0001193125-23-201123.txt : 20230802 0001193125-23-201123.hdr.sgml : 20230802 20230802070727 ACCESSION NUMBER: 0001193125-23-201123 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20230802 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20230802 DATE AS OF CHANGE: 20230802 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NOW Inc. CENTRAL INDEX KEY: 0001599617 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 464191184 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36325 FILM NUMBER: 231133707 BUSINESS ADDRESS: STREET 1: 7402 NORTH ELDRIDGE PARKWAY CITY: HOUSTON STATE: TX ZIP: 77041 BUSINESS PHONE: 281-823-4700 MAIL ADDRESS: STREET 1: 7402 NORTH ELDRIDGE PARKWAY CITY: HOUSTON STATE: TX ZIP: 77041 8-K 1 d536178d8k.htm 8-K 8-K
false 0001599617 0001599617 2023-08-02 2023-08-02

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) August 2, 2023

 

 

NOW INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-36325   46-4191184

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

7402 North Eldridge Parkway

Houston, Texas

   77041
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: 281-823-4700

 

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Common Stock, par value $0.01   DNOW   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

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

 

 

 

Item 2.02 Results of Operations and Financial Condition

On August 2, 2023, NOW Inc. issued a press release announcing earnings for the quarter ended June 30, 2023 and conference call in connection therewith. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information contained in this Current Report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibit is provided as part of the information furnished under Item 2.02 of this Current Report on Form 8-K:

 

99.1    NOW Inc. press release dated August 2, 2023 announcing the earnings results for the second quarter ended June 30, 2023.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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

 

Date: August 2, 2023       NOW INC.
     

/s/ Raymond W. Chang

     

Raymond W. Chang

Vice President & General Counsel

 EX-99.1 2 d536178dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO   

Earnings Conference Call

August 2, 2023

8:00 a.m. CT

1 (888) 660-6431 (within North America)

1 (929) 203-2118 (outside of North America)

Access Code: 7372055

Webcast: ir.dnow.com

NOW Inc. Reports Second Quarter 2023 Results

HOUSTON, TX, August 2, 2023 - NOW Inc. (NYSE: DNOW) announced results for the second quarter ended June 30, 2023.

Second Quarter 2023 Financial Highlights

 

  •  

Revenue was $594 million for the second quarter of 2023

 

  •  

Net income attributable to NOW Inc. was $34 million and non-GAAP net income attributable to NOW Inc. excluding other costs was $27 million for the second quarter of 2023

 

  •  

Diluted earnings per share attributable to NOW Inc. stockholders was $0.31 and non-GAAP diluted earnings per share attributable to NOW Inc. stockholders excluding other costs was $0.25 for the second quarter of 2023

 

  •  

EBITDA excluding other costs for the second quarter of 2023 was $47 million or 7.9% of revenue

 

  •  

Free cash flow for the second quarter of 2023 was $79 million

 

  •  

Cash and cash equivalents was $203 million and long-term debt was zero at June 30, 2023 with total liquidity of approximately $584 million

 

  •  

As announced in May, we completed two acquisitions for $33 million in cash, expanding our manufacturer territorial exclusivities for key products

 

  •  

Repurchased $8 million of common stock in the second quarter of 2023

David Cherechinsky, President and CEO of NOW Inc., added, “I am proud of our DNOW team as strong performance continued in the second quarter, generating $47 million in EBITDA and resulting in our most profitable first half of a year since being a public company. In the second quarter we produced strong free cash flow of $79 million, completed two acquisitions and recorded an impressive 22% year-over-year growth in our international segment.

Looking ahead, I am excited about the traction we are making positioning DNOW as a vital energy evolution partner, deploying our full suite of supply chain management services and decarbonization products and technologies, including our EcoVapor offering, to provide our customers the innovative emissions management solutions necessary to achieve their sustainability goals.

We are focused on executing our strategy and creating shareholder value by growing market share, leveraging our debt-free balance sheet with $584 million of total liquidity, pursuing margin accretive acquisitions and continuing our share repurchase program.”

Prior to the earnings conference call a presentation titled “NOW Inc. Second Quarter 2023 Key Takeaways” will be available on the Company’s Investor Relations website.

About NOW Inc.

DistributionNOW is a worldwide supplier of energy and industrial products and packaged, engineered process and production equipment with a legacy of 160 years. Headquartered in Houston, Texas, with approximately 2,475 employees and a network of locations worldwide, we offer a broad set of supply chain solutions combined with a suite of digital solutions branded as DigitalNOW® that provide customers world-class technology for digital commerce, data and information management. Our locations provide products and solutions to exploration and production companies, midstream transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers, engineering and construction companies as well as companies operating in the decarbonization, energy transition and renewables end markets.

Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by NOW Inc. with the U.S. Securities and Exchange Commission, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.

Contact:

Mark Johnson

Senior Vice President and Chief Financial Officer

(281) 823-4754

NOW INC.

CONSOLIDATED BALANCE SHEETS

(In millions, except share data)

 

     June 30,
2023		     December 31,
2022		  

ASSETS

     

Current assets:

     

Cash and cash equivalents

    $ 203     $ 212  

Receivables, net

      417       398  

Inventories, net

      424       381  

Prepaid and other current assets

      31       26  
  

 

 

    

 

 

  

Total current assets

      1,075       1,017  

Property, plant and equipment, net

      130       119  

Goodwill

      141       116  

Intangibles, net

      31       25  

Other assets

      43       43  
  

 

 

    

 

 

  

Total assets

    $ 1,420     $ 1,320  
  

 

 

    

 

 

  

LIABILITIES AND STOCKHOLDERS’ EQUITY

     

Current liabilities:

     

Accounts payable

    $ 364     $ 304  

Accrued liabilities

      129       126  

Other current liabilities

      8       9  
  

 

 

    

 

 

  

Total current liabilities

      501       439  

Long-term operating lease liabilities

      26       25  

Deferred income taxes

      1       1  

Other long-term liabilities

      15       11  
  

 

 

    

 

 

  

Total liabilities

      543       476  

Commitments and contingencies

     

Stockholders’ equity:

     

Preferred stock - par value $0.01; 20 million shares authorized; no shares issued and outstanding

      —         —    

Common stock - par value $0.01; 330 million shares authorized; 106,716,052 and 110,369,266 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively

      1       1  

Additional paid-in capital

      2,029       2,066  

Accumulated deficit

      (1,010 )      (1,075 ) 

Accumulated other comprehensive loss

      (146 )      (150 ) 
  

 

 

    

 

 

  

NOW Inc. stockholders’ equity

      874       842  

Noncontrolling interest

      3       2  
  

 

 

    

 

 

  

Total stockholders’ equity

      877       844  
  

 

 

    

 

 

  

Total liabilities and stockholders’ equity

    $ 1,420     $ 1,320  
  

 

 

    

 

 

  

 

2

NOW INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(In millions, except per share data)

 

     Three Months Ended      Six Months Ended  
     June 30,     March 31,      June 30,  
     2023     2022     2023      2023     2022  

Revenue

    $ 594     $ 539     $ 584      $ 1,178     $ 1,012  

Operating expenses:

            

Cost of products

      460       411       447        907       777  

Warehousing, selling and administrative

      98       89       102        200       173  

Impairment and other charges

      —         10       —          —         10  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Operating profit

      36       29       35        71       52  

Other income (expense)

      (1 )      (1 )      —          (1 )      9  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Income before income taxes

      35       28       35        70       61  

Income tax provision

      1       2       3        4       5  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net income

      34       26       32        66       56  

Net income attributable to noncontrolling interest

      —         —         1        1       —    
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Net income attributable to NOW Inc.

