0001396009 2011-02-17 0001396009 2007-05-01 2007-05-31 0001396009 2010-09-01 2010-10-13 0001396009 us-gaap:LoansPayableMember 2010-07-07 0001396009 us-gaap:FairValueInputsLevel2Member 2011-03-31 0001396009 us-gaap:FairValueInputsLevel2Member 2010-12-31 0001396009 us-gaap:FairValueInputsLevel2Member 2010-03-31 0001396009 us-gaap:FairValueInputsLevel1Member 2011-03-31 0001396009 us-gaap:FairValueInputsLevel1Member 2010-12-31 0001396009 us-gaap:FairValueInputsLevel1Member 2010-03-31 0001396009 vmc:BankBorrowingsMember 2011-01-01 2011-03-31 0001396009 vmc:BankBorrowingsMember 2010-01-01 2010-12-31 0001396009 us-gaap:CommercialPaperMember 2010-01-01 2010-03-31 0001396009 2010-03-01 2010-03-31 0001396009 2010-05-18 0001396009 2011-04-01 2011-04-30 0001396009 2010-07-01 2010-07-31 0001396009 2011-02-01 2011-02-28 0001396009 us-gaap:FairValueInputsLevel2Member vmc:MediumTermInvestmentsMember 2011-03-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:MediumTermInvestmentsMember 2010-12-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:MediumTermInvestmentsMember 2010-03-31 0001396009 vmc:BankBorrowingsMember 2011-03-31 0001396009 vmc:BankBorrowingsMember 2010-12-31 0001396009 us-gaap:CommercialPaperMember 2010-03-31 0001396009 vmc:AggregatesMember 2011-03-31 0001396009 vmc:CementMember 2011-03-31 0001396009 vmc:AsphaltMixMember 2011-03-31 0001396009 vmc:ConcreteMember 2011-03-31 0001396009 vmc:AggregatesMember 2010-12-31 0001396009 vmc:ConcreteMember 2010-12-31 0001396009 vmc:AsphaltMixMember 2010-12-31 0001396009 vmc:CementMember 2010-12-31 0001396009 2011-01-01 2011-01-31 0001396009 2007-01-01 2007-12-31 0001396009 vmc:IndustrialRevenueBondsMember 2011-03-31 0001396009 vmc:NotesIssuedNineMember 2011-03-31 0001396009 vmc:NotesIssuedFiveMember 2011-03-31 0001396009 vmc:PrivatePlacementNotesMember 2011-03-31 0001396009 us-gaap:MediumTermNotesMember 2011-03-31 0001396009 us-gaap:LoansPayableMember 2011-03-31 0001396009 vmc:OtherNotesMember 2011-03-31 0001396009 vmc:NotesIssuedNineMember 2010-12-31 0001396009 us-gaap:MediumTermNotesMember 2010-12-31 0001396009 vmc:IndustrialRevenueBondsMember 2010-12-31 0001396009 vmc:NotesIssuedFiveMember 2010-12-31 0001396009 vmc:OtherNotesMember 2010-12-31 0001396009 vmc:PrivatePlacementNotesMember 2010-12-31 0001396009 us-gaap:LoansPayableMember 2010-12-31 0001396009 vmc:IndustrialRevenueBondsMember 2010-03-31 0001396009 vmc:NotesIssuedNineMember 2010-03-31 0001396009 vmc:NotesIssuedFiveMember 2010-03-31 0001396009 us-gaap:MediumTermNotesMember 2010-03-31 0001396009 vmc:OtherNotesMember 2010-03-31 0001396009 us-gaap:LoansPayableMember 2010-03-31 0001396009 vmc:PrivatePlacementNotesMember 2010-03-31 0001396009 vmc:LineOfCreditExpiringNovember162012Member 2011-03-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:InterestRateDerivativesMember 2011-03-31 0001396009 us-gaap:InterestRateContractMember us-gaap:OtherLiabilitiesMember 2011-03-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:InterestRateDerivativesMember 2010-12-31 0001396009 us-gaap:InterestRateContractMember us-gaap:OtherLiabilitiesMember 2010-12-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:InterestRateDerivativesMember 2010-03-31 0001396009 us-gaap:InterestRateContractMember us-gaap:OtherLiabilitiesMember 2010-03-31 0001396009 2012-03-31 0001396009 vmc:InvestmentAtWestridgeCapitalManagementMember 2008-01-01 2008-12-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:RabbiTrustCommonCollectiveTrustFundsMember 2011-03-31 0001396009 us-gaap:FairValueInputsLevel1Member vmc:RabbiTrustMutualFundsMember 2011-03-31 0001396009 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2011-03-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:RabbiTrustCommonCollectiveTrustFundsMember 2010-12-31 0001396009 us-gaap:FairValueInputsLevel1Member vmc:RabbiTrustMutualFundsMember 2010-12-31 0001396009 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2010-12-31 0001396009 us-gaap:FairValueInputsLevel1Member vmc:RabbiTrustMutualFundsMember 2010-03-31 0001396009 us-gaap:FairValueInputsLevel2Member vmc:RabbiTrustCommonCollectiveTrustFundsMember 2010-03-31 0001396009 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2010-03-31 0001396009 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2011-01-01 2011-03-31 0001396009 us-gaap:InterestRateContractMember us-gaap:CashFlowHedgingMember 2010-01-01 2010-03-31 0001396009 2007-12-01 2010-12-15 0001396009 vmc:AsphaltMixMember 2011-01-01 2011-03-31 0001396009 vmc:CorporateAndOtherUnallocatedMember 2011-01-01 2011-03-31 0001396009 vmc:AggregatesMember 2011-01-01 2011-03-31 0001396009 vmc:ConcreteMember 2011-01-01 2011-03-31 0001396009 vmc:CementMember 2011-01-01 2011-03-31 0001396009 vmc:CorporateAndOtherUnallocatedMember 2010-01-01 2010-03-31 0001396009 vmc:CementMember 2010-01-01 2010-03-31 0001396009 vmc:AggregatesMember 2010-01-01 2010-03-31 0001396009 vmc:AsphaltMixMember 2010-01-01 2010-03-31 0001396009 vmc:ConcreteMember 2010-01-01 2010-03-31 0001396009 vmc:InvestmentAtWestridgeCapitalManagementMember 2008-12-31 0001396009 us-gaap:PensionPlansDefinedBenefitMember 2011-01-01 2011-03-31 0001396009 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2011-01-01 2011-03-31 0001396009 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2010-01-01 2010-03-31 0001396009 us-gaap:PensionPlansDefinedBenefitMember 2010-01-01 2010-03-31 0001396009 us-gaap:RestatementAdjustmentMember 2007-12-31 0001396009 us-gaap:RestatementAdjustmentMember 2008-12-31 0001396009 vmc:BankLoanBorrowedForThreeMonthsMember 2011-03-31 0001396009 vmc:BankLoanBorrowedOnOvernightBasisMember 2011-03-31 0001396009 vmc:BankLoanBorrowedForNinetyDaysMember 2011-03-31 0001396009 vmc:NotesIssuedFourMember 2011-03-31 0001396009 vmc:NotesIssuedSixMember 2011-03-31 0001396009 vmc:NotesIssuedThreeMember 2011-03-31 0001396009 vmc:NotesIssuedOneMember 2011-03-31 0001396009 vmc:NotesIssuedTwoMember 2011-03-31 0001396009 vmc:NotesIssuedEightMember 2011-03-31 0001396009 vmc:NotesIssuedSevenMember 2011-03-31 0001396009 vmc:NotesIssuedEightMember 2010-12-31 0001396009 vmc:NotesIssuedSixMember 2010-12-31 0001396009 vmc:NotesIssuedOneMember 2010-12-31 0001396009 vmc:NotesIssuedSevenMember 2010-12-31 0001396009 vmc:NotesIssuedThreeMember 2010-12-31 0001396009 vmc:NotesIssuedTwoMember 2010-12-31 0001396009 vmc:NotesIssuedFourMember 2010-12-31 0001396009 vmc:NotesIssuedSevenMember 2010-03-31 0001396009 vmc:NotesIssuedOneMember 2010-03-31 0001396009 vmc:NotesIssuedEightMember 2010-03-31 0001396009 vmc:NotesIssuedTwoMember 2010-03-31 0001396009 vmc:NotesIssuedFourMember 2010-03-31 0001396009 vmc:NotesIssuedSixMember 2010-03-31 0001396009 vmc:NotesIssuedThreeMember 2010-03-31 0001396009 vmc:NotesIssuedNineMember 2010-07-07 0001396009 us-gaap:LoansPayableMember 2010-07-01 2010-07-31 0001396009 vmc:NotesIssuedNineMember 2011-01-01 2011-03-31 0001396009 us-gaap:InterestExpenseMember us-gaap:InterestRateContractMember 2011-01-01 2011-03-31 0001396009 us-gaap:InterestExpenseMember us-gaap:InterestRateContractMember 2010-01-01 2010-03-31 0001396009 us-gaap:FairValueInputsLevel3Member 2010-12-31 0001396009 us-gaap:RestatementAdjustmentMember 2010-03-31 0001396009 us-gaap:ScenarioPreviouslyReportedMember 2010-03-31 0001396009 2009-12-31 0001396009 2010-10-01 2010-12-31 0001396009 2010-01-01 2010-12-31 0001396009 2010-01-01 2010-03-31 0001396009 2010-12-31 0001396009 2010-03-31 0001396009 2007-12-31 0001396009 2010-06-30 0001396009 2011-03-31 0001396009 2011-01-01 2011-03-31 iso4217:USD xbrli:shares xbrli:pure xbrli:shares iso4217:USD

