benefit) Changes in operating assets and liabilities Increase (Decrease) in Operating Capital [Abstract] Trade accounts receivable Increase (Decrease) in Accounts Receivable Costs and estimated profits in excess of billings Costs And Estimated Profits In Excess Of Billings The increase (decrease) during the reporting period in the amount of cost and estimated profits in excess of billings. Inventories Increase (Decrease) in Inventories Prepaid expenses and other assets Increase (Decrease) in Prepaid Expense and Other Assets Trade accounts payable and accrued expenses Increase (Decrease) in Accounts Payable and Accrued Liabilities Billings in excess of costs and estimated profits Increase (Decrease) in Billings in Excess of Costs and Estimated Profits Amount of increase (decrease) in the asset reflecting the billings in excess of related costs and estimated profits. Other long-term liabilities Increase (Decrease) in Other Noncurrent Liabilities Net cash used in operating activities Net Cash Provided by (Used in) Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES: Net Cash Provided by (Used in) Investing Activities [Abstract] Purchase of property and equipment Payments to Acquire Property, Plant, and Equipment Proceeds from the sale of property and equipment Proceeds from Sale of Property, Plant, and Equipment Acquisition of business, net of cash acquired Payments to Acquire Businesses, Net of Cash Acquired Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES: Net Cash Provided by (Used in) Financing Activities [Abstract] Principal debt payments Repayments of Long-term Debt Debt issuance costs Payments of Debt Issuance Costs Payment for contingent consideration liability up to acquisition-date fair value Payment for Contingent Consideration Liability, Financing Activities Dividends paid Payments of Dividends Payment for employee taxes withheld from stock awards Payments Related to Tax Withholding for Share-based Compensation Net cash used in financing activities Net Cash Provided by (Used in) Financing Activities Effect of foreign currency on cash Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Net change in cash and restricted cash Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash and restricted cash at beginning of period Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Cash and restricted cash at end of period Subsequent Events [Abstract] SUBSEQUENT EVENTS Subsequent Events [Text Block] Commitments and Contingencies Disclosure [Abstract] COMMITMENTS AND CONTINGENCIES Commitments and Contingencies Disclosure [Text Block] Organization, Consolidation and Presentation of Financial Statements [Abstract] SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES Business Description and Accounting Policies [Text Block] Earnings Per Share [Abstract] Schedule of Computation of Basic and Diluted Earnings per Share Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] Measurement Frequency [Axis] Measurement Frequency [Axis] Fair Value, Measurement Frequency [Domain] Fair Value, Measurement Frequency [Domain] Fair Value, Measurements, Recurring Fair Value, Measurements, Recurring [Member] Liability Class [Axis] Liability Class [Axis] Fair Value by Liability Class [Domain] Fair Value by Liability Class [Domain] Contingent Consideration Liability Contingent Consideration Liability [Member] Contingent Consideration Liability Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] Contingent Liability for Accrued Consideration Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] Beginning balance at December 31, 2018 Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value Acquisitions and settlements Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases, (Sales), Issuances, (Settlements) [Abstract] Acquisitions Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases Settlements Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements Total remeasurement adjustments: Remeasurement Adjustments [Abstract] Changes in fair value recorded in profit and loss Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings Ending Balance at March 31, 2019 The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019. Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss) Schedule of Carrying Values of Inventories Schedule of Inventory, Current [Table Text Block] Short-term lease expense Short-term Lease, Cost Other operating lease cost Operating Lease, Cost Total operating lease cost Lease, Cost SEGMENT REPORTING Segment Reporting Disclosure [Text Block] Schedule of Financial Information Regarding Company's Segments Schedule of Segment Reporting Information, by Segment [Table Text Block] Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income Before Taxes Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] Schedule of Company's Identifiable Assets by Segments Reconciliation of Assets from Segment to Consolidated [Table Text Block] EARNINGS PER SHARE DATA Earnings Per Share [Text Block] Income Statement [Abstract] Sales Revenue from Contract with Customer, Excluding Assessed Tax Cost of sales Cost of Goods and Services Sold Gross profit Gross Profit Selling, general and administrative expenses Selling, General and Administrative Expense Income from operations Interest expense Provision for income taxes Income Tax Expense (Benefit) Net income Net loss attributable to noncontrolling interest Preferred stock dividend Preferred Stock Dividends, Income Statement Impact Net income attributable to common shareholders Net Income (Loss) Available to Common Stockholders, Basic Net income Cumulative translation adjustment Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax Comprehensive income Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Earnings per share : Basic (in dollars per share) Earnings Per Share, Basic Diluted (in dollars per share) Earnings Per Share, Diluted Weighted average common shares outstanding : Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] Basic (in shares) Weighted Average Number of Shares Outstanding, Basic Diluted (in shares) Weighted Average Number of Shares Outstanding, Diluted Basic: Earnings Per Share, Basic [Abstract] Weighted average shares outstanding (in shares) Net income attributable to DXP Enterprises, Inc. Convertible preferred stock dividend Convertible Preferred Dividends, Net of Tax Net income attributable to common shareholders Per share amount (in dollars per share) Diluted: Earnings Per Share, Diluted [Abstract] Assumed conversion of convertible preferred stock (in shares) Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock Total dilutive shares (in shares) Net income attributable to DXP Enterprises, Inc. Net Income (Loss) Available to Common Stockholders, Diluted Per share amount (in dollars per share) SC IPS SCS Product and Service [Axis] Product and Service [Axis] Product and Service [Domain] Product and Service [Domain] Product Sales Product [Member] Inventory Management Services Inventory Management Service [Member] Inventory Management Service Staffing Services Staffing Services [Member] Staffing Services Customized Pump Production Customized Pump Production [Member] Customized Pump Production Contract with Customer, Basis of Pricing [Axis] Contract with Customer, Basis of Pricing [Axis] Contract with Customer, Basis of Pricing [Domain] Contract with Customer, Basis of Pricing [Domain] Fixed-price Contract Fixed-price Contract [Member] Time-and-materials Contract Time-and-materials Contract [Member] Timing of Transfer of Good or Service [Axis] Timing of Transfer of Good or Service [Axis] Timing of Transfer of Good or Service [Domain] Timing of Transfer of Good or Service [Domain] Transferred at Point in Time Transferred at Point in Time [Member] Transferred over Time Transferred over Time [Member] Segment Reporting Information, Profit (Loss) [Abstract] Segment Reporting Information, Profit (Loss) [Abstract] Total Revenue Income from operations Operating income, excluding amortization Operating income for reportable segments excluding amortization of intangibles. Statement of Stockholders' Equity [Abstract] Series B preferred stock Series B Preferred Stock [Member] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common stock Common Stock [Member] Paid-in capital Additional Paid-in Capital [Member] Retained earnings Retained Earnings [Member] Non controlling interest Noncontrolling Interest [Member] Accum other comp loss AOCI Attributable to Parent [Member] Increase (Decrease) in Stockholders' Equity [Roll Forward] Increase (Decrease) in Stockholders' Equity [Roll Forward] Beginning Balance Preferred dividends paid Dividends, Preferred Stock Compensation expense for restricted stock Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition Tax related items for share based awards Adjustment to Additional Paid in Capital, Income Tax Effect from Share-based Compensation, Net Issuance of shares of common stock Stock Issued During Period, Value, New Issues Cumulative translation adjustment Cumulative Translation Adjustment, Net of Tax, Period Increase (Decrease) Ending Balance Basis of Presentation Basis of Accounting, Policy [Policy Text Block] Recently Adopted Accounting Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Accounting Pronouncements Not Yet Adopted New Accounting Pronouncements Not Yet Adopted [Policy Text Block] Disclosure of accounting policy pertaining to new accounting pronouncements yet to adopt and they may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. Leases Lessee, Leases [Policy Text Block] Schedule of Costs and Estimated Profits on Uncompleted Contracts Costs And Estimated Earnings On Uncompleted Contracts [Table Text Block] Tabular disclosure of costs and estimated earnings on uncompleted contracts. Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets Costs and Estimated Earnings on Uncompleted Contracts Accompanying in Balance Sheet [Table Text Block] Tabular disclosure of costs and estimated earnings on uncompleted contracts accompanying in balance sheet. Income Tax Disclosure [Abstract] INCOME TAXES Income Tax Disclosure [Text Block] Effective income tax rate from continuing operations Effective Income Tax Rate Reconciliation, Percent 2019 (excluding 3 months ended 3/31/2019) Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year 2020 Lessee, Operating Lease, Liability, Payments, Due Year Two 2021 Lessee, Operating Lease, Liability, Payments, Due Year Three 2022 Lessee, Operating Lease, Liability, Payments, Due Year Four 2023 Lessee, Operating Lease, Liability, Payments, Due Year Five Thereafter Lessee, Operating Lease, Liability, Payments, Due after Year Five Total lease payments Lessee, Operating Lease, Liability, Payments, Due Less: imputed interest Lessee, Operating Lease, Liability, Undiscounted Excess Amount Present value of lease liabilities Minimum lease payments for leases signed but not yet commenced Lessee, Operating Lease, Lease Not yet Commenced, Amount Lessee, Operating Lease, Lease Not yet Commenced, Amount Schedule of costs and estimated earnings on uncompleted contracts [Abstract] Costs in Excess of Billings on Uncompleted Contracts or Programs [Abstract] Costs incurred on uncompleted contracts Contract with Customer, Asset, Net Estimated profits, thereon Estimated Earnings Thereon, on Uncompleted Contracts Estimated earnings thereon, on uncompleted contracts. Total Cost And Earnings Of Uncompleted Contracts This amount represents the costs and estimated earnings of uncompleted contracts before billing date. Less: billings to date Costs And Estimated Earnings Billed To Date Amount billed to customers under long-term contracts or programs as of the date. Net Contract with Customer, Asset, Net, Current excluding Contract with Customer, Liability, Current and Translation Adjustment Amount, after allowance for credit loss, of right to consideration in exchange for good or service transferred to customer when right is conditioned on something other than passage of time, classified as current less Amount of obligation to transfer good or service to customer for which consideration has been received or is receivable, classified as current and translation adjustment. Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets [Abstract] Costs And Estimated Earnings On Uncompleted Contracts Included In Accompanying Balance Sheets Under Captions [Abstract] Billings in excess of costs and estimated profits Translation adjustment Billings In Excess Of Cost Current Translation Adjustment Amount of Translation adjustment reflecting the cost incurred on uncompleted contracts in excess of related billings which is expected to be collected within one year or the normal operating cycle, if longer. Balances previously classified as contract liabilities at the beginning of the period that have shipped Contract with Customer, Liability, Revenue Recognized Schedule of Lease Expenses, Supplemental Cash Flow and Balance Sheet Information and Lease Term and Discount Rate Lease, Cost [Table Text Block] Schedule of Supplemental Balance Sheet Information Assets And Liabilities, Lessee [Table Text Block] Assets And Liabilities, Lessee Schedule of Maturity of Lease Liabilities Lessee, Operating Lease, Liability, Maturity [Table Text Block] Schedule of Contractual Obligations Related to Operating Leases Under ASC 840 Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] Weighted average remaining lease term, operating lease Weighted average discount rate, operating lease Operating Lease, Weighted Average Discount Rate, Percent INVENTORIES Inventory Disclosure [Text Block] Schedule of Reconciliation of the Beginning and Ending Balance and Gains or Losses Recognized Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Schedule of Quantitative Information About Level 3 Fair Value Measurements Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] THE COMPANY [Abstract] Number of business segments Number of Operating Segments THE COMPANY Nature of Operations [Text Block] Document and Entity Information [Abstract] Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Current Fiscal Year End Date Current Fiscal Year End Date Entity Current Reporting Status Entity Current Reporting Status Entity Filer Category Entity Filer Category Entity Small Business Entity Small Business Entity Emerging Growth Company Entity Emerging Growth Company Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Document Type Document Type Amendment Flag Amendment Flag Document Period End Date Document Period End Date Fair Value Measurement Inputs and Valuation Techniques [Table] Fair Value Measurement Inputs and Valuation Techniques [Table] Fair Value Measurement Inputs and Valuation Techniques [Line Items] Fair Value Measurement Inputs and Valuation Techniques [Line Items] Fair Value Measurement Inputs and Valuation Techniques [Abstract] Fair Value Measurement Inputs and Valuation Techniques [Abstract] Contingent consideration: (ASI acquisition) EX-101.PRE 11 dxpe-20190331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 12 R1.htm IDEA: XBRL DOCUMENT v3.19.1
Document and Entity Information - shares
 3 Months Ended
Mar. 31, 2019
Apr. 30, 2019
Document and Entity Information [Abstract]    
Entity Registrant Name DXP ENTERPRISES INC  
Entity Central Index Key 0001020710  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Filer Category Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Common Stock, Shares Outstanding   17,592,190
Document Fiscal Year Focus 2019  
Document Fiscal Period Focus Q1  
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 31, 2019  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
Sales $ 311,225 $ 285,936
Cost of sales 227,025 209,491
Gross profit 84,200 76,445
Selling, general and administrative expenses 69,384 65,296
Income from operations 14,816 11,149
Other income, net (33) (22)
Interest expense 5,040 5,041
Income before income taxes 9,809 6,130
Provision for income taxes 2,622 1,636
Net income 7,187 4,494
Net loss attributable to noncontrolling interest (104) (57)
Net income attributable to DXP Enterprises, Inc. 7,291 4,551
Preferred stock dividend 23 23
Net income attributable to common shareholders 7,268 4,528
Net income 7,187 4,494
Cumulative translation adjustment 702 (377)
Comprehensive income $ 7,889 $ 4,117
Earnings per share :    
Basic (in dollars per share) $ 0.41 $ 0.25
Diluted (in dollars per share) $ 0.40 $ 0.24
Weighted average common shares outstanding :    
Basic (in shares) 17,566 17,901
Diluted (in shares) 18,406 18,741
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash $ 30,606 $ 40,304
Restricted cash 122 215
Accounts Receivable, net of allowance for doubtful accounts of $10,080 and $10,126 197,267 191,829
Inventories 121,754 114,830
Costs and estimated profits in excess of billings 38,150 32,514
Prepaid expenses and other current assets 5,597 4,938
Federal income taxes receivable 0 960
Total current assets 393,496 385,590
Property and equipment, net 51,404 51,330
Goodwill 194,052 194,052
Other intangible assets, net 63,609 67,207
Operating lease ROU assets 70,851 0
Other long-term assets 1,795 1,783
Total assets 775,207 699,962
Current liabilities:    
Current maturities of long-term debt 3,414 3,407
Trade accounts payable 92,460 87,407
Accrued wages and benefits 16,882 21,275
Customer advances 3,867 3,223
Billings in excess of costs and estimated profits 8,207 10,696
Federal income taxes payable 67 0
Short-term operating lease liabilities 17,660 0
Other current liabilities 16,075 17,269
Total current liabilities 158,632 143,277
Long-term debt, net of current maturities and unamortized debt issuance costs 236,591 236,979
Long-term operating lease liabilities 52,993 0
Other long-term liabilities 988 2,819
Deferred income taxes 9,422 8,633
Total long-term liabilities 299,994 248,431
Total liabilities 458,626 391,708
Commitments and contingencies (Note 11)
Shareholders' Equity:    
Common stock, $0.01 par value, 100,000,000 shares authorized; 17,435,117 and 17,401,297 outstanding 174 174
Additional paid-in capital 156,651 156,190
Retained earnings 177,003 169,735
Accumulated other comprehensive loss (18,565) (19,267)
Total DXP Enterprises, Inc. equity 315,279 306,848
Noncontrolling interest 1,302 1,406
Total equity 316,581 308,254
Total liabilities and equity 775,207 699,962
Series A preferred stock    
Shareholders' Equity:    
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized; Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized 1 1
Total equity 1 1
Series B Convertible Preferred Stock    
Shareholders' Equity:    
Series A preferred stock, $1.00 par value; 1,000,000 shares authorized; Series B convertible preferred stock, $1.00 par value; 1,000,000 shares authorized $ 15 $ 15
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Trade accounts receivable, allowance for doubtful accounts $ 10,080 $ 10,126
Shareholders' Equity:    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Common stock shares issued (in shares) 17,435,117 17,401,297
Series A preferred stock    
Shareholders' Equity:    
Preferred stock, par value (in dollars per share) $ 1.00 $ 1.00
Preferred stock, authorized (in shares) 1,000,000 1,000,000
Series B Convertible Preferred Stock    
Shareholders' Equity:    
Preferred stock, par value (in dollars per share) $ 1.00 $ 1.00
Preferred stock, authorized (in shares) 1,000,000 1,000,000
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income attributable to DXP Enterprises, Inc. $ 7,291 $ 4,551
Less net loss attributable to non-controlling interest (104) (57)
Net income 7,187 4,494
Reconciliation of net income to the net cash used in operating activities:    
Depreciation 2,392 2,356
Amortization of intangible assets 3,814 4,358
Gain on sale of property and equipment (8) 0
Bad debt expense 58 829
Payment of contingent consideration liability in excess of acquisition-date fair value (106) 0
Fair value adjustment on contingent consideration 33 0
Amortization of debt issuance costs 468 462
Stock compensation expense 505 736
Deferred income taxes 722 (179)
Changes in operating assets and liabilities    
Trade accounts receivable (5,035) 3,953
Costs and estimated profits in excess of billings (5,628) (8,642)
Inventories (6,891) (9,107)
Prepaid expenses and other assets 3,389 699
Trade accounts payable and accrued expenses 1,085 (691)
Billings in excess of costs and estimated profits (2,514) (76)
Other long-term liabilities (4,781) 0
Net cash used in operating activities (5,310) (808)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property and equipment (2,312) (791)
Proceeds from the sale of property and equipment 29 0
Acquisition of business, net of cash acquired 0 (9,836)
Net cash used in investing activities (2,283) (10,627)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal debt payments (849) (844)
Debt issuance costs 0 (38)
Payment for contingent consideration liability up to acquisition-date fair value (1,394) 0
Dividends paid (23) (23)
Payment for employee taxes withheld from stock awards (44) (54)
Net cash used in financing activities (2,310) (959)
Effect of foreign currency on cash 112 (140)
Net change in cash and restricted cash (9,791) (12,534)
Cash and restricted cash at beginning of period 40,519 25,579
Cash and restricted cash at end of period $ 30,728 $ 13,045
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Common stock
Paid-in capital
Retained earnings
Non controlling interest
Accum other comp loss
Series A preferred stock
Series B preferred stock
Beginning Balance at Dec. 31, 2017 $ 268,535 $ 174 $ 153,087 $ 134,182 $ 567 $ (19,491) $ 1 $ 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Preferred dividends paid (23)     (23)        
Compensation expense for restricted stock 736   736          
Tax related items for share based awards     (54)          
Issuance of shares of common stock 894   894          
Cumulative translation adjustment (377)         (377)    
Net income 4,494     4,551 (57)      
Ending Balance at Mar. 31, 2018 274,205 174 154,663 138,710 510 (19,868) 1 15
Beginning Balance at Dec. 31, 2018 308,254 174 156,190 169,735 1,406 (19,267) 1 15
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Preferred dividends paid (23)     (23)        
Compensation expense for restricted stock 505   505          
Tax related items for share based awards (44)   (44)          
Cumulative translation adjustment 702         702    
Net income 7,187     7,291 (104)      
Ending Balance at Mar. 31, 2019 $ 316,581 $ 174 $ 156,651 $ 177,003 $ 1,302 $ (18,565) $ 1 $ 15
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
THE COMPANY
 3 Months Ended
Mar. 31, 2019
THE COMPANY [Abstract]  
THE COMPANY
THE COMPANY

DXP Enterprises, Inc. together with its subsidiaries (collectively "DXP," "Company," "us," "we," or "our") was incorporated in Texas on July 26, 1996. DXP Enterprises, Inc. and its subsidiaries are engaged in the business of distributing maintenance, repair and operating ("MRO") products, and service to energy and industrial customers. Additionally, DXP provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps to energy and industrial customers. The Company is organized into three business segments: Service Centers ("SC"), Supply Chain Services ("SCS") and Innovative Pumping Solutions ("IPS"). See Note 12 - Segment Reporting for discussion of the business segments.
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES
 3 Months Ended
Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES

Basis of Presentation

The Company's financial statements are prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). The accompanying condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and its variable interest entity ("VIE"). The accompanying unaudited condensed consolidated financial statements have been prepared on substantially the same basis as our annual consolidated financial statements and should be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2018. For a more complete discussion of our significant accounting policies and business practices, refer to the consolidated annual report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. The results of operations for three months ended March 31, 2019 are not necessarily indicative of results expected for the full fiscal year. In the opinion of management, these condensed consolidated financial statements contain all adjustments necessary to present fairly the Company's condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2019 and March 31, 2018, condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, condensed consolidated statements of cash flows for the three months ended March 31, 2019 and March 31, 2018, and condensed consolidated statement of equity as of March 31, 2019 and March 31, 2018. All such adjustments represent normal recurring items.

All intercompany accounts and transactions have been eliminated upon consolidation.
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.1
RECENT ACCOUNTING PRONOUNCEMENTS
 3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS

Recently Adopted Accounting Pronouncements

Leases. In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective January 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections. See Note 4 - Leases for further discussion.

Accounting Pronouncements Not Yet Adopted

Intangibles-Goodwill and Other. In August 2018, the FASB issued ASU No. 2018-15, Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract based on a consensus of the FASB’s Emerging Issues Task Force (EITF) that requires implementation costs incurred by customers in cloud computing arrangements (CCAs) to be deferred and recognized over the term of the arrangement, if those costs would be capitalized by the customer in a software licensing arrangement under the internal-use software guidance in ASC 350-40, “Intangibles-Goodwill and Other-Internal-Use Software”. The ASU does not affect the accounting by cloud service providers, other software vendors or customers’ accounting for software licensing arrangements. The ASU will require companies to recognize deferred implementation costs to expense over the ‘term of the hosting arrangement’. Under the ASU, the term of the hosting arrangement comprises the noncancellable period of the CCA plus any optional renewal periods that are reasonably certain to be exercised by the customer or for which exercise of the option is controlled by the vendor. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, and we will continue to assess the standard and make a determination later.

Fair Value Measurement. In August 2018, the FASB issued ASU 2018-13: Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the disclosure requirements. The new standard will not have an impact on our results of operations, but it will significantly modify our disclosures around fair value measurements.

Financial Instruments – Credit Losses. In June 2016, the FASB issued ASU 2016-13: Financial Instruments – Credit Losses, which replaces the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses. The update is intended to provide financial statement users with more useful information about expected credit losses. The amended guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the effect, if any, that the guidance will have on the Company's Consolidated Financial Statements and related disclosures.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES
 3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
LEASES
LEASES

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The update requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The criteria for determining whether a lease is a finance or operating lease was not significantly changed by this ASU. The ASU also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. This pronouncement was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted.

In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements (Topic 842). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of ASC 842. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method to the existing transition method by allowing entities to initially apply the new leases standard at the adoption date (such as January 1, 2019, for calendar year-end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption.

The Company adopted the standard effective January 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we elected to apply the following practical expedients and accounting policy decisions.

We elected a package of transition expedients that allowed us to forgo reassessing certain conclusions reached under ASC 840 which must be elected together. All expedients in this package were applied together for all leases that commenced before the effective date, January 1, 2019, of ASC 842. As a result, in transitioning to ASC 842, for existing leases as of 1/1/2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. We generally have four classes of leased assets : Real Estate related properties (such as office space, warehouses, distribution centers and land), Automobiles, Office Equipment and Manufacturing Equipment and do not utilize finance leases.

In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate nonlease components from the associated lease for all of our leased asset classes, except for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the nonlease components associated with that lease as a single lease component.

For short-term leases as defined under ASC 842, we elected the short-term lease exception pursuant to ASC 842 to all classes of our leased assets. We do not recognize a lease liability or a right of use asset on our consolidated balance sheets for our leased assets with an original lease term of twelve months or less. Instead, we recognize the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred and disclose in the notes to the consolidated financial statements our short-term lease expense.

The new standard did have a material impact on our consolidated balance sheets related to recording right-of-use assets and the corresponding lease liabilities for our inventory of operating leases. In January 2019, we recorded a ROU Asset and total lease liability obligations of approximately $72 million, each. The new standard did not have a material impact on our consolidated statements of operations and had no impact on cash flows.

We lease office space, warehouses, land, automobiles, and office and manufacturing equipment. All of our leases are classified as operating leases.

Our leases have remaining lease terms of 1 month to 12 years, some of which include options to extend the leases for up to 14 years. The exercise of lease renewal options is at our sole discretion. Our lease agreements do not include options to purchase the leased property.

The lease expenses were as follows (in thousands):

 
 
 
 
Three Months Ended
March 31,
Lease cost
 
Classification
 
2019
Short-term lease expense
 
SG&A expenses(*)
 
$
269

Other operating lease cost
 
SG&A expenses(*)
 
5,832

Total operating lease cost
 
 
 
$
6,101

(*) Manufacturing equipment and some vehicle rental expenses are included in the cost of sales.


Supplemental cash flow information related to leases was as follows (in thousands):

 
 
Three Months Ended
March 31,
Lease
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
     Operating cash flows from operating leases
 
$
4,513

Right-of-use assets obtained in exchange for lease liabilities
 
 
     Operating leases
 
$
2,935



Supplemental balance sheet information related to leases was as follows (in thousand):

Lease
 
Classification
 
Impact of ASC 842 Transition
 
Leases commenced during the quarter
 
Payments, amortization and terminations
 
As of March 31, 2019
Assets
 
 
 
 
 
 
 
 
 
 
   Operating
 
Operating lease right-of-use assets
 
$
72,679

 
$
2,935

 
$
(4,763
)
 
$
70,851

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
   Current operating
 
Short-term operating lease liabilities
 
18,762

 
678

 
(1,780
)
(*) 
17,660

   Non-current operating
 
Long-term operating lease liabilities
 
53,654

 
2,256

 
(2,917
)
 
52,993

Total operating lease liabilities
 
 
 
$
72,416

 
$
2,934

 
$
(4,697
)
 
$
70,653


Note: As most of our leases do not provide an implicit rate, we use our incremental borrowing rate associated with secured debt based on the information available at the commencement date in determining the present value of lease payments for leases commenced on or after January 1, 2019. We used our incremental borrowing rate as of the transition date of January 1, 2019 for operating leases that commenced prior to transition to ASC 842.