    $ 34     $ 26     $ 31      $ 65     $ 56  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Earnings per share attributable to NOW Inc. stockholders:

            

Basic

    $ 0.31     $ 0.23     $ 0.28      $ 0.59     $ 0.50  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Diluted

    $ 0.31     $ 0.23     $ 0.28      $ 0.59     $ 0.50  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Weighted-average common shares outstanding, basic

      107       111       110        108       111  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

Weighted-average common shares outstanding, diluted

      108       111       111        109       111  
  

 

 

    

 

 

    

 

 

     

 

 

    

 

 

  

NOW INC.

SUPPLEMENTAL INFORMATION

BUSINESS SEGMENTS (UNAUDITED)

(In millions)

 

     Three Months Ended      Six Months Ended  
     June 30,      March 31,      June 30,  
     2023      2022      2023      2023      2022  

Revenue:

               

United States

    $ 456      $ 408      $ 427      $ 883      $ 742  

Canada

      66        72        83        149        154  

International

      72        59        74        146        116  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total revenue

    $ 594      $ 539      $ 584      $ 1,178      $ 1,012  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

 

3

NOW INC.

SUPPLEMENTAL INFORMATION (CONTINUED)

U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP) TO NON-GAAP RECONCILIATIONS

NET INCOME ATTRIBUTABLE TO NOW INC. TO NON-GAAP EBITDA EXCLUDING OTHER COSTS

RECONCILIATION (UNAUDITED)

(In millions)

 

     Three Months Ended     Six Months Ended  
     June 30,     March 31,     June 30,  
     2023     2022     2023     2023     2022  

GAAP net income attributable to NOW Inc. (1)

   $ 34     $ 26     $ 31     $ 65     $ 56  

Net income attributable to noncontrolling interest (2)

     —         —         1       1       —    

Interest expense (income), net

      —         —         (1 )      (1 )      —    

Income tax provision

      1       2       3       4       5  

Depreciation and amortization

      6       5       6       12       9  

Other costs:

           

Stock-based compensation

      4       2       3       7       4  

Other (3)

     2       12       4       6       1  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

EBITDA excluding other costs

    $ 47     $ 47     $ 47     $ 94     $ 75  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

EBITDA % excluding other costs (4)

     7.9 %      8.7 %      8.0 %      8.0 %      7.4 % 

NET INCOME ATTRIBUTABLE TO NOW INC. TO NON-GAAP NET INCOME ATTRIBUTABLE TO NOW INC.

EXCLUDING OTHER COSTS RECONCILIATION (UNAUDITED)

(In millions)

 

     Three Months Ended     Six Months Ended  
     June 30,      March 31,     June 30,  
     2023     2022      2023     2023     2022  

GAAP net income attributable to NOW Inc. (1)

   $ 34     $ 26      $ 31     $ 65     $ 56  

Other, net of tax (5) (6)

      (7 )      3        (3 )      (10 )      (12 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Net income attributable to NOW Inc. excluding other costs (6)

   $ 27     $ 29      $ 28     $ 55     $ 44  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO NOW INC. STOCKHOLDERS TO NON-GAAP DILUTED

EARNINGS PER SHARE ATTRIBUTABLE TO NOW INC. STOCKHOLDERS EXCLUDING OTHER COSTS

RECONCILIATION (UNAUDITED)

 

     Three Months Ended     Six Months Ended  
     June 30,      March 31,     June 30,  
     2023     2022      2023     2023     2022  

GAAP diluted earnings per share attributable to NOW Inc. stockholders (1)

   $ 0.31     $ 0.23      $ 0.28     $ 0.59     $ 0.50  

Other, net of tax (5) (6)

      (0.06 )      0.03        (0.03 )      (0.09 )      (0.11 ) 
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

Diluted earnings per share attributable to NOW Inc. stockholders excluding other costs (6)

   $ 0.25     $ 0.26      $ 0.25     $ 0.50     $ 0.39  
  

 

 

    

 

 

     

 

 

    

 

 

    

 

 

  

 

(1)

In an effort to provide investors with additional information regarding our results as determined by GAAP, we disclose various non-GAAP financial measures in our quarterly earnings press releases and other public disclosures. The non-GAAP financial measures include: (i) earnings before interest, taxes, depreciation and amortization (EBITDA) excluding other costs, (ii) net income attributable to NOW Inc. excluding other costs and (iii) diluted earnings per share attributable to NOW Inc. stockholders excluding other costs. Each of these financial measures excludes the impact of certain other costs and therefore has not been calculated in accordance with GAAP. A reconciliation of each of these non-GAAP financial measures to its most comparable GAAP financial measure is included in the schedules herein.

(2)

Net income attributable to noncontrolling interest represents the income retained by the noncontrolling party of a joint venture in our international segment which we consolidate into our financials as we are the primary beneficiary and controlling member.

 

4

(3)

For the three months ended June 30, 2023, Other of approximately $2 million, included in warehousing, selling and administrative, was related to separation and transaction-related charges. For the six months ended June 30, 2023, Other of approximately $6 million, included in warehousing, selling and administrative, was related to legal fees for litigation matters that were not ordinary or routine to the operations of the business where the Company is seeking damages, and separation and transaction-related charges.

For the three months ended June 30, 2022, Other primarily included approximately $10 million of impairment and other charges related to the reclassification of accumulated foreign currency translation losses due to the substantial liquidation of certain foreign subsidiaries, as well as, approximately $2 million in separation and transaction-related charges, which were included in operating profit. For the six months ended June 30, 2022, Other primarily included approximately $10 million of impairment and other charges discussed above, as well as, approximately $4 million in separation and transaction-related charges, partially offset by a benefit of approximately $13 million related to the decrease of contingent consideration liability, which was included in other income.

 

(4)

EBITDA % excluding other costs is defined as EBITDA excluding other costs divided by Revenue.

 

(5)

Other, net of tax includes certain income and expenses and does not include stock-based compensation expense.

For the three months ended June 30, 2023, Other, net of tax included a benefit of approximately $9 million from changes in the valuation allowance recorded against the Company’s deferred tax assets, partially offset by approximately $2 million related to separation and transaction-related charges. For the six months ended June 30, 2023, Other, net of tax included a benefit of approximately $16 million from changes in the valuation allowance recorded against the Company’s deferred tax assets, partially offset by approximately $6 million related to legal fees for litigation matters that were not ordinary or routine to the operations of the business where the Company is seeking damages, and separation and transaction-related charges. The Company has excluded the impact of these items on its valuation allowance in computing net income excluding other costs.

For the three months ended June 30, 2022, Other, net of tax included approximately $10 million of impairment and other charges related to the reclassification of accumulated foreign currency translation losses due to the substantial liquidation of certain foreign subsidiaries, as well as, approximately $2 million in separation and transaction-related charges, partially offset by a benefit of approximately $9 million from changes in the valuation allowance recorded against the Company’s deferred tax assets. For the six months ended June 30, 2022, Other, net of tax included a benefit of approximately $13 million from changes in the valuation allowance recorded against the Company’s deferred tax assets, as well as, a benefit of approximately $13 million related to the decrease of contingent consideration liability, partially offset by approximately $10 million of impairment and other charges discussed above, as well as, approximately $4 million in separation and transaction-related charges. The Company has excluded the impact of these items on its valuation allowance in computing net income (loss) excluding other costs.

 

(6)

Totals may not foot due to rounding.