<div align="left" style="font-family: Helvetica,Arial,sans-serif">   <div align="left"> </div> <div align="left" style="font-size: 16pt; margin-top: 0pt"><font color="#999999"></font> </div> <div align="left" style="font-size: 12pt; margin-top: 14pt"><font color="#000080"><b>NOTE 1: BASIS OF PRESENTATION</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Vulcan Materials Company (the “Company,” “Vulcan,” “we,” “our”), a New Jersey corporation, is the nation’s largest producer of construction aggregates, primarily crushed stone, sand and gravel; a major producer of asphalt mix and ready-mixed concrete and a leading producer of cement in Florida. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Our accompanying unaudited condensed consolidated financial statements were prepared in compliance with the instructions to Form 10-Q and Article 10 of Regulation S-X and thus do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of our management, the statements reflect all adjustments, including those of a normal recurring nature, necessary to present fairly the results of the reported interim periods. Operating results for the three month period ended March 31, 2011 are not necessarily indicative of the results that may be expected for the year ended December 31, 2011. For further information, refer to the consolidated financial statements and footnotes included in our most recent Annual Report on Form 10-K. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Due to the 2005 sale of our Chemicals business as presented in Note 2, the operating results of the Chemicals business are presented as discontinued operations in the accompanying Condensed Consolidated Statements of Earnings and Comprehensive Income. </div> <div align="left" style="font-size: 8.5pt; margin-top: 12pt"><b>RECLASSIFICATIONS</b> </div> <div align="left" style="font-size: 8.5pt; margin-top: 2pt">Certain items previously reported in specific financial statement captions have been reclassified to conform with the 2011 presentation. </div> <div align="left" style="font-size: 8.5pt; margin-top: 12pt"><b>CORRECTION OF PRIOR PERIOD FINANCIAL STATEMENTS</b> </div> <div align="left" style="font-size: 8.5pt; margin-top: 2pt">During 2010 we completed a comprehensive analysis of our deferred income tax balances and concluded that our deferred income tax liabilities were understated. The errors arose during 2008 and during periods prior to January 1, 2007, and are not material to previously issued financial statements. As a result, we did not amend previously filed financial statements but restated the December 31, 2009 balance sheet in our Annual Report on Form 10-K for the year ended December 31, 2010 and have restated the March 31, 2010 balance sheet presented in this Form 10-Q. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The errors that arose during 2008 related to the calculations of deferred income taxes referable to the Florida Rock acquisition and additional 2008 federal return adjustments. The correction of these errors resulted in a decrease to deferred income tax liabilities of $6,129,000, and an increase to goodwill referable to our Aggregates segment of $2,321,000 with an offsetting increase in current taxes payable of $8,450,000 for the year ended December 31, 2008. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The errors that arose during periods prior to January 1, 2007 resulted in an understatement of deferred income tax liabilities of $14,785,000. Based on the work performed to confirm the current and deferred income tax provisions recorded during 2007, 2008 and 2009, and to determine the correct deferred income tax account balances as of January 1, 2007, we were able to substantiate that the $14,785,000 understatement related to periods prior to January 1, 2007. The correction of these errors resulted in an increase to deferred income tax liabilities and a corresponding decrease to retained earnings of $14,785,000 as of January 1, 2007. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">A summary of the effects of the correction of the errors on our Condensed Consolidated Balance Sheet as of March 31, 2010, is presented in the table below: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><i>As of March 31, 2010</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>As</i></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>As</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Reported</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Correction</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Restated</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Balance Sheet</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Current deferred income taxes </div></td> <td> </td> <td align="left"> </td> <td align="right">$56,990</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($1,950</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"> </td> <td align="right">$55,040</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Prepaid expenses </div></td> <td> </td> <td> </td> <td align="right">51,538</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,450</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">43,088</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total current assets </div></td> <td> </td> <td> </td> <td align="right">766,072</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,400</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">755,672</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right">3,093,979</td> <td> </td> <td> </td> <td> </td> <td align="right">2,321</td> <td> </td> <td> </td> <td> </td> <td align="right">3,096,300</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left"> </td> <td align="right">$8,474,882</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($8,079</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"> </td> <td align="right">$8,466,803</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Liabilities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Noncurrent deferred income taxes </div></td> <td> </td> <td align="left"> </td> <td align="right">$863,678</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$6,706</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$870,384</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td> </td> <td align="right">4,411,882</td> <td> </td> <td> </td> <td> </td> <td align="right">6,706</td> <td> </td> <td> </td> <td> </td> <td align="right">4,418,588</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Shareholders’ equity</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Retained earnings </div></td> <td> </td> <td> </td> <td align="right">1,681,624</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,785</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,666,839</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total shareholders’ equity </div></td> <td> </td> <td> </td> <td align="right">4,063,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,785</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,048,215</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total liabilities and shareholders’ equity </div></td> <td> </td> <td align="left"> </td> <td align="right">$8,474,882</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($8,079</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"> </td> <td align="right">$8,466,803</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 2: DISCONTINUED OPERATIONS</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">In 2005, we sold substantially all the assets of our Chemicals business to Basic Chemicals, a subsidiary of Occidental Chemical Corporation. In addition to the initial cash proceeds, Basic Chemicals was required to make payments under two earn-out agreements subject to certain conditions. During 2007, we received the final payment under the ECU (electrochemical unit) earn-out, bringing cumulative cash receipts to its $150,000,000 cap. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Proceeds under the second earn-out agreement are based on the performance of the hydrochlorocarbon product HCC-240fa (commonly referred to as 5CP) from the closing of the transaction through December 31, 2012 (5CP earn-out). The primary determinant of the value for this earn-out is the level of growth in 5CP sales volume. At the June 7, 2005 closing date, the value assigned to the 5CP earn-out was limited to an amount that resulted in no gain on the sale of the business, as the gain was contingent in nature. A gain on disposal of the Chemicals business is recognized to the extent cumulative cash receipts under the 5CP earn-out exceed the initial value recorded. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In March 2011, we received a payment of $12,284,000 under the 5CP earn-out related to performance during the year ended December 31, 2010. During the first quarter of 2010, we received $8,794,000 under the 5CP earn-out related to the year ended December 31, 2009. These receipts were recorded as gains on disposal of discontinued operations. Through March 31, 2011, we have received a total of $54,991,000 under the 5CP earn-out, a total of $21,890,000 in excess of the receivable recorded on the date of disposition. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">We are liable for a cash transaction bonus payable to certain former key Chemicals employees. This transaction bonus is payable if cash receipts realized from the two earn-out agreements described above exceed an established minimum threshold. The bonus is payable annually based on the prior year’s results. We expect the 2011 payout will be $1,228,000 and have accrued this amount as of March 31, 2011. In comparison, we had accrued $879,000 as of March 31, 2010. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The financial results of the Chemicals business are classified as discontinued operations in the accompanying Condensed Consolidated Statements of Earnings and Comprehensive Income for all periods presented. There were no net sales or revenues from discontinued operations during the three month periods ended March 31, 2011 and 2010. Results from discontinued operations are as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">  <tr valign="bottom"> <td width="70%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="11%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 0px solid #000000"><b><i>Three Months Ended</i></b></td> <td style="border-bottom: 0px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Discontinued Operations</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Pretax earnings from results </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>5,306</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$960</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Gain on disposal, net of transaction bonus </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>11,056</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">7,915</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Income tax provision </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(6,473</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,148</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Earnings on discontinued operations, net of tax </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>9,889</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$5,727</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">The first quarter 2011 pretax earnings from results of discontinued operations of $5,306,000 include a $7,500,000 pretax gain recognized on recovery from an insurer in lawsuits involving perchloroethylene. This gain was offset in part by general and product liability costs, including legal defense costs, and environmental remediation costs associated with our former Chemicals business. The first quarter 2010 pretax earnings from results of discontinued operations of $960,000 include litigation settlements associated with our former Chemicals business offset in part by general and product liability costs, including legal defense costs, and environmental remediation costs. </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 3: EARNINGS PER SHARE (EPS)</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">We report two earnings per share numbers: basic and diluted. These are computed by dividing net earnings by the weighted-average common shares outstanding (basic EPS) or weighted-average common shares outstanding assuming dilution (diluted EPS) as set forth below: </div> <div align="left" style="margin-top: 0pt"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="13%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 0px solid #000000"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Weighted-average common shares outstanding </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>129,078</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">126,692</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Dilutive effect of </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Stock options/SOSARs </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Other stock compensation plans </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Weighted-average common shares outstanding, assuming dilution </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>129,078</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">126,692</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">All dilutive common stock equivalents are reflected in our earnings per share calculations. Antidilutive common stock equivalents are not included in our earnings per share calculations. Because we operated at a loss in the first quarters of 2011 and 2010, shares of 322,000 and 476,000, respectively, that otherwise would have been included in our diluted weighted-average common shares outstanding computation for the quarters ended March 31, 2011 and 2010, were excluded. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The number of antidilutive common stock equivalents for which the exercise price exceeds the weighted-average market price, are as follows: </div> <div align="left" style="margin-top: 8.5pt"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">  <tr valign="bottom"> <td width="70%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="11%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 0px solid #000000"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Antidilutive common stock equivalents </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>5,695</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">4,414</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1pt solid #000000"> </td> </tr>  </table> </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 4: INCOME TAXES</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Our income tax provision and the corresponding effective tax rate are based on expected income, statutory tax rates and tax planning opportunities available in the various jurisdictions in which we operate. For interim financial reporting, except in circumstances as described in the following paragraph, we estimate the annual tax rate based on projected taxable income for the full year and record a quarterly tax provision in accordance with the anticipated annual rate. As the year progresses, we refine the estimates of the year’s taxable income as new information becomes available, including year-to-date financial results. This continual estimation process often results in a change to our expected effective tax rate for the year. When this occurs, we adjust the income tax provision during the quarter in which the change in estimate occurs so that the year-to-date income tax provision reflects the expected annual tax rate. Significant judgment is required in determining our effective interim tax rate and in evaluating our tax positions. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">When application of the estimated annual effective tax rate distorts the financial results of an interim period, we calculate the income tax provision or benefit using an alternative methodology as prescribed by Accounting Standards Codification (ASC) 740-270-30-30 through 30-33. This alternative methodology results in an income tax provision or benefit based solely on the year-to-date pretax loss as adjusted for permanent differences on a pro rata basis. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">We recognize an income tax benefit associated with an uncertain tax position when, in our judgment, it is more likely than not that the position will be sustained upon examination by a taxing authority. For a tax position that meets the more-likely-than-not recognition threshold, we initially and subsequently measure the income tax benefit as the largest amount that we judge to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority. Our liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. We consider resolution for an issue to occur at the earlier of settlement of an examination, the expiration of the statute of limitations, or when the issue is “effectively settled,” as described in ASC 740. Our effective tax rate includes the net impact of changes in the liability for unrecognized tax benefits and subsequent adjustments as we consider appropriate. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In the first quarters of 2011 and 2010, we applied the alternative methodology discussed above in the determination of the income tax provision from continuing operations. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">We recorded income tax benefits from continuing operations of $37,430,000 in the first quarter of 2011 compared to $34,212,000 in the first quarter of 2010. The increase in our income tax benefit resulted mainly from the larger pretax loss and an increase in the depletion benefit partially offset by discrete income tax adjustments booked in the first quarter of 2011. </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 5: MEDIUM-TERM INVESTMENTS</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">We held investments in money market and other money funds at The Reserve, an investment management company specializing in such funds, as follows: March 31, 2011 — $0, December 31, 2010 — $5,531,000 and March 31, 2010 — $5,532,000. The substantial majority of our investment was held in the Reserve International Liquidity Fund, Ltd. On September 15, 2008, Lehman Brothers Holdings Inc. filed for bankruptcy protection. In the following days, The Reserve announced that it was closing all of its money funds, some of which owned Lehman Brothers securities, and was suspending redemptions from and purchases of its funds, including the Reserve International Liquidity Fund. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">As a result of the temporary suspension of redemptions and the uncertainty as to the timing of such redemptions, during 2008 we changed the classification of our investments in The Reserve funds from cash and cash equivalents to medium-term investments. We reduced the carrying value of our investment to its estimated fair value of $3,630,000 and $4,109,000 as of December 31, 2010 and March 31, 2010, respectively. See Note 7 for further discussion of the fair value determination. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">During January 2011, we received $3,630,000 from the Reserve representing the final redemption of the investment. As a result of this redemption, we reclassified our investments in The Reserve funds from medium-term investments to cash and cash equivalents as of December 31, 2010. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 6: DERIVATIVE INSTRUMENTS</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">During the normal course of operations, we are exposed to market risks including fluctuations in interest rates, fluctuations in foreign currency exchange rates and changes in commodity pricing. From time to time, and consistent with our risk management policies, we use derivative instruments to hedge against these market risks. We do not utilize derivative instruments for trading or other speculative purposes. The interest rate swap agreements described below were designated as cash flow hedges of future interest payments. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In December 2007, we issued $325,000,000 of 3-year floating (variable) rate notes that bear interest at 3-month London Interbank Offered Rate (LIBOR) plus 1.25% per annum. Concurrently, we entered into a 3-year interest rate swap agreement in the stated (notional) amount of $325,000,000. Under this agreement, we paid a fixed interest rate of 5.25% and received 3-month LIBOR plus 1.25% per annum. Concurrent with each quarterly interest payment, the portion of this swap related to that interest payment was settled and the associated realized gain or loss was recognized. This swap agreement terminated December 15, 2010, coinciding with the maturity of the 3-year notes. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Additionally, during 2007, we entered into fifteen forward starting interest rate swap agreements for a total notional amount of $1,500,000,000. Upon the issuance in 2007 of the related fixed-rate debt, we terminated and settled these forward starting swaps for cash payments of $89,777,000. Amounts accumulated in other comprehensive loss are being amortized to interest expense over the term of the related debt. For the 12-month period ending March 31, 2012, we estimate that $8,352,000 of the pretax loss accumulated in OCI will be reclassified to earnings. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Derivative instruments are recognized at fair value in the accompanying Condensed Consolidated Balance Sheets. Fair values of derivative instruments designated as hedging instruments are as follows: </div> <div align="center"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="45%"> </td> <td width="3%"> </td> <td width="18%"> </td> <td width="1%"> </td> <td width="6%"> </td> <td width="3%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b><i>Fair Value</i></b> <sup style="font-size: 85%; vertical-align: text-top"><b><i>1</i></b></sup></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Balance Sheet Location</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="font-size: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Liability Derivatives</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Interest rate derivatives </div></td> <td> </td> <td colspan="2" align="right">Other current liabilities</td> <td> </td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$8,956</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total derivatives liability </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$8,956</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8pt; margin-top: 4pt; margin-left: 1%"><sup style="font-size: 85%; vertical-align: text-top"><i>1</i></sup>    <i>See Note 7 for further discussion of the fair value determination.