(*) Amount is net of the reclassification of long-term liability to short-term lease liability as of March 31, 2019.

Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,
 
Operating leases (*)
2019 (excluding 3 months ended 3/31/2019)
 
$
16,884

2020
 
19,360

2021
 
16,061

2022
 
12,034

2023
 
7,119

Thereafter
 
13,359

Total lease payments
 
$
84,817

Less: imputed interest
 
14,164

Present value of lease liabilities
 
$
70,653



(*) Operating lease payments exclude $250 thousand of legally binding minimum lease payments for leases signed but not yet commenced.













Contractual obligations related to operating leases as of December 31, 2018, under ASC 840 (in thousands):

 
 
Payments due by period
 
 
Less than 1 year
 
1-3 years
 
3-5 years
 
More than 5 years
 
Total
Operating lease obligations
 
$
22,096

 
$
33,825

 
$
18,379

 
$
11,022

 
$
85,322



Lease term and discount rate
 
March 31, 2019
Weighted average remaining lease term (years)
 
 
  Operating lease
 
5.06
Weighted average discount rate
 
 
  Operating lease
 
7.3%


For the three months ended March 31, 2019, the Company paid approximately $550 thousand in lease expenses to entities controlled by the Company's Chief Executive Officer, David Little.
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
 3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

Authoritative guidance for financial assets and liabilities measured on a recurring basis applies to all financial assets and financial liabilities that are being measured and reported on a fair value basis. Fair value, as defined in the authoritative guidance, is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The authoritative guidance affects the fair value measurement of an investment with quoted market prices in an active market for identical instruments, which must be classified in one of the following categories:

Level 1 Inputs

Level 1 inputs come from quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 Inputs

Level 2 inputs are other than quoted prices that are observable for an asset or liability. These inputs include: quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability; and inputs that are derived principally from, or corroborated by, observable market data by correlation or other means.

Level 3 Inputs

Level 3 inputs are unobservable inputs for the asset or liability which require the Company's own assumptions.

Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of the fair value of assets and liabilities and their placement within the fair value hierarchy levels.

Our acquisitions may include contingent consideration as part of the purchase price. The fair value of the contingent consideration is estimated as of the acquisition date based on the present value of the contingent payments to be made using a weighted probability of possible payments. The unobservable inputs used in the determination of the fair value of the contingent consideration include managements assumptions about the likelihood of payment based on the established benchmarks and discount rates based on an internal rate of return analysis. The fair value measurement includes inputs that are Level 3 measurement as discussed above, as they are not observable in the market. Should actual results increase or decrease as compared to the assumption used in our analysis, the fair value of the contingent consideration obligations will increase or decrease, up to the contracted limit, as applicable. Changes in the fair value of the contingent earn-out consideration are measured each reporting period and reflected in our results of operations.  As of March 31, 2019, we recorded a $2.9 million liability for contingent consideration associated with the acquisition of Application Specialties Inc. ("ASI") in other current and long-term liabilities.

For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the three months ended March 31, 2019:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
 
Contingent Liability for Accrued Consideration
 
(in thousands)
Beginning balance at December 31, 2018
$
4,319

Acquisitions and settlements
 
Acquisitions
—

Settlements
(1,500
)
Total remeasurement adjustments:
 
Changes in fair value recorded in profit and loss
33

*Ending Balance at March 31, 2019
$
2,852

 
 
The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019.
$
33

 
 

* Included in other current and long-term liabilities
 


 
Quantitative Information about Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:
(in thousands, unaudited)
Fair value at March 31, 2019
Valuation Technique
Significant Unobservable
Inputs
Contingent consideration:
(ASI acquisition)
$
2,852

Discounted cash flow
Annualized EBITDA and probability of achievement


Sensitivity to Changes in Significant Unobservable Inputs

As presented in the table above, the significant unobservable inputs used in the fair value measurement of contingent consideration related to the acquisition of ASI are annualized earnings before interest, tax, deprecation and amortization ("EBITDA") forecasts developed by the Company's management and the probability of achievement of those EBITDA results. The discount rate used in the calculation was 7.3%. Significant increases (decreases) in these unobservable inputs in isolation would result in a significantly (lower) higher fair value measurement.

Other financial instruments not measured at fair value on the Company's unaudited condensed consolidated balance sheet at March 31, 2019 and December 31, 2018, but which require disclosure of their fair values include: cash and cash equivalents, trade accounts receivable, trade accounts payable and accrued expenses, accrued payroll and related benefits, and the revolving line of credit and term loan debt under our syndicated credit agreement facility. The Company believes that the estimated fair value of such instruments at March 31, 2019 and December 31, 2018 approximates their carrying value as reported on the unaudited condensed consolidated balance sheets.
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.19.1
INVENTORIES
 3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
INVENTORIES
INVENTORIES

The carrying values of inventories are as follows (in thousands):
 
March 31, 2019
 
December 31, 2018
Finished goods
$
105,448

 
$
110,182

Work in process
28,613

 
17,344

Obsolescence reserve
(12,307
)
 
(12,696
)
Inventories
$
121,754

 
$
114,830
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.1
COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS
 3 Months Ended
Mar. 31, 2019
Contractors [Abstract]  
COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS
COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS

Under our customized pump production contracts in our IPS segment, amounts are billed as work progresses in accordance with agreed-upon contractual terms, upon various measures of performance, including achievement of certain milestones, completion of specified units, or completion of a contract. Generally, billing occurs subsequent to revenue recognition, resulting in contract assets. Our contract assets are presented as “cost and estimated profits in excess of billings” on our
Condensed Condsolidated Balance Sheets. However, we sometimes receive advances or deposits from our customers before revenue is recognized, resulting in contract liabilities that are presented as “Billings in excess of costs and estimated profits” on our Condensed Consolidated Balance Sheets.

Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (in thousands):

 
March 31, 2019
 
December 31, 2018
Costs incurred on uncompleted contracts
$
69,861

 
$
53,595

Estimated profits, thereon
8,744

 
6,847

Total
78,605

 
60,442

Less: billings to date
48,662

 
38,662

Net
$
29,943

 
$
21,780



Such amounts were included in the accompanying Condensed Consolidated Balance Sheets for March 31, 2019 and December 31, 2018 under the following captions (in thousands):

 
March 31, 2019
 
December 31, 2018
Costs and estimated profits in excess of billings
$
38,150

 
$
32,514

Billings in excess of costs and estimated profits
(8,207
)
 
(10,696
)
Translation adjustment
—

 
(38
)
Net
$
29,943

 
$
21,780



During the three months ended March 31, 2019, $8.3 million of the balances that were previously classified as contract liabilities at the beginning of the period shipped. Contract assets and liability changes were primarily due to normal activity and timing differences between our performance and customer payments.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2019
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES

Our effective tax rate from continuing operations was a tax expense of 26.7% for the three months ended March 31, 2019 compared to a tax expense of 26.7% for the three months ended March 31, 2018. Compared to the U.S. statutory rate for the three months ended March 31, 2019, the effective tax rate was increased by state taxes and nondeductible expenses and partially offset by foreign taxes research and development tax credits, foreign tax credits, and other tax credits. Compared to the U.S. statutory rate for the three months ended March 31, 2018, the effective tax rate was increased by state taxes and nondeductible expenses and partially offset by foreign taxes, research and development credits, and other tax credits.

To the extent penalties and interest would be assessed on any underpayment of income tax, such accrued amounts would be classified as a component of income tax provision (benefit) in the financial statements consistent with the Company’s policy.
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.1
LONG-TERM DEBT
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
LONG-TERM DEBT
LONG-TERM DEBT

The components of the Company's long-term debt consisted of the following (in thousands):

 
March 31, 2019
 
December 31, 2018
 
Carrying Value (1)
 
Fair Value
 
Carrying Value (1)
 
Fair Value
ABL Revolver
$
—

 
$
—

 
$
—

 
$
—

Term Loan B
246,250

 
249,944

 
246,875

 
245,949

Promissory note payable (2)
1,616

 
1,616

 
1,841

 
1,841

Total long-term debt
247,866

 
251,560

 
248,716

 
247,790

Less: current portion
(3,414
)
 
(3,451
)
 
(3,407
)
 
(3,398
)
Long-term debt less current maturities
$
244,452

 
$
248,109

 
$
245,309

 
$
244,392


(1) Carrying value amounts do not include unamortized debt issuance costs of $7.9 million and $8.3 million for March 31, 2019 and December 31, 2018, respectively.
(2) Note payable in monthly installments at 2.9% through January 2021, collateralized by equipment.

The fair value measurements used by the Company are considered Level 2 inputs, as defined in the fair value hierarchy. The fair value estimates were based on quoted prices for identical or similar securities.

The Company was in compliance with all financial covenants under the ABL Revolver and Term Loan B Agreements as of March 31, 2019.
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.1
EARNINGS PER SHARE DATA
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
EARNINGS PER SHARE DATA
EARNINGS PER SHARE DATA

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

 
Three Months Ended
March 31,
 
2019
 
2018
Basic:
 
 
 
Weighted average shares outstanding
17,566

 
17,901

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Convertible preferred stock dividend
23

 
23

Net income attributable to common shareholders
$
7,268

 
$
4,528

Per share amount
$
0.41

 
$
0.25

 
 
 
 
Diluted:
 
 
 
Weighted average shares outstanding
17,566

 
17,901

Assumed conversion of convertible preferred stock
840

 
840

Total dilutive shares
18,406

 
18,741

Net income attributable to common shareholders
$
7,268

 
$
4,528

Convertible preferred stock dividend
23

 
23

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Per share amount
$
0.40

 
$
0.24
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.19.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES

From time to time, the Company is a party to various legal proceedings arising in the ordinary course of business. While DXP is unable to predict the outcome of these lawsuits, it believes that the ultimate resolution will not have, either individually or in the aggregate, a material adverse effect on DXP's consolidated financial position, cash flows, or results of operations.
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING

The Company's reportable business segments are: Service Centers, Innovative Pumping Solutions and Supply Chain Services. The Service Centers segment is engaged in providing maintenance, MRO products, equipment and integrated services, including logistics capabilities, to industrial customers. The Service Centers segment provides a wide range of MRO products in the rotating equipment, bearing, power transmission, hose, fluid power, metal working, fastener, industrial supply, safety products and safety services categories. The Innovative Pumping Solutions segment fabricates and assembles custom-made pump packages, remanufactures pumps and manufactures branded private label pumps. The Supply Chain Services segment provides a wide range of MRO products and manages all or part of a customer's supply chain, including warehouse and inventory management.

The high degree of integration of the Company's operations necessitates the use of a substantial number of allocations and apportionments in the determination of business segment information. Sales are shown net of intersegment eliminations.









The following table sets out financial information related to the Company's segments excluding amortization (in thousands):

Three Months Ended March 31, 2019
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
171,668

 
$
—

 
$
46,385

 
$
218,053

Inventory management services (recognized over contract life)
—

 
—

 
3,938

 
3,938

Staffing services (day-rate basis)
14,511

 
—

 
—

 
14,511

Customized pump production (recognized over time)
—

 
74,723

 
—

 
74,723

Total Revenue
$
186,179

 
$
74,723

 
$
50,323

 
$
311,225

Income from operations
$
18,980

 
$
6,799

 
$
4,086

 
$
29,865



Three Months Ended March 31, 2018
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
160,544

 
$
—

 
$
39,702

 
$
200,246

Inventory management services (recognized over contract life)
—

 
—

 
3,230

 
3,230

Staffing services (day-rate basis)
14,818

 
—

 
—

 
14,818

Customized pump production (recognized over time)
—

 
67,642

 
—

 
67,642

Total Revenue
$
175,362

 
$
67,642

 
$
42,932

 
$
285,936

Income from operations
$
15,830

 
$
6,382

 
$
4,054

 
$
26,266



The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
Operating income for reportable segments
$
29,865

 
$
26,266

Adjustment for:
 
 
 
Amortization of intangible assets
3,814

 
4,358

Corporate expenses
11,235

 
10,759

Income from operations
$
14,816

 
$
11,149

Interest expense
5,040

 
5,041

Other income, net
(33
)
 
(22
)
Income before income taxes
$
9,809

 
$
6,130
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.1
SUBSEQUENT EVENTS
 3 Months Ended
Mar. 31, 2019
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS

We have evaluated subsequent events through the date the interim Condensed Consolidated Financial Statements were issued. There were no subsequent events that required recognition or disclosure unless elsewhere identified in this report.
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.1
RECENT ACCOUNTING PRONOUNCEMENTS (Policies)
 3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation

The Company's financial statements are prepared in accordance with generally accepted accounting principles in the United States of America ("US GAAP"). The accompanying condensed consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries and its variable interest entity ("VIE"). The accompanying unaudited condensed consolidated financial statements have been prepared on substantially the same basis as our annual consolidated financial statements and should be read in conjunction with our annual report on Form 10-K for the year ended December 31, 2018. For a more complete discussion of our significant accounting policies and business practices, refer to the consolidated annual report on Form 10-K filed with the Securities and Exchange Commission on March 8, 2019. The results of operations for three months ended March 31, 2019 are not necessarily indicative of results expected for the full fiscal year. In the opinion of management, these condensed consolidated financial statements contain all adjustments necessary to present fairly the Company's condensed consolidated statements of operations and comprehensive income for the three months ended March 31, 2019 and March 31, 2018, condensed consolidated balance sheets as of March 31, 2019 and December 31, 2018, condensed consolidated statements of cash flows for the three months ended March 31, 2019 and March 31, 2018, and condensed consolidated statement of equity as of March 31, 2019 and March 31, 2018. All such adjustments represent normal recurring items.

All intercompany accounts and transactions have been eliminated upon consolidation.
Recently Adopted Accounting Pronouncements
Recently Adopted Accounting Pronouncements

Leases. In February 2016, the Financial Accounting Standards Board's ("FASB") issued Accounting Standards Update ("ASU") No. 2016-02, Leases (Topic 842) as modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The Company adopted the standard effective January 1, 2019. We have elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we have elected to apply several of the practical expedients in conjunction with accounting policy elections.
Accounting Pronouncements Not Yet Adopted
Accounting Pronouncements Not Yet Adopted

Intangibles-Goodwill and Other. In August 2018, the FASB issued ASU No. 2018-15, Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract based on a consensus of the FASB’s Emerging Issues Task Force (EITF) that requires implementation costs incurred by customers in cloud computing arrangements (CCAs) to be deferred and recognized over the term of the arrangement, if those costs would be capitalized by the customer in a software licensing arrangement under the internal-use software guidance in ASC 350-40, “Intangibles-Goodwill and Other-Internal-Use Software”. The ASU does not affect the accounting by cloud service providers, other software vendors or customers’ accounting for software licensing arrangements. The ASU will require companies to recognize deferred implementation costs to expense over the ‘term of the hosting arrangement’. Under the ASU, the term of the hosting arrangement comprises the noncancellable period of the CCA plus any optional renewal periods that are reasonably certain to be exercised by the customer or for which exercise of the option is controlled by the vendor. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, and we will continue to assess the standard and make a determination later.

Fair Value Measurement. In August 2018, the FASB issued ASU 2018-13: Fair Value Measurement: Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement which eliminates, adds and modifies certain disclosure requirements for fair value measurements as part of its disclosure framework project. Entities will no longer be required to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, but public companies will be required to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The guidance is effective for all entities for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years, but entities are permitted to early adopt either the entire standard or only the provisions that eliminate or modify the disclosure requirements. The new standard will not have an impact on our results of operations, but it will significantly modify our disclosures around fair value measurements.

Financial Instruments – Credit Losses. In June 2016, the FASB issued ASU 2016-13: Financial Instruments – Credit Losses, which replaces the incurred loss impairment methodology in current US GAAP with a methodology that reflects expected credit losses. The update is intended to provide financial statement users with more useful information about expected credit losses. The amended guidance is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. We are currently evaluating the effect, if any, that the guidance will have on the Company's Consolidated Financial Statements and related disclosures.
Leases
LEASES

In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which was modified by subsequently issued ASUs 2018-01, 2018-10, 2018-11 and 2018-20. The update requires organizations that lease assets ("lessees") to recognize the assets and liabilities of the rights and obligations created by leases with terms of more than 12 months. The recognition, measurement and presentation of expenses and cash flows arising from a lease by a lessee remains dependent on its classification as a finance or operating lease. The criteria for determining whether a lease is a finance or operating lease was not significantly changed by this ASU. The ASU also requires additional disclosure of the amount, timing, and uncertainty of cash flows arising from leases, including qualitative and quantitative requirements. This pronouncement was effective for financial statements issued for annual periods beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption was permitted.

In July 2018, the FASB issued ASU No. 2018-11, Leases: Targeted Improvements (Topic 842). ASU 2018-11 provided additional relief in the comparative reporting requirements for initial adoption of ASC 842. Prior to ASU 2018-11, a modified retrospective transition was required for financing or operating leases existing at or entered into after the beginning of the earliest comparative period presented in the financial statements. ASU 2018-11 provided an additional transition method to the existing transition method by allowing entities to initially apply the new leases standard at the adoption date (such as January 1, 2019, for calendar year-end public business entities) and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption without adjustment to the financial statements for periods prior to adoption.

The Company adopted the standard effective January 1, 2019. We elected to apply the current period transition approach as introduced by ASU 2018-11 for our transition at January 1, 2019 and we elected to apply the following practical expedients and accounting policy decisions.

We elected a package of transition expedients that allowed us to forgo reassessing certain conclusions reached under ASC 840 which must be elected together. All expedients in this package were applied together for all leases that commenced before the effective date, January 1, 2019, of ASC 842. As a result, in transitioning to ASC 842, for existing leases as of 1/1/2019, we continued to use judgments made under ASC 840 related to embedded leases, lease classification and accounting for initial direct costs. We generally have four classes of leased assets : Real Estate related properties (such as office space, warehouses, distribution centers and land), Automobiles, Office Equipment and Manufacturing Equipment and do not utilize finance leases.

In addition, we have chosen, as an accounting policy election by class of underlying asset, not to separate nonlease components from the associated lease for all of our leased asset classes, except for Real Estate related leases. As a result, for classes of Automobiles, Office Equipment and Manufacturing Equipment, we account for each separate lease component and the nonlease components associated with that lease as a single lease component.

For short-term leases as defined under ASC 842, we elected the short-term lease exception pursuant to ASC 842 to all classes of our leased assets. We do not recognize a lease liability or a right of use asset on our consolidated balance sheets for our leased assets with an original lease term of twelve months or less. Instead, we recognize the lease payments in profit or loss on a straight-line basis over the lease term and variable lease payments in the period in which the obligation for those payments is incurred and disclose in the notes to the consolidated financial statements our short-term lease expense.

The new standard did have a material impact on our consolidated balance sheets related to recording right-of-use assets and the corresponding lease liabilities for our inventory of operating leases. In January 2019, we recorded a ROU Asset and total lease liability obligations of approximately $72 million, each. The new standard did not have a material impact on our consolidated statements of operations and had no impact on cash flows.

We lease office space, warehouses, land, automobiles, and office and manufacturing equipment. All of our leases are classified as operating leases.

Our leases have remaining lease terms of 1 month to 12 years, some of which include options to extend the leases for up to 14 years. The exercise of lease renewal options is at our sole discretion. Our lease agreements do not include options to purchase the leased property.
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES (Tables)
 3 Months Ended
Mar. 31, 2019
Leases [Abstract]  
Schedule of Lease Expenses, Supplemental Cash Flow and Balance Sheet Information and Lease Term and Discount Rate
Lease term and discount rate
 
March 31, 2019
Weighted average remaining lease term (years)
 
 
  Operating lease
 
5.06
Weighted average discount rate
 
 
  Operating lease
 
7.3%
The lease expenses were as follows (in thousands):

 
 
 
 
Three Months Ended
March 31,
Lease cost
 
Classification
 
2019
Short-term lease expense
 
SG&A expenses(*)
 
$
269

Other operating lease cost
 
SG&A expenses(*)
 
5,832

Total operating lease cost
 
 
 
$
6,101

(*) Manufacturing equipment and some vehicle rental expenses are included in the cost of sales.


Supplemental cash flow information related to leases was as follows (in thousands):

 
 
Three Months Ended
March 31,
Lease
 
2019
Cash paid for amounts included in the measurement of lease liabilities:
 
 
     Operating cash flows from operating leases
 
$
4,513

Right-of-use assets obtained in exchange for lease liabilities
 
 
     Operating leases
 
$
2,935
Schedule of Supplemental Balance Sheet Information
Supplemental balance sheet information related to leases was as follows (in thousand):

Lease
 
Classification
 
Impact of ASC 842 Transition
 
Leases commenced during the quarter
 
Payments, amortization and terminations
 
As of March 31, 2019
Assets
 
 
 
 
 
 
 
 
 
 
   Operating
 
Operating lease right-of-use assets
 
$
72,679

 
$
2,935

 
$
(4,763
)
 
$
70,851

 
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
   Current operating
 
Short-term operating lease liabilities
 
18,762

 
678

 
(1,780
)
(*) 
17,660

   Non-current operating
 
Long-term operating lease liabilities
 
53,654

 
2,256

 
(2,917
)
 
52,993

Total operating lease liabilities
 
 
 
$
72,416

 
$
2,934

 
$
(4,697
)
 
$
70,653


Note: As most of our leases do not provide an implicit rate, we use our incremental borrowing rate associated with secured debt based on the information available at the commencement date in determining the present value of lease payments for leases commenced on or after January 1, 2019. We used our incremental borrowing rate as of the transition date of January 1, 2019 for operating leases that commenced prior to transition to ASC 842.

(*) Amount is net of the reclassification of long-term liability to short-term lease liability as of March 31, 2019.
Schedule of Maturity of Lease Liabilities
Maturities of lease liabilities were as follows (in thousands):
Year Ending December 31,
 
Operating leases (*)
2019 (excluding 3 months ended 3/31/2019)
 
$
16,884

2020
 
19,360

2021
 
16,061

2022
 
12,034

2023
 
7,119

Thereafter
 
13,359

Total lease payments
 
$
84,817

Less: imputed interest
 
14,164

Present value of lease liabilities
 
$
70,653
Schedule of Contractual Obligations Related to Operating Leases Under ASC 840
Contractual obligations related to operating leases as of December 31, 2018, under ASC 840 (in thousands):

 
 
Payments due by period
 
 
Less than 1 year
 
1-3 years
 
3-5 years
 
More than 5 years
 
Total
Operating lease obligations
 
$
22,096

 
$
33,825

 
$
18,379

 
$
11,022

 
$
85,322
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Reconciliation of the Beginning and Ending Balance and Gains or Losses Recognized
For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the three months ended March 31, 2019:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
 
Contingent Liability for Accrued Consideration
 
(in thousands)
Beginning balance at December 31, 2018
$
4,319

Acquisitions and settlements
 
Acquisitions
—

Settlements
(1,500
)
Total remeasurement adjustments:
 
Changes in fair value recorded in profit and loss
33

*Ending Balance at March 31, 2019
$
2,852

 
 
The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019.
$
33

 
 

* Included in other current and long-term liabilities
 
Schedule of Quantitative Information About Level 3 Fair Value Measurements
The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:
(in thousands, unaudited)
Fair value at March 31, 2019
Valuation Technique
Significant Unobservable
Inputs
Contingent consideration:
(ASI acquisition)
$
2,852

Discounted cash flow
Annualized EBITDA and probability of achievement
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.19.1
INVENTORIES (Tables)
 3 Months Ended
Mar. 31, 2019
Inventory Disclosure [Abstract]  
Schedule of Carrying Values of Inventories
The carrying values of inventories are as follows (in thousands):
 
March 31, 2019
 
December 31, 2018
Finished goods
$
105,448

 
$
110,182

Work in process
28,613

 
17,344

Obsolescence reserve
(12,307
)
 
(12,696
)
Inventories
$
121,754

 
$
114,830
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.1
COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Tables)
 3 Months Ended
Mar. 31, 2019
Contractors [Abstract]  
Schedule of Costs and Estimated Profits on Uncompleted Contracts
Costs and estimated profits on uncompleted contracts and related amounts billed were as follows (in thousands):

 
March 31, 2019
 
December 31, 2018
Costs incurred on uncompleted contracts
$
69,861

 
$
53,595

Estimated profits, thereon
8,744

 
6,847

Total
78,605

 
60,442

Less: billings to date
48,662

 
38,662

Net
$
29,943

 
$
21,780
Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets
Such amounts were included in the accompanying Condensed Consolidated Balance Sheets for March 31, 2019 and December 31, 2018 under the following captions (in thousands):

 
March 31, 2019
 
December 31, 2018
Costs and estimated profits in excess of billings
$
38,150

 
$
32,514

Billings in excess of costs and estimated profits
(8,207
)
 
(10,696
)
Translation adjustment
—

 
(38
)
Net
$
29,943

 
$
21,780
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.1
LONG-TERM DEBT (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Components of Company's Long-term Debt
The components of the Company's long-term debt consisted of the following (in thousands):

 
March 31, 2019
 
December 31, 2018
 
Carrying Value (1)
 
Fair Value
 
Carrying Value (1)
 
Fair Value
ABL Revolver
$
—

 
$
—

 
$
—

 
$
—

Term Loan B
246,250

 
249,944

 
246,875

 
245,949

Promissory note payable (2)
1,616

 
1,616

 
1,841

 
1,841

Total long-term debt
247,866

 
251,560

 
248,716

 
247,790

Less: current portion
(3,414
)
 
(3,451
)
 
(3,407
)
 
(3,398
)
Long-term debt less current maturities
$
244,452

 
$
248,109

 
$
245,309

 
$
244,392


(1) Carrying value amounts do not include unamortized debt issuance costs of $7.9 million and $8.3 million for March 31, 2019 and December 31, 2018, respectively.
(2) Note payable in monthly installments at 2.9% through January 2021, collateralized by equipment.