 

5

EX-101.SCH 3 dnow-20230802.xsd XBRL TAXONOMY EXTENSION SCHEMA 100000 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink EX-101.LAB 4 dnow-20230802_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Cover [Abstract] Cover [Abstract] Amendment Flag Amendment Flag Entity Central Index Key Entity Central Index Key Document Type Document Type Document Period End Date Document Period End Date Entity Registrant Name Entity Registrant Name Entity Incorporation State Country Code Entity Incorporation State Country Code Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, City or Town Entity Address, City or Town Entity Address, State or Province Entity Address, State or Province Entity Address, Postal Zip Code Entity Address, Postal Zip Code City Area Code City Area Code Local Phone Number Local Phone Number Written Communications Written Communications Soliciting Material Soliciting Material Pre Commencement Tender Offer Pre Commencement Tender Offer Pre Commencement Issuer Tender Offer Pre Commencement Issuer Tender Offer Security 12b Title Security 12b Title Trading Symbol Trading Symbol Security Exchange Name Security Exchange Name Entity Emerging Growth Company Entity Emerging Growth Company EX-101.PRE 5 dnow-20230802_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 6 g536178g0801210417620.jpg GRAPHIC begin 644 g536178g0801210417620.jpg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v3.23.2
Document and Entity Information
Aug. 02, 2023
Cover [Abstract]  
Amendment Flag false
Entity Central Index Key 0001599617
Document Type 8-K
Document Period End Date Aug. 02, 2023
Entity Registrant Name NOW INC.
Entity Incorporation State Country Code DE
Entity File Number 001-36325
Entity Tax Identification Number 46-4191184
Entity Address, Address Line One 7402 North Eldridge Parkway
Entity Address, City or Town Houston
Entity Address, State or Province TX
Entity Address, Postal Zip Code 77041
City Area Code 281
Local Phone Number 823-4700
Written Communications false
Soliciting Material false
Pre Commencement Tender Offer false
Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, par value $0.01
Trading Symbol DNOW
Security Exchange Name NYSE
Entity Emerging Growth Company false
XML 8 d536178d8k_htm.xml IDEA: XBRL DOCUMENT 0001599617 2023-08-02 2023-08-02 false 0001599617 8-K 2023-08-02 NOW INC. DE 001-36325 46-4191184 7402 North Eldridge Parkway Houston TX 77041 281 823-4700 false false false false Common Stock, par value $0.01 DNOW NYSE false EXCEL 9 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