</i> </div> <div align="left" style="font-size: 8.5pt; margin-top: 17pt">The effects of the cash flow hedge derivative instruments on the accompanying Condensed Consolidated Statements of Earnings and Comprehensive Income are as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="55%"> </td> <td width="5%"> </td> <td width="10%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="5%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="3"><i>Location on</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="3"><i>Statements</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td colspan="1" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Interest Rate Derivatives</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Loss recognized in OCI </div></td> <td> </td> <td colspan="3" align="right">Other current</td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">(effective portion) </div></td> <td> </td> <td colspan="3" align="right">liabilities</td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($808</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td colspan="1" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Loss reclassified from </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Accumulated OCI </div></td> <td> </td> <td colspan="3" align="right">Interest</td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">(effective portion) </div></td> <td> </td> <td colspan="3" align="right">expense</td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,995</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">4,898</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 7: FAIR VALUE MEASUREMENTS</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Fair value is defined as 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 fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value into three broad levels as described below: </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt"><b>Level 1: </b>Quoted prices in active markets for identical assets or liabilities </div> <div align="left" style="font-size: 8.5pt; margin-top: 1pt"><b>Level 2: </b>Inputs that are derived principally from or corroborated by observable market data </div> <div align="left" style="font-size: 8.5pt; margin-top: 1pt"><b>Level 3: </b>Inputs that are unobservable and significant to the overall fair value measurement </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Our assets and liabilities that are subject to fair value measurements on a recurring basis are summarized below: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b><i>Level 1</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2">  <b><i>March 31</i></b>  </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Fair Value Recurring</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Rabbi Trust </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Mutual funds </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>13,594</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$13,960</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$11,947</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Equities </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>10,144</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">9,336</td> <td> </td> <td> </td> <td> </td> <td align="right">7,740</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Net asset </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>23,738</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$23,296</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$19,687</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr style="font-size: 18pt"> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td nowrap="nowrap" align="center" colspan="11" style="border-bottom: 1px solid #000000"><b><i>Level 2</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Fair Value Recurring</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Medium-term investments </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$4,109</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Interest rate derivative </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,956</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Rabbi Trust </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Common/collective trust funds </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,323</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">2,431</td> <td> </td> <td> </td> <td> </td> <td align="right">2,769</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Net asset (liability) </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>1,323</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,431</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($2,078</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">The Rabbi Trust investments relate to funding for the executive nonqualified deferred compensation and excess benefit plans. The fair values of these investments are estimated using a market approach. The Level 1 investments include mutual funds and equity securities for which quoted prices in active markets are available. Investments in common/collective trust funds are stated at estimated fair value based on the underlying investments in those funds. The underlying investments are comprised of short-term, highly liquid assets in commercial paper, short-term bonds and treasury bills. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The medium-term investments were comprised of money market and other money funds, as more fully described in Note 5. Using a market approach, we estimated the fair value of these funds by applying our historical distribution ratio to the liquidated value of investments in The Reserve funds. Additionally, we estimated a discount against our investment balances to allow for the risk that legal and accounting costs and pending or threatened claims and litigation against The Reserve and its management would reduce the principal available for distribution. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The interest rate derivative consisted of an interest rate swap agreement applied to our $325,000,000 3-year notes issued December 2007 and paid December 2010. This agreement is more fully described in Note 6. This interest rate swap was measured at fair value using a market approach based on the prevailing market interest rate as of the measurement date. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The carrying values of our cash equivalents, restricted cash, accounts and notes receivable, current maturities of long-term debt, short-term borrowings, trade payables and other accrued expenses approximate their fair values because of the short-term nature of these instruments. Additional disclosures for derivative instruments and interest-bearing debt are presented in Notes 6 and 11, respectively. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Assets that were subject to fair value measurement on a nonrecurring basis are summarized below: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="65%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td nowrap="nowrap" align="right" colspan="7" style="border-bottom: 1px solid #000000"><i>As of December 31, 2010</i></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Impairment</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Level 3</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Charges</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Fair Value Nonrecurring</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Property, plant & equipment </div></td> <td> </td> <td align="left"> </td> <td align="right">$1,536</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,500</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Assets held for sale </div></td> <td> </td> <td> </td> <td align="right">9,625</td> <td> </td> <td> </td> <td> </td> <td align="right">1,436</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Totals </div></td> <td> </td> <td align="left"> </td> <td align="right">$11,161</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$3,936</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">During the quarter ended December 31, 2010, we recorded a $3,936,000 loss on impairment of long-lived assets. We utilized an income approach to measure the fair value of the long-lived assets and determined that the carrying value of the assets exceeded the fair value. The loss on impairment represents the difference between the carrying value and the fair value (less costs to sell for assets held for sale) of the impacted long-lived assets. </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 8: OTHER COMPREHENSIVE INCOME</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Comprehensive income includes charges and credits to equity from nonowner sources and comprises two subsets: net earnings and other comprehensive income. The components of other comprehensive income are presented in the accompanying Condensed Consolidated Statements of Earnings and Comprehensive Income, net of applicable taxes. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Amounts accumulated in other comprehensive income (loss), net of tax, are as follows: </div> <div align="left" style="margin-top: 8.5pt"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="85%">  <tr valign="bottom"> <td width="62%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Cash flow hedges </div></td> <td bgcolor="#9accff"> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>($37,687</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($39,137</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($46,956</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Pension and postretirement plans </div></td> <td bgcolor="#9accff"> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(135,985</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(138,202</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(144,093</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Accumulated other comprehensive loss </div></td> <td bgcolor="#9accff"> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>($173,672</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($177,339</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($191,049</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 9: SHAREHOLDERS’ EQUITY</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">In March 2010, we issued 1,190,000 shares of common stock to our qualified pension plan (par value of $1 per share) as described in Note 10. This transaction increased shareholders’ equity by $53,864,000 (common stock $1,190,000 and capital in excess of par $52,674,000). </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In February 2011, we issued 372,992 shares (368,527 shares net of acquired cash) of common stock in connection with a business acquisition as described in Note 14. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">We periodically issue shares of common stock to the trustee of our 401(k) savings and retirement plan to satisfy the plan participants’ elections to invest in our common stock. The resulting cash proceeds provide a means of improving cash flow, increasing shareholders’ equity and reducing leverage. Under this arrangement, the stock issuances and resulting cash proceeds were as follows: three months ended March 31, 2011 — no shares issued; and three months ended March 31, 2010 — issued 250,368 shares for cash proceeds of $11,249,000. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">No shares were held in treasury as of March 31, 2011, December 31, 2010 and March 31, 2010. As of March 31, 2011, 3,411,416 shares may be repurchased under the current authorization of our Board of Directors. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 10: BENEFIT PLANS</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">The following tables set forth the components of net periodic benefit cost: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="72%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><font style="font-size:9pt"><b>PENSION BENEFITS</b></font></td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Components of Net Periodic Benefit Cost</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Service cost </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>5,190</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$4,808</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Interest cost </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>10,542</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">10,405</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Expected return on plan assets </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(12,370</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(12,535</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Amortization of prior service cost </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>85</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">115</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Amortization of actuarial loss </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>2,824</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">1,336</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Net periodic pension benefit cost </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>6,271</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$4,129</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Pretax reclassification from OCI included in net periodic pension benefit cost </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>2,909</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$1,451</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 18pt"> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="border-bottom: 0px solid #000000"><font style="font-size:9pt"><b>OTHER POSTRETIREMENT BENEFITS</b></font></td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Components of Net Periodic Benefit Cost</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Service cost </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>1,197</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$1,066</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Interest cost </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,613</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">1,663</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Amortization of prior service credit </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(169</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(182</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Amortization of actuarial loss </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>287</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">222</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Net periodic postretirement benefit cost </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>2,928</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,769</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Pretax reclassification from OCI included in net periodic postretirement benefit cost </div></td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>118</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$40</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">The reclassifications from other comprehensive income (OCI) noted in the tables above are related to amortization of prior service costs or credits and actuarial losses. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In March 2010, we contributed $72,500,000 ($18,636,000 in cash and $53,864,000 in stock — 1,190,000 shares valued at $45.26 per share) and an additional $1,300,000 in July 2010 to our qualified pension plans for the 2009 plan year. These contributions, along with the existing funding credits, should be sufficient to cover expected required contributions to the qualified plans through 2012. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">As of December 31, 2008, our Master Pension Trust had assets invested at Westridge Capital Management, Inc. (WCM) with a reported fair value of $59,245,000. In February 2009, the New York District Court appointed a receiver over WCM due to allegations of fraud and other violations of federal commodities and securities laws by principals of a WCM affiliate. In light of these allegations, we reassessed the fair value of our investments at WCM and recorded a $48,018,000 write-down in the estimated fair value of these assets for the year ended December 31, 2008. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">During 2010, the court-appointed receiver released $6,555,000 as a partial distribution and the Master Pension Trust received a $15,000,000 insurance settlement related to our WCM loss. In April 2011, the court-appointed receiver released an additional $22,041,000 to our Master Pension Trust. We intend to pursue all appropriate legal actions to recover additional amounts of our investments. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 11: CREDIT FACILITIES, SHORT-TERM BORROWINGS AND </b> <b>LONG-TERM DEBT</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Short-term borrowings are summarized as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">  <tr valign="bottom" style="font-size:8.5pt"> <td width="62%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>dollars in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Short-term Borrowings</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Bank borrowings </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$300,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$285,500</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Commercial paper </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">300,000</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$300,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$285,500</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$300,000</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td colspan="2" align="left" style="border-top: 0px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 0px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Bank Borrowings</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Maturity </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td colspan="1" bgcolor="#9accff" align="right" nowrap="nowrap"><b>1 - 76 days</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td colspan="1" align="right" nowrap="nowrap">3 - 74 days</td> <td> </td> <td> </td> <td> </td> <td align="right">n/a</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted-average interest rate </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0.60%</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b> </b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">0.59%</td> <td nowrap="nowrap"> </td> <td> </td> <td> </td> <td align="right">n/a</td> <td> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Commercial Paper</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Maturity </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>n/a</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">n/a</td> <td> </td> <td> </td> <td colspan="2" align="right" nowrap="nowrap">1 day</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Weighted-average interest rate </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>n/a</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">n/a</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">0.34%</td> <td nowrap="nowrap"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 10pt">We utilize our bank lines of credit to access LIBOR-based short-term loans to fund our borrowing requirements. Unsecured bank lines of credit totaling $1,500,000,000 were maintained at March 31, 2011, all of which expire November 16, 2012. As of March 31, 2011, we had $300,000,000 of borrowings under the lines of credit. Interest rates referable to borrowings under these lines of credit are determined at the time of borrowing based on current market conditions. Pricing of bank loans was 30 basis points (0.30 percentage points) over LIBOR based on our long-term debt ratings at March 31, 2011. Bank loans totaled $300,000,000 as of March 31, 2011, of which $50,000,000 was borrowed on an overnight basis at 0.57%, $100,000,000 was borrowed for 90 days at 0.613% and $150,000,000 was borrowed for three months at 0.6095%. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">All lines of credit extended to us in 2011 and 2010 were based solely on a commitment fee; no compensating balances were required. In the normal course of business, we maintain balances for which we are credited with earnings allowances. To the extent the earnings allowances are not sufficient to fully compensate banks for the services they provide, we pay the fee equivalent for the differences. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">As of March 31, 2011, $52,000 of our long-term debt, including current maturities, was secured. This secured debt was assumed with the November 2007 acquisition of Florida Rock. All other debt obligations, both short-term borrowings and long-term debt, are unsecured. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In July 2010, we established a $450,000,000 5-year syndicated term loan with a floating rate based on a spread over LIBOR (1, 2, 3 or 6-month LIBOR options). The proceeds were used to repay outstanding borrowings, including the $100,000,000 outstanding balance of our 3-year syndicated term loan issued in 2008 and all outstanding commercial paper, and for general corporate purposes. As of March 31, 2011, the spread was 250 basis points (2.5 percentage points) above the 3-month LIBOR of 0.31% for a total rate of 2.81% on the $450,000,000 outstanding balance. The spread is capped at 2.5 percentage points. The loan requires quarterly principal payments of $10,000,000 starting in June 2013 and a final principal payment of $360,000,000 in July 2015. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Long-term debt is summarized as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="95%">  <tr valign="bottom"> <td width="62%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Long-term Debt</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">5-year floating term loan issued 2010 </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$450,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$450,000</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">10.125% 2015 notes issued 2009<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>149,612</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">149,597</td> <td> </td> <td> </td> <td> </td> <td align="right">149,552</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">10.375% 2018 notes issued 2009<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>248,424</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">248,391</td> <td> </td> <td> </td> <td> </td> <td align="right">248,299</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">3-year floating term loan issued 2008 </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">100,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">6.30% 5-year notes issued 2008<sup style="font-size: 85%; vertical-align: text-top">3</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>249,754</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">249,729</td> <td> </td> <td> </td> <td> </td> <td align="right">249,656</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">7.00% 10-year notes issued 2008<sup style="font-size: 85%; vertical-align: text-top">4</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>399,666</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">399,658</td> <td> </td> <td> </td> <td> </td> <td align="right">399,633</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">3-year floating notes issued 2007 </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">325,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">5.60% 5-year notes issued 2007<sup style="font-size: 85%; vertical-align: text-top">5</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>299,801</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">299,773</td> <td> </td> <td> </td> <td> </td> <td align="right">299,692</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">6.40% 10-year notes issued 2007<sup style="font-size: 85%; vertical-align: text-top">6</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>349,856</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">349,852</td> <td> </td> <td> </td> <td> </td> <td align="right">349,840</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">7.15% 30-year notes issued 2007<sup style="font-size: 85%; vertical-align: text-top">7</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>249,326</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">249,324</td> <td> </td> <td> </td> <td> </td> <td align="right">249,319</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Private placement notes </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">15,212</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Medium-term notes </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>21,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">21,000</td> <td> </td> <td> </td> <td> </td> <td align="right">21,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Industrial revenue bonds </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>14,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">14,000</td> <td> </td> <td> </td> <td> </td> <td align="right">17,550</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other notes </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,395</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">1,438</td> <td> </td> <td> </td> <td> </td> <td align="right">1,738</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total debt excluding short-term borrowings </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$2,432,834</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,432,762</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,426,491</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less current maturities of long-term debt </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>5,238</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">5,246</td> <td> </td> <td> </td> <td> </td> <td align="right">325,344</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total long-term debt </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$2,427,596</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,427,516</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,101,147</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Estimated fair value of total long-term debt </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$2,544,368</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,559,059</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,333,436</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt; margin-right: 2%"> <table width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>1</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $388 thousand, December 31, 2010 - $403 thousand and March 31,<br />2010 - $448 thousand. The effective interest rate for these 2015 notes is 10.31%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>2</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $1,576 thousand, December 31, 2010 - $1,609 thousand and March 31,<br />2010 - $1,701 thousand. The effective interest rate for these 2018 notes is 10.58%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>3</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $246 thousand, December 31, 2010 - $271 thousand and March 31,<br />2010 - $344 thousand. The effective interest rate for these 5-year notes is 7.47%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>4</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $334 thousand, December 31, 2010 - $342 thousand and March 31,<br />2010 - $367 thousand. The effective interest rate for these 10-year notes is 7.86%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>5</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $199 thousand, December 31, 2010 - $227 thousand and March 31,<br />2010 - $308 thousand. The effective interest rate for these 5-year notes is 6.58%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>6</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $144 thousand, December 31, 2010 - $148 thousand and March 31,<br />2010 - $160 thousand. The effective interest rate for these 10-year notes is 7.39%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>7</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $674 thousand, December 31, 2010 - $676 thousand and March 31,<br />2010 - $681 thousand. The effective interest rate for these 30-year notes is 8.04%.