XML 37 R26.htm IDEA: XBRL DOCUMENT v3.19.1
EARNINGS PER SHARE DATA (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings per Share
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

 
Three Months Ended
March 31,
 
2019
 
2018
Basic:
 
 
 
Weighted average shares outstanding
17,566

 
17,901

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Convertible preferred stock dividend
23

 
23

Net income attributable to common shareholders
$
7,268

 
$
4,528

Per share amount
$
0.41

 
$
0.25

 
 
 
 
Diluted:
 
 
 
Weighted average shares outstanding
17,566

 
17,901

Assumed conversion of convertible preferred stock
840

 
840

Total dilutive shares
18,406

 
18,741

Net income attributable to common shareholders
$
7,268

 
$
4,528

Convertible preferred stock dividend
23

 
23

Net income attributable to DXP Enterprises, Inc.
$
7,291

 
$
4,551

Per share amount
$
0.40

 
$
0.24
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENT REPORTING (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of Financial Information Regarding Company's Segments
The following table sets out financial information related to the Company's segments excluding amortization (in thousands):

Three Months Ended March 31, 2019
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
171,668

 
$
—

 
$
46,385

 
$
218,053

Inventory management services (recognized over contract life)
—

 
—

 
3,938

 
3,938

Staffing services (day-rate basis)
14,511

 
—

 
—

 
14,511

Customized pump production (recognized over time)
—

 
74,723

 
—

 
74,723

Total Revenue
$
186,179

 
$
74,723

 
$
50,323

 
$
311,225

Income from operations
$
18,980

 
$
6,799

 
$
4,086

 
$
29,865



Three Months Ended March 31, 2018
 
SC
 
IPS
 
SCS
 
Total
Product sales (recognized at a point in time)
$
160,544

 
$
—

 
$
39,702

 
$
200,246

Inventory management services (recognized over contract life)
—

 
—

 
3,230

 
3,230

Staffing services (day-rate basis)
14,818

 
—

 
—

 
14,818

Customized pump production (recognized over time)
—

 
67,642

 
—

 
67,642

Total Revenue
$
175,362

 
$
67,642

 
$
42,932

 
$
285,936

Income from operations
$
15,830

 
$
6,382

 
$
4,054

 
$
26,266
Schedule of Reconciliation of Operating Income for Reportable Segments to Consolidated Income Before Taxes
The following table presents reconciliations of operating income for reportable segments to the consolidated income before taxes (in thousands):
 
Three Months Ended
March 31,
 
2019
 
2018
Operating income for reportable segments
$
29,865

 
$
26,266

Adjustment for:
 
 
 
Amortization of intangible assets
3,814

 
4,358

Corporate expenses
11,235

 
10,759

Income from operations
$
14,816

 
$
11,149

Interest expense
5,040

 
5,041

Other income, net
(33
)
 
(22
)
Income before income taxes
$
9,809

 
$
6,130
Schedule of Company's Identifiable Assets by Segments
The Company's identifiable assets by segments are as follows (in thousands):

 
As of March 31, 2019
 
As of December 31, 2018
Service Centers
$
460,604

 
$
402,944

Innovative Pumping Solutions
209,742

 
188,765

Supply Chain Services
59,725

 
53,517

Total Identifiable Assets
$
730,071

 
$
645,226
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.1
THE COMPANY (Details)
 3 Months Ended
Mar. 31, 2019
segment
THE COMPANY [Abstract]  
Number of business segments 3
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Narrative (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
USD ($)
asset_class
Jan. 01, 2019
USD ($)
Dec. 31, 2018
USD ($)
Lessee, Lease, Description [Line Items]      
Number of classes of leased assets-real estate properties | asset_class 4    
Operating lease right-of-use assets $ 70,851 $ 72,679 $ 0
Operating lease liabilities $ 70,653 72,416  
Remaining lease term 5 years 22 days    
Lease extension period 14 years    
Chief Executive Officer      
Lessee, Lease, Description [Line Items]      
Operating lease expense $ 550    
ASU 2016-02      
Lessee, Lease, Description [Line Items]      
Operating lease right-of-use assets   72,000  
Operating lease liabilities   $ 72,000  
Minimum      
Lessee, Lease, Description [Line Items]      
Remaining lease term 1 month    
Maximum      
Lessee, Lease, Description [Line Items]      
Remaining lease term 12 years    
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Lease Expense (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
USD ($)
Leases [Abstract]  
Short-term lease expense $ 269
Other operating lease cost 5,832
Total operating lease cost $ 6,101
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Supplemental Cash Flow Information (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
USD ($)
Leases [Abstract]  
Operating cash flows from operating leases $ 4,513
Right-of-use assets obtained in exchange for lease liabilities $ 2,935
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Supplemental Balance Sheet Information (Details)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
USD ($)
Assets  
Operating lease right-of-use assets, Impact of ASC 842 Transition $ 0
Operating lease right-of-use assets, As of March 31, 2019 70,851
Liabilities  
Short-term operating lease liability, Impact of ASC 842 Transition 0
Short-term operating lease liability, As of March 31, 2019 17,660
Long-term operating lease liability, Impact of ASC 842 Transition 0
Long-term operating lease liability. As of March 31, 2019 52,993
Total operating lease liabilities, As of March 31, 2019 70,653
Impact of ASC 842 Transition  
Assets  
Leases commenced during the quarter 2,935
Payments, amortization and terminations (4,763)
Liabilities  
Leases commenced during the quarter 678
Payments, amortization and terminations (1,780)
Leases commenced during the quarter 2,256
Payments, amortization and terminations (2,917)
Leases commenced during the quarter 2,934
Payments, amortization and terminations $ (4,697)
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Maturity of Lease Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Jan. 01, 2019
Leases [Abstract]    
2019 (excluding 3 months ended 3/31/2019) $ 16,884  
2020 19,360  
2021 16,061  
2022 12,034  
2023 7,119  
Thereafter 13,359  
Total lease payments 84,817  
Less: imputed interest 14,164  
Present value of lease liabilities 70,653 $ 72,416
Minimum lease payments for leases signed but not yet commenced $ 250  
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Contractual Obligations Related to Operating Leases Under ASC 840 (Details)
$ in Thousands
Dec. 31, 2018
USD ($)
Leases [Abstract]  
Less than 1 year $ 22,096
1-3 years 33,825
3-5 years 18,379
More than 5 years 11,022
Total $ 85,322
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.19.1
LEASES - Lease Term and Discount Rate (Details)
Mar. 31, 2019
Leases [Abstract]  
Weighted average remaining lease term, operating lease 5 years 22 days
Weighted average discount rate, operating lease 7.30%
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Narrative (Details)
$ in Thousands
Mar. 31, 2019
USD ($)
Valuation Technique, Discounted Cash Flow | Fair Value, Inputs, Level 3 | Annualized EBITDA and probability of achievement  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Liability for contingent consideration $ 2,852
Discount rate 0.073
ASI | Other Current and Long-term Liabilities  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Liability for contingent consideration $ 2,900
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Reconciliation of Beginning and Ending Balances (Details) - Fair Value, Measurements, Recurring - Fair Value, Inputs, Level 3 - Contingent Consideration Liability
$ in Thousands
 3 Months Ended
Mar. 31, 2019
USD ($)
Contingent Liability for Accrued Consideration  
Beginning balance at December 31, 2018 $ 4,319
Acquisitions and settlements  
Acquisitions 0
Settlements (1,500)
Total remeasurement adjustments:  
Changes in fair value recorded in profit and loss 33
Ending Balance at March 31, 2019 2,852
The amount of total losses for the quarter included in earnings or changes to net assets, attributable to changes in unrealized losses relating to liabilities still held at March 31, 2019. $ 33
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.19.1
FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Quantitative Information About Level 3 (Details)
$ in Thousands
Mar. 31, 2019
USD ($)
Fair Value, Inputs, Level 3 | Valuation Technique, Discounted Cash Flow | Annualized EBITDA and probability of achievement  
Fair Value Measurement Inputs and Valuation Techniques [Abstract]  
Contingent consideration: (ASI acquisition) $ 2,852
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.19.1
INVENTORIES (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Inventory Disclosure [Abstract]    
Finished goods $ 105,448 $ 110,182
Work in process 28,613 17,344
Obsolescence reserve (12,307) (12,696)
Inventories $ 121,754 $ 114,830
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.19.1
COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Schedule of costs and estimated earnings on uncompleted contracts [Abstract]    
Costs incurred on uncompleted contracts $ 69,861 $ 53,595
Estimated profits, thereon 8,744 6,847
Total 78,605 60,442
Less: billings to date 48,662 38,662
Net 29,943 21,780
Schedule of Costs and Estimated Earnings on Uncompleted Contracts Included in Condensed Consolidated Balance Sheets [Abstract]    
Costs and estimated profits in excess of billings 38,150 32,514
Billings in excess of costs and estimated profits (8,207) (10,696)
Translation adjustment 0 (38)
Net 29,943 $ 21,780
Balances previously classified as contract liabilities at the beginning of the period that have shipped $ 8,300  
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.19.1
INCOME TAXES (Details)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Tax Disclosure [Abstract]    
Effective income tax rate from continuing operations 26.70% 26.70%
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.19.1
LONG-TERM DEBT (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Borrowings [Abstract]    
Less: current portion $ (3,414) $ (3,407)
Long-term debt less current maturities 236,591 236,979
Unamortized debt issuance costs $ 7,900 $ 8,300
Promissory note payable    
Borrowings [Abstract]    
Interest rate 2.90% 2.90%
Carrying Value    
Borrowings [Abstract]    
Total long-term debt $ 247,866 $ 248,716
Less: current portion (3,414) (3,407)
Long-term debt less current maturities 244,452 245,309
Carrying Value | ABL Revolver    
Borrowings [Abstract]    
Total long-term debt 0 0
Carrying Value | Term Loan B    
Borrowings [Abstract]    
Total long-term debt 246,250 246,875
Carrying Value | Promissory note payable    
Borrowings [Abstract]    
Total long-term debt 1,616 1,841
Fair Value    
Borrowings [Abstract]    
Total long-term debt 251,560 247,790
Less: current portion (3,451) (3,398)
Long-term debt less current maturities 248,109 244,392
Fair Value | ABL Revolver    
Borrowings [Abstract]    
Total long-term debt 0 0
Fair Value | Term Loan B    
Borrowings [Abstract]    
Total long-term debt 249,944 245,949
Fair Value | Promissory note payable    
Borrowings [Abstract]    
Total long-term debt $ 1,616 $ 1,841
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.19.1
EARNINGS PER SHARE DATA (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Basic:    
Weighted average shares outstanding (in shares) 17,566 17,901
Net income attributable to DXP Enterprises, Inc. $ 7,291 $ 4,551
Convertible preferred stock dividend 23 23
Net income attributable to common shareholders $ 7,268 $ 4,528
Per share amount (in dollars per share) $ 0.41 $ 0.25
Diluted:    
Weighted average shares outstanding (in shares) 17,566 17,901
Assumed conversion of convertible preferred stock (in shares) 840 840
Total dilutive shares (in shares) 18,406 18,741
Net income attributable to common shareholders $ 7,268 $ 4,528
Net income attributable to DXP Enterprises, Inc. $ 7,291 $ 4,551
Per share amount (in dollars per share) $ 0.40 $ 0.24
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENT REPORTING - Financial Information of Company's Segments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue $ 311,225 $ 285,936
Income from operations 29,865 26,266
Product Sales | Fixed-price Contract | Transferred at Point in Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 218,053 200,246
Inventory Management Services | Fixed-price Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 3,938 3,230
Staffing Services | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 14,511 14,818
Customized Pump Production | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 74,723 67,642
SC    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 186,179 175,362
Income from operations 18,980 15,830
SC | Product Sales | Fixed-price Contract | Transferred at Point in Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 171,668 160,544
SC | Inventory Management Services | Fixed-price Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 0 0
SC | Staffing Services | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 14,511 14,818
SC | Customized Pump Production | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 0 0
IPS    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 74,723 67,642
Income from operations 6,799 6,382
IPS | Product Sales | Fixed-price Contract | Transferred at Point in Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 0 0
IPS | Inventory Management Services | Fixed-price Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 0 0
IPS | Staffing Services | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 0 0
IPS | Customized Pump Production | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 74,723 67,642
SCS    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 50,323 42,932
Income from operations 4,086 4,054
SCS | Product Sales | Fixed-price Contract | Transferred at Point in Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 46,385 39,702
SCS | Inventory Management Services | Fixed-price Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 3,938 3,230
SCS | Staffing Services | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue 0 0
SCS | Customized Pump Production | Time-and-materials Contract | Transferred over Time    
Segment Reporting Information, Profit (Loss) [Abstract]    
Total Revenue $ 0 $ 0
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENT REPORTING - Reconciliation of Operating Income to Consolidated Income (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Adjustment for:    
Amortization of intangible assets $ 3,814 $ 4,358
Income from operations 14,816 11,149
Interest expense 5,040 5,041
Other income, net (33) (22)
Income before income taxes 9,809 6,130
Operating Segments    
Segment Reporting Information, Operating Income (Loss) [Abstract]    
Operating income for reportable segments 29,865 26,266
Segment Reconciling Items    
Adjustment for:    
Amortization of intangible assets 3,814 4,358
Corporate    
Adjustment for:    
Corporate expenses $ 11,235 $ 10,759
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.19.1
SEGMENT REPORTING - Identifiable Assets by Segments (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Segment Reporting Information [Line Items]    
Total Identifiable Assets $ 730,071 $ 645,226
Corporate    
Segment Reporting Information [Line Items]    
Total Identifiable Assets 45,100 54,700
Service Centers    
Segment Reporting Information [Line Items]    
Total Identifiable Assets 460,604 402,944
Innovative Pumping Solutions    
Segment Reporting Information [Line Items]    
Total Identifiable Assets 209,742 188,765
Supply Chain Services    
Segment Reporting Information [Line Items]    
Total Identifiable Assets $ 59,725 $ 53,517
EXCEL 58 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

