0000061004-16-000089.txt : 20161114 0000061004-16-000089.hdr.sgml : 20161111 20161114144827 ACCESSION NUMBER: 0000061004-16-000089 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161114 DATE AS OF CHANGE: 20161114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LGL GROUP INC CENTRAL INDEX KEY: 0000061004 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 381799862 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-00106 FILM NUMBER: 161993889 BUSINESS ADDRESS: STREET 1: 2525 SHADER ROAD CITY: ORLANDO STATE: FL ZIP: 32804 BUSINESS PHONE: (407) 298-2000 MAIL ADDRESS: STREET 1: 2525 SHADER ROAD CITY: ORLANDO STATE: FL ZIP: 32804 FORMER COMPANY: FORMER CONFORMED NAME: LYNCH CORP DATE OF NAME CHANGE: 19920703 10-Q 1 form10q.htm  
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q
(Mark  One)
  
 ☒  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
   
For the quarterly period ended September 30, 2016
 
OR
   
 ☐  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________ to ____________

Commission File No. 001-00106

THE LGL GROUP, INC.
(Exact Name of Registrant as Specified in Its Charter)

Delaware
38-1799862
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer Identification No.)
   
   
2525 Shader Rd., Orlando, Florida
32804
(Address of principal executive offices)
(Zip Code)
(407) 298-2000
(Registrant's telephone number, including area code)
   
(Former name, former address, and former fiscal year if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒
No ☐
  

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☒
No ☐
  

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

 
Large accelerated filer ☐
Accelerated filer ☐
 
Non-accelerated filer ☐
(Do not check if a smaller reporting company)
Smaller reporting company ☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐
No ☒
  

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class
  
Outstanding at Novembrer 10, 2016
Common Stock, $0.01 par value
  
2,664,564

INDEX

THE LGL GROUP, INC.

PART I.
 
FINANCIAL INFORMATION
  
Item 1.
 
Financial Statements (Unaudited)
  
 
 
Condensed Consolidated Balance Sheets:
1
 
– As of September 30, 2016
  
 
– As of December 31, 2015
  
 
 
Condensed Consolidated Statements of Operations:
2
 
– Three and nine months ended September 30, 2016 and 2015
  
 
 
Condensed Consolidated Statements of Comprehensive Loss:
3
 
– Three and nine months ended September 30, 2016 and 2015
  
 
 
Condensed Consolidated Statement of Stockholders' Equity:
4
 
– Nine months ended September 30, 2016
  
 
 
Condensed Consolidated Statements of Cash Flows:
5
 
– Nine months ended September 30, 2016 and 2015
  
 
 
Notes to Condensed Consolidated Financial Statements:
6
Item 2.
 
Management's Discussion and Analysis of Financial Condition and Results of Operations
  
 
13
Item 3.
 
Quantitative and Qualitative Disclosures About Market Risk
19
Item 4.
 
Controls and Procedures
19
PART II.
 
 
OTHER INFORMATION
  
Item 1.
 
Legal Proceedings
20
Item 1A.
 
Risk Factors
20
Item 2.
 
Unregistered Sales of Equity Securities and Use of Proceeds
20
Item 3.
 
Defaults Upon Senior Securities
20
Item 4.
 
Mine Safety Disclosures
20
Item 5.
 
Other Information
20
Item 6.
 
Exhibits
20
 
 
SIGNATURES
 
21

PART I

FINANCIAL INFORMATION

Item 1.
Financial Statements.

THE LGL GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED

(Dollars in Thousands)
   
September 30, 2016
    
December 31, 2015
  
ASSETS
            
Current Assets:
            
Cash and cash equivalents
  
$
5,453
    
$
5,553
  
Accounts receivable, less allowances of $35 and $34, respectively
    
3,064
      
2,606
  
Inventories, net (Note D)
    
3,697
      
3,546
  
Prepaid expenses and other current assets
    
365
      
247
  
Total Current Assets
    
12,579
      
11,952
  
Property, Plant and Equipment:
                
Land
    
633
      
633
  
Buildings and improvements
    
3,946
      
3,938
  
Machinery and equipment
    
16,809
      
16,633
  
Gross property, plant and equipment
    
21,388
      
21,204
  
Less: accumulated depreciation
    
(18,570
)
    
(18,039
)
Net property, plant, and equipment
    
2,818
      
3,165
  
Intangible assets, net (Note E)
    
647
      
475
  
Other assets, net
    
202
      
211
  
Total Assets
  
$
16,246
    
$
15,803
  
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
                
Current Liabilities:
                
Accounts payable
  
$
1,293
    
$
987
  
Accrued compensation and commissions expense
    
903
      
769
  
Other accrued expenses
    
409
      
320
  
Total Current Liabilities
  
$
2,605
      
2,076
  
Commitments and Contingencies (Note L)
                
Stockholders' Equity
                
Common stock, $0.01 par value - 10,000,000 shares authorized; 2,745,098 shares issued and 2,664,564 shares outstanding at September 30, 2016 and 2,665,434 shares outstanding at December 31, 2015
    
27
      
27
  
Additional paid-in capital
    
29,102
      
29,106
  
Accumulated deficit
    
(14,952
)
    
(14,874
)
Treasury stock: 80,534 and 79,664 shares held in treasury at cost at September 30, 2016 and December 31, 2015, respectively
    
(576
)
    
(572
)
Accumulated other comprehensive income
    
40
      
40
  
Total Stockholders' Equity
    
13,641
      
13,727
  
Total Liabilities and Stockholders' Equity
  
$
16,246
    
$
15,803
  
                 

See Accompanying Notes to Condensed Consolidated Financial Statements.

1
THE LGL GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED

(Dollars in Thousands, Except Per Share Amounts)

   
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
   
2016
    
2015
    
2016
    
2015
  
                         
REVENUES 
  
$
5,128
    
$
4,796
    
$
15,115
    
$
15,671
  
Cost and Expenses:
                                
Manufacturing cost of sales 
    
3,353
      
3,209
      
10,069
      
10,497
  
Engineering, selling and administrative 
    
1,803
      
1,741
      
5,210
      
5,822
  
OPERATING LOSS 
    
(28
)
    
(154
)
    
(164
)
    
(648
)
Other Income (Expense):
                                
Interest expense, net 
    
(7
)
    
(16
)
    
(20
)
    
(25
)
Other income (expense), net 
    
67
      
(23
)
    
105
      
112
  
Total Other Income (Expense) 
    
60
      
(39
)
    
85
      
87
  
INCOME (LOSS) BEFORE INCOME TAXES 
    
32
      
(193
)
    
(79
)
    
(561
)
Income tax (provision) benefit 
    
—
      
(2
)
    
1
      
(13
)
NET INCOME (LOSS) 
  
$
32
    
$
(195
)
  
$
(78
)
  
$
(574
)
                                 
Basic per share information:
                                
Net income (loss)
    
0.01
      
(0.07
)
    
(0.03
)
    
(0.22
)
Weighted average shares outstanding 
    
2,665,189
    
$
2,652,779
    
$
2,665,352
    
$
2,635,794
  
                                 
Diluted per share information:
                                
Net income (loss)
    
0.01
      
(0.07
)
    
(0.03
)
    
(0.22
)
Weighted average shares outstanding 
    
2,665,831
      
2,652,779
      
2,665,352
      
2,635,794
  

See Accompanying Notes to Condensed Consolidated Financial Statements.

2
THE LGL GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED

(Dollars in Thousands)

   
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
   
2016
    
2015
    
2016
    
2015
  
NET INCOME (LOSS)
  
$
32
    
$
(195
)
  
$
(78
)
  
$
(574
)
Other Comprehensive Income (Loss):
                                
Unrealized gain (loss) on available-for-sale securities, net of taxes 
    
6
      
(4
)
    
—
      
(5
)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)
    
38
      
(4
)
    
—
      
(5
)
COMPREHENSIVE INCOME (LOSS)
  
$
38
    
$
(199
)
  
$
(78
)
  
$
(579
)

See Accompanying Notes to Condensed Consolidated Financial Statements.

3
THE LGL GROUP, INC.
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - UNAUDITED

(Dollars in Thousands)

   
Shares of Common Stock Outstanding
    
Common Stock
    
Additional Paid-In Capital
    
Accumulated Deficit
    
Treasury Stock
    
Accumulated Other Comprehensive Income
    
Total
  
Balance at December 31, 2015
    
2,665,434
    
$
27
    
$
29,106
    
$
(14,874
)
  
$
(572
)
  
$
40
    
$
13,727
  
Net loss
    
—
      
—
      
—
      
(78
)
    
—
      
—
      
(78
)
Purchase of common stock for treasury
    
(870
)
    
—
      
—
      
—
      
(4
)
    
—
      
(4
)
Stock-based compensation
    
—
      
—
      
(4
)
    
—
      
—
      
—
      
(4
)
Balance at September 30, 2016
    
2,664,564
    
$
27
    
$
29,102
    
$
(14,952
)
  
$
(576
)
  
$
40
    
$
13,641
  

See Accompanying Notes to Condensed Consolidated Financial Statements.

4
THE LGL GROUP, INC
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS – UNAUDITED

(Dollars in Thousands)

   
Nine Months Ended
September 30,
  
   
2016
    
2015
  
OPERATING ACTIVITIES
            
Net loss
  
$
(78
)
  
$
(574
)
Adjustments to reconcile net loss to net cash provided by operating activities:
                
Depreciation
    
537
      
607
  
Amortization of finite-lived intangible assets
    
50
      
51
  
Stock-based compensation
    
(4
)
    
201
  
Impairment of note receivable
    
—
      
43
  
Gain on disposal of assets
    
(110
)
    
(67
)
 Bargain purchase gain     (4)       
— 
  
Changes in operating assets and liabilities:
    
 
          
(Increase) decrease in accounts receivable, net
    
(450
)
    
1,065
  
(Increase) decrease in inventories, net
    
(121
)
    
424
  
(Increase) decrease in other assets
    
(36
)
    
42
  
Increase (decrease) in trade accounts payable, accrued compensation and commissions expense and other accrued liabilities
    
484
      
(767
)
Net cash provided by operating activities
    
268
      
1,025
  
                 
INVESTING ACTIVITIES
                
Capital expenditures
    
(112
)
    
(370
)
Acquisition of a business
    
(295
)
    
—
  
Other
    
43
      
94
  
Net cash used in investing activities
    
(364
)
    
(276
)
                 
FINANCING ACTIVITIES
                
Purchase of treasury stock
    
(4
)
    
—
  
Net cash provided by financing activities
    
(4
)
    
—
  
                 
(Decrease) increase in cash and cash equivalents
    
(100
)
    
749
  
Cash and cash equivalents at beginning of period
    
5,553
      
5,192
  
Cash and cash equivalents at end of period
  
$
5,453
    
$
5,941
  
                 
Supplemental Disclosure:
                
Cash paid for interest
  
$
17
    
$
—
  
Cash paid for income taxes
  
$
38
    
$
11
  

See Accompanying Notes to Condensed Consolidated Financial Statements.

5
THE LGL GROUP, INC. AND SUBSIDIARIES
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENT


A.
Subsidiaries of the Registrant

The LGL Group, Inc. (the "Company"), incorporated in 1928 under the laws of the State of Indiana and reincorporated under the laws of the State of Delaware in 2007, is a holding company with subsidiaries engaged in the designing, manufacturing and marketing of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits and in the design of high performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications.

As of September 30, 2016, the subsidiaries of the Company are as follows:

   
Owned By The LGL Group, Inc.
  
M-tron Industries, Inc.
    
100.0
%
   Piezo Technology, Inc.
    
100.0
%
   Piezo Technology India Private Ltd.
    
99.0
%
M-tron Asia, LLC
    
100.0
%
   M-tron Industries, Ltd.
    
100.0
%
         GC Opportunities Ltd.
    
100.0
%
M-tron Services, Ltd.
    
100.0
%
Precise Time and Frequency, LLC
    
100.0
%
Lynch Systems, Inc.
    
100.0
%

The Company operates through its two principal subsidiaries, M-tron Industries, Inc., which includes the operations of Piezo Technology, Inc. ("PTI") and M-tron Asia, LLC ("Mtron"), together ("MtronPTI"), and Precise Time and Frequency, LLC ("PTF"), a newly formed subsidiary, to hold the assets of Precise Time and Frequency, Inc., as discussed in Note B below. The Company has operations in Orlando, Florida, Yankton, South Dakota, Wakefield, Massachusetts and Noida, India.  MtronPTI also has sales offices in Sacramento, California and Hong Kong.

During 2007, the Company sold the operating assets of Lynch Systems, Inc., a subsidiary of the Company, to an unrelated party.

B.
Business Combination

On September 2, 2016, PTF acquired certain assets and assumed certain liabilities of Precise Time and Frequency, Inc. ("PTF Inc.") (the "PTF Acquisition") for cash consideration of $295,000. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to the provisions of Accounting Standards Codification ("ASC") 805, Business Combinations, ("ASC 805"). The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

The acquired assets include intellectual property and equipment that will support the Company's strategy to be a broader based supplier of highly engineered products for the generation, synchronization and control of timing and frequency. The intangible assets acquired are being amortized over a weighted average period of ten years. The Company believes this product line will complement the complete line of spectrum control products that MtronPTI currently provides.

6
The following is a summary of the preliminary purchase price allocation to the estimated fair values of assets acquired and liabilites assumed in the PTF Acquisition (in thousands):

Purchase consideration
  
$
295
  
         
Net assets acquired:
        
Current assets
    
45
  
Fixed assets
    
85
  
Intangible assets
    
214
  
Current liabilities
    
(45
)
Net assets acquired
  
$
299
  
         
Bargain purchase gain
  
$
(4
)

The assets acquired and and liabilites assumed by PTF were done so through the distressed sale of PTF Inc. and  resulted in a bargain purchase gain which is recorded in other income (expense), net in the accompanying condensed consolidated statements of operations for the three and nine months ended September 30, 2016.

Management estimated the fair value of net assets acquired using valuation techniques including income, cost and market approaches. In estimating the fair value of acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenues and cash flows, expected future growth rates and estimated discount rates. The allocation of the purchase price is preliminary as the third party valuation report is not finalized and may be adjusted during the remainder of fiscal 2016.  The items still under review include the fair value of inventory, fixed assets and intangible assets. 

The following table sets forth certain unaudited pro forma information for the three and nine months ended September 30, 2016 and 2015 assuming that the PTF Acquisition occurred on January 1, 2015 (in thousands, except per share data):

   
Three Months Ended
September 30, 2016
    
Nine Months Ended
September 30, 2016
  
   
Historical
    
Pro Forma Adjustments
    
Pro Forma
    
Historical
    
Pro Forma Adjustments
    
Pro Forma
  
                                     
Revenue
  
$
5,188
    
$
—
    
$
5,188
    
$
15,353
    
$
—
    
$
15,353
  
Net income (loss)
  
$
29
    
$
34
    
$
63
    
$
(90
)
  
$
25
    
$
(65
)
                                                 
Basic net income (loss) per share
  
$
0.01
    
$
0.01
    
$
0.02
    
$
(0.03
)
  
$
0.01
    
$
(0.02
)
Diluted net income (loss) per share
  
$
0.01
    
$
0.01
    
$
0.02
    
$
(0.03
)
  
$
0.01
    
$
(0.02
)

   
Three Months Ended
September 30, 2015
    
Nine Months Ended
September 30, 2015
  
   
Historical
    
Pro Forma Adjustments
    
Pro Forma
    
Historical
    
Pro Forma Adjustments
    
Pro Forma
  
                                     
Revenue
  
$
4,979
    
$
—
    
$
4,979
    
$
16,219
    
$
—
    
$
16,219
  
Net loss
  
$
(205
)
  
$
(42
)
  
$
(247
)
  
$
(605
)
  
$
(51
)
  
$
(656
)
                                                 
Basic net loss per share
  
$
(0.08
)
  
$
(0.01
)
  
$
(0.09
)
  
$
(0.23
)
  
$
(0.02
)
  
$
(0.25
)
Diluted net loss per share
  
$
(0.08
)
  
$
(0.01
)
  
$
(0.09
)
  
$
(0.23
)
  
$
(0.02
)
  
$
(0.25
)

The pro forma adjustments include amortization expense related to the acquired intangible assets and an adjustment to remove acquisition related expenses incurred in 2016 that for pro forma purposes should be reflected in 2015.

The net sales included in the Company's consolidated statement of operations which were generated by the PTF Acquisition from the acquisition closing date of September 2, 2016 through September 30, 2016 was $14,000. The losses included in the Company's condensed consolidated statement of operations derived from the PTF Acquisition's business from the acquisition closing date to September 30, 2016 were ($50,000).
 
Acquisition-related costs for purposes of accounting principles generally accepted in the United States of America ("GAAP") are costs the acquirer incurs to effect a business combination, including advisory, legal, accounting, valuation, and other professional or consulting fees.  The Company incurred a total of approximately $38,000 of acquisition-related costs charged to engineering, general and administrative expenses during the three and nine months ended September 30, 2016.
 
 
C.
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2016.

7
This interim information should be read in conjunction with the consolidated financial statements and related notes thereto set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (the "SEC") on March 29, 2016. The accompanying unaudited condensed consolidated financial statements should also be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q.

D.
Inventories

Inventories are valued at the lower of cost or market value using the FIFO (first-in, first-out) method. The Company reduces the value of its inventories to market value when the market value is believed to be less than the cost of the item.  The inventory reserve for obsolescence as of September 30, 2016 and December 31, 2015 was $2,873,000 and $3,016,000, respectively.

Inventories are comprised of the following (in thousands):

   
September 30, 2016
    
December 31, 2015
  
             
Raw materials
  
$
1,387
    
$
1,418
  
Work in process
    
1,391
      
1,325
  
Finished goods
    
919
      
803
  
Total Inventories, net
  
$
3,697
    
$
3,546
  

E.
Intangible Assets

Intangible assets are recorded at cost less accumulated amortization and included in engineering, selling and administrative expenses in the accompanying condensed consolidated statements of operations. Amortization is computed for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range up to 10 years. The intangible assets consist of intellectual property and goodwill. As a result of the PTF Acquisition, the gross carrying amount of intangible assets increased from $538,000 at December 31, 2015 to $752,000 at September 30, 2016. The net carrying value of the amortizable intangible assets was $607,000 and $435,000 as of September 30, 2016 and December 31, 2015, respectively. Goodwill, which is not amortizable, was $40,000 as of September 30, 2016 and December 31, 2015.

The estimated aggregate amortization expense for the remaining portion of 2016 and each of the four succeeding years and thereafter is as follows (in thousands):

2016
  
$
19
  
2017
    
75
  
2018
    
75
  
2019
    
75
  
2020
    
75
  
Thereafter
    
288
  
Total
  
$
607
  

F.
CNB Loan

On September 30, 2016, MtronPTI renewed its Loan Agreement (the "CNB Loan Agreement"), with City National Bank of Florida ("City National"). The CNB Loan Agreement provides for a revolving line of credit in the amount of $3.0 million (the "CNB Revolver"), which bears interest at a variable rate equal to 30-day LIBOR plus 200 basis points to be set on the first day of each month, and expires on September 30, 2018. The CNB Loan Agreement also provides that MtronPTI will pay City National a fee equal to 0.75% per year on the daily unused amount. The Company's obligations under the CNB Loan Agreement are secured only by cash collateral and do not require any other liens.
8
At September 30, 2016 and December 31, 2015, there was no balance outstanding under the CNB Revolver and no associated restricted cash.

G.
Stock-Based Compensation

The Company measures the cost of employee services in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the requisite service period, typically the vesting period.

The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. The Company also estimates forfeitures at the time of grant and revises, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

Restricted stock awards are made at a value equal to the market price of the Company's common stock on the date of the grant.

On September 2, 2016, the Company's board of directors (the "Board") granted a total of 28,000 options to purchase shares of the Company's common stock to members of executive management pursuant to the Company's Amended and Restated 2011 Incentive Plan. These stock options have an exercise price equal to the grant date fair value of the Company's common stock of $3.90, a three-year life expiring on September 2, 2021, and vest as follows: 25% on the grant date; 25% on the first anniversary of the grant date; an additional 25% on the second anniversary of the grant date; and the remaining 25% on the third anniversary of the grant date. These stock options have a grant date fair value of $0.89 per option.

Compensation expense related to share-based compensation is recognized over the applicable vesting periods. As of September 30, 2016, there was approximately $38,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements that will be recognized over a weighted average period of 2.2 years..

H.
Net Income (Loss) Per Share

The Company computes net income (loss) per share in accordance with Accounting Standards Codification ("ASC") 260, Earnings Per Share ("ASC 260").  Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share adjusts basic income (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive. Shares of restricted stock granted to members of the Board as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic income (loss) per share.

For the three and nine months ended  September 30, 2016 there were options to purchase 130,554 shares and 139,902 shares, respectively, of the Company's common stock and warrants to purchase 519,241 shares of common stock that were excluded from the diluted income (loss) per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive during the respective periods.

For the three and nine months ended  September 30, 2015, there were options to purchase 189,023 shares of the Company's common stock and warrants to purchase 519,241 shares of common stock that were excluded from the diluted income (loss) per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive during the respective periods.
9
The following table reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding for the three and nine months ended September 30, 2016 and 2015

   
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
   
2016
    
2015
    
2016
    
2015
  
                         
  Weighted average shares outstanding - basic
    
2,665,189
      
2,652,779
      
2,665,352
      
2,635,794
  
  Effect of diluted securities
    
642
      
—
      
—
      
—
  
Weighted average shares outstanding - diluted
    
2,665,831
      
2,652,779
      
2,665,352
      
2,635,794
  

I.
Stockholders' Equity

On August 29, 2011, the Board authorized the Company to repurchase up to 100,000 shares of its common stock in accordance with applicable securities laws. This authorization increased the total number of shares authorized and available for repurchase under the Company's existing share repurchase program to 540,000 shares, at such times, amounts and prices as the Company shall deem appropriate. As of September 30, 2016, the Company had repurchased a total of 80,534 shares of common stock at a cost of $576,000, which shares are currently held in treasury.

On August 6, 2013, the Company distributed warrants to purchase shares of the Company's common stock as a dividend to holders of the Company's common stock on July 29, 2013, the record date for the dividend. Stockholders received five warrants for each share of the Company's common stock owned on the record date. When exercisable, 25 warrants will entitle their holder to purchase one share of the Company's common stock at an exercise price of $7.50 per share (subject to adjustment).

The warrants are "European style warrants" and will only become exercisable on the earlier of (i) their expiration date, August 6, 2018, and (ii) such date that the 30-day volume weighted average price per share, or VWAP, of the Company's common stock is greater than or equal to $15.00 (subject to adjustment). Once the warrants become exercisable, they may be exercised in accordance with the terms of the warrant agreement between the Company and the warrant agent until their expiration at 5:00 p.m., Eastern Time, on the expiration date.

The warrants are quoted on the over-the-counter market under the symbol "LGLPW."

J.
Fair Value Measurements

The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures.  These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company. 

Fair Value Hierarchy

GAAP defines fair value, establishes a framework for measuring fair value, and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.  Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:

Level 1.
Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2.
Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.

10
Level 3.
Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.

The following is a summary of valuation techniques utilized by the Company for its significant financial and non-financial assets and liabilities as of September 30, 2016 and December 31, 2015:
The following is a summary of valuation techniques utilized by the Company for its significant financial and non-financial assets and liabilities as of September 30, 2016 and December 31, 2015:

Assets

To estimate the fair value of its equity and U.S. Treasury securities (Level 1), the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below (in thousands).

   
Level 1
    
Level 2
    
Level 3
    
Total
September 30, 2016
  
Equity securities 
  
$
55
    
$
—
    
$
—
    
$
55
  
U.S. Treasury securities (cash equivalents)
  
$
3,695
    
$
—
    
$
—
    
$
3,695
  

   
Level 1
    
Level 2
    
Level 3
    
Total
December 31, 2015
  
Equity securities 
  
$
56
    
$
—
    
$
—
    
$
56
  
U.S. Treasury securities (cash equivalents)
  
$
4,089
    
$
—
    
$
—
    
$
4,089
  

There were no transfers from level 2 to level 3 during the period. There were no level 2 or 3 assets  as of September 30, 2016 or December 31, 2015.

The Company also has assets that may be subject to measurement at fair value on a non-recurring basis, including goodwill and intangible assets, and other long-lived assets. The Company reviews the carrying value of these assets whenever events and circumstances indicate that the carrying amounts of the assets may not be recoverable. If it is determined that the assets are impaired, the carrying value would be reduced to estimated fair value.

K.
Foreign Revenues

For the three and nine months ended September 30, 2016 and 2015, significant foreign revenues from operations (10% or more of foreign sales) were as follows (in thousands):

   
Three Months Ended
September 30,
  
   
2016
    
2015
  
Significant Foreign Revenues:
            
Malaysia 
  
$
694
    
$
451
  
All other foreign countries 
    
655
      
629
  
Total foreign revenues 
  
$
1,349
    
$
1,080
  

11
   
Nine Months Ended
September 30,
  
   
2016
    
2015
  
Significant Foreign Revenues:
            
Malaysia 
  
$
2,202
    
$
1,749
  
All other foreign countries 
    
1,880
      
2,407
  
Total foreign revenues 
  
$
4,082
    
$
4,156
  

The Company allocates its foreign revenue based on the customer's ship-to location.

L.
Commitments and Contingencies

In the normal course of business, the Company and its subsidiaries may become defendants in certain product liability, patent infringement, worker claims and other litigation.  The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. The Company is not involved in any legal proceedings other than routine litigation arising in the normal course of business, none of which the Company believes will have a material adverse effect on the Company's business, financial condition or results of operations.

M.
Related Party Transactions

At September 30, 2016 and December 31, 2015, approximately $3,695,000 and $4,089,000, respectively, was invested in United States Treasury money market funds managed by a related entity (the "Fund Manager") which is related through a common director. One of the Company's directors, who is also a 10% stockholder, currently serves as a director and executive officer of the Fund Manager. The fund transactions during the nine months ended September 30, 2016 and for the year ended December 31, 2015, were directed solely at the discretion of Company management. There are no management fees associated with fund transactions.

12
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion and analysis of the Company's financial condition and results of operations should be read in conjunction with the condensed consolidated financial statements, the notes thereto and the other unaudited financial data included in this Quarterly Report on Form 10-Q. The following discussion should also be read in conjunction with the audited consolidated financial statements and the notes thereto, and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015.

Forward-Looking Statements

Certain statements contained in this Quarterly Report on Form 10-Q of the Company and the Company's other communications and statements, other than historical facts, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company intends for all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act, as applicable by law. Such statements include, in particular, statements about the Company's beliefs, plans, objectives, goals, expectations, estimates, projections and intentions. These statements are subject to significant risks and uncertainties and are subject to change based on various factors, many of which are beyond the Company's control. The words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "target," "goal," and similar expressions are intended to identify forward-looking statements. All forward-looking statements, by their nature, are subject to risks and uncertainties. Therefore, such statements are not intended to be a guarantee of the Company's performance in future periods. The Company's actual future results may differ materially from those set forth in the Company's forward-looking statements. For information concerning these factors and related matters, see "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the the SEC on March 29, 2016, this Report and our other filings with the SEC. However, other factors besides those referenced could adversely affect the Company's results, and you should not consider any such list of factors to be a complete set of all potential risks or uncertainties. Any forward-looking statements made by the Company herein speak as of the date of this Report. The Company does not undertake to update any forward-looking statement, except as required by law. As a result, you should not place undue reliance on these forward-looking statements.

Results of Operations

Three months ended September 30, 2016 compared to three months ended September 30, 2015

Consolidated Revenues, Gross Margin and Backlog

Total revenues for the three months ended September 30, 2016 were $5,128,000, an increase of 6.9% from revenues of $4,796,000 for the same prior year period.  The increase is being driven by the Company's strategy to move away from low margin commodities business and focus on achieving revenue growth through the development of more complex, higher margin products, particularly in the Aerospace and Defense ("Aero/Defense") market segment.