</i></td> </tr> </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 13pt">The estimated fair values of long-term debt presented in the table above were determined by discounting expected future cash flows based on credit-adjusted interest rates on U.S. Treasury bills, notes or bonds, as appropriate. The fair value estimates were based on information available to us as of the respective balance sheet dates. Although we are not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued since those dates. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Our debt agreements do not subject us to contractual restrictions with regard to working capital or the amount we may expend for cash dividends and purchases of our stock. Our bank credit facilities (term loan and unsecured bank lines of credit) contain a covenant that our percentage of consolidated debt to total capitalization (total debt as a percentage of total capital) may not exceed 65%. Our total debt as a percentage of total capital was 41.2% as of March 31, 2011; 40.7% as of December 31, 2010; and 40.2% as of March 31, 2010. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 12: ASSET RETIREMENT OBLIGATIONS</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Asset retirement obligations (AROs) are legal obligations associated with the retirement of long-lived assets resulting from the acquisition, construction, development and/or normal use of the underlying assets. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Recognition of a liability for an ARO is required in the period in which it is incurred at its estimated fair value. The associated asset retirement costs are capitalized as part of the carrying amount of the underlying asset and depreciated over the estimated useful life of the asset. The liability is accreted through charges to operating expenses. If the ARO is settled for other than the carrying amount of the liability, we recognize a gain or loss on settlement. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">We record all AROs for which we have legal obligations for land reclamation at estimated fair value. Essentially all these AROs relate to our underlying land parcels, including both owned properties and mineral leases. For the three month periods ended March 31, we recognized ARO operating costs related to accretion of the liabilities and depreciation of the assets as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="74%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>ARO Operating Costs</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accretion </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff">  <b>$2,172</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,189</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,541</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">3,183</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$3,713</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$5,372</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">ARO operating costs for our continuing operations are reported in cost of goods sold. AROs are reported within other noncurrent liabilities in our accompanying Condensed Consolidated Balance Sheets. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Reconciliations of the carrying amounts of our AROs are as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="74%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Asset Retirement Obligations</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$162,730</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$167,757</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Liabilities incurred </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Liabilities settled </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(2,332</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,377</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Accretion expense </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>2,172</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">2,189</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Revisions up (down) </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>21</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,638</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$162,591</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$163,931</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">Revisions to our AROs during 2010 related primarily to extensions in the estimated settlement dates at numerous sites. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 13: STANDBY LETTERS OF CREDIT</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">We provide certain third parties with irrevocable standby letters of credit in the normal course of business. We use commercial banks to issue such letters to back our obligations to pay or perform when required to do so according to the requirements of an underlying agreement. The standby letters of credit listed below are cancelable only at the option of the beneficiaries who are authorized to draw drafts on the issuing bank up to the face amount of the standby letter of credit in accordance with its terms. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">Our standby letters of credit as of March 31, 2011 are summarized in the table below: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="86%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Standby Letters of Credit</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Risk management requirement for insurance claims </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$41,083</b></td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Payment surety required by utilities </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>133</b></td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Contractual reclamation/restoration requirements </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>9,097</b></td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Financial requirement for industrial revenue bond </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>14,231</b></td> <td bgcolor="#9accff"> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$64,544</b></td> <td bgcolor="#9accff"> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">Since banks consider letters of credit as contingent extensions of credit, we are required to pay a fee until they expire or are canceled. Substantially all our standby letters of credit have a one-year term and are renewable annually at the option of the beneficiary. Of the total $64,544,000 outstanding letters of credit as of March 31, 2011, $61,512,000 is backed by our $1,500,000,000 bank credit facility which expires November 16, 2012. </div> </div>   <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 14: ACQUISITIONS AND DIVESTITURES</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">During the first quarter of 2011, we acquired ten ready-mixed concrete facilities located in Georgia for total consideration of $18,898,000 net of acquired cash (441,026 shares of common stock valued at the closing date price of $42.85 per share). We issued 368,527 shares to the seller at closing and retained 72,499 shares to fulfill certain working capital adjustments and indemnification obligations. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">As a result of this acquisition, we recognized $8,436,000 of amortizable intangible assets, none of which is expected to be deductible for income tax purposes. The amortizable intangible assets consist of contractual rights in place and will be amortized over an estimated weighted-average period of 20 years. The purchase price allocation for this 2011 acquisition is preliminary and subject to adjustment. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">The pending divestiture of an aggregates production facility and ready-mixed concrete operation located outside the United States is presented in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2011, December 31, 2010 and March 31, 2010 as assets held for sale and liabilities of assets held for sale. We expect the transaction to close during 2011. Depreciation expense and amortization expense were suspended on the assets classified as held for sale. The major classes of assets and liabilities of assets classified as held for sale are as follows: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">  <tr valign="bottom"> <td width="62%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Held for Sale</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current assets </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$3,429</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$3,460</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$3,670</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Property, plant & equipment, net </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>9,737</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">9,625</td> <td> </td> <td> </td> <td> </td> <td align="right">11,016</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other assets </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>115</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">122</td> <td> </td> <td> </td> <td> </td> <td align="right">153</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total assets held for sale </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$13,281</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">$13,207</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$14,839</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Current liabilities </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$356</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$116</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$425</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total liabilities of assets held for sale </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$356</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$116</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$425</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 8.5pt">During the first quarter of 2010, we sold three aggregates facilities located in rural Virginia for approximately $42,750,000 (total cash consideration). </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 15: GOODWILL</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Changes in the carrying amount of goodwill by reportable segment from December 31, 2010 to March 31, 2011 are summarized below: </div> <div align="left"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><font style="font-size:9pt"><b>GOODWILL</b></font></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Aggregates</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Concrete</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Asphalt mix</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Cement</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Total</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Gross Carrying Amount</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total as of December 31, 2010 </div></td> <td> </td> <td align="left"> </td> <td align="right">$3,005,383</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$91,633</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$252,664</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$3,349,680</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill of acquired businesses </div></td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total as of March 31, 2011</b> </div></td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,005,383</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$91,633</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$252,664</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,349,680</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 8pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Accumulated Impairment Losses</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total as of December 31, 2010 </div></td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($252,664</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($252,664</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill impairment loss </div></td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total as of March 31, 2011</b> </div></td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>($252,664</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>($252,664</b></td> <td nowrap="nowrap"><b>)</b></td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 8pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px"><b>Goodwill, net of Accumulated Impairment Losses</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total as of December 31, 2010 </div></td> <td> </td> <td align="left"> </td> <td align="right">$3,005,383</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$91,633</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$3,097,016</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" bgcolor="#9accff" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #9accff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total as of March 31, 2011</b> </div></td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,005,383</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$91,633</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,097,016</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 16: NEW ACCOUNTING STANDARDS</b></font> </div> <div align="left" style="font-size: 9pt; margin-top: 4pt"><b>ACCOUNTING STANDARDS RECENTLY ADOPTED</b> </div> <div align="left" style="font-size: 8.5pt; margin-top: 2pt">ENHANCED DISCLOSURES FOR FAIR VALUE MEASUREMENTS As of and for the interim period ended March 31, 2011, we adopted Accounting Standards Update (ASU) No. 2010-6, “Improving Disclosures about Fair Value Measurements” as it relates to separate disclosures about purchases, sales, issuances and settlements applicable to Level 3 measurements. Our adoption of this standard had no impact on our financial position, results of operations or liquidity. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 17: SEGMENT REPORTING</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">We have four operating segments organized around our principal product lines: aggregates, concrete, asphalt mix and cement. The vast majority of our activities are domestic. We sell a relatively small amount of products outside the United States. Transactions between our reportable segments are recorded at prices approximating market levels. Management reviews earnings from the product line reporting units principally at the gross profit level. </div> <div align="left" style="font-size: 9pt; margin-top: 10pt"><b>SEGMENT FINANCIAL DISCLOSURE</b> </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="85%">  <tr valign="bottom" style="font-size:2px"> <td width="73%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Revenues</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Aggregates <sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$331.6</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$341.3</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(29.8</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(32.0</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>301.8</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">309.3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Concrete <sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>82.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">82.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0.0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>82.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">82.9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asphalt mix </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>64.7</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">63.6</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(0.6</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>64.7</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">63.0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cement <sup style="font-size: 85%; vertical-align: text-top">3</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>16.5</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">17.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(8.9</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8.6</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>7.6</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">9.3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>456.3</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">464.5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Delivery revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>30.9</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">28.8</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenues </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$487.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$493.3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Gross Profit</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Aggregates </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$10.7</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$15.4</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Concrete </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(14.4</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16.1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asphalt mix </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(0.2</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td> </td> <td align="right">1.1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cement </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(3.2</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td> </td> <td align="right">0.5</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>($7.1</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td align="left"> </td> <td align="right">$0.9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Depreciation, Depletion, Accretion and Amortization</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Aggregates </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$70.1</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$73.1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Concrete </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>13.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">13.0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asphalt mix </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>2.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">2.2</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cement </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>4.3</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">4.4</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate and other unallocated </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">1.5</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$90.6</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$94.2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>1</i></sup></td> <td width="1%"> </td> <td><i>Includes crushed stone, sand and gravel, sand, other aggregates, as well as transportation and service revenues associated with <br /> the aggregates business.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>2</i></sup></td> <td width="1%"> </td> <td><i>Includes ready-mixed concrete, concrete block, precast concrete, as well as building materials purchased for resale.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>3</i></sup></td> <td width="1%"> </td> <td><i>Includes cement and calcium products.</i></td> </tr> </table> </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 12pt"><font color="#000080"><b>NOTE 18: SUPPLEMENTAL CASH FLOW INFORMATION</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 4pt">Supplemental information referable to our Condensed Consolidated Statements of Cash Flows is summarized below: </div> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="74%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px"><i>in thousands</i> </div></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px"><b>Cash Payments (Refunds)</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Interest (exclusive of amount capitalized) </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b></b></td> <td align="right" bgcolor="#9accff"><b>$4,448</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"></td> <td align="right">$7,035</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Income taxes </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(35,938</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,657</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px"><b>Noncash Investing and Financing Activities</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Accrued liabilities for purchases of property, plant & equipment </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>6,378</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">10,273</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Stock issued for pension contribution (Note 9) </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">53,864</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Amounts referable to business acquisition (Note 14) </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Liabilities assumed </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>14,330</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Fair value of equity consideration </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>18,898</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> </div>

