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<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">1.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Description of Business and Basis of Presentation </div></div></div></td></tr></table> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Description of Business </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Marcus & Millichap, Inc., (the “Company”, “Marcus & Millichap”, or “MMI”), a Delaware corporation, is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2020, MMI operates 84 offices in the United States and Canada through its wholly-owned subsidiaries, including the operations of Marcus & Millichap Capital Corporation. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Reorganization and Initial Public Offering </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">MMI was formed in June 2013 in preparation for Marcus & Millichap Company (“MMC”) to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">spin-off</div> its majority owned subsidiary, Marcus & Millichap Real Estate Investment Services, Inc. (“MMREIS”). Prior to the initial public offering (“IPO”) of MMI, all of the preferred and common stockholders of MMREIS (including MMC and employees of MMREIS) contributed all of their outstanding shares to MMI, in exchange for new MMI common stock. As a result, MMREIS became a wholly-owned subsidiary of MMI. Thereafter, MMC distributed 80.0% of the shares of MMI common stock to MMC’s shareholders and exchanged the remaining portion of its shares of MMI common stock for cancellation of indebtedness of MMC. MMI completed its IPO in <span style="-sec-ix-hidden:hidden17802687">November 2013</span>. </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis of Presentation </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company’s consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Considerations Related to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> Pandemic </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The COVID-19 pandemic and resultant shutdown of economic activity across much of the world has led to sharp increases in unemployment, volatility in debt and equity markets and businesses instituting cost-cutting and capital-preservation measures. There has been a significant impact on commercial real estate markets in the United States and Canada that started at the end of first quarter 2020 and continued through the second quarter of 2020 as many property owners have put transactions on hold, driving significantly lower sales volumes. During the second half of the 2020, the Company experienced improvement in transaction activity.</div> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company could experience other potential impacts as a result of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic. Actual results may differ from the Company’s current estimates as there is considerable uncertainty around the scope and duration of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic, and, as a result, the extent of the impact of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> on the Company’s operational and financial performance is uncertain and cannot be predicted. The Company expects the effects of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic to continue to impact its financial position, results of operations, and cash flows for at least the first quarter of 2021. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">See Note 3 – “Property and Equipment, Net”, Note 6 – “Acquisitions, Goodwill and Other Intangible Assets”, Note 10 – “Fair Value Measurements” and Note 16 – “Commitments and Contingencies”<div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div>for further discussion on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19.</div> </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassifications </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Certain prior-period amounts in the consolidated balance sheet and statement of cash flows, Note 7 – “Selected Balance Sheet Data” and Note 10 – “Fair Value Measurements”, have been reclassified to conform to </div> </div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">the current period presentation. These changes had no impact on the previously reported consolidated results of operations. </div></div> <div style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 18pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Description of Business </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Marcus & Millichap, Inc., (the “Company”, “Marcus & Millichap”, or “MMI”), a Delaware corporation, is a brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services. As of December 31, 2020, MMI operates 84 offices in the United States and Canada through its wholly-owned subsidiaries, including the operations of Marcus & Millichap Capital Corporation. </div></div>
84
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Reorganization and Initial Public Offering </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">MMI was formed in June 2013 in preparation for Marcus & Millichap Company (“MMC”) to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">spin-off</div> its majority owned subsidiary, Marcus & Millichap Real Estate Investment Services, Inc. (“MMREIS”). Prior to the initial public offering (“IPO”) of MMI, all of the preferred and common stockholders of MMREIS (including MMC and employees of MMREIS) contributed all of their outstanding shares to MMI, in exchange for new MMI common stock. As a result, MMREIS became a wholly-owned subsidiary of MMI. Thereafter, MMC distributed 80.0% of the shares of MMI common stock to MMC’s shareholders and exchanged the remaining portion of its shares of MMI common stock for cancellation of indebtedness of MMC. MMI completed its IPO in <span style="-sec-ix-hidden:hidden17802687">November 2013</span>. </div>
2013-06
0.800
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basis of Presentation </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company’s consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Considerations Related to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> Pandemic </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The COVID-19 pandemic and resultant shutdown of economic activity across much of the world has led to sharp increases in unemployment, volatility in debt and equity markets and businesses instituting cost-cutting and capital-preservation measures. There has been a significant impact on commercial real estate markets in the United States and Canada that started at the end of first quarter 2020 and continued through the second quarter of 2020 as many property owners have put transactions on hold, driving significantly lower sales volumes. During the second half of the 2020, the Company experienced improvement in transaction activity.</div> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company could experience other potential impacts as a result of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic. Actual results may differ from the Company’s current estimates as there is considerable uncertainty around the scope and duration of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic, and, as a result, the extent of the impact of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> on the Company’s operational and financial performance is uncertain and cannot be predicted. The Company expects the effects of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic to continue to impact its financial position, results of operations, and cash flows for at least the first quarter of 2021. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">See Note 3 – “Property and Equipment, Net”, Note 6 – “Acquisitions, Goodwill and Other Intangible Assets”, Note 10 – “Fair Value Measurements” and Note 16 – “Commitments and Contingencies”<div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"> </div></div>for further discussion on <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19.</div> </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassifications </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Certain prior-period amounts in the consolidated balance sheet and statement of cash flows, Note 7 – “Selected Balance Sheet Data” and Note 10 – “Fair Value Measurements”, have been reclassified to conform to </div> </div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">the current period presentation. These changes had no impact on the previously reported consolidated results of operations. </div></div> <div style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 18pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounting Policies and Recent Accounting Pronouncements </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounting Policies </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cash and Cash Equivalents </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company considers cash equivalents to include short-term, highly liquid investments with maturities of three months or less when purchased. Portions of the balance of cash and cash equivalents were held in financial institutions, various money market funds with fixed and floating net asset values and short-term commercial paper. Money market funds have floating net asset values and may be subject to gating or liquidity fees. The Company assesses short-term commercial paper for impairment in connection with investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale.</div></div> The likelihood of realizing material losses from cash and cash equivalents, including the excess of cash balances over federally insured limits, is remote. </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Revenue Recognition </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company generates real estate brokerage commissions by acting as a broker for real estate owners or investors seeking to buy or sell commercial properties. The Company generates financing fees from securing financing on purchase transactions, from refinancing its clients’ existing mortgage debt and other ancillary fees associated with financing activities, including, but not limited to, mortgage servicing, debt and equity advisory services, loan sales and other consulting and due diligence services. The Company recognizes mortgage servicing revenues upon the acquisition of a servicing contract. The Company records servicing fees when earned provided the loans are current and the debt service payments are made by the borrowers. Other revenues include fees generated from consulting and advisory services, as well as referral fees from other real estate brokers. The Company’s contracts contain one performance obligation related to its real estate brokerage, financing and consulting and advisory services offered to buyers and sellers of commercial real estate, and provide that it is operating as a principal in all its revenue generating activities. The Company does not have multiple-element arrangements, variable consideration, financing components, significant noncash consideration, licenses, long-term contracts with customers or other items affecting the transaction price. Accordingly, the Company determined that the transaction price is fixed and determinable and collectability is reasonably assured. The Company recognizes revenue in principally all cases at the close of escrow for real estate brokerage, at the close of loan for financing, when services are provided, or upon closing of the transaction for other revenues. </div> </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Capitalization of Internal Software </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Certain costs related to the development or purchase of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software are capitalized. Internal costs that are incurred in the preliminary project stage are expensed as incurred. Direct consulting costs and certain payroll and related costs that are incurred during the development stage of a project are capitalized and depreciated using the straight-line method over a useful life of five years. Capitalized costs are recorded in property and equipment, net, and depreciation is recorded in depreciation and amortization in the consolidated financial statements. Depreciation begins for software that has been placed into production and is ready for its intended use. Post-implementation costs such as training, maintenance and support are expensed as incurred. The Company evaluates the carrying value of capitalized software for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Commissions Receivable, Net </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commissions receivable, net consists of commissions earned on brokerage and financing transactions for which payment has not yet been received. The Company evaluates the need for an allowance for credit losses</div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">based on consideration of historical experience, current conditions and forecasts of future economic conditions. The majority of commissions receivable are settled within 10 days after the close of escrow. </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Advances and Loans, Net </div></div></div></div></div> <div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances and loans, net includes amounts advanced and loans due from the Company’s investment sales and financing professionals. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to attract and retain highly skilled professionals, from time to time, the Company advances funds to its investment sales and financing professionals. The advances are typically in the form of forgivable loans that have terms that are generally between <span style="-sec-ix-hidden:hidden18323768">five</span> and ten years. <div style="letter-spacing: 0px; top: 0px;;display:inline;">The principal amount of a forgivable loan and accrued interest are forgiven over the term of the loan, so long as the investment sales and financing professionals continue to be a service provider with the Company, and/or upon achieving contractual performance criteria. Amounts forgiven are charged to selling, general and administrative expense at the time the amounts are forgiven. If the investment sales and financing professional’s relationship with the Company is terminated before the amount advanced is forgiven, the unforgiven amount becomes due and payable. The Company evaluates the need for an allowance for credit losses based on amounts advanced, expected forgiveness, consideration of historical experience, current conditions and forecasts of future economic conditions. Estimated credit losses, net of any reversals, are charged to credit loss expense included in selling, general and administrative expense. Amounts are generally written off when amounts are determined to be no longer collectable. Accrued interest, when applicable, has historically been immaterial.</div> </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company, from time to time, enters into various agreements with certain of its investment sales and financing professionals whereby these individuals receive loans.<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;">The notes receivable, along </div> with stated interest, are typically collected from future commissions or repaid based on the terms stipulated in the respective agreements that are generally between <span style="-sec-ix-hidden:hidden18323772">one</span> and seven years. The Company evaluates the need for an allowance for credit losses for the loans based on historical experience, current conditions and reasonable forecasts of future economic conditions. Estimated credit losses, net of any reversals, are charged to credit loss expense included in selling, general and administrative expense. Amounts are generally written off when amounts are determined to be no longer collectable. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cost of Services </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Cost of services principally consists of variable commissions, compensation-related costs related to the Company’s financing activities, and other costs for the Company’s investment sales and financing professionals related to transactions closed in the period. Commissions are accrued based on revenue from transactions generated by the Company’s investment sales and financing professionals. Investment sales and financing professionals are compensated at commission rates based on individual agreements, and a portion of the commissions due upon the closing of a transaction may be deferred in accordance with their contracts. Some of our most senior investment sales and financing professionals also have the ability to earn additional commissions after meeting certain annual financial thresholds. These additional commissions are recognized as cost of services in the period in which they are earned. Payment of a portion of these additional commissions are generally deferred for a period of one to three years, at our election, and paid at the beginning of the second and fourth calendar year. These deferred commissions are included in deferred compensation and commissions (current and non-current) captions in the accompanying consolidated balance sheets. Cost of services also includes referral fees paid to other real estate brokers where we are the principal service provider. </div> </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Investments in Marketable Debt Securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-Sale</div></div> </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains a portfolio of investments in a variety of fixed and variable rate debt securities, </div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">including U.S. treasuries, U.S. government sponsored entities, corporate debt, asset-backed securities (“ABS”) and other. The Company considers its investments in marketable debt securities to be <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> and accordingly, are recorded at their fair values. The Company determines the appropriate classification of investments in marketable debt securities at the time of purchase. Interest along with amortization of purchase premiums and accretion of discounts from the purchase date through the estimated maturity date, including consideration of variable maturities and contractual call provisions, are included in other income (expense), net in the consolidated statements of net and comprehensive income. The Company typically invests in highly-rated debt securities, and its investment policy generally limits the amount of credit exposure to any one issuer. The policy requires substantially all investments to be investment grade, with the primary objective of minimizing the potential risk of principal loss and matching long-term liabilities. See Note 5 – “Investments in Marketable Debt Securities” for additional information. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company reviews quarterly its investment portfolio of all securities in an unrealized loss position to determine if an impairment charge or credit reserve is required. The Company excludes accrued interest from both the fair value and the amortized cost basis of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> for the purposes of identifying and measuring an impairment. An investment is impaired if the fair value is less than its amortized cost basis. Impairment relating to credit losses is recorded through a reduction in the amortized cost of the security or an allowance for credit losses and credit loss expense (included in selling, general and administrative expense), limited by the amount that the fair value is less than the amortized cost basis. Impairment that has not been recorded as a credit loss is recorded through other comprehensive income (loss), net of applicable taxes. The Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables. The Company evaluates <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">write-off</div> of accrued interest receivable by the major security-type level at the time credit loss exists for the underlying security. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Determining whether a credit loss exists requires a high degree of judgment and the Company considers both qualitative and quantitative factors in making its determination. The Company evaluates its intent to sell, or whether the Company will more likely than not be required to sell, the security before recovery of its amortized cost basis. For all securities in an unrealized loss position, the Company evaluates, among other items, the extent and length of time the fair market value of a security is less than its amortized cost, time to maturity, duration, seniority, the financial condition of the issuer including credit ratings, any changes thereto and relative default rates, leverage ratios, availability of liquidity to make principle and interest payments, performance indicators of the underlying assets, analyst reports and recommendations, and changes in base and market interest rates. If the qualitative and quantitative analysis is sufficient to conclude that an impairment related to credit losses does not exist, the Company typically does not perform further quantitative analysis to estimate the present value of cash flows expected to be collected from the debt security. Estimates of expected future cash flows are the Company’s best estimate based on past events, current conditions and reasonable and supportable economic forecasts. </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Assets Held in Rabbi Trust </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company maintains a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-qualified</div> deferred compensation program for certain employees. Deferred amounts are invested in variable whole life insurance policies owned by the Company supporting the deferred obligation and are held in a rabbi trust. Participants elect to invest in various hypothetical equity and debt securities offered within the plan on a notional basis. The net change in the carrying value of the underlying assets held in the rabbi trust is recorded in other income (expense), net. The change in the deferred compensation liability as a result of the change in the notional value of the participants accounts is recorded as a component of selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Fair Value Measurements </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. GAAP defines the fair value of a financial instrument as the amount that would be received from the </div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">sale of an asset in an orderly transaction between market participants at the measurement date. The Company is responsible for the determination of fair value and the supporting methodologies and assumptions. The Company uses various pricing sources and third parties to provide and validate the values utilized. </div></div><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The degree of judgment used in measuring the fair value of financial instruments is generally inversely correlated with the level of observable valuation inputs. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Financial instruments for which no quoted prices are available have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets recorded at fair value are measured and classified in accordance with a fair value hierarchy consisting of the three “levels” based on the observability of inputs available in the marketplace used to measure the fair values as discussed below: </div></div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Level</div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> 1:</div></div> Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Level</div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> 2:</div></div> Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; or </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Level</div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> 3:</div></div> Unobservable inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Management estimates include certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Recurring Fair Value Measurements </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company values its investments including commercial paper and floating NAV money market funds recorded in cash and cash equivalents, investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> assets held in the rabbi trust, deferred compensation liability and contingent and deferred consideration at fair value on a recurring basis. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Fair values for investments included in cash and cash equivalents and marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> were determined for each individual security in the investment portfolio and all these securities are Level 1 or 2 measurements as appropriate. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair values for assets held in the rabbi trust and related deferred compensation liability were determined based on the cash surrender value of the company owned variable life insurance policies and underlying investments in the trust, and are Level 2 and Level 1 measurements, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Contingent consideration in connection with acquisitions, is carried at fair value and determined on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">contract-by-contract</div></div> basis, calculated using unobservable inputs based on a probability of achieving EBITDA and other performance requirements (refer to Note 10 – “Fair Value Measurements”), and is a Level 3 measurement. Deferred consideration in connection with acquisitions is carried at fair value and calculated using a discounted cash flow estimate with the only remaining condition on such payments being the passage of time, and is a Level 2 measurement. </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Nonrecurring Fair Value Measurements </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In accordance with U.S. GAAP, from time to time, the Company measures certain assets at fair value on a nonrecurring basis. The Company reviews the carrying value of mortgage servicing rights (“MSRs”), intangibles, </div> </div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">goodwill and other assets for indications of impairment at least annually. When indications of potential impairment are identified, the Company may be required to determine the fair value of those assets and record an adjustment for the carrying amount in excess of the fair value determined. Any fair value determination would be based on valuation approaches, which are appropriate under the circumstances and utilize Level 2 and Level 3 measurements as required.</div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Assets and Liabilities not Measured at Fair Value </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company’s commissions receivable, amounts due from employees and investment sales and financing professionals (included in the other assets, net current and other assets <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions), accounts payable and other liabilities and commissions payable (included in deferred compensation and commissions current and deferred compensation and commissions <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions) are carried at cost, which approximates fair value based on their immediate or short-term maturities and terms which approximate current market rates. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company’s obligations under stock appreciation rights (“SARs”) liability (included in the deferred compensation and commissions current and deferred compensation and commissions <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions) bear interest at a variable rate based on U.S. Treasuries, and the Company has determined that the carrying value approximates their fair value. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Property and Equipment, Net </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment are stated at cost less accumulated depreciation and amortization. The Company uses the straight-line method for depreciation and amortization. Depreciation and amortization are generally provided over estimated useful lives ranging from <span style="-sec-ix-hidden:hidden17805593">three</span> to seven years. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates its fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Other Assets </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other assets consist primarily of MSRs, security deposits made in connection with operating leases, customer trust accounts, employee notes receivable and other assets and receivables. In connection with a brokerage transaction, the Company may need to, or be required to, hold cash in escrow for a transaction participant. These amounts are deposited into separate customer trust accounts controlled by the Company. The amounts are included in current other assets, net, with a corresponding liability included in accounts payable and other liabilities, both in the consolidated balance sheets.</div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">MSRs are recorded at fair value upon acquisition of a servicing contract. The Company has elected the amortization method for the subsequent measurement of MSRs. MSRs are carried at the lower of amortized cost or fair value. All MSRs are amortized using the interest method over the period that servicing income is expected to be received. MSRs are included in other assets <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> in the accompanying consolidated balance sheets. See Note 7 – “Selected Balance Sheet Data” for additional information. Amortization related to the MSRs is included in depreciation and amortization expense in the accompanying consolidated statements of net and comprehensive income. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company measures MSRs at fair value on a nonrecurring basis. MSRs are a Level 3 measurement. The Company’s MSRs do not trade in an active, open market with readily observable prices. The estimated fair value of the Company’s MSRs were developed using a discounted cash flow model that calculates the present value of estimated future net servicing income. The model considers contractual provisions and assumptions of market </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">participants including specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. The Company periodically reassesses and adjusts, when necessary, the underlying inputs and assumptions used in the model to reflect observable market conditions and assumptions that a market participant would consider in valuing an MSR asset. </div></div></div><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with MSR activities, the Company holds funds in escrow for the benefit of the lenders. These funds and the offsetting obligations are not presented in the Company’s consolidated financial statements as they do not represent assets and liabilities of the Company. </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Leases </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company utilizes operating leases for all its facilities and autos. The Company determines if an arrangement is a lease at inception. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Right-of-use</div></div> assets (“ROU assets”) represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s contractual obligation to make lease payments under the lease. Operating leases are included in operating lease ROU assets, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current,</div> and operating lease liabilities current and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions in the consolidated balance sheets. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. Lease agreements may contain periods of free rent or reduced rent, predetermined fixed increases in the minimum rent and renewal or termination options, all of which add complexity and impact the determination of the lease term and lease payments to be used in calculating the lease liability. Certain facility leases provide for rental escalations related to increases in the lessors’ direct operating expenses. The Company uses the implicit rate in the lease when determinable. As most of the Company’s leases do not have a determinable implicit rate, determining the rate to be used in its calculations is judgmental. The Company uses a derived incremental borrowing rate based on borrowing options under its credit agreement and applies a spread over treasury rates for the indicated term of the lease based on the information available on the commencement date of the lease. The Company typically leases general purpose <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">built-out</div> office space, which reverts to the lessor upon termination of the lease. Any payments for completed improvements, determined to be owed by the lessor, net of incentives received, are recorded as an increase to the ROU asset and considered in the determination of the lease cost. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company has lease agreements with lease and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-lease</div> components, which are accounted for as a single lease component. Lease cost is recognized on a straight-line basis over the lease term. Variable lease payments consist of common area costs, insurance, taxes, utilities, parking and other lease related costs, which are determined principally based on billings from landlords. </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Litigation </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, some of which involve claims for damages that are substantial in amount. Most of these litigation matters are covered by insurance, which contain deductibles, exclusions, claim limits and aggregate policy limits. While the ultimate liability for these legal proceedings cannot be determined, the Company uses judgment in the evaluation of claims and the need for accrual for loss contingencies quarterly. The Company records an accrual for litigation related losses where the likelihood of loss is both probable and estimable. The Company accrues legal fees for litigation as the legal services are provided. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Advertising Costs </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advertising costs are expensed as incurred. Advertising costs are included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. </div></div><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advertising costs for the years ended December 31, 2020, 2019 and 2018 were $586,000, $889,000 and $1.1 million, respectively. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Income Taxes </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company accounts for income taxes under the asset and liability method. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to (i) differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, and (ii) operating losses and tax credit carryforwards. The Company measures existing deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which the Company expects to have temporary differences realized or settled. The Company recognizes in the provision for income taxes, the effect on deferred tax assets and liabilities of a change in tax rates in the period that includes the enactment date. The Company periodically evaluates deferred tax assets to assess whether it is likely that the deferred tax assets will be realized. In determining whether a valuation allowance is required, the Company considers the timing of deferred tax reversals, current year taxable income and historical performance. Valuation allowances are provided against deferred tax assets when it is <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">more-likely-than-not</div> that some portion or all of the deferred tax asset will not be realized. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Because of the nature of the Company’s business, which includes activity in the U.S. and Canada, incorporating numerous states and provinces as well as local jurisdictions, the Company’s tax position can be complex. As such, the Company’s effective tax rate is subject to changes as a result of fluctuations in the mix of its activity in the various jurisdictions in which the Company operates including changes in tax rates, state apportionment, tax related interest and penalties, valuation allowances and other permanent items. Calculating some of the amounts involves a high degree of judgment. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company evaluates its tax positions quarterly. The threshold for recognizing the benefits of tax return positions in the financial statements is “more likely than not” to be sustained by the taxing authority and requires measurement of a tax position meeting the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">more-likely-than-not</div> criterion, based on the largest benefit that is more than 50% likely to be realized. The Company assesses its inventory of tax positions with respect to all applicable income tax issues for all open tax years (in each respective jurisdiction) and determines whether uncertain tax positions are required to be recognized in the Company’s consolidated financial statements. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company recognizes interest and penalties incurred as income tax expense. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Stock-Based Compensation </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company follows the accounting guidance for share-based payments, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees, independent contractors and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors. Awards are issued under the Amended and Restated 2013 Omnibus Equity Incentive Plan (“2013 Plan”) and 2013 Employee Stock Purchase Plan (“ESPP”). </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">For awards made to the Company’s employees and directors, the Company initially values restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) based on the grant date closing price of the Company’s common stock. For awards with periodic vesting, the Company recognizes the related expense on a straight-line basis over the requisite service period for the entire award, subject to periodic adjustments to ensure that the cumulative amount of expense recognized through the end of any reporting period is at least equal to the portion of the grant date value of the award that has vested through that date. The Company accounts for forfeitures prospectively as they occur. The Company adopted Accounting Standards Update (“ASU”) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2018-7,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment</div></div> </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Accounting </div></div>awards (“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-7”)</div> on July 1, 2018. Prior to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-7,</div> the Company determined that the fair value of the awards made to independent contractors would be measured based on the fair value of the equity instrument as it is more reliably measurable than the fair value of the consideration received. The Company used the grant date as the performance commencement date, and the measurement date was the date the services were completed, which was the vesting date. As a result, the Company recorded stock-based compensation for these awards over the vesting period on a straight-line basis with periodic adjustments during the vesting period for changes in the fair value of the awards. Subsequent to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-7,</div> awards made to independent contractors on or subsequent to July 1, 2018 are measured based on the grant date closing price of the Company’s common stock consistent with awards made to the Company’s employees and directors. Unvested awards issued to independent contractors as of the adoption date of July 1, 2018 were remeasured at the adoption date stock price. The Company will recognize the remaining unrecognized value of unvested awards over the remaining performance period based on the adoption date stock price, with no further remeasurement through the performance completion date. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If there are any modifications or cancellations of the underlying unvested share-based awards, the Company may be required to accelerate, increase or cancel any remaining unrecognized or previously recorded stock-based compensation expense. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">For shares issued under the ESPP, the Company determined that the plan was a compensatory plan and is required to expense the fair value of the awards over each <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17649685">six</span>-month</div> offering period. The Company estimates the fair value of these awards using the Black-Scholes option pricing model. The Company calculates the expected volatility based on the historical volatility of the Company’s common stock and the risk-free interest rate based on the U.S. Treasury yield curve in effect at the time of grant, both consistent with the term of the offering period. The Company incorporates no forfeiture rate and includes no expected dividend yield as the Company has not, and currently does not intend to pay a regular dividend. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Earnings per Share </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Basic weighted average shares outstanding includes vested, but <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">un-issued,</div> deferred stock units (“DSUs”). The difference between basic and diluted weighted average shares outstanding represents the dilutive impact of common stock equivalents consisting of shares to be issued under the 2013 Plan and ESPP and contingently issuable shares in connection with stock settled consideration for acquired businesses. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Foreign Currency Translation </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company prepares the financial statements of its Canadian subsidiary using the local currency as the functional currency. The assets and liabilities of the Company’s Canadian subsidiary are translated in to U.S. dollars at the rates of exchange at the balance sheet date with the resulting translation adjustments included as a separate component of stockholder’s equity through other comprehensive income (loss) in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income and expenses are translated at the average monthly rates of exchange. The Company includes realized gains and losses from foreign currency transactions in other income (expense), net in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The effect of foreign currency translation on cash and cash equivalents is reflected in cash flows from operating activities on the consolidated statements of cash flows, and is not material for any period presented. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Taxes Collected from Clients and Remitted to Governmental Authorities </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company accounts for tax assessed by any governmental authority that is based on revenue or </div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">transaction value (e.g. sales, use and value added taxes) on a net basis, and, accordingly, such amounts are not included in revenue. Collected amounts are recorded as a current liability until paid. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Concentrations of Credit Risk </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and cash equivalents, investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> security deposits (included under other assets, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current)</div> and commissions receivable, net. Cash and cash equivalents are placed with high-credit quality financial institutions and invested in high-credit quality money market funds and commercial paper. Concentrations of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> are limited by the approved investment policy. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To reduce its credit risk, the Company monitors the credit standing of the financial institutions money market funds that represent amounts recorded as cash and cash equivalents. The Company historically has not experienced any significant losses related to cash and cash equivalents. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company derives its revenues from a broad range of real estate investors, owners, and users in the United States and Canada, none of which individually represents a significant concentration of credit risk. The Company maintains allowances, as needed, for estimated credit losses based on management’s assessment of the likelihood of collection. For the years ended December 31, 2020, 2019 and 2018, no transaction represented 10% or more of total revenues. Further, while one or more transactions may represent 10% or more of commissions receivable at any reporting date, amounts due are typically collected within 10 days of settlement and, therefore, do not expose the Company to significant credit risk. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the year ended December 31, 2020, the Company’s Canadian operations represented less than 2% of total revenues. During the years ended December 31, 2019 and 2018, the Company’s Canadian operations represented less than 1% of total revenues. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the years ended December 31, 2020, 2019 and 2018, no office represented 10% or more of total revenues. </div></div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Business Combinations </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company accounts for business combinations using the acquisition method of accounting, under which the consideration for the acquisition, including the fair value of any contingent and deferred consideration, is allocated to the assets acquired and liabilities assumed. The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair values as determined by management as of the acquisition date. The excess of the consideration over the assets acquired net of liabilities assumed is recognized as goodwill. During the measurement period, which is not to exceed one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded as expense in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with certain acquisitions, the Company enters into agreements to pay additional cash amounts based on the achievement of certain performance measures and/or service and time requirements. Contingent and deferred consideration in connection with the acquisition of a business is measured at fair value on the acquisition date and remeasured at fair value each reporting period thereafter until the consideration is settled in cash or stock, with changes in fair value recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Acquisition-related costs, such as due diligence, legal and accounting fees, are expensed as incurred and not considered in determining the fair value of the acquired assets. Acquisition-related costs are reflected in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Goodwill and Other Intangible Assets </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing which indicate that it is more likely than not an impairment loss has occurred. The initial impairment evaluation of goodwill is a qualitative assessment and is performed to assess whether the fair value of a reporting unit (“RU”) is less than its carrying amount. The Company proceeds to the quantitative impairment test if it is more likely than not that the fair value of the RU is less than its carrying amount. If the Company determines the quantitative impairment test is required, the estimated fair value of the RU is compared to its carrying amount, including goodwill. If the carrying amount exceeds the estimated fair value, an impairment loss is recognized equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill. The Company currently has only one RU, therefore, all goodwill is allocated to that one RU. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company evaluates its finite-lived intangible assets for impairment at least annually, or as events or changes in circumstances indicate the carrying value may not be recoverable. The Company records an impairment loss if impairment triggers exist and the fair value of the asset is less than the asset’s carrying amount. The Company measures recoverability by comparing the carrying amount to the future undiscounted cash flows that the intangible assets are expected to generate. If the carrying value of the intangible assets are not recoverable, the impairment recognized is measured as the amount by which the carrying value exceeds its fair value. The Company’s intangible assets primarily include <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-compete</div> agreements, customer relationships and contracts in progress that resulted from its business combinations. These intangible assets are generally amortized on a straight-line basis using a useful life between <span style="-sec-ix-hidden:hidden17805621">one</span> and seven years. </div><div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Segment Reporting </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company follows U.S. GAAP for segment reporting, which requires reporting information on operating segments in interim and annual financial statements. Substantially all of the Company’s operations involve the delivery of commercial real estate services to its customers including real estate investment sales, financing and consulting and advisory services. Management makes operating decisions, assesses performance and allocates resources based on an ongoing review of these integrated operations, which constitute the Company’s only operating segment for financial reporting purposes. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recent Accounting Pronouncements </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Adopted </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2016-13,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Financial Instruments - Credit Losses </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13”).</div> The new standard requires the use of an expected-loss model for </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">financial assets measured at amortized cost and marketable debt securities, available-for sale, which requires that identified credit losses be presented as an allowance rather than as an impairment write-down. Reversals of credit losses (in situations in which the estimate of credit losses declines) are permitted in the reporting period that the change occurs. Previously, U.S. GAAP prohibited reflecting any reversals of impairment charges. The Company adopted the new standard on January 1, 2020 using the modified-retrospective transition method for assets measured at amortized cost other than marketable debt securities, available-for-sale, which was adopted using a prospective transition approach as required by the new standard. On the adoption date, the Company recorded a cumulative-effect adjustment related to an allowance for credit losses associated with commissions receivable and advances and loans, net of tax in the amount of $33,000 with the offset to retained earnings as of the beginning of the period presented after adoption. The adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> did not have a material impact on the Company’s investment policy and impairment model for marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale.</div></div> The Company elected the practical expedient to exclude accrued interest from both the fair value and the amortized cost basis of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> for the purposes of identifying and measuring an impairment. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In August 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2018-15,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Internal-Use</div> Software (Subtopic <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">350-40)</div> - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15”).</div> ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15</div> aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software (and hosting arrangements that include an internal use software license), by permitting a customer in a cloud computing arrangement that is a service contract to capitalize certain implementation costs as if the arrangement was an <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software project. The Company adopted the new standard effective January 1, 2020, using the prospective method. The adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15</div> did not have a material effect on the Company’s consolidated financial statements. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In December 2019, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2019-12,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12”).</div> ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> is effective for reporting periods beginning after December 15, 2020. For the Company, the new standard will be effective on January 1, 2021. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> simplifies the accounting for income taxes by eliminating certain exceptions including the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities related to outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes such as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">step-up</div> in tax basis for goodwill and interim recognition of enactment of tax laws or rate changes. The Company early adopted this guidance effective January 1, 2020, and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Pending Adoption </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In March 2020, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2020-04,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04”).</div> ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> provides temporary optional exceptions to the guidance in U.S. GAAP on contract modifications to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> is effective for all entities upon issuance and may be applied prospectively to contract modifications through December 31, 2022. The guidance applies to the Company’s Credit Agreement (see Note 16 – “Commitments and Contingencies”), which references LIBOR, and will generally allow it to account for and present a modification as an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. As of December 31, 2020, the Company has not drawn funds from the credit facility. The Company continues to evaluate the impact of this new standard and does not expect ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> to have a material effect on its consolidated financial statements. </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cash and Cash Equivalents </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company considers cash equivalents to include short-term, highly liquid investments with maturities of three months or less when purchased. Portions of the balance of cash and cash equivalents were held in financial institutions, various money market funds with fixed and floating net asset values and short-term commercial paper. Money market funds have floating net asset values and may be subject to gating or liquidity fees. The Company assesses short-term commercial paper for impairment in connection with investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale.</div></div> The likelihood of realizing material losses from cash and cash equivalents, including the excess of cash balances over federally insured limits, is remote. </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Revenue Recognition </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company generates real estate brokerage commissions by acting as a broker for real estate owners or investors seeking to buy or sell commercial properties. The Company generates financing fees from securing financing on purchase transactions, from refinancing its clients’ existing mortgage debt and other ancillary fees associated with financing activities, including, but not limited to, mortgage servicing, debt and equity advisory services, loan sales and other consulting and due diligence services. The Company recognizes mortgage servicing revenues upon the acquisition of a servicing contract. The Company records servicing fees when earned provided the loans are current and the debt service payments are made by the borrowers. Other revenues include fees generated from consulting and advisory services, as well as referral fees from other real estate brokers. The Company’s contracts contain one performance obligation related to its real estate brokerage, financing and consulting and advisory services offered to buyers and sellers of commercial real estate, and provide that it is operating as a principal in all its revenue generating activities. The Company does not have multiple-element arrangements, variable consideration, financing components, significant noncash consideration, licenses, long-term contracts with customers or other items affecting the transaction price. Accordingly, the Company determined that the transaction price is fixed and determinable and collectability is reasonably assured. The Company recognizes revenue in principally all cases at the close of escrow for real estate brokerage, at the close of loan for financing, when services are provided, or upon closing of the transaction for other revenues. </div> </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Capitalization of Internal Software </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Certain costs related to the development or purchase of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software are capitalized. Internal costs that are incurred in the preliminary project stage are expensed as incurred. Direct consulting costs and certain payroll and related costs that are incurred during the development stage of a project are capitalized and depreciated using the straight-line method over a useful life of five years. Capitalized costs are recorded in property and equipment, net, and depreciation is recorded in depreciation and amortization in the consolidated financial statements. Depreciation begins for software that has been placed into production and is ready for its intended use. Post-implementation costs such as training, maintenance and support are expensed as incurred. The Company evaluates the carrying value of capitalized software for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. </div>
P5Y
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Commissions Receivable, Net </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commissions receivable, net consists of commissions earned on brokerage and financing transactions for which payment has not yet been received. The Company evaluates the need for an allowance for credit losses</div></div>based on consideration of historical experience, current conditions and forecasts of future economic conditions. The majority of commissions receivable are settled within 10 days after the close of escrow.