Consolidated gross margin, which is consolidated revenues less manufacturing cost of sales, as a percentage of revenues increased to 34.6% from 33.1% for the three months ended September 30, 2016, compared to the same prior year period.

As of September 30, 2016, the Company's order backlog was $11,017,000, which was an increase of 25.4% compared to the backlog as of September 30, 2015, which was $8,783,000. The backlog of unfilled orders includes amounts based on signed contracts as well as agreed letters of intent, which MtronPTI has determined are firm orders and likely to proceed.  Although backlog represents only firm orders that are considered likely to be fulfilled within the 12 months following receipt of the order, cancellations or scope adjustments may and do occur.

Order backlog is adjusted quarterly to reflect project cancellations, deferrals, revised project scope and cost, and sales of subsidiaries, if any.  The Company expects to fill its entire backlog within the next 12 months, but cannot provide assurances as to what portion of the order backlog will be fulfilled in a given year.
 
13
Operating Loss

Operating loss was ($28,000) for the three months ended September 30, 2016, compared to ($154,000) for the three months ended September 30, 2015.  The improvement is due to a 6.9% increase in revenue and a 1.5 percentage point increase in gross margin offset by approximately $38,000 of one-time period costs related to the PTF Acquisition.

Stock-Based Compensation

For the three months ended September 30, 2016, stock-based compensation expense was $8,000, compared to $14,000 for the three months ended September 30, 2015. Compensation expense related to stock-based compensation is recognized over the applicable vesting periods. As of September 30, 2016, there was approximately $38,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements.

Income Taxes

The Company recorded a tax benefit (provision) of $0 and ($2,000) for the three months ended September 30, 2016 and 2015, respectively.

The Company maintains a full valuation allowance against its deferred tax assets under the provisions of ASC 740, Income Taxes, ("ASC 740"), based on the Company's assessment of the uncertainty surrounding the realization of the favorable U.S. tax benefits in future tax returns. When assessing the need for valuation allowances, the Company considers future taxable income and ongoing prudent and feasible tax planning strategies. Should a change in circumstances lead to a change in judgment about the ability to realize deferred tax assets in future years, the Company will adjust related valuation allowances in the period that the change in circumstances occurs, along with a corresponding increase or charge to income.

Other Income (Expense), Net

For the three months ended September 30, 2016, other income, net was $67,000 compared to other expense, net of ($23,000) for the three months ended September 30, 2015. The current period consists primarily of $74,000 of net insurance proceeds received for damaged equipment and inventory and a $4,000 bargain purchase gain resulting from the PTF Acquisition. The prior year expense consists primarily of foreign currency transaction losses.

Net Income (Loss)

For the three months ended September 30, 2016, the Company reported net income of $32,000, compared to a net loss of ($195,000) for the comparable period in 2015. Basic and diluted net income (loss) per share for the three month periods ended September 30, 2016 and 2015, was $0.01 and ($0.07), respectively.

Nine months ended September 30, 2016 compared to nine months ended September 30, 2015

Consolidated Revenues, Gross Margin and Backlog

Total revenues for the nine months ended September 30, 2016 were $15,115,000, a decrease of 3.5% from revenues of $15,671,000 for the same prior year period.  Price compression from offshore manufacturers has reduced the number of economically feasible opportunities in the Internet Communications Technology market segment. The Company has moved away from such low margin commodities business and is focused on achieving revenue growth through the development of more complex, higher margin products, particularly in the Aero/Defense market segment.

Consolidated gross margin, which is consolidated revenues less manufacturing cost of sales, as a percentage of revenues was 33.4% for the nine months ended September 30, 2016, compared to 33.0% for the nine months ended September 30, 2015.

As of September 30, 2016, the Company's order backlog was $11,017,000, which was an increase of 25.2% compared to the backlog as of December 31, 2015, which was $8,799,000.

14
Operating Loss

Operating loss of ($164,000) for the nine months ended September 30, 2016 improved by $484,000 compared to an operating loss of ($648,000) for the comparable period in 2015.  The improvement is due to a reduction in engineering, selling and administrative expenses which were 34.5% of revenue for the nine months ended September 30, 2016, compared to 37.2% of revenue for the comparable prior year period, partially offset by a 3.5% decrease in revenue.

Stock-Based Compensation

For the nine months ended September 30, 2016, stock-based compensation expense was ($4,000) due to the effect of actual forfeitures. For the nine  months ended September 30, 2015, stock-based compensation expense was $201,000. Compensation expense related to stock-based compensation is recognized over the applicable vesting periods. As of September 30, 2016, there was approximately $38,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements.

Income Taxes

The Company recorded a tax benefit (provision) of $1,000 and ($13,000) for the three months ended September 30, 2016 and 2015, respectively.

The Company maintains a full valuation allowance against its deferred tax assets under the provisions of ASC 740, based on the Company's assessment of the uncertainty surrounding the realization of the favorable U.S. tax benefits in future tax returns.  When assessing the need for valuation allowances, the Company considers future taxable income and ongoing prudent and feasible tax planning strategies.  Should a change in circumstances lead to a change in judgment about the ability to realize deferred tax assets in future years, the Company will adjust related valuation allowances in the period that the change in circumstances occurs, along with a corresponding increase or charge to income.

Other Income

For the nine months ended September 30, 2016, other income, net was $105,000 compared to $112,000 for the nine months ended September 30, 2015. The current period consists of approximately $118,000 of net insurance proceeds received for damaged equipment and inventory and a $4,000 bargain purchase gain resulting from the PTF Acquisition, offset by other expenses. The prior period consists of approximately $159,000 of net insurance proceeds received for damaged equipment and inventory, partially offset by foreign currency transaction gains.

Net Loss

Net loss for the nine months ended September 30, 2016 improved to ($78,000), compared to a net loss of ($574,000) for the comparable period in 2015. Basic and diluted net loss per share for the nine month periods ended September 30, 2016 and 2015 was ($0.03) and ($0.22), respectively.

Liquidity and Capital Resources

Cash and cash equivalents decreased by $100,000, to $5,453,000 as of September 30, 2016 from $5,553,000 at December 31, 2015.

Cash provided by operating activities was $268,000 and $1,025,000 for the nine months ended September 30, 2016 and 2015, respectively.  The $757,000 decrease was primarily due to a decrease in non-cash adjustments for depreciation, stock-based compensation, gain on disposal of assets and bargain purchase gain totaling ($366,000), and net changes in working capital accounts of ($887,000), offset by an improvement in net loss of $496,000.

Cash used in investing activities for the nine months ended September 30, 2016 and 2015 was ($364,000) and ($276,000), respectively. For the nine months ended September 30, 2016 the Company used ($295,000) to investment in the PTF Acquisition and ($112,000) to invest in capital expenditures. These investments were offset by insurance proceeds of $43,000. For the nine months ended September 30, 2015 the Company invested ($370,000) in capital expenditures. These investments were offset by insurance proceeds of $94,000.

15
For the nine months ended September 30, 2016 the Company used $4,000 to purchase treasury shares. There were no financing activities for the nine months ended September 30, 2015.

As of September 30, 2016, the Company's consolidated working capital was $9,974,000, compared to $9,876,000 at December 31, 2015.  As of September 30, 2016, the Company had current assets of $12,579,000, current liabilities of $2,605,000 and a ratio of current assets to current liabilities of 4.83 to 1.00.  As of December 31, 2015, the Company had current assets of $11,952,000, current liabilities of $2,076,000 and a ratio of current assets to current liabilities of 5.76 to 1.00.  Management continues to focus on efficiently managing working capital requirements to match operating activity levels.

On September 30, 2016, MtronPTI renewed its Loan Agreement (the "CNB Loan Agreement") with City National Bank of Florida ("City National"). The CNB Loan Agreement provides for a revolving line of credit in the amount of $3.0 million (the "CNB Revolver"), which bears interest at a variable rate equal to 30-day LIBOR plus 200 basis points to be set on the first day of each month, and expires on September 30, 2018. The CNB Loan Agreement also provides that MtronPTI will pay City National a fee equal to 0.75% per year on the daily unused amount. The Company's obligations under the CNB Loan Agreement are secured only by cash collateral and do not require any other liens.

In connection with the CNB Loan Agreement, MtronPTI also entered into a Cash Collateral Agreement with City National (the "CNB Cash Collateral Agreement") and delivered a Revolving Promissory Note in the principal amount of $3.0 million to City National (the "CNB Revolving Promissory Note").

The CNB Cash Collateral Agreement provides that MtronPTI will hold cash collateral equal to any amounts outstanding under the CNB Revolver in a non-interest bearing deposit account with City National. Provided that MtronPTI is not in default of any of its obligations under the CNB Loan Agreement, the CNB Revolving Promissory Note or the CNB Cash Collateral Agreement, the funds collateralizing the CNB Revolver are restricted only to the extent of the outstanding principal amount under the CNB Revolver. At September 30, 2016 and December 31, 2015, there was no balance outstanding under the CNB Revolver and no associated restricted cash.

The Company believes that existing cash and cash equivalents and cash generated from operations will be sufficient to meet its ongoing working capital and capital expenditure requirements for the next 12 months.  However, the Company may seek additional capital to fund future growth in its business, to provide flexibility to respond to dynamic market conditions, or to fund its strategic growth objectives.  

The Board has adhered to a practice of not paying cash dividends.  This policy takes into account our long-term growth objectives, including our anticipated investments for organic growth, potential technology acquisitions or other strategic ventures, and stockholders' desire for capital appreciation of their holdings.  No cash dividends have been paid to the Company's stockholders since January 30, 1989, and none are expected to be paid for the foreseeable future.

Critical Accounting Policies

The Company's accounting policies and condensed consolidated financial statements have been established to conform with GAAP. The preparation of financial statements in conformity with GAAP requires the Company to use judgment in the application of accounting policies, including making estimates and assumptions. These judgments affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Management believes that the Company has made these estimates and assumptions in an appropriate manner and in a way that accurately reflects the Company's financial condition. The Company continually tests and evaluates these estimates and assumptions using its historical knowledge of the business, as well as other factors, to ensure that they are reasonable for reporting purposes. However, actual results may differ from these estimates and assumptions. If the Company's judgment or interpretation of the facts and circumstances relating to various transactions had been different, it is possible that different accounting policies would have been applied, thus resulting in a different presentation of the financial statements. Additionally, other companies may utilize different estimates that may impact comparability of the Company's results of operations to those of companies in similar businesses. The Company believes the following critical accounting policies govern the significant judgments and estimates used in the preparation of the financial statements, which should be read in conjunction with the more complete discussion of accounting policies and procedures included in Note A – Accounting and Reporting Policies to the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2015.
 
16
The Company's most critical accounting policies include revenue recognition, accounts receivable allowance, valuation of inventories, accounting for warranty obligations, accounting for income taxes, and accounting for stock-based compensation.

Revenue Recognition

The Company recognizes revenue from the sale of its product in accordance with the criteria in ASC 605, Revenue Recognition, which are:

‒
Persuasive evidence that an arrangement exists;

‒
Delivery has occurred;

‒
The seller's price to the buyer is fixed and determinable; and

‒
Collectability is reasonably assured.

The Company meets these conditions upon shipment because title and risk of loss passes to the customer at that time.  However, the Company offers a limited right of return and/or authorized price protection provisions in its agreements with certain electronic component distributors who resell the Company's products to original equipment manufacturers or electronic manufacturing services companies.  As a result, the Company estimates and records a reserve for future returns and other charges against revenue at the time of shipment consistent with the terms of sale. The reserve is estimated based on historical experience with each respective distributor.  The amount of the reserve at September 30, 2016 and December 31, 2015 is not material to the financial statements.

The Company recognizes revenue related to transactions with a right of return and/or authorized price protection provisions when the following conditions are met:

‒
Seller's price to the buyer is fixed or determinable at the date of sale;

‒
Buyer has paid the seller, or the buyer is obligated to pay the seller and the obligation is not contingent on resale of the product;

‒
Buyer's obligation to the seller would not be changed in the event of theft or physical destruction or damage of the product;

‒
Buyer acquiring the product for resale has economic substance apart from that provided by the seller;

‒
Seller does not have obligations for future performance; and

‒
The amount of future returns can be reasonably estimated.

Accounts Receivable Allowance

Accounts receivable on a consolidated basis consists principally of amounts due from both domestic and foreign customers.  Credit is extended based on an evaluation of the customer's financial condition and collateral is not generally required.  In relation to export sales, the Company generally requires letters of credit supporting a significant portion of the sales price prior to production to limit exposure to credit risk.  Certain credit sales are made to industries that are subject to cyclical economic changes.

17
The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments.  Estimates are based on historical collection experience, current trends, credit policy and relationship between accounts receivable and revenues.  In determining these estimates, the Company examines historical write-offs of its receivables and reviews each client's account to identify any specific customer collection issues.  If the financial condition of its customers were to deteriorate, resulting in an impairment of their ability to make payment, additional allowances might be required.  The Company's failure to estimate the losses for doubtful accounts accurately and ensure that payments are received on a timely basis could have a material adverse effect on its business, financial condition and results of operations.

Inventory Valuation

Inventories are stated at the lower of cost using the FIFO (first-in, first-out) method and market value.

The Company maintains a reserve for inventory based on estimated losses that result from inventory that becomes obsolete as of period end. In determining these estimates, the Company performs an analysis on demand and usage for each inventory item over historical time periods.  Based on that analysis, the Company reserves a percentage of the inventory amount within each time period based on historical demand and usage patterns of specific items in inventory.
 
Warranties

The Company offers a standard one-year warranty. The Company tests its products prior to shipment in order to ensure that they meet each customer's requirements based upon specifications received from each customer at the time its order is received and accepted. The Company's customers may request to return products for various reasons, including but not limited to the customers' belief that the products are not performing to specification. The Company's return policy states that it will accept product returns only with prior authorization and if the product does not meet customer specifications, in which case the product would be replaced or repaired. To accommodate the Company's customers, each request for return is reviewed, and if and when it is approved, a return materials authorization ("RMA") is issued to the customer. Each month the Company records a specific warranty reserve for approved RMAs covering products that have not yet been returned. The Company does not maintain a general warranty reserve because, historically, valid warranty returns resulting from a product not meeting specifications or being non-functional have been immaterial.

Income Taxes

Significant management judgment is required in determining the provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against net deferred tax assets. The future recoverability of the Company's net deferred tax assets is dependent upon the generation of future taxable income prior to the expiration of the loss carry forwards. The Company maintains a full valuation allowance against the Company's net deferred tax assets.  The valuation allowance was calculated in accordance with the provisions of ASC 740, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance.  The Company intends to maintain a valuation allowance until sufficient positive evidence exists to support its reversal.

Stock-Based Compensation

The Company measures the cost of employee services in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the requisite service period, typically the vesting period.

The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. The Company also estimates forfeitures at the time of grant and revises, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Based upon past history of actual performance, forfeiture rates ranging from zero percent to twenty-five percent have been assumed for options granted.

Stock awards are made at a value equal to the market price of the Company's common stock on the date of the grant.
18
Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures that are designed to provide reasonable assurance that information required to be disclosed in the Company's reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms, and that such information is accumulated and communicated to the Company, including the Company's principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, the Company recognizes that no controls and procedures, no matter how well designed and operated, can provide absolute assurance of achieving the desired control objectives.

As required by Rules 13a-15(b) and 15d-15(b) of the Exchange Act, an evaluation as of September 30, 2016 was conducted under the supervision and with the participation of the Company's management, including the Company's principal executive officer and principal financial officer, of the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Based on this evaluation, the Company's principal executive officer and principal financial officer concluded that the Company's disclosure controls and procedures, as of September 30, 2016, were effective at a reasonable assurance level.

Notwithstanding the foregoing, on September 2, 2016, the Company completed the PTF Acquisition, and management has excluded the assets acquired and liabilities assumed in this transaction from its assessment of the effectiveness of disclosure controls and processes as of September 30, 2016.

Changes in Internal Control Over Financial Reporting

Except as set forth below, during the fiscal quarter ended September 30, 2016, there were no changes in the Company's internal controls over financial reporting, or in other factors that could significantly affect these controls, that materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

Notwithstanding the foregoing, as permitted by guidance provided by the SEC, companies are allowed to exclude certain acquisitions from their assessment of internal controls over financial reporting during the first year of an acquisition while integrating the acquired company. As plans to integrate PTF Inc.'s processes and systems into the Company's structure are developed and accomplished, management will continue to update its assessment at each reporting period.
19
PART II

OTHER INFORMATION

Item 1. Legal Proceedings.

None.

Item 1A. Risk Factors.

Not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4.. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.
Item 6. Exhibits.

The following exhibits are included, or incorporated by reference, in this Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2016 (and are numbered in accordance with Item 601 of Regulation S-K):
Exhibit No.
 
Description
   
3.1
Certificate of Incorporation of The LGL Group, Inc. (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed with the SEC on August 31, 2007).
3.2
The LGL Group, Inc. By-Laws (incorporated by reference to Exhibit 3.2 to the Company's Current Report on Form 8-K filed with the SEC on August 31, 2007).
3.3
The LGL Group, Inc. Amendment No. 1 to By-Laws (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed with the SEC on June 17, 2014).
4.1
Warrant Agreement, dated as of July 30, 2013, by and among The LGL Group, Inc., Computershare Inc. and Computershare Trust Company, N.A. (incorporated by reference to Exhibit 4.1 to the Company's Quarterly Report on Form 10-Q filed with the SEC on August 14, 2013).
31.1*
Certification of the Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*
Certification of the Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**
Certification of the Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**
Certification of the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*
XBRL Instance Document
101.SCH*
XBRL Taxonomy Extension Schema Document
101.CAL*
XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*
XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*
XBRL Taxonomy Extension Label Linkbase Document
101.PRE*
XBRL Taxonomy Extension Presentation Linkbase Document
____________

* Filed herewith

** In accordance with Item 601(b)(32) of Regulation S-K, this Exhibit is not deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section. Such certifications will not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent that the registrant specifically incorporates it by reference.
20
SIGNATURES

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

   
THE LGL GROUP, INC.
     
     
Date: November 10, 2016
  
By:
/s/ Michael J. Ferrantino, Sr.
     
Michael J. Ferrantino, Sr.
     
Chief Executive Officer
(Principal Executive Officer)
       
       
Date: November 10, 2016
  
By:
/s/ Patti A. Smith
     
Patti A. Smith
     
Chief Financial Officer
(Principal Financial and Accounting Officer)
       
       

21
 EX-31.1 2 ex31-1_ceo302cert.htm EX 31-1 CEO 302 CERTIFICATION
EXHIBIT 31.1


CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Michael J. Ferrantino, Sr., certify that:

1.
I have reviewed this quarterly report on Form 10-Q of The LGL Group, Inc. for the quarterly period ended September 30, 2016;

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

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

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

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

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

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

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

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

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

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

November 14, 2016
  
/s/ Michael J. Ferrantino, Sr.
   
Name:
Michael J. Ferrantino, Sr.
   
Title:
President and Chief Executive Officer
(Principal Executive Officer)
EX-31.2 3 ex31-2_cfo302cert.htm EX 31.2 CFO 302 CERTIFICATION
EXHIBIT 31.2
CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Patti A. Smith, certify that:

1.
I have reviewed this quarterly report on Form 10-Q of The LGL Group, Inc. for the quarterly period ended September 30, 2016;

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

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

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

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

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

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

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

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

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

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

November 14, 2016
  
/s/ Patti A. Smith
   
Name:
Patti A. Smith
   
Title:
Chief Financial Officer
(Principal Financial Officer)
EX-32.1 4 ex32-1_ceo906cert.htm EX 32.1 CEO 906 CERTIFICATION
EXHIBIT 32.1

CERTIFICATION OF THE PRINCIPAL EXECUTIVE OFFICER
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of The LGL Group, Inc., (the "Company") on Form 10-Q for the quarterly period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Michael J. Ferrantino, Sr., President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

November 14, 2016
  
/s/ Michael J. Ferrantino, Sr.
   
Name:
Michael J. Ferrantino, Sr.
   
Title:
President and Chief Executive Officer
(Principal Executive Officer)
EX-32.2 5 ex32-2_cfo906cert.htm EX 32.2 CFO 906 CERTIFICATION
EXHIBIT 32.2
CERTIFICATION OF THE PRINCIPAL FINANCIAL OFFICER
PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of The LGL Group, Inc., (the "Company") on Form 10-Q for the quarterly period ended September 30, 2016, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Patti A. Smith, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