<div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 12pt; margin-top: 17pt"><font color="#000080"><b>NOTE 19: COMMITMENTS AND CONTINGENCIES</b></font> </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">We are a defendant in various lawsuits in the ordinary course of business. It is not possible to determine with precision the outcome, or the amount of liability, if any, under these lawsuits, especially where the cases involve possible jury trials with as yet undetermined jury panels. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">In addition to these lawsuits in which we are involved in the ordinary course of business, certain other material legal proceedings are more specifically described below. We contend that we are not liable in any of these matters and intend to defend ourselves vigorously. </div> <div align="left" style="font-size: 9pt; margin-top: 6pt"><b>PERCHLOROETHYLENE CASES</b> </div> <div align="left" style="font-size: 8.5pt; margin-top: 2pt">We are a defendant in cases involving perchloroethylene (perc), which was a product manufactured by our former Chemicals business. Perc is a cleaning solvent used in dry cleaning and other industrial applications. These cases involve various allegations of groundwater contamination or exposure to perc allegedly resulting in personal injury. Vulcan is vigorously defending all of these cases. At this time, we cannot determine the likelihood or reasonably estimate a range of loss pertaining to any of these matters, which are listed below: </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">CALIFORNIA WATER SERVICE COMPANY — On June 6, 2008, we were served in an action styled <i>California Water Service Company v. Dow, et al.</i>, now pending in the San Mateo County Superior Court, California. According to the complaint, California Water Service Company “owns and/or operates public drinking water systems, and supplies drinking water to hundreds of thousands of residents and businesses throughout California.” The complaint alleges that water systems in a number of communities have been contaminated with perc. The plaintiff is seeking compensatory damages and punitive damages. Discovery is ongoing.</td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">CITY OF SUNNYVALE CALIFORNIA — On January 6, 2009, we were served in an action styled <i>City of Sunnyvale v. Legacy Vulcan Corporation, f/k/a Vulcan Materials Company</i>, filed in the San Mateo County Superior Court, California. The plaintiffs are seeking cost recovery and other damages for alleged environmental contamination from perc and its degradation products at the Sunnyvale Town Center Redevelopment Project. Discovery is ongoing. A trial date of January 9, 2012 has been set.</td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">SUFFOLK COUNTY WATER AUTHORITY — On May 4, 2010, we were served in an action styled <i>Suffolk County Water Authority v. The Dow Chemical Company, et al.</i>, in the United States District Court for the Eastern District of New York. This case was subsequently dismissed and refiled in the Supreme Court for Suffolk County, State of New York. The complaint alleges that the plaintiff “owns and/or operates drinking water systems and supplies drinking water to thousands of residents and businesses, in Suffolk County, New York.” The complaint alleges that perc and its degradation products “have been and are contaminating and damaging Plaintiff’s drinking water supply wells.” The plaintiff is seeking compensatory and punitive damages. Discovery is ongoing.</td> </tr> </table> </div>  <b> <b> </b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div style="margin-top: 6pt"> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">ADDAIR — This is a purported class action case for medical monitoring and personal injury damages styled <i>Addair et al. v. Processing Company, LLC, et al.</i>, pending in the Circuit Court of Wyoming County, West Virginia. The plaintiffs allege various personal injuries from exposure to perc used in coal sink labs. The perc manufacturing defendants, including Vulcan, have filed a motion for summary judgment. The Court has yet to rule on the motion but in the interim has stayed the litigation. As such, there has been no activity on this matter pending the Court’s ruling.</td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">WEST VIRGINIA COAL SINK LAB LITIGATION — This is a mass tort action consisting of over 100 cases filed in 17 different counties in West Virginia from September 1 to October 13, 2010, for medical monitoring and personal injury damages for exposure to perc used in coal sink labs. The West Virginia Supreme Court of Appeals, in an order entered January 19, 2011, transferred all of these cases (referred to as <i>Jeffrey Blount v. Arkema, Inc., et al.</i>) to the West Virginia Mass Litigation Panel. No discovery has been conducted in this matter.</td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">SANTARSIERO — This is a case styled <i>Robert Santarsiero v. R.V. Davies, et al.</i>, pending in Supreme Court, New York County, New York. We were brought in as a third-party defendant by original defendant R.V. Davies. We recently learned that the plaintiff, who was alleging perc exposure, is now deceased. The case has been stayed pending further information about this development.</td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 8.5pt; text-align: left"> <tr valign="top" style="font-size: 8.5pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"><font style="font-family: Wingdings">§</font></td> <td colspan="2">R.R. STREET INDEMNITY — Street, a former distributor of perc manufactured by us, alleges that we owe Street, and its insurer (National Union), a defense and indemnity in several of these litigation matters, as well as some prior litigation which we have now settled. National Union alleges that we are obligated to contribute to National Union’s share of defense fees, costs and any indemnity payments made on Street’s behalf. We have had discussions with Street about the nature and extent of indemnity obligations, if any, and to date there has been no resolution of these issues.</td> </tr> </table> </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">FLORIDA ANTITRUST LITIGATION — Our subsidiary, Florida Rock Industries, Inc., has been named as a defendant in a number of class action lawsuits filed in the United States District Court for the Southern District of Florida. The lawsuits were filed by several ready-mixed concrete producers and construction companies against a number of concrete and cement producers and importers in Florida. There are now two consolidated amended complaints: (1) on behalf of direct independent ready-mixed concrete producers, and (2) on behalf of indirect users of ready-mixed concrete. The other defendants include Cemex Corp., Votarantim Cimentos North America and Titan America. The complaints allege various violations under the federal antitrust laws, including price fixing and market allocations. We have no reason to believe that Florida Rock is liable for any of the matters alleged in the complaint, and we intend to defend the case vigorously. Discovery is ongoing. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">IDOT/JOLIET ROAD — In September 2001, we were named a defendant in a suit brought by the Illinois Department of Transportation (IDOT), in the Circuit Court of Cook County, Chancery Division, Illinois, alleging damage to a 0.9-mile section of Joliet Road that bisects our McCook quarry in McCook, Illinois, a Chicago suburb. On May 18, 2010, we settled this lawsuit for $40,000,000 and recognized the full settlement as a charge to operations in the second quarter of 2010. Under the terms of the settlement we paid IDOT $20,000,000 in May 2010 and we paid the second installment of $20,000,000 on February 17, 2011. We are taking appropriate actions, including participating in two arbitrations in 2011, to recover the settlement amount in excess of the self-insured retention of $2,000,000, as well as a portion of our defense costs from our insurers. In February 2011, we completed the first arbitration with two of our three insurers. The arbitration panel awarded us a total of $25,546,000 in payment of their share of the settlement amount and attorneys’ fees. This award was recorded as income in the first quarter of 2011. The second arbitration is scheduled for May 2011. </div> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">LOWER PASSAIC RIVER CLEAN-UP — We have been sued as a third-party defendant in <i>New Jersey Department of Environmental Protection, et al. v. Occidental Chemical Corporation, et al.</i>, a case brought by the New Jersey Department of Environmental Protection in the New Jersey Superior Court. The third-party complaint was filed on February 4, 2009. This suit by the New Jersey Department of Environmental Protection seeks recovery of past and future clean-up costs as well as unspecified economic damages, punitive damages, penalties and a variety of other forms of relief arising from alleged discharges into the Passaic River of dioxin and other unspecified hazardous substances. Our former Chemicals Division operated a plant adjacent to the Passaic River and has been sued as a third-party defendant, along with approximately 300 other parties. Additionally, Vulcan and approximately 70 other companies are parties to a May 2007 Administrative Order of Consent with the U.S. Environmental Protection Agency to perform a Remedial Investigation/Feasibility Study of the contamination in the lower 17 miles of the Passaic River. This study is ongoing. At this time, we cannot determine the likelihood or reasonably estimate a range of loss pertaining to this matter. </div>  <b> </b>  </div>  <div style="font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8.5pt; margin-top: 6pt">It is not possible to predict with certainty the ultimate outcome of these and other legal proceedings in which we are involved and a number of factors, including developments in ongoing discovery or adverse rulings, could cause actual losses to differ materially from accrued costs. No liability was recorded for claims and litigation for which a loss was determined to be only reasonably possible or for which a loss could not be reasonably estimated. In addition, losses on certain claims and litigation described above may be subject to limitations on a per occurrence basis by excess insurance, as described in our most recent Annual Report on Form 10-K. </div> </div>