I)M,-HL7#T" MZW>'L*_EYA> P4LJBSW:EQ[[#M-'_A0]?_ M2L2M;F5PXDKW*]M5KIPKJEV)GW3 E7YH3 M&K\I,5WHNAFX[+!3OQI=$-#UG MRC]02P,$% @ ^'ZH3@#Q$R:K P \P\ !@ !X;"]W;W)KQ.P\X[GM3$/GM7-M-^ZL]:]]Z.NFF[MG_O^\AP$W?ZL MZZ)[,A?=V'^.IJV+WC;;4]!=6ET^*AO] MVGK=M:Z+]K^MKLQM[8/_T?&U/)W[H2/8K"[%2?^E^[\OKZUM!?=1#F6MFZXT MC=?JX]I_@><=)D/ J/BGU+=N<>\-4WDSYMO0^/VP]L/!D:[TOA^&*.SE7>]T M50TC61_?YT']>\XA<'G_,?J7F^K<\].>UG_G>01^+:]5_-;?? M]#RAV/?FV?^AWW5EY8,3FV-OJF[\]?;7KC?U/(JU4A<_IFO9C-?;//Y'F!R M VSNSP*B.2#Z&:#&R4_.QJG^6O3%9M6:F]=.3^M2#)L"GB.[F/NAYX>HGH)N%N(N(F86DR93E"S'!5FB@5RUY2T4O*O2CB)659 MDCS*B&HGJ&+,'4\I$[UDW M9_FW&LH#*("%>!!6 / MSZH:K$G Q M!D0,O@!R-SEU@_R-39#B4E!!XF(,R,B$B+FASV [:QY>6T)(WVQ)%:<.,S)_@0-840 #1VN*.5 S7*7BV+6)9?X"!["B M ;.5J0O]^>:1R]0!BNHH%F7?(>1=3^B)G&60J M9'XD6QJKRL[;FVO3#U7)HO=>N;[@4&J1_JVM:*?Z\^RJ;SWDQO"[FQW#H:TVOK,GRR_LZV K\W*GWLA]O4WK=3&3HU>G.92^S@ M7N=O_@=02P,$% @ ^'ZH3DCYQP(V!0 EQL !@ !X;"]W;W)KNR"'%2^ 8J%44+= "BRW:/BNQ M$ALK6ZZDQ-M_7TEV#'OFT-V76%+.D(>WCR-J<6S:K]VFJOK9MUV][Q[GF[X_ M/&19][RI=F7WJ3E4^^$_+TV[*_OAMGW-ND-;E>LI:%=GI)3+=N5V/U\NIF>? MV^6B>>OK[;[ZW,ZZM]VN;/]=575S?)SK^<>#+]O733\^R):+0_E:_5'U?QX^ MM\-==BEEO=U5^V[;[&=M]?(X_U$_%#:. 9/BKVUU[*ZN9V-3GIKFZWCSZ_IQ MKD9'55T]]V,1Y?#S7A5578\E#3[^.18<8%A =G(V-?6GLB^7B[8Y MSMK3:!W*<5+H!S-TYO/X<.J[Z7]#:[OAZ?LR-XOL?2SG+%F=)'0EH5M%(16Y MO4BRH?Z+"8(F:(HWU_$YCCL4:<)&Z2[">)44XQ52%55AF5:(N% M7JSTXIF7DR2_JD43[U*I(9WHDQSZR*6/P'SDTD?TY)C= LETH(C=..C&23>1 MN7&@5[2_FD@G-T"F;3 *N_'0C1=NG&)NO*C&!)TS50%4E.O$? G02Y!>-/,2 M1"UY'ODH29&-)F G$3J)T@F;E:LH*N$](A71)<9&*TPD)7T()"G9\='8R-"5,$DW& 0:TEBQTFL)6.]SZ_'X.Q'ZER,T:7F#H:Q]F+W]ZD> MQ@C5DJ&>,U1+/AJKQ?)$JN3>LY3 MDIS4+@0."R C33Z1EQ"F*4F:>DY3DI@T020F2$646 ^42#TE2SUG*4E&!KD: M@$HK=[4EW=K!("4)4L]!2HB0W(S4)-8488*2)*CG!"60R'HG9C&0I;Q@@I(D MJ.<$) MT9),5LFX//(-#^NB3_419C)))@?.9 *)+<5HN"$I2\T?3&221.9H6Q$@<@C< MB111T(F.,1C'1N(X2*= M#=;HA",,9".!'#B0C42M'187B==YJ3-1#UE>PE'B=$$R.8CC!:#A3+ZON76" MH6RL2)5"JBT8I4:B-'!T&<1(,=CW1;=>,$:-Q&CDT#((H\Z)+!WK=.I%SV", M&HE1CL>5D7C4WBO%J85T T5-ZF +8]1(C$:.+B/Y^(,..7\E+* N7I_WW#K" M,#42IIS8*R,Y:71.?),LD$ZY8!-SVF*B6DE4SJ:5!0FN4>+0#:BL2F1P%A/5 M2J+R%[F5!8FK=CG?( ND4X%2AZL6$]5*HO*#DI65I(2O?$!W[Y7/8J):2<*8 MF(4V<Y]8$I: $%Q7P!=.,^[DEN?6#V6<"^ M1&9C,:ML^/XQP6RQ@"UB3$X:=T-ZWAEW-2]E^[K==[.GIN^; MW?1)Y*5I^FHH3WT:NG53E>O+35V]]..E'Z[;TZ>BTTW?',Z?P;++M[CE?U!+ M P04 " #X?JA.XJR;,F6-,^R[3-M:36/B@-:G_W[ M 5JC>/K2#Q7POH_7X2"8M)2]\YP087U49V[$TH1=1%C79,8M?J@JS?UM2TG9C M(_LV\%:<KB0C9:DB28Z_?5![>*8RCMNWZ%]T M\C*9/>8DH^6?XBCRC;VTK2,YX4LIWFC[E?0)A;;59_^=7$DIY8I$/N- 2Z[_ MK<.%"UKU421*A3^Z:U'K:]O=B5>]#39XO<$;#"AX:/![@V\8G(Y,I_H9"YPF MC+86ZZK58+4HT-J7DWE0@WKN]#V9+9>CUQ2Y;N)<5:!>L^TTWDCC31797!$& M@\21 .%!U)XVN^/_2'L]T&_K_W!) MD9-%I(JVI;YDNC5PS2(6\"(8)0)A@ MELQR"?M#T!\"R1@3ONTT\0C379@99T]$$Y0(1(D %-] Z33A=%Z[G\'SBG(" M%8-0,0 5&%#Q_%%QX(<(Q083*)057\4PTA)$6LZ0[OE7H'_U\I)!+OP:N\"D MA.9[[,X7M_DB/Y),0>[L)P@ B4P0=&\EF#C/A5,H>'M!WKP^JSL1X T&^:]7 M"-X54/!*A8+G%7HDF8+ VPN"]I=9A<)7*_1^^[V?>J/+;W\WW7G>ZBJ-WN?56TG^J3 M/_;_>:Z;JNCZQ^8E:D^-+W9CHZJ,*(Z3J"H.Q_EJ.;Y[;%;+^K4K#T?_V,S: MUZHJFG_7OJS/]W,S?W_Q]?"R[X87T6IY*E[\'[[[\_38]$_1-ZB/ ML\8_W\\?S-W&C@U&Q5\'?VYOOL^&H3S5];?AX=?=_3P>'/G2;[LA1-%_O/F- M+\LA4N_CGRGH_-KGT/#V^WOT+^/@^\$\%:W?U.7?AUVWOY]G\]G./Q>O9?>U M/O_BIP&Y^6P:_6_^S9>]?'#2][&MRW;\.]N^MEU=35%Z*U7Q_?)Y.(Z?YRG^ M>S/<@*8&=&W0]_VS!CPUX!\-[#CXB[-QJ)^+KE@MF_H\:RZK=2J&I#!WW$_F M=G@YSMWXOWZT;?_V;67B=!F]#8$FS?JBH5O-51'UT:]=$.IB3:HY?>Q@ Q0Y M[H'A('ALSQ\&D>$ %@:P8P![$\ *C^N+)!DEQU&24F[$0+3(.A>8+ >=..7$ MQ+FP MCX$9EIL_UHF4"2] $U@?$Z"0 4ZL=&)4+TXYT9HLQ!(#3$J#6)E* 2&I0&T)$E^ MHTFX<#&KZ=4RSAT'_&!B&HW,1-G1-%RXA%3J 5F6V$#R$:8F:6HZ>4(3@&:2 MJ7(!R?+;^NNC'\Q. NPD>;J1YB)SEDL_6I7D@>PA3$\"])29OB;-Q;Y@D\D# M5(LD#Y6>&*"D 9I*EI-FXX*<.G"1+ V@@C!$24,T4W.C\;BP::921\L"0"?, M4 (,)A Y,Q0!F4G1+5:P9H M))('ZP;)^CJ, @AEC% V(/="OT Q]QAPC^4QQ8!HF96KC56!K<"!7\2@<&1Y M*/#/BL+)"X >!S8V8^@QJ!Q94H\!]0SGDL% %M@(C*G'@'JR6%XSP)E$X^9_ M1!_-8.2QKAP-RU\]#*I"J^8%B%PH8S \&CFEK/RS7B^='VBX)17OU^9N<[DZ_A'F]&\'([M[*GNNKH:;TJ? MZ[KSOU_LK@^E?^Z&KVG_O;G<(%\>NOHTW8Y'UROZU7]02P,$% M @ ^'ZH3E"VWG/) P <1$ !@ !X;"]W;W)KTT3IT&'CRS0YNR_7P,^ M:9B9T-Z$CSSOS'AL>('YN:I_-$=C6N]GD9?-PC^V[>DN")K=T11I\ZTZF=+^ M5.0!#T,5%&E6^LMY?^ZY7LZKMS;/2O-<>\U;4:3U M?RN35^>%S_Q?)[YGK\>V.Q$LYZ?TU?QIVK].S[4]"BY1]EEARB:K2J\VAX7_ M&[M[8KH3],3?F3DW5_M>-Y27JOK1'3SM%W[8561RLVN[$*G=O)NUR?,NDJWC M7Q?4O^3LA-?[OZ)O^\';P;RDC5E7^3_9OCTN?.U[>W-(W_+V>W5^-&Y TO?< MZ'\W[R:W>%>)S;&K\J;_]79O35L5+HHMI4A_#MNL[+?GX1^5.!DMX$[ +P+& M)@7""<2'0$P*(B>(/@1J4B"=0'X(]*1 .8&Z"+B<%,1.$'\(^*1 .X'^:H;$ M"1(@"(;YZQ?$)FW3Y;RNSEX]K.E3VETZ["ZQ2V[7G>Q76/^?71.-/?N^9%$X M#]Z[0(Y9#0P?,6S,K"F&CYD-Q8@QXTE* 3U:#E?P-#,J1)*%2%R(A)>D1$EBH,=8:3Q8$<,KXA-H5$E"5I+@2N#\)RA) M%,&6W!.0A!.XQ=!,WJB6A;2%A,04@JMBY:#K/#R.> CO<@2';W,4)".ED)D0 MG- Q ]W<$IR$T ,!V5N=5AKPY0VFL&7#(K0F. MZ#D!2<62$/::3ILYXU_W&$:[ M%!-?+3!'W)X(2"H%5] ]&2P.0P&[0' "3R^F9DQ+ MA5XUB&CP]D0- #0]N'JKZSY&_)'6KUG9>"]5:U\0^]>X0U6UQL8+O]D)/)IT M?SG(S:'M=F.[7P\? 8:#MCJY#QS!Y2O+\G]02P,$% @ ^'ZH3L#QVF&T M 0 T@, !@ !X;"]W;W)KW<NC@Q59)QKX OYK=[;!8C-+ M)348)]$0"W5.'[;'TS[&IX!O$@:W.)-8R07Q-1H?JYQNHB!04/K((,)VA4=0 M*A(%&3\F3CJGC,#E^9W].=4>:KD(!X^HOLO*MSD]4%)!+7KE7W#X %,]MY1, MQ7^"*Z@0'I6$'"4JEU92]LZCGEB"%"W>QEV:M _C#=]-L'4 GP!\!AQ2'C8F M2LJ?A!=%9G$@=NQ])^(3;X\\]*:,SM2*=!?$N^"]%MO;NXQ=(]$4&PO=V]R:W-H965T&UL?5/;;IPP$/T5RQ\0L^QF MVZX *9NJ2J566J5J\NR% :SX0FRSI'_?L6$)2E%?\,QPSIF+Q]E@[(MK 3QY M4U*[G+;>=P?&7-F"XN[&=*#Q3VVLXAY=VS#76>!5)"G)TB39,\6%ID468R=; M9*;W4F@X6>)ZI;C], M)A;JG-YM#L==P$? DX#!+6P2.CD;\Q*<[U5.DU 02"A]4.!X7. >I Q"6,;K MI$GGE(&XM*_JWV+OV,N9.[@W\EE4OLWI9THJJ'DO_:,9'F#JYY:2J?D?< &) M\% )YBB-=/%+RMYYHR85+$7QM_$4.I[#I'^EK1/2B9!^(+ Q4:S\*_>\R*P9 MB!UGW_%PQ9M#BK,I0S".(O[#XAU&+\7F]DO&+D%HPAQ'3+K$S B&ZG.*="W% M,?V'GJ[3MZL5;B-]N\R^3]8%=JL"NRBP^V^+*YC]QR;98J8*;!.WR9'2]#IN M\B(Z+^Q=&N_D'3YN^T]N&Z$=.1N/-QOG7QOC 4M);G"%6GQ@LR.A]L'\A+8= MUVQTO.FF%\3F9US\!5!+ P04 " #X?JA._9!+0[0! #2 P & 'AL M+W=O( 7J=_WP$[KMM:>0%FF'/FS#!DH[$OK@7PY$U)[7+:>M\? M&'-E"TJX*].#QIO:6"4\FK9AKK<@J@A2DO'=[IHIT6E:9-%WLD5F!B\[#2=+ MW*"4L+^.(,V8TSU]=SQW3>N#@Q59+QKX!OY[?[)HL86EZA1HUQE-+-0YO=T? MCFF(CP$_.AC=ZDQ")6=C7H+Q5.5T%P2!A-('!H';!>Y RD"$,EYG3KJD#,#U M^9W](=:.M9R%@SLC?W:5;W-Z0TD%M1BD?S;C(\SU?*)D+OX+7$!B>%"".4HC M75Q).3AOU,R"4I1XF_9.QWV<;I)DAFT#^ S@"^ FYF%3HJC\7GA19-:,Q$Z] M[T5XXOV!8V_*X(RMB'<8N@6B..4XQ?!VS1#!D7U+PK11'_A^< M;\.3385)A"=_*4RV"=)-@C02I!^6N!63_I.$K7JJP#9QFAPIS:#C)*^\R\#> M\O@F?\*G:?\J;--I1\[&X\O&_M?&>$ INRL6 ^S 0 T@, !D !X;"]W;W)K M&UL?5-A;]L@$/TKB!]0$I*F461;:CI-F[1)4:=M MGXE]ME&!\P#'W;\?8-?S-FM?@#ONO7MW'-F ]L6U )Z\:F5<3EOONQ-CKFQ! M"W>''9AP4Z/5P@?3-LQU%D250%HQOMD:V%_ MGD'AD-,M?7,\RZ;UT<&*K!,-? '_M;O88+&9I9(:C)-HB(4ZIX_;TWD?XU/ M-PF#6YQ)K.2*^!*-CU5.-U$0*"A]9!!AN\$3*!6)@HP?$R>=4T;@\OS&_C[5 M'FJY"@=/J+[+RK43,5_@ANH$!Z5A!PE*I=64O;. MHYY8@A0M7L==FK0/T\UQ@JT#^ 3@,^"8\K Q45+^3GA19!8'8L?>=R(^\?;$ M0V_*Z$RM2'=!O O>6[$]W&?L%HFFF/,8PY&PO=V]R:W-H965T M6_>#$,^HGFV'8 C+TIJ6]#.N?[$F*TZ4-S>80_: MWS1H%'?>-"VSO0%>1Y"2+$V2>Z:XT+3,H^]BRAP')X6&BR%V4(J;GV>0.!9T M1U\=3Z+M7'"P,N]Y"U_ ?>TOQEML8:F% FT%:F*@*>C#[G3.0GP,^"9@M*LS M"95<$9^#\;$N:!($@83*!0;NMQL\@I2!R,OX,7/2)64 KL^O[.]C[;Z6*[?P MB/*[J%U7T",E-31\D.X)QP\PU_.&DKGX3W #Z<.#$I^C0FGC2JK!.E0SBY>B M^,NT"QWW<;K)#C-L&Y#.@'0!'&,>-B6*RM]QQ\OAR?>G5+?FRHX M8ROBG1=OO?=6[NZ/.;L%HCGF/,6DZY@E@GGV)46ZE>*<_@-/M^'[387["-__ MH?#M-D&V29!%@NR_)6[$')*_DK!53Q68-DZ3)14..D[RRKL,[$,:W^1W^#3M MG[EIA;;DBLZ_;.Q_@^C 2TGN_ AU_H,MAH3&A>/!G\TT9I/AL)]_$%N^&PO=V]R:W-H965TBK MXT$VK0L.5F2]:. [N!_]R7B++2R5U-!9B1TQ4.?T+CD<]R$^!OR4,-K5F81* MSHA/P?A2Y707!(&"T@4&X;<+W(-2@)XYZ9(R -?G5_9/L79?RUE8N$?U M*"O7YO26D@IJ,2CW@.-GF.OY0,E<_%>X@/+A08G/4:*R<27E8!WJF<5+T>)E MVF47]W&Z2?D,VP;P&< 7P&W,PZ9$4?E'X421&1R)F7K?B_#$R8'[WI3!&5L1 M[[QXZ[V7(KE),G8)1'/,<8KAZY@E@GGV)07?2G'D?\'Y-CS=5)A&>/I&X3\( M]IL$^TBP_V^)6S'INR1LU5,-IHG39$F)0Q>5=!O8N/B+[$SY-^S=A&ME9 M:%EGTG4R18>^DT' RQ/9* M4E)!S7OIGG%X@JF>/253\5_A M*'!R4^1XG2QI64O76H)A8O1?'W<1>'M(?&_*X(RMB'=>O/7> M2[&]23-V"413S'&,298Q.T?^.F$=J2,SK_ MLK'_-:(#+V5SY4>H]1]L-B34+AQO_-F,8S8:#KOI!['Y&Q&PO=V]R:W-H965T552VYRVSG5'QFS9@N+V!CO0_J9&H[CSIFF8[0SP M*H*49,EF\Y$I+C0MLN@[FR+#WDFAX6R([97BYM<)) XYW=(WQX-H6A<=B$^!CP*&.SB3$(E%\3G8'RMGJPK3"$__4'A8)]BM$NPBP>Z_ M):[%?/HK"5OT5(%IXC194F*OXR0OO// WB;Q3=[#QVG_SDTCM"47=/YE8_]K M1 =>RN;&CU#K/]AL2*A=..[]V8QC-AH.N^D'L?D;%[\!4$L#!!0 ( /A^ MJ$ZKS-]>LP$ -(# 9 >&PO=V]R:W-H965T[^?I3LNM[F]442 M*9[#0XI*!V.?70/@R:N2VF6T\;X[,.:*!I1P5Z8#C3>5L4IX-&W-7&=!E!&D M).-)MAI,EKE=*V%]'D&;(Z(:^.1[;NO'!P?*T$S5\ M!_^C.UFTV,Q2M@JT:XTF%JJ,WFX.QUV(CP$_6QCY RD"$,EXF3CJG#,#E^8W]/M:.M9R%@SLCG]K2-QG=4U)")7KI M'\WP %,]GRB9BO\*%Y 8'I1@CL)(%U=2],X;-;&@%"5>Q[W5<1_&&WXSP=8! M? +P&;"/>=B8*"K_++S(4VL&8L?>=R(\\>; L3=%<,96Q#L4[]![R3?[)&67 M0#3%',<8OHR9(QBRSRGX6HHC_P?.U^';587;"-_^H? _^7>K!+M(L/NPQ+68 MOU6R14\5V#I.DR.%Z769O1%$BF>PT.* MRD9C7UP+X,FKDMKEM/6^/S+FRA:4<'>F!XTWM;%*>#1MPUQO0501I"3CN]T[ MID2G:9%%W]D6F1F\[#2<+7L+^.H$T8T[W].9X[IK6!P>DKGXSW %B>%!">8HC71Q)>7@O%$S"TI1XG7:.QWW<;I);K!M )\!? $< M(H!-B:+R)^%%D5DS$COUOA?AB?='CKTI@S.V(MZA>(?>:[$_)!F[!J(YYC3% M\'7,$L&0?4G!MU*<^']PO@U/-A4F$9[\I3#=)D@W"=)(D+Y9XE;,_3])V*JG M"FP3I\F1T@PZ3O+*NPSL X]O\B=\FO8OPC:==N1B/+YL[']MC >4LKO#$6KQ M@RV&A-J'XWL\VVG,)L.;?OY!;/G&Q6]02P,$% @ ^'ZH3A9Y6-*U 0 MT@, !D !X;"]W;W)K&UL?5/;;MLP#/T501]0 M)4K:!H%MH&E1;, &!!VV/2LV;0O5Q9/DN/O[4;+K>9NQ%TFD> X/*2H;K'OU M+4 @;UH9G],VA.[(F"];T,+?V X,WM36:1'0= WSG0-1)9!6C&\V=TP+:6B1 M)=_9%9GM@Y(&SH[X7FOA?IY V2&G6_KN>)%-&Z*#%5DG&O@"X6MW=FBQF:62 M&HR7UA '=4X?ML?3/L:G@&\2!K\XDUC)Q=K7:'RL,P.7YG?TYU8ZU7(2'1ZN^RRJT.3U04D$M>A5>[/ !IGIN*9F* M_P174!@>E6".TBJ?5E+V/E@]L: 4+=[&79JT#^/-+9]@ZP ^ ?@,.*0\;$R4 ME#^)((K,V8&XL?>=B$^\/7+L31F=J17I#L5[]%Z+[>$N8]=(-,6/T_Y9N$8:3RXVX,NF_M?6!D IFQL&UL?5/M;ML@%'T5Q ,4AZ1; M$MF6FE;3)FU2U&GK;V)?VZC@ZP&.N[S6JM_@'LYY]P/+NF YMDV (Z\ M:-7:C#;.=4?&;-& %O8&.VC]385&"^=-4S/;&1!E)&G%>))\8EK(EN9I])U- MGF+OE&SA;(CMM1;F[PD4#AG=T%?'HZP;%QPL3SM1PT]PO[JS\1:;54JIH;42 M6V*@RNC=YGC:!7P$_)8PV,69A$HNB,_!^%9F- D)@8+"!07AMRO<@U)!R*?Q M9]*D<\A 7)Y?U;_$VGTM%V'A'M63+%V3T3TE)52B5^X1AZ\PU7-+R53\=[B" M\O"0B8]1H+)Q)45O'>I)Q:>BQ?4Y M!%\+<>+OZ'R=OEW-. MG_W9C&,V&@Z[Z0>Q^1OG_P!02P,$% @ ^'ZH3N$2/4*T 0 T@, !D M !X;"]W;W)K&UL?5/;;M0P$/T5RQ]0[WH#M*LD M4K<(@032JHCR[$TFB55?@NULRM\S=M(0(.+%]HSGG#DS'N>C=<^^ PCD12OC M"]J%T!\9\U4'6O@;VX/!F\8Z+0*:KF6^=R#J!-**\=WN+=-"&EKFR7=V96Z' MH*2!LR-^T%JXGR=0=BSHGKXZ'F7;A>A@9=Z+%KY"^-:?'5IL8:FE!N.E-<1! M4]#[_?&4Q?@4\"1A]*LSB95ZH+LH"!14(3((W*[P $I%(I3Q8^:D M2\H(7)]?V3^DVK&6B_#P8-5W68>NH+>4U-"(085'.WZ$N9XWE,S%?X8K* R/ M2C!'995/*ZD&'ZR>65"*%B_3+DW:Q^F&W\VP;0"? 7P!W*8\;$J4E+\7092Y MLR-Q4^][$9]X?^38FRHZ4RO2'8KWZ+V6^SN>LVLDFF-.4PQ?QRP1#-F7%'PK MQ8G_ ^?;\,.FPD."'_Y0>-@FR#8)LD20_;?$K9CLKR1LU5,-KDW3Y$EE!Y,F M>>5=!O:>IS?Y'3Y-^Q?A6FD\N=B +YOZWU@; *7L;G"$.OQ@BZ&@"?'X#L]N M&K/)"+:??Q!;OG'Y"U!+ P04 " #X?JA.NAK'F.(! !!0 &0 'AL M+W=O=U9Y*J^&MQV< M%=)7(9CZ\+.%02_6R%5RD?+%&5_*#&]<0L"A,(Z!V>D&C\"Y([)I_)XX\2SI M I?K-_9/OG9;RX5I>)3\5UN:)L,'C$JHV)6;9SE\AJF>/493\5_A!MS"7296 MHY!<^Q$55VVDF%AL*H*]CG/;^7D8=Z)H"@L'T"F S@$'KT-&(9_Y$S,L3Y4< MD!K/OF?NBK=':L^F<$Y_%'[/)J^M]Y9O[_E1C")&&1?5!D'R XK$1"F/NP M2!P4B=\1V.Y;B80P'UQ7$A1) @1T)1+"K.^$+)Z@ %7[YM.HD-?.-_["._?W M _5/^!]\_!R^,56WG487:6PC^.=:26G IK*YLZ?:V/]H-CA4QBT3NU9C5XZ& MD?WTX9#YU\O_ E!+ P04 " #X?JA.(XL91]T! !!0 &0 'AL+W=O M.9Y9I"9;)3J5;< !KT)WNL\=$UKG(,4V< :^ KFVW!6UB(+2]4)Z'4G>Z2@SO%3?#RE M#N\!WSL8]6J/7"47*5^=\:G*<>02 @ZE<0S,+C=X!LX=D4WCY\R)%TD7N-[? MV3_XVFTM%Z;A6?(?767:'#]B5$'-KMR\R/$CS/4<,)J+_PPWX!;N,K$:I>3: M?U%YU4:*F<6F(MC;M':]7\>9_QX6#J!S -T$D$G(9_Z>&59D2HY(37<_,/>+ MXR.U=U,ZI[\*?V:3U]9[*VBTS\C-$&UL;51A;]L@$/TKB!]08A*G761;:CI-F[1)4:>MGXE]ME'! M>(#C]M\/L..Y&5\"=W[WWCO@DHU*OYH6P*(W*3J3X];:_D"(*5N0S-RI'CKW MI59:,NM"W1#3:V!5*)*"T,UF3R3C'2ZRD#OI(E.#%;R#DT9FD)+I]R,(->8X MP=?$,V]:ZQ.DR'K6P$^PO_J3=A%96"HNH3-<=4A#G>/'Y'!,/3X ?G,8S6J/ M?"=GI5Y]\*W*\<8; @&E]0S,+1=X B$\D;/Q9^;$BZ0O7.^O[%]"[ZZ7,S/P MI,0+KVR;XP>,*JC9(.RS&K_"W$^*T=S\=[B <'#OQ&F42ICPB\K!6"5G%F=% MLK=IY5U8QYG_6A8OH',!O2D@DU!P_IE95F1:C4A/9]\S?\7)@;JS*7TR'$7X MYLP;E[T4--EFY.*)9LQQPM 5)ED0Q+$O$C0F<:3_E=-X^3;J?1NH'TPWO##HKZYY/N.1:*0O.RN;.>6G=%"^!@-KZ[;W;Z^DM M3X%5_3RF9/FO*/X"4$L#!!0 ( /A^J$Y;<=!AN $ -(# 9 >&PO M=V]R:W-H965T;,_XG#,7C_-1FR?; 3CT+(6R!>ZR5[D'YFT8;R9PW34ML;X#5D20%H4GRF4C&%2[SZ#N9,M>#$US!R2 [ M2,G,WR,(/18XQ:^.>]YV+CA(F?>LA0=PC_W)>(LL*C67H"S7"AEH"GR;'HY9 MP$? +PZC79U1J.2L]5,POM<%3D)"(*!R08'Y[0)W($00\FG\F37Q$C(0U^=7 M]:^Q=E_+F5FXT^(WKUU7X#U&-31L$.Y>C]]@KN<31G/Q/^ "PL-#)CY&I86- M*ZH&Z[2<57PJDCU/.U=Q'Z>;;#?3M@ET)M"%L(]QR!0H9OZ%.5;F1H_(3+WO M67CB]$!];ZK@C*V(=SYYZ[V7DJ;[G%R"T(PY3ABZPJ0+@GCU)03="G&D[^AT MF[[;S' 7Z;MU].L/!+)-@2P*9/^5>/.FQ T,3=X$(:N>2C!MG":+*CVH.,DK M[S*PMS2^R3_X-.T_F6FYLNBLG7_9V/]&:P<^E>3*CU#G/]AB"&A<.%[[LYG& M;#*<[N&PO M=V]R:W-H965TI="V0)WSO4' M0FS5@63V3O>@_)=&&\F<#TU+;&^ U9$D!:&;S2XS&/N9,I<#TYP!2># M[" E,W^.(/18X"V^)EYXV[F0(&7>LQ9^@/O9GXR/R*)2QN]9$R\E W&] MOZH_Q]Y]+V=FX5&+5UZ[KL"?,:JA88-P+WK\ G,_&49S\]_@ L+#@Q-?H]+" MQE]4#=9I.:MX*Y*]3RM7<1UG_2LM3: S@=X0R%0H.G]BCI6YT2,RT]GW+%SQ M]D#]V50A&8\B?O/FK<]>2DJW.;D$H1ESG#!TA?E $*^^E*"I$D?Z'YVFZ;ND MPUVD[];5[[.TP#XIL(\"^W]:I#E!Q7%;992H>:+SX#_@T4M^9:;FRZ*R=?S[QDANM'7@KFSOOI?-3O 0" M&A>V]WYOIK<\!4[W\YB2Y;^B_ M02P,$% @ ^'ZH3MDW1EBX 0 T@, M !D !X;"]W;W)K&UL=5/;;MLP#/T501]0Q4K: M!H%MH.DP=, &!!VV/BLV?4%U<24Y[OY^E.RZ;N>]2"+%E@[+-K #QY M55*[C#;>=P?&7-& $N[*=*#QIC)6"8^FK9GK+(@R@I1D?+.Y84JTFN9I])UL MGIK>RU;#R1+7*R7LGR-(,V0TH6^.Q[9N?'"P/.U$#3_!_^I.%BTVLY2M NU: MHXF%*J-WR>&X"_$QX'<+@UN<2:CD;,QS,+Z5&=V$A$!"X0.#P.T"]R!E(,(T M7B9..DL&X/+\QOXUUHZUG(6#>R.?VM(W&=U34D(E>ND?S? 4SW7E$S%?X<+ M2 P/F:!&8:2+*REZYXV:6# 5)5['O=5Q'\:;ZV2"K0/X!. S8!]UV"@4,_\B MO,A3:P9BQ]YW(CQQ,!4-EW 0 T@, M !D !X;"]W;W)K&UL;5/;;MP@$/T5Q <$+^NF MVY5M*9LJ:J5&6J5J^\S:8QL%C -XG?Q]!