1.
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

November 14, 2016
  
/s/ Patti A. Smith
   
Name:
Patti A. Smith
   
Title:
Chief Financial Officer
(Principal Financial Officer)
EX-101.INS 6 lgl-20160930.xml XBRL INSTANCE DOCUMENT 0000061004 2016-01-01 2016-09-30 0000061004 2016-09-30 0000061004 2015-12-31 0000061004 2016-07-01 2016-09-30 0000061004 2015-01-01 2015-09-30 0000061004 2015-07-01 2015-09-30 0000061004 us-gaap:CommonStockMember 2015-12-31 0000061004 us-gaap:AdditionalPaidInCapitalMember 2015-12-31 0000061004 us-gaap:RetainedEarningsMember 2015-12-31 0000061004 us-gaap:TreasuryStockMember 2015-12-31 0000061004 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2015-12-31 0000061004 us-gaap:CommonStockMember 2016-01-01 2016-09-30 0000061004 us-gaap:AdditionalPaidInCapitalMember 2016-01-01 2016-09-30 0000061004 us-gaap:RetainedEarningsMember 2016-01-01 2016-09-30 0000061004 us-gaap:TreasuryStockMember 2016-01-01 2016-09-30 0000061004 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-01-01 2016-09-30 0000061004 us-gaap:CommonStockMember 2016-09-30 0000061004 us-gaap:AdditionalPaidInCapitalMember 2016-09-30 0000061004 us-gaap:RetainedEarningsMember 2016-09-30 0000061004 us-gaap:TreasuryStockMember 2016-09-30 0000061004 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2016-09-30 0000061004 2014-12-31 0000061004 2015-09-30 0000061004 lgl:PreciseTimeAndFrequencLLCMember 2016-01-01 2016-09-30 0000061004 lgl:MTronIndustriesLtdMember 2016-01-01 2016-09-30 0000061004 lgl:MTronAsiaLlcMemberMember 2016-01-01 2016-09-30 0000061004 lgl:PiezoTechnologyIncMember 2016-01-01 2016-09-30 0000061004 lgl:MTronIndustriesIncMember 2016-01-01 2016-09-30 0000061004 lgl:PiezoTechnologyIndiaPrivateLtdMember 2016-01-01 2016-09-30 0000061004 lgl:GCOpportunitiesLtdMember 2016-01-01 2016-09-30 0000061004 lgl:MTronServicesLtdMember 2016-01-01 2016-09-30 0000061004 lgl:LynchSystemsIncMember 2016-01-01 2016-09-30 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember 2016-01-01 2016-09-30 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember us-gaap:SalesMember 2016-09-01 2016-09-30 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember us-gaap:OperatingIncomeLossMember 2016-09-01 2016-09-30 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember us-gaap:GeneralAndAdministrativeExpenseMember 2016-01-01 2016-09-30 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember us-gaap:GeneralAndAdministrativeExpenseMember 2016-07-01 2016-09-30 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember 2016-09-02 2016-09-02 0000061004 lgl:PreciseTimeAndFrequencyIncorporatedMember 2016-09-02 0000061004 us-gaap:RevolvingCreditFacilityMember 2016-09-30 0000061004 us-gaap:RevolvingCreditFacilityMember us-gaap:LondonInterbankOfferedRateLIBORMember 2016-09-30 0000061004 us-gaap:RevolvingCreditFacilityMember 2016-01-01 2016-09-30 0000061004 us-gaap:RevolvingCreditFacilityMember 2015-12-31 0000061004 lgl:IncentivePlan2011Member us-gaap:ManagementMember us-gaap:EmployeeStockOptionMember 2016-01-01 2016-09-30 0000061004 lgl:IncentivePlan2011Member us-gaap:ManagementMember us-gaap:EmployeeStockOptionMember 2016-09-30 0000061004 us-gaap:OptionMember 2015-07-01 2015-09-30 0000061004 us-gaap:WarrantMember 2016-07-01 2016-09-30 0000061004 us-gaap:WarrantMember 2015-07-01 2015-09-30 0000061004 us-gaap:WarrantMember 2015-01-01 2015-09-30 0000061004 us-gaap:OptionMember 2016-01-01 2016-09-30 0000061004 us-gaap:OptionMember 2016-07-01 2016-09-30 0000061004 us-gaap:WarrantMember 2016-01-01 2016-09-30 0000061004 us-gaap:OptionMember 2015-01-01 2015-09-30 0000061004 2011-08-29 0000061004 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2016-09-30 0000061004 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2015-12-31 0000061004 us-gaap:USTreasurySecuritiesMember 2015-12-31 0000061004 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2015-12-31 0000061004 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2016-09-30 0000061004 us-gaap:FairValueInputsLevel2Member us-gaap:EquitySecuritiesMember 2015-12-31 0000061004 us-gaap:FairValueInputsLevel1Member us-gaap:EquitySecuritiesMember 2016-09-30 0000061004 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel2Member 2016-09-30 0000061004 us-gaap:EquitySecuritiesMember 2015-12-31 0000061004 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasurySecuritiesMember 2015-12-31 0000061004 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2015-12-31 0000061004 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2016-09-30 0000061004 us-gaap:EquitySecuritiesMember 2016-09-30 0000061004 us-gaap:USTreasurySecuritiesMember us-gaap:FairValueInputsLevel1Member 2015-12-31 0000061004 us-gaap:USTreasurySecuritiesMember 2016-09-30 0000061004 us-gaap:FairValueInputsLevel3Member us-gaap:EquitySecuritiesMember 2016-09-30 0000061004 lgl:AllOtherForeignCountriesMember 2016-07-01 2016-09-30 0000061004 country:MY 2016-07-01 2016-09-30 0000061004 lgl:AllOtherForeignCountriesMember 2016-01-01 2016-09-30 0000061004 country:MY 2015-01-01 2015-09-30 0000061004 lgl:AllOtherForeignCountriesMember 2015-01-01 2015-09-30 0000061004 lgl:AllOtherForeignCountriesMember 2015-07-01 2015-09-30 0000061004 country:MY 2016-01-01 2016-09-30 0000061004 country:MY 2015-07-01 2015-09-30 0000061004 us-gaap:DirectorMember 2016-09-30 0000061004 us-gaap:DirectorMember 2015-09-30 0000061004 us-gaap:DirectorMember 2016-01-01 2016-09-30 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure lgl:Subsidiary false --12-31 2016-09-30 No No Yes Smaller Reporting Company LGL GROUP INC 0000061004 2664564 2016 Q3 10-Q 987000 1293000 3064000 2606000 18039000 18570000 40000 40000 P10Y 29106000 29102000 -4000 0 -4000 0 0 0 35000 34000 50000 51000 189023 519241 519241 519241 139902 130554 519241 189023 15803000 16246000 0 0 4089000 56000 3695000 0 55000 0 56000 0 0 0 55000 4089000 3695000 0 11952000 12579000 0.01 -0.01 0.01 -0.02 3946000 3938000 2016-09-02 45000 214000 45000 5188000 16219000 4979000 15353000 63000 -656000 -247000 -65000 0.02 -0.25 -0.09 -0.02 0.02 -0.25 -0.09 -0.02 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The following table sets forth certain unaudited pro forma information for the three and nine months ended September 30, 2016 and 2015 assuming that the PTF Acquisition occurred on January&#160;1, 2015 (in thousands, except per share data):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: top; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Revenue</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5,188</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5,188</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">15,353</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">15,353</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Net income (loss)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">29</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">34</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">63</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(90</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Basic net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.03</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Diluted net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.03</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr></table><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: top; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Revenue</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,979</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,979</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">16,219</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">16,219</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Net income (loss)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(205</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(42</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(247</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(605</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(51</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(656</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Basic net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.08</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.09</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.23</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Diluted net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.08</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.09</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.23</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr></table><div><br /></div></div> 0 4000 -4000 85000 299000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">B.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Business Combination</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">On September 2, 2016, PTF acquired certain assets and assumed certain liabilities of Precise Time and Frequency, Inc. ("PTF Inc.") (the "PTF Acquisition") for cash consideration of $295,000. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to the provisions of Accounting Standards Codification ("ASC") 805, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Business Combinations</font>, ("ASC 805"). The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The acquired assets include intellectual property and equipment that will support the Company's strategy to be a broader based supplier of highly engineered products for the generation, synchronization and control of timing and frequency. The intangible assets acquired are being amortized over a weighted average period of ten years. The Company believes this product line will complement the complete line of spectrum control products that Mtron currently provides.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The following is a summary of the preliminary purchase price allocation to the estimated fair values of assets acquired and liabilites assumed in the PTF Acquisition (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Purchase consideration</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">295</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Net assets acquired:</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Current assets</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">45</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Fixed assets</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">85</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Intangible assets</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">214</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Current liabilities</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(45</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Net assets acquired</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">299</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Bargain purchase gain</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(4</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The assets acquired and and liabilites assumed by PTF were done so through the distressed sale of PTF Inc. and&#160; resulted in a bargain purchase gain which is recorded in other income (expense), net in the condensed consolidated statements of operations for the three and nine months ended September 30, 2016.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Management estimated the fair value of net assets acquired using valuation techniques including income, cost and market approaches. In estimating the fair value of acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenues and cash flows, expected future growth rates and estimated discount rates. The allocation of the purchase price is preliminary as the third party valuation report is not finalized and may be adjusted during the remainder of fiscal 2016.&#160;&#160;The items still under review include the fair value of inventory, fixed assets and intangible assets.&#160;</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The following table sets forth certain unaudited pro forma information for the three and nine months ended September 30, 2016 and 2015 assuming that the PTF Acquisition occurred on January&#160;1, 2015 (in thousands, except per share data):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: top; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Revenue</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5,188</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5,188</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">15,353</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">15,353</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Net income (loss)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">29</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">34</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">63</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(90</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Basic net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.03</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Diluted net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.03</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr></table><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="10" valign="bottom" style="vertical-align: top; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Historical</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma Adjustments</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Pro Forma</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Revenue</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,979</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,979</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">16,219</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">16,219</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Net income (loss)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(205</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(42</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(247</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(605</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(51</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(656</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Basic net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.08</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.09</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.23</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 28%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Diluted net income per share</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.08</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.01</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.09</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.23</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.02</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(0.25</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The pro forma adjustments include amortization expense related to the acquired intangible assets and an adjustment for acquisition related expenses incurred that for pro forma purposes should be reflected in 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The net sales included in the Company's consolidated statement of operations which were generated by the PTF Acquisition from the acquisition closing date of September 2, 2016 through September 30, 2016 was $14,000. The losses included in the Company's condensed consolidated statement of operations derived from the PTF Acquisition's business from the acquisition closing date to September 30, 2016 were $(50,000).</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">&#160;</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Acquisition-related costs for purposes of accounting principles generally accepted in the United States of America ("GAAP") are costs the acquirer incurs to effect a business combination, including advisory, legal, accounting, valuation, and other professional or consulting fees.&#160; The Company incurred a total of approximately $38,000 of acquisition-related costs charged to engineering, general and administrative expenses during the three and nine months ended September 30, 2016.</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">&#160;</div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">On September 2, 2016, PTF acquired certain assets and assumed certain liabilities of Precise Time and Frequency, Inc. ("PTF Inc.") (the "PTF Acquisition") for cash consideration of $295,000. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to the provisions of Accounting Standards Codification ("ASC") 805, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Business Combinations</font>, ("ASC 805"). The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.</div><div><br /></div></div> 38000 38000 5553000 5453000 5192000 5941000 -100000 749000 1 7.50 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">L.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Commitments and Contingencies</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">In the normal course of business, the Company and its subsidiaries may become defendants in certain product liability, patent infringement, worker claims and other litigation.&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. T</font>he Company is not involved in any legal proceedings other than routine litigation arising in the normal course of business, none of which the Company believes will have a material adverse effect on the Company's business, financial condition or results of operations.</div><div><br /></div></div> 2745098 2745098 10000000 10000000 27000 27000 0.01 0.01 2664564 2665434 2665434 2664564 -78000 -579000 38000 -199000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">F.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">CNB Loan</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">On September 30, 2016, MtronPTI renewed its Loan Agreement (the "CNB Loan Agreement"), with City National Bank of Florida ("City National"). The CNB Loan Agreement provides for a revolving line of credit in the amount of $3.0 million (the "CNB Revolver"), which bears interest at a variable rate equal to 30-day LIBOR plus 200 basis points to be set on the first day of each month, and expires on September 30, 2018. The CNB Loan Agreement also provides that MtronPTI will pay City National a fee equal to 0.75% per year on the daily unused amount. The Company's obligations under the CNB Loan Agreement are secured only by cash collateral and do not require any other liens.</div><div>At September 30, 2016 and December 31, 2015, there was no balance outstanding under the CNB Revolver and no associated restricted cash.</div><div><br /></div></div> 2018-09-30 607000 537000 0.02 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">G.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Stock-Based Compensation</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company measures the cost of employee services in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the requisite service period, typically the vesting period.</div><div><br /></div><div style="background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. The Company also estimates forfeitures at the time of grant and revises, if necessary, in subsequent periods if actual forfeitures differ from those estimates.</div><div><br /></div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Restricted stock awards are made at a value equal to the market price of the Company's common stock on the date of the grant.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">On September 2, 2016, the Company's board of directors (the "Board") granted a total of 28,000 options to purchase shares of the Company's common stock to members of executive management pursuant to the Company's Amended and Restated 2011 Incentive Plan. These stock options have an exercise price equal to the grant date fair value of the Company's common stock of $3.90, a three-year life expiring on September 2, 2021, and vest as follows: 25% on the grant date; 25% on the first anniversary of the grant date; an additional 25% on the second anniversary of the grant date; and the remaining 25% on the third anniversary of the grant date. These stock options have a grant date fair value of $0.89 per option.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Compensation expense related to share-based compensation is recognized over the applicable vesting periods. As of September 30, 2016, there was approximately $38,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements that will be recognized over a weighted average period of 2.2 years..</div><div><br /></div></div> 2013-08-06 2013-07-29 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company computes net income (loss) per share in accordance with Accounting Standards Codification ("ASC") 260,&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Earnings Per Share</font>&#160;("ASC 260").&#160; Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share adjusts basic income (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive. Shares of restricted stock granted to members of the Board as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic income (loss) per share.</div><div style="text-align: left;"><br /></div></div> -0.07 -0.22 -0.03 0.01 -0.03 -0.07 0.01 -0.22 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">H.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Net Income (Loss) Per Share</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company computes net income (loss) per share in accordance with Accounting Standards Codification ("ASC") 260,&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Earnings Per Share</font>&#160;("ASC 260").&#160; Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share adjusts basic income (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive. Shares of restricted stock granted to members of the Board as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic income (loss) per share.</div><div style="text-align: left;"><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">For the three and nine months ended&#160; September 30, 2016 there were options to purchase 130,554 shares and 139,902 shares, respectively, of the Company's common stock and warrants to purchase 519,241 shares of common stock that were excluded from the diluted income (loss) per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive during the respective periods.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">For the three and nine months ended&#160; September 30, 2015, there were options to purchase 189,023 shares of the Company's common stock and warrants to purchase 519,241 shares of common stock that were excluded from the diluted income (loss) per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive during the respective periods.</div><div>The following table reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding for the three and nine months ended September 30, 2016 and 2015</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 32.72%; vertical-align: bottom;">&#160;</td><td style="width: 3.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td colspan="4" style="width: 27.95%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td><td colspan="4" style="width: 32.56%; vertical-align: top; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;">&#160;</td><td style="width: 3.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 9.56%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 12.97%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 12.42%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 16.08%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;">&#160;</td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom;">&#160;</td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom;">&#160;</td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom;">&#160;</td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom;">&#160;</td></tr><tr><td style="width: 32.72%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Weighted average shares outstanding - basic</div></td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,189</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,652,779</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,352</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,635,794</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Effect of diluted securities</div></td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">642</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">&#8212;</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">&#8212;</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">&#8212;</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 9.9pt; margin-right: 5.05pt; text-indent: -5.05pt;">Weighted average shares outstanding - diluted</div></td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,831</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,652,779</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,352</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,635,794</div></td></tr></table><div><br /></div></div> 0.01 -0.01 0.01 -0.02 903000 769000 P2Y2M12D 38000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Fair Value Measurements and Disclosures</font>.&#160; These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company.&#160;</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: justify;">Fair Value Hierarchy</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">GAAP defines fair value, establishes a framework for measuring fair value, and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.&#160; Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:</div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 72pt; vertical-align: top; color: #000000; font-style: italic; align: right;">Level 1.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.</div></td></tr></table></div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 72pt; vertical-align: top; color: #000000; font-style: italic; align: right;">Level 2.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.</div></td></tr></table></div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 72pt; vertical-align: top; color: #000000; font-style: italic; align: right;">Level 3.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.</div></td></tr></table></div><div><br /></div><div>The following is a summary of valuation techniques utilized by the Company for its significant financial and non-financial assets and liabilities as of September 30, 2016 and December 31, 2015:</div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">J.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Fair Value Measurements</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Fair Value Measurements and Disclosures</font>.&#160; These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company.&#160;</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: justify;">Fair Value Hierarchy</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">GAAP defines fair value, establishes a framework for measuring fair value, and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.&#160; Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:</div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 72pt; vertical-align: top; color: #000000; font-style: italic; align: right;">Level 1.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.</div></td></tr></table></div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 72pt; vertical-align: top; color: #000000; font-style: italic; align: right;">Level 2.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.</div></td></tr></table></div><div><br /></div><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 72pt; vertical-align: top; color: #000000; font-style: italic; align: right;">Level 3.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.</div></td></tr></table></div><div><br /></div><div>The following is a summary of valuation techniques utilized by the Company for its significant financial and non-financial assets and liabilities as of September 30, 2016 and December 31, 2015:</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: justify;">Assets</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">To estimate the fair value of its equity and U.S. Treasury securities, the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below (in thousands).</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Total</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Equity securities<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">55</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">55</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">U.S. Treasury securities (cash equivalents)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,695</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,695</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr></table><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Total</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">December 31, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Equity securities<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">56</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">56</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">U.S. Treasury securities (cash equivalents)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,089</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,089</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">There were no transfers from level 2 to level 3 during the period. There were no level 2 or 3 assets&#160; as of September 30, 2016 or December 31, 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company also has assets that may be subject to measurement at fair value on a non-recurring basis, including goodwill and intangible assets, and other long-lived assets. The Company reviews the carrying value of these assets whenever events and circumstances indicate that the carrying amounts of the assets may not be recoverable. If it is determined that the assets are impaired, the carrying value would be reduced to estimated fair value.</div><div><br /></div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; font-style: italic; text-align: justify;">Assets</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">To estimate the fair value of its equity and U.S. Treasury securities, the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below (in thousands).</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Total</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Equity securities<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">55</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">55</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">U.S. Treasury securities (cash equivalents)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,695</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,695</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr></table><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 1</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 2</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Level 3</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Total</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">December 31, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Equity securities<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;</font></div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">56</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">56</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 52%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">U.S. Treasury securities (cash equivalents)</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,089</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#8212;</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,089</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr></table><div><br /></div></div> 288000 75000 607000 435000 19000 75000 75000 75000 -110000 -67000 40000 40000 -193000 32000 -79000 -561000 -1000 2000 0 13000 38000 11000 -1065000 450000 484000 -767000 -424000 121000 36000 -42000 0 0 642 0 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">E.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Intangible Assets</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Intangible assets are recorded at cost less accumulated amortization and included in engineering, selling and administrative expenses in the accompanying condensed consolidated statements of operations. Amortization is computed for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range up to 10 years. The intangible assets consist of intellectual property and goodwill. As a result of the PTF Acquisition, the gross carrying amount of intangible assets increased from $538,000 at December 31, 2015 to $752,000 at September 30, 2016. The net carrying value of the amortizable intangible assets was $607,000 and $435,000 as of September 30, 2016 and December 31, 2015, respectively. Goodwill, which is not amortizable, was $40,000 as of September 30, 2016 and December 31, 2015.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The estimated aggregate amortization expense for the remaining portion of 2016 and each of the four succeeding years and thereafter is as follows (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2016</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">19</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2017</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2018</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2019</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2020</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Thereafter</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">288</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">607</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr></table><div><br /></div></div> 647000 475000 752000 538000 -16000 -20000 -25000 -7000 0 17000 3697000 3546000 803000 919000 3016000 2873000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">D.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Inventories</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Inventories are valued at the lower of cost or market value using the FIFO (first-in, first-out) method. The Company reduces the value of its inventories to market value when the market value is believed to be less than the cost of the item.&#160; The inventory reserve for obsolescence as of September 30, 2016 and December 31, 2015 was $2,873,000 and $3,016,000, respectively.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Inventories are comprised of the following (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">December 31, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: top;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: top;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: top;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Raw materials</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,387</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,418</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Work in process</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,391</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,325</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; padding-bottom: 2px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Finished goods</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">919</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">803</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; padding-bottom: 4px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total Inventories, net</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,697</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,546</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;">&#160;</td></tr></table><div><br /></div></div> 1391000 1325000 1387000 1418000 633000 633000 16246000 15803000 2605000 2076000 0.0075 0 0 3000000 16809000 16633000 10497000 3209000 10069000 3353000 0.1 3695000 4089000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 36pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">A</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">.</font></td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Subsidiaries of the Registrant</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The LGL Group, Inc. (the "Company"), incorporated in 1928 under the laws of the State of Indiana and reincorporated under the laws of the State of Delaware in 2007, is a holding company with subsidiaries engaged in the designing, manufacturing and marketing of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits and in the design of high performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">As of September 30, 2016, the subsidiaries of the Company are as follows:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Owned By The LGL Group, Inc.</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">M-tron Industries, Inc.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">&#160;&#160;&#160;Piezo Technology, Inc.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 7.75pt;">&#160;&#160;&#160;Piezo Technology India Private Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">99.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 7.75pt;">M-tron Asia, LLC</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 7.75pt;">M-tron Industries, Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">&#160;&#160;&#160;&#160;&#160;&#160;GC Opportunities Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;M-tron Services, Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Precise Time and Frequency, LLC</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Lynch Systems, Inc.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr></table><div>&#160;</div><div>The Company operates through its two principal subsidiaries, M-tron Industries, Inc., which includes the operations of Piezo Technology, Inc. ("PTI") and M-tron Asia, LLC ("Mtron"), and Precise Time and Frequency, LLC ("PTF"), a newly formed subsidiary, to hold the assets of Precise Time and Frequency, Inc., as discussed in Note B below. The Company has operations in Orlando, Florida, Yankton, South Dakota, Wakefield, Massachusetts and Noida, India.&#160; MtronPTI also has sales offices in Sacramento, California and Hong Kong.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">During 2007, the Company sold the operating assets of Lynch Systems, Inc., a subsidiary of the Company, to an unrelated party.</div><div><br /></div></div> -276000 -364000 268000 1025000 -78000 -195000 32000 -574000 0 0 -78000 0 0 -4000 0 50000 85000 87000 -39000 60000 -648000 -154000 -164000 -28000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">C.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Basis of Presentation</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2016.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">This interim information should be read in conjunction with the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (the "SEC") on March 29, 2016. The accompanying unaudited condensed consolidated financial statements should also be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q.</div><div><br /></div></div> 0 -5000 -4000 38000 0 0 0 0 0 211000 202000 -5000 -4000 6000 0 112000 67000 105000 -23000 320000 409000 -94000 -43000 295000 0 4000 112000 370000 295000 0 247000 365000 2818000 3165000 21388000 21204000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: justify;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">M.</td><td style="width: auto; vertical-align: top; text-align: justify;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Related Party Transactions</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">At September 30, 2016 and December 31, 2015, approximately $3,695,000 and $4,089,000, respectively, was invested in United States Treasury money market funds managed by a related entity (the "Fund Manager") which is related through a common director. One of the Company's directors, who is also a 10% stockholder, currently serves as a director and executive officer of the Fund Manager. The fund transactions during the nine months ended September 30, 2016 and for the year ended December 31, 2015, were directed solely at the discretion of Company management. There are no management fees associated with fund transactions.</div><div><br /></div></div> 0 0 -14952000 -14874000 655000 694000 1880000 1749000 4082000 1349000 2407000 629000 1080000 4156000 2202000 451000 0.89 3.90 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The estimated aggregate amortization expense for the remaining portion of 2016 and each of the four succeeding years and thereafter is as follows (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2016</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">19</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2017</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2018</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2019</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">2020</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">75</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Thereafter</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">288</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">607</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr></table><div><br /></div></div> 5128000 15671000 4796000 15115000 14000 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Inventories are comprised of the following (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30, 2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">December 31, 2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: top;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: top;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: top;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Raw materials</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,387</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,418</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Work in process</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,391</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,325</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; padding-bottom: 2px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Finished goods</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">919</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">803</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: top; padding-bottom: 4px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total Inventories, net</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,697</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,546</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;">&#160;</td></tr></table><div><br /></div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The following is a summary of the preliminary purchase price allocation to the estimated fair values of assets acquired and liabilites assumed in the PTF Acquisition (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Purchase consideration</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">295</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Net assets acquired:</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Current assets</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">45</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Fixed assets</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">85</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Intangible assets</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">214</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Current liabilities</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(45</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Net assets acquired</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">299</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;">&#160;</td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Bargain purchase gain</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">(4</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">)</div></td></tr></table><div><br /></div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="width: 32.72%; vertical-align: bottom;">&#160;</td><td style="width: 3.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td colspan="4" style="width: 27.95%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td><td colspan="4" style="width: 32.56%; vertical-align: top; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;">&#160;</td><td style="width: 3.16%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 9.56%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 12.97%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 12.42%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom; border-bottom: #000000 2px solid;">&#160;</td><td style="width: 16.08%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;">&#160;</td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom;">&#160;</td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom;">&#160;</td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom;">&#160;</td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom;">&#160;</td></tr><tr><td style="width: 32.72%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Weighted average shares outstanding - basic</div></td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,189</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,652,779</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,352</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,635,794</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 5.05pt; margin-right: 5.05pt; text-indent: -5.05pt;">Effect of diluted securities</div></td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">642</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">&#8212;</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">&#8212;</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">&#8212;</div></td></tr><tr><td style="width: 32.72%; vertical-align: bottom;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 9.9pt; margin-right: 5.05pt; text-indent: -5.05pt;">Weighted average shares outstanding - diluted</div></td><td style="width: 3.16%; vertical-align: bottom;">&#160;</td><td style="width: 9.56%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,831</div></td><td style="width: 2.86%; vertical-align: top;">&#160;</td><td style="width: 2.56%; vertical-align: bottom;">&#160;</td><td style="width: 12.97%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,652,779</div></td><td style="width: 1.86%; vertical-align: top;">&#160;</td><td style="width: 1.75%; vertical-align: bottom;">&#160;</td><td style="width: 12.42%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,665,352</div></td><td style="width: 2.25%; vertical-align: top;">&#160;</td><td style="width: 1.81%; vertical-align: bottom;">&#160;</td><td style="width: 16.08%; vertical-align: bottom; border-bottom: #000000 4px double;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: right;">2,635,794</div></td></tr></table><div><br /></div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">As of September 30, 2016, the subsidiaries of the Company are as follows:</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Owned By The LGL Group, Inc.</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">M-tron Industries, Inc.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">&#160;&#160;&#160;Piezo Technology, Inc.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 7.75pt;">&#160;&#160;&#160;Piezo Technology India Private Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">99.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 7.75pt;">M-tron Asia, LLC</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 7.75pt;">M-tron Industries, Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">&#160;&#160;&#160;&#160;&#160;&#160;GC Opportunities Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left; margin-left: 9pt;">&#160;&#160;&#160;&#160;&#160;&#160;M-tron Services, Ltd.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Precise Time and Frequency, LLC</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr><tr><td valign="bottom" style="width: 88%; vertical-align: top; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Lynch Systems, Inc.</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">100.0</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">%</div></td></tr></table><div>&#160;</div><div>The Company operates through its two principal subsidiaries, M-tron Industries, Inc., which includes the operations of Piezo Technology, Inc. ("PTI") and M-tron Asia, LLC ("Mtron"), and Precise Time and Frequency, LLC ("PTF"), a newly formed subsidiary, to hold the assets of Precise Time and Frequency, Inc., as discussed in Note B below. The Company has operations in Orlando, Florida, Yankton, South Dakota, Wakefield, Massachusetts and Noida, India.&#160; MtronPTI also has sales offices in Sacramento, California and Hong Kong.</div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">For the three and nine months ended September 30, 2016 and 2015, significant foreign revenues from operations (10% or more of foreign sales) were as follows (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: left;">Significant Foreign Revenues:</div></td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Malaysia&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">694</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">451</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 2px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">All other foreign countries&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">655</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">629</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total foreign revenues&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,349</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,080</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr></table><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: left;">Significant Foreign Revenues:</div></td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Malaysia&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,202</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,749</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 2px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">All other foreign countries&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,880</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,407</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total foreign revenues&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,082</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,156</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr></table><div><br /></div></div> <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">K.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Foreign Revenues</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">For the three and nine months ended September 30, 2016 and 2015, significant foreign revenues from operations (10% or more of foreign sales) were as follows (in thousands):</div><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Three Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: left;">Significant Foreign Revenues:</div></td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Malaysia&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">694</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">451</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 2px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">All other foreign countries&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">655</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">629</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total foreign revenues&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,349</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,080</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr></table><div><br /></div><table cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="6" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">Nine Months Ended</div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">September 30,</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle; padding-bottom: 2px;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2016</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom; border-bottom: #000000 2px solid;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: center;">2015</div></td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="vertical-align: middle;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000; text-align: left;">Significant Foreign Revenues:</div></td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td><td valign="bottom" style="vertical-align: bottom;">&#160;</td><td colspan="2" valign="bottom" style="vertical-align: bottom;">&#160;</td><td nowrap="nowrap" valign="bottom" style="vertical-align: bottom; text-align: left;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Malaysia&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,202</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,749</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; text-align: left; background-color: #cceeff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 2px; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">All other foreign countries&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,880</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: left; background-color: #ffffff;">&#160;</td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 2px solid; text-align: right; background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,407</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 2px; text-align: left; background-color: #ffffff;">&#160;</td></tr><tr><td valign="bottom" style="width: 76%; vertical-align: middle; padding-bottom: 4px; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">Total foreign revenues&#160;</div></td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,082</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; background-color: #cceeff;">&#160;</td><td valign="bottom" style="width: 1%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: left; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</div></td><td valign="bottom" style="width: 9%; vertical-align: bottom; border-bottom: #000000 4px double; text-align: right; background-color: #cceeff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,156</div></td><td nowrap="nowrap" valign="bottom" style="width: 1%; vertical-align: bottom; padding-bottom: 4px; text-align: left; background-color: #cceeff;">&#160;</td></tr></table><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">The Company allocates its foreign revenue based on the customer's ship-to location.</div><div><br /></div></div> -4000 201000 P3Y 28000 2021-09-02 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company measures the cost of employee services in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the requisite service period, typically the vesting period.</div><div><br /></div><div style="background-color: #ffffff;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. The Company also estimates forfeitures at the time of grant and revises, if necessary, in subsequent periods if actual forfeitures differ from those estimates.</div><div><br /></div></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">Restricted stock awards are made at a value equal to the market price of the Company's common stock on the date of the grant.</div><div><br /></div></div> 540000 100000 0 <div style="font-family: 'Times New Roman', Times, serif; font-size: 10pt;"><div style="text-align: left;"><table cellpadding="0" cellspacing="0" class="DSPFListTable" style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 100%;"><tr><td style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; width: 36pt; vertical-align: top; font-weight: bold; color: #000000; align: right;">I.</td><td style="width: auto; vertical-align: top; text-align: left;"><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Stockholders' Equity</div></td></tr></table></div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">On August 29, 2011, the Board authorized the Company to repurchase up to 100,000 shares of its common stock in accordance with applicable securities laws. This authorization increased the total number of shares authorized and available for repurchase under the Company's existing share repurchase program to 540,000 shares, at such times, amounts and prices as the Company shall deem appropriate. As of September 30, 2016, the Company had repurchased a total of 80,534 shares of common stock at a cost of $576,000, which shares are currently held in treasury.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify; background-color: #ffffff;">On August 6, 2013, the Company distributed warrants to purchase shares of the Company's common stock as a dividend to holders of the Company's common stock on July 29, 2013, the record date for the dividend. Stockholders received five warrants for each share of the Company's common stock owned on the record date. When exercisable, 25 warrants will entitle their holder to purchase one share of the Company's common stock at an exercise price of $7.50 per share (subject to adjustment).</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: justify;">The warrants are "European style warrants" and will only become exercisable on the earlier of (i) their expiration date, August 6, 2018, and (ii) such date that the 30-day volume weighted average price per share, or VWAP, of the Company's common stock is greater than or equal to $15.00 (subject to adjustment). Once the warrants become exercisable, they may be exercised in accordance with the terms of the warrant agreement between the Company and the warrant agent until their expiration at 5:00 p.m., Eastern Time, on the expiration date.</div><div><br /></div><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000; text-align: left;">The warrants are quoted on the over-the-counter market under the symbol "LGLPW."</div><div><br /></div></div> 13727000 13641000 27000 29106000 -14874000 -572000 40000 27000 29102000 -14952000 -576000 40000 1 1 1 1 1 0.99 1 1 1 79664 80534 0 0 0 4000 0 4000 -870 576000 572000 2665352 2665831 2635794 2652779 2665189 2652779 2635794 2665352 0.01 -0.03 -0.08 -0.23 29000 -90000 -205000 -605000 5188000 15353000 4979000 16219000 0 0 0 0 34000 -42000 25000 -51000 0.01 -0.03 -0.08 -0.23 0.25 0.25 0.25 0.25 43000 0 0 15.00 25 5 2 5210000 1741000 5822000 1803000 EX-101.SCH 7 lgl-20160930.xsd XBRL TAXONOMY EXTENSION SCHEMA 000100 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 010000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED link:presentationLink link:calculationLink link:definitionLink 010100 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 020000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED link:presentationLink link:calculationLink link:definitionLink 030000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED link:presentationLink link:calculationLink link:definitionLink 040000 - Statement - CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - UNAUDITED link:presentationLink link:calculationLink link:definitionLink 050000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED link:presentationLink link:calculationLink link:definitionLink 060100 - Disclosure - Subsidiaries of the Registrant link:presentationLink link:calculationLink link:definitionLink 060200 - Disclosure - Business Combination link:presentationLink link:calculationLink link:definitionLink 060300 - Disclosure - Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 060400 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 060500 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 060600 - Disclosure - CNB Loan link:presentationLink link:calculationLink link:definitionLink 060700 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 060800 - Disclosure - Net Income (Loss) Per Share link:presentationLink link:calculationLink link:definitionLink 060900 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 061000 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 061100 - Disclosure - Foreign Revenues link:presentationLink link:calculationLink link:definitionLink 061200 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 061300 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 070200 - Disclosure - Business Combination (Policies) link:presentationLink link:calculationLink link:definitionLink 070700 - Disclosure - Stock-Based Compensation (Policies) link:presentationLink link:calculationLink link:definitionLink 070800 - Disclosure - Net Income (Loss) Per Share (Policies) link:presentationLink link:calculationLink link:definitionLink 071000 - Disclosure - Fair Value Measurements (Policies) link:presentationLink link:calculationLink link:definitionLink 080100 - Disclosure - Subsidiaries of the Registrant (Tables) link:presentationLink link:calculationLink link:definitionLink 080200 - Disclosure - Business Combination (Tables) link:presentationLink link:calculationLink link:definitionLink 080400 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 080500 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 080800 - Disclosure - Net Income (Loss) Per Share (Tables) link:presentationLink link:calculationLink link:definitionLink 081000 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 081100 - Disclosure - Foreign Revenues (Tables) link:presentationLink link:calculationLink link:definitionLink 090100 - Disclosure - Subsidiaries of the Registrant (Details) link:presentationLink link:calculationLink link:definitionLink 090200 - Disclosure - Business Combination (Details) link:presentationLink link:calculationLink link:definitionLink 090400 - Disclosure - Inventories (Details) link:presentationLink link:calculationLink link:definitionLink 090500 - Disclosure - Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 090600 - Disclosure - CNB Loan (Details) link:presentationLink link:calculationLink link:definitionLink 090700 - Disclosure - Stock-Based Compensation (Details) link:presentationLink link:calculationLink link:definitionLink 090800 - Disclosure - Net Income (Loss) Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 090900 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:calculationLink link:definitionLink 091000 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:calculationLink link:definitionLink 091100 - Disclosure - Foreign Revenues (Details) link:presentationLink link:calculationLink link:definitionLink 091300 - Disclosure - Related Party Transactions (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 lgl-20160930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 lgl-20160930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 lgl-20160930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Amendment Flag Current Fiscal Year End Date Document Period End Date Entity [Domain] Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Filer Category Entity Registrant Name Entity Central Index Key Entity Common Stock, Shares Outstanding Document Fiscal Year Focus Document Fiscal Period Focus Legal Entity [Axis] Document Type Award Type [Axis] Accounts payable Accounts receivable, less allowances of $35 and $34, respectively Less: accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Accumulated Other Comprehensive Income [Member] AOCI Attributable to Parent [Member] Accumulated other comprehensive income Estimated useful life Additional Paid-in Capital [Member] Additional paid-in capital Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation Accounts receivable, allowances Amortization of finite-lived intangible assets Antidilutive Securities [Axis] Shares of common stock and warrants excluded from computation of diluted income (loss) per share (in shares) Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] Antidilutive Securities, Name [Domain] Total Assets Assets Fair value assets ASSETS Assets [Abstract] Current Assets: Total Current Assets Assets, Current Basic net income per share (in dollars per share) Basic Earnings Per Share Adjustment, Pro Forma Buildings and improvements Business Acquisition [Axis] Date of acquisition Current liabilities Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities Intangible assets Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill Current assets Business Acquisition, Acquiree [Domain] Revenue Business Acquisition, Pro Forma Revenue Business Combination [Abstract] Net income (loss) Business Acquisition, Pro Forma Net Income (Loss) Business Acquisition [Line Items] Net assets acquired: [Abstract] Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets [Abstract] Diluted net income per share (in dollars per share) Business Acquisition, Pro Forma Earnings Per Share, Diluted Pro Forma [Abstract] Basic net income per share (in dollars per share) Business Acquisition, Pro Forma Earnings Per Share, Basic Certain Unaudited Pro Forma Information Bargain purchase gain Bargain purchase gain Fixed assets Net assets acquired Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net Assets Acquired and Liabilities Assumed [Abstract] Business Combination PTF Acquisition [Abstract] Business Combination, Description [Abstract] Business Combinations Policy Acquistion costs Cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period (Decrease) increase in cash and cash equivalents Cash and Cash Equivalents, Period Increase (Decrease) Number of common shares callable by warrants (in shares) Warrant exercise price (in dollars per share) Class of Warrant or Right, Exercise Price of Warrants or Rights Commitments and Contingencies Commitments and Contingencies Disclosure [Text Block] Commitments and Contingencies (Note L) Commitments and Contingencies [Abstract] Common Stock [Member] Common stock, shares issued (in shares) Common stock, shares authorized (in shares) Common stock, $0.01 par value - 10,000,000 shares authorized; 2,745,098 shares issued and 2,664,564 shares outstanding at September 30, 2016 and 2,745,098 shares issued and 2,665,434 shares outstanding at December 31, 2015 Common stock, par value (in dollars per share) Common stock, shares outstanding (in shares) Balance (in shares) Balance (in shares) Common Stock, Shares, Outstanding COMPREHENSIVE INCOME (LOSS) Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest Cost and Expenses: Debt Instrument [Line Items] CNB Loan Debt Disclosure [Text Block] CNB Loan [Abstract] Schedule of Long-term Debt Instruments [Table] Debt instrument maturity date Debt Instrument, Maturity Date Depreciation Basis spread on variable rate Derivative, Basis Spread on Variable Rate Director [Member] Stock-Based Compensation Disclosure of Compensation Related Costs, Share-based Payments [Text Block] Stock-Based Compensation [Abstract] Dividend declaration date Dividends Payable, Date Declared Dividend date of record Dividends Payable, Date of Record Basic per share information: Earnings Per Share, Basic [Abstract] Diluted per share information: Earnings Per Share, Diluted [Abstract] Net Loss Per Share Net income (loss) (in dollars per share) Earnings Per Share, Basic Net income (loss) (in dollars per share) Antidilutive Securities Excluded from Computation of Earnings Per Share [Abstract] Earnings Per Share, Diluted, Other Disclosures [Abstract] Net Loss Per Share Earnings Per Share [Text Block] Diluted net income per share (in dollars per share) Earnings Per Share, Diluted, Pro Forma Adjustment Net Income (Loss) Per Share [Abstract] Accrued compensation and commissions expense Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition Stock Options [Member] Employee Stock Option [Member] Unrecognized compensation expense Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options Equity Component [Domain] Equity Securities [Member] Fair Value Measurements Fair Value, Hierarchy [Axis] Fair Value Measurements [Abstract] Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value, Measurements, Fair Value Hierarchy [Domain] Fair Value Measurements Fair Value Disclosures [Text Block] Fair Value on Recurring Basis Significant Unobservable Inputs (Level 3) [Member] Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] Significant Other Observable Inputs (Level 2) [Member] Thereafter 2017 Total Finite-Lived Intangible Assets, Net 2016 2020 Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract] 2019 2018 Gain on disposal of assets Gain (Loss) on Disposition of Assets General and Administrative Expense [Member] Significant Foreign Revenues [Abstract] Geographic Areas, Revenues from External Customers [Abstract] Goodwill Income Statement Location [Axis] INCOME (LOSS) BEFORE INCOME TAXES Income Statement Location [Domain] Income tax (provision) benefit Income Tax Expense (Benefit) CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED [Abstract] Cash paid for income taxes (Increase) decrease in accounts receivable, net Increase (Decrease) in Accounts Receivable Increase (decrease) in trade accounts payable, accrued compensation and commissions expense and other accrued liabilities (Increase) decrease in inventories, net Increase (Decrease) in Inventories Changes in operating assets and liabilities: (Increase) decrease in other assets Increase (Decrease) in Other Operating Assets Effect of diluted securities Intangible Assets Intangible Assets [Abstract] Intangible assets, net (Note E) Intangible Assets, Gross (Excluding Goodwill) [Abstract] Intangible Assets, Gross (Excluding Goodwill), Total Interest expense, net Cash paid for interest Inventories, net (Note D) Total Inventories, net Finished goods Inventory, Finished Goods, Net of Reserves Inventory reserve for obsolescence Inventories Inventory Disclosure [Text Block] Classification of inventories [Abstract] Inventories [Abstract] Work in process Raw materials 30-day LIBOR [Member] London Interbank Offered Rate (LIBOR) [Member] Long-term Debt, Type [Axis] Long-term Debt, Type [Domain] Land Land Total Liabilities and Stockholders' Equity Liabilities and Equity LIABILITIES AND STOCKHOLDERS' EQUITY Total Current Liabilities Liabilities, Current Percentage of commitment fee on unused capacity Line of Credit Facility, Unused Capacity, Commitment Fee Percentage Lender Name [Axis] Line of credit facility amount outstanding Long-term Line of Credit Line of Credit Facility, Lender [Domain] Line of credit Line of Credit Facility, Maximum Borrowing Capacity Machinery and equipment Major Types of Debt and Equity Securities [Axis] Major Types of Debt and Equity Securities [Domain] Executive Management [Member] Management [Member] Manufacturing cost of sales Minority interest held by Company's director Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners Amount invested in United States Treasury money market funds Subsidiaries of the Registrant Nature of Operations [Text Block] Net cash used in investing activities Net Cash Provided by (Used in) Investing Activities, Continuing Operations FINANCING ACTIVITIES Net Cash Provided by (Used in) Financing Activities [Abstract] Net cash provided by operating activities Net Cash Provided by (Used in) Operating Activities, Continuing Operations INVESTING ACTIVITIES Net Cash Provided by (Used in) Investing Activities [Abstract] OPERATING ACTIVITIES NET INCOME (LOSS) Net loss NET INCOME (LOSS) Net Income (Loss) Attributable to Parent Net used in financing activities Net Cash Provided by (Used in) Financing Activities Loss attributable to acquisition Net Income (Loss) Attributable to Noncontrolling Interest Total Other Income (Expense) Nonoperating Income (Expense) Other Income (Expense): Income (Loss) [Member] Operating Income (Loss) [Member] OPERATING LOSS Options [Member] Basis of Presentation [Abstract] Basis of Presentation Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Other comprehensive loss TOTAL OTHER COMPREHENSIVE INCOME (LOSS) Other assets, net Other Assets, Noncurrent Other Comprehensive Income (Loss): Unrealized gain (loss) on available-for-sale securities, net of taxes Other income (expense), net Other accrued expenses Other Payments for (Proceeds from) Other Investing Activities Purchase consideration Purchase of treasury stock Payments for Repurchase of Common Stock Capital expenditures Payments to Acquire Property, Plant, and Equipment Acquisition of a business Payments to Acquire Productive Assets Plan Name [Domain] Plan Name [Axis] Prepaid expenses and other current assets Property, Plant and Equipment: Net property, plant, and equipment Property, Plant and Equipment, Net Gross property, plant and equipment Property, Plant and Equipment, Gross Related Party Transactions Related Party [Domain] Related Party Transaction [Line Items] Related Party [Axis] Related Party Transactions [Abstract] Line of credit facility associated restricted cash Restricted Cash and Cash Equivalents Accumulated Deficit [Member] Retained Earnings [Member] Accumulated deficit Total foreign revenues Foreign Revenues [Abstract] CNB Revolver [Member] Revolving Credit Facility [Member] Grant date fair value (in dollars per share) Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value Exercise price of stock options granted (in dollars per share) Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price Future Amortization Expense of Finite-Lived Intangible Assets Sales [Member] REVENUES Net sales attributable to acquisition Sales Revenue, Goods, Net Inventories Schedule of Inventory, Current [Table Text Block] Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table] Estimated Fair Values of Assets Acquired and Liabilities Assumed Reconciliation of Basic to Diluted Weighted Average Shares Outstanding Schedule of Weighted Average Number of Shares [Table Text Block] Schedule of Business Acquisitions, by Acquisition [Table] Ownership Percentage of Subsidiaries Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure [Table Text Block] Schedule of Related Party Transactions, by Related Party [Table] Schedule of Stock-based Compensation Arrangements by Share-based Payment Award [Table] Schedule of Segment Reporting Information, by Segment [Table] Foreign Revenues Schedule of Subsidiary [Table] Foreign Revenues Segment Reporting Disclosure [Text Block] Segment Reporting Information [Line Items] Geographical [Domain] Stock-based compensation Share-based Compensation Vesting period Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period Share-based compensation, shares granted options to purchase (in shares) Stock-based Compensation Arrangement by Share-based Payment Award [Line Items] Stock option, expiration date Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date Equity Award [Domain] Stock-Based Compensation Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Statement [Line Items] Statement, Equity Components [Axis] CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - UNAUDITED [Abstract] CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED [Abstract] CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED [Abstract] Statement [Table] CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED [Abstract] Geographical [Axis] Total number of shares authorized and available for repurchase (in shares) Stock-based compensation (shares) Stockholders' Equity Stockholders' Equity Stockholders' Equity Note Disclosure [Text Block] Stockholders' Equity [Abstract] Total Stockholders' Equity Balance Balance Stockholders' Equity Attributable to Parent Precise Time and Frequency, LLC Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions Subsidiary or Equity Method Investee [Line Items] Supplemental Disclosure: Relationship to Entity [Domain] Title of Individual [Axis] Treasury Stock [Member] Treasury stock, (in shares) Number of shares repurchased (in shares) Treasury Stock, Shares Purchase of common stock for treasury Treasury Stock, Value, Acquired, Cost Method Purchase of common stock for treasury (in shares) Treasury Stock, Shares, Acquired Treasury stock: 80,534 and 79,664 shares held in treasury at cost at September 30, 2016 and December 31, 2015, respectively Value of repurchased common stock (in thousands) U.S. Treasury Securities (Cash Equivalents) [Member] Variable Rate [Domain] Variable Rate [Axis] Warrant [Member] Weighted average shares outstanding (in shares) Weighted average shares outstanding - diluted (in shares) Weighted Average Number of Shares Outstanding Reconciliation [Abstract] Weighted average shares outstanding (in shares) Weighted average shares outstanding - basic (in shares) Weighted Average Number of Shares Outstanding, Basic China [Member] Hong Kong [Member] Malaysia [Member] Refers to the information by name of lender, which may be a single entity (for example, but not limited to, a bank, pension fund, venture capital firm). City National Bank [Member] City National [Member] Combined diluted net income per share prior to pro forma adjustments. Historical diluted net income per share Combined historical net income (loss) prior to pro forma adjustments. Historical net income (loss) Combined historical revenue prior to pro forma adjustments. Historical revenue Pro Form revenue adjustment to reconcile between revenue and Pro Forma. Business Acquisition, Revenue Adjustment, Pro Forma Revenue Pro Form net income (loss) adjustment to reconcile between revenue and Pro Forma. Business Acquisition, Net Income (Loss) Adjustment, Pro Forma Net income (loss) Pro Forma Adjustments [Abstract] Combined historical basic net income per share prior to pro forma adjustments. Historical basic net income per share Historical [Abstract] A company that provides highly engineered products for generation, synchronization and control of timing and frequency with multiple technologies including Quartz, Rubidium, and GPS/GNS Frequency References to fulfill the most demanding requirements. Precise Time and Frequency Incorporated [Member] PTF Inc. [Member] Document and Entity Information [Abstract] An equity-based incentive plan approved by the Company's stockholders on August 4, 2011. Incentive Plan 2011 [Member] 2011 Incentive Plan [Member] Refers to the percentage of shares vested on grant date year three. Percentage of shares vested on grant date year three Percentage of shares vested on third anniversary of the grant date Refers to the percentage of shares vested on grant date year two. Percentage of shares vested on grant date year two Percentage of shares vested on second anniversary of the grant date Refers to the percentage of shares vested on grant date year one. Percentage of shares vested on grant date year one Percentage of shares vested on first anniversary of the grant date Percentage of shares vested on grant date Percentage of shares vested on grant date Percentage of shares vested on grant date The adjustment to reduce the value of an existing agreement that specifies the rights to an outstanding loan. Impairment of Note Receivable Impairment of note receivable Amount of expenses related to the managing of fund transactions payable to the fund manager. Fund Management Transaction Fee Expense Management fees associated with fund transactions Assets Measured at Fair Value on Recurring Basis [Abstract] Assets measured at fair value on recurring basis [Abstract] The minimum volume weighted average price per share necessary to exercise warrants. Minimum Volume Weighted Average Exercise Price To Exercise Warrants Minimum 30-day volume weighted average price per share (in dollars per share) Number of warrants that entitle holder to purchase one share of common stock. Number Of Warrants To Purchase One Share Common Stock Number of warrants that entitle holder to purchase one share of common stock (in shares) The number of warrants received per share of common stock owned as part of a warrant dividend declared by the Company. Dividend Warrants Received Per Share Of Common Stock Number of warrants received for each share of common stock (in shares) Represents the all other foreign countries which are not specified elsewhere in the taxonomy. All Other Foreign Countries [Member] All Other Foreign Countries [Member] Another company which is controlled, directly or indirectly, by its parent. The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. Precise Time and Frequenc, LLC [Member] Total number of entities owned or controlled by the registrant. Number of Subsidiaries of the Registrant Number of subsidiaries M-tron Services Ltd [Member] M-tron Asia LLC [Member} [Member] M-tron Asia LLC [Member} [Member] Another company which is controlled, directly or indirectly, by its parent. The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. Piezo Technology India Private Ltd [Member] Piezo Technology India Private Ltd. [Member] Another company which is controlled, directly or indirectly, by its parent. The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. M tron Industries Inc [Member] M-tron Industries, Inc. [Member] Another company which is controlled, directly or indirectly, by its parent. The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. Piezo Technology Inc [Member] Piezo Technology, Inc. [Member] Another company which is controlled, directly or indirectly, by its parent. The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. M tron Industries Ltd [Member] M-tron Industries, Ltd. [Member] Another company which is controlled, directly or indirectly, by its parent. The usual condition for control is ownership of a majority (over 50%) of the outstanding voting stock. The power to control may also exist with a lesser percentage of ownership, for example, by contract, lease, agreement with other stockholders or by court decree. Lynch Systems Inc [Member] Lynch Systems, Inc. [Member] Subsidiaries of the entity, by ownership percentage [Abstract] Subsidiaries of the entity, by ownership percentage [Abstract] GC Opportunities Ltd. [Member] The aggregate total costs related to engineering a product design and manufacture, selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Engineering, selling and administrative Subsidiaries of the Registrant [Abstract] EX-101.PRE 11 lgl-20160930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document and Entity Information
 9 Months Ended
Sep. 30, 2016
shares
Document and Entity Information [Abstract]  
Entity Registrant Name LGL GROUP INC
Entity Central Index Key 0000061004
Current Fiscal Year End Date --12-31
Entity Well-known Seasoned Issuer No
Entity Voluntary Filers No
Entity Current Reporting Status Yes
Entity Filer Category Smaller Reporting Company
Entity Common Stock, Shares Outstanding 2,664,564
Document Fiscal Year Focus 2016
Document Fiscal Period Focus Q3
Document Type 10-Q
Amendment Flag false
Document Period End Date Sep. 30, 2016
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current Assets:    
Cash and cash equivalents $ 5,453 $ 5,553
Accounts receivable, less allowances of $35 and $34, respectively 3,064 2,606
Inventories, net (Note D) 3,697 3,546
Prepaid expenses and other current assets 365 247
Total Current Assets 12,579 11,952
Property, Plant and Equipment:    
Land 633 633
Buildings and improvements 3,946 3,938
Machinery and equipment 16,809 16,633
Gross property, plant and equipment 21,388 21,204
Less: accumulated depreciation (18,570) (18,039)
Net property, plant, and equipment 2,818 3,165
Intangible assets, net (Note E) 647 475
Other assets, net 202 211
Total Assets 16,246 15,803
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable 1,293 987
Accrued compensation and commissions expense 903 769
Other accrued expenses 409 320
Total Current Liabilities 2,605 2,076
Commitments and Contingencies (Note L)
Stockholders' Equity    
Common stock, $0.01 par value - 10,000,000 shares authorized; 2,745,098 shares issued and 2,664,564 shares outstanding at September 30, 2016 and 2,745,098 shares issued and 2,665,434 shares outstanding at December 31, 2015 27 27
Additional paid-in capital 29,102 29,106
Accumulated deficit (14,952) (14,874)
Treasury stock: 80,534 and 79,664 shares held in treasury at cost at September 30, 2016 and December 31, 2015, respectively (576) (572)
Accumulated other comprehensive income 40 40
Total Stockholders' Equity 13,641 13,727
Total Liabilities and Stockholders' Equity $ 16,246 $ 15,803
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED (Parenthetical) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Accounts receivable, allowances $ 35 $ 34
Stockholders' Equity    
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Common stock, shares authorized (in shares) 10,000,000 10,000,000
Common stock, shares issued (in shares) 2,745,098 2,745,098
Common stock, shares outstanding (in shares) 2,664,564 2,665,434
Treasury stock, (in shares) 80,534 79,664
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED [Abstract]        
REVENUES $ 5,128 $ 4,796 $ 15,115 $ 15,671
Cost and Expenses:        
Manufacturing cost of sales 3,353 3,209 10,069 10,497
Engineering, selling and administrative 1,803 1,741 5,210 5,822
OPERATING LOSS (28) (154) (164) (648)
Other Income (Expense):        
Interest expense, net (7) (16) (20) (25)
Other income (expense), net 67 (23) 105 112
Total Other Income (Expense) 60 (39) 85 87
INCOME (LOSS) BEFORE INCOME TAXES 32 (193) (79) (561)
Income tax (provision) benefit 0 (2) 1 (13)
NET INCOME (LOSS) $ 32 $ (195) $ (78) $ (574)
Basic per share information:        
Net income (loss) (in dollars per share) $ 0.01 $ (0.07) $ (0.03) $ (0.22)
Weighted average shares outstanding (in shares) 2,665,189 2,652,779 2,665,352 2,635,794
Diluted per share information:        
Net income (loss) (in dollars per share) $ 0.01 $ (0.07) $ (0.03) $ (0.22)
Weighted average shares outstanding (in shares) 2,665,831 2,652,779 2,665,352 2,635,794
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED [Abstract]        
NET INCOME (LOSS) $ 32 $ (195) $ (78) $ (574)
Other Comprehensive Income (Loss):        
Unrealized gain (loss) on available-for-sale securities, net of taxes 6 (4) 0 (5)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS) 38 (4) 0 (5)
COMPREHENSIVE INCOME (LOSS) $ 38 $ (199) $ (78) $ (579)
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - UNAUDITED - 9 months ended Sep. 30, 2016 - USD ($)
$ in Thousands
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income [Member]
Total
Balance at Dec. 31, 2015 $ 27 $ 29,106 $ (14,874) $ (572) $ 40 $ 13,727
Balance (in shares) at Dec. 31, 2015 2,665,434         2,665,434
Net loss $ 0 0 (78) 0 0 $ (78)
Other comprehensive loss 0 0 0 0 0 0
Purchase of common stock for treasury $ 0 0 0 (4) 0 (4)
Purchase of common stock for treasury (in shares) (870)          
Stock-based compensation $ 0 (4) 0 0 0 (4)
Stock-based compensation (shares) 0          
Balance at Sep. 30, 2016 $ 27 $ 29,102 $ (14,952) $ (576) $ 40 $ 13,641
Balance (in shares) at Sep. 30, 2016 2,664,564         2,664,564
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net loss $ (78) $ (574)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 537 607
Amortization of finite-lived intangible assets 50 51
Stock-based compensation (4) 201
Impairment of note receivable 0 43
Gain on disposal of assets (110) (67)
Bargain purchase gain (4) 0
Changes in operating assets and liabilities:    
(Increase) decrease in accounts receivable, net (450) 1,065
(Increase) decrease in inventories, net (121) 424
(Increase) decrease in other assets (36) 42
Increase (decrease) in trade accounts payable, accrued compensation and commissions expense and other accrued liabilities 484 (767)
Net cash provided by operating activities 268 1,025
INVESTING ACTIVITIES    
Capital expenditures (112) (370)
Acquisition of a business (295) 0
Other 43 94
Net cash used in investing activities (364) (276)
FINANCING ACTIVITIES    
Purchase of treasury stock (4) 0
Net used in financing activities (4) 0
(Decrease) increase in cash and cash equivalents (100) 749
Cash and cash equivalents at beginning of period 5,553 5,192
Cash and cash equivalents at end of period 5,453 5,941
Supplemental Disclosure:    
Cash paid for interest 17 0
Cash paid for income taxes $ 38 $ 11
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsidiaries of the Registrant
 9 Months Ended
Sep. 30, 2016
Subsidiaries of the Registrant [Abstract]  
Subsidiaries of the Registrant
A.
Subsidiaries of the Registrant