&PO M7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"% ,4 " #M. )799!YDAD! M #/ P $P @ &<$@ 6T-O;G1E;G1?5'EP97-=+GAM;%!+ 4!08 "0 ) #X" #F$P ! end XML 10 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 11 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 12 FilingSummary.xml IDEA: XBRL DOCUMENT 3.23.2 html 1 22 1 false 0 0 false 0 false false R1.htm 100000 - Document - Document and Entity Information Sheet http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false All Reports Book All Reports d536178d8k.htm d536178dex991.htm dnow-20230802.xsd dnow-20230802_lab.xml dnow-20230802_pre.xml http://xbrl.sec.gov/dei/2022 true false JSON 14 MetaLinks.json IDEA: XBRL DOCUMENT { "instance": { "d536178d8k.htm": { "axisCustom": 0, "axisStandard": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2022": 22 }, "contextCount": 1, "dts": { "inline": { "local": [ "d536178d8k.htm" ] }, "labelLink": { "local": [ "dnow-20230802_lab.xml" ] }, "presentationLink": { "local": [ "dnow-20230802_pre.xml" ] }, "schema": { "local": [ "dnow-20230802.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/dtr/type/nonNumeric-2009-12-16.xsd", "http://www.xbrl.org/dtr/type/numeric-2009-12-16.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://xbrl.sec.gov/dei/2022/dei-2022.xsd", "https://xbrl.sec.gov/naics/2022/naics-2022.xsd" ] } }, "elementCount": 23, "entityCount": 1, "hidden": { "http://xbrl.sec.gov/dei/2022": 2, "total": 2 }, "keyCustom": 0, "keyStandard": 22, "memberCustom": 0, "memberStandard": 0, "nsprefix": "dnow", "nsuri": "http://www.distributionnow.com/20230802", "report": { "R1": { "firstAnchor": { "ancestors": [ "span", "p", "div", "div", "body", "html" ], "baseRef": "d536178d8k.htm", "contextRef": "duration_2023-08-02_to_2023-08-02", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" }, "groupType": "document", "isDefault": "true", "longName": "100000 - Document - Document and Entity Information", "menuCat": "Cover", "order": "1", "role": "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation", "shortName": "Document and Entity Information", "subGroupType": "", "uniqueAnchor": { "ancestors": [ "span", "p", "div", "div", "body", "html" ], "baseRef": "d536178d8k.htm", "contextRef": "duration_2023-08-02_to_2023-08-02", "decimals": null, "first": true, "lang": "en-US", "name": "dei:DocumentType", "reportCount": 1, "unique": true, "unitRef": null, "xsiNil": "false" } } }, "segmentCount": 0, "tag": { "dei_AmendmentFlag": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.", "label": "Amendment Flag", "terseLabel": "Amendment Flag" } } }, "localname": "AmendmentFlag", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_CityAreaCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Area code of city", "label": "City Area Code", "terseLabel": "City Area Code" } } }, "localname": "CityAreaCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_CoverAbstract": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Cover page.", "label": "Cover [Abstract]", "terseLabel": "Cover [Abstract]" } } }, "localname": "CoverAbstract", "nsuri": "http://xbrl.sec.gov/dei/2022", "xbrltype": "stringItemType" }, "dei_DocumentPeriodEndDate": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.", "label": "Document Period End Date", "terseLabel": "Document Period End Date" } } }, "localname": "DocumentPeriodEndDate", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "dateItemType" }, "dei_DocumentType": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.", "label": "Document Type", "terseLabel": "Document Type" } } }, "localname": "DocumentType", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "submissionTypeItemType" }, "dei_EntityAddressAddressLine1": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Address Line 1 such as Attn, Building Name, Street Name", "label": "Entity Address, Address Line One", "terseLabel": "Entity Address, Address Line One" } } }, "localname": "EntityAddressAddressLine1", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressCityOrTown": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the City or Town", "label": "Entity Address, City or Town", "terseLabel": "Entity Address, City or Town" } } }, "localname": "EntityAddressCityOrTown", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressPostalZipCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Code for the postal or zip code", "label": "Entity Address, Postal Zip Code", "terseLabel": "Entity Address, Postal Zip Code" } } }, "localname": "EntityAddressPostalZipCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityAddressStateOrProvince": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Name of the state or province.", "label": "Entity Address, State or Province", "terseLabel": "Entity Address, State or Province" } } }, "localname": "EntityAddressStateOrProvince", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "stateOrProvinceItemType" }, "dei_EntityCentralIndexKey": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.", "label": "Entity Central Index Key", "terseLabel": "Entity Central Index