^RX5NH78(9SSEP8LM'89]<">/*J M5>=RVGK?'QES90M:N!O30X#1MPUQO0521I!7C27++M) =+;+H.]LB M,X-7LH.S)6[06MBW$R@SYG1'WQU/LFE]<+ BZT4#/\'_ZL\6+;:H5%)#YZ3I MB(4ZIW>[XRD-^ CX+6%TJS,)E5R,>0[&]RJG24@(%)0^* C)*RL%YHV<53$6+UVF77=S'Z>8VG6G;!#X3^$(XQ#AL"A0S_RJ\ M*#)K1F*GWO,)7D!D>HQ0^V& IJ M'XZ?\6RG,9L,;_KY!['E&Q=_ 5!+ P04 " #X?JA.3B?O_7P)W?E[N"$A""J=\GX'+,\ [?$J]MW1B7('G:LQJ^@_G1GY6-R*)2M@(ZW)]2@DU_X7%8,V4LPJMA3!/J:U[?PZSOHW6IA 9P+=$,ADY"M_9H;EJ9(C M4M/9]\S]Q;LCM6=3N*0_"O_-%J]M]IK3F*;DZH1FS&G"T!5FMR"(55\L:,CB M1/^CTS ]#E88>WJ\=O\4A07V08&]%]C_TV*\:3&$V8=-#D&30T#@L#$)89*P M21(T20("]QN3$.9A8T)6MT. JOU<:%3(H?,SNWZ"Y_F]AM3==MI M=)'&WE%_DRHI#=A2HCO;<&.?BB7@4!FWO;=[-0W,%!C9SV\!61ZD_ ]02P,$ M% @ ^'ZH3D1O1BN\ 0 T@, !D !X;"]W;W)K&UL;5/;;IPP$/T5RQ\0@V&;= 5(V515*[72*E739R\,%\47:ILE_?OZ M0@A->;$]XS-GSHS'Q:STL^D!+'H17)H2]]:.1T),W8-@YD:-(-U-J[1@UIFZ M(V;4P)H0)#BA2?*!"#9(7!7!=]95H2;+!PEGCAZZW MWD&J8F0=_ #[4_K [?F5_7.HW=5R808>%/\U-+8O M\1U&#;1LXO91S5]@J>> T5+\-[@"=W"OQ.6H%3=A1?5DK!(+BY,BV$OV=H1;ASXHWS M7BN:?2S(U1,MF%/$T TF71'$L:\IZ%Z*$_TOG.;)/D&VJS$+!-DV_^%VGR#? M)<@#0?Z/@O1=D1%S"!@9,-F[%&334P&Z"]-D4*TF&29YXUT']IZ&-WF#QVG_ MSG0W2(,NRKJ7#?UOE;+@A"0W3D/O/MAJ<&BM/]ZZLXYC%@VKQN4'D?4;5W\! M4$L#!!0 ( /A^J$Y3JR:/M@( *4* 9 >&PO=V]R:W-H965TN/B3>:,*>>]*FNY='.EFF>$9):SBLHGWK!: M_W/BHJ)*+\49R48P>C1!58F(YT6HHD7MKE*SMQ>KE%]46=1L+QQYJ2HJ?F]8 MR6]+%[L?&R_%.5?M!EJE#3VS[TS]:/9"K]# "G-KY-=I.)5SZ)3J>A[=RUJ<[UU_\2D#X,#2!] A@#_WP%^'^ / 5TW9P." M/B"P E!7BNG-CBJZ2@6_.:)[O UM3Q%^#G3WLW;3--O\I]LC]>YU10*2HFM+ MU&,V'8:,,'A (,T^2!!(8D,FX23P[R6V$":XQ^P@3 @GXH.U^H; OR.(8(( M) @,07!'$%O-ZC"AP=0&$\ 2(2@1 A*))=%AHI%$["4AMEH*H$@4+ZRF3E$> MG&X$IAL!Z5H2FPA(-PKM$Q!-^A:3 ,\\GAA,)IXF$WI6,A!FYC0GH$@"$-B& M@3 ^++( 118 P>35@((O0?C?@R=,-PYDCA,'WPQH30&U= Y M]$G+] M#;KA 0 H 0 !D !X;"]W;W)K&UL=53;;IPP M$/T5Q ?$8!9WNP*D;*JJE5IIE:KILQ=F <7&U#9+^O?UA1"Z<5^P9WSFG)G! MXV(6\EEU #IZX6Q09=QI/1X04G4'G*H[,<)@3BY"<(3,QEG,:OCL>^[;1UH*H8:0L_0/\< M3])8:&5I>@Z#ZL402;B4\7UZ.!*+=X"G'F:UV4>VDK,0S];XVI1Q8A,"!K6V M#-0L5W@ QBR12>/WPAFODC9PNW]E_^QJ-[6[*>!]'#5SHQ/2C MF+_ 4D\>1TOQW^ *S,!M)D:C%DRY;U1/2@N^L)A4.'WQ:S^X=?8GN_T2%@[ M2P!> ["OQ0NYS#]13:M"BCF2OO&>^UPB0MT-42 M+9BCQ^ -Y@V!#/LJ@4,21_PN'!,<)LB".6:.(-OJ$Q(FV 4)=HY@]T\&V4V1 M'D,<9E@P'\,B>5 D#XCL;D0\)M^(Y/OL/[T@01424,EO5,B[4DB:W/XRM+DA M'&3K9D-%M9@&-Y<;[SI^]]C=L#>XG]WO5+;]H**ST.:>NMMT$4*#R26Y,\5V MYKE8#087;; M= M@T)O@O M%YF/G521R='PKH>30GH4@JF_1^!RRG&$WP//7=,:%R!%-K &?H+Y-9R479&% MI>H$]+J3/5)0Y_@A.AP3A_> WQU,>C5'KI*SE"]N\:W*\*U_LKC!X+])L'>$^P_.+B]*C)@4H_I M/6:?1/&V2K*IDFRHW%VI))]4Z'V<7*F0U>4)4(U_MAJ5FOG*KSGL#!RF%N5 M+/^+XA]02P,$% @ ^'ZH3@N> R"] @ D H !D !X;"]W;W)K&ULE59A;YLP$/TKB.\I^ (&JB12TVG:I$VJ.G7[["9. M@@J8V4[2_?L90QG%9VG] K:Y>^_>P1.WN@KYHDZF"<'(6NFS58>(]5*SO8VJ:XBB&,:U:QLPLW*GCW(S4J<=54V_$$& MZES73/[9\DIR^-)=P?19M6R(__!]5/[(,TN&E'V95&(Z=J)2]!KNSTJ(>4$PI-7OM[V5C[]?^2;82T]D M*__$--NLI+@&LF]^R[IW3&[!]&;7'=I6V&>F>&5.+QN@Q2JZ=$!#S+:/@4D, M&2,B@SY2 $:Q!2<=*. 2[3&I0583@&R& =(4(#$ B3O ,A,9!]#;4QC8SP4 M*4J1(A0PH^ACT@E%%N>IIY<4I:%(*Y8X0(8"9$B=R:S.S*G3TXH;VB!V6%(K"\UJ(QX<$8$< 82H\$+@AR0<<27!+$L23>3S7FSAZH5BF'B+?=/*IO.?!+4H0C[I-<4VZ(%GN>\^X2PEB M4U>1ZU. E'I^,KA5 ;&J(PE&UL?97=CILP$(5?!?$ "[;!0$20NJFJ5FJE:*MNKYW$"6@!4]L)V[>O M;5A$8-*;^(>9\YV!>)SW0KZIDG/MO3=UJ[9^J76W"0)U+'G#U)/H>&N>G(5L MF#9+>0E4)SD[N:2F#G 8TJ!A5>L7N=O;RR(75UU7+=]+3UV;ALF_S[P6_=9' M_L?&2W4IM=T(BKQC%_Z3ZU_=7II5,*F\ M*>; %-^)^G=UTN763WWOQ,_L6NL7T7_E8T&Q[XW5?^$I _T\@8P)9) 2#,U?J9Z99D4O1 M>W+X6AVS?PJT(>9E'NVF>W?NF:E6F=U;@5.3EZI5WD%HTU%=WSL+H;D1#)],;:6Y"J=%S<_:3A,SE\-],"RT MZ,:[+I@NW.(?4$L#!!0 ( /A^J$Y?ED\WY0$ /@$ 9 >&PO=V]R M:W-H965T\-]I@SYYLQQMG(^)MH *3SWM%>Y&XCY7!$2)0- M=$0\L0%Z]:9FO"-2A?R*Q,"!5":IHPA[7HPZTO9ND9FU,R\R=I.T[>','7'K M.L+_GH"R,7=]]['PTEX;J1=0D0WD"C]!_AK.7$5H<:G:#GK1LM[A4.?N)_]X M2K3>"%Y;&,5J[NA.+HR]Z>!;E;N>+@@HE%([$#7)Z M_G#_8GI7O5R(@&=&?[>5;'(W=9T*:G*C\H6-7V'N)W*=N?GO< >JY+H2Q2@9 M%>;IE#[J%(Z\CZ-;6_&B_P((.9--$*$P0I_F [ M(BLFLF"2#2;:8?PT2 YV3&S%Q!9,NL'$>XSO86S')%9,LL/XH;_!)+MODT;! M#H-6AU;?"3\(O[:]<"Y,JO-O3FG-F 3EZ#VIFAMU#2T!A5KJ::+F?/H9IT"R M8;YGT'+9%?\ 4$L#!!0 ( /A^J$X!G(GAJ $ +T# 9 >&PO=V]R M:W-H965T]7-KDFFS: MM/W,ZKB2@GC KKU_?P-:8[9^$69X7F9&R'IC/UP#X,FG5JW+:>-]MV/,E0UH MX6Y,!RV>U,9JX3&T)^8Z"Z**)*T83Y(MTT*VM,AB[F"+S)R]DBT<+'%GK87] MMP=E^IRF]"OQ+$^-#PE69)TXP0OXU^Y@,6*32B4UM$Z:EEBH<_HSW>W7 1\! M;Q)Z-]N3T,G1F(\0/%8Y34)!H*#T04'@;S4A;)O"1P"="NHV]#$:Q\E_"BR*SIB=VF'TGPB]. M=QQG4X9D'$4\P^(=9B\%O[O+V"4(C9C]@.%SS(1@J#Y9\$4+'NFK&3W=;I<% M5HL"JRBPG@FLDN2JQN\8ODF73=:+)NL%D_3*9 ES/0HVFWRXV$_"GF3KR-%X M_(EQU+4Q'E ON<';TN!;F@(%M0_;'[BWPXT: F^Z\;&PZ<46_P%02P,$% M @ ^'ZH3O4VV9?9 0 ZP0 !D !X;"]W;W)K&ULC93;CILP$(9?!?D!8@+AT B0FEVM6JF5HJVZO79@"&AM3&TG;-^^/A#$ MIJZT-]@SS'S_S&!<3%R\R@Y !6^,#K)$G5+C'F-9=\"(W/ 1!OVFY8(1I4UQ MQG(40!J;Q"B.PC#%C/0#J@KK.XJJX!=%^P&.(I 7QHCXP2![/@0"VA)]WNX/N8FW 2\]3'*U#TPG)\Y? MC?&U*5%H"@(*M3($HI3H&!N_AM<@>IP4XG6J#F5]AG4%ZDXFRFZ%$;>W-H/ M=IUF_BW-GQ#-"=&2$+E>G)"M_)$H4A6"3X%PLQ^)^<3;?:1G4QNG'85]IXN7 MVGNMXC N\-6 YIB#BXE6,5$:+3%8\Q>1R"L26<#NG Q _8 M>0$[3P7I79LN)K4Q@VLS3_[39^)523PJV9V*B\E7*N$FS&*_3.J523TRN1^0 M>0'9Q\>9>P'Y!\:9_SO.3V%XIX)7Y]1< ]^)./>##$Y1:#0JO,-M-[X?X_9R@^SE<+7NZWZB]02P,$% @ ^'ZH3JG41^4A M @ 5@8 !D !X;"]W;W)K&UL=55=CYLP$/PK MB/>>L0GD0P3ID&@GT[(HX0R2*4L1I M58=YYG)'F6?BIEE5PU$&ZL8YE7\.P$2[#W'X2+Q6UU+;!,JSAE[A.^@?S5&: M" TLYXI#K2I1!Q(N^_ 9[P[8%3C$SPI:-=H'MI63$&\V^'+>AY%U! P*;2FH M6>[P HQ9)N/C=T\:#IJV<+Q_L']RS9MF3E3!BV"_JK,N]^$F#,YPH3>F7T7[ M&?J&DC#HN_\*=V &;IT8C4(PY7Z#XJ:TX#V+L<+I>[=6M5O;GO]1YB\@?0$9 M"DC72R?DG'^DFN:9%&T@N\-OJ'W'>$?,V10VZ8["/3/FE\SC:9NANB7K, MH<.0$08/"&38!PGBDSB063E)B9\@]GJ,'4$\]H@C/\'*2[!R!*O_"/"DR0Z3 M.DSM,*L8;_TJB5F_'$9H=)1C873F+ME5A[)%83B?5,X@-. MH@69C5=FXSF*Q$^P]1)L/3[3B<_MS&<<^S5PY+_[D4=E/;W\T4R&;)*%]XH7 M/C+L$=I,A?#L!L[Z0://FH.\NH&F@D+<:C=-1]EA:#X3-Q;^P;N)^XW*:U6K MX"2T&2YN!%R$T&"L1$^FV](,^2%@<-%VNS9[V4VZ+M"BZ:&UL;9-M;YLP$,>_"O('J,%)LRX"I*53M4F;%'5:]]J!(UCU [6=T'W[ MG6V"6,4;[#O?_>[^AUV.QKZZ'L!G[TIJ5Y'>^V%/J6MZ4-S=F0$TGG3&*N[1 MM&?J!@N\C4E*4I;G.ZJXT*0NH^]HZ])!;G MW@<'K5B0/#8&$Q@<"Q^4*CR!E &$;;Q.3S"5#XG)_HS]%[:CEQ!T\&OE'M+ZO MR /)6NCX1?IG,WZ#2<\]R2;Q/^ *$L-#)UBC,=+%;]9BX MCA/_EK:>P*8$-B>PI"45BIU_Y9[7I35C9M/L!QY^<;%G.)LF..,HXADV[]![ MK3?%YY)> VB*.:08MHAA.S;'4.3/1=AJ$18!VV41EJ\#-JN 301L_@,4ZX#M M*F"[T@'[(#/%[&*,3C(?[C_JI(O!AGO[D]NST"X[&8__*$ZR,\8# O,[O P] M/I79D-#YL/V$>YLN3#*\&::W0.<'6?\#4$L#!!0 ( /A^J$[VGRT#!@( M ( % 9 >&PO=V]R:W-H965T?;2BBQ-T-]F>?FW".E##2W7=[*'SLZ(,@8"#<0K< M-E>H0 @G9&W\F33C>4E'7/9?U3_[[#;+GFNHI/C='$V]BS=Q=(03OPCS)(00J?&P>N[^";RE=C,/;M#OG9^S:;4=O9:4 MT )=G="$>1@Q9($A;Q'5+2)E,P19 [,+$G1!/)\N^#@G80$:%*!>@+V)P58Q M1DSF,=VX2)(RMEEE"V=S MTZ"9-& F6YE);Y;Y@ E-\I6;("R[S\)VLJ"=[,9.>K]RD]T> <%YNCK0*@## M;$.3E1NTN ON;?K.U;GI=+27QEXK__.?I#1@)9,[FZVVS^%<"#@9U\UM7XV/ MPE@8V4_O'9H?W?(?4$L#!!0 ( /A^J$X+8M2BLP( &@) 9 >&PO M=V]R:W-H965T"V&BUZ9N]3S> M&]/=)8E>[T7#]:WL1&O?;*5JN+%3M4MTIP3?N*"F3G":LJ3A51LO9F[M02UF M\F#JJA4/*M*'IN'JSU+4\C2/4?RV\%CM]J9?2!:SCN_$#V&>N@=E9\G$LJD: MT>I*MI$2VWE\C^Y6B/8!#O&S$B=]-H[Z5)ZE?.DG7S?S..T=B5JL34_![>,H M5J*N>R;KX_=(&D^:?>#Y^(W]LTO>)O/,M5C)^E>U,?MY7,311FSYH3:/\O1% MC EE<31F_TT<16WAO1.KL9:U=K_1^J"-;$86:Z7AK\.S:MWS-/*_A<$!> S M4X#5_E< &0/(>X"K9C(X(C5\K8[WFP+=$5O,=;_H:N?>V6RU M73TN",YGR;$G&C'+ 8//,&A"))9]DL"0Q!('X?A28!4B,@HK$# )XN+)11(% M3$!! NH(Z 5!Z55AP#"':1V&E05#7BHA*B-9F<%F,M!,%IHAJ6=FP&1G,D5. MJ>S+((9'!94N*9 5 H+U+83 F:*KQ5]02P,$% M @ ^'ZH3I,Q2+#5 0 8@0 !D !X;"]W;W)K&UL?53M;ILP%'T5RP]0)Y V601(3:IJDS8IZK3NMP.7#]7&S#:A>_M=VY32 M#/4/MJ_/.??#]Y(,2K^8&L"25RE:D]+:VF[/F,EKD-S8V'FG+A&@D1!,!?7]&B$="_$[PU60A,I_J [<\2[0:B Z/U7'7$^M]C,7, MG='7SM]AM@:MERR.[Q)V<4(CYA PT0RSGA ,U2<7T9*+0_0?/?KHX+B ^++L M(5Y,(O;\>![@=K$F74:E/O(/>V5_8 #%/K]729,WP^NJZ8UY*PL-HY_WE(I"QCBZ@9;NL:! MGPX"2NNV6]SKT/;A8%4W3C2;?BO9/U!+ P04 " #X?JA.^"<>L7T# #L M$ &0 'AL+W=OQ=\ MX[)*(G535:W42JNMVCZSB9.@!9P"V6S_ON:R4;#':?(2,)ESF'/PC VSHZI? MFIV4K?=6%E4S]W=MN[\/@F:UDV76W*F]K/0_&U676:N']39H]K7,UGU0600T M#*.@S/+*7\SZ:X_U8J8.;9%7\K'VFD-99O7?!UFHX]PG_ON%IWR[:[L+P6*V MS[;RAVQ_[A]K/0I.6=9Y*:LF5Y57R\W<_TCNERSJ GK$KUP>F[-SKROE6:F7 M;O!U/??#CI$LY*KM4F3Z\"J7LBBZ3)K'GS&I?[IG%WA^_I[]4F.Q3MDSI^D6-!PO?&ZK_)5UEH>,=$WV.EBJ;_]5:'IE7E MF$53*;.WX9A7_?$X_"/>PW '0/H*8#PBP%L#&!&0# PZTO]E+798E:KHU]=_Y^NMM%77Q>,I;/@M4LT8AX&##W#T"EB:2,$/T$" M3>#$@D(6M(]GYRQXB!,PF(#U"?@D 3'*&#!1CZEZS <-XD8I$!7&F R'9#@@ M8W3L8<"(L]M0%HG4X+R$L#1.,1T!Z0A AQETA%5UG(:A0<8&)2QT/*8(4HD M%<=$B6&"^/J)DL $"6 @C&8@3&3TXC)F0B2%1%*0P#'+2(BE&U[?#.)0/P$L M$E/^Q'KNE,=)9+8$XI*8.-I"L!40>H641Y#XCY8QS"5F@JV%(&\QY3R")D+E MG O+*!%.L- A:((-AB"'<:7 ID#$#9,'BYD@-5N3)[(*-FWE(F1*!)L"B6TB MPI4"VP));F@'%C1!BK;:D8+G'U%A]03BDEA@2A0[! U!8X@C!78(2JYO#'4L M[DC19F.H+542$=-B$"KAKHJPGBG0\YE.IRFP_BB_H2E8?Q2MRE93A#T+!!&1 M.5L0CL=Z!7=0PGJF2,^F\U);K-I2A;EO@3"6)@Y"6-<4Z-IRWA$TK3TA86HR M0CC.4M>3QSY!P;HOF",%]@F:WK#9Q;IF0-?6Y!E!EYSW(F1*!+L# _L'U\Z? M87=@M^S]'9M_M$);[4 K;YIR:_\/5^C4M;PR[! ,K-#"8=X,.P2[885F6-'L MFA5Z!$67G1>A;.<-SEX[N^\ W[-ZFU>-]ZQ:_0;;OV=NE&JESAC>Z?IV,EN? M!H7$ZFF_!2)EE-R,$9U%>$X MSJ.:E$VX6IBU'5\MV$5694-W/!"7NB;\[X96[+8,4?BV\%2>SE(O1*M%2T[T M!Y4_VQU7LZCWEB& ML69$*[J7V@51GRO=TJK2GA2//]9IV,?4AL/QF_?/)GF5S#,1=,NJW^5!GI?A M- P.]$@NE7QBMR_4)I2%@NV_9 MF._-^G\S@PVP-<"]02?.J$%B#9)W@]0DWS$SJ7XBDJP6G-T"WNU62_2A0/-$ MB;G7BT8[\Y_*5JC5ZRK)\D5TU8XL9M-A\ "#>D2DO/N=@ZJC083*#:3H5BBQWM-I"J%D\HE<&DLD\ M,JDCV*:#Y(,H!9XAAXH/2K-LA$D.,LD!668.E=Q+&"<.D0\A=S0*D$;A"Y(Z M+ I D-S9P:T/2C,\A9E,02937Y \=JATF&(0)9ZD[MY ()S!5&8@E9E_YO.1 MS44Q?/7C_SCU%O3HV(.PT7./1FH1 N1UC[X%#2--T]BE\S'HG@Q8M=8( V02 MEPSVTU:!/'4@6)&.J0,7.90\O@86\^ > *CQBX#@BHG\DNE5*8MY4*8 U'B= M0G#)1'[-]"^F!3DWTV4#@7#JL(D&SVM-^ MM2[=1++6MF51WQNN_@%02P,$% @ ^'ZH3OWE6J6=! %AL !D !X M;"]W;W)K&ULE9GICJ,X%(5?!?$ #5XQI212):/6 MC#0CE7HT/;^IQ%G4+&F@*CUO/VR5#OB8-G\J0!U?WWO@LPU>W8KR6W76NO9^ M9&E>K?US75^?@J#:GW665)^*J\Z;_QR+,DOJYK0\!=6UU,FA:Y2E 0U#&63) M)?LGU2^E5;UF6E/]M=5KM_KB]EJ?3M(W4Y/%]".K?^VP;/AY_1/_<%=\4\YI4>E>D M_UX.]7GM*]\[Z&/REM9?BMOO>BA(^-Y0_9_Z7:>-O,VDZ6-?I%7WU]N_5761 M#5&:5++D1_][R;O?VQ#_HQEN0(<&]-Z B-D&;&C ?C;@7?%]9EVIOR5ULEF5 MQ['SKOM?4VW57'W?,,E7P7L;:-!L>PU]T)"[(FBB MW[N@J(LM-9K3<0<[H(AQ#PP6P;KV;%2$P $X#,"[ 'P40$Y;H\Q"B0H%F_@!9&%(N<60&*83@W04#D!"S%SH;@FQ8$L<3!E$C^6R MF*F))TA%66A)!R+^3"A(QX(PP0R3!1 33#%QP7@0/99+N"!DZ@J2*6*[T9AC M D".;,YB_(A<8 L&D$0NMD1&O1&/Z!0@().1Y-22$ :: *(CRY1",(0D=K>% M8@IIZ&#+(!H]!DJ2*)[.8$ 7"28MQE!,-0543P=^:N)*5*S":4) )I0-:XJQ MI@#KR%82QIHNP)IBK*D+UA3P&A$IIZ,=TLE0<&Y)"8--$=C,$@*#31> 33'8 MU 5L:A)K/"MSDG$B&&B*@+8YBH&F"X!F&&CF C0#H(+A'\JLPS_#.#. 0>IK)]W) 9:(J MCYO$0,L%0$L,M'0!6IJD3H?] M6?OB M+:_;[_8/5^^;.\^TW8V87-^2IUV_1?,S3+]C]%=2GBYYY;T6=5UDW8[$L2AJ MW608?FHR/.OD<#])];%N#Z/FN.QW:OJ3NK@.NU#!?2ML\S]02P,$% @ M^'ZH3MUJ?FVV @ S@D !D !X;"]W;W)K&UL ME59M;YLP$/XKB.\KV.:U2B(U3-,F;5*U:=MG-W$25,#,=I+NW\\VE%+[J-8O M8!_/W3UWG,^WNG+Q*$^,J>"I;3JY#D]*];=1)'3,H)HL^KID?U@ZF=_+_0NFJSLZY9ULN9=(-AA'=ZAVPKE1L$B?M7L*F?K MP(3RP/FCV7S9K\/8,&(-VREC@NK7A56L:8PES>//:#29WO5>G=5B$P9X=Z+E1W_GU,QL#2L-@C/XKN[!&PPT3[6/'&VF?P>XL M%6]'*YI*2Y^&=]W9]W6T_ZP&*^!1 4\*VO=;"F14("\*B0U^8&9#_4@5W:P$ MOP9B^%L]-46!;HE.YLX(;>[L-QVMU-++AA39*KH80R-F.V#P#(,F1*2M3RXP MY&*+/77\VD$%($K8 P&#(%:?O HBAPTDH('$&DCF$2*'Y'; 9!;3C4Y0XD3B M@Q*2%C"5%*22>E1(ZC 9(.G,"4H*Y/RU"D AE"SD-0.Y9#Z7W.&2>5[2.(D= M*B!HH89RD$GN,W&K-/>L(%BSXN5/FOIE)IZ'D M#IM;U)%OS;!B;]<7,\.D\XV*8]W)X($K?4?;F_3 N6*:97RC\W[2P]6T:=A! MF66NUV*8,(:-XOTX/473"+?Y!U!+ P04 " #X?JA./H$3\%<" G" M&0 'AL+W=O585K26):\]04]K_P-<;2$V 1;Q6M)6CN:>267/^9M9?#FN?6 4448/RE 0 M/5SIEC)FF+2.7SVI/[S3!([G-_9/-GF=S)Y(NN7L9WE4Q=I/?>](3^3"U MO M/],^(>Q[??9?Z94R#3=*]#L.G$G[ZQTN4O&J9]%2*O+>C65MQ[;GOX6Y U ? M@(8 &/TS(.P#PDE T"FSJ7XDBFQRP5M/=/]60\RA@*M0FWDPF]8[^TQG*_7N M=1-F41Y<#5&/>>XP:(1!]XCM'('_D@1:P* ".54@&Q_>J($A'0:/ M,HTP!&#BQQR%HV2$NA.3.,4D#C&)FR!U$J3+[4+B+#T;_88R[_"!>8@R>=0J<)0A/?7' 0@RGYS\8=6QSA7XCXES6 MTMMSI9N_;=$GSA75E.!)4Q;ZUAX6C)Z4F29Z+KJKJULHWO37" $ % 'AL+W-H87)E9%-T&UL[7UI<^/(E>#GV5^1H2V/)0?$XBVJVNX(%HNJIDK+?1'TY6<;Q[ M]_9M-%]Y&S=J!#MO"[\L@W#CQO!G^/0VVH6>NXA6GA=OUF_;S6;_[<;UMR(O\KY_TFZW+_(_# M'?[8+/YQWWK^.GR,XM"=Q_\G_Z9\^-Y[\O$)&.+&W7C6^'^Y$^.;V?C^[GXR M'4_%Y&94,M (5A&Z:YA]X7T6_^&]YI]K-INM9KMYT6KF?QDE88A[N/*C.8SP MB^>&""?QP8VM!9V?M]KGG5;9(N1(]]XN"&-_^R2FL1LG%CI^L3$D1[CRUUXH M1C#S4Q!:>QC.YQ[\#K\N^,F24:8;=[T6[Y/(WWJ1-=7274?6QN2;XXT7/N'" M/X;!2[P2HV"S<[?60M1^@\T&L#R-@_FOCI@2Z8G;)(YBH <8I91<3%!?P9?6 M&BN)3;Y]YX5^L"A^_T\6BO3;L]>=M?M6\_Q/%K#AZ07/MW;+MR)7448PBK?^ MU[_]6]&>1K3#\,9_#&=P3^?@/*GXO9*W-Z-[X>S"3P@ MAC?XY*>[^_%/\-KDYS&RQ.VG,7#^P_2#.'US)B6 \+=BM@J2"# 1.>)-YN\J M 3#(_SC9SH.-1Y3LT8[+F7KJKFW*'@4@$X.EB(I^!#*+(K$+@Z4?6Z-YZS40 MD2.>O*V'O(U"QEUL_"V)C-A_]H3W&<1J9(\K%[T,@XT R1N2.+*>NHU7P&T^ M/>N(K6;1 Y'GR8%$['ZV%W07!L]^A#(1'JU\\L:+Y>]% MOZP17FX=?G(U@@D:/&U7>@#.!V0H_.& MO0=OZ8&$6X@(.5XL_&=_ 4QRP#QSEAA$HZM@O?!"FUZ23;)F[*)BB-:L2MS% MWY(H1@*T"6P#BG0%^,%WBD$W=L,M@ 9(#1!.LXMW^6?>NY$_%Z? * L I!L: M#Y]9[.^O$Y3"]9[^L^<_K?!Q]QE(\21$BGS?G@] MO!F-Q?2G\1@D32I"JJ7%!V]>+BV4"G2CR(LC:SYA7O S M*#TTA"+0JG//?T9*(EY%F0)J+GAQMW./N&H1)(_Q,@%!H5Z!1]ZTFDYST"3A M@9];[;[-Q<^PY"#TBX571._"(OT-:5Z65B1AO<]S4+ XS:-/O%? ]][.]1=: M4-%8 094^1>OO 4)/5-4B%"#(/_X+(CAX>HA008!C8+>IOW\/?%WR$Z% M@N]C$"Q>8$ME$A/(]X9;D+1+WVW,@3][8O%OBNS6O@N8\&- I4U[\AG 8A+2(XBX=-:%]VCM81:Z"R^EIYW[6@1\ M(-$P 3H:UZ*9DW=,5 MF*F\^2"'+ .0Q=B:VQ"OILF*!Z\S.-#O_!T# YX4?10D) M 0)3^> '[S&EC8I'/RBE6*74&12UQI./EC^ 5K=/FI#A@:H?-N5MYPBATYL@ M]D2KE5<"Z):^BW;NW/O#":C+R N?O9,?A4T2J6;^K1B#D(A?;4Z2ZHOM_C?- M1K,%)!:*9W>=@'!N-4'D\O^5BG.3&&@-4?:#:%TXW4[/:;4N:/GX9[/EM"\O M3$5HL=ABX:,= *!!>7H.[#%W=SZ RE8G,3C1@ ]/ZOP";F43P].2.&-!H(E5 MC)1"*XDD:6RY2#?U;#(>N'@(BQ*TX+:?G7JHOL00Q$+&2*O['*"QU0!\:30" MGJJ0*,=YC]0'1DU,RN"KQBQ9Z7OP,M,94A-T6K2[>H;.Z9V+U M#9^<,@@->V2/(5+-0!H^--5[2F"^*Q^ZRZ/UT-7; U0<[5U MO./1K^]I-RL&\^BN%H-OEY,IN,IY;0NT9=O*UPP<[K M\#L8L2 8@)_9JP$MMTV])1@'J)*^04M8)!