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Advances and Loans, Net </div></div></div></div></div> <div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances and loans, net includes amounts advanced and loans due from the Company’s investment sales and financing professionals. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In order to attract and retain highly skilled professionals, from time to time, the Company advances funds to its investment sales and financing professionals. The advances are typically in the form of forgivable loans that have terms that are generally between <span style="-sec-ix-hidden:hidden18323768">five</span> and ten years. <div style="letter-spacing: 0px; top: 0px;;display:inline;">The principal amount of a forgivable loan and accrued interest are forgiven over the term of the loan, so long as the investment sales and financing professionals continue to be a service provider with the Company, and/or upon achieving contractual performance criteria. Amounts forgiven are charged to selling, general and administrative expense at the time the amounts are forgiven. If the investment sales and financing professional’s relationship with the Company is terminated before the amount advanced is forgiven, the unforgiven amount becomes due and payable. The Company evaluates the need for an allowance for credit losses based on amounts advanced, expected forgiveness, consideration of historical experience, current conditions and forecasts of future economic conditions. Estimated credit losses, net of any reversals, are charged to credit loss expense included in selling, general and administrative expense. Amounts are generally written off when amounts are determined to be no longer collectable. Accrued interest, when applicable, has historically been immaterial.</div> </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company, from time to time, enters into various agreements with certain of its investment sales and financing professionals whereby these individuals receive loans.<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="letter-spacing: 0px; top: 0px;;display:inline;">The notes receivable, along </div> with stated interest, are typically collected from future commissions or repaid based on the terms stipulated in the respective agreements that are generally between <span style="-sec-ix-hidden:hidden18323772">one</span> and seven years. The Company evaluates the need for an allowance for credit losses for the loans based on historical experience, current conditions and reasonable forecasts of future economic conditions. Estimated credit losses, net of any reversals, are charged to credit loss expense included in selling, general and administrative expense. Amounts are generally written off when amounts are determined to be no longer collectable. </div></div>
P10Y
P7Y
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Cost of Services </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Cost of services principally consists of variable commissions, compensation-related costs related to the Company’s financing activities, and other costs for the Company’s investment sales and financing professionals related to transactions closed in the period. Commissions are accrued based on revenue from transactions generated by the Company’s investment sales and financing professionals. Investment sales and financing professionals are compensated at commission rates based on individual agreements, and a portion of the commissions due upon the closing of a transaction may be deferred in accordance with their contracts. Some of our most senior investment sales and financing professionals also have the ability to earn additional commissions after meeting certain annual financial thresholds. These additional commissions are recognized as cost of services in the period in which they are earned. Payment of a portion of these additional commissions are generally deferred for a period of one to three years, at our election, and paid at the beginning of the second and fourth calendar year. These deferred commissions are included in deferred compensation and commissions (current and non-current) captions in the accompanying consolidated balance sheets. Cost of services also includes referral fees paid to other real estate brokers where we are the principal service provider. </div> </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Investments in Marketable Debt Securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Available-for-Sale</div></div> </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company maintains a portfolio of investments in a variety of fixed and variable rate debt securities, </div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">including U.S. treasuries, U.S. government sponsored entities, corporate debt, asset-backed securities (“ABS”) and other. The Company considers its investments in marketable debt securities to be <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> and accordingly, are recorded at their fair values. The Company determines the appropriate classification of investments in marketable debt securities at the time of purchase. Interest along with amortization of purchase premiums and accretion of discounts from the purchase date through the estimated maturity date, including consideration of variable maturities and contractual call provisions, are included in other income (expense), net in the consolidated statements of net and comprehensive income. The Company typically invests in highly-rated debt securities, and its investment policy generally limits the amount of credit exposure to any one issuer. The policy requires substantially all investments to be investment grade, with the primary objective of minimizing the potential risk of principal loss and matching long-term liabilities. See Note 5 – “Investments in Marketable Debt Securities” for additional information. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company reviews quarterly its investment portfolio of all securities in an unrealized loss position to determine if an impairment charge or credit reserve is required. The Company excludes accrued interest from both the fair value and the amortized cost basis of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> for the purposes of identifying and measuring an impairment. An investment is impaired if the fair value is less than its amortized cost basis. Impairment relating to credit losses is recorded through a reduction in the amortized cost of the security or an allowance for credit losses and credit loss expense (included in selling, general and administrative expense), limited by the amount that the fair value is less than the amortized cost basis. Impairment that has not been recorded as a credit loss is recorded through other comprehensive income (loss), net of applicable taxes. The Company made an accounting policy election to not measure an allowance for credit losses for accrued interest receivables. The Company evaluates <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">write-off</div> of accrued interest receivable by the major security-type level at the time credit loss exists for the underlying security. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Determining whether a credit loss exists requires a high degree of judgment and the Company considers both qualitative and quantitative factors in making its determination. The Company evaluates its intent to sell, or whether the Company will more likely than not be required to sell, the security before recovery of its amortized cost basis. For all securities in an unrealized loss position, the Company evaluates, among other items, the extent and length of time the fair market value of a security is less than its amortized cost, time to maturity, duration, seniority, the financial condition of the issuer including credit ratings, any changes thereto and relative default rates, leverage ratios, availability of liquidity to make principle and interest payments, performance indicators of the underlying assets, analyst reports and recommendations, and changes in base and market interest rates. If the qualitative and quantitative analysis is sufficient to conclude that an impairment related to credit losses does not exist, the Company typically does not perform further quantitative analysis to estimate the present value of cash flows expected to be collected from the debt security. Estimates of expected future cash flows are the Company’s best estimate based on past events, current conditions and reasonable and supportable economic forecasts. </div></div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Assets Held in Rabbi Trust </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company maintains a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-qualified</div> deferred compensation program for certain employees. Deferred amounts are invested in variable whole life insurance policies owned by the Company supporting the deferred obligation and are held in a rabbi trust. Participants elect to invest in various hypothetical equity and debt securities offered within the plan on a notional basis. The net change in the carrying value of the underlying assets held in the rabbi trust is recorded in other income (expense), net. The change in the deferred compensation liability as a result of the change in the notional value of the participants accounts is recorded as a component of selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Fair Value Measurements </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. GAAP defines the fair value of a financial instrument as the amount that would be received from the </div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">sale of an asset in an orderly transaction between market participants at the measurement date. The Company is responsible for the determination of fair value and the supporting methodologies and assumptions. The Company uses various pricing sources and third parties to provide and validate the values utilized. </div></div><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The degree of judgment used in measuring the fair value of financial instruments is generally inversely correlated with the level of observable valuation inputs. Financial instruments with quoted prices in active markets generally have more pricing observability and less judgment is used in measuring fair value. Financial instruments for which no quoted prices are available have less observability and are measured at fair value using valuation models or other pricing techniques that require more judgment. </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets recorded at fair value are measured and classified in accordance with a fair value hierarchy consisting of the three “levels” based on the observability of inputs available in the marketplace used to measure the fair values as discussed below: </div></div> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Level</div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> 1:</div></div> Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Level</div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> 2:</div></div> Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; or </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Level</div></div><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"> 3:</div></div> Unobservable inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. Management estimates include certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Recurring Fair Value Measurements </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company values its investments including commercial paper and floating NAV money market funds recorded in cash and cash equivalents, investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> assets held in the rabbi trust, deferred compensation liability and contingent and deferred consideration at fair value on a recurring basis. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Fair values for investments included in cash and cash equivalents and marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> were determined for each individual security in the investment portfolio and all these securities are Level 1 or 2 measurements as appropriate. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair values for assets held in the rabbi trust and related deferred compensation liability were determined based on the cash surrender value of the company owned variable life insurance policies and underlying investments in the trust, and are Level 2 and Level 1 measurements, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Contingent consideration in connection with acquisitions, is carried at fair value and determined on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">contract-by-contract</div></div> basis, calculated using unobservable inputs based on a probability of achieving EBITDA and other performance requirements (refer to Note 10 – “Fair Value Measurements”), and is a Level 3 measurement. Deferred consideration in connection with acquisitions is carried at fair value and calculated using a discounted cash flow estimate with the only remaining condition on such payments being the passage of time, and is a Level 2 measurement. </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Nonrecurring Fair Value Measurements </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">In accordance with U.S. GAAP, from time to time, the Company measures certain assets at fair value on a nonrecurring basis. The Company reviews the carrying value of mortgage servicing rights (“MSRs”), intangibles, </div> </div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">goodwill and other assets for indications of impairment at least annually. When indications of potential impairment are identified, the Company may be required to determine the fair value of those assets and record an adjustment for the carrying amount in excess of the fair value determined. Any fair value determination would be based on valuation approaches, which are appropriate under the circumstances and utilize Level 2 and Level 3 measurements as required.</div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Assets and Liabilities not Measured at Fair Value </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company’s commissions receivable, amounts due from employees and investment sales and financing professionals (included in the other assets, net current and other assets <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions), accounts payable and other liabilities and commissions payable (included in deferred compensation and commissions current and deferred compensation and commissions <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions) are carried at cost, which approximates fair value based on their immediate or short-term maturities and terms which approximate current market rates. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company’s obligations under stock appreciation rights (“SARs”) liability (included in the deferred compensation and commissions current and deferred compensation and commissions <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions) bear interest at a variable rate based on U.S. Treasuries, and the Company has determined that the carrying value approximates their fair value. </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Property and Equipment, Net </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment are stated at cost less accumulated depreciation and amortization. The Company uses the straight-line method for depreciation and amortization. Depreciation and amortization are generally provided over estimated useful lives ranging from <span style="-sec-ix-hidden:hidden17805593">three</span> to seven years. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates its fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. </div></div>
straight-line
P7Y
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Other Assets </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other assets consist primarily of MSRs, security deposits made in connection with operating leases, customer trust accounts, employee notes receivable and other assets and receivables. In connection with a brokerage transaction, the Company may need to, or be required to, hold cash in escrow for a transaction participant. These amounts are deposited into separate customer trust accounts controlled by the Company. The amounts are included in current other assets, net, with a corresponding liability included in accounts payable and other liabilities, both in the consolidated balance sheets.</div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">MSRs are recorded at fair value upon acquisition of a servicing contract. The Company has elected the amortization method for the subsequent measurement of MSRs. MSRs are carried at the lower of amortized cost or fair value. All MSRs are amortized using the interest method over the period that servicing income is expected to be received. MSRs are included in other assets <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> in the accompanying consolidated balance sheets. See Note 7 – “Selected Balance Sheet Data” for additional information. Amortization related to the MSRs is included in depreciation and amortization expense in the accompanying consolidated statements of net and comprehensive income. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company measures MSRs at fair value on a nonrecurring basis. MSRs are a Level 3 measurement. The Company’s MSRs do not trade in an active, open market with readily observable prices. The estimated fair value of the Company’s MSRs were developed using a discounted cash flow model that calculates the present value of estimated future net servicing income. The model considers contractual provisions and assumptions of market </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">participants including specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. The Company periodically reassesses and adjusts, when necessary, the underlying inputs and assumptions used in the model to reflect observable market conditions and assumptions that a market participant would consider in valuing an MSR asset. </div></div></div><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with MSR activities, the Company holds funds in escrow for the benefit of the lenders. These funds and the offsetting obligations are not presented in the Company’s consolidated financial statements as they do not represent assets and liabilities of the Company. </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Leases </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company utilizes operating leases for all its facilities and autos. The Company determines if an arrangement is a lease at inception. <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Right-of-use</div></div> assets (“ROU assets”) represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s contractual obligation to make lease payments under the lease. Operating leases are included in operating lease ROU assets, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current,</div> and operating lease liabilities current and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> captions in the consolidated balance sheets. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term. Lease agreements may contain periods of free rent or reduced rent, predetermined fixed increases in the minimum rent and renewal or termination options, all of which add complexity and impact the determination of the lease term and lease payments to be used in calculating the lease liability. Certain facility leases provide for rental escalations related to increases in the lessors’ direct operating expenses. The Company uses the implicit rate in the lease when determinable. As most of the Company’s leases do not have a determinable implicit rate, determining the rate to be used in its calculations is judgmental. The Company uses a derived incremental borrowing rate based on borrowing options under its credit agreement and applies a spread over treasury rates for the indicated term of the lease based on the information available on the commencement date of the lease. The Company typically leases general purpose <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">built-out</div> office space, which reverts to the lessor upon termination of the lease. Any payments for completed improvements, determined to be owed by the lessor, net of incentives received, are recorded as an increase to the ROU asset and considered in the determination of the lease cost. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company has lease agreements with lease and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-lease</div> components, which are accounted for as a single lease component. Lease cost is recognized on a straight-line basis over the lease term. Variable lease payments consist of common area costs, insurance, taxes, utilities, parking and other lease related costs, which are determined principally based on billings from landlords. </div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Litigation </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to various legal proceedings and claims that arise in the ordinary course of business, some of which involve claims for damages that are substantial in amount. Most of these litigation matters are covered by insurance, which contain deductibles, exclusions, claim limits and aggregate policy limits. While the ultimate liability for these legal proceedings cannot be determined, the Company uses judgment in the evaluation of claims and the need for accrual for loss contingencies quarterly. The Company records an accrual for litigation related losses where the likelihood of loss is both probable and estimable. The Company accrues legal fees for litigation as the legal services are provided. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Advertising Costs </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advertising costs are expensed as incurred. Advertising costs are included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. </div></div>Advertising costs for the years ended December 31, 2020, 2019 and 2018 were $586,000, $889,000 and $1.1 million, respectively.
586000
889000
1100000
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Income Taxes </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company accounts for income taxes under the asset and liability method. The Company recognizes deferred tax assets and liabilities for the future tax consequences attributable to (i) differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis, and (ii) operating losses and tax credit carryforwards. The Company measures existing deferred tax assets and liabilities using enacted tax rates expected to apply to taxable income in the years in which the Company expects to have temporary differences realized or settled. The Company recognizes in the provision for income taxes, the effect on deferred tax assets and liabilities of a change in tax rates in the period that includes the enactment date. The Company periodically evaluates deferred tax assets to assess whether it is likely that the deferred tax assets will be realized. In determining whether a valuation allowance is required, the Company considers the timing of deferred tax reversals, current year taxable income and historical performance. Valuation allowances are provided against deferred tax assets when it is <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">more-likely-than-not</div> that some portion or all of the deferred tax asset will not be realized. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Because of the nature of the Company’s business, which includes activity in the U.S. and Canada, incorporating numerous states and provinces as well as local jurisdictions, the Company’s tax position can be complex. As such, the Company’s effective tax rate is subject to changes as a result of fluctuations in the mix of its activity in the various jurisdictions in which the Company operates including changes in tax rates, state apportionment, tax related interest and penalties, valuation allowances and other permanent items. Calculating some of the amounts involves a high degree of judgment. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company evaluates its tax positions quarterly. The threshold for recognizing the benefits of tax return positions in the financial statements is “more likely than not” to be sustained by the taxing authority and requires measurement of a tax position meeting the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">more-likely-than-not</div> criterion, based on the largest benefit that is more than 50% likely to be realized. The Company assesses its inventory of tax positions with respect to all applicable income tax issues for all open tax years (in each respective jurisdiction) and determines whether uncertain tax positions are required to be recognized in the Company’s consolidated financial statements. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company recognizes interest and penalties incurred as income tax expense. </div></div>
0.50
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Stock-Based Compensation </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company follows the accounting guidance for share-based payments, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees, independent contractors and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors. Awards are issued under the Amended and Restated 2013 Omnibus Equity Incentive Plan (“2013 Plan”) and 2013 Employee Stock Purchase Plan (“ESPP”). </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">For awards made to the Company’s employees and directors, the Company initially values restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) based on the grant date closing price of the Company’s common stock. For awards with periodic vesting, the Company recognizes the related expense on a straight-line basis over the requisite service period for the entire award, subject to periodic adjustments to ensure that the cumulative amount of expense recognized through the end of any reporting period is at least equal to the portion of the grant date value of the award that has vested through that date. The Company accounts for forfeitures prospectively as they occur. The Company adopted Accounting Standards Update (“ASU”) <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2018-7,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment</div></div> </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Accounting </div></div>awards (“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-7”)</div> on July 1, 2018. Prior to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-7,</div> the Company determined that the fair value of the awards made to independent contractors would be measured based on the fair value of the equity instrument as it is more reliably measurable than the fair value of the consideration received. The Company used the grant date as the performance commencement date, and the measurement date was the date the services were completed, which was the vesting date. As a result, the Company recorded stock-based compensation for these awards over the vesting period on a straight-line basis with periodic adjustments during the vesting period for changes in the fair value of the awards. Subsequent to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-7,</div> awards made to independent contractors on or subsequent to July 1, 2018 are measured based on the grant date closing price of the Company’s common stock consistent with awards made to the Company’s employees and directors. Unvested awards issued to independent contractors as of the adoption date of July 1, 2018 were remeasured at the adoption date stock price. The Company will recognize the remaining unrecognized value of unvested awards over the remaining performance period based on the adoption date stock price, with no further remeasurement through the performance completion date. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">If there are any modifications or cancellations of the underlying unvested share-based awards, the Company may be required to accelerate, increase or cancel any remaining unrecognized or previously recorded stock-based compensation expense. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">For shares issued under the ESPP, the Company determined that the plan was a compensatory plan and is required to expense the fair value of the awards over each <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17649685">six</span>-month</div> offering period. The Company estimates the fair value of these awards using the Black-Scholes option pricing model. The Company calculates the expected volatility based on the historical volatility of the Company’s common stock and the risk-free interest rate based on the U.S. Treasury yield curve in effect at the time of grant, both consistent with the term of the offering period. The Company incorporates no forfeiture rate and includes no expected dividend yield as the Company has not, and currently does not intend to pay a regular dividend. </div>
0
0
0
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Earnings per Share </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Basic weighted average shares outstanding includes vested, but <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">un-issued,</div> deferred stock units (“DSUs”). The difference between basic and diluted weighted average shares outstanding represents the dilutive impact of common stock equivalents consisting of shares to be issued under the 2013 Plan and ESPP and contingently issuable shares in connection with stock settled consideration for acquired businesses. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Foreign Currency Translation </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company prepares the financial statements of its Canadian subsidiary using the local currency as the functional currency. The assets and liabilities of the Company’s Canadian subsidiary are translated in to U.S. dollars at the rates of exchange at the balance sheet date with the resulting translation adjustments included as a separate component of stockholder’s equity through other comprehensive income (loss) in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income and expenses are translated at the average monthly rates of exchange. The Company includes realized gains and losses from foreign currency transactions in other income (expense), net in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The effect of foreign currency translation on cash and cash equivalents is reflected in cash flows from operating activities on the consolidated statements of cash flows, and is not material for any period presented. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Taxes Collected from Clients and Remitted to Governmental Authorities </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company accounts for tax assessed by any governmental authority that is based on revenue or </div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">transaction value (e.g. sales, use and value added taxes) on a net basis, and, accordingly, such amounts are not included in revenue. Collected amounts are recorded as a current liability until paid. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Use of Estimates </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Concentrations of Credit Risk </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Financial instruments that potentially subject the Company to a concentration of credit risk principally consist of cash and cash equivalents, investments in marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> security deposits (included under other assets, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current)</div> and commissions receivable, net. Cash and cash equivalents are placed with high-credit quality financial institutions and invested in high-credit quality money market funds and commercial paper. Concentrations of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> are limited by the approved investment policy. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">To reduce its credit risk, the Company monitors the credit standing of the financial institutions money market funds that represent amounts recorded as cash and cash equivalents. The Company historically has not experienced any significant losses related to cash and cash equivalents. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company derives its revenues from a broad range of real estate investors, owners, and users in the United States and Canada, none of which individually represents a significant concentration of credit risk. The Company maintains allowances, as needed, for estimated credit losses based on management’s assessment of the likelihood of collection. For the years ended December 31, 2020, 2019 and 2018, no transaction represented 10% or more of total revenues. Further, while one or more transactions may represent 10% or more of commissions receivable at any reporting date, amounts due are typically collected within 10 days of settlement and, therefore, do not expose the Company to significant credit risk. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the year ended December 31, 2020, the Company’s Canadian operations represented less than 2% of total revenues. During the years ended December 31, 2019 and 2018, the Company’s Canadian operations represented less than 1% of total revenues. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the years ended December 31, 2020, 2019 and 2018, no office represented 10% or more of total revenues. </div></div>
0
0
0
0.10
0.10
0.10
0.10
0.10
0.10
P10D
0.02
0.01
0.01
0
0
0
0.10
0.10
0.10
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Business Combinations </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company accounts for business combinations using the acquisition method of accounting, under which the consideration for the acquisition, including the fair value of any contingent and deferred consideration, is allocated to the assets acquired and liabilities assumed. The Company recognizes identifiable assets acquired and liabilities assumed at their acquisition date fair values as determined by management as of the acquisition date. The excess of the consideration over the assets acquired net of liabilities assumed is recognized as goodwill. During the measurement period, which is not to exceed one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed, with the corresponding offset to goodwill. Upon the conclusion of the measurement period, any subsequent adjustments are recorded as expense in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with certain acquisitions, the Company enters into agreements to pay additional cash amounts based on the achievement of certain performance measures and/or service and time requirements. Contingent and deferred consideration in connection with the acquisition of a business is measured at fair value on the acquisition date and remeasured at fair value each reporting period thereafter until the consideration is settled in cash or stock, with changes in fair value recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Acquisition-related costs, such as due diligence, legal and accounting fees, are expensed as incurred and not considered in determining the fair value of the acquired assets. Acquisition-related costs are reflected in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Goodwill and Other Intangible Assets </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing which indicate that it is more likely than not an impairment loss has occurred. The initial impairment evaluation of goodwill is a qualitative assessment and is performed to assess whether the fair value of a reporting unit (“RU”) is less than its carrying amount. The Company proceeds to the quantitative impairment test if it is more likely than not that the fair value of the RU is less than its carrying amount. If the Company determines the quantitative impairment test is required, the estimated fair value of the RU is compared to its carrying amount, including goodwill. If the carrying amount exceeds the estimated fair value, an impairment loss is recognized equal to that excess. The loss recognized cannot exceed the carrying amount of goodwill. The Company currently has only one RU, therefore, all goodwill is allocated to that one RU. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company evaluates its finite-lived intangible assets for impairment at least annually, or as events or changes in circumstances indicate the carrying value may not be recoverable. The Company records an impairment loss if impairment triggers exist and the fair value of the asset is less than the asset’s carrying amount. The Company measures recoverability by comparing the carrying amount to the future undiscounted cash flows that the intangible assets are expected to generate. If the carrying value of the intangible assets are not recoverable, the impairment recognized is measured as the amount by which the carrying value exceeds its fair value. The Company’s intangible assets primarily include <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-compete</div> agreements, customer relationships and contracts in progress that resulted from its business combinations. These intangible assets are generally amortized on a straight-line basis using a useful life between <span style="-sec-ix-hidden:hidden17805621">one</span> and seven years. </div>
1
straight-line
P7Y
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Segment Reporting </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company follows U.S. GAAP for segment reporting, which requires reporting information on operating segments in interim and annual financial statements. Substantially all of the Company’s operations involve the delivery of commercial real estate services to its customers including real estate investment sales, financing and consulting and advisory services. Management makes operating decisions, assesses performance and allocates resources based on an ongoing review of these integrated operations, which constitute the Company’s only operating segment for financial reporting purposes. </div></div>