Key" } } }, "localname": "EntityCentralIndexKey", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "centralIndexKeyItemType" }, "dei_EntityEmergingGrowthCompany": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "Indicate if registrant meets the emerging growth company criteria.", "label": "Entity Emerging Growth Company", "terseLabel": "Entity Emerging Growth Company" } } }, "localname": "EntityEmergingGrowthCompany", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_EntityFileNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.", "label": "Entity File Number", "terseLabel": "Entity File Number" } } }, "localname": "EntityFileNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "fileNumberItemType" }, "dei_EntityIncorporationStateCountryCode": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Two-character EDGAR code representing the state or country of incorporation.", "label": "Entity Incorporation State Country Code", "terseLabel": "Entity Incorporation State Country Code" } } }, "localname": "EntityIncorporationStateCountryCode", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarStateCountryItemType" }, "dei_EntityRegistrantName": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.", "label": "Entity Registrant Name", "terseLabel": "Entity Registrant Name" } } }, "localname": "EntityRegistrantName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_EntityTaxIdentificationNumber": { "auth_ref": [ "r1" ], "lang": { "en-us": { "role": { "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.", "label": "Entity Tax Identification Number", "terseLabel": "Entity Tax Identification Number" } } }, "localname": "EntityTaxIdentificationNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "employerIdItemType" }, "dei_LocalPhoneNumber": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Local phone number for entity.", "label": "Local Phone Number", "terseLabel": "Local Phone Number" } } }, "localname": "LocalPhoneNumber", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "normalizedStringItemType" }, "dei_PreCommencementIssuerTenderOffer": { "auth_ref": [ "r3" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.", "label": "Pre Commencement Issuer Tender Offer", "terseLabel": "Pre Commencement Issuer Tender Offer" } } }, "localname": "PreCommencementIssuerTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_PreCommencementTenderOffer": { "auth_ref": [ "r4" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.", "label": "Pre Commencement Tender Offer", "terseLabel": "Pre Commencement Tender Offer" } } }, "localname": "PreCommencementTenderOffer", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_Security12bTitle": { "auth_ref": [ "r0" ], "lang": { "en-us": { "role": { "documentation": "Title of a 12(b) registered security.", "label": "Security 12b Title", "terseLabel": "Security 12b Title" } } }, "localname": "Security12bTitle", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "securityTitleItemType" }, "dei_SecurityExchangeName": { "auth_ref": [ "r2" ], "lang": { "en-us": { "role": { "documentation": "Name of the Exchange on which a security is registered.", "label": "Security Exchange Name", "terseLabel": "Security Exchange Name" } } }, "localname": "SecurityExchangeName", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "edgarExchangeCodeItemType" }, "dei_SolicitingMaterial": { "auth_ref": [ "r5" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.", "label": "Soliciting Material", "terseLabel": "Soliciting Material" } } }, "localname": "SolicitingMaterial", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" }, "dei_TradingSymbol": { "auth_ref": [], "lang": { "en-us": { "role": { "documentation": "Trading symbol of an instrument as listed on an exchange.", "label": "Trading Symbol", "terseLabel": "Trading Symbol" } } }, "localname": "TradingSymbol", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "tradingSymbolItemType" }, "dei_WrittenCommunications": { "auth_ref": [ "r6" ], "lang": { "en-us": { "role": { "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.", "label": "Written Communications", "terseLabel": "Written Communications" } } }, "localname": "WrittenCommunications", "nsuri": "http://xbrl.sec.gov/dei/2022", "presentation": [ "http://www.distributionnow.com//20230802/taxonomy/role/DocumentDocumentAndEntityInformation" ], "xbrltype": "booleanItemType" } }, "unitCount": 0 } }, "std_ref": { "r0": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r1": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "b-2", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r2": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "12", "Subsection": "d1-1", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r3": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "13e", "Subsection": "4c", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r4": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14d", "Subsection": "2b", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r5": { "Name": "Exchange Act", "Number": "240", "Publisher": "SEC", "Section": "14a", "Subsection": "12", "role": "http://www.xbrl.org/2003/role/presentationRef" }, "r6": { "Name": "Securities Act", "Number": "230", "Publisher": "SEC", "Section": "425", "role": "http://www.xbrl.org/2003/role/presentationRef" } }, "version": "2.2" } ZIP 15 0001193125-23-201123-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-23-201123-xbrl.zip M4$L#!!0 ( .TX E=ZY)10U0X .