The LGL Group, Inc. (the "Company"), incorporated in 1928 under the laws of the State of Indiana and reincorporated under the laws of the State of Delaware in 2007, is a holding company with subsidiaries engaged in the designing, manufacturing and marketing of highly-engineered electronic components used to control the frequency or timing of signals in electronic circuits and in the design of high performance Frequency and Time reference standards that form the basis for timing and synchronization in various applications.

As of September 30, 2016, the subsidiaries of the Company are as follows:

  
Owned By The LGL Group, Inc.
 
M-tron Industries, Inc.
  
100.0
%
   Piezo Technology, Inc.
  
100.0
%
   Piezo Technology India Private Ltd.
  
99.0
%
M-tron Asia, LLC
  
100.0
%
M-tron Industries, Ltd.
  
100.0
%
      GC Opportunities Ltd.
  
100.0
%
      M-tron Services, Ltd.
  
100.0
%
Precise Time and Frequency, LLC
  
100.0
%
Lynch Systems, Inc.
  
100.0
%
 
The Company operates through its two principal subsidiaries, M-tron Industries, Inc., which includes the operations of Piezo Technology, Inc. ("PTI") and M-tron Asia, LLC ("Mtron"), and Precise Time and Frequency, LLC ("PTF"), a newly formed subsidiary, to hold the assets of Precise Time and Frequency, Inc., as discussed in Note B below. The Company has operations in Orlando, Florida, Yankton, South Dakota, Wakefield, Massachusetts and Noida, India.  MtronPTI also has sales offices in Sacramento, California and Hong Kong.

During 2007, the Company sold the operating assets of Lynch Systems, Inc., a subsidiary of the Company, to an unrelated party.
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Combination
 9 Months Ended
Sep. 30, 2016
Business Combination [Abstract]  
Business Combination
B.
Business Combination

On September 2, 2016, PTF acquired certain assets and assumed certain liabilities of Precise Time and Frequency, Inc. ("PTF Inc.") (the "PTF Acquisition") for cash consideration of $295,000. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to the provisions of Accounting Standards Codification ("ASC") 805, Business Combinations, ("ASC 805"). The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.

The acquired assets include intellectual property and equipment that will support the Company's strategy to be a broader based supplier of highly engineered products for the generation, synchronization and control of timing and frequency. The intangible assets acquired are being amortized over a weighted average period of ten years. The Company believes this product line will complement the complete line of spectrum control products that Mtron currently provides.

The following is a summary of the preliminary purchase price allocation to the estimated fair values of assets acquired and liabilites assumed in the PTF Acquisition (in thousands):

Purchase consideration
 
$
295
 
     
Net assets acquired:
    
Current assets
  
45
 
Fixed assets
  
85
 
Intangible assets
  
214
 
Current liabilities
  
(45
)
Net assets acquired
 
$
299
 
     
Bargain purchase gain
 
$
(4
)

The assets acquired and and liabilites assumed by PTF were done so through the distressed sale of PTF Inc. and  resulted in a bargain purchase gain which is recorded in other income (expense), net in the condensed consolidated statements of operations for the three and nine months ended September 30, 2016.

Management estimated the fair value of net assets acquired using valuation techniques including income, cost and market approaches. In estimating the fair value of acquired assets and assumed liabilities, the fair value estimates are based on, but not limited to, expected future revenues and cash flows, expected future growth rates and estimated discount rates. The allocation of the purchase price is preliminary as the third party valuation report is not finalized and may be adjusted during the remainder of fiscal 2016.  The items still under review include the fair value of inventory, fixed assets and intangible assets. 