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recent Accounting Pronouncements </div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Adopted </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2016-13,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Financial Instruments - Credit Losses </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13”).</div> The new standard requires the use of an expected-loss model for </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">financial assets measured at amortized cost and marketable debt securities, available-for sale, which requires that identified credit losses be presented as an allowance rather than as an impairment write-down. Reversals of credit losses (in situations in which the estimate of credit losses declines) are permitted in the reporting period that the change occurs. Previously, U.S. GAAP prohibited reflecting any reversals of impairment charges. The Company adopted the new standard on January 1, 2020 using the modified-retrospective transition method for assets measured at amortized cost other than marketable debt securities, available-for-sale, which was adopted using a prospective transition approach as required by the new standard. On the adoption date, the Company recorded a cumulative-effect adjustment related to an allowance for credit losses associated with commissions receivable and advances and loans, net of tax in the amount of $33,000 with the offset to retained earnings as of the beginning of the period presented after adoption. The adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13</div> did not have a material impact on the Company’s investment policy and impairment model for marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale.</div></div> The Company elected the practical expedient to exclude accrued interest from both the fair value and the amortized cost basis of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> for the purposes of identifying and measuring an impairment. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In August 2018, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2018-15,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Internal-Use</div> Software (Subtopic <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">350-40)</div> - Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15”).</div> ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15</div> aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software (and hosting arrangements that include an internal use software license), by permitting a customer in a cloud computing arrangement that is a service contract to capitalize certain implementation costs as if the arrangement was an <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">internal-use</div> software project. The Company adopted the new standard effective January 1, 2020, using the prospective method. The adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2018-15</div> did not have a material effect on the Company’s consolidated financial statements. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">In December 2019, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2019-12,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12”).</div> ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> is effective for reporting periods beginning after December 15, 2020. For the Company, the new standard will be effective on January 1, 2021. ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2019-12</div> simplifies the accounting for income taxes by eliminating certain exceptions including the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities related to outside basis differences. It also clarifies and simplifies other aspects of the accounting for income taxes such as <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">step-up</div> in tax basis for goodwill and interim recognition of enactment of tax laws or rate changes. The Company early adopted this guidance effective January 1, 2020, and the adoption of this standard did not have a material impact on the Company’s consolidated financial statements. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Pending Adoption </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In March 2020, the FASB issued ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2020-04,</div> <div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting </div></div>(“ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04”).</div> ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> provides temporary optional exceptions to the guidance in U.S. GAAP on contract modifications to ease the financial reporting burdens related to the expected market transition from the London Interbank Offered Rate (LIBOR) and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate (“SOFR”). ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> is effective for all entities upon issuance and may be applied prospectively to contract modifications through December 31, 2022. The guidance applies to the Company’s Credit Agreement (see Note 16 – “Commitments and Contingencies”), which references LIBOR, and will generally allow it to account for and present a modification as an event that does not require contract remeasurement at the modification date or reassessment of a previous accounting determination. As of December 31, 2020, the Company has not drawn funds from the credit facility. The Company continues to evaluate the impact of this new standard and does not expect ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2020-04</div> to have a material effect on its consolidated financial statements. </div>
-33000
0
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">3.</div></div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property and Equipment, Net </div></div></div> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment, net consisted of the following (in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Computer software and hardware equipment</div></div> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,955</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">25,252</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Furniture, fixtures and equipment</div></div> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,418</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,468</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less: accumulated depreciation and amortization</div></div> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(30,937</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(26,077</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">23,436</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,643</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">During the years ended December 31, 2020 and 2019, the Company <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">wrote-off</div> approximately $1.3 million and $5.0 million, respectively, of fully depreciated computer software and hardware equipment and furniture, fixtures and equipment. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2020 and 2019, property and equipment additions incurred but not yet paid included in accounts payable and other liabilities were $154,000 and $619,000, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Company evaluates its fixed assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. As of December 31, 2020, the Company considered the impact of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic and evaluated its property and equipment for potential indicators of impairment. The Company concluded that as of December 31, 2020, there <div style="letter-spacing: 0px; top: 0px;;display:inline;">were</div> no indicators of impairment of its property and equipment. </div>
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Property and equipment, net consisted of the following (in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Computer software and hardware equipment</div></div> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,955</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">25,252</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Furniture, fixtures and equipment</div></div> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,418</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,468</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less: accumulated depreciation and amortization</div></div> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(30,937</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(26,077</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">23,436</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,643</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table>
30955000
25252000
23418000
23468000
30937000
26077000
23436000
22643000
1300000
5000000.0
154000
619000
0
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">4.</div></div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating Leases </div></div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has operating leases for all of its facilities and autos. As of December 31, 2020 and 2019, operating lease ROU assets were $126.9 million and $111.1 million, <div style="letter-spacing: 0px; top: 0px;;display:inline;">respectively, and</div> the related accumulated amortization was $42.9 million and $20.6 million, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 74%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="vertical-align: bottom; width: 5%;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended<br/> December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease cost:</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Lease cost <div style=";display:inline;vertical-align: super;;font-size:9.2px">(1)</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">25,508</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,372</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable lease cost <div style=";display:inline;vertical-align: super;;font-size:9.2px">(2)</div></div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,438</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,305</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sublease income</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(246</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(305</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 74%;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 74%;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,700</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">29,372</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 74%;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Includes short-term lease cost and ROU asset amortization. </div></div> </td> </tr> </table>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></td>
<td style="vertical-align: top; font-size: 10pt;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Primarily relates to common area maintenance, property taxes, insurance, utilities and parking. </div></div></div> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maturities of lease liabilities by year consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 80%;"/>
<td style="width: 12%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,<br/> 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">17,609</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2023</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,804</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2024</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">11,575</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2025</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">9,363</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Thereafter</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">9,202</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total future minimum lease payments</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">84,523</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less imputed interest</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(5,925</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Present value of operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">78,598</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 74%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended<br/> December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating cash flow information:</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash paid for amounts included in the measurement of operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">21,131</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">20,266</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Noncash activity:</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ROU assets obtained in exchange for operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,293</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">21,548</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tenant improvements owned by lessor related to ROU assets<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">971</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,952</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> </table> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"> </div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></td>
<td style="vertical-align: top; font-size: 10pt;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassification from other assets current. </div></div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other information related to the operating leases consisted of the following: </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 8pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 69%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average remaining operating lease term</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4.70 years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5.04<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average discount rate</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.1</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.8</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr> </table>
126900000
111100000
42900000
20600000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The operating lease cost, included in selling, general and administrative expense in the consolidated statement of net and comprehensive income, consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 74%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="vertical-align: bottom; width: 5%;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended<br/> December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease cost:</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;">Lease cost <div style=";display:inline;vertical-align: super;;font-size:9.2px">(1)</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">25,508</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,372</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Variable lease cost <div style=";display:inline;vertical-align: super;;font-size:9.2px">(2)</div></div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,438</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,305</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Sublease income</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(246</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(305</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 74%;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 74%;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,700</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">29,372</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 74%;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Includes short-term lease cost and ROU asset amortization. </div></div> </td> </tr> </table>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></td>
<td style="vertical-align: top; font-size: 10pt;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Primarily relates to common area maintenance, property taxes, insurance, utilities and parking. </div></div></div> </td> </tr> </table>
25508000
24372000
5438000
5305000
246000
305000
30700000
29372000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Maturities of lease liabilities by year consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 80%;"/>
<td style="width: 12%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,<br/> 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">17,609</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2023</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,804</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2024</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">11,575</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2025</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">9,363</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Thereafter</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">9,202</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total future minimum lease payments</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">84,523</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Less imputed interest</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(5,925</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Present value of operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">78,598</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table>
22970000
17609000
13804000
11575000
9363000
9202000
84523000
5925000
78598000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Supplemental cash flow information and noncash activity related to the operating leases consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 74%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended<br/> December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating cash flow information:</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash paid for amounts included in the measurement of operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">21,131</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">20,266</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Noncash activity:</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ROU assets obtained in exchange for operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,293</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">21,548</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 74%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Tenant improvements owned by lessor related to ROU assets<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">971</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 5%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,952</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr> </table> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"> </div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></td>
<td style="vertical-align: top; font-size: 10pt;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reclassification from other assets current. </div></div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="clear: both; max-height: 0px; background: none;"/>
21131000
20266000
16293000
21548000
971000
5952000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other information related to the operating leases consisted of the following: </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 8pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 69%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average remaining operating lease term</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4.70 years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5.04<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average discount rate</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.1</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.8</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr> </table>
P4Y8M12D
P5Y14D
0.031
0.038
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">5.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Investments in Marketable Debt Securities </div></div></div></td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Amortized cost, allowance for credit losses, gross unrealized gains/losses in accumulated other comprehensive income/loss and fair value of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> by type of security consisted of the following (in thousands): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 55%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">for Credit</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Short-term investments:</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,887</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">88</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,439</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,447</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,822</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">20</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,841</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,148</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">116</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(6</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Long-term investments:</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,375</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">266</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,114</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">38</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,152</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">34,183</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,137</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(33</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">36,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,509</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">195</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(11</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,693</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">45,181</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,636</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(44</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">47,773</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 64%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="14" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unrealized</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gains</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unrealized</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Short-term investments:</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,389</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">196</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">26,128</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">44</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">150,517</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">240</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">150,752</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Long-term investments:</div></div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(255, 255, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">24,188</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">235</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">1,353</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">3</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">1,355</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(255, 255, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">25,447</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">1,027</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">(3</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">26,471</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">8,480</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">93</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">(13</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">8,560</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">59,468</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">1,358</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">(17</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">60,809</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">The Company’s investments in <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> debt securities that have been in a continuous unrealized loss position, for which an allowance for credit losses has not been recorded, by type of security consisted of the following (in thousands): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 48%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 12 months</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12 months or greater</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">41,702</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">41,702</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">29,810</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(34</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">29,810</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(34</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">546</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(6</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">157</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">703</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(11</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">72,058</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(45</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">157</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">72,215</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(50</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 48%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="22" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 12 months</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12 months or greater</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">39,823</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$ </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">39,823</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; text-align: right;">6,029</td>
<td style="vertical-align: bottom; white-space: nowrap;"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,029</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; text-align: right;">1,971</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(13</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,971</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(13</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">47,823</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(21</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">48,389</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(22</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Gross realized gains and losses from the sales of the Company’s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> debt securities consisted of the following (in thousands): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 8pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 70%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 69%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross realized gains<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">241</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">134</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">12</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 69%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 69%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross realized losses <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(49</td>
<td style="vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(47</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(2</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 69%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recorded in other income (expense), net in the consolidated statements of net and comprehensive income. The cost basis of securities sold were determined based on the specific identification method. </div></div></td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company invests its excess cash in a diversified portfolio of fixed and variable rate debt securities to meet current and future cash flow needs. All investments are made in accordance with the Company’s approved investment policy. As of December 31, 2020, the portfolio had an average credit rating of AA and weighted term to final maturity of 1.6 years, with 29 securities in the portfolio with an unrealized loss aggregating $50,000, or 0.1% of amortized cost, and a weighted average credit rating of AA+. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2020, the Company performed an impairment analysis and determined an allowance for credit losses was not required. The Company determined that it did not have an intent to sell and it was not more likely than not that the Company would be required to sell any security based on its current liquidity position, or to maintain compliance with its investment policy, specifically as it relates to minimum credit ratings. The Company evaluated the securities with an unrealized loss considering severity of loss, credit ratings, specific credit events during the period since acquisition, overall likelihood of default, market sector, potential impact </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">from the current economic situation and a review of an issuer’s and securities liquidity and financial strength, as needed. The Company concluded that it would receive all scheduled interest and principle payments. The Company, therefore, determined qualitatively that the unrealized loss was related to changes in interest rates and other market factors and therefore no allowance for credit losses was required. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Amortized cost and fair value of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> by contractual maturity consisted of the following (in thousands, except weighted average data): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 52%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due in one year or less</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,148</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">150,517</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">150,752</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due after one year through five years</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30,604</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,041</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">41,123</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">41,794</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due after five years through ten years</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">10,022</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">11,044</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,813</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,467</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due after ten years</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,555</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,688</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,532</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,548</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">203,329</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">206,031</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">209,985</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">211,561</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average contractual maturity</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.6 years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.7 years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Actual maturities may differ from contractual maturities because certain issuers may have the right or obligation to prepay certain obligations with or without prepayment penalties.</div> </div></div>
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Amortized cost, allowance for credit losses, gross unrealized gains/losses in accumulated other comprehensive income/loss and fair value of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> by type of security consisted of the following (in thousands): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 55%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="18" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Allowance</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">for Credit</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unrealized<br/> Gains</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Short-term investments:</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,887</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">88</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,439</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,447</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,822</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">20</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,841</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,148</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">116</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(6</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Long-term investments:</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,375</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">266</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,114</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">38</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,152</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">34,183</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,137</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(33</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">36,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,509</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">195</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(11</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,693</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">45,181</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,636</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(44</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">47,773</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 64%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="14" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unrealized</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gains</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unrealized</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Short-term investments:</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,389</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">196</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">26,128</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">44</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">150,517</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">240</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">150,752</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Long-term investments:</div></div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(255, 255, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">24,188</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">235</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">1,353</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">3</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">1,355</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(255, 255, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">25,447</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">1,027</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">(3</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">26,471</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 64%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 0%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">8,480</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">93</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">(13</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);;text-align:right;">8,560</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(204, 238, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: "Times New Roman"; font-size: 10pt; break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">59,468</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">1,358</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">(17</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);">) </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);">$</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);;text-align:right;">60,809</td>
<td style="vertical-align: bottom; white-space: nowrap; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 64%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="background-color: rgb(255, 255, 255);"> </td></tr></table>
75887000
0
88000
5000
75970000
32439000
0
8000
0
32447000
49822000
0
20000
1000
49841000
158148000
0
116000
6000
158258000
3375000
0
266000
0
3641000
1114000
0
38000
0
1152000
34183000
0
2137000
33000
36287000
6509000
0
195000
11000
6693000
45181000
0
2636000
44000
47773000
124389000
196000
5000
124580000
26128000
44000
0
26172000
150517000
240000
5000
150752000
24188000
235000
0
24423000
1353000
3000
1000
1355000
25447000
1027000
3000
26471000
8480000
93000
13000
8560000
59468000
1358000
17000
60809000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">The Company’s investments in <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> debt securities that have been in a continuous unrealized loss position, for which an allowance for credit losses has not been recorded, by type of security consisted of the following (in thousands): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 48%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="22" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 12 months</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12 months or greater</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">41,702</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">41,702</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">29,810</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(34</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">29,810</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(34</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">546</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(6</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">157</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">703</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(11</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">72,058</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(45</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">157</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">72,215</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(50</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 48%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="22" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Less than 12 months</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12 months or greater</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair<br/> Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross<br/> Unrealized<br/> Losses</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">39,823</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$ </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">39,823</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(5</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: bottom;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; text-align: right;">6,029</td>
<td style="vertical-align: bottom; white-space: nowrap;"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,029</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; text-align: right;">1,971</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(13</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,971</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(13</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">47,823</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(21</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(1</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">48,389</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(22</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
41702000
5000
0
0
41702000
5000
29810000
34000
0
0
29810000
34000
546000
6000
157000
5000
703000
11000
72058000
45000
157000
5000
72215000
50000
39823000
5000
0
0
39823000
5000
0
0
566000
1000
566000
1000
6029000
3000
0
0
6029000
3000
1971000
13000
0
0
1971000
13000
47823000
21000
566000
1000
48389000
22000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Gross realized gains and losses from the sales of the Company’s <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale</div></div> debt securities consisted of the following (in thousands): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 8pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 70%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 69%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross realized gains<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">241</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">134</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$ </td>
<td style="vertical-align: bottom;;text-align:right;">12</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 69%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 69%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross realized losses <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(49</td>
<td style="vertical-align: bottom; white-space: nowrap;">)</td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(47</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(2</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 69%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 3%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recorded in other income (expense), net in the consolidated statements of net and comprehensive income. The cost basis of securities sold were determined based on the specific identification method. </div></div></td></tr></table>
241000
134000
12000
49000
47000
2000
P1Y7M6D
29
50000
0.001
0