%> . 9#4S-C$W.&0X:RYH=&WM M'&MSXCCR^U;M?U QMUND*H -Y %)N,H29C:W,TD*LC=[]V5*V")HQUA>20YP MO_ZZ91ML'N$1\IC93-5NL-626OWNEN33?XX&'KEG4G'AG^7LHI4CS'>$R_V[ MLURH>X7C'/EGX\#@<%LWPV,'5LH0]2@!4 "@F MN9/T&WG<_YKI-JR83G:M5BN9U@1T#G(R0=FR*B5L[E+%$G#7%\,,N,N5EKP; M:B 7M!4=,< E5*QC:[*,D>*+D($)[-(?GSYVG#X;T +WE::^,YDJU'(I8K42 MM": 7(EJV3YZ8!4QQ*3#:!FL#; ^K)G]\4O[XQ1<+X:?@I:TI+[J"3F@2 @< MZ:!@E0OEP]0@!9"*S$")E*P:Y[A0L2>TA,GY0TN=H2*VNC/2&0,?EJ+&&'2Y MO*"DYXS(,^KB7\VUQQK'A=].2]%/>#=@FA(/4Y?=$Z;''SG(@78%'QZ@(+-<@IWQ4 M1W FX]_<=9D?_0:0JT@+B$\'V)?Q^OF ^2[\I]][]"Y&8J3;K ?-H30T_H+2 MBC2VRE^T2#WE&CWJ*79:R@P^-QEWSW*_&CR^P(Q?6CY09-R$*27U+GV7C7YC MXUP*I24 &Z)F@>XVN0.^G&#/,FC]S%%SW.)#$HL(7JW;S\+/H-E27U#-&E/4H8Z$VI.J5=*:V )-!7^I/05 M>Q6HQ^_\N@-K83*7;1]R5_?KQ\4#[I^D8#W6TR<#*N^X7\#?=4)#+9(WDM_U MXUF%?QT,!E"BZ">>NP*K<7 O.D*":@G;^Q@1)3PN$O>6>9? MKO'S._O0.CDM!J+SU1*EAJS (F5\ Z0%K"HK_C]7MX\ESCPZX-Z[? M\@%3Y(H-25L,J']BVH81WEWAN2<+V//[U>5MZX)T;L]O6YWEZ%C/A$ZGU?R] M?7E[V>J0\ZL+TOJC^>OYU8<6:5Y_^G39Z5Q>7ST*Q_(N).9))&8G.@Y6J-VZNB7MULUU^_;E;#X; M9S'R073:+!!2DWSRS"A$/DQIPNX!DDC3S-R]YT#B9*] MLQPDB'47!AA ][Y+QV- B/FYQGEX%P)6Y7V"O>9-R9L-V;T-*5=W(6G+)2?* M =OL#HLGH-57T+*Q8[FZ_DPNKYK%!0G@(XR!M8N5YULC"DJ/"T;5DI.%$JJ( M"IB#:8]+N$^X5@3,!&B:G#5B;[*\1)8?0Q@LWM"NQXC#/ _#'U/6M'+F.:"N MFSS'<\5K=83GT4"Q>O+C81E)"13&;Q$U;,OZ*:9=W8K1K%M)6H>(R>B/F\T6 M*]6?,-'7[DSK/9.:.]2+J1LM>"%D/$YY@W$2G!=WF1T0_A?C+A.0@-ZQ0E'X/B6ALSK MBD$B\W/P3T+#K5.+B,CON<>@K0NV:?-"H%VH'%;*!TLI]CT3[I:.+N,RFF,H MM245JX>%JEVS[>/J&F1\"FT_WI&R;^OW=Y)FYXU]($(2H?M,DC\A%5 N-]G* M1D&)_03(01S"T[9L+_*M+Z,6+\NFIA@,N%*O@2MH^4BDM']CAERV.Z0U"#PQ M9O+%69(UJ.1*%*><,:8/_H3'E@[CB6KQZ\]EDST[F4SRQ7Q MP+GK2J94_.47W92%>?DQY- M^'DM;\70WY@:OXI0:704V97OKRINQ#.;B.!:WD"(S\VIA%TG#+=L1-4BOKR M)YFDH(_*N&+*W0A8J_=?'FR3:#6.CJRJ_5 2]9J#V!7TR\<4PM)2($&L>$ ] MPD;,"36_QXH3."^F]EYWZI,'UA+D[=X<6Q8XV TKY3NQ+=/ZY,_OCLOVT8D" M.G@LZ N?$=_$;/L84WLANF@"63L%,06Q66.K;>N\#TW9.@*B$=5LLU2?*O]/LU>Z"H[D<^\SY2B!=)S0 OPKV%%/XKAB1 M+O/$$-F&C]] H< 460C/?!;9K 9P?A)ZF/H.HPAL3!2JD M>F,S0]Q!=(%>4>8AHJE3NPHQR3>F.];YQ;_'2RT#\M,WR?)=? ,JP2A'Z0( T04B0VI)O MAR DU?)!+*$ZNQ..&^!Y^X@TW[=)N6(5 7"3E/I-;-<2VPY880<([M]] A,& M=LS[&\OLE!@P=$2->8%=:<_M*BW8Y<2D3V4[<[0CD>R5HY6K5C$:<2\5^[PI MP2Z5X$8RM-MX]MF<6$//*Z][O?J6BQ"C/81(R MI6#^M&>DE#8J?I+\P'*7YSK?P#[,V]&@9ZRSKE&X6++:!;KSHON3MWCC,#JQ MZ_2)XU&EGJO>ORT17YIBDJ+RGG8E*34ZXP' Y=6S;;=_HT2[B@^O&BECL8N) M2"A\ EH!KZJU<:T;XR4@2T<+Y^L^":@D]]0+ M&?F'5;06[$.]T([,LN7'"A*IQL9KO[BZ_OSJEYAP. F6MCER/A?'HEHD&[$H MN?\1\FLD Y.@;"%AGBV\NO1=##D9Z8Z)8RK=,.)7T%YF#JC-E)>Y(A S0MB* MD]Z1.RF&NH^1:X E9ZJ(RWK<:-DS?"WW"U,*C'S>=+M@^G5C#H]6[KVE#0"6>X]()VX$;M0U/G<)DH?!)EYD%6 (/O" MY!BA8@8*:!1OU>!G*+C9A8GNAB--S%S>&"$#?M BV3U7T _4@_H. M%ANIX^ Y<03&#U*X5+HJVJ1Q'TQP*GDZ27#20ETD$[(_P7[I=W*5/-HNC#<- M?_P!W,E"<62#.6G$5ZDXI$,Z5KGH2A%^_V,2TT"R)V3]7:/YP>_T0IA7]6&*!!B];VO4YUVN M2:U6M,U$T_/<,23,!-9O\O6/X@,DCBZ3/I;&>.65^Y/O]1A'0Y,0P;C09B@E MWB>-KYNJ/E($S6Z703@!UMSLB\,#GK$I6R<][C'7_+9/#-G!5 9",2-465-Y MO&X@>/PT0#S-WN3$_A",.%%A]T^8!]'"?AZG7>Y%HYOY**PBPF,?%B+C M)7&SH@Q'TJS 4P "1"W>Y5^Z31K'3?M$S-?V]C$-8T%TB=!,VD679:07#Q,P MC00#68&)XTN&3@8#6!HD;0D2#TK'\1.;BQJD12FC8(Y)8KDTLA:QI*LM3(2Q MFA +P%A8]]Y,G/-XW7GNV)KY7><:;+$#D5F,6Q(K;HYBVI!OC.)MYM0'BTT" M3\46(!V0?^I$.=+J.;4KD0 B/XBQW$G$.Z.NT&?MDR_U)129N<#^I#797Z[; M%ZUVH7G]\>/Y3:=53W[L_&P\^O6X,!O_<*/4+GE:IX1:>:B$6JMF2JC3"9^T MK#*?4R\L@*(+VC3%7YKH+\SC*8D_P'50.;2/CETVJM7L8E\/XHO?Z,"S?MLU M1G>!RT][=!/E)UY=QN%*XMW!K$-PLM+)H^&D2ZM=*?K.DS -!,<,@^"U!XL;?I]A+:]&DZH(_I]F"4:ZWE.%%[K1T+C]AR?U%]P0TA('-HB#4!XU>C<[YQJ*M@]= @ MHL\_=!G$;31B9J!=8W+X"AQ^LDS\E$]]D3/=06%__=WI5S_R]!LTVP<#J+(/ M10.F?3X<>"K8%PHSOF4I>+J1-]L!7E$IW= WEE2)M.EX@"'QYR)IHN=[]FW> M[XB7KT!*-B_P+1* )[OQFVO\FSN,W$!>9CX.'&<-=!"AKYB7 M%<2'P_K34O1=;?/5[<;_ 5!+ P04 " #M. )7Q*V8B[(A 0$@( $0 M &0U,S8Q-SAD97@Y.3$N:'1M[5WM<^(XTO].%?^#BMW9RE01!O.2D R3*@+L MA+L,Y &RM6JU6^ MZ?ZXO2K?U"NUJV2BW&UT;^M7]7^=7EQDE/(7_T_X_DO0@)2O6[6_R?7W:NNV MU?Z6^GG3Z-93I-/]^[;^+67H)CL=,GTP="^;ECVB1NJ*)!/P?)69+K.ORK7& M7V'C1UUSAY>E3%$W4X0:^L"$%["^F^+=W(7-1M0>Z.:I:XTOLV/W*PG^[EFN M:XW\K_J6Z9XZ^O_8I?+\=Y^.=&-RV=5'S"%-]DC:UHA"3Y7;QO?FMY2-1*:N MRM=7]:>AWM-=@B,FY2_75^4O=UW<5:J-YO=OJ6R*_WU7J=7"OW\V:MV;;RDEF_V4(M>M=JW>YM\' M1/C?G +7;RMWG?IE^.'-P2YR9CIXE<]&BM-'D,3V5?"A%A)25#X!=[YT:\^_ M_!4\[8_UF>2PX?P+"J7P>_A/>Z:K<$AC.F"G/9O17Z>ZZ>@:NZ0/EJZ1]89T MM4 6+X(S8UH<^FP'_G2'D_[RF1<4[56XJ6WJYL A5R*FX@T\Q_79E$N37#:77UAHN^V_=)G-$IH994BUN]^1*^2D M5"I])N4_6\WN5/L-=9>=.F.JLDO3>K3I.'5U=I8]/2OD0>]BRRMR\JB[0]TD MH$K=(:F,F*VK]//>B;_(7:Q ?"Z;/\TI2FE*O.6YN*J)U3_H "JJRAR4?U P MY#Q_GLL6BVL)GK(E 3]93Z6.>PE#OK_2[8P&',NHUJC\Y9XOP6<=N1/]&&A? M^!_:H5>&G2M$R/C0NH#Z:;9^DH:I9DB;C4$&'-)AJF5JY/\\:D,;K@7@-\'73NN]T6\TTZ?XK39;H)')*ID2?-/\&4TMJ\,5G0DW3\D!] M:L0.Z.U;-G&'C#C^F/X;C(F9&C3ZAV*<:/'*#!!:!$R+@&H60(4KR7$G!B/?R&MK M*;6 68J?G@?U M#D 9C-V?3@LX]9__A-*5PL>TQ9>&Q)![,OFF^+DS/W:\!