The following table sets forth certain unaudited pro forma information for the three and nine months ended September 30, 2016 and 2015 assuming that the PTF Acquisition occurred on January 1, 2015 (in thousands, except per share data):

  
Three Months Ended
September 30, 2016
  
Nine Months Ended
September 30, 2016
 
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
 
                   
Revenue
 
$
5,188
  
$
—
  
$
5,188
  
$
15,353
  
$
—
  
$
15,353
 
Net income (loss)
 
$
29
  
$
34
  
$
63
  
$
(90
)
 
$
25
  
$
25
 
                         
Basic net income per share
 
$
0.01
  
$
0.01
  
$
0.02
  
$
(0.03
)
 
$
0.01
  
$
(0.02
)
Diluted net income per share
 
$
0.01
  
$
(0.02
)
 
$
0.02
  
$
(0.03
)
 
$
0.01
  
$
(0.02
)

  
Three Months Ended
September 30, 2015
  
Nine Months Ended
September 30, 2015
 
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
 
                   
Revenue
 
$
4,979
  
$
—
  
$
4,979
  
$
16,219
  
$
—
  
$
16,219
 
Net income (loss)
 
$
(205
)
 
$
(42
)
 
$
(247
)
 
$
(605
)
 
$
(51
)
 
$
(656
)
                         
Basic net income per share
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.09
)
 
$
(0.23
)
 
$
(0.02
)
 
$
(0.25
)
Diluted net income per share
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.09
)
 
$
(0.23
)
 
$
(0.02
)
 
$
(0.25
)

The pro forma adjustments include amortization expense related to the acquired intangible assets and an adjustment for acquisition related expenses incurred that for pro forma purposes should be reflected in 2015.

The net sales included in the Company's consolidated statement of operations which were generated by the PTF Acquisition from the acquisition closing date of September 2, 2016 through September 30, 2016 was $14,000. The losses included in the Company's condensed consolidated statement of operations derived from the PTF Acquisition's business from the acquisition closing date to September 30, 2016 were $(50,000).
 
Acquisition-related costs for purposes of accounting principles generally accepted in the United States of America ("GAAP") are costs the acquirer incurs to effect a business combination, including advisory, legal, accounting, valuation, and other professional or consulting fees.  The Company incurred a total of approximately $38,000 of acquisition-related costs charged to engineering, general and administrative expenses during the three and nine months ended September 30, 2016.
 
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation
 9 Months Ended
Sep. 30, 2016
Basis of Presentation [Abstract]  
Basis of Presentation
C.
Basis of Presentation

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended September 30, 2016, are not necessarily indicative of the results that may be expected for the full year ending December 31, 2016.

This interim information should be read in conjunction with the consolidated financial statements in the Company's Annual Report on Form 10-K for the year ended December 31, 2015, filed with the Securities and Exchange Commission (the "SEC") on March 29, 2016. The accompanying unaudited condensed consolidated financial statements should also be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations contained in this Quarterly Report on Form 10-Q.
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories
 9 Months Ended
Sep. 30, 2016
Inventories [Abstract]  
Inventories
D.
Inventories

Inventories are valued at the lower of cost or market value using the FIFO (first-in, first-out) method. The Company reduces the value of its inventories to market value when the market value is believed to be less than the cost of the item.  The inventory reserve for obsolescence as of September 30, 2016 and December 31, 2015 was $2,873,000 and $3,016,000, respectively.

Inventories are comprised of the following (in thousands):

  
September 30, 2016
  
December 31, 2015
 
       
Raw materials
 
$
1,387
  
$
1,418
 
Work in process
  
1,391
   
1,325
 
Finished goods
  
919
   
803
 
Total Inventories, net
 
$
3,697
  
$
3,546
 
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets
 9 Months Ended
Sep. 30, 2016
Intangible Assets [Abstract]  
Intangible Assets
E.
Intangible Assets

Intangible assets are recorded at cost less accumulated amortization and included in engineering, selling and administrative expenses in the accompanying condensed consolidated statements of operations. Amortization is computed for financial reporting purposes using the straight-line method over the estimated useful lives of the assets, which range up to 10 years. The intangible assets consist of intellectual property and goodwill. As a result of the PTF Acquisition, the gross carrying amount of intangible assets increased from $538,000 at December 31, 2015 to $752,000 at September 30, 2016. The net carrying value of the amortizable intangible assets was $607,000 and $435,000 as of September 30, 2016 and December 31, 2015, respectively. Goodwill, which is not amortizable, was $40,000 as of September 30, 2016 and December 31, 2015.

The estimated aggregate amortization expense for the remaining portion of 2016 and each of the four succeeding years and thereafter is as follows (in thousands):

2016
 
$
19
 
2017
  
75
 
2018
  
75
 
2019
  
75
 
2020
  
75
 
Thereafter
  
288
 
Total
 
$
607
 
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
CNB Loan
 9 Months Ended
Sep. 30, 2016
CNB Loan [Abstract]  
CNB Loan
F.
CNB Loan

On September 30, 2016, MtronPTI renewed its Loan Agreement (the "CNB Loan Agreement"), with City National Bank of Florida ("City National"). The CNB Loan Agreement provides for a revolving line of credit in the amount of $3.0 million (the "CNB Revolver"), which bears interest at a variable rate equal to 30-day LIBOR plus 200 basis points to be set on the first day of each month, and expires on September 30, 2018. The CNB Loan Agreement also provides that MtronPTI will pay City National a fee equal to 0.75% per year on the daily unused amount. The Company's obligations under the CNB Loan Agreement are secured only by cash collateral and do not require any other liens.
At September 30, 2016 and December 31, 2015, there was no balance outstanding under the CNB Revolver and no associated restricted cash.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation
 9 Months Ended
Sep. 30, 2016
Stock-Based Compensation [Abstract]  
Stock-Based Compensation
G.
Stock-Based Compensation

The Company measures the cost of employee services in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the requisite service period, typically the vesting period.

The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. The Company also estimates forfeitures at the time of grant and revises, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

Restricted stock awards are made at a value equal to the market price of the Company's common stock on the date of the grant.

On September 2, 2016, the Company's board of directors (the "Board") granted a total of 28,000 options to purchase shares of the Company's common stock to members of executive management pursuant to the Company's Amended and Restated 2011 Incentive Plan. These stock options have an exercise price equal to the grant date fair value of the Company's common stock of $3.90, a three-year life expiring on September 2, 2021, and vest as follows: 25% on the grant date; 25% on the first anniversary of the grant date; an additional 25% on the second anniversary of the grant date; and the remaining 25% on the third anniversary of the grant date. These stock options have a grant date fair value of $0.89 per option.

Compensation expense related to share-based compensation is recognized over the applicable vesting periods. As of September 30, 2016, there was approximately $38,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements that will be recognized over a weighted average period of 2.2 years..
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2016
Net Income (Loss) Per Share [Abstract]  
Net Loss Per Share
H.
Net Income (Loss) Per Share

The Company computes net income (loss) per share in accordance with Accounting Standards Codification ("ASC") 260, Earnings Per Share ("ASC 260").  Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share adjusts basic income (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive. Shares of restricted stock granted to members of the Board as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic income (loss) per share.

For the three and nine months ended  September 30, 2016 there were options to purchase 130,554 shares and 139,902 shares, respectively, of the Company's common stock and warrants to purchase 519,241 shares of common stock that were excluded from the diluted income (loss) per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive during the respective periods.

For the three and nine months ended  September 30, 2015, there were options to purchase 189,023 shares of the Company's common stock and warrants to purchase 519,241 shares of common stock that were excluded from the diluted income (loss) per share computation because the impact of the assumed exercise of such stock options would have been anti-dilutive during the respective periods.
The following table reconciles basic weighted average shares outstanding to diluted weighted average shares outstanding for the three and nine months ended September 30, 2016 and 2015

  
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
  
2016
  
2015
  
2016
  
2015
            
Weighted average shares outstanding - basic
 
2,665,189
  
2,652,779
  
2,665,352
  
2,635,794
Effect of diluted securities
 
642
  
—
  
—
  
—
Weighted average shares outstanding - diluted
 
2,665,831
  
2,652,779
  
2,665,352
  
2,635,794
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stockholders' Equity
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity [Abstract]  
Stockholders' Equity
I.
Stockholders' Equity

On August 29, 2011, the Board authorized the Company to repurchase up to 100,000 shares of its common stock in accordance with applicable securities laws. This authorization increased the total number of shares authorized and available for repurchase under the Company's existing share repurchase program to 540,000 shares, at such times, amounts and prices as the Company shall deem appropriate. As of September 30, 2016, the Company had repurchased a total of 80,534 shares of common stock at a cost of $576,000, which shares are currently held in treasury.

On August 6, 2013, the Company distributed warrants to purchase shares of the Company's common stock as a dividend to holders of the Company's common stock on July 29, 2013, the record date for the dividend. Stockholders received five warrants for each share of the Company's common stock owned on the record date. When exercisable, 25 warrants will entitle their holder to purchase one share of the Company's common stock at an exercise price of $7.50 per share (subject to adjustment).

The warrants are "European style warrants" and will only become exercisable on the earlier of (i) their expiration date, August 6, 2018, and (ii) such date that the 30-day volume weighted average price per share, or VWAP, of the Company's common stock is greater than or equal to $15.00 (subject to adjustment). Once the warrants become exercisable, they may be exercised in accordance with the terms of the warrant agreement between the Company and the warrant agent until their expiration at 5:00 p.m., Eastern Time, on the expiration date.

The warrants are quoted on the over-the-counter market under the symbol "LGLPW."
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements
 9 Months Ended
Sep. 30, 2016
Fair Value Measurements [Abstract]  
Fair Value Measurements
J.
Fair Value Measurements

The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures.  These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company. 

Fair Value Hierarchy

GAAP defines fair value, establishes a framework for measuring fair value, and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.  Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:

Level 1.
Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2.
Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.

Level 3.
Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.

The following is a summary of valuation techniques utilized by the Company for its significant financial and non-financial assets and liabilities as of September 30, 2016 and December 31, 2015:

Assets

To estimate the fair value of its equity and U.S. Treasury securities, the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below (in thousands).

  
Level 1
  
Level 2
  
Level 3
  
Total
September 30, 2016
 
Equity securities 
 
$
55
  
$
—
  
$
—
  
$
55
 
U.S. Treasury securities (cash equivalents)
 
$
3,695
  
$
—
  
$
—
  
$
3,695
 

  
Level 1
  
Level 2
  
Level 3
  
Total
December 31, 2015
 
Equity securities 
 
$
56
  
$
—
  
$
—
  
$
56
 
U.S. Treasury securities (cash equivalents)
 
$
4,089
  
$
—
  
$
—
  
$
4,089
 

There were no transfers from level 2 to level 3 during the period. There were no level 2 or 3 assets  as of September 30, 2016 or December 31, 2015.

The Company also has assets that may be subject to measurement at fair value on a non-recurring basis, including goodwill and intangible assets, and other long-lived assets. The Company reviews the carrying value of these assets whenever events and circumstances indicate that the carrying amounts of the assets may not be recoverable. If it is determined that the assets are impaired, the carrying value would be reduced to estimated fair value.
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Foreign Revenues
 9 Months Ended
Sep. 30, 2016
Foreign Revenues [Abstract]  
Foreign Revenues
K.
Foreign Revenues

For the three and nine months ended September 30, 2016 and 2015, significant foreign revenues from operations (10% or more of foreign sales) were as follows (in thousands):

  
Three Months Ended
September 30,
 
  
2016
  
2015
 
Significant Foreign Revenues:
      
Malaysia 
 
$
694
  
$
451
 
All other foreign countries 
  
655
   
629
 
Total foreign revenues 
 
$
1,349
  
$
1,080
 

  
Nine Months Ended
September 30,
 
  
2016
  
2015
 
Significant Foreign Revenues:
      
Malaysia 
 
$
2,202
  
$
1,749
 
All other foreign countries 
  
1,880
   
2,407
 
Total foreign revenues 
 
$
4,082
  
$
4,156
 

The Company allocates its foreign revenue based on the customer's ship-to location.
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2016
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
L.
Commitments and Contingencies

In the normal course of business, the Company and its subsidiaries may become defendants in certain product liability, patent infringement, worker claims and other litigation.  The Company records a liability when it is probable that a loss has been incurred and the amount is reasonably estimable. The Company is not involved in any legal proceedings other than routine litigation arising in the normal course of business, none of which the Company believes will have a material adverse effect on the Company's business, financial condition or results of operations.
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions
 9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
M.
Related Party Transactions

At September 30, 2016 and December 31, 2015, approximately $3,695,000 and $4,089,000, respectively, was invested in United States Treasury money market funds managed by a related entity (the "Fund Manager") which is related through a common director. One of the Company's directors, who is also a 10% stockholder, currently serves as a director and executive officer of the Fund Manager. The fund transactions during the nine months ended September 30, 2016 and for the year ended December 31, 2015, were directed solely at the discretion of Company management. There are no management fees associated with fund transactions.
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Combination (Policies)
 9 Months Ended
Sep. 30, 2016
Business Combination [Abstract]  
Business Combinations Policy
On September 2, 2016, PTF acquired certain assets and assumed certain liabilities of Precise Time and Frequency, Inc. ("PTF Inc.") (the "PTF Acquisition") for cash consideration of $295,000. The acquisition was accounted for under the acquisition method of accounting for business combinations pursuant to the provisions of Accounting Standards Codification ("ASC") 805, Business Combinations, ("ASC 805"). The acquisition method of accounting requires, among other things, that the assets acquired and liabilities assumed in a business combination be measured at their fair values as of the closing date of the acquisition.
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation (Policies)
 9 Months Ended
Sep. 30, 2016
Stock-Based Compensation [Abstract]  
Stock-Based Compensation
The Company measures the cost of employee services in exchange for an award of equity instruments based on the grant-date fair value of the award and recognizes the cost over the requisite service period, typically the vesting period.

The Company estimates the fair value of stock options on the grant date using the Black-Scholes-Merton option-pricing model. The Black-Scholes-Merton option-pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. There is no expected dividend rate. Historical Company information was the basis for the expected volatility assumption as the Company believes that the historical volatility over the life of the option is indicative of expected volatility in the future. The risk-free interest rate is based on the U.S. Treasury zero-coupon rates with a remaining term equal to the expected term of the option. The Company also estimates forfeitures at the time of grant and revises, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

Restricted stock awards are made at a value equal to the market price of the Company's common stock on the date of the grant.
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share (Policies)
 9 Months Ended
Sep. 30, 2016
Net Income (Loss) Per Share [Abstract]  
Net Loss Per Share
The Company computes net income (loss) per share in accordance with Accounting Standards Codification ("ASC") 260, Earnings Per Share ("ASC 260").  Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share adjusts basic income (loss) per share for the effects of stock options, non-participating restricted common stock, and other potentially dilutive financial instruments, only in the periods in which the effects are dilutive. Shares of restricted stock granted to members of the Board as a portion of their director fees are deemed to be participating as defined by ASC 260 and therefore are included in the computation of basic income (loss) per share.
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Policies)
 9 Months Ended
Sep. 30, 2016
Fair Value Measurements [Abstract]  
Fair Value Measurements
The Company measures financial and non-financial assets and liabilities at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures.  These measurements involve various valuation techniques and assume that the transactions would occur between market participants in the most advantageous market for the Company. 

Fair Value Hierarchy

GAAP defines fair value, establishes a framework for measuring fair value, and requires disclosures about fair value measurements. GAAP emphasizes that fair value is intended to be a market-based measurement, as opposed to a transaction-specific measurement.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.  Depending on the nature of the asset or liability, various techniques and assumptions can be used to estimate the fair value. Assets and liabilities are measured using inputs from three levels of the fair value hierarchy, as follows:

Level 1.
Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. An active market is defined as a market in which transactions for the assets or liabilities occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

Level 2.
Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in less active markets, or model-derived valuations in which all significant inputs are observable or can be derived principally from or corroborated with observable market data for substantially the full term of the assets or liabilities. Level 2 inputs also include non-binding market consensus prices that can be corroborated with observable market data, as well as quoted prices that were adjusted for security-specific restrictions.

Level 3.
Unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of assets or liabilities. Level 3 inputs also include non-binding market consensus prices or non-binding broker quotes that we were unable to corroborate with observable market data.

The following is a summary of valuation techniques utilized by the Company for its significant financial and non-financial assets and liabilities as of September 30, 2016 and December 31, 2015:
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsidiaries of the Registrant (Tables)
 9 Months Ended
Sep. 30, 2016
Subsidiaries of the Registrant [Abstract]  
Ownership Percentage of Subsidiaries
As of September 30, 2016, the subsidiaries of the Company are as follows:

  
Owned By The LGL Group, Inc.
 
M-tron Industries, Inc.
  
100.0
%
   Piezo Technology, Inc.
  
100.0
%
   Piezo Technology India Private Ltd.
  
99.0
%
M-tron Asia, LLC
  
100.0
%
M-tron Industries, Ltd.
  
100.0
%
      GC Opportunities Ltd.
  
100.0
%
      M-tron Services, Ltd.
  
100.0
%
Precise Time and Frequency, LLC
  
100.0
%
Lynch Systems, Inc.
  
100.0
%
 
The Company operates through its two principal subsidiaries, M-tron Industries, Inc., which includes the operations of Piezo Technology, Inc. ("PTI") and M-tron Asia, LLC ("Mtron"), and Precise Time and Frequency, LLC ("PTF"), a newly formed subsidiary, to hold the assets of Precise Time and Frequency, Inc., as discussed in Note B below. The Company has operations in Orlando, Florida, Yankton, South Dakota, Wakefield, Massachusetts and Noida, India.  MtronPTI also has sales offices in Sacramento, California and Hong Kong.
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Combination (Tables)
 9 Months Ended
Sep. 30, 2016
Business Combination [Abstract]  
Estimated Fair Values of Assets Acquired and Liabilities Assumed
The following is a summary of the preliminary purchase price allocation to the estimated fair values of assets acquired and liabilites assumed in the PTF Acquisition (in thousands):

Purchase consideration
 
$
295
 
     
Net assets acquired:
    
Current assets
  
45
 
Fixed assets
  
85
 
Intangible assets
  
214
 
Current liabilities
  
(45
)
Net assets acquired
 
$
299
 
     
Bargain purchase gain
 
$
(4
)
Certain Unaudited Pro Forma Information
The following table sets forth certain unaudited pro forma information for the three and nine months ended September 30, 2016 and 2015 assuming that the PTF Acquisition occurred on January 1, 2015 (in thousands, except per share data):

  
Three Months Ended
September 30, 2016
  
Nine Months Ended
September 30, 2016
 
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
 
                   
Revenue
 
$
5,188
  
$
—
  
$
5,188
  
$
15,353
  
$
—
  
$
15,353
 
Net income (loss)
 
$
29
  
$
34
  
$
63
  
$
(90
)
 
$
25
  
$
25
 
                         
Basic net income per share
 
$
0.01
  
$
0.01
  
$
0.02
  
$
(0.03
)
 
$
0.01
  
$
(0.02
)
Diluted net income per share
 
$
0.01
  
$
(0.02
)
 
$
0.02
  
$
(0.03
)
 
$
0.01
  
$
(0.02
)

  
Three Months Ended
September 30, 2015
  
Nine Months Ended
September 30, 2015
 
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
  
Historical
  
Pro Forma Adjustments
  
Pro Forma
 
                   
Revenue
 
$
4,979
  
$
—
  
$
4,979
  
$
16,219
  
$
—
  
$
16,219
 
Net income (loss)
 
$
(205
)
 
$
(42
)
 
$
(247
)
 
$
(605
)
 
$
(51
)
 
$
(656
)
                         
Basic net income per share
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.09
)
 
$
(0.23
)
 
$
(0.02
)
 
$
(0.25
)
Diluted net income per share
 
$
(0.08
)
 
$
(0.01
)
 
$
(0.09
)
 
$
(0.23
)
 
$
(0.02
)
 
$
(0.25
)
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Tables)
 9 Months Ended
Sep. 30, 2016
Inventories [Abstract]  
Inventories
Inventories are comprised of the following (in thousands):

  
September 30, 2016
  
December 31, 2015
 
       
Raw materials
 
$
1,387
  
$
1,418
 
Work in process
  
1,391
   
1,325
 
Finished goods
  
919
   
803
 
Total Inventories, net
 
$
3,697
  
$
3,546
 
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2016
Intangible Assets [Abstract]  
Future Amortization Expense of Finite-Lived Intangible Assets
The estimated aggregate amortization expense for the remaining portion of 2016 and each of the four succeeding years and thereafter is as follows (in thousands):

2016
 
$
19
 
2017
  
75
 
2018
  
75
 
2019
  
75
 
2020
  
75
 
Thereafter
  
288
 
Total
 
$
607
 
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share (Tables)
 9 Months Ended
Sep. 30, 2016
Net Income (Loss) Per Share [Abstract]  
Reconciliation of Basic to Diluted Weighted Average Shares Outstanding

  
Three Months Ended
September 30,
  
Nine Months Ended
September 30,
  
2016
  
2015
  
2016
  
2015
            
Weighted average shares outstanding - basic
 
2,665,189
  
2,652,779
  
2,665,352
  
2,635,794
Effect of diluted securities
 
642
  
—
  
—
  
—
Weighted average shares outstanding - diluted
 
2,665,831
  
2,652,779
  
2,665,352
  
2,635,794
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2016
Fair Value Measurements [Abstract]  
Fair Value on Recurring Basis

Assets

To estimate the fair value of its equity and U.S. Treasury securities, the Company obtains current market pricing from quoted market sources or uses pricing for identical securities. Assets measured at fair value on a recurring basis are summarized below (in thousands).

  
Level 1
  
Level 2
  
Level 3
  
Total
September 30, 2016
 
Equity securities 
 
$
55
  
$
—
  
$
—
  
$
55
 
U.S. Treasury securities (cash equivalents)
 
$
3,695
  
$
—
  
$
—
  
$
3,695
 

  
Level 1
  
Level 2
  
Level 3
  
Total
December 31, 2015
 
Equity securities 
 
$
56
  
$
—
  
$
—
  
$
56
 
U.S. Treasury securities (cash equivalents)
 
$
4,089
  
$
—
  
$
—
  
$
4,089
 
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Foreign Revenues (Tables)
 9 Months Ended
Sep. 30, 2016
Foreign Revenues [Abstract]  
Foreign Revenues
For the three and nine months ended September 30, 2016 and 2015, significant foreign revenues from operations (10% or more of foreign sales) were as follows (in thousands):

  
Three Months Ended
September 30,
 
  
2016
  
2015
 
Significant Foreign Revenues:
      
Malaysia 
 
$
694
  
$
451
 
All other foreign countries 
  
655
   
629
 
Total foreign revenues 
 
$
1,349
  
$
1,080
 

  
Nine Months Ended
September 30,
 
  
2016
  
2015
 
Significant Foreign Revenues:
      