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Amortized cost and fair value of marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale,</div></div> by contractual maturity consisted of the following (in thousands, except weighted average data): </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 52%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortized<br/> Cost</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due in one year or less</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,148</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">150,517</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">150,752</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due after one year through five years</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30,604</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,041</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">41,123</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">41,794</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due after five years through ten years</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">10,022</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">11,044</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,813</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,467</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Due after ten years</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,555</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,688</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,532</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,548</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">203,329</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">206,031</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">209,985</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">211,561</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average contractual maturity</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.6 years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.7 years</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr></table>
158148000
158258000
150517000
150752000
30604000
32041000
41123000
41794000
10022000
11044000
12813000
13467000
4555000
4688000
5532000
5548000
203329000
206031000
209985000
211561000
P1Y7M6D
P1Y8M12D
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">6.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Acquisitions, Goodwill and Other Intangible Assets </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During 2020, the Company expanded its network of its real estate sales and financing professionals and provided further diversification to its real estate brokerage and financing services. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company completed acquisitions of </div> four<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>businesses <div style="letter-spacing: 0px; top: 0px;;display:inline;">that were accounted for as business combinations, and the results have been included in the consolidated financial statements beginning on the respective acquisition dates. Aggregate terms of these acquisitions included: (i) cash paid at closing of approximately </div> $17.9 million (exclusive of cash acquired) (ii) the fair value of contingent consideration of $2.9 million with payments conditioned upon achieving certain financial metrics, and (iii) the fair value of deferred consideration, settled in cash or stock of $14.2 million with the only remaining condition on such payments being the passage of time. Contingent consideration and deferred consideration represent noncash investing activity and are included in accounts payable and other liabilities and other liabilities captions in the consolidated balance sheets. See Note 10 – “Fair Value Measurements” for additional information on contingent and deferred consideration. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Based on preliminary purchase price allocations, $15.7 million was allocated to the fair values of intangible assets, $1.8 million was allocated to the fair values of other net assets (assumed assets less acquired liabilities), $0.8 million was allocated to the fair values of unfavorable ROU asset, with the remainder of $18.3 <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">million allocated to goodwill. The estimated fair values and allocation of consideration are preliminary, based upon information available at the time of closing as the Company continues to evaluate underlying inputs and assumptions. Accordingly, these provisional values may be subject to adjustments during the measurement period, not to exceed one year, based upon new information obtained about facts and circumstances that existed at the time of closing. </div></div></div> <div style="text-indent: 4%;font-family: Times New Roman;font-size: 10pt;margin-top: 12pt;margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company recognized $1.3 million of acquisition-related costs that were expensed as incurred during the year ended December 31, 2020, which was included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income.</div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The goodwill recorded as part of the acquisitions primarily arose from the acquired assembled workforce and brokerage and financing sales platforms. The Company expects all of the goodwill to be tax deductible, with the tax-deductible amount of goodwill related to the contingent and deferred consideration to be determined once the cash payments are made to settle any</div> contingent and deferred consideration. The goodwill resulting from acquisitions is allocated to the Company’s one RU. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill and intangible assets, net consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 46%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td style="width: 0%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accumulated</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Book</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accumulated</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Book</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 46%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill and intangible assets:</div></div></td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 46%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill</div></div></td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">33,375</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">33,375</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 46%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Intangible assets<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">24,745</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(6,067</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,678</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">9,050</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1,810</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,240</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 46%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 46%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">58,120</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(6,067</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">52,053</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,122</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(1,810</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,312</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 46%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total weighted average amortization period was 5.57 years and 4.37<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>years as of December 31, 2020 and 2019, respectively. </div></div></td></tr></table> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="clear: both; max-height: 0px; background: none;"/><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The changes in the carrying amount of goodwill consisted of the following (in thousands): </div></div></div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap;;text-align:center;"><div style="margin-top: 0px; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended</div></div></div><div style="margin-top: 0px; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">11,459</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions from acquisitions</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,303</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,613</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment losses</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">33,375</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 80%;"/>
<td style="width: 11%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year Ended<br/> December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,584</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2023</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,529</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2024</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,016</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2025</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,764</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Thereafter</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,783</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">18,678</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing which indicate that it is more likely than not an impairment loss has occurred. The Company evaluates its intangible assets that have finite useful lives whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">As of December 31, 2020, the Company considered the impact of <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic and evaluated its goodwill and intangible assets for impairment testing. The Company considered qualitative and quantitative factors, including the impact from the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> induced economic slowdown and current projected recovery timeframes. The Company estimated the recoverability of the intangible assets by comparing the carrying amount of each asset to the future undiscounted cash flows that the Company expects the asset to generate. The sum of the undiscounted expected future cash flows was greater than the carrying amount of the intangible assets. The Company concluded that as of December 31, 2020, there was no impairment of its goodwill and intangible assets. </div>
4
17900000
2900000
14200000
15700000
1800000
800000
18300000
1300000
1
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill and intangible assets, net consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 46%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td style="width: 0%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 2%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accumulated</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Book</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Gross</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Carrying</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Accumulated</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amortization</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Net Book</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 46%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill and intangible assets:</div></div></td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 46%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill</div></div></td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">33,375</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">33,375</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 46%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Intangible assets<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">24,745</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(6,067</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,678</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">9,050</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1,810</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,240</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 46%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 46%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">58,120</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(6,067</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">52,053</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,122</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">(1,810</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,312</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 46%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total weighted average amortization period was 5.57 years and 4.37<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>years as of December 31, 2020 and 2019, respectively. </div></div></td></tr></table>
33375000
33375000
15072000
15072000
24745000
-6067000
18678000
9050000
-1810000
7240000
58120000
-6067000
52053000
24122000
-1810000
22312000
P5Y6M25D
P4Y4M13D
<div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="clear: both; max-height: 0px; background: none;"/><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt; margin-left: 4%;"><div style="display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The changes in the carrying amount of goodwill consisted of the following (in thousands): </div></div></div></div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap;;text-align:center;"><div style="margin-top: 0px; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended</div></div></div><div style="margin-top: 0px; margin-bottom: 0px;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">11,459</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions from acquisitions</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,303</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,613</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Impairment losses</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div></td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">33,375</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 6%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
15072000
11459000
18303000
3613000
0
0
33375000
15072000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 80%;"/>
<td style="width: 11%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Year Ended<br/> December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,584</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2023</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,529</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2024</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,016</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2025</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,764</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Thereafter</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,783</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">18,678</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
4002000
3584000
3529000
3016000
2764000
1783000
18678000
0
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">7.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Selected Balance Sheet Data </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Advances and Loans, Net and Commissions Receivable, Net </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allowance for credit losses for advances and loans and commissions receivable consisted of the following (in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 58%;"/>
<td style="width: 11%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 11%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 10%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Advances and<br/> Loans</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commissions<br/> Receivable</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance as of January 1, 2020</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">512</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;;width:9%;">32</td>
<td style="vertical-align: bottom; white-space: nowrap;"><div style=";display:inline;vertical-align: super;;font-size:9.2px">(1)</div></td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">544</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit loss expense</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">126</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;;width:9%;">62</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">188</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Write-offs</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(75</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;">) </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;;width:9%;">—</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(75</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 58%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;;width:9%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance as of December 31, 2020</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">563</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;;width:9%;">94</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">657</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 58%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;;width:9%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Includes cumulative-effect adjustment related to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13.</div> </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 58%;"/>
<td style="width: 9%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 8%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 9%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Advances and<br/> Loans</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commissions<br/> Receivable</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance as of January 1, 2019</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">514</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"> — </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">514</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit loss expense</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">114</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">114</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Write-offs</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(116</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(116</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 57%;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance as of December 31, 2019</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">512</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">512</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 57%;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Assets </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other assets consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 64%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current</div></div></div><br/> <div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-Current</div></div></div></div><br/> <div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MSRs, net of amortization</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,897</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Security deposits</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,461</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,345</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Employee notes receivable <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">185</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">65</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">323</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Customer trust accounts and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,526</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,120</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">677</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,711</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,185</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,176</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,347</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"> </div><div style="clear: both; max-height: 0px; background: none;"/></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable were $0<div style="letter-spacing: 0px; top: 0px;;display:inline;"> a</div>nd $60 for the years ended December 31, 2020 and 2019, respectively. See Note 9 – “Related-Party Transactions” for additional information. </div></div></td></tr></table> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">MSRs </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The net change in the carrying value of MSRs consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 78%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,209</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">441</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">337</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(546</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(544</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,897</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The portfolio of loans serviced by the Company aggregated $1.6 billion for each of the periods ended December 31, 2020 and 2019, respectively. See Note 10 – “Fair Value Measurements” for additional information on MSRs. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with MSR activities, the Company holds funds in escrow for the benefit of the lenders. These funds, which totaled $3.2 million and $2.6 million as of December 31, 2020 and 2019, respectively, and the offsetting obligations are not presented in the Company’s consolidated financial statements as they do not represent assets and liabilities of the Company. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Compensation and Commissions </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation and commissions consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 60%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-Current</div></div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SARs liability <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,162</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,080</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,671</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">18,122</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commissions payable to investment sales and financing professionals</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">54,082</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">40,235</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">15,306</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">20,818</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation liability <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,519</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,553</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,768</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,688</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">343</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">433</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">58,106</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">44,301</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">38,745</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">45,628</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The SARs and deferred compensation liability become subject to payout as a result of a participant no longer being considered as a service provider. As a result of the retirement of certain participants, estimated amounts to be paid to the participants within the next twelve months have been classified as current. </div></div></td></tr></table> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">SARs Liability </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prior to the IPO, certain employees of the Company were granted SARs under a stock-based compensation program assumed by MMC. In connection with the IPO, the SARs agreements were revised, the MMC liability of $20.0 million for the SARs was frozen as of March 31, 2013, and was transferred to MMI through a capital distribution. The SARs liability will be settled with each participant in ten annual installments in January of each year upon retirement or termination from service, or in full upon consummation of a change in control of the Company. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Under the revised agreements, MMI is required to accrue interest on the outstanding balance beginning on January 1, 2014 at a rate based on the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10-year</div> treasury note, plus 2%. The rate resets annually. The rates at </div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">January 1, 2020, 2019 and 2018 were 3.920%, 4.684% and 4.409%, respectively. MMI recorded interest expense related to this liability of $710,000, $904,000 and $891,000 for the years ended December 31, 2020, 2019 and 2018, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Estimated payouts within the next twelve months for participants that have separated from service have been classified as current. During the years ended December 31, 2020 and 2019, the Company made total payments of $2.1 million and $1.8 million, consisting of principal and accumulated interest, respectively. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Commissions Payable </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain investment sales professionals have the ability to earn additional commissions after meeting certain annual revenue thresholds. These commissions are recognized as cost of services in the period in which they are earned as they relate to specific transactions closed. The Company has the ability to defer payment of certain commissions, at its election, for up to three years. Commissions payable that are not expected to be paid within twelve months are classified as long-term. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Deferred Compensation Liability </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">A select group of management is eligible to participate in the Marcus & Millichap Deferred Compensation Plan (the “Deferred Compensation Plan”). The Deferred Compensation Plan is a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-qualified</div> deferred compensation plan that is intended to comply with Section 409A of the Internal Revenue Code and permits participants to defer compensation up to the limits set forth in the Deferred Compensation Plan. Amounts are paid out generally when the participant is no longer a service provider; however, an <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">in-service</div> payout election is available to participants. Participants may elect to receive payouts as a lump sum or quarterly over a <span style="-sec-ix-hidden:hidden17712064">two</span> to <span style="-sec-ix-hidden:hidden17712069">fifteen</span>-year period. The Company elected to fund the Deferred Compensation Plan through company owned variable life insurance policies. The Deferred Compensation Plan is managed by a third-party institutional fund manager, and the deferred compensation and investment earnings are held as a Company asset in a rabbi trust, which is recorded in assets held in rabbi trust in the accompanying consolidated balance sheets. The assets in the trust are restricted unless the Company becomes insolvent, in which case the trust assets are subject to the claims of the Company’s creditors. The Company may also, in its sole and absolute discretion, elect to withdraw at any time a portion of the trust assets by an amount by which the fair market value of the trust assets exceeds 110% of the aggregate deferred compensation liability represented by the participants’ accounts. Estimated payouts within the next twelve months for participants that have separated from service or elected in service payout have been classified as current. During the years ended December 31, 2020 and 2019, the Company made total payments to participants of $1.5 million and $1.6 million, respectively. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The assets held in the rabbi trust are carried at the cash surrender value of the variable life insurance policies, which represents its fair value.<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>The net change in the carrying value of the assets held in the rabbi trust and the net change in the carrying value of the deferred compensation liability, each exclusive of additional contributions, distributions and trust expenses consisted of the following (in thousands): </div></div> <div style="margin-block: 0em; margin-bottom: 0px; margin-top: 0px;"> </div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 8pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 71%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase (decrease) in the carrying value of the assets held in the rabbi trust <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,042</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,353</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(326</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase (decrease) in the net carrying value of the deferred compensation obligation <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">799</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,293</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(306</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-align: center;"> <div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div> </div> </div> <div style="text-align: center;"> <div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"> <div style="clear: both; max-height: 0px; background: none;"/> </div> </div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recorded in other income (expense), net in the consolidated statements of net and comprehensive income.</div></div> </td> </tr> </table> <div style="margin-block: 0em; margin-bottom: 0px; margin-top: 0px;"> </div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Liabilities </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 76%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-Current</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred consideration <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)(2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,582</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">830</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)(2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,219</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,709</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,015</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">13,816</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,539</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current portions of deferred consideration in the amounts of $6,666 and $560 as of December 31, 2020 and 2019, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. The current portions of contingent consideration in the amounts of $1,353 and $678 as of December 31, 2020 and 2019, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Deferred consideration in the aggregate amount of $1,401 as of December 31, 2019 was reclassified from contingent consideration during the year ended December 31, 2020 and of this amount, $560 and $841 pertained to the current and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> portions, respectively. </div> </td> </tr> </table>
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Allowance for credit losses for advances and loans and commissions receivable consisted of the following (in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 58%;"/>
<td style="width: 11%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 11%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 10%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Advances and<br/> Loans</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commissions<br/> Receivable</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance as of January 1, 2020</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">512</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;;width:9%;">32</td>
<td style="vertical-align: bottom; white-space: nowrap;"><div style=";display:inline;vertical-align: super;;font-size:9.2px">(1)</div></td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">544</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit loss expense</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">126</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;;width:9%;">62</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">188</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Write-offs</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(75</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;">) </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;;width:9%;">—</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(75</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 58%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;;width:9%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 58%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance as of December 31, 2020</div></div></td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">563</td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;;width:9%;">94</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">657</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 58%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="width: 0%;"> </td>
<td style="vertical-align: bottom; width: 11%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;;width:9%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 10%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">Includes cumulative-effect adjustment related to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2016-13.</div> </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 58%;"/>
<td style="width: 9%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 8%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 9%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Advances and<br/> Loans</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Commissions<br/> Receivable</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance as of January 1, 2019</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">514</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;"> — </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">514</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit loss expense</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">114</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">114</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Write-offs</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(116</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(116</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 57%;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 57%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance as of December 31, 2019</div></div></td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">512</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">512</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 57%;"> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 9%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
512000
32000
544000
126000
62000
188000
75000
0
-75000
563000
94000
657000
514000
0
514000
114000
0
114000
116000
0
-116000
512000
0
512000
<div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other Assets </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other assets consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 64%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current</div></div></div><br/> <div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-Current</div></div></div></div><br/> <div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MSRs, net of amortization</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,897</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Security deposits</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,461</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,345</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Employee notes receivable <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">185</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">65</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">323</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Customer trust accounts and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,526</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,120</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">677</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,711</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,185</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,176</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">4,347</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"> </div><div style="clear: both; max-height: 0px; background: none;"/></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Reduction of accrued bonuses and other employee related expenses in settlement of employee notes receivable were $0<div style="letter-spacing: 0px; top: 0px;;display:inline;"> a</div>nd $60 for the years ended December 31, 2020 and 2019, respectively. See Note 9 – “Related-Party Transactions” for additional information. </div></div></td></tr></table>
0
0
1897000
2002000
0
0
1461000
1345000
185000
65000
246000
323000
4526000
3120000
572000
677000
4711000
3185000
4176000
4347000
0
60000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The net change in the carrying value of MSRs consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 78%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,209</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Additions</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">441</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">337</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortization</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(546</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(544</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,897</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,002</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
2002000
2209000
441000
337000
546000
544000
1897000
2002000
1600000000
3200000
2600000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation and commissions consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 60%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Current</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-Current</div></div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 0.7pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SARs liability <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,162</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,080</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,671</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">18,122</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commissions payable to investment sales and financing professionals</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">54,082</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">40,235</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">15,306</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">20,818</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation liability <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,519</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,553</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,768</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,688</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">343</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">433</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">58,106</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">44,301</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">38,745</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">45,628</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The SARs and deferred compensation liability become subject to payout as a result of a participant no longer being considered as a service provider. As a result of the retirement of certain participants, estimated amounts to be paid to the participants within the next twelve months have been classified as current. </div></div></td></tr></table>
2162000
2080000
16671000
18122000
54082000
40235000
15306000
20818000
1519000
1553000
6768000
6688000
343000
433000
0
0
58106000
44301000
38745000
45628000
20000000.0
2013-03-31
2014-01-01
P10Y
0.02
0.03920
0.04684
0.04409
710000
904000
891000
Estimated payouts within the next twelve months for participants that have separated from service have been classified as current.
2100000
1800000
P3Y
Commissions payable that are not expected to be paid within twelve months are classified as long-term.
1.10
Estimated payouts within the next twelve months for participants that have separated from service or elected in service payout have been classified as current.