<div align="left" style="font-size: 9pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="font-size: 8.5pt; margin-top: 2pt">ENHANCED DISCLOSURES FOR FAIR VALUE MEASUREMENTS As of and for the interim period ended March 31, 2011, we adopted Accounting Standards Update (ASU) No. 2010-6, “Improving Disclosures about Fair Value Measurements” as it relates to separate disclosures about purchases, sales, issuances and settlements applicable to Level 3 measurements. Our adoption of this standard had no impact on our financial position, results of operations or liquidity. </div> </div>

<div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="90%">  <tr valign="bottom"> <td width="64%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><i>As of March 31, 2010</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>As</i></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>As</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Reported</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Correction</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Restated</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Balance Sheet</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Assets</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Current deferred income taxes </div></td> <td> </td> <td align="left"> </td> <td align="right">$56,990</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($1,950</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"> </td> <td align="right">$55,040</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Prepaid expenses </div></td> <td> </td> <td> </td> <td align="right">51,538</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8,450</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">43,088</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total current assets </div></td> <td> </td> <td> </td> <td align="right">766,072</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(10,400</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">755,672</td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right">3,093,979</td> <td> </td> <td> </td> <td> </td> <td align="right">2,321</td> <td> </td> <td> </td> <td> </td> <td align="right">3,096,300</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total assets </div></td> <td> </td> <td align="left"> </td> <td align="right">$8,474,882</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($8,079</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"> </td> <td align="right">$8,466,803</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Liabilities</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Noncurrent deferred income taxes </div></td> <td> </td> <td align="left"> </td> <td align="right">$863,678</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$6,706</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$870,384</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total liabilities </div></td> <td> </td> <td> </td> <td align="right">4,411,882</td> <td> </td> <td> </td> <td> </td> <td align="right">6,706</td> <td> </td> <td> </td> <td> </td> <td align="right">4,418,588</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Shareholders’ equity</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Retained earnings </div></td> <td> </td> <td> </td> <td align="right">1,681,624</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,785</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">1,666,839</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total shareholders’ equity </div></td> <td> </td> <td> </td> <td align="right">4,063,000</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(14,785</td> <td nowrap="nowrap">)</td> <td> </td> <td> </td> <td align="right">4,048,215</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total liabilities and shareholders’ equity </div></td> <td> </td> <td align="left"> </td> <td align="right">$8,474,882</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($8,079</td> <td nowrap="nowrap">)</td> <td> </td> <td align="left"> </td> <td align="right">$8,466,803</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>