&I%4-Q@=<-3E>A>?/! _:;\[AV M+(,4II[3,N L^\_%:;?DM.,+NT+3T?95I$8N<9?OW%>*()!%(Y56C!\C?R%] M="WN7K,6D#N'22-2 ><+$-UBZ?J2!BT+2/]B.(VXF;(Y]T&KAI%!THCT".R; M7RR!P6@%D.?XC(%60@(!M\HR*),_!S@=):9UH9G+ 1=IVY9%6F[J$.L^!IS< M_#R>[F/ NR2LP>AZF1$<^G@RHI@8J[ILH,[3U MEP48']18="!@KB8WH+GV 28$^>'OP%8@2MTQEQ48JGO)6#$H*K$:')KL4&0= MP)H?9,0H(B.N:G9OLUL'KYYR8%[\>+7RU@O&)*LO]\4-;=EN@7WI;V'#U6 ? M+Y?>G%"*@3S_:2M]C_DKR8V"J 1-0ZPL_*TD!""EL#J6,2IY#M0)N(Q/_A8- M5J)/BBH?\KJ'+%[Z8AU%.O[3PV3V2WUK*"@PODW[PD9OI=U^(R7T/@U*YKMA MN!?:Z]IXW&,.O]= ?^^NB2\ E&: ZZ(@Y!N2]W@*C]&G,P03*8"@][ M$5=!B)1J1'F9NYG>(8='3_V-A&]Q='/1Q?9HYB% M)DI&8-1>ABB7.F99--.8@Y<&#"M3"GNA;KU1/8&55IG]-*8TR?#FEXJ?*C(9 MYE/%7E\7E_U&R;)0 M.EB+081[VR?WB4=$1:AT&=DWF$]!8Q9!C!GHV$.1"6X-V1$AFP]:K9^>?+J_ MA<6"#ETD\84/#G9,-BNN:)5:N_720X.,6!./05-43JS*]?'=K(#M,C M"S*+8N^)]N[(-\0N 2:/?@5[9N?.?\40F\/?A=[&W29+P%\2DGR'"=-O8+#' MT,5\-XP.=A(HIK7[Z*WIW:C6.F< *(DR4)R IR=W2SX+K!)-]= S !EY3Z1V MWZ%O3*# G#2, P";CD[.'#%-=CM (5B *##X(?YU"N#$94RVV^"9X"A/&Z3UE.LV!F# MB>25@]Y[%*S]A!,S"+]Z.\CQL22,R=FR#UGSRGW&3*JW38&-Z@;6!+YJ[!. V83?D/H"9*)<3% \ M;1-DW+U3D)P">V:- 7J!Q3=DO 7;OR7;.9$#(=08,R2FPH6 %M^(5O/\/XB] M<"&O6+W@D8 !W>5M'D$9*/TE&OB"<,4&$\,(F[4'#)OE2IPG F/37P+V,6MC M4 UL9*[0H#EWAPR!0@,E,]@.*F"0V7G5ROTU9BEPC_C:U)N;_ B0V(,AU>AHZI!QHP"^3,":6G+Q!P*_ ?*2?@A 4DJ8@OP'#<%Y+?@I M\@ZB0;0_43AC^4P:.XCT8E\1XCN6'^3F2)I,)4C);,8<6:!Q -].8.M-UX#H M-O?50#AEZWB4!A05G3$#+8O&LPFZ=,CLUL@=6:Z#E^AK=R!3&Y53XHP<#R_? M2FY@L#X N5$"WYD8#CV%UBU6KR'_H M(C@B:SOP:R4 IZ5+!BK-0J8([9Z2F MHLQ;^QL@-%QTLF,')]6&E@*^'X_&655V=W][ Y]'[*65I,9QD7=*8)0KSGVC M4X)]&P-)#QYQ/0U.CX1,>"5]Q@FR!H WCXQG:'1C1&FF-E! M=T.\#^"?WZ)!: MX)DP<)$\R1HF(YLW PO7JT3F0OUAOACGUT![>2E;1N0]4Z98V@52N6 V"@3O MPI>&A*T>\VKJE8=&RC=LTRZ8IA(_N-9E$I*WE&K 1@5YP0CB%R_6A#C1\>KH M7)4FT.8X3TMT.$R>@)L)0)(*@;@,G"O2 ?#UT%D"3@8'Y/P!5,0T6,8OJ)A. MI\EC3,34Z37/N\VS=T)E[/_]?P_:K8L?(G/5N+$)JO:-MB>Y8 1@T8 P%42!<=$4MB ^1@HHTXW)M>D2[: M1,<=X#USHU]1Z\-@I^/)[.H,7H%90H\"E8#4[)*YN,!72P9"TRX0X9]6/]>K M=]/5 ^N-1L/H#&D*#*J%BF=PB&H>/+&W%#Q[4A-0%IYW8 P#IBA^%T0R*BE> ME(DF0T4TRJ-B'%E!0:"-%.: #E%_9M<'ENA"3NTK?"2$/T:NL'%AU(=HL 0(X6C\M!1L,FQ^4BN G"RH&6KG ( M1AX'N?1JGT%Y!B'ZH2F&)!&8(U*0IQ(N4;HZVI*D#,&:#;4((%0C,,5K(>&@ M(RV#4AK1M*K^#R:^ ;UY\I%K;X!'I- $2W(L4BEXE6TFC'MPQBS8SA&/ZS6Y M*E*H*H=G-!2[=8)Z&CR=G:PB .GKO6 U 3T;,8L@Q#"F!T\\@H2<>R&9@TS> MWF?0_7Y40(HHW^#_+RL?Q+9Z3$W/,V+\0$4WTQ$8HXR-E!8C0ZN0[$Q-WL@( M$[M+ %)JJ:%40Z'OR( &_.AO]/90.:>29ZE& *Y>%R% M4V7&8;!KL6"33]H9D2:313I\F!\^S8F(33H\6>#@ZY(AB]ZV,<12[0(EPM^ M'!I\PL*G= B@8QM001&@_E%/2.I=#B+=_PW*!4JADE1&XI:V.9H.2X]H*GY! M:_4:+(*U8!.(/[<5%1OK7_E@-H!-_>J 9PH63/((0L:0';2XJB41%TO*RA7& M4M(&G\?9@UW&/4ZVP2,*21F- '7$^^"5=LI O(^[T-?S%& /9S?:!]=TU^0X M!IN>DL)+BN%(FJ;\*#R?5 !"#5\(#6Y# W KK!FP?J7)2C M+O4D)EMP:Q)F&E(J8C8DN1/DN1^N,Z4@: A[AV MYU+A:&N)BD$0-GY(\F+C <(7P3IXH@(&9>;+P)XTH#-/2=MLB3:T$?28\QK6 M<7ROSG(M]EE)WETGSY3MXO9+8 MM-,0&%%]*66XBE;6KIR>@)4<>5YT4N%)FIOS#X8\H1EVN>Q#ID;&B%ZY8%V2 M-8T%!Z[<*RP%/^(^*?ODPS(7W@[Y@TN,4(?/U[!=DGS,8.C<,7.2.,Y5(?.2 MYZ&/VL/EW(TTGO"9EQ5G&=4*_.K1B!10;&>E+P=VI=D)0P QI"Z NXZ"%,]N M6FAK: OEM)$Q :2*ZN7)D>78TOZ)7W,!P P(&86.3$W@UW]/P+.+.>R+ \'? MJ!/YB[QZ\NF46!HCH(WFI5!1)H2IGQ0]!\:5?MXGIP;F6K_B!OQ/M)(Z,4!4"19N' M!NZP^,6B:52*OO0 8_R=TJHJ"\O(HP2G64!#>@(PX6/&RMRL] VE&$@3XD74 M4P;4K0E78UNLUI6WH5=M/X%R!"N&\5=M",)K$MQ(/SI2B&:9A$/J:D>'&GR% -]M5AVW]^Q+9P M!NJJ4@7DE79 S' 1&<$9,71)ZPA:> ?$AT M_BDI+5U?+&I>)^R!P._S%;Y#41V6%DUIJ6S0RW\T]\=5-)Q>R0:>25.I9;X MQQ,H?.,M[;])_J E8YV2MR4$\+'9L32;RT5P(JKUMO56&KN>#IP0/C$ ^;=DP3488H.%MUE(*=L374%02 L4 M.4I[LI+/6QA9Q)MR>P$2=AYSI(X(("U6(/-XB11)P\G3S#( MF!A/KTO6SE*5DQ(YP7*)L4LZ7P1;IC-$":TX+2["B*&LB"%#$/YSYHAA$@>; M $Q"?/B6AQFK@ER9P#.+?+*_+0*R=F!T#!)KPVB=IJ>4I'9T(F2.2AO^1L-L M6Y'-X-"LRS52A*+UJR[6=FA>0%'DD6JA&*3$#@B>8,MB2M4=PSL!UN8K5&K* ME64 )MP5/APJ?]]Q/6P1(M0N,_1*LCY%Z!>#E^ E@<-TCA).[S:W5UAX8S@,&\6'BM34D5U!$Z1'%E+\6WI+TBLDW;25&7DE9;(,B*' M#>!M&-1'HX-GU$'R%V_]K%/L04@N2H-"&YZ[(,!D_3%^716*HXSCTZ3T+D8T M*.N$#BQNXGP-T)8E-SK$;ZP <:_+A.RA#8T/?[$>((M!^WJR5"#(O&BDI(C3 M5011C@@X2 .[^RL[J-;&)@CR_0K"7PM_(2-?>/K4H\+ ; 2L"HF&!$>XA^1" M$#V>IC$C[R#<@6$>H8.G*5RD"(-_$*V9I3L<24!V28QY0 ':Y7V)?8L MP,)M^CC!@ ,%*6)U */%'(MDTFJKV'"$Q3_P(_.)*N1CPU8FVS#VE_(@4P:CB,)L3,&\&:P\-@M),)K7O2QL*K[R:#,M%TJ"+I%$;T3' 6)TU. /38T9E0V;?*O:&R9@1HZP)1+;S MM(2_Q?3CO[N;W0_#=/;3W^'QAG;_4E80Y,,H-$?Q:SUGT&D+/IM;^-H;T7=: MS18]_*F8M+@2$3'][ &>UX296)KS6T5H$LR+U&EEH9B1XU\.200D0RU'IA,I MQ+2S(6:I[R7#NZG_LF"J09#^'80ZQCGD$2F48>8A19+G:<(U0I/0KH8;,M12 M4.0[=!2IJ#?BHNWT+RXUP-Z(TZYST>\(Y*"+IC/HM<2U 6G59B/%9+TV$Z(U M@&';HG\Q$*%S;0[O7%*>RC M=0&#]^##9:>$E*!CT>QVJ>GJ'@-](-C74AI2;*E7# MZ30LV ,[DOS1%\K-2!T_#S4]@EW 'C\9W7E#.L(:14^>N=7E0IR?,C(\SZ[/ M=1$R;*0HC!B44TK;3-"94XI<#LE9.85SWIKT6%J0WX.].$QB*YO>I1M2G$?6>J=2U)A_LC8)V"C)3Q[$ZV'K?S MML/A"J3G5M\9#(!9FNVF ".R [P'GUOX?;/?PL]ML%><9H>>Z8@+IP6#@XH/ M/<9\J^-T>I>2KW)D\P9@[@R _? X_3MD@X2#L/)P0:OKM/I==48C3WTYIF3& MP_WE)9F>C[?LB3?M7E,#D =\HC#(H\\P1-+?))L*,L>4"MKZ24S,_.H91-;0 M97N88C"-:$-Q6(3*I&'56CNY@)"%>Z4%0$-03DIZ5]=,I#T%S#R#V -^7*/\Z'6?01B4 R^R05FBU'*0(0&S/Z<"' MZZQCB#8E\18Q=TXC68W1BFQE<4KKM)'<:S3[]A#9"?/O7#0ZOZ' 0JW*=,=, M'K/AD_.(>B99 9YR5BZ=,I/Q?;O\R\A*KS W,_X, IVBE!RI"1WQP06- ?HU MCM>>E8&^&D[NQ<_#ZX@KB?#]Y-K.C=>V">!*YX^ M&"49Y9GKPZ;#T!/V^) )/9V;SZ;J2C+#TH24Y:]I+;X\]T-QX$B%; I'2[\T MQ]55?H\>,;V:AC,>F 93MW"W3JH4EB=TN%(G/XE M/8"$#1Q8-D0>E9:J0%'(Q*:4UI(SP&9K#(H&44S2/'N@2[DV;OBK%U-MF8^] M 2@.%UOF.>I56>51C"TN6HWR-6 Y$]]5W0TX-8NVR=^3 &&IUA'264=>M\N1 M>/D3A:LQ?T[Y##\MQW%R.0/#[Z;F)#HKG>9%YMPXEWP,5)EM.07F+,S[L9ZPURBU6N2&A26,-73J7F;FM9D;J"V15%P C.[VF M3Z/4C7/7*65H,B#$1;H63KIA[W)#4CFPOP$3,"Q>L+W-'PJ&2'==9SP%+[T? M*H"F27Y0ZST8"+J2) .%'V2]*XVI7P7.(-;:J=X8P">(;H>JI]'B?)1'K!]? M'7,B297 &"XE # R)UN0HJU):P;JWVH\=[)X[IAX+BM9+-Z)+C3C:NRLA@A> MB 22S4Z>M+C:)T-SL:J,?X!9O0B#\+AD:@@$:V/H^5&FZE)E80MYG\-$G Y4 MLH!"[WH S@2[4A E2#1RKJIQTW(4E2F3@;I7LXI>5H6E1YR-P7#2$K!P\ R> MI'H^+;%4'4!!H2O#28;VC'8G$:U(1<-*&Z88-;ZD"E2HC,B=I6]VY3*D73P: M5M_I)I"ILV0LB[VE#+XM;RXWA;9WN=2=LY)\;" MT@7#YU''B9=B%P!I4;F] M?%D6CA70O.K%0C6HF=+P0LQ5[U^".SWI&9F,(0L:BSE?(_I%MN$;&:9RM/DS")B97.B0A_N2N7\E6F)63MEQ_9(DL M)3\R%6N1.C&%R'X,GMGV@*6_:K&: 3=K>))A#0R\H*DAO1)5L^NK#B94:B8_ MNY&LDO%T_4H*U+2W$YV,YDTZAR+.]"BH0+-H(8Z,9*N1T!#%5"'YRTFI4IHG[7NQADD%-GN+%7VU?6?2F8XU%\L9"\ @X-?1$=9TR%3"!,0"!FF[G<=,NYW<"6^,M'F(WQ5V C*ACC':0:\M2]?5X1>9[62$*A-,1=7-!(:N54-N3(\/85A0];JV MFMJG&TFV(,7XO*(FGK6L7 \R/ ,J'&O4L:>9M8<&!5K$[Y!U]<)JLJWXDUE& M.[$J_966*2/-6<9\*^9.4YV7.X59T;&WG1RN'5@:IE:6C5JJFPF%OLN2MY.V M&SD39NM'BS!^UN;BS)NOZ(J=O2PX*EDU+ +DJ2F!SS3A?9"&@V?4DXLA%1\3 M88S?3V8?AK(8/6-1@4CR/2[N!9ZB6/6S## ;S+)OS6H"S J$!&HL\D2;U+SLXV7#3::0 -/>9Y(QQ%3A11X;&20I^P? M$)K*_(G.Y/M1L2&-;22C0 U+UAVO1QZ'SE3]GZ*7%YZ!'_-$Q9)E+AR74FIW MT@C!D'U9KMVS8-W;]B>;7;49M*SQ"$;<[!^IGBTSQ$L>>)*I7!!JKM; MSNAQ%H"J,UZY0XZG#VCIH@S8]SR-!NE8]2-6^S^K8(IT=:33F+63J833Q'E= MQ!B1\$CB8.Z&(=5(2AD<98*J,7F'AQ")?>@*.\7>S&[O"^+9$UT<99SS+8]F M&R/Q$9S,VB..BNB+07)*2)P*4PF)LW=YF-GPNL*+B]#1? JP;/V-:#5[3K<[ MH!Q*TVD-VN+/>-R7#1]J?-P>./U6!S/@G6Y7W#YBE4XTQXR3D"W\P=YJ.YTF M9J+Q4_^R#Y^,"TUP\';+N>AU:9JN,^C8%Z#=3F7X'IOP?J+6H'?WMU<3[ MZ M(Q[PAJF[Z_&,VX?.[H/SO!1 M#9?#/7VP]!'H0,G)2+9A)<.+4P#Z&%%.KZCJ^0V6I<7!%L6)[!4F-24>GN'P M7;(E.1*$N2=6:/?-+U1A/6AINI-IF4)U2X64EHO#.'-DR0Y4&CK1@P$^I9% F_Y0E@_@) MM-LSYLA>/*JE@KD\)<<]?<$*!Q=V0>2K>NR4DOCL.]D;"B2^Z>Z5 :4PHU0$ MB8-OI<]+'+/;L%A[QR&&#@7( ;[SJ![(=W+"Q"0S9[H-T&0MF5-@2(K MZB. 9ED7'NJW18?_P<[-8*I?.I?=#G[@4J,I'6208*#]YZO:,BT.:R&&_,Q: MJC3M4V/FLF1 \XNA?P +HL,Y<%J])GYH.[U65QQ,N^)TX+2E)FI*330KO,%- M!PY..P-XJ!@C'PX)M3CBS:#1T4$U%052 1_.NWK,I<\HK=>ON3K>0N:6II-U MLE!&!J.5O]N9Q1]% ;)7'1^0"P"H4=?#12)OCJ!^<[(Y.;>CY?.U8.8NEQZV M(??2'ATH%@SMPL:M:D2C(_&VL4.W1,Z&?RFRFR@9BMVB:QI.Z5BD%]+#53%V MG*86\"AHY;$G@EM:TTUUD_2D;ANT%.U^X^(W!W0,-&/57SD8M@04NU%\<>=@%49'OGD,NC\: ^G>?A%O>(R"V*%3)IT-_('$VG!!JE M,8/E$C.'CZ^Z6;VZ'"[R:"&4O6#WEP]2POSL-D2.^4[ZI:OOAS"^_K9@&?R3 MP.*4PV7?]F?J'&_,YSZW,J"N^RMA"E57L,L.D75_$J70T5?2@M+MIY$>Q+M$PW'?=2X[/P-F]+FYO M/I[/QO>?Q(?Q^UGAS1*U9$=V'/:[TH-B5M P>SF?WH!N[95JRR]1DLKAXRCH M:>O,#(I6_SI\?RWNR96'$=]H?5;]:88;N4;W_KUH=_L.EB2VNZCVNO3WX*(' M__;@[TMLB(@]>)'-\*23CD&\?I7*+:SM[: M1V?.BJ[L X7>[<(@;?H$1D:38O2PSX[\U(4!VP3A42Y^(#DC=^QDSP6 2!QO M+HP4&_)KQCRH;9>1\-CI-OX- O^-B0_TWE#F41=CX+7U6@=1VHW+WZ!8#)*G ME7$N"\P;@9<#X+FHM+6A<>JH/'XW[0QH4_ - MOIY] [$?R;::9G6.U1*MX))@,K\_RS*"!=[_B_K4!+FZ%'C/K&ED@@X-T.D4 M/O<'^-@%J"I8N19.,BO(S$;2[Y'JA6?2J=E' @575Y0N4%D4JK^#KV.?62&O MST>GKU+5UEGA*2:B V)JPL<[NW"X -"M"Y"9??SGLMD2A]Z?C27J3ONRQ6>8 M0(J.RN]*U'? B'8'_W?8'=H\4Y]SN+WV@.B502)3H&]$L]%MT3_MGB*/+P'" M$*M"V(6'5U0K^XI;(*F$'?_/ZBFE))ZI-0"]TJ?#/]U*$-?9]K(XKLJZSR][M4W(V2'RQWOPEG8PCVUG4P M:$=8=]X>RG:&,8"%46% M0QUN4[P>B/\'3O6H9S$Y 2]M731 M9<,?C+5'!'1P)-VE!URJET'E.OR= HQ1%,\;K<2HVO72?0Q)Z\J^0N#9;K / MMH3:.56(^7O.!"B[! M=37B?QM).&*$#HN_4@K2#00DN:G,8EHZP&O%U#J8UVA^LG/.=&G$((T*[C0& MQO>)^+%*G?+A3UR;<=^-V";DC; Y%LR-G@CN3CIJF28;5F5MGL?-8Z$-,<5C MY.0]1"NL+I-5D3Z3>.SCF MG4&/XM(#I]GKB$D!-:3<=IIO?&\$EIA+.?VHS,\']EKM:Q1Y->C\@2IM2[>LQK@HNM<@%64^Y.A>"]S8WCHK^^T MZ-2??."-Z#6=#GWHM%I.&VQ+&4XV3_/S&4( W^6@2>T1+BXOR8YJ#OH<^1_T M>WOQ._@&^.TWG5ZWF\%OY]*Y:%)PHMETVMW^-\=ON].4_ZV'WP'LM "_^/67 MX[=_X?2[[?R?%GXO>DZGC\"0#P"2\,0[@6?0@T_]"OQB9PS&;V?09OQ2V4&[ M#T9ZOU!ZR*1IE"OC-8TFLB_UE4B&!:,E2%$3(/F*:@%'H>1:(B7U$V_KSJ\I M6&]UF*:ZX*5W8N_]VT @@U87"W![Z,7(^Q_34#?R5JDX37!3\;TO6??'>^$KCTPYV=3AMMZF&Q 1@&G6FB!YL MEV)W( WL.?RZZMFB:%B.,G[U]M_WE!DNOU>'C/]["+&[P M>#P5=2.M2+F$E2PI]#=EN=O"7M"<":;FK T^XLY?;8/"6=-;5A9F<84(S*[G MX/U0K-1;1]X+#,IT=?$.4.%4709W9E[,7W']8ZZ'C)8G'2Q*/ MER0>+TD\7I)XO"3Q7^"2Q-JW%.;>%)\WZW?4(/ /)SM9/GMRP'#'2P^/EQX6 MM D&@JBZE[/R8L,O?O%X(^+Q1L3CC8C'&Q&/-R(>;T0\WHCH'6]$/-Z(>+P1 M\7@CHG>\$?&?>B,BN::UW.[C+8C'6Q"/MR!NC[<@'F]!/-Z"N#W>@GB\!?%X M"^+Q%L3C+8C'6Q"/MR >;T$\WH)XO 7Q> OB\1;$_UZW(%KA,HZ!G,ST(,HV@-VJR_QF2F"I7J7B'FBO M,)SWKWV3SVQUO%AR>[Q8\E_P8LDJ;LX N)1?[;+YXTV5QYLJCS=5'F^J_,^\ MJ;)*CLE++%]3"\5@K_R+QQLOO]6-EU4H,:^AO#6\F/M4*Z3@DG+\P0R\E37V M_9]^K^577H98Q\B_+[S*Y'WF*I/\]1?PU4=U70E79] P7&=:*Q-_O.7E>,N+ M>[SEY;_8+2]5%FF.S]Z]M]GXHAG07R#(4921X MK=;P=FSGV'[^7ZK]_)[&Q?68W6QLG"J^-!"$?9-KV>BSU;%/\K%/\K%/A3^U[WJ56-=,=FGUKJ!%QD,AV[X1Z[X1Z[X>[OAFOW*:W#I.81 MI=2IO?>>7*XM2?6A[)E:Z-8<&Q@>&Q@>&Q@>&Q@>W,#PL-!]FG>8I+V*[M/N M@5.C>V'&B9./O^>R[1EVW*LCQHZ=%/\;=E+,6:BL>":R6R"!3E9*@&5_;#8!KTS"EI1K%.;[K);:J(O -6\B3W6;;7+H*KM1MYL@VX"+6P.L MN.B5M(;NP4,@MS&DU%*QHB(@@=#O-)WF!5HM??"KVFV+IV<_C04&]X8WOXC3 M#WAR9VW;))^PJYK:O(1<_ID;W;O9:K1>4@9X+FZPG0=!0D\-*_6Q_Z+$0.5* M'J8?Q.F;,T+J_Z5Z@/SCX%PU1#/[N'V7TUP/.2AYYIK.?LIS>0X@/IJ'/M>4 M__4:JZ0GV W,ZN69PJ3LK,4YYE4PM(,L:YRP^(>HV%6-VJ!]KZS+RQ;N"^H8 M\\^HC#.P.ZA#&\&R9C#&OC-\L!MN\,#B^+,W9T^!CR^$^[8D MY93584J=^6]:&>U/L,U-8FU.UN?:I/>Y\.EV\2XTD69EQW?T-:[%F 3<[E=6) M7S1@D5JSX% .HAIU@Z^'K;K>B+66O;?N\,"EU1BP46ME>\L9ZVWPH+7OKUS- MOU*SD+64:RJ+Y QF.1=2KNUAFXP2S_]8N^K-?K%MF9\8@RWXSE(<6!-78'7* MXKABK&>+Y(H,#+M4SL+,WI*Y$A5742&*Y088:4YB"J6_>D9]9BF*O[KHKK;, MS)?"6>I75<;E?]"%S1W\=&1 M4%CUK'W?6>EK^XH-;=?IP-I#*Z6XIPRQ*-;R7[4:\:NYIF;985W962T/#Y&L MWTYV9AIARHI '*M@-567FAQ01%A9]G>P[9BMN+.4;+;8SG*D"JKMODWEW,'[ M, .C125!GE&Q55R*5H6<6L5LEJ@HK60K-F[SA6M6L,RSZ/"?4*=6 :?BVBI+ MER@=N0N]9[Q&=/V:.SINI)]2227/?UG-K%3;(3PW1NN8F,61Y:ZBU,\J'96I5K, MK'Z!J*&2";Z^%/QF_[.W.-^%F9LB_L$Q0'7[0BSN5"7%S-\4B"55,/$I+9C0 MZ<5:4U#%0M'8NF3"& ^?.P?XG:NV,-'!PQJ%%)@V584DB,QO,OYT9'_#,N1; M Y_&_:X8P F^$QIH[.^-B\F==84B5A%]%VSPP-\3'3S#=\('#_[]F<.^TW+T MG1#" W]?_OB.".'!OSM""C1=C9*LDM*KP_5>KDJI/ 595J2S1W%:*]^K0NN6 M7)4O1$(/Y\0HKVU=R=*JTA]TS54=;.TI:OK6MDAE_+JT@LB>(E/?9)L5Y:5- MUE!%E4WI0V^C*/[Q_P-02P,$% @ ^'ZH3I7SZFDY @ NPD T !X M;"]S='EL97,N>&ULU5;;:MM $/V595U* B62G-HEC21H X%"&P+Q0]_"6AI) M"WM15RM7SM=W+[K8+J'%34O](LV,GBH #3J.!--@BNMZ_=! MT&05<-)OO[527[]"_C][,YN%C^?7A_B9"YQCY#D^Y0F.EF]Q\/ND M%^'SO"9V0+UXAGH8;KG&W,/DI4T.^@5(XT**_76P@&$G'-"&L 3?$$;7BMJL M@G#*MAZ>6R"33"JDS0:8ZI%%FB]Q=@?P8NR4A M1E;%8)I9]^:T:Z&3O,OFN7=HKXZB137=2/VQ-;,1SK?G#NX5%+1S?E>,]0T[ MJ6NV_0:>' MT]05QVJ>GZ#FEU[G$@0HPG9%FZ/_/Z_R/U9\^>[/);M+Y5#P"VJT7>@$1"Y. M0>3R+XL,^@M]IVOL]8P11>N6,DU%+[>B>0Y>CVW:";ZS+P*V=W5/KV=?%#\!0L#A"NX1EX]/4GU92OF%?-O633OP-EKO;GN]MMKP+6O_DCO>P)ZU M5%NF85,]]MJ=XFS5;CC7V[H7]/LWO2T3C??IX^E<<]6S-Z3FE1:R@4;3\"#X M4_NRWVP2!AV^\I(M!U[?(VROY5C4FJL1TWRBY'XGFL>!YWMD+52K"W/M0\^M M:,16_."KPU:[D4_W4HD?LM&L+BHEZ_IPE-EQ. BNT#ZW/'"E1=7IJ-DR9\ Z M\&[Z<,*OHA5+40O]?> =UFONP5WTK-LXQ.&T/ ;Q5OV?,,KU6E1\)*O]EC?Z M&$?%:W/UIMV(7>N1AFWYP#MU(:Q9$=IHH"%)C'G$LDB1]@ ',\J0;.2,@LQI3HK[.*<$U!#;>)@1?,=*@&&<):7)8\>G#NQE4AR%][4[LI@E?->: MH!-#2'(ZSW*#9X-A9O =JZ%8W!7T[X5AHR:5="*&VNL/1U-H28( +G7Q:(Q[HAQ)P1 MO*HSSD81DT=P&7F<.&U,3"*!8XG\EI_/!A(S2.#8(-:7#WDSXIJ)N@N'621P M;)&?6?"*I$PI9HI3YQDQH02O\GT!C%/.6D[H-SA7^\)IES,PH82O(Y0K4NQW MNYJ;WJPF0]9NR+B63S8F)IC0L6#.8]ZQFC45)_8L(L0$$SH6S#/FC.F],K5 MN?[Y $P%6]J8:!'+L6N>,8>RT8I5>@_!S):U>/RU:!EBK@E=NZ;["I5<;0]E MUI%H*[GO8&+."1T[!Y_\V)6L$'-.Z-@Y.&9D8V+B"1V+!\>\MC$Q!86.%=29 M2IYQ3XBY)W3L'GPN:3^1$>:>R+%[[)K(V2!&F'(BU\KY9:9[C@]S3>38-7^< MZAY!;4S,-9%CU_P^U;TB8]& MP5(QZY81^@O$\>N.8>9\TH"9BV8MC$QUT2. M77,.,UG!,6(-\XO.H&.NB0ZNZ9U^CZ[X6C1\E<(E6FBO6%W-%3&+8WDWNC:U MF?6^KH?0EC53R0X_-,TY3G^*/_T'4$L#!!0 ( /A^J$XE&CD\Q $ $\< M : >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'/%V3UNPD 0AN&K(!\@ MR\PL?U%(E88VR04L6# ";,N[4>#V<6AB)/"7 GTT1A9HYJT>K9:7][#/T[8J M8[&MX^!XV)=QGA4IU<_.Q641#GE\JNI0MM^LJ^:0I_:UV;@Z7^[R37 Z'(Y= MTYV1O;YT9PX6JWG6+%:2#3[S9A/2/'/'O?NNFETL0DC1G3_DJ5W0_N14A_^L MK];K[3*\5/^H#$] M:-(?-*$'3?N#IO2@67_0C!XD0R#CD)^$L.9K+8!KX7LM &SABRV ;.&;+0!M MX:LM@&WANRT ;N'++8!NX=LM &_AZZU ;^7KK4!O?BO0 M6_EZ*]!;^7HKT%OY>BO06_EZ*]!;^7HKT%OY>AO0V_AZ&]#;^'H;T-L><%>" M+DOX>AO0V_AZ&]#;^'H;T-OX>AO0V_AZ&]#;^'H;T-OX>GN@M^?K[8'>GJ^W M!WI[OMX>Z.T?<->-+KOY>GN@M^?K[8'>GJ^W[^@=B[P)JX_4;,M-O'?)Q?"; M-1VX8SKMP_TSSE-O[N\HG=HMP9V?=U?G//4WPEW\?