1500000
1600000
<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>The net change in the carrying value of the assets held in the rabbi trust and the net change in the carrying value of the deferred compensation liability, each exclusive of additional contributions, distributions and trust expenses consisted of the following (in thousands): <div style="margin-block: 0em; margin-bottom: 0px; margin-top: 0px;"> </div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 8pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 71%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase (decrease) in the carrying value of the assets held in the rabbi trust <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,042</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,353</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(326</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase (decrease) in the net carrying value of the deferred compensation obligation <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">799</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,293</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(306</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-align: center;"> <div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div> </div> </div> <div style="text-align: center;"> <div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"> <div style="clear: both; max-height: 0px; background: none;"/> </div> </div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recorded in other income (expense), net in the consolidated statements of net and comprehensive income.</div></div> </td> </tr> </table> <div style="margin-block: 0em; margin-bottom: 0px; margin-top: 0px;"> </div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recorded in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/>
1042000
1353000
-326000
799000
1293000
-306000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other liabilities consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 76%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-Current</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred consideration <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)(2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,582</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">830</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)(2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,219</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,709</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,015</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">13,816</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,539</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The current portions of deferred consideration in the amounts of $6,666 and $560 as of December 31, 2020 and 2019, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. The current portions of contingent consideration in the amounts of $1,353 and $678 as of December 31, 2020 and 2019, respectively, are included in accounts payable and other liabilities in the consolidated balance sheets. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">Deferred consideration in the aggregate amount of $1,401 as of December 31, 2019 was reclassified from contingent consideration during the year ended December 31, 2020 and of this amount, $560 and $841 pertained to the current and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current</div> portions, respectively. </div> </td> </tr> </table>
8582000
830000
4219000
2709000
1015000
0
13816000
3539000
6666000
560000
1353000
678000
1401000
560000
841000
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">8.</div></div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Notes Payable to Former Stockholders </div></div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In conjunction with the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">spin-off</div> and IPO, notes payable to certain former stockholders of MMREIS were issued in settlement of restricted stock and SARs awards that were redeemed by MMREIS upon the termination of employment by the former stockholders (“the Notes”). Such Notes had been previously assumed by MMC and were transferred to the Company. The Notes were fully paid in April 2020 in the amount of $6.9 million ($6.6 million principal and $333,000 interest). </div>
6900000
6600000
333000
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">9.</div></div></td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Related-Party Transactions </div></div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Shared and Transition Services </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Certain services are provided to the Company under a Transition Services Agreement (“TSA”) between MMC and the Company. The TSA is intended to provide certain services until the Company acquires the services separately. Under the TSA, the Company incurred net costs during the years ended December 31, 2020, 2019 and 2018 of $68,000, $127,000 and $197,000, respectively. These amounts are included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Brokerage and Financing Services with the Subsidiaries of MMC </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">MMC has wholly or majority owned subsidiaries that buy and sell commercial real estate properties. The Company performs certain brokerage and financing services related to transactions of the subsidiaries of MMC. For the years ended December 31, 2020, 2019 and 2018, the Company earned real estate brokerage commissions and financing fees of $2.9 million, $5.2 million and $7.7 million, respectively, from transactions with subsidiaries of MMC related to these services. The Company incurred cost of services of $1.7 million, $3.0 million and $4.6 million, respectively, related to these revenues. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating Lease with MMC </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has an operating lease with MMC for a single-story office building located in Palo Alto, California, which expires on May 31, 2022. The related operating lease cost was $1.3 million for each of the years ended December 31, 2020 and 2019, respectively, and $1.0 million for the year ended December 31, 2018. Operating lease cost is included in selling, general and administrative expense in the accompanying consolidated statements of net and comprehensive income. See Note 4 – “Operating Leases” for additional information. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accounts Payable and Other Liabilities with MMC </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2020 and 2019, accounts payable and other liabilities with MMC totaling $89,000 and $88,000, respectively, remain unpaid and are included in accounts payable and other liabilities in the accompanying consolidated balance sheets. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company makes advances to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-executive</div> employees from <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">time-to-time.</div></div> At December 31, 2020 and 2019, the aggregate principal amount for employee notes receivable was $431,000 and $388,000, respectively, which is included in other assets (current and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-current)</div> in the accompanying consolidated balance sheets. See Note 7 – “Selected Balance Sheet Data” for additional information. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">As of December 31, 2020, George M. Marcus, the Company’s founder and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Chairman,</div> beneficially owned approximately 40% of the Company’s issued and outstanding common stock, including shares owned by Phoenix Investments Holdings, LLC and the Marcus Family Foundation II. </div>
68000
127000
197000
2900000
5200000
7700000
1700000
3000000.0
4600000
2022-05-31
1300000
1300000
1000000.0
89000
88000
431000
388000
0.40
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">10.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fair Value Measurements </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Recurring Fair Value Measurements </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
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<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="14" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="14" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets held in rabbi trust</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">10,295</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">10,295</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,452</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,452</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash equivalents <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div>:</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial paper</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,399</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,399</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,087</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,087</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Money market funds</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">158,271</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">158,271</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">185,513</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">185,513</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">167,670</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,271</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,399</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">190,600</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">185,513</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,087</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Short-term investments:</div></div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,447</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,447</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,841</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,841</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">82,288</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">150,752</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">121,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Long-term investments:<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> </div></div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,152</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,152</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,355</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,355</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">36,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">36,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,471</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,471</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,693</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,693</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8,560</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8,560</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">47,773</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">44,132</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">60,809</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">36,386</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,248</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,248</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,390</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,390</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation liability</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,241</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,241</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Included in cash and cash equivalents on the accompanying consolidated balance sheets. </div></div></td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">There were no transfers in or out of Level 3 during the year ended December 31, 2020. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">During the year ended December 31, 2020, the Company considered the economic impact of COVID-19 on the probability of achieving EBITDA and other performance targets, and current and future interest rates in its determination of fair value for the contingent consideration. The Company is uncertain as to the extent of the volatility in the unobservable inputs in the foreseeable future. Deferred consideration in connection with acquisitions is carried at fair value and calculated using a discounted cash flow estimate with the only remaining condition on such payments being the passage of time. </div> </div><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2020 and 2019, contingent and deferred consideration has a maximum remaining undiscounted payment of $33.2 million and $7.3 million, respectively. Assuming the achievement of the applicable performance criteria and/or service and time requirements, the Company anticipates these payments will be made over the next one to seven-year period. Changes in fair value are included in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reconciliation of contingent consideration measured at fair value on a recurring basis consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 78%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,474 </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration in connection with acquisitions<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,918</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,382</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in fair value of contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">101</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">202</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payments of contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(834</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(671</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387 </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="clear: both; max-height: 0px; background: none;"/></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance for 2020 reflects the reclassification of $1,401 from contingent consideration related to deferred consideration. See Note 7 – “Selected Balance Sheet Data – Other Liabilities” for additional information. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div> </td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration in connections with acquisitions represents a noncash investing activity. </div></div></td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial liabilities measured at fair value on a recurring basis consisted of the following (dollars in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 25%;"/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation Technique</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unobservable inputs</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range (Weighted<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average)<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:7.5px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discounted cash flow</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Expected life of cash flows</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2.4-6.8 years</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4.4 years</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2.6%-4.3%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3.4%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Probability of achievement</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">50.0%-100.0%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(86.1%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1pt;">
<td style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="8" style="height: 12pt; font-family: "Times New Roman";"/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation Technique</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unobservable inputs</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range (Weighted<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average)<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:7.5px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discounted cash flow</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Expected life of cash flows</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.4-5.8 years</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2.4 years</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">3.6%-4.9%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4.1%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Probability of achievement</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">33.0%-100.0%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(74.3%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable inputs were weighted by the relative fair value of the instruments. </div></div></td></tr></table> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonrecurring Fair Value Measurements </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Management made revisions to the assumptions used in the determination of fair value for MSRs after considering the economic impact of the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">COVID-19</div> pandemic on default, severity, prepayment and discount rates related to the specific types and underlying collateral of the various serviced loans, interest rates, refinance rates, and current government and private sector responses to the pandemic. MSRs are carried at the lower of amortized cost or fair value. The fair value of the MSRs approximated the carrying value at December 31, 2020 and 2019 after consideration of the revisions to the various assumptions. See Note 7 – “Selected Balance Sheet Data – Other Assets – MSRs” for additional information. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial assets measured at fair value on a nonrecurring basis consisted of the following (dollars in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 9pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 24%; font-family: "Times New Roman";"/>
<td style="width: 2%; vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman"; width: 2%;"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="width: 2%; vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="width: 2%; font-family: "Times New Roman";"/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Technique</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable inputs</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">Range<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>(Weighted Average)<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top; white-space: nowrap;;display:inline;;font-size:7.5px">(1)</div></div></div></div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 24%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;">MSRs</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">$</td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">2,135</td>
<td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">Discounted cash flow</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Constant prepayment rates</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.0%-20.0% (10.0%)</div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Constant default rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.3%-4.1%</div> (1.1%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Loss severity</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">26.2%-31.4% (28.0%)</div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10.0%-10.0%</div> (10.0%)</td></tr>
<tr style="font-size: 1pt;">
<td style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Technique</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable inputs</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); white-space: nowrap;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">Range<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>(Weighted Average)<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top; white-space: nowrap;;display:inline;;font-size:7.5px">(1)</div></div></div></div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 24%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;">MSRs</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">$</td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">2,204</td>
<td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">Discounted cash flow</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Constant prepayment rates</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.0%-20.0%</div> (10.0%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Constant default rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2.0%-2.0%</div> (2.0%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Loss severity</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">40.0%-40.0%</div> (40.0%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">9.5%-9.7%</div> (9.7%)</td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average is based on the <span style="-sec-ix-hidden:hidden18480116"/><span style="-sec-ix-hidden:hidden18480114">10</span>% constant prepayment rate scenario which the Company uses as the reported fair value. </div></div></td></tr></table>
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets and liabilities carried at fair value on a recurring basis consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 37%;"/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="14" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="14" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 1</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 2</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Level 3</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Assets held in rabbi trust</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">10,295</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">10,295</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,452</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,452</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cash equivalents <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div>:</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commercial paper</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,399</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,399</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,087</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,087</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Money market funds</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">158,271</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">158,271</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">185,513</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">185,513</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">167,670</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,271</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,399</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">190,600</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">185,513</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,087</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">Marketable debt securities, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">available-for-sale:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Short-term investments:</div></div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">124,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,447</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32,447</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,841</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,841</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">75,970</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">82,288</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">150,752</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">121,580</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">26,172</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Long-term investments:<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> </div></div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. treasuries</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">U.S. government sponsored entities</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,152</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,152</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,355</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,355</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Corporate debt</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">36,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">36,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,471</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,471</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ABS and other</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,693</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,693</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8,560</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8,560</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">47,773</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,641</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">44,132</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">60,809</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,423</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">36,386</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Liabilities:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,248</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">15,248</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,390</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,390</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation liability</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,287</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,241</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">8,241</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Included in cash and cash equivalents on the accompanying consolidated balance sheets. </div></div></td></tr></table>
10295000
0
10295000
0
9452000
0
9452000
0
9399000
0
9399000
0
5087000
0
5087000
0
158271000
158271000
0
0
185513000
185513000
0
0
167670000
158271000
9399000
0
190600000
185513000
5087000
0
75970000
75970000
0
0
124580000
124580000
0
0
32447000
0
32447000
0
0
0
0
0
49841000
0
49841000
0
26172000
0
26172000
0
158258000
75970000
82288000
0
150752000
121580000
26172000
0
3641000
3641000
0
0
24423000
24423000
0
0
1152000
0
1152000
0
1355000
0
1355000
0
36287000
0
36287000
0
26471000
0
26471000
0
6693000
0
6693000
0
8560000
0
8560000
0
47773000
3641000
44132000
0
60809000
24423000
36386000
0
5572000
0
0
5572000
3387000
0
0
3387000
15248000
0
15248000
0
1390000
0
1390000
0
8287000
8287000
0
0
8241000
8241000
0
0
0
33200000
7300000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reconciliation of contingent consideration measured at fair value on a recurring basis consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 78%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,474 </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration in connection with acquisitions<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,918</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,382</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in fair value of contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">101</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">202</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Payments of contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(834</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(671</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387 </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="clear: both; max-height: 0px; background: none;"/></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance for 2020 reflects the reclassification of $1,401 from contingent consideration related to deferred consideration. See Note 7 – “Selected Balance Sheet Data – Other Liabilities” for additional information. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div> </td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration in connections with acquisitions represents a noncash investing activity. </div></div></td></tr></table>
3387000
1474000
2918000
2382000
101000
202000
834000
671000
5572000
3387000
1401000
1401000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial liabilities measured at fair value on a recurring basis consisted of the following (dollars in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 25%;"/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation Technique</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unobservable inputs</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range (Weighted<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average)<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:7.5px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">5,572</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discounted cash flow</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Expected life of cash flows</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2.4-6.8 years</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4.4 years</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2.6%-4.3%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3.4%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Probability of achievement</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">50.0%-100.0%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(86.1%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1pt;">
<td style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman";"/>
<td colspan="8" style="height: 12pt; font-family: "Times New Roman";"/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Valuation Technique</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Unobservable inputs</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Range (Weighted<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div></div></div><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Average)<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:7.5px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Contingent consideration</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,387</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discounted cash flow</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Expected life of cash flows</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.4-5.8 years</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2.4 years</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">3.6%-4.9%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4.1%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">Probability of achievement</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">33.0%-100.0%</div></td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(74.3%</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable inputs were weighted by the relative fair value of the instruments. </div></div></td></tr></table>
5572000
2.4
6.8
4.4
0.026
0.043
0.034
0.500
1.000
0.861
3387000
0.4
5.8
2.4
0.036
0.049
0.041
0.330
1.000
0.743
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Quantitative information about the valuation technique and significant unobservable inputs used in the valuation of the Company’s Level 3 financial assets measured at fair value on a nonrecurring basis consisted of the following (dollars in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 9pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 24%; font-family: "Times New Roman";"/>
<td style="width: 2%; vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman"; width: 2%;"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="width: 2%; vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="width: 2%; font-family: "Times New Roman";"/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Technique</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable inputs</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); white-space: nowrap;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">Range<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>(Weighted Average)<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top; white-space: nowrap;;display:inline;;font-size:7.5px">(1)</div></div></div></div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 24%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;">MSRs</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">$</td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">2,135</td>
<td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">Discounted cash flow</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Constant prepayment rates</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.0%-20.0% (10.0%)</div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Constant default rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.3%-4.1%</div> (1.1%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Loss severity</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">26.2%-31.4% (28.0%)</div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">10.0%-10.0%</div> (10.0%)</td></tr>
<tr style="font-size: 1pt;">
<td style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="4" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="height: 12pt; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Fair Value at</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation Technique</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;">Unobservable inputs</div></div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; border-bottom: 1pt solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); white-space: nowrap;;text-align:center;"><div style="text-align: center; font-family: "Times New Roman"; font-size: 8pt; margin-top: 0pt; margin-bottom: 1pt; line-height: normal; white-space: nowrap;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 8pt; letter-spacing: 0px; top: 0px; white-space: nowrap;;display:inline;">Range<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>(Weighted Average)<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div><div style="font-size: 85%; vertical-align: top; white-space: nowrap;;display:inline;;font-size:7.5px">(1)</div></div></div></div></td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; background-color: rgb(204, 238, 255); width: 24%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 9pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 9pt; letter-spacing: 0px; top: 0px;;display:inline;">MSRs</div></div></td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">$</td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">2,204</td>
<td style="vertical-align: top; white-space: nowrap; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);">Discounted cash flow</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Constant prepayment rates</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">0.0%-20.0%</div> (10.0%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Constant default rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">2.0%-2.0%</div> (2.0%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255);;text-align:right;">Loss severity</td>
<td style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(204, 238, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">40.0%-40.0%</div> (40.0%)</td></tr>
<tr style="font-family: Times New Roman; font-size: 9pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 24%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; font-family: "Times New Roman"; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 2%;"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255);;text-align:right;">Discount rate</td>
<td style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> </td>
<td style="vertical-align: top; background-color: rgb(255, 255, 255); text-align: right; width: 2%;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">9.5%-9.7%</div> (9.7%)</td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average is based on the <span style="-sec-ix-hidden:hidden18480116"/><span style="-sec-ix-hidden:hidden18480114">10</span>% constant prepayment rate scenario which the Company uses as the reported fair value. </div></div></td></tr></table>
2135000
0.0
20.0
10.0
0.3
4.1
1.1
26.2
31.4
28.0
10.0
10.0
10.0
2204000
0.0
20.0
10.0
2.0
2.0
2.0
40.0
40.0
40.0
9.5
9.7
9.7
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">11.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stockholders’ Equity </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Common Stock </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">As of December 31, 2020 and 2019, there were 39,401,976 and 39,153,195 shares of common stock, $0.0001 par value, issued and outstanding, which include unvested RSAs issued to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors, respectively. See Note 15 – “Earnings per Share” for additional information. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Preferred Stock </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has 25,000,000 authorized shares of preferred stock with a par value $0.0001 per share. At December 31, 2020 and 2019, there were no preferred shares issued or outstanding. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accumulated Other Comprehensive Income/Loss </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amounts reclassified from accumulated other comprehensive income/loss include marketable debt securities, available for sale are included as a component of other income (expense), net or selling, general and administrative expense, as applicable, in the consolidated statements of net and comprehensive income. The reclassifications were determined on a specific identification basis. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has not provided for U.S. taxes on unremitted earnings of its foreign subsidiary as it is operating at a loss and has no earnings and profits to remit. As a result, deferred taxes were not provided related to the cumulative foreign currency translation adjustments. </div></div>
39401976
39401976
39153195
39153195
0.0001
0.0001
25000000
25000000
0.0001
0.0001
0
0
0
0
0
0
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">12.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stock-Based Compensation Plans </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2013 Omnibus Equity Incentive Plan </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company’s board of directors adopted the 2013 Plan, which became effective upon the Company’s IPO. In February 2017, <div style="letter-spacing: 0px; top: 0px;;display:inline;"> the board of directors amended and restated the 2013 Plan, which was approved by the</div></div></div> <div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Company’s stockholders in May 2017. Grants are made from time to time by the compensation committee of the Company’s board of directors at its discretion, subject to certain restrictions as to the number and value of shares that may be granted to any individual. In addition, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors receive annual grants under a director compensation policy. At December 31, 2020, there were 4,915,494 shares available for future grants under the 2013 Plan. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Awards Granted and Settled </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">Under the 2013 Plan, the Company has issued RSAs to <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors and RSUs to employees and independent contractors. RSAs generally vest over a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17906495">one</span>-year</div></div> period from the date of grant<div style="letter-spacing: 0px; top: 0px;;display:inline;"> subject to service requirements</div>. RSUs generally vest in equal annual installments over a <div style="letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17900880">five</span>-year</div> period from the date of grant or earlier as approved by the compensation committee of the Company’s board of directors. Any unvested awards are canceled upon termination as a service provider. As of December 31, 2020, there were no issued or outstanding options, SARs, performance units or performance share awards under the 2013 Plan. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">During the year ended December 31, 2020, 264,235 shares of RSUs vested and 62,566 shares of common stock were withheld to pay applicable required employee statutory withholding taxes based on the market value of the shares on the vesting date. The shares withheld for taxes were returned to the share reserve and are available for future issuance in accordance with provisions of the 2013 Plan. During the year ended December 31, 2020, there were no DSUs that settled. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Outstanding Awards </div></div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Activity under the 2013 Plan consisted of the following (dollars in thousands, except weighted average per share data):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 41%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RSA Grants to<br/> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-employee</div></div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RSU Grants to<br/> Employees</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RSU Grants to</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Independent</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractors</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted-<br/> Average Grant Date<br/> Fair Value Per<br/> Share</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2017<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30,732</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">500,859</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">450,264</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">981,855</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">23.90</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,852</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">142,760</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">102,466</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">258,078</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">34.94</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vested</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(16,488</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(146,122</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(171,114</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(333,724</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">22.31</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(23,755</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,755</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30.69</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Forfeited/canceled</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1,960</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(12,674</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(14,634</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30.17</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2018 <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27,096</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">471,782</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">392,697</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">891,575</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27.59</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,806</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">260,274</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">82,050</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">355,130</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">38.51</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vested</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(22,422</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(186,311</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(191,883</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(400,616</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">24.29</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(8,136</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8,136</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">29.68</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Forfeited/canceled</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(12,494</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(33,520</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(46,014</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30.65</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2019<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">17,480</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">525,115</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">257,480</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">800,075</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">33.91</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">19,516</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">322,910</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">92,279</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">434,705</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32.80</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vested</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(20,268</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(170,291</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(93,944</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(284,503</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32.74</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(18,294</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,294</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">33.67</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Forfeited/canceled</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(21,790</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(10,108</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(31,898</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">34.49</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2020 <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">16,728</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">637,650</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">264,001</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">918,379</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">33.73</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrecognized stock-based compensation expense as of December 31, 2020<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">153</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">17,718</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">7,555</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">25,426</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average remaining vesting period (years) as of December 31, 2020</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.34</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.58</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.13</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.42</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested RSUs will be settled through the issuance of new shares of common stock. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 3.42<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>years. </div></div> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The aggregate fair value of RSUs and RSAs that vested were $8.9 million, $14.6 million and $11.1 million for the years ended December 31, 2020, 2019 and 2018, respectively. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The fair value of fully vested DSUs that settled was $0<div style="display:inline;"> million</div>, $0 million and $8.3 million for the years ended December 31, 2020, 2019 and 2018, respectively. See “SARs and DSUs” section below and Note 15 – “Earnings per Share” for additional information. The remaining outstanding fully vested DSUs were 341,566 as of December 31, 2020, 2019 and 2018. Future share settlements of DSUs by year consisted of the following: </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 74%;"/>