Malaysia 
 
$
2,202
  
$
1,749
 
All other foreign countries 
  
1,880
   
2,407
 
Total foreign revenues 
 
$
4,082
  
$
4,156
 
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsidiaries of the Registrant (Details)
 9 Months Ended
Sep. 30, 2016
Subsidiary
Subsidiaries of the entity, by ownership percentage [Abstract]  
Number of subsidiaries 2
M-tron Industries, Inc. [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
Piezo Technology, Inc. [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
Piezo Technology India Private Ltd. [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 99.00%
Precise Time and Frequenc, LLC [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
M-tron Asia LLC [Member} [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
M-tron Industries, Ltd. [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
GC Opportunities Ltd. [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
M-tron Services Ltd [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
Lynch Systems, Inc. [Member]  
Subsidiaries of the entity, by ownership percentage [Abstract]  
Precise Time and Frequency, LLC 100.00%
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Combination (Details) - USD ($)
 1 Months Ended 3 Months Ended 9 Months Ended
Sep. 02, 2016
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
PTF Acquisition [Abstract]            
Net sales attributable to acquisition     $ 5,128,000 $ 4,796,000 $ 15,115,000 $ 15,671,000
Net assets acquired: [Abstract]            
Bargain purchase gain         4,000 0
Historical [Abstract]            
Historical net income (loss)     $ 29,000 $ (205,000) $ (90,000) $ (605,000)
Historical diluted net income per share     $ 0.01 $ (0.08) $ (0.03) $ (0.23)
Historical basic net income per share     $ 0.01 $ (0.08) $ (0.03) $ (0.23)
Historical revenue     $ 5,188,000 $ 4,979,000 $ 15,353,000 $ 16,219,000
Pro Forma Adjustments [Abstract]            
Revenue     0 0 0 0
Net income (loss)     $ 34,000 $ (42,000) $ 25,000 $ (51,000)
Basic net income per share (in dollars per share)     $ 0.01 $ (0.01) $ 0.01 $ (0.02)
Diluted net income per share (in dollars per share)     $ 0.01 $ (0.01) $ 0.01 $ (0.02)
Pro Forma [Abstract]            
Revenue     $ 5,188,000 $ 4,979,000 $ 15,353,000 $ 16,219,000
Net income (loss)     $ 63,000 $ (247,000) $ (65,000) $ (656,000)
Basic net income per share (in dollars per share)     $ 0.02 $ (0.09) $ (0.02) $ (0.25)
Diluted net income per share (in dollars per share)     $ 0.02 $ (0.09) $ (0.02) $ (0.25)
PTF Inc. [Member]            
PTF Acquisition [Abstract]            
Date of acquisition         Sep. 02, 2016  
Assets Acquired and Liabilities Assumed [Abstract]            
Purchase consideration $ 295,000          
Net assets acquired: [Abstract]            
Current assets 45,000          
Fixed assets 85,000          
Intangible assets 214,000          
Current liabilities (45,000)          
Net assets acquired 299,000          
Bargain purchase gain $ (4,000)          
PTF Inc. [Member] | Sales [Member]            
PTF Acquisition [Abstract]            
Net sales attributable to acquisition   $ 14,000        
PTF Inc. [Member] | Income (Loss) [Member]            
PTF Acquisition [Abstract]            
Loss attributable to acquisition   $ (50,000)        
PTF Inc. [Member] | General and Administrative Expense [Member]            
PTF Acquisition [Abstract]            
Acquistion costs     $ 38,000   $ 38,000  
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Details) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Classification of inventories [Abstract]    
Raw materials $ 1,387,000 $ 1,418,000
Work in process 1,391,000 1,325,000
Finished goods 919,000 803,000
Total Inventories, net 3,697,000 3,546,000
Inventory reserve for obsolescence $ 2,873,000 $ 3,016,000
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets (Details) - USD ($)
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Intangible Assets [Abstract]    
Estimated useful life 10 years  
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]    
2016 $ 19,000  
2017 75,000  
2018 75,000  
2019 75,000  
2020 75,000  
Thereafter 288,000  
Total 607,000 $ 435,000
Goodwill 40,000 40,000
Intangible Assets, Gross (Excluding Goodwill) [Abstract]    
Intangible Assets, Gross (Excluding Goodwill), Total $ 752,000 $ 538,000
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
CNB Loan (Details) - CNB Revolver [Member] - USD ($)
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Debt Instrument [Line Items]    
Line of credit $ 3,000,000  
Debt instrument maturity date Sep. 30, 2018  
Percentage of commitment fee on unused capacity 0.75%  
Line of credit facility amount outstanding $ 0 $ 0
Line of credit facility associated restricted cash $ 0 $ 0
30-day LIBOR [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.00%  
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stock-Based Compensation (Details)
 9 Months Ended
Sep. 30, 2016
USD ($)
$ / shares
shares
Stock-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition 2 years 2 months 12 days
2011 Incentive Plan [Member] | Executive Management [Member] | Stock Options [Member]  
Stock-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Share-based compensation, shares granted options to purchase (in shares) | shares 28,000
Exercise price of stock options granted (in dollars per share) $ 3.90
Vesting period 3 years
Stock option, expiration date Sep. 02, 2021
Percentage of shares vested on grant date 25.00%
Percentage of shares vested on first anniversary of the grant date 25.00%
Percentage of shares vested on second anniversary of the grant date 25.00%
Percentage of shares vested on third anniversary of the grant date 25.00%
Grant date fair value (in dollars per share) $ 0.89
Unrecognized compensation expense | $ $ 38,000
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Income (Loss) Per Share (Details) - shares
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]        
Weighted average shares outstanding - basic (in shares) 2,665,189 2,652,779 2,665,352 2,635,794
Effect of diluted securities 642 0 0 0
Weighted average shares outstanding - diluted (in shares) 2,665,831 2,652,779 2,665,352 2,635,794
Options [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Abstract]        
Shares of common stock and warrants excluded from computation of diluted income (loss) per share (in shares) 130,554 189,023 139,902 189,023
Warrant [Member]        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Abstract]        
Shares of common stock and warrants excluded from computation of diluted income (loss) per share (in shares) 519,241 519,241 519,241 519,241
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stockholders' Equity (Details) - USD ($)
$ / shares in Units, $ in Thousands
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Aug. 29, 2011
Stockholders' Equity [Abstract]      
Dividend declaration date Aug. 06, 2013    
Dividend date of record Jul. 29, 2013    
Number of warrants received for each share of common stock (in shares) 5    
Number of warrants that entitle holder to purchase one share of common stock (in shares) 25    
Number of common shares callable by warrants (in shares) 1    
Warrant exercise price (in dollars per share) $ 7.50    
Minimum 30-day volume weighted average price per share (in dollars per share) $ 15.00    
Total number of shares authorized and available for repurchase (in shares) 540,000   100,000
Number of shares repurchased (in shares) 80,534 79,664  
Value of repurchased common stock (in thousands) $ 576 $ 572  
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Equity Securities [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets $ 55 $ 56
U.S. Treasury Securities (Cash Equivalents) [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets 3,695 4,089
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets 55 56
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Treasury Securities (Cash Equivalents) [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets 3,695 4,089
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets 0 0
Significant Other Observable Inputs (Level 2) [Member] | U.S. Treasury Securities (Cash Equivalents) [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets 0 0
Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets 0 0
Significant Unobservable Inputs (Level 3) [Member] | U.S. Treasury Securities (Cash Equivalents) [Member]    
Assets measured at fair value on recurring basis [Abstract]    
Fair value assets $ 0 $ 0
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Foreign Revenues (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Significant Foreign Revenues [Abstract]        
Total foreign revenues $ 1,349 $ 1,080 $ 4,082 $ 4,156
Malaysia [Member]        
Significant Foreign Revenues [Abstract]        
Total foreign revenues 694 451 2,202 1,749
All Other Foreign Countries [Member]        
Significant Foreign Revenues [Abstract]        
Total foreign revenues $ 655 $ 629 $ 1,880 $ 2,407
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions (Details) - Director [Member] - USD ($)
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Related Party Transaction [Line Items]    
Amount invested in United States Treasury money market funds $ 3,695,000 $ 4,089,000
Minority interest held by Company's director 10.00%  
Management fees associated with fund transactions $ 0  
EXCEL 54 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( "EV;DF9D_GWS $ -,: 3 6T-O;G1E;G1?5'EP97-= M+GAM;,V9RT[#,!!%?Z7*%C6N[?(494/9 A+\@$FFC=4XMFRWE+_'3@%!51"O M2G>31^]X[DW&.9N>WS\Y"H.U:;LP*9H8W1ECH6K(J%!:1UU29M8;%=.MGS.G MJH6:$Q.CT1&K;!>IB\.8>Q07YS;"/7X4C?)4WT6?YKO[VWA? ML+\<>:[]]6=#[\7 ^M,>(?&C' (DAP3),0;)<0B2XP@DQS%(CA.0'*<@.?@( M)0@*43D*4CD*4SD*5#D*53D*5CD*5SD*6#D*604*604*604*604*604*604* M604*604*604*604*624*624*624*624*624*624*624*624*624*624*6<[% *P( L !? M.0Q(OW[ MCMB PD.MQ-*O>X^NO ZIK XTHO8<4M?'5$Q^#*G*_=ITJK$"2+8CCVG!D4*> M-BP>-9?20D0[8$NP+,L5R*V.V:SGVL7.U49V[M,41Y26M#;3"&>6X9MY6&3I M//B)]!=C;IK>TI;MR5/0!_ZS#0//>997'L=V+YRO+0O]C^AY%.!)T:'B1?4C M9@,2[2F]@OIZ (4QOCLEFI2"(S>C@KN_V/P"4$L#!!0 ( "EV;DEYY7JT ML0$ !L: : >&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'/%V< 94 *S=LU1MH8* $^I/.&/7NK2P,_LP7%R3?IDT[R9EWT3QI MVD4;R_EC.%7IT+6Q/O1Q\M:0D(:PY6@O@6CA>"P!; M.&(+(%LX9@M 6SAJ"V!;.&X+@%LX<@N@6SAV"\!;.'HKT%LY>BO06TGOVNAE MFZ.W KV5H[<"O96CMP*]E:.W KV5H[<"O96CMP*]E:.W KV5H[X[>'NCM.7K["[UC70UA^Y2&0[N/UZ[Y-AP67> =T_LI7#_E/!4V M7&B=QIV".Q^O_M2_SFZ\UXXI[$=G>B50+:"$#V M'D<2NR2\;RV,2;J6A<$"8H[7!)%T.E,ZYH:V>FZIV4P$X*@@C4$:J]-NWUGP M;D"&$%XE6Z,MNY=YZ2=)) )NA)+VDPBT0C4SS'T/(.I9^X!<@RQ[$*1:F)7= M+C!E48[Q A[!D'S9,QXA%*A/88X9JCCAM17FRS*VO!:W]FTG1]!J%VEM,[/7M.WDG4E\ M82+ Y]F$:_.?J,ASVA!QNV:B2'1C@G$9,E<::D?V* M75+PR)=O5\'GLN&// M=1BMO.?1H]/W:3/HC_KCHKB@D"+/ J7VQ/IXQ&.JX0,7 M+D8*\9)-0+-\--4;7Z@HI/'RC;E_4VK92N #W3GVRJ,4V!-P3#5DC5Z=SH/2 M(.:2RD'DI#7,4"JQ,+F1_+H,%=T7&H4RJ./R!2*:P"'+[OJ*^51FY$'&1#6\ MJMKL8J+H8T(>+AMQO=9K2GFFUH3-37AG-'SUH*CFP.?4CS4,E!KZ&'"OLP_# M#[+D\V8L%8Y.ZKW#41WD]*;3@%,'#!?1*:0>07YA]2!^,SF.P.K[.E=K7C'G M]'%R)+3:(A=:)Q;YH(OZP9$K?GFIE)\<>P\,:_=A;'\ 4$L#!!0 ( "EV M;DD@JJLI/@$ &D# 1 9&]C4')O<',O8V]R92YX;6S-DTU/PS ,AO\* MZKU+LTU#1%T/@#@Q"8DA$+>0>%M8\Z'$4]=_3Y9U+0,NNW&K:[^/7\=)*1P3 MUL.3MPX\*@A7>UV;P(2;9QM$QP@)8@.:AU&L,#&YLEYSC*%?$\?%EJ^!C(MB M1C0@EQPY.0!SUQ.SJI2""0\_P4O1XM_-U@DE!H 8-!@.A(TJRZL5LC6U, M209]54;'-0^XL%*M%,C;=BC[G8J=$;P.1SG(OGWZ^Z>'E"%95[D/JJ]JFF;4 M3%)=')B2M\7C."SG)*&UL[5I; M<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY\^XN8NB&B)3R> +]O6N[!3+UES@6QHO(];JM-O=5H1I;*$8 M1V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,!$U=!)KF(M/+Y;,7\VMX^9<_I M.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9KQ]'22(""R7V4!;I)]J/3%0@R M#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2BW A(5M>5 TR 6'!VULS2 Y9>*?IUE!K9';O= M05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$T4Q0?*]!MHK@PI+27)#6SRFU M4!H(FLB!]4>"(<7K;YH]5Z%82=J$^!!&&N*<<^9ST6S[ M!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&MG#P=$Q+-E L&08:7)"82J3E^ M34@3_BNEVOZKR2.FJW"$2M"/F(9-AIRM1:!MG&IA&!:$L;1>$[2 MM!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+D!&_'H8X2IKMHG%8!/V>7L-) MP>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T!Z.:60F]A%9JGZJ'-#ZH'C(* M!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+ .7\N?<^E[[GT/:'2MSAD6R4)RU3393>*$IY"&V[I4_5*E=?EK[DHN#Q; MY.FOH70^+,_Y/%_GM,T+,T.WF)&Y"M-2D&_#^>G%>!KB.=D$N7V8 M5VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_#0X=Y>U^89Y7&4#04;6RL)"Q& MMV"XU_$L%.!D8"V@!X.O40+R4E5@,5O& RN0HGQ,C$7H<.>77%_CT9+CVZ9E MM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55ORL+YJ/;053L_^6:W(GPP13A8+ M$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SCYL=Q3E.X$G:V#P(RN;LYJ7IE M,6>F\M\M# DL6XA9$N)-7>W5YYNTB42%(JP# 4A%W+C[^^3:G>,U_HL@6V$5#)D MU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF8$O#>FZ=+2?_VU[4/;07/4;S MHYG@'K.'YA,L0Z1^P7V*BH 1JV*^NJ]/ M^26<.[1[\8$@F_S6VZ3VW> ,?-2K6J5D*Q$_2P=\'Y(&8XQ;]#1?CQ1BK::Q MK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]!U4#E/]O4#6CV#30,9FV M-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04 " I=FY)'5 \*S," #G" M#0 'AL+W-T>6QEK=:^8^7-\?XA3VXA,!Q?,YC&(17 MT#N?=.V?YM5G1]2AH?;Z&I*H$'Q9B@&2J'D">T2U?V#<,T&%!$KW2FNP"$<, M.X];1$DJB0$+Q @].'AC -O>WH\1+J3-[3(H%!Q10SE$](:FS3"E]^8R/Q0+[JX MSL<\8Q\"HV(P=2-Z<[H&MJG>G,UQSVBO7T0+NF+DU]&HKNGA$R4E9]AI==!6 M]+OGZ(,3]$F$!E90"4F>M+^Y!YD&L(1@CZ4BV1SY(5&]PYWJ+[#7%:<4OK3D MOZGISW=M4J-OX+]NSW]-/G\V]E\(C_2<\2CN6I9BN;6C^=>%O?_P6I695\^K ME1;^IC2O'W&S.;J8HB,*TI901?B@ 9GWWIW131<3;IJ@FC/OIN%I3Q5*]5?' M(HLFRW&!6JJ^D;U0]C"&D_W%R _"T6LW4L1PLK_BG+3LVBJ8/FV2GU!+ P04 M " I=FY):?(A].(# #W#0 #P 'AL+W=O55*'0 M[_:C3H =AKJP+#.Y:&"K0KJ_]R\BEHL-KY1?06I'AW M&!@>,)YY^296?#V*NA'CE3?W4GEA)]R+/ZVI=E)O@16QC;3.+\-PZR]+J64I M?X9^0\D5YOTO8^5/HSU7R\P:I>I:X45="5IP_S^!/GJ9M3[T?/T<(C&*!ET MODDGUU))_^\HJN^5""/I' VEGOY?=TS7DW,(,>,Z9U/M@<)FN@D>3$WH WP\ MR^N&[5#"C9WE<3-5^FD^F\^5TPN!N^?0PF]RNH'!W^W ['T\9 B4(E%P+ M2A$H1:#TPZ#E"BZ/TSD"]1"H=RVHCT!]!.I?"QH@T "!!M>";A#H!H%N3D'+ M:NUD+KF5PC&S8;X0[%ELI?.6:X\X7Q#GRRGGKG)2"^?8V)1KJ8_=^8IJ?R5J M*N?V,B84'+I3?;Z.PQ7Y&&F(%.ZD[%B&6/"QCG2\M>N*H$>Q3< M55:$--*:0>Q>3,AW;ZR06PW"0?2J=NBP;S$A',Q>*7W=9)VZQI!-(?T*G1TY M@-6+"?>>PZH&X5AP"ZEO!=J[D.=AF<,I"PN8$ )2_K-/"Z-DZ,]GC,)2)H24 MYQS9XS"JE4D)12^H$F@8A$P)=S3FNEP!(GA,3TM,/Z MJ8XF'=N<$#:C!$+6QRHGA,HGF82D8*D30NJ+\5IQC,):)X369^/5= NOHMCM ME'#[^#>EAI9BJU/*ZDM!3Q.,PE:GA-5TT"?"'N^811TS *:YP2&E\4<(+7EQ2[G!(N4^L+/3ZL M6M;*OX=6<.' M?8C#Q\9;?:V4V4!%CF;?N6Y9)VO>!8)=]N$!/Q]Q9B16\;MF@USFO4&Q]^L.D,J0E8\D;:SZ"\2<7;AR4,6OHQ7NO.7H?Q21)/ M-MA )@.9#<2^"32";)K?J*)%+O@0B/'=]M1\A?B9Z!=1FDU[;OM,)RKU[KV( M+^PQ;$] >V+MR<*>.,?S M%2D,2$% ZMDS!S J,JOH1@6.H@2&9" D\R ;!^(KMC!@ P(VGGWG 'P%CF#" M%B1L?3]V$(!D!;$#$3O?3QP$(%DI)]/*4+M$?@2WHB#-2DWAE:;$?@2WK";- MLJY(EB5IME)9&&S/ R8^RBVN2?,%%2T2^LJ!^QC'/F?KP9H5G[1,-SSV&]ZXE8:I%DK-;CIL=_3Q"LU0..6&EJ,@I:)JYUX,BCY MK;,#=K$[3]4#L:/D4U[D/;VR7U1&PO=V]R:W-H965T&UL?9A-CYM($(;_"O(]H:OZ M QAY+*V]6NT>(D4Y)&?