<div align="left" style="font-size: 9pt; font-family: Helvetica,Arial,sans-serif"> <div align="left" style="margin-top: 8.5pt"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="70%">  <tr valign="bottom"> <td width="70%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="11%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000000"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 0px solid #000000"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td style="border-bottom: 1px solid #000000"> </td> <td nowrap="nowrap" align="right" colspan="2" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Antidilutive common stock equivalents </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>5,695</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">4,414</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td align="left" style="border-top: 1pt solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1pt solid #000000"> </td> </tr>  </table> </div> </div>

<div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif"> <div align="center"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="45%"> </td> <td width="3%"> </td> <td width="18%"> </td> <td width="1%"> </td> <td width="6%"> </td> <td width="3%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="3%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="10" style="border-bottom: 1px solid #000000"><b><i>Fair Value</i></b> <sup style="font-size: 85%; vertical-align: text-top"><b><i>1</i></b></sup></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Balance Sheet Location</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="font-size: 3pt"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Liability Derivatives</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Interest rate derivatives </div></td> <td> </td> <td colspan="2" align="right">Other current liabilities</td> <td> </td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$8,956</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Total derivatives liability </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$8,956</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="17" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div align="left" style="font-size: 8pt; margin-top: 4pt; margin-left: 1%"><sup style="font-size: 85%; vertical-align: text-top"><i>1</i></sup>    <i>See Note 7 for further discussion of the fair value determination.</i> </div> </div>

<div align="left" style="font-size: 8pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="55%"> </td> <td width="5%"> </td> <td width="10%"> </td> <td width="1%"> </td> <td width="10%"> </td> <td width="5%"> </td> <td width="2%"> </td> <td width="1%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="3"><i>Location on</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left" style="padding-left: 0px"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="3"><i>Statements</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td colspan="1" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px"><b>Interest Rate Derivatives</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Loss recognized in OCI </div></td> <td> </td> <td colspan="3" align="right">Other current</td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">(effective portion) </div></td> <td> </td> <td colspan="3" align="right">liabilities</td> <td> </td> <td align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>$</b><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($808</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td colspan="1" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:15px; text-indent:-15px">Loss reclassified from </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">Accumulated OCI </div></td> <td> </td> <td colspan="3" align="right">Interest</td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td style="padding-left: 0px"> <div style="margin-left:20px; text-indent:-15px">(effective portion) </div></td> <td> </td> <td colspan="3" align="right">expense</td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,995</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">4,898</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> </div>

<div align="left" style="font-size: 9pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="95%">  <tr valign="bottom"> <td width="62%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>December 31</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>March 31</i></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Long-term Debt</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">5-year floating term loan issued 2010 </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$450,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$450,000</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">10.125% 2015 notes issued 2009<sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>149,612</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">149,597</td> <td> </td> <td> </td> <td> </td> <td align="right">149,552</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">10.375% 2018 notes issued 2009<sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>248,424</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">248,391</td> <td> </td> <td> </td> <td> </td> <td align="right">248,299</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">3-year floating term loan issued 2008 </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">100,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">6.30% 5-year notes issued 2008<sup style="font-size: 85%; vertical-align: text-top">3</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>249,754</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">249,729</td> <td> </td> <td> </td> <td> </td> <td align="right">249,656</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">7.00% 10-year notes issued 2008<sup style="font-size: 85%; vertical-align: text-top">4</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>399,666</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">399,658</td> <td> </td> <td> </td> <td> </td> <td align="right">399,633</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">3-year floating notes issued 2007 </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">325,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">5.60% 5-year notes issued 2007<sup style="font-size: 85%; vertical-align: text-top">5</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>299,801</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">299,773</td> <td> </td> <td> </td> <td> </td> <td align="right">299,692</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">6.40% 10-year notes issued 2007<sup style="font-size: 85%; vertical-align: text-top">6</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>349,856</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">349,852</td> <td> </td> <td> </td> <td> </td> <td align="right">349,840</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">7.15% 30-year notes issued 2007<sup style="font-size: 85%; vertical-align: text-top">7</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>249,326</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">249,324</td> <td> </td> <td> </td> <td> </td> <td align="right">249,319</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Private placement notes </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">15,212</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Medium-term notes </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>21,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">21,000</td> <td> </td> <td> </td> <td> </td> <td align="right">21,000</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Industrial revenue bonds </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>14,000</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">14,000</td> <td> </td> <td> </td> <td> </td> <td align="right">17,550</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other notes </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,395</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">1,438</td> <td> </td> <td> </td> <td> </td> <td align="right">1,738</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total debt excluding short-term borrowings </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$2,432,834</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,432,762</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,426,491</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Less current maturities of long-term debt </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>5,238</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">5,246</td> <td> </td> <td> </td> <td> </td> <td align="right">325,344</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total long-term debt </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$2,427,596</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,427,516</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,101,147</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="8" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Estimated fair value of total long-term debt </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$2,544,368</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,559,059</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$2,333,436</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="13" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt; margin-right: 2%"> <table width="98%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>1</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $388 thousand, December 31, 2010 - $403 thousand and March 31,<br />2010 - $448 thousand. The effective interest rate for these 2015 notes is 10.31%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>2</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $1,576 thousand, December 31, 2010 - $1,609 thousand and March 31,<br />2010 - $1,701 thousand. The effective interest rate for these 2018 notes is 10.58%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>3</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $246 thousand, December 31, 2010 - $271 thousand and March 31,<br />2010 - $344 thousand. The effective interest rate for these 5-year notes is 7.47%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>4</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $334 thousand, December 31, 2010 - $342 thousand and March 31,<br />2010 - $367 thousand. The effective interest rate for these 10-year notes is 7.86%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>5</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $199 thousand, December 31, 2010 - $227 thousand and March 31,<br />2010 - $308 thousand. The effective interest rate for these 5-year notes is 6.58%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>6</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $144 thousand, December 31, 2010 - $148 thousand and March 31,<br />2010 - $160 thousand. The effective interest rate for these 10-year notes is 7.39%.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>7</i></sup></td> <td width="1%"> </td> <td><i>Includes decreases for unamortized discounts, as follows: March 31, 2011 - $674 thousand, December 31, 2010 - $676 thousand and March 31,<br />2010 - $681 thousand. The effective interest rate for these 30-year notes is 8.04%.</i></td> </tr> </table> </div> </div>

<div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="74%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>ARO Operating Costs</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accretion </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff">  <b>$2,172</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$2,189</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Depreciation </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1,541</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">3,183</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$3,713</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$5,372</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>   <div align="left" style="font-size: 9pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="74%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Asset Retirement Obligations</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at beginning of period </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$162,730</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$167,757</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Liabilities incurred </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Liabilities settled </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(2,332</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,377</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Accretion expense </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>2,172</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">2,189</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:20px; text-indent:-15px">Revisions up (down) </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>21</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(3,638</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Balance at end of period </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$162,591</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$163,931</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>   <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="86%"> </td> <td width="5%"> </td> <td width="3%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>March 31</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Standby Letters of Credit</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Risk management requirement for insurance claims </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$41,083</b></td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Payment surety required by utilities </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>133</b></td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Contractual reclamation/restoration requirements </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>9,097</b></td> <td bgcolor="#9accff"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Financial requirement for industrial revenue bond </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>14,231</b></td> <td bgcolor="#9accff"> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$64,544</b></td> <td bgcolor="#9accff"> </td> </tr> <tr style="font-size: 1px"> <td colspan="5" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>