_CZ U!+ P04 " #X M?JA.M&888KL! !D' $P %M#;VYT96YT7U1Y<&5S72YX;6S-V=]N@C 4 M!O!7,=PN4MLR]R?JS;;;S61[@0X.0@3:M-7IVZ^@+IEAB8N:?#JHZU"R_YB-1NG8RRDX:'UM?[8;^T M77;?^U[X3]&Q[G#>6[]<#@&20X+D2$!RW(+D&(/DN /)<0^2XP$D!Q^A!$$1 ME:.0RE%,Y2BHYK/NS\79-U!+ 0(4 Q0 ( /A^ MJ$X?(\\#P !," + " 0 !?D !D M;V-0&UL4$L! A0#% @ ^'ZH3@KO[3+P *P( !$ M ( !F0$ &1O8U!R;W!S+V-O&UL4$L! A0#% @ M^'ZH3IE&PO=V]R:W-H965T&UL4$L! A0#% @ M^'ZH3@#Q$R:K P \P\ !@ ( !G L 'AL+W=O&PO=V]R M:W-H965T&UL4$L! A0#% @ ^'ZH3H+1.H:U! KA< M !@ ( !B!< 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3OD>]M2Q 0 T@, !@ ( ! M7"( 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3JPZ37ZS 0 T@, !D M ( ! RH 'AL+W=O&PO M=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3JO,WUZS 0 T@, !D ( ! MQ"\ 'AL+W=O&PO=V]R:W-H965T5C2M0$ -(# 9 M " 9@S !X;"]W;W)K&UL4$L! A0#% M @ ^'ZH3LWX_)RU 0 T@, !D ( !A#4 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3LW"/!W 0 -P0 !D M ( !<$$ 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ ^'ZH3DXG[_W. 0 G 0 !D ( !1$< M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M^'ZH3@Y>#;KA 0 H 0 !D ( !*4X 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3O4VV9?9 0 ZP0 !D M ( !NUL 'AL+W=O&PO=V]R:W-H M965T&UL4$L! M A0#% @ ^'ZH3O:?+0,& @ @ 4 !D ( ! 6( 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH M3O@G'K%] P [! !D ( !-&D 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3MUJ?FVV @ S@D M !D ( !KG0 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ ^'ZH3C=9?3]1! K1X \ M ( !'K 'AL+W=O7!E&UL4$L%!@ W #< *\PX (2X $! end XML 59 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 60 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 61 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.1 html 126 206 1 false 38 0 false 6 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.dxpe.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Sheet http://www.dxpe.com/role/CondensedConsolidatedStatementsOfOperationsAndComprehensiveIncome CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Statements 2 false false R3.htm 1002000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS Sheet http://www.dxpe.com/role/CondensedConsolidatedBalanceSheets CONDENSED CONSOLIDATED BALANCE SHEETS Statements 3 false false R4.htm 1002501 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Sheet http://www.dxpe.com/role/CondensedConsolidatedBalanceSheetsParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) Statements 4 false false R5.htm 1003000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Sheet http://www.dxpe.com/role/CondensedConsolidatedStatementsOfCashFlows CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Statements 5 false false R6.htm 1004000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF EQUITY Sheet http://www.dxpe.com/role/CondensedConsolidatedStatementsOfEquity CONDENSED CONSOLIDATED STATEMENTS OF EQUITY Statements 6 false false R7.htm 2101100 - Disclosure - THE COMPANY Sheet http://www.dxpe.com/role/Company THE COMPANY Notes 7 false false R8.htm 2102100 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES Sheet http://www.dxpe.com/role/SummaryOfSignificantAccountingAndBusinessPolicies SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES Notes 8 false false R9.htm 2103100 - Disclosure - RECENT ACCOUNTING PRONOUNCEMENTS Sheet http://www.dxpe.com/role/RecentAccountingPronouncements RECENT ACCOUNTING PRONOUNCEMENTS Notes 9 false false R10.htm 2104100 - Disclosure - LEASES Sheet http://www.dxpe.com/role/Leases LEASES Notes 10 false false R11.htm 2105100 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Sheet http://www.dxpe.com/role/FairValueOfFinancialAssetsAndLiabilities FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES Notes 11 false false R12.htm 2106100 - Disclosure - INVENTORIES Sheet http://www.dxpe.com/role/Inventories INVENTORIES Notes 12 false false R13.htm 2107100 - Disclosure - COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS Sheet http://www.dxpe.com/role/CostsAndEstimatedProfitsOnUncompletedContracts COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS Notes 13 false false R14.htm 2108100 - Disclosure - INCOME TAXES Sheet http://www.dxpe.com/role/IncomeTaxes INCOME TAXES Notes 14 false false R15.htm 2109100 - Disclosure - LONG-TERM DEBT Sheet http://www.dxpe.com/role/LongTermDebt LONG-TERM DEBT Notes 15 false false R16.htm 2110100 - Disclosure - EARNINGS PER SHARE DATA Sheet http://www.dxpe.com/role/EarningsPerShareData EARNINGS PER SHARE DATA Notes 16 false false R17.htm 2111100 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://www.dxpe.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 17 false false R18.htm 2112100 - Disclosure - SEGMENT REPORTING Sheet http://www.dxpe.com/role/SegmentReporting SEGMENT REPORTING Notes 18 false false R19.htm 2113100 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.dxpe.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 19 false false R20.htm 2203201 - Disclosure - RECENT ACCOUNTING PRONOUNCEMENTS (Policies) Sheet http://www.dxpe.com/role/RecentAccountingPronouncementsPolicies RECENT ACCOUNTING PRONOUNCEMENTS (Policies) Policies 20 false false R21.htm 2304301 - Disclosure - LEASES (Tables) Sheet http://www.dxpe.com/role/LeasesTables LEASES (Tables) Tables http://www.dxpe.com/role/Leases 21 false false R22.htm 2305301 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables) Sheet http://www.dxpe.com/role/FairValueOfFinancialAssetsAndLiabilitiesTables FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES (Tables) Tables http://www.dxpe.com/role/FairValueOfFinancialAssetsAndLiabilities 22 false false R23.htm 2306301 - Disclosure - INVENTORIES (Tables) Sheet http://www.dxpe.com/role/InventoriesTables INVENTORIES (Tables) Tables http://www.dxpe.com/role/Inventories 23 false false R24.htm 2307301 - Disclosure - COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Tables) Sheet http://www.dxpe.com/role/CostsAndEstimatedProfitsOnUncompletedContractsTables COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Tables) Tables http://www.dxpe.com/role/CostsAndEstimatedProfitsOnUncompletedContracts 24 false false R25.htm 2309301 - Disclosure - LONG-TERM DEBT (Tables) Sheet http://www.dxpe.com/role/LongTermDebtTables LONG-TERM DEBT (Tables) Tables http://www.dxpe.com/role/LongTermDebt 25 false false R26.htm 2310301 - Disclosure - EARNINGS PER SHARE DATA (Tables) Sheet http://www.dxpe.com/role/EarningsPerShareDataTables EARNINGS PER SHARE DATA (Tables) Tables http://www.dxpe.com/role/EarningsPerShareData 26 false false R27.htm 2312301 - Disclosure - SEGMENT REPORTING (Tables) Sheet http://www.dxpe.com/role/SegmentReportingTables SEGMENT REPORTING (Tables) Tables http://www.dxpe.com/role/SegmentReporting 27 false false R28.htm 2401401 - Disclosure - THE COMPANY (Details) Sheet http://www.dxpe.com/role/CompanyDetails THE COMPANY (Details) Details http://www.dxpe.com/role/Company 28 false false R29.htm 2404402 - Disclosure - LEASES - Narrative (Details) Sheet http://www.dxpe.com/role/LeasesNarrativeDetails LEASES - Narrative (Details) Details 29 false false R30.htm 2404403 - Disclosure - LEASES - Lease Expense (Details) Sheet http://www.dxpe.com/role/LeasesLeaseExpenseDetails LEASES - Lease Expense (Details) Details 30 false false R31.htm 2404404 - Disclosure - LEASES - Supplemental Cash Flow Information (Details) Sheet http://www.dxpe.com/role/LeasesSupplementalCashFlowInformationDetails LEASES - Supplemental Cash Flow Information (Details) Details 31 false false R32.htm 2404405 - Disclosure - LEASES - Supplemental Balance Sheet Information (Details) Sheet http://www.dxpe.com/role/LeasesSupplementalBalanceSheetInformationDetails LEASES - Supplemental Balance Sheet Information (Details) Details 32 false false R33.htm 2404406 - Disclosure - LEASES - Maturity of Lease Liabilities (Details) Sheet http://www.dxpe.com/role/LeasesMaturityOfLeaseLiabilitiesDetails LEASES - Maturity of Lease Liabilities (Details) Details 33 false false R34.htm 2404407 - Disclosure - LEASES - Contractual Obligations Related to Operating Leases Under ASC 840 (Details) Sheet http://www.dxpe.com/role/LeasesContractualObligationsRelatedToOperatingLeasesUnderAsc840Details LEASES - Contractual Obligations Related to Operating Leases Under ASC 840 (Details) Details 34 false false R35.htm 2404408 - Disclosure - LEASES - Lease Term and Discount Rate (Details) Sheet http://www.dxpe.com/role/LeasesLeaseTermAndDiscountRateDetails LEASES - Lease Term and Discount Rate (Details) Details 35 false false R36.htm 2405402 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Narrative (Details) Sheet http://www.dxpe.com/role/FairValueOfFinancialAssetsAndLiabilitiesNarrativeDetails FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Narrative (Details) Details 36 false false R37.htm 2405403 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Reconciliation of Beginning and Ending Balances (Details) Sheet http://www.dxpe.com/role/FairValueOfFinancialAssetsAndLiabilitiesReconciliationOfBeginningAndEndingBalancesDetails FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Reconciliation of Beginning and Ending Balances (Details) Details 37 false false R38.htm 2405404 - Disclosure - FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Quantitative Information About Level 3 (Details) Sheet http://www.dxpe.com/role/FairValueOfFinancialAssetsAndLiabilitiesQuantitativeInformationAboutLevel3Details FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES - Quantitative Information About Level 3 (Details) Details 38 false false R39.htm 2406402 - Disclosure - INVENTORIES (Details) Sheet http://www.dxpe.com/role/InventoriesDetails INVENTORIES (Details) Details http://www.dxpe.com/role/InventoriesTables 39 false false R40.htm 2407402 - Disclosure - COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Details) Sheet http://www.dxpe.com/role/CostsAndEstimatedProfitsOnUncompletedContractsDetails COSTS AND ESTIMATED PROFITS ON UNCOMPLETED CONTRACTS (Details) Details http://www.dxpe.com/role/CostsAndEstimatedProfitsOnUncompletedContractsTables 40 false false R41.htm 2408401 - Disclosure - INCOME TAXES (Details) Sheet http://www.dxpe.com/role/IncomeTaxesDetails INCOME TAXES (Details) Details http://www.dxpe.com/role/IncomeTaxes 41 false false R42.htm 2409402 - Disclosure - LONG-TERM DEBT (Details) Sheet http://www.dxpe.com/role/LongTermDebtDetails LONG-TERM DEBT (Details) Details http://www.dxpe.com/role/LongTermDebtTables 42 false false R43.htm 2410402 - Disclosure - EARNINGS PER SHARE DATA (Details) Sheet http://www.dxpe.com/role/EarningsPerShareDataDetails EARNINGS PER SHARE DATA (Details) Details http://www.dxpe.com/role/EarningsPerShareDataTables 43 false false R44.htm 2412402 - Disclosure - SEGMENT REPORTING - Financial Information of Company's Segments (Details) Sheet http://www.dxpe.com/role/SegmentReportingFinancialInformationOfCompanysSegmentsDetails SEGMENT REPORTING - Financial Information of Company's Segments (Details) Details 44 false false R45.htm 2412403 - Disclosure - SEGMENT REPORTING - Reconciliation of Operating Income to Consolidated Income (Details) Sheet http://www.dxpe.com/role/SegmentReportingReconciliationOfOperatingIncomeToConsolidatedIncomeDetails SEGMENT REPORTING - Reconciliation of Operating Income to Consolidated Income (Details) Details 45 false false R46.htm 2412404 - Disclosure - SEGMENT REPORTING - Identifiable Assets by Segments (Details) Sheet http://www.dxpe.com/role/SegmentReportingIdentifiableAssetsBySegmentsDetails SEGMENT REPORTING - Identifiable Assets by Segments (Details) Details 46 false false All Reports Book All Reports dxpe-20190331.xml dxpe-20190331.xsd dxpe-20190331_cal.xml dxpe-20190331_def.xml dxpe-20190331_lab.xml dxpe-20190331_pre.xml http://fasb.org/srt/2018-01-31 http://xbrl.sec.gov/dei/2018-01-31 http://fasb.org/us-gaap/2018-01-31 true true ZIP 63 0001020710-19-000041-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001020710-19-000041-xbrl.zip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b?!,BI<$PM/ MQX^ \HAS.D_ID?#CC/;(,L,=Y^>/C]FVVMA%(X9NB_\R2\LX*Y?KO-P5:2> MEFD2C]B!!SP'(42_1;#"$-NF&SN\%>S5&M68!]CCK(+W%TB-/=3)!GTA(OOB M=2T-,H\^JLFWXWA<(X-*^_)>4$(0^('IX=AS8. B[(#(;T$ A,#B:UK-RJ)"*-\H/I*02SLE(J2R'O%IZ77Q)-MD_JQWL[+ACOLY6U3<4TD?Z MLJ=-[=/K^V839[*^H3])'U],&('MAY[I^("8,201#=]"5&'#5/6#@#?Q,0X8 M?0IPB/_">.%!I0B'/K!4:.>%L7=CLAA+"?D]DC%NX\Y#24;V.9^R.XGI3GL5 M;IR6RR)[:E U5>2I#GZD8)D2[O4/0 \&&+F!%T>A&0+/-V&+PS=C1RR,4V]? M>R1W\_G]>_#I/XUK8MQ<_O;ADEPB\.'6H-I__?E#7=:+QG?P\\WE!WQS8WR\ MOKH4C_$TM N?]D_;(&(ZWV(U#L!6 K^':[1X)XSVA"GM46]]S3,/I=;H7S[6 MBRYX5"8IV,8;MO.J.M#8";Z';1CAR"7$#$T261!"KPXT'=,)7=[DE_3S-9YX M:""Q_9E&!6JR:.L4.WTG#H82.H^>-MR-X[W_:GCA7L9:/J2K':N+/ <5HTQ J$:M[KPJ![":R!797' MR!^?=ONI4(6[&D,;Y$;769_:SBJX8*:KG3B7TV;01(*+;0>M\UHI+]YHHM\K M[,9T2W)R'/O,I9<=7*48&K?R\R>_*M/C*<%UNJU..Z5]5RE7A71#BVY$#($(DQ)#X M ,.ZCB! @>\$@8BRCPY.L^0S?XS*H0OCP"6C]8F=-NV\JB2FO# .'3,JSXR7 MKC7*#2=^_E,>J+D" :? M&W35U95%M:%F^0R^9^6"( L#,S!M'&+?I?\'4-19]DDL-2@-L*=YG#G 973 MZ.R>0I,=)8:0*RC\(_$JIN52E.I5XM,\\8BK I9GIII<7"A#;Q[ A; MEN5;KH>(Z8/6M!E!H<,12@Q.HWG5L>0&Z'"Q$V=97NVT$JQ$[@ZY-7ZO4Z$ M%KHND)RV2EC2+',=(J."-'2J*D.E\"15,XMB6B9(H.Z)Z6MN^*:D SB=F4X- M\^7T-'0P0Q,L#!VC;L)(SV>7%(4$F1BCV(0 A*3%[1",)EHIDD0[6B#([IE^ MU=V'37RG:^+1UX1&:%W9*%2J8>>^V/,VW^.L_@QLZYF-*-/SH6]]2$E+G1O9 M5M^?TL6Y>F9-M.