&;H]1^/ ",\[^^P!FO+BJVA<;\%O-T]WPT'A]:=J? MWJBIO_]OZLKD\KV#U<>!;\7KJQP/Q M9AW?Z@Y%Y>NN:.JH]6/XM"?!EJU MB@[^F+^5_;?F\K>?^V#'!O=-V4V?T?ZMZYOJHV055?FOZW=13]^7ZR^IFLOD M IP+\%8 YF&!G@LT*8BO9%.__LS[?+-NFTO47B?CG(]S#D]Z&+G]>' :J.FW MH6?=G%-9),D7J*6&,UZ8<0LHO0'8D120PG 4)RC;C%2;1RAI#P$#KE9!(K MDEA.@H3$$9-(G,D8@<"><@P[Y-V#D M;9(1$B$%F469)1594G;%:RO79V)]QOM"[]N,43HZ[KO'F3N.T8:20!0G2:A! M%)_>S#@J$2FE QZ!@,Z TZ24!OCTN531219CX=&1Q0;(>3+*@_S"!IVFE$>* MH3(!'EF4P$UIJ"GGS/)$GR"UB:) 8D[I@+E!%B9P8QIJ3!!LF (;($&LX )W M% M45OD>LP491%"B0O=HHL' M*:62P#(&97DBEZ>E\I0R0%D>9NY)9&FB89=_:/F!LNB0BXZNAK?('<96_H\S M]R2RYI!KSE*UH&"P#)CH K'0+,NJ0ZXZ:RD/=]@G,,LEX PDYM(D\-!&67:8 MFKYO MJNF]_M@TO1^:5)^'._7D\\-MI_3'?MQ,ANWV^M_&=:=OSA]_U=S^+]K\!E!+ M P04 " I=FY)FH$J,1D" "S!@ & 'AL+W=O>(.Q\-X[TO.=WP@Q; '@=8,[Q#=TP+V<.5/6 M(2&[[ +XP# Z:5-'0 AA"CK4]GY5ZK$75I7T*DC;XQ?F\6O7(?9[CPD==W[@ MWP=>VTLCU "H2C#[3FV'>][2WF/XO/.?@NVA4 HM^-'BD2_:GF(_4OJF.M]. M.Q\J!$QP+50$)!\W?,"$J$ R\:\IYM^4RKALWZ-_T=5*^B/B^$#)S_8D&@D+ M?>^$S^A*Q"L=O^*IA$0%K"GA^M^KKUS0[F[QO0Z]FV?;Z^=H9G(XV=R&<#*$ MLR&(_VF()D-D&8 ATW4](X&JDM'18V8O!J2V/-A&R,)%Y(P>Y0<'))\E@ ),%.$3HI0^Z,E1>#V1TY_I/WQTA]:51A) MIB6]ED2)585#$KLI8B=%O*HB"=W^Q.E/UE5$5A5&DB\0X08&5AV?B!Y(4B=) MNB:)+1(C21=) FA^%LU_"!^(,B=1MB:RMF^?K1*%69S (K> /M<]\.1.GGS- MDUH\^3I/FL:)O9('IRZ)/WKW"B=/L>:Q/M)]L]C(V^0N4/P6:AF)MO,'*JF(^APOR+F M>ZKZ U!+ P04 " I=FY)YIF!?KT# "2$0 & 'AL+W=ORS.J?:UV8V_,,9N\#7_+3N>T&_-72O\<=\E)736XJK];'Y]D+ M+':B1WKB_US?FLFUUVW^U9AOW9=_#\^SH-N#+O2^[:;([,>;WNBBZ&:R*W\? M)_U8LPN<7K_/_JF7:[?_FC5Z8XJO^:$]V]T&,^^@C]FU:+^8VS]ZU*"Z"?>F M:/K_WO[:M*9\#YEY9?9C^,RK_O,V_)($8Q@?(,8 <0^XK\,'R#% ?@2$OPT( MQX#P;U=08X!"*_B#]CYSVZS-5LO:W+QZ*/_;T)PFU@+$B[BQQ4V%(D#M(D_S[+[ M[2P/&Y5LMF0?+Z?Q#J$A&Q_V\>$T7J!L#TC<(U6/*!"H)!L*A7$:H7Q0"!2 M0BGAJ,BE2K&J%,V*Y.,C-CZB60E15@8DFNQ22B515AA(!+A5*03VT$34CJ/" M-.95Q:RJF*I"N5_'=)4DP*H8* X!J:*0$H!ND!T#)4+PFA)64T(UH:Y;)V21 M.6E?A@&%2K[EH A!.P:*PH27E+*24MJ\CC)WAL.=H %-"CE" [I/?,)Q#.![ MFH,$KC,+*8)<$:I/X-EF/3#*M]%, .#64FELL#A[^ ML'$ZHB1.%HNYS!-X]P1JGPFV3Z".)J)(09)BN1RH1(SOQZUC1JD$ULB!4L6I MJZ*\H0)U5->A)GA'%=1124^,S!]Z@J'^HB<<4;@G>,S5$X(W6D&-EO2$H-;7 M53"11"X'%/'CA+79_Z1_W&VYMKU7;-,!F]OTYX$=T#*QI? MPV(#S/@6%KOA9<'']*OE)3OI_[+ZE%>-]VI:^YCC6FUW7_P9 ^YL\X. M]R^%/K;=96ROZ^&5P?"E-9?W-R#WUS"K7U!+ P04 " I=FY)H9*62EX" M 1" & 'AL+W=O?=$@!65JB![)%TJ!5OCH0VD(LM/0'6400/BM1@$'A> AI8 MMVZ1*]L++7)RYKANT0MUV+EI(/VS1ICT*]=WKX;7^E1Q:0!%#B;>H6Y0RVK2 M.A0=5^Z3O]QE$J$ OVO4L]G:D;GO"7F7FY^'E>O)%!!&)9<>H'A$9\U?2_T"CA%@Z+ EF MZM)-Y(\U."$9",!&F.'9".!+"&R'ZEA"-A.A_ M(\0C(=8B@$&[JMP6I/<1-B8D];0D_NUE]ZV7NT1# M:[5"Q0_GU5K8^9&5'RE^-.>'6K4'2*H@K8*$@58+$_+@+V*M&A90JIWLSH*) MT\@N*+8*BHV"++XH:&+E)T9!%KY6D &2S)),M'J8B(=(JX8)T;IG9W$2VY6D M5B6IJ40[MW5JA BU$]F8$$.*"=&E6)Q\(26S2LE,*7J79F:7ZE),B.A2_>*P M@(PNM6#B5/_LP.S":Q ]J5'#G)*<6RX;=&:=IME3("],S;[VEQO?8M^*Z3<, MJYO[(N_@"?V"]%2WS-D3+JYI=9D>">%(Y.X]B@^D$O-YVF!TY'*9BC4=1M:P MX:2[#N#I7T#Q%U!+ P04 " I=FY)IIP*L^H" "H# & 'AL+W=O M/5:WUF3%CO15[62_LLQ.7) M<>K]F16T?N075LHW1UX55,AJ=7+J2\7H08F*W/%<-W0*FI7V:J':GJO5@E]% MGI7LN;+J:U'0ZE_"_W9!/_IL MA,/R/7JJABO3?Z$U6_/\3W809YFM:UL'=J377/SBM^^L&T/0!-SSO%:_UOY: M"U[<);95T/?VF97J>6O?1&XG@P5>)_!Z@>?-"OQ.X/<"/YP5X$Z /WJ(9P5! M)P@^!'A6$':"L!?@:%9 .@'I!4BYY+3NJKG94$%7BXK?K*I=4!?:K%OT1.3L M[YM&-=GJG9R=6K:^K6*\<-Z:.!V2M(@W1((QL@:0<(QL (2,D2V 1&,D!9!X MC.RF"'+=GG&D&[TE'FB)IP+@40"D>=(R1#&E8CQM-&L B9&KVS*E'A".B#8' M6P +B*>9,X6PJYDS19!/!JF/[/%!>WS 'BV3I&7"X=C#,,"^-JR=F1LEA,&$ M,)"0KR6$)^/6G%GC22H:L9D2#T1;GUMCE-1([*:Y#OL9&1* A@2 (?J?.C"E ML382&R.Q-1*ID=C-$2,S0M",$#!#V[Z2T+@Z0J,91F([)1ZT64F-07:S049V M$- . MBA[4D)F?81D4],C\!>(J 7;7],(J/ID=&PS13173<2J9'8S28RLB,& M[8@!.[2=(XF_NLR;FQ5TD+M )]K9F'30[+D%,?%DB]\ F#RYXD#CMA 7$&W) MI0 U.;L !ODA1I_8],E]!TUM0JYN$X+.)1R$^OGU!;!-RAGYX9_G9T%=R=A1-D&PO=V]R:W-H965T&ULA9A?;YLP%,6_"LI["[[F3XC22 W3M#U,JO:P/=/$25 !9T": M[ML/#$WI];'V$L Y]_I<@W_8K*^Z>6E/2G7>6U76[^WNY.J\O9> MGU7=_W/0395W_65S]-MSH_*]":I*GX(@]JN\J!>;M6E[:C9K?>G*HE9/C==> MJBIO_FY5J:\/"[%X;_A9'$_=T.!OUOXM;E]4JFX+77N-.CPL'L4JDT9B%+\* M=6UGY]Y@_EGKE^'B^_YA$0P>5*EVW9 B[P^O*E-E.63J>_XS)?WHT_YZW*=/F[V'>GWFVP\/;JD%_*[J>^?E-3#=&0<*?+UOQZNTO;Z>H] M9.%5^=MX+&ISO([_+(,I# ?0%$"W@%L_.$!. ?(C(#25CLY,75_R+M^L&WWU MFO%FG//AGHN5[$=N-S2:@3+_]96U?>OK1@BQ]E^'1)-F.VIHKKDI_#[[K0M" M76S)"J?D$-I;@UK):MTNKCSLV9)DMH<#A(X4^4C <,?.16IWPT; 5H>/I M&.B%)GP ?/#QF$2?!D0([@6I8LA0$)E[J M2($I)*1=# 6\& F*L1YZH!)!'#GL8*8) #6RV!Z".\U5&5"%Y,":P%P3$7!# MW$UDNY$Q-V.+0@?L!4:D (PDCGMA S!<6H^=+;I+G', UUE0.7R@GE'@'?$>4D(111P!UDJ..P(HOBJP)@-:%J>,]0)AU!-:&DB]1R5[Y M1:%M!ZC2T+5/PMRD%$P!QRR2F'42L(ZO[+?2IAA? 69 X]J18=))0#K)23>) MYOLEKLF 1O!Q]6?;W4HU1_,9H/5V^E)WP[YRUGK[U/!(PW:9M6_%*AL_&'RD MV:S/^5']R)MC4;?>L^[ZS;C9,A^T[E1O,;CO9^E)Y?O;1:D.W7":].?-^-E@ MO.CT^?TKR.U3S.8?4$L#!!0 ( "EV;DEP_[BRH0$ +(# 8 >&PO M=V]R:W-H965T&UL?5/!;MP@$/T5Q <$+^LD[OI(%G2]R@ MM;#O)U X'NF.7@,OLNU\#+"R8 NNEAJ,DVB(A>9('W:'4QXS4L(O":-;V21J M/R.^1N='?:19E **A\91-@N\ A*1:)0^,_,^5DR M?VE?U[ZC:H/PL'CZA^ MR]IW06Q&20V-&)1_P?$)YA9N(V&%RJ655(/SJ*\02K1XFW9ITCY.)SF?8=L M/@/X OB2)>%3H23SF_"B+"R.Q$Y7VXLXP=V!AXNH8C#UGBEW*W_UJP M2R2:"_+\] M;N3D?W?)5I>JP;;I[3A2X6#22UU%E^?YD*;(/M/+HA&PO=V]R:W-H965T&UL?5/! M;MP@$/T5Q <$+W:::N6UE$U5M8=*40[MF;7'-@HP+N!U^O<%['7YP !-.6K1:^.#:CKG!@F@22"O& ML^P#TT(:6I4I]FRK$D>OI(%G2]RHM;"_SJ!P.M$#O05>9-?[&&!5R59<(S48 M)]$0"^V)/AZ.YR)FI(3O$B:WL4G4?D%\C<[7YD2S* $4U#XRB+!=X0F4BD2A M\,^%\[UD!&[M&_OGU&U0?Q$.GE#]D(WO@]B,D@9:,2K_@M,76%JXCX0U*I=6 M4H_.H[Y!*-'B;=ZE2?LTG^1\@>T#^ +@*^!CEH3/A9+,3\*+JK0X$3M?[2#B M! ]''BZBCL'4=SH+0EV(7JM#P4MVC41+SGG.X=N<-8,%]K4$WRMQYO_ ^<,^ M/M^5F"=\_H?$?)^@V"4H$D'QWQ[W3ZF M*;+W]*H<1 ??A.VD<>2"/HPV#:!%]!"D9'?WE/3A ZV.@M9'\R'8=GY3L^-Q MN/V0]9M6OP%02P,$% @ *79N2<8$8EV@ 0 L@, !D !X;"]W;W)K M&UL?5/!;MP@$/T5Q <$K^U-JI774C95E1PJ13FT M9]8>VRC N(#7Z=\7L-=Q$JL7F!GFO7G#0#&B>;4=@"-O2FI[I)US_8$Q6W6@ MN+W!'K0_:= H[KQK6F9[ [R.("59FB2W3'&A:5G$V+,I"QR<%!J>#;MS\ M/8'$\4AW]!IX$6WG0H"5!5MPM5"@K4!-##1'>K\[G/*0$1-^"1CMRB9!^QGQ M-3A/]9$F00)(J%Q@X'Z[P -(&8A\X3\SYWO) %S;5_8?L5NO_LPM/*#\+6K7 M>;$))34T?)#N!<='F%O8!\(*I8TKJ0;K4%TAE"C^-NU"QWV<3K)LAFT#TAF0 M+H!O210^%8HROW/'R\+@2,QTM3T/$]P=4G\150C&ON.9%VI]]%+N\GW!+H%H MSCE-.>DZ9\E@GGTID6Z5.*5?X.G=-C[;E)A%?/9!XNTV0;Y)D$>"_+\];N5\ M5LE6EZK M/'M6%+AH.-+7467YWF?QJ&\IY=%SUOXR4TKM"5G='ZT<0 -H@,O M);G94]+Y#[0X$AH7S#MOF^E-38[#_OI#EF]:_@-02P,$% @ *79N2>H_ M;-JB 0 L@, !D !X;"]W;W)K&UL?5/!;MP@ M$/T5Q <$+^MMTI774C95U1XJ13FT9]8>VRC N(#7Z=\7L-=Q6ZL7F!GFO7G# M0#&B?74=@"=O6AEWHIWW_9$Q5W6@A;O#'DPX:=!JX8-K6^9Z"Z).(*T8S[(/ M3 MI:%FDV+,M"QR\D@:>+7&#UL+^.H/"\41W]!9XD6WG8X"5!5MPM=1@G$1# M+#0G^K@[GO.8D1*^2QC=RB91^P7Q-3I?ZQ/-H@104/G((,)VA2=0*A*%PC]G MSO>2$;BV;^R?4[=!_44X>$+U0]:^"V(S2FIHQ*#\"XY?8&[A$ DK5"ZMI!J< M1WV#4*+%V[1+D_9Q.N'[&;8-X#. +X"'+ F?"B69GX0796%Q)':ZVE[$">Z. M/%Q$%8.I[W06A+H0O9:[_*%@UT@TYYRG'+[.63)88%]*\*T29_X/G-]OX_>; M$O<)O_]#XL=M@GR3($\$^7][W,@Y9'\58:M+U6#;]'8E.3X[&_ M_9#EFY:_ 5!+ P04 " I=FY)!DR:8J ! "R P &0 'AL+W=OPUW%:JQ>8&>:]><- ,:)]<1V )Z]:&7>BG??]D3%7=:"% MN\,>3#AIT&KA@VM;YGH+HDX@K1C/L@],"VEH6:38DRT+'+R2!IXL<8/6POX^ M@\+Q1'-Z"SS+MO,QP,J"+;A::C!.HB$6FA-]R(_G?)UVJ5)^SB=\$\S;!O 9P!? M !^S)'PJE&1^%EZ4A<61V.EJ>Q$GF!]YN(@J!E/?Z2P(=2%Z+?-#7K!K))IS MSE,.7^3[P-)2W]++H10O?A6VE<>2"/HPV#:!!]!"D M9'<'2KKP@19'0>.C>1]L.[VIR?'8WW[(\DW+/U!+ P04 " I=FY)%0?) MFZ ! "R P &0 'AL+W=OPUW%:JQ>8&>:]><- M,:)]=1V )V]:&7>BG??]D3%7=:"%N\,>3#AIT&KA@VM;YGH+HDX@K1C/LGNF MA32T+%+LV98%#EY) \^6N$%K87^?0>%XHCMZ"[S(MO,QP,J"+;A::C!.HB$6 MFA-]W!W/>\D(7-LW]B^IVZ#^(AP\H?HI:]\%L1DE-31B4/X%QZ\PMW"(A!4JEU92#)MVJ5)^SB=\&R&;0/X#. +X%,"L*E0DOE9>%$6%D=BIZOM19S@[LC# M150QF/I.9T&H"]%KN3OD!;M&HCGG/.7P=]S*N?^K"%M=J@;;IK?C2(6#22]U%5V>YR-/0WE/ M+XM>M/!=V%8:1R[HPVC3 !I$#T%*=G>@I L?:'$4-#Z:#\&VTYN:'(_][8X+C[]P/LN.YF[07NCON^^XZ#?$#[ZEH 3]ZT,NY$6^^[(V.N;$$+=X<= MF'!2H]7"!]9?=,"VEHD:?8LRUR[+V2!IXM<;W6POX^@\+A M1#?T%GB13>MC@!4YFW&5U&"<1$,LU"?ZN#F>=S$C)?R0,+B%3:+V"^)K=+Y5 M)YI%":"@])%!A.T*3Z!4) J%?TV<[R4C<&G?V+^D;H/ZBW#PA.JGK'P;Q&:4 M5%"+7OD7'+["U,(^$I:H7%I)V3N/^@:A1(NW<9K[42)#^L$NU6"72+8_;?'M9Q/?Q5A MBTO58)OT=APIL3?II2ZB\_-\Y&DH[^E%WHD&O@O;2./(!7T8;1I C>@A2,GN M]I2TX0/-CH+:1_,0;#N^J='QV-U^R/Q-BS]02P,$% @ *79N22DY"\VC M 0 L@, !D !X;"]W;W)K&UL=5/!;MP@$/T5 MQ <$+]XD[FS<,%"/: M%]/*JE7%'VGG?'QAS50=:N!OLP823!JT6/KBV9:ZW(.H$THKQ++MC6DA# MRR+%GFQ9X."5-/!DB1NT%O;/"12.1[JCU\"S;#L? ZPLV(*KI0;C)!IBH3G2 MA]WAM(\9*>&GA-&M;!*UGQ%?HO.]/M(L2@ %E8\,(FP7> 2E(E$H_'OF?"L9 M@6O[ROXU=1O4GX6#1U2_9.V[(#:CI(9&#,H_X_@-YA9N(V&%RJ655(/SJ*\0 M2K1XG79ITCY.)_GG&;8-X#. +X!/61(^%4HROP@ORL+B2.QTM;V($]P=>+B( M*@93W^DL"'4A>BEW=UG!+I%HSCE-.7R=LV2PP+Z4X%LE3OP?.+_?QN>;$O.$ MS]])_(^ _2;!/A'LWQ'P#SUNY>0?BK#5I6JP;7H[CE0XF/125]'E>3[P-)2W M]++H10L_A&VE<>2,/HPV#:!!]!"D9#>WE'3A RV.@L9'\S[8=GI3D^.QO_Z0 MY9N6?P%02P,$% @ *79N21J7;?.C 0 L , !D !X;"]W;W)K&UL?5/!;MP@$/T5Y \(-NO=5"NOI6RJJ#U4BG)HSZP] MME& <0"OT[\O8*]C)58OP SSWKP9AF)$\VH[ $?>E=3VE'3.]4=*;=6!XO8. M>]#^ID&CN/.F::GM#? Z@I2D+$T/5'&AD[*(OF=3%C@X*30\&V('I;CY>P:) MXRG)DIOC1;2="PY:%G3!U4*!M@(U,=",Y#1 SX+6"TJS,)VB^(K\'X M69^2-$@ "94+#-QO5W@$*0.13_PV; M)J2&A@_2O>#X ^82]H&P0FGC2JK!.E0W2$(4?Y]VH>,^3C<[-L.V 6P&L 7P M+8W"IT11YG?N>%D8'(F96MOS\(+9D?E&5,$9ZXYW7JCUWFNY9P6]!IXYY#R% ML%5(MD103[YD8%L9SNP+G-UOXW>;"G<1OUNG/^3;!/DF01X)\O^5^#4D.^P_ MY:"KEBHP;9P<2RH<=)S3E7<9SH?XAO0CO"QZWL(O;EJA+;F@\P\;V]\@.O!2 MTKM]0CK_?19#0N/"\=Z?S311D^&PO_V/Y9.6_P!02P,$% @ *79N28(O MXGN@ 0 L@, !D !X;"]W;W)K&UL?5/!;MP@ M$/T5Q <$+[O91"NOI6RBJCU4BG)HSZP]ME& <0"OT[\OX+7CM&XO,#/,>_.& M@7Q ^^I: $_>M3+N2%OONP-CKFQ!"W>#'9AP4J/5P@?7-LQU%D250%HQGF5[ MIH4TM,A3[-D6.?9>20//EKA>:V%_G4#A<*0;.@5>9-/Z&&!%SF9<)348)]$0 M"_61/FP.IUW,2 D_) QN89.H_8SX&IUOU9%F40(H*'UD$&&[P",H%8E"X;)_R#8K1+L$L'NOSVNY=S_480M+E6#;=+;<:3$WJ27NHC.S_.!IZ%\ MI!=Y)QKX+FPCC2-G]&&T:0 UHH<@);NYI:0-'VAV%-0^FG?!MN.;&AV/W?1# MYF]:_ 902P,$% @ *79N2:?8_YBB 0 L@, !D !X;"]W;W)K&UL?5/!;MP@$/T5Q <$+[O)IBNOI6RJ*CE4BG)(SZP] MME& <0&OT[\/8*]CM58O,#/,>_.&@7Q ^^Y: $\^M#+N2%OONP-CKFQ!"W># M'9AP4J/5P@?7-LQU%D250%HQGF5W3 MI:)&GV(LM+'&]UL+^.8'" MX4@W]!IXE4WK8X 5.9MQE=1@G$1#+-1'^K YG'8Q(R6\21CTX4F)OTDM=1.?G^<#34+[2B[P3#?P4MI'&D3/Z,-HT@!K10Y"2 MW=Q2TH8/-#L*:A_-?;#M^*9&QV-W_2'S-RT^ 5!+ P04 " I=FY)92)K M:Z ! "R P &0 'AL+W=OPUW$;*Q>8&>:]><- M/J)YM2V (^]:=?9(6^?Z V.V;$$+>X,]=/ZD1J.%\ZYIF.T-B"J"M&(\2;XQ M+61'BSS&GDV1X^"4[.#9$#MH+&7A-&N;!*TGQ%?@_.C.M(D2 %I0L,PF\7N >E I$O_#9S M?I0,P+5]97^,W7KU9V'A'M5O6;G6BTTHJ: 6@W(O.#[!W,)M("Q1V;B2A_*1 M7N2]:."G,(WL+#FC\Z.- Z@1'7@IR9?=,"VEHD:?8BRUR[+V2!EXL<;W6POXZ@\+A M1#?T%GB53>MC@!4YFW&5U&"<1$,LU"?ZN#F>=S$C)?R0,+B%3:+V"^);=+Y5 M)YI%":"@])%!A.T*3Z!4) J%WR?.SY(1N+1O[%]2MT']13AX0O535KX-8C-* M*JA%K_PK#E]A:F$?"4M4+JVD[)U'?8-0HL7'N$N3]F$\V3Y,L'4 GP!\!CQD M2?A8*,E\%EX4N<6!V/%J.Q$GN#GRI%WHH'OPC;2.')!'T:;!E C>@A2LKL] M)6WX0+.CH/;1/ 3;CF]J=#QVMQ\R?]/B-U!+ P04 " I=FY),$KB(:0! M "R P &0 'AL+W=O['2W*Z^E;**J/52*5=2VU/2.=+.NZ:EMC? ZPA2DK(T_4(5%SHI MBQA[-F6!@Y-"P[,A=E"*FS]GD#B>DEUR"[R(MG,A0,N"+KA:*-!6H"8&FE/R ML#N>\Y 1$WX)&.W*)D'[!?$U.#_J4Y(&"2"A.:%6A^]EKO]H:#70#3GG*<='&P?0(#KP4M*[^X1T_@,MCH3&!7/O;3.]J&UL;5/;;N,@$/T5Q <4FR1-%#F6FJZJ[L-*51_:9V*/ M+RHP7L!Q]^\7L.-ZNWZ!F6'.F3,,9 .:#]L ./*II+8GVCC7'1FS10-*V#OL M0/N3"HT2SKNF9K8S(,H(4I+Q)+EG2K2:YEF,O9@\P][)5L.+(;972I@_9Y X MG&A*;X'7MFY<"+ \8S.N;!5HVZ(F!JH3?4B/YVW(B EO+0QV89.@_8+X$9R? MY8DF00)(*%Q@$'Z[PB-(&8A\X=\3YU?) %S:-_:GV*U7?Q$6'E&^MZ5KO-B$ MDA(JT4OWBL,S3"WL F&!TL:5%+UUJ&X02I3X'/=6QWT83S;W$VP=P"< GP&' M) H?"T69/X03>69P(&:\VDZ$":9'[B^B",'8=SSS0JV/7O/TD&;L&HBFG/.8 MPY&PO=V]R:W-H965T-0VSO0%119!6C"?) M'=-"=K3(8^S9%#D.3LD.G@VQ@];"_#Z!PO%(=_0:>)%-ZT* %3E;<)74T%F) M'3%0'^G#[G#*0D9,^"EAM"N;!.UGQ-?@?*^.- D20$'I H/PVP4>0:E Y N_ MS9P?)0-P;5_9GV*W7OU96'A$]4M6KO5B$THJJ,6@W N.WV!NX380EJAL7$DY M6(?Z"J%$B_=IEUWV">>]M,[VI MR7'87W_(\DV+/U!+ P04 " I=FY)YT/@/J0! "R P &0 'AL+W=O MC2OM@%PY%U);8^T<:X],&:+ M!A2W-]B"]B<5&L6==TW-;&N EQ&D)$N39,<4%YKF68P]FCS#SDFAX=$0VRG% MS;\32.R/=$7'P).H&Q<"+,_8A"N% FT%:F*@.M*[U>&T"1DQX5E ;V:1(D@(3"!0;NMPO<@Y2!R!=^NW)^E S N3VR_XK=>O5G;N$>Y8LH M7>/%)I244/%.NB?L?\.UA6T@+%#:N)*BLP[5"*%$\?=A%SKN_7"R'F'+@/0* M2"? /HG"AT)1Y@-W/,\,]L0,5]OR,,'5(?47481@[#N>>:'61R_Y:K_-V"40 M77-.0TXZSYDRF&>?2J1+)4[I-WAZNXQ?+TI<1_QZ7G[W \%FD6 3"3:?"'9? M>ES(V>^^%&&S2U5@ZOAV+"FPT_&ESJ+3\[Q+XU ^TO.LY37\Y:86VI(S.C_: M.( *T8&7DMQL*6G\!YH<"94+YJVWS?"F!L=A._Z0Z9OF_P%02P,$% @ M*79N21]AL1RC 0 L@, !D !X;"]W;W)K&UL M;5/!;N,@$/T5Q <4A[A--G(L-:VJ]K!2UD:+S:AI(1*],J]X? ,4PNW@;! M9>-*BMXZU%<()5I\CKMLXSZ,)RF?8.L /@'X#-@G4?A8*,I\%$[DF<&!F/%J M.Q$FN#EP?Q%%",:^XYD7:GWTDF_VNXQ= M&4?2[!UTJ<^']P MOEO';U?'MR)L<:D:3!W?CB4%]FU\ MJ8OH_#SOXQ395WJ>=:*&G\+4LK7DC,Z/-@Z@0G3@I20WMY0T_@/-CH+*!7/G M;3.^J=%QV%U_R/Q-\[]02P,$% @ *79N23B+SW2M 0 %P0 !D !X M;"]W;W)K&UL;53=;J0@%'X5X@,41:?=G3@FG39- M]V*3IA>[UXP>E90?"SBV;U_ T;JSW QP^/Z.P)23TF^F![#H0W!I#DEO[;#' MV-0]"&INU #2[;1*"VK=4G?8#!IH$TB"8Y*FMUA0)I.J#+47795JM)Q)>-'( MC$)0_7D$KJ9#DB5+X95UO?4%7)5XY35,@#1,2:2A/23WV?ZX\X@ ^,-@,ILY M\ME/2KWYQ:_FD*0^ G"HK5>@;CC# W#NA9SQ^T7SV](3M_-%_2ETZ]*?J($' MQ?^RQO8N;)J@!EHZXM! 2UHJ;\(OJT5@E%DJ"!/V81R;#.,T[MPLM M3B 7 ED)/](0?#8*,1^II56IU83T_&D'ZD\PVQ/W(6I?#'V'/1?4N.JYRGZF M)3Y[H0OF.&/(%K,BL%-?+4C,XDC^HY.[.#^/1LP#/]_:%WEON3SCE5BD++DIZX[+T[I6N"PZM]=,[-]?SQ9T75@W+,US_ M"ZHO4$L#!!0 ( "EV;DG;,86!I0$ +(# 9 >&PO=V]R:W-H965T MVC.QQS8J M>+R X_;O"]AQO5U?8&:8]^8- ]F YLTV (Z\:]7:(VVP-=M#Z MDPJ-%LZ[IF:V,R#*"-**\22Y95K(EN99C#V9/,/>*=G"DR&VUUJ8CQ,H'(YT M0Z^!9UDW+@18GK$95TH-K978$@/5D3YL#J/P"Z86=H&P0&7C2HK>.M17""5:O(^[;.,^C"=\.\'6 7P"\!EPGT3A M8Z$H\X=P(L\,#L2,5]N),,'-@?N+*$(P]AW/O%#KHY=\L]]E[!*(IIS3F,.7 M.7,&\^QS";Y6XL3_@_.[=?QV5>(VXK?+\NE^G2!=)4@C0?H/P?VW'E=R]K?? MBK#%I6HP=7P[EA38M_&E+J+S\WS@<2A?Z7G6B1K^"%/+UI(S.C_:.( *T8&7 MDMSL*&G\!YH=!94+YIVWS?BF1L=A=_TA\S?-/P%02P,$% @ *79N275( M2L>D 0 L@, !D !X;"]W;W)K&UL;5/!G6@6)8""TD<&$;8K/(-2D2@4_CUQ M?I2,P*5]8_^:N@WJ+\+!,ZI?LO)M$)M14D$M>N5?\\ MZAN$$BW>QUV:M _CR3V?8.L /@'X#'C(DO"Q4)+Y17A1Y!8'8L>K[42'S[UN);S^*D(6URJ!MNDM^-(B;U)+W41G9_G M4YHB^T@O\DXT\$/81AI'+NC#:-, :D0/04IVMZ>D#1]H=A34/IJ'8-OQ38V. MQ^[V0^9O6OP%4$L#!!0 ( "EV;DDKB#YFHP$ +(# 9 >&PO=V]R M:W-H965T*D4Y MM&?6'MLHP+B U^G?%[#7<5/W C/#O#=O&"A&M*^N _#D32OC3K3SOC\RYJH. MM'!WV(,))PU:+7QP;-['C)3P0\+H5C:)VB^( MK]'Y5I]H%B6 @LI'!A&V*SR!4I$H%/XU<[Z7C,"U?6/_DKH-ZB_"P1.JG[+V M71";45)#(P;E7W#\"G,+]Y&P0N722JK!>=0W""5:O$V[-&D?IY-#/L.V 7P& M\ 7P*4O"IT))YF?A15E8'(F=KK87<8+YD8>+J&(P]9W.@E 7HM';?QN4^(NX7?K\@__$;#?)-@G@OU?/>8? M>MS*X1^*L-6E:K!M>CN.5#B8]%)7T>5Y/O(TE/?TLNA%"]^%;:5QY((^C#8- MH$'T$*1D=_>4=.$#+8Z"QD?S$&P[O:G)\=C??LCR3&PO=V]R:W-H965T0/"%[L3:*5UU(V594<*D4YM&?6'MLHP+B U^G?!_#:<5/W C/# MO#=O&"A&-&^V W#D74EMCTGG7'^@U%8=*&YOL ?M3QHTBCOOFI;:W@"O(TA) MRM+TEBHN=%(6,?9BR@(')X6&%T/LH!0W?TX@<3PFNV0.O(JV.S38E9Q&?K\K?_(<@W"?)(D/_58_ZEQZV<_9P@]N6J$M.:/SHXT#:! =>"GIS3XAG?] BR.A<<&\\[:9 MWM3D..SG'[)\T_(#4$L#!!0 ( "EV;DF%1[: I0$ +(# 9 >&PO M=V]R:W-H965T0/*(2D23=R+#6M5KN' ME:H>=L_$'MNHP'@!Q]V_7\".:[6^P,PP[\T;!O(![9MK 3QYU\JX4]9ZWQTI M=64+6K@[[,"$DQJM%CZXMJ&NLR"J!-**^HVJ+\(!T^H M_LC*MT$LRT@%M>B5?\7A!TPMW$?"$I5+*RE[YU'?(!G1XGW<_@B9S-GT, ^E^!K)<[\"YP?UO';58G;A-\NRQ_8.L%NE6"7"'9+ M@OVW3SU^S>'LLTJZN%0-MDEOQY$2>Y->ZB(Z/\]'GH;RD5[DG6C@E["--(Y< MT(?1I@'4B!Z"%'9WGY$V?*#945#[:!Z";<N]L/F;]I\1]02P,$% M @ *79N26LH2)B7 @ !0P !D !X;"]W;W)K&ULE59=;^(P$/PK47Y $V\@0!4B04^GNX>3JC[XB35F]X)8:+WIF[U/-X9LW],$KW:B8;K![D7K7VRD:KA MQB[5-M%[)?C:!S5U0FF:)PVOVK@L_-ZS*@MY,'75BF<5Z4/3>2*?Y7RS2U^ MKN=QZFH0M5@91\'M?HBSAK$C7,E:^]]H==!&-I>0.&KX>S=6K1]/W9,\.X?A M #H'4!] (U]XE\B7^8T;7A9*GB+5O=L]=Y^0/9)]$2NWZ77[9[90;7>/):73 M(CDZHC-FV6'H"L-Z1&+9^Q2$4BSI2SBE,TR0P1HS3Y!