<div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 8pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="96%">  <tr valign="bottom"> <td width="40%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><font style="font-size:9pt"><b>GOODWILL</b></font></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"> </td> <td> </td> </tr> <tr style="font-size: 7pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in thousands</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Aggregates</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Concrete</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Asphalt mix</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Cement</i></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>Total</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Gross Carrying Amount</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total as of December 31, 2010 </div></td> <td> </td> <td align="left"> </td> <td align="right">$3,005,383</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$91,633</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$252,664</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$3,349,680</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill of acquired businesses </div></td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total as of March 31, 2011</b> </div></td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,005,383</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$91,633</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$252,664</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,349,680</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 8pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Accumulated Impairment Losses</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total as of December 31, 2010 </div></td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($252,664</td> <td nowrap="nowrap">)</td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">($252,664</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill impairment loss </div></td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total as of March 31, 2011</b> </div></td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>($252,664</b></td> <td nowrap="nowrap"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right"><b>($252,664</b></td> <td nowrap="nowrap"><b>)</b></td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 8pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td nowrap="nowrap"> <div style="margin-left:15px; text-indent:-15px"><b>Goodwill, net of Accumulated Impairment Losses</b> </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total as of December 31, 2010 </div></td> <td> </td> <td align="left"> </td> <td align="right">$3,005,383</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$91,633</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$0</td> <td> </td> <td> </td> <td align="left"> </td> <td align="right">$3,097,016</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" bgcolor="#9accff" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="background: #9accff"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total as of March 31, 2011</b> </div></td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,005,383</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$91,633</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$0</b></td> <td> </td> <td> </td> <td align="left"> </td> <td align="right"><b>$3,097,016</b></td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="21" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> </div>   <div align="left" style="font-size: 9pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="85%">  <tr valign="bottom" style="font-size:2px"> <td width="73%"> </td> <td width="5%"> </td> <td width="4%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td nowrap="nowrap" align="left"><i>in millions</i></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Total Revenues</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Aggregates <sup style="font-size: 85%; vertical-align: text-top">1</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$331.6</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$341.3</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(29.8</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(32.0</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>301.8</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">309.3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Concrete <sup style="font-size: 85%; vertical-align: text-top">2</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>82.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">82.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0.0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>82.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">82.9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asphalt mix </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>64.7</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">63.6</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(0.6</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>64.7</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">63.0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cement <sup style="font-size: 85%; vertical-align: text-top">3</sup> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Segment revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>16.5</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">17.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:22px; text-indent:-15px">Intersegment sales </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(8.9</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(8.6</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>7.6</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">9.3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Net sales </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>456.3</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">464.5</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Delivery revenues </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>30.9</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">28.8</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total revenues </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$487.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$493.3</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Gross Profit</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Aggregates </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$10.7</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$15.4</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Concrete </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(14.4</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(16.1</td> <td nowrap="nowrap">)</td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asphalt mix </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(0.2</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td> </td> <td align="right">1.1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cement </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(3.2</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td> </td> <td align="right">0.5</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>($7.1</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td align="left"> </td> <td align="right">$0.9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 2px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000000"> </td> </tr> <tr valign="bottom" style="line-height: 3pt"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px"><b>Depreciation, Depletion, Accretion and Amortization</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Aggregates </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$70.1</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$73.1</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Concrete </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>13.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">13.0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Asphalt mix </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>2.0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">2.2</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Cement </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>4.3</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">4.4</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Corporate and other unallocated </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>1.2</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">1.5</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="2" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="3" bgcolor="#9accff" align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Total </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b> </b></td> <td align="right" bgcolor="#9accff"><b>$90.6</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"> </td> <td align="right">$94.2</td> <td> </td> </tr> <tr style="font-size: 1px"> <td colspan="9" align="left" style="border-top: 2px solid #000000"> </td> </tr>  </table> </div> <div style="margin-top: 3pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>1</i></sup></td> <td width="1%"> </td> <td><i>Includes crushed stone, sand and gravel, sand, other aggregates, as well as transportation and service revenues associated with <br /> the aggregates business.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>2</i></sup></td> <td width="1%"> </td> <td><i>Includes ready-mixed concrete, concrete block, precast concrete, as well as building materials purchased for resale.</i></td> </tr> <tr> <td style="font-size: 3pt"> </td> </tr> <tr valign="top" style="font-size: 8pt; color: #000000; background: transparent"> <td width="2%" style="background: transparent"> </td> <td width="1%" nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top"><i>3</i></sup></td> <td width="1%"> </td> <td><i>Includes cement and calcium products.</i></td> </tr> </table> </div> </div>   <div align="left" style="font-size: 12pt; font-family: Helvetica,Arial,sans-serif"> <div align="left"> <table style="font-size: 9pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="80%">  <tr valign="bottom"> <td width="74%"> </td> <td width="1%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> <td width="7%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td align="left" style="border-top: 2px solid #000080"> </td> <td colspan="4" align="left" style="border-top: 2px solid #000080"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6"><b><i>Three Months Ended</i></b></td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="6" style="border-bottom: 1px solid #000000"><b><i>March 31</i></b></td> <td style="border-bottom: 1px solid #000000"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px"><i>in thousands</i> </div></td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><b><i>2011</i></b></td> <td> </td> <td> </td> <td nowrap="nowrap" align="right" colspan="2"><i>2010</i></td> <td> </td> </tr>   <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px"><b>Cash Payments (Refunds)</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Interest (exclusive of amount capitalized) </div></td> <td> </td> <td align="left" bgcolor="#9accff"><b></b></td> <td align="right" bgcolor="#9accff"><b>$4,448</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td align="left"></td> <td align="right">$7,035</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Income taxes </div></td> <td> </td> <td nowrap="nowrap" align="left" bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>(35,938</b></td> <td nowrap="nowrap" bgcolor="#9accff"><b>)</b></td> <td> </td> <td nowrap="nowrap" align="left"> </td> <td align="right">(2,657</td> <td nowrap="nowrap">)</td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 1px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr> <tr style="font-size: 3pt"> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td align="left" style="border-top: 0px solid #000000" bgcolor="#9accff"> </td> <td colspan="4" align="left" style="border-top: 0px solid #000000"> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px"><b>Noncash Investing and Financing Activities</b> </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Accrued liabilities for purchases of property, plant & equipment </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>6,378</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">10,273</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Stock issued for pension contribution (Note 9) </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>0</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">53,864</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Amounts referable to business acquisition (Note 14) </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Liabilities assumed </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>14,330</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:0px; text-indent:-0px">Fair value of equity consideration </div></td> <td> </td> <td bgcolor="#9accff"> </td> <td align="right" bgcolor="#9accff"><b>18,898</b></td> <td bgcolor="#9accff"> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td align="left" style="border-top: 1px solid #000000"> </td> <td colspan="4" align="left" style="border-top: 1px solid #000000"> </td> </tr>  </table> </div> </div> false --12-31 Q1 2011 2011-03-31 10-Q 0001396009 129106955 Yes Large Accelerated Filer 5602210475 Vulcan Materials CO No Yes 325000000

300648000

325303000

285644000

291412000

317798000

278126000

2834162000

3059900000

3136390000

-46956000

-39137000

-37687000

144093000

138202000

135985000

-191049000

-177339000

-173672000

2444732000

2500886000

2524514000

8753000

461000

9236000

7505000

7518000

4414000

5695000

3936000

167757000

163931000

162730000

162591000

2189000

2172000

-2377000

-2332000

-3638000

21000

8466803000

8474882000

-8079000

8337891000

8298791000

755672000

-10400000

766072000

772106000

765250000

14839000

13207000

13281000

9625000

11016000

9625000

9737000

18898000

368527

8436000

10273000

6378000

22265000

35940000

47541000

63164000

13675000

15623000

4898000

1995000

300000000

0.25

127693000

128570000

129107000

-35439000

-51066000

492370000

494306000

463640000

463422000

June 2013

100000000

325000000

450000000

2333436000

2559059000

2544368000

quarterly

0.0747

0.0658

0.0786

0.1058

0.0804

0.1031

0.0739

0.0786

0.1058

0.0747

0.0739

0.1031

0.0658

0.0804

0.0739

0.0804

0.1058

0.1031

0.0747

0.0658

0.0786

0.10375

0.0560

0.0640

0.10125

0.0700

0.0715

0.0630

0.10375

0.0700

0.10125

0.0560

0.0640

0.0715

0.0630

0.10375

0.0640

0.10125

0.0715

0.00613

0.0560

0.0057

0.0630

0.006095

0.0700

10000000

344000

367000

681000

160000

308000

1701000

448000

676000

271000

1609000

227000

342000

148000

403000

144000

1576000

674000

334000

246000

199000

388000

-32369000

-50563000

55040000

56990000

-1950000

53794000

57083000

-6129000

-14785000

870384000

863678000

6706000

849448000

812878000

-1336000

-222000

-287000

-2824000

-182000

115000

-169000

85000

12535000

12370000

59245000

10405000

1663000

10542000

1613000

2769000

4129000

2928000

6271000

4808000

1066000

5190000

1197000

94197000

13000000

2200000

73100000

4400000

1500000

90586000

4300000

13000000

70100000

1200000

2000000

3-month LIBOR plus 1.25%

0.0525

-808000

7915000

11056000

960000

5306000

3148000

6473000

-0.31

-0.42

-0.31

-0.42

0.435

0.367

7740000

2769000

11947000

9336000

13960000

2431000

10144000

13594000

1323000

681872000

691693000

701046000

48371000

454000

57165000

12738000

25546000

2321000

3096300000

3093979000

2321000

3097016000

894000

-16100000

15400000

500000

1100000

-7106000

-14400000

-3200000

10700000

-200000

48018000

2500000

1436000

-44474000

-64622000

-78686000

-102052000

-0.35

-0.50

-0.35

-0.50

5727000

9889000

0.04

0.08

0.04

0.08

-2657000

-35938000

-34212000

-37430000

-46543000

-68374000

3643000

-438000

7500000

43294000

42250000

7035000

4448000

8352000

8956000

-8956000

246632000

254840000

257522000

307601000

319845000

329187000

22430000

22222000

26570000

4663000

6036000

4830000

4418588000

6706000

4411882000

4372911000

4393174000

8466803000

-8079000

8474882000

8337891000

8298791000

909222000

565672000

618282000

425000

116000

356000

1500000000

2426491000

248299000

15212000

299692000

399633000

249656000

100000000

1738000

249319000

21000000

325000000

349840000

149552000

17550000

2432762000

299773000

249324000

149597000

349852000

1438000

399658000

14000000

249729000

21000000

450000000

248391000

2432834000

1395000

21000000

248424000

349856000

299801000

249326000

249754000

450000000

149612000

399666000

14000000

325344000

5246000

5238000

2101147000

2427516000

2427596000

33298000

37386000

37271000

-21451000

-17496000

28687000

-10931000

6439000

44050000

-38747000

-54733000

14330000

1500000000

325000000

-36770000

-61184000

128974000

102315000

119702000

153000

122000

115000

106620000

106776000

105378000

899000

2217000

3308000

3667000

-2887000

-1450000

40000

1451000

118000

2909000

-478000

33876000

36747000

40265000

154479000

172495000

192986000

537835000

530275000

534418000

1378000

1382000

460000

-2562000

89777000

29000

38000

31600000

32265000

19759000

24207000

20050000

1013000

43088000

51538000

-8450000

19374000

24300000

51064000

12284000

11249000

191000

400000

25000

63487000

14500000

1054000

592000

3630000

10106000

3112000

1536000

6627203000

6692814000

6729220000

3793041000

3632914000

3592830000

75093000

3059000

3643000

547000

109000

14785000

1666839000

-14785000

1681624000

1512863000

1425668000

464534000

309300000

82900000

9300000

63000000

456316000

7600000

82200000

64700000

301800000

493264000

487200000

52000

3097016000

91633000

3005383000

3097016000

91633000

3005383000

-600000

-8600000

-32000000

-8900000

-29800000

63600000

82900000

341300000

17900000

331600000

64700000

16500000

82200000

86495000

77516000

5277000

3676000

28730000

30884000

28730000

30884000

285500000

300000000

50000000

150000000

100000000

300000000

285500000

300000000

0.0034

0.0059

0.0060

4109000

4048215000

-14785000

4063000000

3964980000

3905617000

53864000

372992

8450000

126692000

129078000

126692000

129078000

0.50 0.50 1300000 22041000 61512000 360000000 2 5372000 3713000 3183000 1541000 3670000 3460000 3429000 42.85 0.025 42750000 879000 1228000 40000000 9097000 72500000 18636000 53864000 150000000 July 2015 0.402 0.407 0.412 P1D 3 - 74 days 1-76 days 21890000 11161000 19687000 23296000 23738000 -2078000 2431000 1323000 14231000 3349680000 3005383000 0 91633000 252664000 3349680000 252664000 3005383000 0 91633000 -252664000 0 0 -252664000 0 -252664000 0 0 -252664000 0 52674000 0 0 15000000 P3Y 1, 2, 3 or 6-month P3Y P30Y P10Y P5Y P5Y P3Y P5Y P10Y P3Y P5Y P3Y P5Y P5Y P3Y P30Y P10Y P10Y P3Y P3Y P10Y P5Y P3Y P5Y P5Y P10Y P30Y 0.65 3630000 5532000 5531000 0 11249000 0 2 over 100 1190000 1190000 17 10 4 70 300 441026 72499 450000000 64544000 6555000 8794000 12284000 54991000 133000 20000000 20000000 0.0031 0.0030 41083000 2000000 25546000 476000 322000 250368 0 3411416 0.025 368527 0.0281 1190000 45.26 As Restated, See Note 1