> M,C\YY'71655-M-D#,SU&'JE#?B]>%'PJX5E#M\S71!U4.Q>P>346JII949>B M=;RBU60NT4VP>(Q0U[7UGN?2'C#/M9Y5+1>[_(+441"U=W&':9FGWRN5NQ!W MF,Q-)M[KCCVIAJ47&WI$L+H*%!5T-CYQG+CYA(]O',^CX2 4M)? 5"?S39HR =SXD M?<-Z7$GFSB_F94ZJ."E@KPM8%64+<2P7,O9?3W^@!C.G8#.;?PEY#BYO^#]F6V"QET05",8(P7Z[U$@F#!TZT'1W@B)+QV/;>M)'U&7&!'RZ M4F$5P96*4@( MUXFG82-<9!BW)BZ#K\&".*X-9@7]OSYNS.,^((S4^)1-(ZJGUP.Q33O3 MA[!Y ;CU'&OPZ3X)M!>#AN,8+K\ M4/_RK99HI.76LGYQK@T9!1'@DP^J4\?'0/?310'C8T-:Q*J\+YGP'@]Z!$9 M[GCC,: ,6'S %Z 0=!4R AAB/^@J\YFL,97:/>CW?]1_C^-\<+0)X2^ZJKU%QU;N#[[S(9OTQBQ@,&$R06'E@=^([]!!.N&=,!S:TPV$5 .+ M&L[N9_:G/U5]"X8$DPEL8D],]=R0%R#S@.@&$Q]5@CG@O_"8CA^T(8 P/5A5 M$RZI^".0](NY?ILT,6"$-AT$[TLF$&2>\B74HP97#,Z007,.+%_"1IALCC;) M%&RF8>7:( E^3_!B6%Y &&?_BX46*)WI:'@LRIXJ;IS4@4U'&51JI:]O;IE% MPNX[6T>GS^)R,PV3J<_9$BH%.0?E!"H!1,<77%=W#9@;7_%. V?+MM[^">"E M2W\Q^D@G3C"F1^ D*#U"'ZAN<.5H^9JNZFL^;';VU4DF&N8# [&V29L9U&?A M(^L!-]F;8AC55F*%ZY'I\-[9GCV+Q CJCA^5A,%BQSHJID?+-K1'7.EDE+,L-U=.)IFX 74;6"+?;MY8J'G P'39$P7%Y3\]YWKETH7S M(B@BU)XL4(44]RE@8+^P \-2P^D-A\K!-M=VT+1G6Q2,':S)14W[K,C OO5@ MB%I(_E0S:_J *_;GICV;\BUJT/HU_T=@=;ES?P=0[@6*/B]^^DI 8;@Z+(13 MGJ9WZ4- FPT <)C5R"\U)VJXV=5S$=SJAH4V#U5[Q,.ZD.J$),Q6X7Q:M2E MP6QRA,)GY5EG9T@+U,4SI\+>YB;\>8RPH,'C,"S;?\_"9/L0 PU-,C'2-9 = M1$F@6$TG,!?^ZV#M0?X.[+FDRTDUNJ4:> MJ:OZ&-H]4@ZK9IT?YUDVN3GW-200M$@ISM8C0U7DS'QIC0. %D*X!1.;#I<) M'YL>\B*9 -W&'E'W.)BO$%B(/5BWX M2/F&T'ZDMG9J!(@'F@/<\FS?3"+\XL(,$PXJU=?("X\D$\ZTRZD*YHE5R+$1 MHQP(P5(!!8X<"O)!E#JW== $OO=LWR&M/\'",T$F*BI?C5$V2?8$H-Y5LTO@&%5]@^&S1 #OSMR41?1S,%2.!YGY5'BV!, M]YE.9G9@2.UT<&"(@G4 >FBHJX!VT0O1^Q. [ -3[X/8@Z;$<1*49 L7.V^G M6IZ!P2[ +N$(PG09),T?*A^?.[0A7&\%T[$XW<_,RI2_-*[VDD-31:)4 M]W)9CDS4%N\'K#SR#VMH.D%(;H>9<5<=9B+:^0L0^:)O"<"W/Y,HU.K#',-4 M[39%\^HD5U+"W,*I\5FVL5G*Y4_!BA;"C_7?!_ M"\G;0:RC6F]VZ^W8YK\O)NDUJ^\BO!UU7VTU.ZW;1JW2K=?(=>6VTJS62>>F M7N]V#D01&*F3!H /W^-!$_VDLG'@0'&@ C(+RBC:PP+/\4?1S@J4"JN>%0O$9!X2,15U0,O B&AXX [>"EG M_U *8RMYR$KUG!CQ<2$ MDW@)7:X@AM"5%*G7WM]79&.J:]QX!FG-<]@J'B*77W,F#R1QN;.M!6YF\L9/ M7\FK?GL4<'=="0R<8!ZE1 _X:=$#?@X2';[;* (#Q\,AD>UM,3)EV.4)(W%4 M@$HZ>UX40@<"I>N"4G'L;G01C#L;]\1Y4I)!@\VM:6Y'C,">DL^*(7;*Q?%X M&-&)X7?+TC#/*R;"5A #YRG*]D#OPXM6PW2I.=!C%C$1Q9-8T]A+;88BU^(. M;)QP6V'/T=\]D2D=5^FXQH-#XEC6J-W4G:BY]7>/E'0AMV<787TBB9+.KTNE MN#HN[R\ES?+PT,;^EO Z_1Y:RXG&HP,#/)$2@VX;E>O&;:/;J'=(I5D#.EO5 M?]ZT;FOU=L<_LT3J_W??Z/XM MGEP9TPDF>1P<5N7/]KS)O@&)V35)%$?;1"I8-I8NF-$V\8A,*+DU ^:'BK5N MLZE^O JM-9?+$3OI6S,=[$"RM\66DE@>HU@Q'QD5DU&Q]Y(W8J?QBEDQ=IX* M>;F1OH'TW4Z+(3[7.O K!,1.$M<%5 )N@1Z+U-7">@I!(7F7/L5%RL30=EMD MB!^OKO-]B^?RK['3<(H@J9+;GT^0_H7T+Z1_L4?_(G:ZKBA*BM'Y$<7Q(MRM MPA)7KE^%Z[DNY8"9ZA82^,&VK8Y%%CHS-]X$&]EX9,"=R/U+,=5$I,4KR67]F0@+Y/(J4:!4/'=HV="-]I685OBM[C@>KS*M M)1-X0:KK%\6/A\D#V2\J7[?N:]\6<%NRQ5%Y$1;VF*V%OT2H\_GWI5K)GJ7/ ME;-TMICC)E11LNG\V44Z=W:63+R0=S(C[J]<98*M7A1[PI]R6'C5&6-YS@=F M3.*Q6F0@YL.NCHJFZ4%%_W>OW,-3_M!;6)A2I6,L;!P/$D62_>R#,H7O.@L;ZNZC$Y_G6"QY-7203_?'A9.UGUT/=GJ1C?D+_PLD:\ M+67(3'Y?BF$Y,0G?G( ;)XHX%M==.#)@+0/6\>"0.$8XNH!U<]E-R7-QHWBH MP-*Y&/7$2H4MZB0>KRUN6B8&K6T+''1^+P;>2>/$! ^*L7>R?7U.:7:EV95F M=X_[Q+&WN6(4CBT5MC]C)'6?U'VRI.):VO!\=UDSX8UU>]&.LIS%!U",HI5J M.(1J%(U'9?^NFW)P8SG!J\3&K]R<]8(",JN#2@NW4^WM JX<"6[#2LK[W;;G M9LSN=^MTX7\_@'4=TOJ3M.[J[4JW 0W(R7VS?.;;^!> MW/QV7ESUYC?MY%2&#/%]PIV6VNB>L.\0[['T#\T"%UO!1X.]2P M-OEGVU#?T9\VH?T#S/I6;)N_UC""^5Z)Y*VN,_Q!;74X36\3248W8?8'$-"M M9EN<:S;7N%'S\)1&PE/1Z(V5#)0/?ZMJ3(Z/M-D#,[W#ES8K7L2^M%EQW2(8 M!R"Q%"47=QI15<[W7.YI$R*S'_<6S A/_D]KF["G,3.=XRZ=&<->/^2(1=Y) MB_(HE.,2JT_&MJ5Y:FPNN#@3XWZHPKK%-@Y%9R'*Q(Q=4WN1%2.-Y'S==!=Q MC'MT"N8GM=G0\APP[VGB,#]=$W?KJ3;23=UQT?0_1.T_;"IY8E00+8EQK$W) MK@E^#SKWN:P8-D,%.HW1F.KVB 6W8@;GMX;05UQJ[@A:@&"E@X^' M)W.GW!6:^/B(QA)\)$@VF5A)I!L[W))#DD.1["U)/DD.B><5[R+D/;:M?ESJ M6.0%J>$MAON;C[)>\,YC66($,HM'=%@ZZM+:037WDV"3[7,\=,[)*H(7BT(E M8M IM)\K"I/E%4ZQ1)(2:TL.2;\V!GPZ/*DQX) X?FV$NRP^QO3/&L;P_J!( M?;(=>KAB[$.+Y>&*L4]U=D0UBZ/S"DD=T$V.$=:RG>H90U[7UGN=2+'KF6L2,30!^"0Y).4).D);X90F\%=0 /^2(Q?'[HMN9N*:.KA[-%ARIIN M>"Y>[R-1I425$E5*5"F,_I8V3O)(HLK8<"H&M,:!1^+$):/;)_C)T%HR[90^ M,!L&2U1K-+),?\O (9;G.BXU-5YOOK>#&.:J#5_4PA7C4@-%D"LME$CK3N]^ M]L6HZ+#V[$L$*NVAY-&'X9'DE)2FHXEK'@:3:CN)@4I<\@'IW/WLBU%)6Z+2 MV.I_:2,ECR0JC0VG8D!K''C$]3]\^Z5;N;ZMSU(P0T"N, ,(9PE8!_J%EDIE M6)X!S,?U%<]2;E8SI/SE^@J)!$*6]9_=3?>=^[N[V_J/>K-;N04Z_FRU?U2Z MC5;S/7*4W&[HN;[O-)KU3H=TZM^1J@XYN6]6[FN-;KWV^4 \*C>N3AHF@>:& M;ID.DM&X"DF9D9:9;I ["X2]H&M6,KE0HO21:OWVMG-7J3::W[^ELBG^]UVE M5@O__MFH=6^^I91L]E.*7+?:M7J;?Q_0X']S"J[5;>6N4[\,/ZSG/"TR(9E( M)GR =!5\J(6$G.<_!3!H^LLB/ M:YC[-X:6W/\N7K?^R7>SOE):XTML[)HNC M!2D%F6^B6"_*7CB20,\'RX>?R'873V1WAS9CY <0/W1('5QT;3L;N#;Y9]M0 MW]&?-J'] \SZ5FS[AV4?0$RWFNU< M=CY!3P!ZV_*1EGS>-;'G(A73/LPBWG3?NQ#E_OS.J2VN687O&.%, M ]TTD[JZ95(C'LI&J/4;Z2F^G7,VRK*4NUJYO^4Y M[KO(G\Z3(+\9AU%K_ 5CJO*?_-Q7'/.8..[$8//YY0A2%TC!KV:P=H_U+1NP MMO%()PY.SY7I4Q1AS%20Q^8WU((LS$Y>G_N[_T3!#"BJ8QL,KKZ=:-;JY#ZOZJW]WCL@+2Z-_4VJ;8ZW4,- M=9[A\DA(S(^$%%<]$I*/\JR$?)D\$K*G(R$K$;[M81"_*Y]T_[,\%G+ 8R$K MD1RS R'Q9/,'$,U8I/[OA=)(#H%(G@I*J3SRL>Y>&7I2Q'S_%EQ2!D_ZI9L MV/DK>6"VJZO4..5QADL^NA/E,T90X*&K@^_ R0MT(^!A[*\4.