<td style="width: 15%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">60,373</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">281,193</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">341,566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ESPP </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">In 2013, the Company adopted the ESPP. The ESPP is intended to qualify under Section 423 of the Internal Revenue Code and provides for consecutive, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-overlapping</div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17894955">6</span>-month</div> offering periods. The offering periods generally start on the first trading day on or after May 15 and November 15 of each year. Qualifying employees may purchase shares of the Company stock at a 10% discount based on the lower of the market price at the beginning or end of the offering period, subject to IRS limitations. The Company determined that the ESPP was a compensatory plan and is required to expense the fair value of the awards over each <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">6-month</div> offering period. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The ESPP initially had 366,667 shares of common stock reserved, and 176,877 and 204,473 shares of common stock remain available for issuance as of December 31, 2020 and 2019, respectively. The ESPP provides for annual increases in the number of shares available for issuance under the ESPP, equal to the least of (i) 366,667 shares, (ii) 1% of the outstanding shares on such date, or (iii) an amount determined by the compensation committee of the board of directors. Pursuant to the provisions of the ESPP, the board of directors has determined to not provide for any annual increases to date. At December 31, 2020, total unrecognized compensation cost related to the ESPP was $74,000 and is expected to be recognized over a weighted average period of 0.37 years. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">SARs and DSUs </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prior to the IPO, certain employees were granted SARs. As of March 31, 2013, the outstanding SARs were frozen at the liability amount, and will be paid out to each participant in installments upon retirement or departure under the terms of the revised SARs agreements. To replace beneficial ownership in the SARs, the difference between the book value liability and the fair value of the awards was granted to plan participants in the form of DSUs, which were fully vested upon receipt and will be settled in actual stock at a rate of 20% per year if the participant remains employed by the Company during that period (otherwise all unsettled shares of stock upon termination from service will be settled five years from the termination date, unless otherwise agreed to by the Company). In the event of death or termination of service after reaching the age of 67, 100% of the DSUs will be settled. </div></div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Summary of Stock-Based Compensation </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Components of stock-based compensation are included in selling, general and administrative expense in the consolidated statements of net and comprehensive income and consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 69%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ESPP</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">168</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">139</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">109</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">RSAs – <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors</div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">606</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">643</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">632</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RSUs – employees <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,003</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,419</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,233</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RSUs – independent contractors <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,128</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,077</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,009</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,905</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,278</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">11,983</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px;"> </div><div style="clear: both; max-height: 0px; background: none;"/></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Includes expense related to the acceleration of vesting of certain RSUs. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">The Company grants RSUs to independent contractors (i.e. investment sales and financing professionals), who are considered <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employees.</div> Prior to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2018-07</div> on July 1, 2018, such awards were required to be measured at fair value at the end of each reporting period until settlement. Stock-based compensation expense was therefore impacted by the changes in the Company’s common stock price during each reporting period prior to the adoption. New awards after the date of adoption are measured based on the grant date closing price of the Company’s common stock consistent with awards made to the Company’s employees and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors. </div></td></tr></table>
2017-02
2017-05
4915494
0
0
0
0
0
0
0
0
264235
62566
0
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Activity under the 2013 Plan consisted of the following (dollars in thousands, except weighted average per share data):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 41%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RSA Grants to<br/> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">Non-employee</div></div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Directors</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RSU Grants to<br/> Employees</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">RSU Grants to</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Independent</div></div><br/> <div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Contractors</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Total</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Weighted-<br/> Average Grant Date<br/> Fair Value Per<br/> Share</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2017<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30,732</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">500,859</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">450,264</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">981,855</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">23.90</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,852</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">142,760</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">102,466</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">258,078</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">34.94</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vested</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(16,488</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(146,122</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(171,114</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(333,724</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">22.31</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(23,755</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,755</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30.69</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Forfeited/canceled</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1,960</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(12,674</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(14,634</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30.17</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2018 <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27,096</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">471,782</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">392,697</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">891,575</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27.59</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,806</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">260,274</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">82,050</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">355,130</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">38.51</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vested</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(22,422</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(186,311</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(191,883</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(400,616</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">24.29</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(8,136</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">8,136</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">29.68</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Forfeited/canceled</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(12,494</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(33,520</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(46,014</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30.65</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2019<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">17,480</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">525,115</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">257,480</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">800,075</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">33.91</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/>
<td style="vertical-align: bottom; font-family: "Times New Roman";"/> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Granted</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">19,516</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">322,910</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">92,279</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">434,705</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32.80</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Vested</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(20,268</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(170,291</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(93,944</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(284,503</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">32.74</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Transferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(18,294</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,294</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">33.67</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Forfeited/canceled</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(21,790</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(10,108</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(31,898</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">34.49</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested shares at December 31, 2020 <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">16,728</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">637,650</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">264,001</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">918,379</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">33.73</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Unrecognized stock-based compensation expense as of December 31, 2020<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (2)</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">153</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">17,718</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">7,555</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">25,426</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted average remaining vesting period (years) as of December 31, 2020</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.34</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.58</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.13</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.42</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Nonvested RSUs will be settled through the issuance of new shares of common stock. </div></div> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The total unrecognized compensation expense is expected to be recognized over a weighted-average period of approximately 3.42<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>years. </div></div> </td> </tr> </table>
30732
500859
450264
981855
23.90
12852
142760
102466
258078
34.94
16488
146122
171114
333724
22.31
0
-23755
23755
0
30.69
0
1960
12674
14634
30.17
27096
471782
392697
891575
27.59
12806
260274
82050
355130
38.51
22422
186311
191883
400616
24.29
0
-8136
8136
0
29.68
0
12494
33520
46014
30.65
17480
525115
257480
800075
33.91
19516
322910
92279
434705
32.80
20268
170291
93944
284503
32.74
0
-18294
18294
0
33.67
0
21790
10108
31898
34.49
16728
637650
264001
918379
33.73
153000
17718000
7555000
25426000
P0Y4M2D
P3Y6M29D
P3Y1M17D
P3Y5M1D
P3Y5M1D
8900000
14600000
11100000
0
0
8300000
341566
Future share settlements of DSUs by year consisted of the following:
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 68%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 74%;"/>
<td style="width: 15%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31, 2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2021</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">60,373</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">2022</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">281,193</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">341,566</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0pt; margin-bottom: 0pt; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
60373
281193
341566
The offering periods generally start on the first trading day on or after May 15 and November 15 of each year
0.10
366667
176877
204473
The ESPP provides for annual increases in the number of shares available for issuance under the ESPP, equal to the least of (i) 366,667 shares, (ii) 1% of the outstanding shares on such date, or (iii) an amount determined by the compensation committee of the board of directors
366667
0.01
74000
P0Y4M13D
2013-03-31
0.20
P5Y
P67Y
1
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Components of stock-based compensation are included in selling, general and administrative expense in the consolidated statements of net and comprehensive income and consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 69%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">ESPP</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">168</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">139</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">109</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;">RSAs – <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors</div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">606</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">643</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">632</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RSUs – employees <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,003</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,419</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,233</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">RSUs – independent contractors <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,128</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,077</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,009</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,905</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">9,278</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">11,983</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-align: center;"><div style="width: 8.5in; text-align: left; margin-right: auto; margin-left: auto;"><div style="font-size: 6pt; margin-top: 0px; margin-bottom: 0px;"> </div><div style="clear: both; max-height: 0px; background: none;"/></div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Includes expense related to the acceleration of vesting of certain RSUs. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">The Company grants RSUs to independent contractors (i.e. investment sales and financing professionals), who are considered <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employees.</div> Prior to the adoption of ASU <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">No. 2018-07</div> on July 1, 2018, such awards were required to be measured at fair value at the end of each reporting period until settlement. Stock-based compensation expense was therefore impacted by the changes in the Company’s common stock price during each reporting period prior to the adoption. New awards after the date of adoption are measured based on the grant date closing price of the Company’s common stock consistent with awards made to the Company’s employees and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors. </div></td></tr></table>
168000
139000
109000
606000
643000
632000
6003000
5419000
4233000
3128000
3077000
7009000
9905000
9278000
11983000
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">13.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income Taxes </div></div></div></td></tr></table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The components of income from continuing operations before provision for income taxes consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 62%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">United States</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">62,206</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">112,425</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">119,446</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2,842</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4,913</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2,226</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">59,364</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">107,512</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">117,220</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The provision for income taxes consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 67%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal:</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">12,437</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,638</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,101</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">310</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">665</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(268</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,747</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,303</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,833</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 3em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State:</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,616</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,718</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,004</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">163</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(507</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">162</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,779</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,211</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,166</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 3em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign:</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">68</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(36</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">68</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(36</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,526</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,582</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">29,963</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant components of the Company’s deferred tax assets, net consisted of the following (in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Deferred Tax Assets:</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued expenses and bonuses</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,078</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,481</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bad debt and other reserves</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,889</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,744</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,536</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,346</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease ROU assets, net</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21,125</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21,761</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stock-based compensation</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,403</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,847</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net operating and capital loss carryforwards</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,932</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,612</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State taxes</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(163</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">139</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortizable intangibles and other</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,070</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">328</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred tax assets before valuation allowance</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">53,870</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">52,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation allowance</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4,418</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3,921</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Assets</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,452</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">48,337</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Deferred Tax Liabilities:</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed assets</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(6,814</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4,422</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(19,357</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(20,117</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prepaid expenses</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(533</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(940</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other comprehensive income</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(800</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(552</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill and other</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(574</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(184</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Liabilities</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(28,078</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(26,215</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Assets, Net</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">21,374</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,122</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">As of December 31, 2020, and 2019, the Company had state and Canadian net operating loss carryforwards of approximately $15.4 million and $14.0 million, respectively, principally all of which will begin to expire in 2033. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A valuation allowance is required when it is more-likely-than not that all or a portion of a deferred tax asset will not be realized. Realization of a deferred tax asset is dependent upon taxable income in prior carryback years, estimates of future taxable income, tax planning strategies and reversals of existing taxable temporary differences. The Company determined that as of December 31, 2020 and 2019, $4.4 million and $3.9 million, respectively, of the deferred tax assets related to state and Canadian losses do not satisfy the recognition criteria. The Company has therefore recorded a valuation allowance for this amount. The valuation allowance for deferred tax assets was increased by $497,000, $1.4 million and $677,000 during 2020, 2019 and 2018, respectively. The increases are primarily related to the Company’s Canadian operations. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The provision for income taxes differs from the amount computed by applying the statutory federal corporate income tax rate to income before provision for income taxes and consisted of the following (dollars in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 55%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td style="width: 2%;"/>
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<td style="vertical-align: bottom;"/>
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<td style="vertical-align: bottom;"/>
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<td/>
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<td style="vertical-align: bottom;;width:3%;"/>
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<td/>
<td style="vertical-align: bottom;;width:2%;"/>
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<td style="vertical-align: bottom;;width:3%;"/>
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<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="22" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income tax expense at the federal statutory rate</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">12,466</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,578</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,616</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State income tax expense, net of federal benefit</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,983</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,698</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5.3</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,550</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.9</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Windfall tax benefits, net related to stock-based compensation</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">240</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.4</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(196</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(0.2</td>
<td style="vertical-align: bottom; white-space: nowrap;">)% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1,535</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1.3</td>
<td style="vertical-align: bottom; white-space: nowrap;">)% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in valuation allowance</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">497</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.8</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,351</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.3</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">677</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.6</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Permanent and other items<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">340</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.6</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,151</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,655</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.4</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,526</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27.8</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,582</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">28.4</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">29,963</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">25.6</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Permanent items relate principally to compensation charges, qualified transportation fringe benefits, reversal of uncertain tax positions and meals and entertainment. </div></div> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reconciliation of the beginning and ending amounts of unrecognized tax benefits consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto;border: 0px currentcolor;width: 84%;font-family: "Times New Roman";font-size: 10pt;border-collapse: collapse;border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">775</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross increase (decrease) as a result of positions taken:</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prior periods</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current period</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Settlement with tax authorities</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expiration of applicable statutes of limitation</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(720</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(471</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">55</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">775</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">It is reasonably possible that the unrecognized tax benefits balance may decrease by $55,000 during the next 12 months due to the expiration of the statute of limitations. During the years ended December 31, 2020 and 2019, penalties of $13,000 and $136,000, respectively, were recorded relating to unrecognized tax benefits.</div></div> <div style="font-size: 8pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 8pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="text-indent: 4%;font-family: Times New Roman;font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company is subject to tax in various jurisdictions and, as a matter of ordinary course, the Company may be subject to income tax examinations by the federal, state and foreign taxing authorities for the tax years 2016 to 2020.<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>The Company is not currently under income tax examination by any taxing authority. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The Company has not provided for U.S. taxes on unremitted earnings of its foreign subsidiary as this subsidiary is operating at a loss and has no earnings and profits to remit. As a result, deferred taxes were not provided related to the cumulative translation adjustments. </div></div>
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The components of income from continuing operations before provision for income taxes consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 62%;"/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 5%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">United States</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">62,206</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">112,425</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">119,446</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2,842</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4,913</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2,226</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">59,364</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">107,512</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">117,220</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table>
62206000
112425000
119446000
-2842000
-4913000
-2226000
59364000
107512000
117220000
<div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The provision for income taxes consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 84%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 67%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Federal:</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">12,437</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,638</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,101</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">310</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">665</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(268</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,747</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,303</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,833</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 3em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State:</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,616</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,718</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,004</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">163</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(507</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">162</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,779</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,211</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,166</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 3em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Foreign:</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em;font-family: "Times New Roman";font-size: 10pt;margin-top: 0pt;margin-bottom: 0pt;margin-left: 5em;line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">68</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(36</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">68</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(36</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,526</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,582</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">29,963</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table>
12437000
22638000
24101000
310000
665000
-268000
12747000
23303000
23833000
3616000
7718000
6004000
163000
-507000
162000
3779000
7211000
6166000
0
0
0
0
68000
-36000
0
68000
-36000
16526000
30582000
29963000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Significant components of the Company’s deferred tax assets, net consisted of the following (in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 76%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 6%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Deferred Tax Assets:</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Accrued expenses and bonuses</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">3,078</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2,481</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Bad debt and other reserves</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,889</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,744</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred compensation</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">12,536</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,346</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease ROU assets, net</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21,125</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21,761</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Stock-based compensation</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,403</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">7,847</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net operating and capital loss carryforwards</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,932</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3,612</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State taxes</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(163</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">139</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Amortizable intangibles and other</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,070</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">328</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred tax assets before valuation allowance</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">53,870</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">52,258</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Valuation allowance</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4,418</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(3,921</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Assets</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">49,452</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">48,337</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Deferred Tax Liabilities:</div></div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Fixed assets</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(6,814</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(4,422</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating lease liabilities</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(19,357</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(20,117</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prepaid expenses</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(533</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(940</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other comprehensive income</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(800</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(552</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Goodwill and other</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(574</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(184</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Liabilities</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(28,078</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(26,215</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deferred Tax Assets, Net</div></div> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">21,374</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,122</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table>
3078000
2481000
4889000
2744000
12536000
13346000
21125000
21761000
7403000
7847000
3932000
3612000
-163000
139000
1070000
328000
53870000
52258000
4418000
3921000
49452000
48337000
6814000
4422000
19357000
20117000
533000
940000
800000
552000
574000
184000
28078000
26215000
21374000
22122000
15400000
14000000.0
2033
4400000
3900000
497000
1400000
677000
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">The provision for income taxes differs from the amount computed by applying the statutory federal corporate income tax rate to income before provision for income taxes and consisted of the following (dollars in thousands):</div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 92%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 55%;"/>
<td style="width: 2%; vertical-align: bottom;"/>
<td style="width: 2%;"/>
<td/>
<td/>
<td style="vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="vertical-align: bottom;;width:3%;"/>
<td/>
<td/>
<td/>
<td style="vertical-align: bottom;;width:2%;"/>
<td/>
<td/>
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<td style="vertical-align: bottom;;width:3%;"/>
<td/>
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<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="22" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Amount</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Rate</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Income tax expense at the federal statutory rate</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">12,466</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">22,578</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">24,616</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">State income tax expense, net of federal benefit</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">2,983</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5,698</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">5.3</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">4,550</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3.9</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Windfall tax benefits, net related to stock-based compensation</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">240</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.4</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(196</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(0.2</td>
<td style="vertical-align: bottom; white-space: nowrap;">)% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1,535</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(1.3</td>
<td style="vertical-align: bottom; white-space: nowrap;">)% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Change in valuation allowance</div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">497</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.8</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,351</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.3</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">677</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.6</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 55%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Permanent and other items<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">340</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">0.6</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,151</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.0</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,655</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1.4</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">16,526</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27.8</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">30,582</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">28.4</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">29,963</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">25.6</td>
<td style="vertical-align: bottom; white-space: nowrap;">% </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 55%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> </td>
<td style="vertical-align: bottom; width: 2%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:2%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom;;width:3%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div> </td>
<td style="vertical-align: top;;text-align:left;"> <div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Permanent items relate principally to compensation charges, qualified transportation fringe benefits, reversal of uncertain tax positions and meals and entertainment. </div></div> </td> </tr> </table>
12466000
0.210
22578000
0.210
24616000
0.210
2983000
0.050
5698000
0.053
4550000
0.039
240000
0.004
-196000
-0.002
-1535000
-0.013
497000
0.008
1351000
0.013
677000
0.006
340000
0.006
1151000
0.010
1655000
0.014
16526000
0.278
30582000
0.284
29963000
0.256
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">A reconciliation of the beginning and ending amounts of unrecognized tax benefits consisted of the following (in thousands): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto;border: 0px currentcolor;width: 84%;font-family: "Times New Roman";font-size: 10pt;border-collapse: collapse;border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 72%;"/>
<td style="width: 4%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 4%; vertical-align: bottom;"/>
<td/>
<td/>
<td/> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Beginning balance</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">775</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Gross increase (decrease) as a result of positions taken:</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Prior periods</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">1,246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Current period</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Settlement with tax authorities</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Expiration of applicable statutes of limitation</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">(720</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(471</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 72%;"> <div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Ending balance</div></div> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">55</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">775</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1,246</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td> </tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 72%;"> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td>
<td style="vertical-align: bottom; width: 4%;"> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td style="vertical-align: bottom;"> <div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div> </td>
<td> </td> </tr> </table>
775000
1246000
0
0
0
1246000
0
0
0
0
0
0
720000
471000
0
55000
775000
1246000
55000
13000
136000
2016
2020
The Company is not currently under income tax examination by any taxing authority.