^Y;A $3N18P(VLP &Q4Y>O +'OQ!Y7:E6E/&J=@54_?SQ)Y/,>AC>)4O=X_MP9?9,?T"W1BO\M%8ROQF(V1D.LWX M*,#$&R.<#AZG':.T>)3K>^LFFP%=99OT%TDR2!MV#T>9&>%T ^(3]VV\]]'M6USSA3)_'7 MX4\W6Y*@0-\$2;8])ACK4+)>[M;5EY_R]9KD!:L!N@A@Z!$S]($7LJ':1[[M MM[B19\MMP9L,[7CSL?U$@17P!,MEL:N*=QZ$0Y,-:+)-/?KH-D(KSV&H8]>7 M=XX:OS-7C<;7'W?D>[OMQAD&![XW?[HQ<2@?^@9()2TU9*L2JXK["F/Y$F3Y MTJ5.VJMG+6('8. [4>B[-K ]X%JNVV*-' >(U\N8!J>(:DK7T8!=K8R[A/YB MF;)+U>-T624$#,>Z,)@R#=\;-4*SRF^FFE=;*ME]5561?V.D*U\-=:^&QWVD M5#UV^BU;@YM'<(_7>*_#S :V:3C@V$4V=HOH'L!.0/U(^_A#4J;E3;).R\NR MW#%%+F_2[79]=(&6$T'3]UP;>Y9CQHYC8Q1W_L21W/'@V7FA>7H(EO_89656 MO3W5'03E'N,X0]X(+X+>87%>[\!LALX+HV/@POBY(H%5:6QY8#_;4_&7R2X, MFJS5-8S(X[V)/_:H/2)/BD;VL5MVZM%_ 9$?6K$78QC:'K)-&P#)QJV# M 7=A>K'K(T3'6Q):3N1BU^RFV5;HR9U%&!^FYK'K9B;33*&6FV3PTM5H,QJ^ M>%Z&'V$ ._!CO"%,YOWX4PYB4D3H'<;DVX;K!,(G^N@.)EC]UZ[) M(A0&/K0 "F,_@-!L;=(Y(-?=N&HL:1Y.;O-MLC:*0Y1&LH?Y5X$=\<-)[1\F MQN=33.E?0#,.L/&DZ'30*7"T8%1:I0X5'/5IOG,"Y]PZ=4) &1TS.!N@SI=< MQPLSZ?3CMR3;7.5E>;E9KG>K='6Y:>\#7A"$D!T /T#8=CR(8X*[72L>AG*' M!"9'K7O/Y /]+BV-;&/<$ZG@1>\4 M25G+3;OC$E@>!,@);(=8.*;Q0@B[L0M\[2 M/Z@ULMMJ^9ZVW$.[SS+Z,:1P7GOM>)OUQY8X11R,LM=.K$5T'*VJ8]C+S>=- MD2;K[)_IJE7:A6E;P(:FZ0&";&@[=D0[1P,.^L31=7YJ "3=Z:,'JD2/K% < M*]*SK9))+*ZG^6^ZG%KJ.AM56D[-@!54?ZP?7!49YRFZW7QD.Z7KW6 MRU_T'=D:\@H)3BSF\_;(SQJX#U_5GK!78._+X11AON>K3K>!HD-4"AIY9H/< M2$X/. ZEC'/Q2G^7FZ]TN,V+9T3QT*^.ZE2%;N2$D44B9%D@"B,'K9[!'>I4WPCS$5;U;)POK*>6-6R ?\F)[FQ:/5U2R4Y27K.:J'Z+8 M"Q"(2!0AXMO(KFL5AW[H B@DA>*/URUZ#-$[^H>/QIIA,M+O3^FF%*U,*D$; MIYCI94Q0MO9D57"H8E% (VO3*T+Z5$B>O9GHS0 'CI5E*!>\&G+]5%WIL?FR M-^1''C43>5[H>CX&KHNCIMYY&/B10T0T1.+QFC7DFL[2"R-O<35"LNSK&LJ( MXU,1S9R)J4@'9CH1>(C+$@5S9BR0F(@?/-QW+B0+3I=- 5G'1 M"V'4/C\P33H58TDS/NW@?ZJ09'0 !'>-#9<, 9KXE$(/0V(",9DL\*B!.$'S M$ $)W/G05T-P[I%^84L@G](G&JC03A%GY7*=L\31?M9#]5C8(R%9?$V+NYQ[.J+ HD@W. 3''W3CW][C#[?&)_SQ^M/MY8??!*N;X"BD?!XZI=2CXRF0@ 8!@H8F3+@PCIJ5)MDDV MRXR&3@>0:8_^DA35W@Z4/SXEF^=_*8W&"^E4M>)F$LU<3]="\HGLUP)[@/J" M%89I/S&?_+80SUSI;CTM-Q-MUNWER62X3E9Y-?SE+ISK^VXN_+':DLV6+0FE MK%6>VYS=;YNOLU6R35<' PR"I@M"RR8!CAV;Y=^:Q+T%_<@V121])$@C*OQ+ MC]A/]NFBR\TR?TRK?3'UBU"I2.O<_]?>MS8WKB-G?\^OX+=LJKP)[R#S(56X MGDR]YXSG'7NSV=H/*HU$VTQDTBM*/C/Y]0%XDWP1#8 R=E*U=1XE0?6)7YG^EQ2A[@LPK$;HB0B(8J8"_QN M(42I3T:M-<:4F+*LI=\??-IRC?.[O*:2QI2S"'7D0F'./WI+PRRN&;L8M$XX MY_[%4[\LT ID;]QWRZ1W\V9^0.B6<)6E\.YJT9=L?_.P/D\X80*)CS"7P<+( M Q0$V&OD!7X2A$ MI:TOQWHBF\*OGS]]_N7&^4*_.C?_#K]2A\!;J$:U(W"4 MX])I %0CRTXGAROEU%K-F+"^"- R8T'=1DL9L".TO1P4^.A9E-\<^"<5S<> MZ+H-)( DQ$MP%%.*7>;'#*>BWMH+*?-9('M?6_?C[SUEQS$3<(-ZS$I+$'3U\K Y'Y/YWQ;YJF0 MZ @QEKE2:":2'Y4Z9X[!3HX:)X)-C0$[Q&JUZC9(G6*.T&Q:EKN,T "9&8!U M&9QEPI#2^)!38Z!?]F55-3G^%40X1"X-:(03$M $@33N) 0A"E4JC54^UW*M M<:U*VS=,C6*4P)'C%%NXJ)%( \F784BL,,:9_0,4H8/2,CA!2_-R_!A1+37> M\?^]_R4KLOUZQYD&;A_S(A<[R4/^G-'F#N"*0$@8\OT@39C+N$24PDYX2F.E MANJ&1-K>NS5:7CGWC9[U KM^H6EW0U*UM,X0Y'(T,P/::@S4 _W+&= OE73H M!U=1+=4CRR W6))L%/IET)IIH]X4)EO 3/F^9I-9J]MOI '!$"+7X^)"ABGS M/=Q) @0J7;K2^7S+(5%722:R*.TEK*&7C.S>03S!,C"KQH"XC"DTRH)+UQ"U MT9 _+^&K:%8=NBD8\ZB#D93X,1>7^(R&).RDQ!&!:J>UJI]N_8RV4^C#-@B6 MCDA>P#%X-*('W#*F@K;V;XY"QJ"@=F1XN_[>BD%\E1*A.:)!+'* *09AZL: M>+@/S6-*?=6IH"?%^I3@&Y'GO!)%2J+P.&]6CH-Z-;$VC"HGKW;QTSIYY2IU MD:SSAU:KB1O-7<#FPZ-7?327PC,CK7CWZ'4L*K*\#1[PJJ2CSTBUG MI<1$$8UJW_2T+5ZHRR=3H^^TTTD9SH%99\\URYB<%NTKIQKDJJM8=I?M]]GV MYE!N_IODS_DV*[;5JRJF3X]/HH:)"X((>7X8$QS''DM2U"ZD(I;W([60VJCH M">+L5ENG$NHZVU9?M2C;+-QRH?=L.*O%XR> :SV=7M&K[JKDJ4BR47;JL$0> MQL' Q8(WEL&>=DQ[$_Q8PT\O/'I>Y[N&N''Y^%@6M5X/Y8Z#78DVTIL5CGA@ MEC ,/,P\X!. D[33(@$T4=D>F)8]V1[B;WN;I6.^!>[W<"7!^S59$=U),K'WRHU+1,FVG9R?_[2ZU(@K2, M":*C^$!J1/H^D[4/],4^6D:09JRT/4#Z(8LZ)0E+E/*O\RDHN4D M#3X^'G=-X^@V''24)'&O*-B&8O$W""\+A59@D_D[\.\T;.3 MV+Q2*AK2B YH7">9E&;D1D'@$C>@+/'2((3$)YV6*(F4-L93ZV9YX_R2ZCZ( M%9?A++FE:CTZ)RY?1V.:UA#GR5"WEIF_-IEH,BPYX96(CF&@/+ M6(%FL_[-9:8YO:#;F::_4,_\V L8A3!P(Q='- Y#W*<=D-J1L[80RYN6OK/* M$X]^ZTRI\Z_SME.1Z LQ&LQE3-/Q9GS02T43%]V)TR3K4HA1&L(D!DD$@>_" M"/$T MRUG N[ H<(T:C,LD&D4;/F 9'41T*8;DN^,AVZY0BL1Y*P0HBD,0QLP->FD! MHG ,R+)IM9J7;EHE% A'%&O]G.W7]]F+*HS**8^'ZK NZES%Y8W&M$X9$4]-[ ]#$5=]6-'J?>4T M)Q]GJL_6(5 38M7HS:#3EDFVQJV4B0"-HRI+UAWCP(9P/A\?OV7[Z[M:L^KZ MQ#=-G.J&&,>,$0\QWT^]A,1I?^@>03=1JS V*]MZB?%IZ]K0L6(8:1AI.=Z= M#V(UMNT7OE91I]&T?ABJ6?O.E)UEZZN$Y "IVO'(,JC4DFWE%&/:"&VV'/Y& ME16E((*1&P;8 T$,(\:BDQ8T BJQK6G9$V[%31*G/M:CJ',2F*V2YRQ;>44T MU0ETM%\63:'CK9,C44,HCDL5=!%O"E,?^ %**$,4(X0(]9L>]GX:IM&H/*6: MI"D.18QLZ*6A&[-MMX&:JB).PTX&B5*G4P:SDJ=.5[^0I9<*^OZ,-FZQ'EC%C+=DV:L.FAJ#6 MI= 5]1FE#(0)# &%02RUS[:>IQJXU$G^\XM#14'8TSZOLN;J M]C_/>)UP8-KI@;J,::6I^]!%/T4$Y$O&"S[&#CD?'_W-[?[2=E^N'H3+26<(0T')A^_08JX7OY_">^DJ< M=928Z\Z/%'"#E=,F@5\&F1FVZ4V5LWG$;#6*B!#A.PKF0X\1+-(?(4@[+4+D M$OTN6N-E6R9$0XTB_LX:%,@Z91D3V9IU(QL4J*$XKKZ:!8AA0CP$B =#%\ ( M]$02T4BQ19:>#.L;@"_];83U8WDL#JI5D LN'9;%=ADS;J0-4J7#:HB,+!WN MTVZ0Q7Q#PK?I*?(]ZM($,-1)]0*UMTW&RIKF_')D>EX90+T$O4WLQJ?HNZ/@ MI23I7Z&E7E>LC/,R>4G;&KDZ8TV4%#K,[^NNS.(4QRAA4:L55S,,5+C,MBZ6N0Y6U?&13]!-KZ'8AF\& MLB':51W6O29'H$MRF!K!GFG>]XIKCE]>7U^OIV'])-3=7;:I,ROXA8-?]?:< MO+W^& \,D/94OET&J4]F[=NV_A.B;*M +X*Q%Q)*(D_K$X-=>AT%;@Q4 M>IV8EJU$^NJ]3&[%CSC;CB3:,]REG=M.4"DFZX=ES'=KUHVL%%-#T7RNMKO< MYJ($Q!2X+,0)9I2$#'7!)N*4H_0>KWGIEN>TL3/@J9PA%ZW-ZP>U^$RGO>\L MI;G*H!K)H*LZ:!FD:]$^[2RZ'I)CFP@0W_63$*2!E_@!]CSHI4$GC1 8C,ND MRTKYOUSZN'OQLO@N8_:-MD+R7KP:*A_-I.WWIVQUD^V?\TV&,['R5K]E(HA: M!;[O^1YS T 030B")&E/OCS/0X#*S2']S[<^>VZP[,001HCAGKI!.]@OFO7. M,!\/P;P#W(#^I:G!H#"H/Q5%^5PW;?YR?'SB,^FF%)O(LNADTBCT@L1#)/11 MXO%5B:%V+^#Y(0:>P@ ?+%X]4O#8T>9<:H8+'MV(F4CYRK5BR&4> S3 ,( M4.PCC_E1)PLD"5.D#0T)^@ *$TAEK$SP",?P6::2=XB,DPG(Q!< M#*>,L>$ML8Q&1.&E,B&OC7E\GZ441)$G'N8F($(!@:V,(/ #I6(?M4^>B$UN MUKM,\:5&183DCFKL@:-'%W]M-)FXXO %"@/Y63VTEI&5U=3][=-NV@A()JN> MLX+C]..W=;&^KRM66O[IMD.!%[@!BBAQ8Q(SUT.!>Y*9I#+48$:29:KH]7-. M"G9+J21U&$)TF$JF!U.-6H9P_)AO;."Y+3?'NA1+I+86A.L+O8S@.SK3.FS] MY4RK(=06D&]+.$>HY)_T4R&,LE!*L.R&*:NQ[&4 =&AZ+I (= M3XBH'BUK#$TY?AZV_!)/&\)K 7QMRI+2_&A2[NY47[S\"4N MX>0;OHS4ISH>0"E,?)3ZOAM &A,/]A$Y =13;.]D0J1M5F^U='[G:CJ=GDT/ MT:JY$5?KJG26:QIUN3SK#( K+@"&L+;5\$D"O8'$K6'XEY'1-6W4VYY/YC$S MQXGM:11*(N2'E/IQE$8$DR2B22<>N53J_-FXT,7PHM(YM7GL37&C!=AML:.) M(VX+_'CQ]-N:$WX6CE0U2YDEM7"3Y4F6?^>QZEZ4D;>*M*%JXB:4AC&AP(4Q MHC3&$6O%A4FLUBY#6XAE'JSU^N.34,SI-%.C.GWXY*AM$N34J.P]T&8Z=K^$ MS@!-C09T&;0TWHS2\$!3HYW;_#&#Q?:W-9^U^7I7O1(:ACCPF$\BOD\...M! M2' GE!&D]([22%&6*4AH]\=UL?WC8Z>?)A.-152.CR8$4XV5!G",7\IR^[)TFDL%,24P9)%/4>PQ M[/F=9#_ 2MM)$_+LTY?8M8@FWJV2XN]"33ZTM*Y*& 5;FM0FQ5F9V<9#;(OA M/L)MF.:,H;X8KC-GT5O",XR6(=9K=ZDY2X M#.;32J 9@MP(^UE VPK_S9(WD\).GP,5L?\I6%#5)C4>U$),F@E;F?ML"P]? MRKPX?"I$(-H&GC1@IRC;WG;1SU@>GUL_) M"T=HJ,AT(R&5I+CIT%3DM@$@Y]JV#F(UQ&5F0%X(B1DRYC5[F<1(@[:NG[/] MF3P6N0&)&<%I%'-9,/#C7AX$2"G'KR]E0K(JN6;C6$H5066"L@B>/C?UN,U/ M2B_QD>,C34P71T6Z=EQFH5'(R!+0378ORAZ_9D_E_L"CMT_%7;E_K*L@O^S+ MN_Q0]S[LG_JEF*8)!1YB 2(0I3%$G0[83:4JCNU(MDQ4K;).KZUSINZ5TRC< M-1F5>%MC"E_(T=M\;E"C/-,>L,*%2F .\*,=IRR#,RW95DXQK-6X]6OVG!7' MC'$(WJLDH=\WNZ/HUPVK*N._MN*9Q3#!T(M9%(2,N@FC/B.])B"&H5I/5QL: MJ$QQK:9E33/\5O5IYZ\&7@.SV";ZRYC+5BTLIQO+"G>RKI^R_;IA%-$:^B3V M41#-_S2W6O@FT<-1F":A"V%":!(&[0/J7HRC-)&^F65$FN78J.VP+D:'4S;Z MEH7*35@SD Z'._.@J1;B].JU[P9<.5FGH6A]W:LX.;0*5[8FAUCOXM9KJ!T> M'3C[.EBH7P>HFO"ANN !<=1^&Z[OS9P/HWX[YX4T;3.*_#)"/,,VO=ZF64!,/O6U MS[,*O7P+K4NVA1%$%$=13*(D06X*$&XE\KTA4$QTZ::QD.[$*HR8E"&T&U2]AXY,,#4*U84PDQE;+@5/!A"2?HOLI:BVILLC4S3+)2Q-(D0\ZL<40Q(1TLE)0J)4"*7^Z99YI7V" M5&/3I0&4'(W8Q4B-0LY?:)UI4_4&C@'JT(=N&;0Q0O\WG1/&(2%+%W"[S47> M=KW[LLZWGPJ\?LH/ZUU_/YH0[($ X"!-7!1[).SR1A!Z0.H8SHPDRS0B5/IC M7CB;1BDU)AF)H1RK3 >?&L.<]'(Z$%O59N*;0: &N,<,P,O@(4.VE#:&H&H) MT(''2MFV>^:V*R;'.$WY?@Q!GW\Z(CYF82<,^$2J+?9($989J=/*R5JUU#A) M%SXO9LLSD^'G?K M0[:]/CQD>Y%#VF;@[2T.,8:4LCSFI MEGFK5M0IA8ZKY#R;=W M^SH)/<^N3A:UH1V><>270786['J]\[.$G"P-1R](@] (7!@R0GHQ#WU.[!&):NLJ\U;H TBGL_*%3^9_$ MQ?OW2P6%YDZKNN)IG'&WR#'HG/Y0XU$+CK#"KHJ(#G"L+=\L@VFM65=.,\)5 M"ZE>R^1Z-27?7T3%=UFVR!-$2B[SPN1YG#0FO^'_*N0IHJ+3$ Y6(4TJ:^6 MP1-3&_VFKFD&S&59A>3/^38KMM7+DM!5G)( NV$ DB#R21"2%$5PKG;>=BL[3.M^J15[:(,I%6%;1TXJD M>HVN7M>*3\N7%Y 9(,"Q6"Z#T49;49H=8:I5#O]UK [UA<3;\L(QYLW#>I\A M'FQMQ>Z6;VWK^VQ?.1'N\\VAU>]/17ZHOF:<4ZO\D+5]^;[4:__7;%/>%_4G MK^(H=CV/0"]-(/1PS% 0MRU+992]);*A*.KTI+G%-IR953&_S';\)BY]SD*^=D=%OV)LP6W53? M_ <4>R?Q RTB?;_5!A/G#)2I2U@F]?A@4A>FHNXA>- M:%+1M^OO].XNVQQ$JY/W[?J<'5;(BQ*6K[QU]M_A;G^LZK6X$EH[#0.O!9.J'KQ-[4[5U79!+ARY MFGZTF+8-:(2?&Y.:7C27UUANV%PKHA&O2*UXT_I_:2O:Q-9?7+'F\()2@OQ3 M51VS+3GN17:M7@K_8[T[9I^SW^O_J584A!%(?9>1U$N!RSS^[WXUA(E2$;T9 MB9:K,H06(I,MVI/4JT3]".A&^Z:.(9CE^']ZA-58O=FZ- HZC8;M?N7*J944 M[/Q[\PV75V1[9PD?0??148$QZ)=!J(9M>B_1;Q@QZ8N&345(_IS5+9=W-=>> M>)NS[O4=9^=&H]<'FBL6??J*]YJM.L5.0Y=CD/4N/7,%V>*.R?-Z\BW?JUG_?VJ2Q.]4^0Q\0W+ M,7 /\/$T;EP&3T]DZ^M;GA,B/''5!TU8"J*$I"!%/G!AA/WN.AC!$+EMU0:CLT":9?@/_%^YAR$W+8,\IC;:3KF'&N:R=,*WXWEU?0 +,:AG\9S&G:J-+JD%6\69K]?B9X7Q;\KYNZW5AU00WFXAAA'KJ1)$:4 M_XE^\5%_Q3JIQ)\B1 MY:SXJ]&F2!=>1'LY!*J*Z "56G/.,DC5GGFO+\3:Q5'J.9$!'3Z7A[]DAY90 M7JO"0UN< .*G)/'LA_.X_J'DS\^K3<'\6^' M?R??Q?]CY=SEQ;K8Y.M=^[8*_\!_=IK=?<;79KZE=_B6I^!C99<_YF*<',HK MYV_'-?^ NWS3O[52?RAW0EW]6.ZY?H<=VJ[HE_%VV+9KR*!7;V6B"$.^ZI*[?D>A\EV%Q'Z%;TV+'_Q;\J*ME+AYR++#*U4QB@)"D!O')$%) M%*8>8*VJ, KD7G.:5<&9EVEZ1AWOKP9MLJ&Y,%(66W$7M_[_B@=JV_I#6O.= MVG[EE7V.42&[YB]\0.A$ ZK^/S=,C($7SC80*\SA?M4H8N'#8/;XHDYWG@^2 M;^T@J83E1J(/\RX8C$MF]/A2(I8Y(7@3R\SN#X5.EDOBA?/M#;1'V5I>S.Z1GQR5S/40]@-% ELX$LLO(TAFQ MY&U30D/HC)A,9\<3;AHR-_"B"%,_\D.4P+03F;JITK7*48(LA_"?/N/KWZAS M"_^3WBBW9QT!GS89V4'."!O-=FHP!),:(:FCNUA&TC#E8TK2Q4?Z_=;ZMGG? M]IK+_LJ#$A%^Y,61QQS73]F^#L2K%8U9Z#&8@I# )'2I2U,WH8D70@B"U)4Z M*; @UC)?]9KRC4 ]"0^B?0A7MFDJL>E5=LI>9\5'8 VZ0([E9D)?C?-.P)^Q MG]"S;F15;/)=WK;O^)+M-T,W2^T\(RN-X0 A6G#$,NC1AF&O7Z&UA9U:Z4KTC$$I!0/Z0P M]GS* I!$-9?3"+JIK_2ZB44U+%.KR(TX?\B^MY>[G,!YY-Y[J)RL$!G:X%\" M3\S']/+]X\G]HE)Z,KM+]"I3>K6;&I4KI]><,VVKN^@RV&HOLFR-_HXP8([J M%1V@/RQNL>J]99#T%(:^6QHS ;9&29P<,Z'"[>_E"B4NBQ%QL>\E@1_X !.W MU0+1B$'CS*T@VSI=^ZX%)E8!UR#]6L+5)N=RE6N.=;C2"^39$Z)CR57#-S\1 MH^I8IT.CVBA:X4X^'+,59G$:NX3_HCP.3ST1?Z4 M ]@"@QK'=AH.%6HOF$6%>J9X5,E#/R&3JMDWADLUD+3!IHQ/AE6:LL1+6!A M[,,H#>/0AYT:<8B5'HTW+MP^E_KVN%0.7O-4:AS929A4:+U<(A7:&>)1)??\ M?#2J9MX(%M7 T0J)YL_9*@F"-$W"%/J!ZT"R1J&MEI2)1KO6 2Y=J9(E$5]_R$)*IDWA@257S,NJ@8,Y1:V=NK:6"93F\?LGVV%AK9(55%N,TRJSVD;=-K[9&E MD^P+> TPK9Z[?BZZU;11DW/'(&J:>%<4><#'A,8,TP2'<0PI[L03EK+5H3RL M=V:Y]D.A2O3:ZR=/K^)'G%W=FORI5>Y:#?.I7R.[ -3 ]!P+[3(FX&@K2K,# M3J%+R+NS6?SVN3S\R ZX?.1!U";;MM.8NA1Z+$$Q A0R/W6#..XT\-- OH6O M8;F60Y;?\B)_/#Z^VMG5;_+NFB9Y57Y?\)53= <5K4%%R]%-9X-"?P;3[A@. M:.;VA*DPIO;*YQ;V7N&KCP(8^_ K=+V8T0UZS2R,NT.N-84:3N\L/3;17D C M"5N6E?;'JN)CF*))Q:>BB3*O[U!>/ZUTH=W6]?[+OKS?KQ^K_OY\0 %U4\]' M)/92'\9UB7[]]E( 6$J4]N&V=;&\O)VWK-+K1B/1=&(>)\KMZ)?D/[5%L>DP ME1?=GIU[L-/^%1N*? M\\,#/E:'\C';0[Y8B7<]5SY)&(R2@/^&$)>,<0QZD1Z*U1A_A"#+=-YQPN:X MWXNW!RZ0MBI3CT%6EH8G E658QNUG-^Y7DZG&(]GA6KU^\134^=EF 9YT0"Z M2R$]$Z:\831C^$BE7MYT5ZN+<\KB?0I=413;%E6VA^HBLW"1?/RKF?YW;N" M"80@2A'P7(HBR"(0Q+03'##/ERGI,BANBF(NQ=[*!C"46%NFAT\]*=&\@=&_ M?'%GY$T2 _ J-J*>%F;-MM(/>>6LZURK>+.N.12NEXX/LGEW%[)YW[*[1!E!8;]V)3!TI6Y@&!0W2:G;MRXA>RCKN63B;1\U4"77E&GQU$ET M7WA8J='1N2T=,@N^)MY(LH:SWJ+2G-W58[=^XM39M"F1BB\:HJ?:KBSN_\CG MQ./9PE'NQ2Z].5A85]TKJ*;6CP]A&UH_S&&^D/7#H$%2[QB-P$IR_;B&\;WO[S$(TM;X2&$MQ+]J/4JK<09><\O;AR6NV=4Y_32S]U5C+>_9#8 M79P9[9RL_BE'C=):OA"EIPH'KMJ;JNO=KOR]?FY(E$!N]MDV/_" H*JNQ)J_ MS^\?ZA?7^5)6Y=NVQ;$H4N#CZX%_:O-C]V59/XQ>9?OGG'_409A^E]5GEF?Q MAO/[0U:TG\GWN?PSN3#^>SXU_)[W+^,SPLV;0#=W>ZY""^M?RVR^\;5;GX3INW:IZI)LSX_2'?/+PR M]6$M-M%"[6R3Y<_- _!<^>:?XE&<2SK5S].?3:9U/PC&1U#3#-;+0=C")LLB MXKBE85(NF=[L/3C=/;GXJ3A_S.K\*:OJ3V+7@]=/=;OVOHP%A2Q)@P #/M<@ M))B @/2JTU2^('XI"D]8:CC1ZYC*Q8F+\H>%Q[(7,78,9G\N/JO=#Y5/Q:^L!?%=F]L'PXW#$J4HHZTH8ZSK63 M7GGZ:OIF^]K6V+]WKMK6I\U?"_H:1,6:4&T?++Z47@J MN!=TTPI\?U,%/>:%:9-Q^VX"12&8LP&W M1!P_,])J(7E/C)_ZRT?7S9ZNSPR/S@K;\(-"?#RS/T8=W/)%ZOUIX/#59R=> MI>/[H*Y$Z./+(B^7OWVVJY>\OK*A28+F%?^>)_[930;WF_CPW:[YMSA'X)]1 M%IGS0_0Y+/>U]*+\/%:['Z\/+[K#PK/.,\[Z4$_P;]E]7A3U 4U3 M#<)G>EYNQ4'-P7E8/V=.]9 _/'5>0&.,W/H>W9\VZKKG/1=T,[E M#9:Z>QA]I_P$NYD1QJGL:\9B*-]/<5UE8C6X%2>DIU?%(^"#F #*!21!$I'( MXW_4_2-@DL21XDNT>C(F/!9I^J=0OE@6559=.3?')QZ-U8'@SL'KZL%AN_+W M.OGP(H_- _$[$4TU\1[_W^:#;D6)GO@G:3NSU0]4J[9;U/2,'*U.X10U_FQ; MV=2[F;_66CE"+:?6:^)."1?0&6#$L7@N@_I&6_&F<:$)5*32-?4IN4@&_WH* MB)JF.:]D YAX:8J8'S$O1H2X)$"=[(BF\DD:8Q(G)+H7Q':1RA32!>9@ETC6 MS(*X&HLU*M;'IF=*B@Y=0DT58K.)M4)"9A;,-=,P@]B/3&K(XG IE6$09;C?^V/ASW_,]7FC"/)#Z*D8]21%#@QP"U3<]A"B"BQAJ-:\J? M<*7I-#R%UV=N--AY7-<3LF'RO$Y0#:$_[CK>^V7^&%L9VL'XVYZCEA*;6[10 MI>&X$31E6;BCE.L[=N1BL[8M\-FV#E_J6NU2O=Q L4 0@Q(0'U"88^ M\+O]1AH *!7S3ZO1I#6A32+JR+<$UWU!?N5\;4^<#N5K0NG*]^ -=I+056/S MB3PJQ^_+^''N1< (_@/+PK3^7<9",;'- MY9PS:LS;%7_.Q 6G; N?^5?OLZ_9XSHONO\4*5QO!7T8A2A@*8IBEX(X"F"[ MIH4AIC$<\ZB% ?$JO*+UVD6GH[-NE'3VG99M7WYQ&?WJK)2@_NJ<+V!\C.H M6UAST#*(P9YY@X]I&,?1R'3OCF;$RTENUQH5;C@C?3/7N52&'FY')S_&)/"$7WLWJ!+5([LV>O7=(J^[+P\0K MIU5Y063[#J"Z9#O&-S\!V8XR3X5LQ^,H2[:?BF?^X>7^AQ"Y*RL>^IW".<^% M,$;4<^,PQGX( A_#6B2A41C$KEH<-4J4]9CIT^?_H)]OK[]^HC=J)#D.03E" MG PZ-?+KU7).>O&]Z5R[TB&4!AC-"+C+8"\SII06!I\:*[%UOO\/\53?V>'# M;YPGN>CM=?$U$R78]1VP*J_^5)3?1,<)L1/]5#P=#Z+ZJMCPGZH38B=5X\2G MKL?B"'B!&\01PR!L"#2 84B12I@XBX(3)A=?JM@5I**^0K6^BEYLSV\(BR_] MPK<(=6^S7\M*Y*DD*B87Y'\Y+EZ\Z]4X7)CCU/9 MP#W9Y=2&O1XQ^B%U92-OA3+,6>CF(@XOQVKO! M!*I6-;4@<@2.4)O=.AW,U'\%F)ORZB,Q SC4=T&7&. 3M*TV--D81$H6S6RRN+:H4 82Z, MQ"^7LA2[V&_?92>8IBE3.PC3$&#]^.LLTE"D&@VT)#G&+DR*Y%(K$TF8[&0VI60-GP530Y%YNC'6=*H#Z'2* *8^M0- M8Q3%$+AA2&NY+.51:B2U53$BR-ZLZ=1KSXN$@B_R9UI[&C/@*FQT)@=YNMV/ MC&F7MD1&85G /LFL/:6M 21)0UF^:F1]S>YS(:(X?%X_9JO4QYS3&'8!3!$& MD$(?M&(\3.1:A&A_N.7]4\LP)Z4IM%'.$9J(&3N4AU5'P?

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end