(JK=+V#:D]1A&MX2@N&, M&!ER,6"D&+9'#,=!C%L)/VQED>@4BV_'U]WHR<=KHT>,E2T(^!5#F0OB[VRM M@ 0Y^"G6:?Z-D:SDD.20Y)#DD*PJ$F&F9'#.C#VIAH>771+K.;9T\!3'PIX] M'4GA(2B,M)+,3B@\WV(33"PH*=K9_$.8.2A;MO=4$E]D-U7*EE>QD465#ED0962K*==5/<1IWQ@>3B34>/?LQN M\B\V\'%CG[J:$^1NP5R4]_7MQL>-O1=>V/Y JR!X5;2DNT-8T0_%(\DI*4V2 M1Q'SJ'S(%+M:X_8>;UVK5]K-1O-[A]S5P0K=5-IOI-QUNJWJ/V]:M[5ZNP,_ M .GK)N"%O1XFQV[3H2XDYR43\Y>L[740*Z0$'GL>GK)J'EXNR@0U^3*9AR?S M\#Y0FI/,PY-Y>+$64)F#)3E[/)3*/+R-\O TW?!C)?+TB%RF:RJV1XQB!K"R@5*FMO17ICP%DD=175%@]2E76O2!)W,U2L M=)E#;,Q\( Y)/DE)DAR2R7N1.NJU;7WTCY?9![YF[/.]@$9!SMB)P)# MT)C?_O(I06"M:-DTAS"V'XI'DE-2FB2/(N91^=4((>39W:S'' M:S$';#;G*[1OCCL!WGPCKP'VJ:4+'BY\2LVA\=#8(KKFVTBSZ2;X +T)P7V[-'EDR82F.ZIA.8P\4%NW M/.?]BH>F9-VP#, M20._WK@]EYSX]68_+W>+TN1$#SM:I4C).XDPOT(Q_^DP=@MR9E@L\9B8!1U#U M#(I#@(>HJH+F@YZ8+\XX@QE2 C>"!@/W;!9\I+OYP.O( _ (AV('0') M_"Y%:G/.\!6.53>QHN?=3#[B5!_E<8AD[FD3X*I M;&GB7Y>)ZWT,R.P)UJ/+ .#\GO,;!F6+TW,FXQ'6[Q"P%2S/--ADYB]4#BHT M@&2ZX]J@(!X8(#+*P1&WDJ ,'(:V:0I!H)GI@/6%OT_#5BH@@ &"I7 KR[5H:, XZ%B!0U'5,^VF:E. M?#8;?EM ^(C^-6\ZL8[7EOO<\$&;OVQG%^GSBCN3@9 EAKD0 M0\/\SI4N.L8T^AR:@RB\=84@K V,H' (WV: SSV602BY%!]+F5E59HHQE)F7 M&9V!CG"F9B3T"D&#LJ7"Q9]#9'[\IA;.O? TS0 @:IP8 !7-?LS!O&O<]@.9D8D/V*?.HFL2!?6>O MLH_#=1*B]61"*+C>G7D?1A^#T*6V$+KT0YVZRT9 F,F#@=,)2":>9P F!U>^ MQ^'>3"3WE4CJZV&1@R_^W%N+'X8(+K]I7]L!>:44+K MMZ'U60RA===R<4-B1"?=/] M<7OU_U!+ P04 " #M. )7?U3+2#X# !@"P $0 &1N;W'-DO5;?;]LV$'XOT/_AIJ<-F$3);HM$B%.T2P,$2+/"38>]%;1T=HA2 MI$9251)NT5BAU23*DC0"5(4NA5I, MHL;&W!9"1&]/7[XX^2V.X>S\X@IBN'&NMCECR^4R*>="62T;1Q9L4NB*01SW M^G]=?X%_6NLY3%$BMP@5MPX-O&^$+/-1.AIE67J4O!G"#')O#TKN,(7B\5A&:3IFU!:. MTHT#B!3JVQZ$%\^H0X9.'D"6XP#(CH^/69!N42K=9@2=]=>L%09M[MIDX+DV MU1G.>2,)U:C_&B[%7& 9M*A=*U1N0V=3PW&S0'?%*[0U+_ I&:?V>BP\8IRQ M?S]>?@Z=%YUZ $!H1E'5VCAH>_)2%V%2]F35_XK[8L3^*LY&\3A+R%@$ZE'R M.RH)[-E$^AH_BW2>8IS"%LLYZ8P6N+^7<=JHVLT3M#*OQ^&UL"-P?DD M\IL_[O?,5\EG">V97N6!@\WQ\F)&$)27]_1ZK!/.@R^]&+R'6!G\T7()86O*A;+NC_C30^N'@O9]KT@!_^#*]^.XSL7XGF.-W M6NEJU7(]TT7C7Z3^^YTJ/RABN+J@!C-58!>!H =E2NI?#U)?<^W9EDA_Z$3H MXBSU'_J_UUL8'KDJH34' WLG;-O(MOW&8OFW.@WG@LNBD>O<=^!.8Q]PNVJ' M(^^9[<9UMWW=^FEFV^/X M>6\VH+)C9QA:HVF1.ALC>YT]OWWS\SO/@Y.S\"CQ8),E2C@>#Q\?'?GA/F>31*E&2LA_P M> ">5\1/IE_@]ZS<&&Y)1'Q)(/9E0@3\LJ)1.!X=C$;#X<'[_L_E-$%\K0>A MGY QO!^,!BKN$ ['!Z/Q3X=PN_9KIW>/L& M0)U$)M-]1SU]*O(SL9Z)J,_%7/5Z<#@H4GI/&>N=E,?#-&'XX<.'07JT'"VI M*5:)#P=_7E[K%"O(RDHYENO^"!^D9M&@0*B/T3UX1YNE=WG#D M'0[[:QGV/NF"^=GQ9R2Z4%N0>A@+'I&:POIP6KV7QR>;I8HGZX2PD.3*W[1Y MD$#5Y:5,_GU)E^+O0_N?C MX*GV:VE574(DN6C:KQN2Q['"7/U)SB)_;HODLZ2.D#2WS@T'79 T""$A^4T9 MM+0SD"TT6@;2MELW'$]90I/-1)41?G2N+L#KW\C&%LN*Y([PK+?":X)<<*T1 M1,(VJP!Y"4AK@"KB#'"+K9=!;MZ_&](G/%CIN9FJ[FU)WL[I"&!CXWSWF NN MNSI(E!;"H)6=T<1OLTRD9:\X&-X007EXRL(3]6ZF*8_/DCL&TVR%UP1AH&H0 MQ&8V*P&J!N@B:/BVT+J18^O^,18+MV1.]2*9)5=^;$VT.;?3I4*%$5X=X[Y0 M,.GAKA.>*H N@;1*:*-OPR+!NGD,D,]9P,62B_16R5VB!F?"5VJ1LIGPL"'7 M>Z0ZQ=S.)K=.<1\""WG(9 M$A6BS1>YK= M''\)M94BG2*\SQJW"':'NU88EW15"K9KX7+?JA7#$+S #\9('(>A,B#S?RXH M(\-FXV 4Z'04ZBSQ/8'N(U IBHM_KO^NV !=":X9UCJF-1L&]%_@!1']B=J\ M%E/^R%X$?CG]-6!OL&."_BD,#?GGDBT!K\L %Z +X<*.;: .=3L7B)BG;PJN MQ8W@#Y0%#=_;5FF\!N"KC)FH?Q:+AKY1MR7^LW=W"IVB&NX0M&*E;A(:^$$< MAQLN$S_ZBRZ;W^@Q*[R&43";,@W"5B3:&!A46QJ"K!*H4I@W;]JS43< UEX< M'X32!@7QFP"_G=/58U"FQOGN,:>'H'9TD,!-_Y_7RCBY]0"49;-N(.HG M$Z.;!6<-;QKNYG4$9*4!;C[N J99"PG.5!Q2=:R;)^WT6X:T2=-NH/XA:)(0 M-N%QO&+Y31EI2VM%6FW;OA?,V+)LR.P*YQ@2OBG!!N$H-B=\G>2CTG>%MJ^4RN8WZ=L/V M1A ]'T1AD3X.IK\B(*[O[^T7#G4*'6%L88KOBW3!>I\J$MZJ#)3K0%8(TDK. MH+=MH@S\"YV@HG\NY8H(]P$PZ+R.,:@V:!Z&G7C$D:C0;FLPLG*MSD=+CFJG MI)$MQ^4-"59J/;49CF93FD36]SAV\[I:VE09X.;C3LL:HQ;6HB87!Z4.J;S[ MFJ:5?K=6- V:=@-U*GS]==N[33SCUDOP9TD=(6ING1L.NL!I$$(B,U>&3-J9 MRA8:+2-IVRW.=?-T'2R46]+DB6YS;L?73Z,17AV#<1W=U<.^EA85<)[H;J]O MXS75LGF,S_=.8R+F:FI^%?PQ6:C%R-)G#;_-6"'1Z2=\];;XWE#WS_AJ9)%8 MSS\8*PI!5@GR4DB?\;5HP_ AGZV7\HX+M:5_[T2^BV:_?4'M^0]02P,$% M @ [3@"5XR6$ANV! B2H !4 !D;F]W+3(P,C,P.# R7W!R92YX;6S5 MFEV/XC84AN]7VO_@IC>MU! ^9K?OF^KLP)+?W_2<2DKDQF6Y'T7*YK"53)K3D M"X,A=2V6:43"T-7OC3^1WS;-M:&_!#_2'+1 MK10".("BIA13D;.\$^D+^(:Z7).AE:FT:4&]0));1N5,_%7VWY-K'?R M]@W!#Z91Z+RT$]AD;'.QFBA>DVJ&;NNMR(F"7L MK#8VT(C^>'P8Q7-(:8@($%F\UQ2Z2)&",.ZW*Y([89A9]\54JC3O4$#RW+;G"J:= M(,&0H8MF;7T_Q$"?SPEDUAD>'9JE&8> 1#O=RA0.(6'RV@]84!# RH!(('%A M; ?^VX[?;!AO![*,"XEP1W(.4$->Q,FC.T&' M-#;%3' [/0')%-,*H2- M)0%9:/0B,^N:QW&_^A76 MIV(Z(JXNKB.&';:6-]C<;I/;O$:Z5Q( M>^+JT]HS[+"]]P;;9FX8PLR>WJDP3S0]F5JYMKK0ROTZ9C][Q@QO$*3*I,I3 M.\(,0T\N<(I?]V1R)L*OA*HZT:_8=X O/0-\SS@\+=()J/-H[NJJCF[7J^-T MY1FG,5WU$TP#F[+-3>IKH!T-4G6"1XUO<;;JGN'L)@DF66]_\$89&N>A+ U0 M=8REIAW"AI\(>[CYK,9R*5X%<%?N";Y=RPZ>;W?EVZ[DY_%G-5#RA=D5Q-<0 M/(CA"<8#WXZE/[?JA?X,I#:4_\FR\R]-RR-XPG'/M:-XX0U%.Y]T%=!SN!4U MU255].G8^+/@8A^)\,%%Y7?T9T#T9)HNQ/8:69\* MZXBXNL2.&';8_%ED&4G.8F:8F#WBR5@Q:^TT9F7*Z@(K<^MH^;-B,E!@AQS@ MU5*^B&Z?9:KGZ?3T:?%+$:I+[TNN'45_UE/V>M/7>@'JW[,LB>,-T1+O6ZX7 M_BRLC"!>6(N-YF3,##_Y4O)05UUNAUX=)W]63\:*VE>N1NMT(D\^W>V)JDMH MSZC#X\_ZB!MB=ZMX3L4,SGE65ZZM+JQROXZ9;^L@=RFH&8Z]CTHNS1SG]XR* M,]\W.1*BN@2_:-N!_!^60JZC@]0\8(%]AW*SQW[9-P*QY&]02P$"% ,4 M" #M. )7>N244-4. #A7@ #@ @ $ 9#4S-C$W.&0X M:RYH=&U02P$"% ,4 " #M. )7Q*V8B[(A 0$@( $0 M@ $!#P 9#4S-C$W.&1E>#DY,2YH=&U02P$"% ,4 " #M. )7?U3+2#X# M !@"P $0 @ 'B, 9&YO=RTR,#(S,#@P,BYX&UL4$L! A0#% @ [3@"5XR6$ANV! B2H M !4 ( !W#H &1N;W