0
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">14.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Retirement Plans </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company has its own defined contribution plan </div> (the “Marcus & Millichap, Inc. 401(k) Plan”) under Section 401(k) of the Internal Revenue Code for all eligible employees who<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>have completed one month of service. The contribution plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended. Participants may contribute up to 100% of their annual eligible compensation, subject to IRS limitations and ERISA. The Company matches employees’ contributions each pay period, dollar for dollar, up to a maximum of $4,000. Employees become vested in these Company contributions 33% upon one year of service, 66% upon two years of service and 100% upon three years of service. The Company suspended matching contributions effective as of the May 15, 2020 pay date, until further notice. Company matching contributions aggregated $1.0 million, $1.1 million and $920,000 for the years ended December 31, 2020, 2019 and 2018, respectively, which is included in selling, general and administrative expense in the consolidated statements of net and comprehensive income. </div></div>
have completed one month of service.
1
4000
0.33
0.66
1
2020-05-15
1000000.0
1100000
920000
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="display:inline;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">15.</div></div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Earnings per Share </div></div></div></div></td></tr></table><div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018 consisted of the following (in thousands, except per share data): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto;border: 0px currentcolor;width: 92%;font-family: "Times New Roman";font-size: 10pt;border-collapse: collapse;border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 70%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Numerator (Basic and Diluted):</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">42,838</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">76,930</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">87,257</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase in value for stock settled consideration, net</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">42,835</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">76,930</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">87,257</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Denominator:</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Basic</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Issued and Outstanding</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,318</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,083</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">38,637</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deduct: Unvested RSAs<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(18</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(21</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(30</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Add: Fully vested DSUs<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (2)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">342</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">342</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">542</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Outstanding</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,642</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,404</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,149</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per common share</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.08</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.95</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2.23</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Diluted</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Outstanding from above</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,642</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,404</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,149</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Add: Dilutive effect of RSUs, RSAs & ESPP</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">67</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">144</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">234</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Add: Contingently issuable shares<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (3)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Outstanding</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,735</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,548</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,383</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted earnings per common share</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.08</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.95</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2.22</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Antidilutive shares excluded from diluted earnings per common share <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(4)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">684</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">348</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">137</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">RSAs were issued and outstanding to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors and generally have a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17894621">one</span>-year</div> vesting term subject to service requirements. See Note 12 – “Stock-Based Compensation Plans” for additional information. </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 12 – “Stock-Based Compensation Plans” for additional information. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(3)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Relates to contingently issuable stock settled consideration. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(4)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Primarily pertaining to RSU grants to the Company’s employees and independent contractors. </div></div></td></tr></table>
<div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic and diluted earnings per share for the years ended December 31, 2020, 2019 and 2018 consisted of the following (in thousands, except per share data): </div></div> <div style="font-size: 12pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 12pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto;border: 0px currentcolor;width: 92%;font-family: "Times New Roman";font-size: 10pt;border-collapse: collapse;border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 70%;"/>
<td style="width: 3%; vertical-align: bottom;"/>
<td style="width: 0%;"/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 3%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="10" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Years Ended December 31,</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2018</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Numerator (Basic and Diluted):</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">42,838</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">76,930</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">87,257</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Increase in value for stock settled consideration, net</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">3</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Adjusted net income</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">42,835</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">76,930</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">87,257</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Denominator:</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Basic</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Issued and Outstanding</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,318</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,083</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">38,637</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Deduct: Unvested RSAs<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (1)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(18</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(21</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(30</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Add: Fully vested DSUs<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (2)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">342</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">342</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">542</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Outstanding</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,642</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,404</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,149</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic earnings per common share</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.08</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.95</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2.23</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Diluted</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 0%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Outstanding from above</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,642</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,404</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,149</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Add: Dilutive effect of RSUs, RSAs & ESPP</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">67</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">144</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">234</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Add: Contingently issuable shares<div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px"> (3)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 1px solid rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Weighted Average Common Shares Outstanding</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,735</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,548</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">39,383</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted earnings per common share</div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.08</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">1.95</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">2.22</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top; width: 70%;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 1em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Antidilutive shares excluded from diluted earnings per common share <div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(4)</div></div></div></td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"> </td>
<td style="vertical-align: bottom;;text-align:right;">684</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">348</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">137</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-size: 1px;">
<td style="vertical-align: bottom; font-family: "Times New Roman"; width: 70%;"> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom; width: 0%;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td>
<td style="vertical-align: bottom; width: 3%;"> </td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td style="vertical-align: bottom;"><div style="margin-top: 0px; margin-bottom: 0px; border-top: 3px double rgb(0, 0, 0); line-height: normal;"> </div></td>
<td> </td></tr></table> <div style="font-size: 6pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 6pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(1)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;">RSAs were issued and outstanding to the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-employee</div> directors and generally have a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><span style="-sec-ix-hidden:hidden17894621">one</span>-year</div> vesting term subject to service requirements. See Note 12 – “Stock-Based Compensation Plans” for additional information. </div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(2)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Shares are included in weighted average common shares outstanding as the shares are fully vested but have not yet been delivered. See Note 12 – “Stock-Based Compensation Plans” for additional information. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(3)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Relates to contingently issuable stock settled consideration. </div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="font-size: 85%; vertical-align: top;;display:inline;;font-size:9.4px">(4)</div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Primarily pertaining to RSU grants to the Company’s employees and independent contractors. </div></div></td></tr></table>
42838000
76930000
87257000
3000
0
0
42835000
76930000
87257000
39318000
39083000
38637000
18000
21000
30000
342000
342000
542000
39642000
39404000
39149000
1.08
1.95
2.23
39642000
39404000
39149000
67000
144000
234000
26000
0
0
39735000
39548000
39383000
1.08
1.95
2.22
684000
348000
137000
<div style="font-size: 18pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-size: 18pt; letter-spacing: 0px; top: 0px;;display:inline;"> </div></div>
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">16.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Commitments and Contingencies </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Credit Agreement</div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">On<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>June 18, 2014, the Company entered into a Credit Agreement with Wells Fargo Bank, National Association (the “Bank”), as amended and restated on May 28, 2019, and further, amended on November 27, 2019 and on <div style="letter-spacing: 0px; top: 0px;;display:inline;">February 9, 2021</div> (the “Credit Agreement”). The Credit Agreement provides for a $60.0 million principal amount senior secured revolving credit facility that is guaranteed by all of the Company’s domestic subsidiaries (the “Credit Facility”) and matures on June 1, 2022. <div style="letter-spacing: 0px; top: 0px;;display:inline;">The Company may borrow, repay and reborrow amounts under the Credit Facility until its maturity date, at which time all amounts outstanding under the Credit</div></div></div><div style="font-family: Times New Roman; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Facility must be repaid in full. Upon the expiration of the use of the LIBOR as a benchmark, the benchmark will be replaced with the SOFR plus a spread adjustment. </div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">Borrowings under the Credit Agreement are available for general corporate purposes and working capital. The Credit Facility includes a $10.0 million sublimit for the issuance of standby letters of credit of which $533,000 was utilized at December 31, 2020. Borrowings under the Credit Facility will bear interest, at the Company’s option, at either (i) a fluctuating rate per annum 2.00% below the Base Rate (defined as the highest of (a) the Bank’s prime rate, <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">(b) <span style="-sec-ix-hidden:hidden17894294">one</span>-month</div> LIBOR plus 1.50%, and (c) the federal funds rate plus 1.50%), or (ii) at a fixed rate per annum determined by Bank to be between 0.875% to 1.125% above LIBOR. In connection with the amendments of the Credit Agreement, the Company paid bank fees and other expenses, which are being amortized over the remaining term of the Credit Agreement. The Company pays a commitment fee of up to 0.1% per annum, payable quarterly, based on the amount of unutilized commitments under the Credit Facility. The amortization and commitment fee is included in interest expense in the accompanying consolidated statements of net and comprehensive income and was $93,000, $94,000 and $104,000 during the years ended December 31, 2020, 2019 and 2018, respectively. As of December 31, 2020, there were no amounts outstanding under the Credit Agreement. </div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 12pt; margin-bottom: 0pt;">The Credit Facility contains customary covenants, including financial and other covenant reporting requirements and events of default. Financial covenants require the Company, on a combined basis with its guarantors, to maintain<div style="letter-spacing: 0px; top: 0px;;display:inline;"> </div>(i) an EBITDAR Coverage Ratio (as defined in the Credit Agreement) of not less than 1.25:1.0 as of each quarter end, determined on a rolling four-quarter basis, and (ii) total funded debt to EBITDA not greater than 1.5:1.0 as of each quarter end, determined on a rolling four-quarter basis, and also limits investments in foreign entities and certain other loans. The Credit Facility is secured by substantially all assets of the Company, including pledges of 100% of the stock or other equity interest of each subsidiary except for the capital stock of a controlled foreign corporation (as defined in the Internal Revenue Code), in which case no such pledge is required. As of December 31, 2020, the Company was in compliance with all financial and <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">non-financial</div> covenants and has not experienced any limitation in its operations as a result of the covenants. </div> <div style="font-family: "Times New Roman"; font-size: 10pt; margin-top: 18pt; margin-bottom: 0pt;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Other </div></div></div> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">In connection with certain agreements with investment sales and financing professionals, the Company may agree to advance amounts to certain investment sales and financing professionals upon reaching certain time and performance goals. Such commitments as of December 31, 2020 aggregated $21.2 million. </div></div>
2014-06-18
2019-05-28
2019-11-27
2021-02-09
60000000.0
2022-06-01
The Credit Facility includes a $10.0 million sublimit for the issuance of standby letters of credit of which $533,000 was utilized at December 31, 2020. Borrowings under the Credit Facility will bear interest, at the Company’s option, at either (i) a fluctuating rate per annum 2.00% below the Base Rate (defined as the highest of (a) the Bank’s prime rate, (b) one-month LIBOR plus 1.50%, and (c) the federal funds rate plus 1.50%), or (ii) at a fixed rate per annum determined by Bank to be between 0.875% to 1.125% above LIBOR.
10000000.0
533000
0.0200
0.0150
0.0150
0.00875
0.01125
0.001
93000
94000
104000
0
(i) an EBITDAR Coverage Ratio (as defined in the Credit Agreement) of not less than 1.25:1.0 as of each quarter end, determined on a rolling four-quarter basis, and (ii) total funded debt to EBITDA not greater than 1.5:1.0 as of each quarter end, determined on a rolling four-quarter basis, and also limits investments in foreign entities and certain other loans.
0.0125
1.5:1
1
As of December 31, 2020, the Company was in compliance with all financial and non-financial covenants and has not experienced any limitation in its operations as a result of the covenants.
21200000
<table cellpadding="0" cellspacing="0" style="border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="page-break-inside: avoid;">
<td style="width: 4%; vertical-align: top;;text-align:left;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">17.</div></div></td>
<td style="vertical-align: top;;text-align:left;"><div style="text-align: left; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; line-height: normal;"><div style="font-weight:bold;display:inline;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Selected Quarterly Financial Data (Unaudited) </div></div></div></td></tr></table> <div style="clear: both; max-height: 0px; background: none;"/> <div style="text-indent: 4%; font-family: Times New Roman; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;">The Company’s real estate brokerage commissions and financing fees are seasonal, which can affect an investor’s ability to compare the Company’s financial condition and results of operation on a <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;;display:inline;">quarter-by-quarter</div></div> basis. Historically, this seasonality has caused the Company’s revenue, operating income, net income and cash flows from operating activities to be lower in the first half of the year and higher in the second half of the year, particularly in the fourth quarter. These concentrations are due to an industry-wide focus of clients to complete transactions towards the end of the calendar year. In addition, the Company’s gross margins are typically lower during the second half of each year due to its commission structure for some of its senior investment sales and financing professionals. These senior investment sales and financing professionals are on a graduated commission schedule whose commission rates generally increase as they meet certain production thresholds. </div>
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<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="30" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Three Months Ended</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dec. 31</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sep. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Jun. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mar. 31</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dec. 31</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sep. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Jun. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mar. 31</div></div></td>
<td style="vertical-align: bottom;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom;;text-align:center;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Consolidated Financial<br/>Statement Data:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td colspan="30" style="vertical-align: top;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(in thousands, except per share data)</div></div></td>
<td style="vertical-align: bottom;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">250,214</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,575</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">117,400</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">190,717</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">237,908</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">198,220</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">209,593</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">160,707</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cost of services</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">160,672</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">99,707</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">73,743</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">113,757</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">155,196</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">124,147</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">127,847</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">91,688</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating income (loss)</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30,052</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,540</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2,614</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">19,636</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27,104</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">24,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,978</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,269</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,622</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,040</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">106</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,070</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">20,721</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">19,292</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21,279</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">15,638</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Earnings per share:</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.59</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.15</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.33</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.53</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.49</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.54</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.40</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.59</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.15</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.33</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.52</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.49</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.54</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.40</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr></table>
<table cellpadding="0" cellspacing="0" style="margin: 0px auto; border: 0px currentcolor; width: 100%; font-family: "Times New Roman"; font-size: 10pt; border-collapse: collapse; border-spacing: 0px;">
<tr style="font-size: 0px;">
<td style="width: 36%;"/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/>
<td style="width: 1%; vertical-align: bottom;"/>
<td/>
<td/>
<td/></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="30" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Three Months Ended</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dec. 31</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sep. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Jun. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mar. 31</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Dec. 31</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Sep. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Jun. 30</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td colspan="2" style="vertical-align: bottom;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">Mar. 31</div></div></td>
<td style="vertical-align: bottom;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2020</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom-color: rgb(0, 0, 0); border-bottom-width: 1pt; border-bottom-style: solid;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">2019</div></div></td>
<td style="vertical-align: bottom; padding-bottom: 1pt;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 8pt; page-break-inside: avoid;">
<td style="vertical-align: bottom;;text-align:center;"><div style="font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-style:italic;display:inline;">Consolidated Financial<br/>Statement Data:</div></div></div></td>
<td style="vertical-align: bottom;"> </td>
<td colspan="30" style="vertical-align: top;;text-align:center;"><div style="letter-spacing: 0px; top: 0px;;display:inline;"><div style="font-weight:bold;display:inline;">(in thousands, except per share data)</div></div></td>
<td style="vertical-align: bottom;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Total revenues</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">250,214</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">158,575</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">117,400</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">190,717</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">237,908</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">198,220</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">209,593</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">160,707</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Cost of services</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">160,672</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">99,707</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">73,743</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">113,757</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">155,196</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">124,147</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">127,847</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">91,688</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Operating income (loss)</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">30,052</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,540</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">(2,614</td>
<td style="vertical-align: bottom; white-space: nowrap;">) </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">19,636</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">27,104</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">24,072</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">26,978</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">18,269</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Net income</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">23,622</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">6,040</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">106</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">13,070</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">20,721</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">19,292</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">21,279</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;;text-align:right;">15,638</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 3em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Earnings per share:</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td>
<td style="vertical-align: bottom; font-family: "Times New Roman";"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid;">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Basic</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.59</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.15</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.33</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.53</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.49</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.54</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.40</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr>
<tr style="font-family: Times New Roman; font-size: 10pt; page-break-inside: avoid; background-color: rgb(204, 238, 255);">
<td style="vertical-align: top;"><div style="text-indent: -1em; font-family: "Times New Roman"; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 5em; line-height: normal;"><div style="font-family: "Times New Roman"; font-size: 10pt; letter-spacing: 0px; top: 0px;;display:inline;">Diluted</div></div></td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.59</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.15</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom; white-space: nowrap;">$</td>
<td style="vertical-align: bottom; white-space: nowrap;;text-align:right;">— </td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.33</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.52</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.49</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.54</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td>
<td style="vertical-align: bottom;"> </td>
<td style="vertical-align: bottom;">$</td>
<td style="vertical-align: bottom;;text-align:right;">0.40</td>
<td style="vertical-align: bottom; white-space: nowrap;"> </td></tr></table>
250214000
158575000
117400000
190717000
237908000
198220000
209593000
160707000
160672000
99707000
73743000
113757000
155196000
124147000
127847000
91688000
30052000
6540000
-2614000
19636000
27104000
24072000
26978000
18269000
23622000
6040000
106000
13070000
20721000
19292000
21279000
15638000
0.59
0.15
0
0.33
0.53
0.49
0.54
0.40
0.59
0.15
0
0.33
0.52
0.49
0.54
0.40
Reclassification from other assets current.