=$[ 4$XP@P<@3C#X1 ML!N1'2;WF+;#X!1CF&(,4@0(KH51K;+/J6 M;B.E$;:6],&>LYWMR?M%+3;&32=VKKHNM5L8N;\TW7WG7_X'4$L#!!0 ( M "EV;DFZ>F*;:@0 *P8 9 >&PO=V]R:W-H965T'1"!&ALSMA-F__WZ*QFL M?F68"]CFZ99>2=UMB?DY+WZ4>V.JR:\L/98/TWU5G>X]K]SL39:4=_G)'.M? M=GF1)55]6[QZY:DPR;8URE*/?#_PLN1PG"[F[;.OQ6*>OU7IX6B^%I/R+# M.9<7UY.F\R]Y_J.Y^7O[,/6;/IC4;*K&15)_O9LGDZ:-I[KEG[W3WVTVAI?7 M']Y7K=RZ^R]):9[R]-_#MMK7O?6GDZW9)6]I]2T_?S&]!MTXW.1IV7Y.-F]E ME6H/@MX$>-0A[@]!JP>M&MYV;YZ1*%O,B/T^*;D&=DF;=BONPGOU-\["=[/:W M>G;*^NG[@DC-O??&4<\\=@P-&#UDG@ 3#I'GZ\B2(Z$_1%;7O:Q'O7CU<'R. M"<$QH=9>#O0&V(&$#F3K0 T189R<-D1H.[(P);#\[_D674)L)DB,.^<(U!TD#OMKCD" M%QVA@$#VFJ%N"5M S3BVNLG9VN&,'.)P012\(I*,;''Z)G&<@N)N<;9V.'.) MPU56@#(K'656X#HK4*%EPLL8#W M:0FP&:D0R 1@@ (9NJ ,44N? ;'48$>P?VV3CC/$MK../9EA/,L@3RKM-W;D&_- M1CJ+$QV!1*<"NZ6(M12-M(33#8%THT*[I9BU1$(YFY(X]B6(?67%_F,/738U M&QD_B0-1HD",[:8$5Q6[:Y+$ 2OYFS+;KC_VT/"=T=V2X^P$A*QVN< A*]'A MA.L !X>L!"%K'^$\21ZR8^L%1ZP,@%[A<($C5H9_H!>'H@2AJ,G6"VJ_]MV" M<2Q*$(O:D5 5CC'EWRY8X=A1(':TE9.?>VBP5^+ODJNK6-57E67L(N\OSRM0N_;MZ:>U-LOV\2)_4$L#!!0 ( "EV;DEF$Y4E^P$ /H% 9 >&PO=V]R:W-H M965T!%K<=&Z>F;Y7GF?L)FG3D5?NB%O;8O[W M1"@;CBYT'QUOS;66N@/D&9A]9=.23C2L#C'6F$$OQHRB$7=T>P7 MQMYUXT=Y=#V-0"@II$[ JKB3,Z%4!ZF)_TR9_Z?4QF7]D?[-K%;17[ @9T9_ M-Z6L%:SG.B6I\(W*-S9\)],20AU8,"K,UREN0K+V87&=%G^,9=.9YZW68Q%%\!DJ5L!!5:@P *4;(!&3;0"2N$>R*;SPZ= MH14HM "E&Z!P-U$*TSW/7I9XZ"E.9,6)]CC19IY3M)L'1:GEP"RZ,(B> L56 MH-@"!#= \>[/\),8[8'V.N1!"Q!87-,>7\E/S*]-)YP+D^K&FWM9,2:)RO1> MU*[7ZB&>&Y144E=C5>?CVS0V).L?+^W\W.?_ %!+ P04 " I=FY)_D52 MP6\" "X" &0 'AL+W=O&'.8*>-N\7K/0X-Q")^EZR3D[9CS!\X?S>=G\>-BXP'5K%<&0JJ7U>V M9U5EF+3RWX'T4],$3MLW]N\V76W_0"7;\^I/>52%=HMW$->IZ4?_+AO[[OHO"1K"X R!) Q8-2! _PAP/\,"&RF MO3.;US>J:)8*WCFB7XR6FC7':U_/7&X&[439;SHSJ4>O&8E(ZET-T8#9]1@R MP> 1X6GV48) $CNR""?QO<(>@"2PA ]FX=MX?^HP)#!! !($EB"XFP9_-@T0 M)H!%0E D7+@D40@31"!!9 DB2]#T! A',YL]*)Z \ HA!.O$H$X,Z%#G03422"=9*:S!#W168$Z*TAG-=-9@I[HF*L!.DT(4")H?IZ6J&=2#PXN M!K;C?"\,H#L_2?)8"CS 6TP64A@MDB(+J0C%:([;#[CI_@S\)]G#!Q[[0/;S M'3J II8"!#CZ"G9O"+Y < <[@=W&(:O!QP".*O+2ID!+\^\D7>H M&32RYHTCX+AQGX/U+K 0B_A50R=OVHX)O^?\W71^'#:N;S( A4(9":(?9]@! MI49).W\,HE=/0[QM7]2_V>7J^'LB8?8=A#0LC M6' J[;]3G*3B[$)Q'48^^V?=V&?7SRRB@883PH$0CH1@^9 0#83H2HCM2OMD M=ETO1)$\$[QS1'\8+3%G'JPCO7.%&;0;9>?TRJ0>/>=AXF?>V0@-F&V/"6\P MP8CPM/IH$6(6V_".'B93AQT"27&+"%U%9/G1Q.*+C#$J$%N!>"(0SK:AQR06 MTUA,Y-L?;K1 C1:(430SPC Q;K)$39:(P&)F@F&6N$F"FB2(P.Q#>U@X$H;4V53L%/C2WA-Z-CW7X.;>VYPO.L)27\)**L&^GLN=(5 MS-:9(^<*=!;_25_S2G]9Q@Z%HS+-1+=%7VO[CN+MY=,Q?K_ROU!+ P04 M" I=FY)1,28 $X" !"" &0 'AL+W=O@&LS:3NC^_=J&4$H& MJ2_8'I\Y9P9F,LDZ(=]5R9CV/FK>J)U?:MUN@T 5):NI6HF6->;F+&1-M3G* M2Z!:R>C).=4\( A%04VKQL\S9WN5>2:NFE<->Y6>NM8UE?\.C(MNYV/_;GBK M+J6VAB#/@M'O5-6L495H/,G..W^/MP<<68A#_*Y8IR9[SP9_%.+='GZ>=CZR M,3#."FTIJ%EN[(EQ;IF,\M^!]%/3.D[W=_9GEZX)_T@5>Q+\3W72I8D6^=Z) MG>F5ZS?1O; AAXTE+ 17[ND55Z5%?7?QO9I^]&O5N+7K;Q(TN,$.9' @HT,8 MN\![(1?F#ZIIGDG1>;)_MRVUGQ!OB7D1A36ZO-V="509ZRTG" M0R88/"("PSY*$$CB0![<21+"!"$88^@(PB\$:YA@#1*L'<'Z"\%FEB2$B6"1 M#2BR 0ABF" "":+OIQF#!#$003)+L\=$#M,,&(00+). ,@D@D\YD>DPRD0E7 M*2R2@B+IHTB*9B(09J$R;6="U8\ BH?RAT +!8P7N@P#%.NY#@3:+.B K;;' M!*"(YCH0:$D'[D@< A3Q7 <"+>G C8N!KDSG)0V"EG3@WL5 \Z;SFAY TZ)& MJV2AJC'46@S:=P\. NAF8D&K4S:I1GHXX&SL[;;V.QE/^+Z@Q;M M?6*/?QOR_U!+ P04 " I=FY)%EI0OYX" #R"0 &0 'AL+W=O=#=O28R5?^>DGZST0+;CFE3!79WT4DM=GBNO4 M]*N[EXVYG[HWB=_38 +N"7@@#// A* G!!=">),0]H3PT1E(3R#6#%[GW51N M227-LY:?G+9K]X'JKPK-B.K-6@=-*\P[53NAHI]YX*/,^]1"/6;18? 5)DK' MD.44&!4)0 M(#0"X4@@L.K=82*#:3H?44108A6]@' $Q['='%@O(-@J#H0+2)R&L$$"&B2 MP= R2"831:&53#'%V.V^BUC=0HRL1*"5"+!"+"L16-LDL/ZA L)!O8+UIKV" M<#=Z%8,&8\!@! LDH$ "_ XQ+)"" BF006*5.)U81:H/Q/JH"@"6I#ZV?JXE MI):FOEW?NVHCZC^LL>E<;6LW:G3E*"&?-CXW4Y;F*#L>59W-:L>(+-"L0$%_JXXW9 M0"_R>7:@._:;MKNR$&PO M=V]R:W-H965T9BQ'P^\[O !YH=N?B0YX94]Y7735RY9^5 MNBR#0!9G5E,YXQ?6Z#='+FJJ=%>< GD1C!ZLJ:X"'(9Q4-.R\?/,CKV)/.-7 M594->Q.>O-8U%?\VK.+WE8_\Q\![>3HK,Q#D6=#[#F7-&EGRQA/LN/+7:+E# MQ$BLXD_)[G+0]DSR>\X_3.?78>6')@=6L4*9$%0_;FS+JLI$TN3/+NB3:8S# M]B/Z#SM=G?Z>2K;EU=_RH,XZV]#W#NQ(KY5ZY_>?K)O#W 0L>"7M?Z^X2L7K MA\7W:OK5/LO&/N_MFS3L;+ !=P;<&U#\K8%T!O(T1-\:HLX0.8:@G8I=B!U5 M-,\$OWNBW;T+-1\)6D9ZJ0LS:%?6OM-+(?7H+2H_ $&*#1W:S&$H(FTB#@3(D-0(:SB",X0 0&B&R Z"4#["P5 MI"$P9 Y"YD" R(% FCD,B4%(# 2('4BKB:VFL9H)1 (B$@#A[/HF&2'P!",% M&2G <#Z;33IB3'PT"Q"Q ! +!]%JT@$BF4W,PQQ!4!&&8PP>56$K2H93F<), MU#H",,C%H/'&1Z'^<^H1T*'P1?>:$G@VK!$&4G*+JA,-46DX)TY9; %9LHBG M:AS!IP0B0$+$38B,MF*>Q&XZD @[R02#<[IFXF0O/.D5_-K8^W4PVE^J:VS/ M^:<\SR[TQ'Y3<2H;Z>VYTK>%/=./G"NF&ULE5;!CILP%/P5Q 2EV-BIE-7: M<<0A9045+[QBI7IRXG5!I9K69T=4-:-'4U3D#G;=P"EH5MI);-9>ZR3F%YEG M)7NM+7$I"EK_W;*<-QL;V;>%M^R<2KW@)+%SKSMF!2M%QDNK9J>-_06M=]C7 M$(/XE;%&/(PM+7[/^;N>_#AN;%=K8#D[2$U!U>W*=BS/-9-Z\Y^.]/\[=>'C M^,;^S6Q7R=]3P78\_YT=9:K4NK9U9"=ZR>4;;[ZS;@]&X8'GPERMPT5(7MQ* M;*N@'^T]*\V]:9^$;E<&%^"N -\+D#=;0+H",BAP6F5F7U^II$E<\\:JVX]1 M4?W-T9HHYPYZT1AEGJF=";5Z30CV8N>JB3K,ML7@!PQ>]2$[ !+>(8Y2<)>! M01G8U'L]&3Y,0$ "8@A(CR" "3R0P ,4#':Y;3$K@RD-QO<'1@"0"1D^*,,' M9$PX&8 $P7(C5B#!:H$1+29XV"4)HJ$58Y#GAA$L)02EA("4"8(()(B6FZ'# M#N7#76!'!PKF?@P(,R5E(JIH+(6X$Q1PS!!^PA X:(@L,80L^4$ U/0?@N#8 M(B"W!$U0P)%#_A.FP*%#P1)3@M%VW:$C;LF(7TA<#9Q4!V MB3=! ><->T_8 ><-0V?IT[Y.KM2X;GN_=B)Y=6ME[_UT\@]02P,$% @ M*79N2=[VSOEA @ (@@ !D !X;"]W;W)K&UL MC5;;;J,P$/T5Q <48ZZ)"%)#4G4?5JKZL/OL$">@ F9M)W3_?FU#"!BWFY=B M#^<R(M;L2;$Z$UXF)+SPYK M*49'1:HK!P(0.C4J&SM-5.R-I@FY\*IL\!NUV*6N$?V[Q17I-K9KWP+OY;G@ M,N"DB3/RCF6-&U:2QJ+XM+&?W?7>!1*B$+]*W+')VI+)'PCYD)L?QXT-9 ZX MPCF7$D@\KCC#5265Q,E_!M'[F9(X7=_47U2Y(OT#8C@CU>_RR N1+;"M(SZA M2\7?2?>*AQH"*9B3BJF_5GYAG-0WBFW5Z+-_EHUZ=OV; XT,P$.!#@2QG/, M!&\@>'>"_RW!'PC^HR<$ R'03G#ZVI5S.\11FE#26;2_[A;)K\I=!^)N">^8B%Y3SPL2YRJ%!LRVQ\ ))ES-(;LEQ!T1CDA@S *:LMC"!1U&\Q.R M)20"6A+_5]E_JS)+U#/:Y2F^-[,K- OX1@%?"?@S 2W);8^)%*;IS?1\S?', M *Q[L@2Y(,8:IX80&[P15&!L:C 4%1L%@B- N'CMD9&@>@!6WM,.*DS7/F: MJTN,'[B:J4L,A$ W=0ERH\D=SDJ*C27%AI*^$%@9!5:/FRI[J:DY@ =L'4#3 M[R<,M!:2F4!PT426(#?6O^F] 05]$&F%.9,&6&-Z5J.'63FY-%R:,HF.X^U9 M#0$MOG77F6N([^0X5 WW+I\F+3KCGXB>RX99!\)%VU;-]40(QR)Y\"1^*H48 MV..FPB&PO=V]R:W-H965TQ74>"#JG8\_8&XA,8(E)])^O7*0BM,K MQ?3,]O7=ZQPG@D^>F+Z M%STVOWQWB/3.E29I-\JNZ_,E3[Q]ES6G"O01M"3;K?5#]$2 M$*B5F>[U7$QW&POKVC=TL_C'=8$8=_+_A94L3YGW<.#H]V M?OXI"W_^*?_Y/ F*)8]SYL=S-H[S,']AE[$8,TSBG][E/__T#IN*YJ?L.HGS M109-YWQ>?SOAJRX[Z'ELT.L?90L_Y5F]R9KYV%]'LRQ/_2#_'_6>LO$]?PRQ M!0QQXR]YO=75QROV\?[V\QV[O#EK&.(,YD_]".:=\^_L%_Y2;W=6I"G">!%F M ;3[C?LI+IB=^[DUX?Y^?[!_T&^8ZBN/HOUOCZ;PQX?1U>CF;,PFG\;C MZ63_\\WH\_DEOMAGGR?GK+.[QW99&+/I(BDR0+:%E J;6K#S %[VZ>6PB3%& M6<;S[+WUVL\6Q-@!_L+_7H1/?@3M+0A&08"B*&,I#S@TFD7<8Q'/,@9$ECS[ M<0#$DCRPW8,AC;=[<.A!VVS%@SQ\XI%%=)?Q$\R3I"'//!;SG'5NDIRS\[UZ MP[N4K_QPSOAWD)X9S(+#)_D"*#N0B_-IOZLP]%&"%W"+C"Y2I-GOC2A<)K/UB$,0>Q@"VYFJ7>[&.: M %97&K"5!JRQRQ7LPWOF!T##1014.V=S#GHE")T:X0:071O>:Q__$J19_!C" MGDM4FSLVMG;LEC;':.G>&?>.7%V./EQ>74XOQQ,VNCEGD^GMV2^?;J_.Q_>3 M/['QKY\OI[\U$N?*?T'*=+Q/"\!* /(/:$CH+:)Z$'EAEL&?F:*OAL7($101 MMM/:5>C/PBC,0[LA"MDP)_H@",Y .0/U\#B QA*C5W6,HCGQ/EOY ?_S#NQK MQM,GOO,SLZ0$2NY%$LU!Y_R)R#BW%:40\ID0\KN];J\/6$L9L'W!01[U>UZO M1_^8, >87^0+8-/?^?Q?V< [/AQZO=,3]3)$S3BGE0R\HZ-#;WATJ-XEI>I@ M?@[:=)7SY0R0J029[-8^Y- [/&@:$B2?'+%!^HWF\Q W&_8&9<@^R-C 7X6P M5PX2,9CG(0Q"FVK!4LL*8%]"WGMVTO.& !H">GR*BU=0+G@T1W&>JPX :I" M5=B,!6LE[<+3A%:*0B#ME"^ .*$#3 Y_6Z0LB'03*A$M#3(F(#>BKRTU8.?. M1Y99\#P$RV!O8XTXFDQ@H(VT5*F@VIFA9(,.S#Q/HLA/0:0 KW4:]QY.IO#C>GPSG;#;"W9[-[X?32^A >[9 MUA;-P<9NB6W2_ /@-3LK]^,OXYO/8XNDSHAQT2R0HM^R"J[]N'B (8L4MX 8 M'0RA#.PHA]W^"!8 QX:P?^!ID""#P?WY,HS)2T*&MW206,S-1W9U.[$@%!KJ MDEB>=228>Q:8H,0Y[':N=)A3,XNQ0CF6;+G7HL3=DUMSWYS=7H]9!\'?8Q_& M%[?W8R8?3D?_9F-=#IC[WUD'+:H0=?0>F_$89+,%RLUXRBI36$::GX5!R8NAJ5R M+NRJQK9:1:V!PABRA58:9TDZT:F&-1I0 MW=IG,PDUFGQB%U>W7U]GN93*>'0VO?Q"GJK-*'\K,NGEY0E:HPDX>"!\8DD+ M^!1_I[ +*3ADW=D+0[?/>C)0;[?A=[ )O_ '9%SOJ.E*6U%*E#6PBSS,%LE(%NQBWO8#WY*@GFE MJ!+_LC9O ;"A'1R;6*#QR$:*2G?$PD@'F!Z)FN^!]R9^PW%\ES_@L&4:NH>U M&-6&W1(C_N$P;$2[CNJQ)UQ%?\Y+<&4B,PI%7& 7@0&:AHE.?S8H,C.,&.=D(?I$17=->96M O[B\ M 2^T'713<.85G\D%@IH=N R$5?OLG7-CQTMJ"38-P3;&:E$LSCAX%C$" '"O M*(B]57^.M-/4^LB M!\+;F23MFO=8G".6)>MZ3R%/RE1E2;%RD,3H\LZV&9'YE1VP$G" MI:2K)"7+!':V?SHX804892D-%_G/>FC,]!")70)[^+%/^Y+RR@AK>IYS>"S\ M!-"%O6.8'W:287Q&^*$$%WL.\P7+S-7Q^!'<$Q&A@@'G/ L?8_)(EQ5/%D%: M^NDWGDNR6H"#$[WL<^G$8C@TXD&>)C$X5SA?$A,Y$5. @@.E!R\CFN4A!8+C M<0 R!M84+N60.+4?DK]MC?V1W(?\]85,>+.(D2AY?UKP6U,;N4N!\C#/G\RX[/:6F MN[HZTV,X0*!^ZOW',W:[P@1C$8M(8>6M[#WAZ5,86'WOT(H!*4A;AOC7.UF% MX0JWA4U>,L!V'053 [="?7'<:D B4 G24/Z<@(X#S@I7(+W,K?&:\.NQYT4( M,T*GJ)C3>%SI1E2XL*4-F._LW$TO=_9H,19*.SO7^ 1%!;Y?MWHVR2%"!MSOUOX&-Y[*O_#3P^'LT! MT0"<'RQ ,N22K6\2ZDH4"82.B '4,1 &"&58D9M0ER!<^A4X06A)?& 8?/ <)2\9(J E ,F2 MP"B%/#@=8@)*T*%OF(G/0!?21N;">BAUI-ENR?-%0O:,;(V[CLY]R,J5(,HE MJJ5T(3LI0N578)I*)F:K"5FANY[#" 4825N3&O\$W(*18PX2'I8PXVA,IXF/ MJ!&..7:*0OA3:W%F:'&8)9*%,Z'4.S(%*7RU"I>;)SE M:QH( !TXX]1/>*N8QGI"OX4]UZ.HPB*EJ7C,7KB?9E4!!3(KY$\DI,-,K05H M-N8"86B8"..5UB;^!&E'+= $P2Q;6BSUJC0Z".DDF52E >!-NDL2"*'&<25D M? '?+ UI 0P:(7[PD79]01=A] /Z2?*15(?>RY)DR0.XX"(3E94NM8$]PQ?& MC)/D5FDGU3B-PB>YBF7LO6?:OZGRW2X#KF/HTM2F>Z^SVO+%X9!=A-]+,CX9 M,JL^@ WZA[J?*3XZT'O/-0T!<,J<@0)XUSF$;M.%@Y3B1H2 /XO(> 8:9W,P M34$%:,. +$HT[CEI0 H,HVB3&,H)F;03*,"0I'/1.&E.HJA= M N3/\2GQ$J@FT(4X4X;&O0@; 32&VE6<"?!S(71C)-]ZX+=FC8)>!=_B41!_ M25]DCVL:HT"/8T-0CCU2$TFF:.M@3:*27$3UM$A/IK>UPX#6,@B@8(%\"FU5$J%>]@%EX,A!I'C$'A^(4%/@48$1M@].%C*L8)T+J3]@ZBX M$]1 8AE-'" T%(U">P(N0OZLU9&]02H,!OK]P>1\X9W56+\N%W,,9#%J#T0, MJ%1611'[0$.YT#]DV_IFRNN5)"_J1GK]H2 A@1,_=XK&)""QCE3#_@*N+VZ( MC.%7Q2:210!3&YKJ(P$A%X00,Y!< M/MVBZ;T@=!"A0Z]_<@(__\__^M_&7_VA=S \T(_EGW8.%,4S_'=P"/\=8?O. M:8_1XZ'X3Z18X[)CB:M=1F5&YH\!C@ _#V@,^;Q#+_:82H6V#Z9:KQ]ODTT: M;K))P__T33KT3H]/]6ZHO\!H'_3+Q_)/UR9U!KTAH:!S*'#3&1P>BU^.U)MA M7SX8'L$OK?N&&#P1K0FGZK=3]=O@0#\;Z&?#]7OX^H&GPD"7 L,W\*D$F&]F M0%1L7/EITMC2.L=AI9)%88Q,DLAT+]18NB(59A:"1(68# A!_J\2;)2!- $7 M=$;!J4@H&0K=]8="9B*JA-0:P7FEW>$8B">CX@5.:"=-[*6T0&,7D3W->\\0T&_@ M52[S@6@(?B>+"1:_>W!"I:7*ZG-B%,RE]%&P*C?KI20.'?52)2<:9M"VIK*K M9DC%.S),?3B#-ZY&+:F&LRYS=Q$! AFTQR64YE$#>\B4$\8T2Z]A 6XSB!CP ME%=8-I]*[R5 YX1BY90.^/$TJO,]X=( S#3G<"-H\IQB X ?\+&)GW.A!AD> MY:!F(Q#? 0CD/A'*/7_$8@\<8[+_;UV*QZ1(SM$+N00OX-R1@:SE?Q0IX[L. MP$.2Y)C41G]-*@"0B[@&$8]2L0$7;LF1$0%$(#UAX"^U>T5EIA5UU"$'.U/) MDQ@!B=!/!!X1S*C;[FEGG#1F !R'MBCI'6&+KTQ:*3=9R=0NN]513>&VOM9E M]$C<(#H5'&&$G#VG8-<35YA5LY#&D\Y(Z3O)J1\*P F&;' ZA*U>YDP^29AI MTC'WR]27/I$B(.EO11R(4* BI?4\8>F;41QCJ$V>V#4P@6M6 MAKA)SI)8E'Y1FWNY^=#DMM3+&#\#QTZ)#1CB M5W"I8&.C%P>N?[6"Y<:)H)97VX;&SY%OR][F[TCIY.3.F?00P6<5;K.HXDU5 M.$.XPB(B@NTN+B]N6>0I8E0'/N8SUTB$L8$,56!+EQ[ET]54L5GKP3.*%"#V9 3WQ M+* \J=^0T70?3Q!6WL [.3X@A2Z.?'DH0/#X2.7P0M=".M6\A12O$9"6X8)Z MN-(!D W,O?_,T,)(0\PE@X/D'9P89.P6WZ@2<2%';;!U1 __7.SH]II_#PR/+9##BH.[#35:#;:EY MW&7V&';XU:<0EXQ(JM,GXK2>43Q9<91$,*JF$R3M4T.,;1GF!.5N M@A22(;LJE$HI95ZJC[1JT[MD3@0-DPC[%.%7N: GF2(HJB5NAMR)^GXN>@AS^GY9"#DQ,ITW89[(HEN,YN M/K"KQ+=+,N7S%H_FHLMTJTJZN;0H=7(_!0_C&<4+4 AU& %^A8LOBZG42/H% MUC^0S7*&1]1O?%E^_L&/OY&%(DH0P!&IO-_9DPK8&D_G[Z1UG?*G)'K"O5#Y M0& B,'6T.-,,MWO0[;$ET%YIS^'P]S0 3PE0HLD9;:JJ?D/N\JF*B%@%@S&8 MUX4U L>]/;G8#M?77ZXO6>KJ,BP<$&6)JV24)8/SRA^CL83T1#:&@R[ 5!$ M7&32RR.\WUN&>40UW!;-4-\-'_+Q?2ZQX/_T@1 M/K*<):AS'YV'(J:",(')BF$$UFA@6'#=9/Q"A M.E.1 >D,2O^.45D0A3+ :"(-L\T93.)*$B@Q;(,L2#8S#WRNP* 5..PLJ4H,D2P1@MUY6&&Z/1*13E0.+MU6#O$P=VMDN M<4PB6>8[T.!M6^\Q0+>)2\ M A;SL;+!%V%$PK@?!=)(%'4(7:%-A+XMAYR'*#)PQZ!MUTQYE#'!TJ-_EME. MH_1R840-3+CU8E6&U%'M(7VV13FI,8(FERA\T!0FD,THX& &-%P@2/DO\"LV M$%R6;_L/&$W1PIW$>5BC\L_="710M>._\S39#Y)BA9D#HCD1@S/,!AAL68/N1C![*:!,2%16\41%/ M+MDFPS:^L&3-L>R!#URL=M=2I?772LQ5B].\)J$R0'.@RHK\RAF@5HADAJZ4(1LGH2TZL"2OK M8[D*=,6!\ 83(HZ,UX08!0S]6'.^Q' %]X:$LT5STR:0573:PUI)"C/ND_8G MEB-+A&*?UGX,^L)8>2+SR*B%'H -80G\K>Z9.* M1N\,SV'-UW>?U\QZ8PA1J=$Z0ML>-*-YM]<].24+2K%Y15$[\IA$=:Z3=[(< MB32HX?G*"G:T0JNZ<5T]NS2!&E,Y@D6P%E9/&JR!O:#3.B@@FA8!3B>:&/(, MG2Y_G'%K;:U%@X/N0/KMELF%^?/*N6*\_$G<>[5%TQ;#"WMAZ^9Q/W59V]"F MH)>1D,S,J,NTOWEDW,KU;%Z^.CB"31_[:4RW&9507+RN$$<2#O[GDIE]:#@< MZCM3<-C^P:EWVAO(1U77WULCBBB]1#235^<9]D^]P6'?D-%5J4R4A4""42N" M7SIG/),U5 M"U!:!09"\<2AS,TJ"-2).!5D)JHCS1\71 W(5=8E2)0Q4)=P$+6:<)?1$RU3 M^'>9,Q<<;K0&ZP.LIR4N=7AH+M5#AX(8>=_',ICE'CY&3J9G4W$CJ",3'G M?"G,&FA%EEO[N;[R3-3< *SB)O3QE)EV7=J_L+P5 +2E9@B8R M4=+HE?)*C5UE"GE.G_+;3[R$'WM1J%,0Q1H@Z$2EM->-N;OL*Z94I180N8+! ML)R$[$OTI?*(M A8YP*L"OKH(,$&4.!66QX7[OIQ=]@S5%A'QGCH1)DN"9'Q M:PT;MMP9%YA+\G&&EZA\N2-K:[#LA0*CG)2EL4Z%#+"#U2F@3K@GUTB.FF!N MQ))7I:X3X:IU0FA/+":*YE3P10:PGY((-*S##D]E?$XLUL.4^I>OH[MUUAR( M'8I*D72 !>/V*V=UMS_L NLWXNT615MN(L]&B"P/[,>:7*1#N196MLB89X9.,=D#E\#VM:=9==-,'!,TIC.E_GZ:VK M[I*#//Y>)'E)]^@9[<,O^^*TG*YD*$5N]K*<)1';N?IX=?>UNV/E== [_4+> MZ;4(##LO-6UHUJ('_P+F:D,G9S2ZS/J*J'J\;SQQW@Z"^#2<:Y=3-#EC)P.0 MO$V04#Y 7W20F>T^ 0=A^8ZL&\/+(F,$4T_H82P,J P+"U",/N"QU6S-,#L"A#X<@6B28;+:VL7B2BRV]310$$) MTN\B=U%,)7,R5LA7<+^S[LI9+ M"G@,8' LF9-'3Y''Z5((C$?AO _DVJMMI8 L28(Y%109H&G^4^%#'^L'PY4O MK[:@R&()M(SB$Q^H"X1EST!5.0%FS_E*%JU)CHI]BK2;A0((LP;0TU<%&">E M]%DFZ6,$/H*K;TA00=-:&J*K*CLLPD[U4M0!K3 &#T@7.J,Q'W%PF+6X,HAA MH2C7JT3=KK ]ZW?9KT*"2(NI4\3J=-&>X"$9KD14"96,&ISN[=1'J=,*N%I- MF(?)"7MR3Y'* BK*:=@GP$1MYAJ=^?JQ.HQG4$:99'##1P> U T9>-(\I'+_ MRG424K7E.D'*5*[&3&TD@CCCQP3?4(*C*Q$[ )4TPU25+)6@[1(I2=)M$OT2 M[9[0LK"ROU=V Q>2A4NPHU/W8KQ:!SRW+0I^S&TC#4Q)IGU51J_KOK,2AV@< MTZT@&"2*:<)X=H80FX>GJ82 M2RQFZ*#EH4[C40VIF05QKEXC6X.*>1%5$8Q*8Q8*;BY9/>-Q5F0*7T2K16#JVRQ4!XQ=N/TX-4XA?',9K,T^0943XC2&!)( EF#"Z5+ M8S3NVU"_[OBU\]QJ@;F]W\O#,$HLD2S#^ED#=:\Q.[8J-GJOA/RT40\H'UZF MU7&8:F[1O,O27% RPTKNEH>*H141RMNK;>S*.(H1O=AEPZ$^ M+2?/.PX;4<U0<2S:1G4 MC4M;2IH(D00:."V2<0I JTMKT4#766U1)TFE#*5'1@.=*VRLU:(2FC! WC'*L3Z]8I.8M%%;F[")).5[&)<^MVDYA M[7V+-_@+)2^JK5^9<%(Q;:\JQ^7H^L2_L$O*8PN=?N^/PBH2UKWJ0$'02STM@CD;PSGP!O0R>N^=PP3M<':]TX A(%WV#MN MAA?%UX!^]D$<5D4&7:N '"1<#[-KM?@F &,K6?(4+\59A*M]%'3R2@:+CEL_ MQK'=ESN:*?RJR]J[RF-E\H 8X"P5*2IUFK.JVDF>Y5GUCCDA/2G*!;X1<(@O M#SZIRQ;*:W&TM[H"?))I_X 25$8 ,$R!?G'DATOS2SMHX8@RS;ITQ,!*5G'4 MZ>"*D$XP[4P8=F2=BJMO4?2KTVORO*@,ELEB6ZI?P$]O05=5JT=2;VI=VB\K M"N[HYHRIX?EMWK)EZZZQEJFQWU:5I/7B";0DC.)X5-SVR1E1RQZJ6@G8Q^I) M3&TL@&BD<":9<@\%2"995D2FKE^>6!=?^A*U3A<%7E)'S=*=/?,J&UFF(<]X M^RHVJXJE,,;J"'_K6BI,:"1DD:.F]QD*V*R,\GM&>H..M60JW2#ZRZI%51\E MKH!+U7PFU-()P"<5K]^P:#;6')N=_!.7"1&@F(%,(MQ-J78Q;)=R5?^OXYBZ MO$N95>* I5GWA4>IS6)A\GNL96UTNQSKW"41!C(<%V\[;R:CYM;UX6\7Q_WW MN#ANX_+OYFUW!M5)4[Z5>+^5>+^5>+^5>/^_5N*]377F9G+Q_UIQY:;IU"W% M^UO.]"UG^I8S?!@M M,3P_A\6*"(LGQ9VI[MV_9V9?G;E>5O M5Y:_75G^@P9NN\RR02^Y+__[I[U&L5%]7XC42.760/D->GE_*7[[]HK\['67 M,[IQ/EW\4UX(UQI2;]B,>WG<.=0)6<&H8,LHUM+G67W]LN3'%T,1C9?L$Z\!4R27=8[[1;KW5.;_5.?\GU#FOK3K=2KF^%9V^ M%9W:ILBZ^.(Y!P$4V4(35MG5"]2#6&56KN%%C9Y'GV/78A M)8[9%&#\ZS5MBS7JFIA5O3D%Z7I_M$9Q!\\:)]T@C-G4%\.;#@":EB$B;TV# M&1$]L]W_7-?!"IXVM7<'4]>,KH*KV+BQK2N$VM36'313U U&Q^?).>OLNNF\ M)PL$+937@A?M-V6)Z)^?B]LK5&K#J,YS=;("4\US&,[M1HVL4I"6MO,6U[&E MVZS1D6WI)&673=\NA[UYI??N82P/W?7%FP;G&[74'&_C!1=&/[4&:'6S-QNB M7&OS^O2G/)M(_ES6%;50&%'WP/N7/_S!1=X;AHC;8'3&7:V89B76:ED]1MRU MQ9%V-W"$8S?@LK6H9O_.)L3-C>+=T:/J;C8*M23;2DBX9OIH?$AJ5/V:@0H> M-$TOQ)GXBAA^K*HUMK->?)Y%@-JR6"PIO[79?J:D$JFIOZP%:FR",6,U5B3< M&;)I6F;S]T0VB.FL1\_8_E;#@S6R^C"#:YW-P1\/8Y&>,W+DL0OQT=3?\"C M-98PM=_L5<95+.4N3R&NQ8:'.6"@[,[XNRK[57WWVNX4VV8<3QC!C7?\FQM2 MN$*>K=Z4[[=NC9@Q_(CRB8P1M1#969QJDI5P9QIP.Y$"BSE?1L,!"%7#. M\&3"39*#D,DQ^B6OGO4P((IWS*+@DX]=^D?>/LL&*I+0'^"W&RQT..YR-E76 M6!^',K[H;:I;JIB^E1633;1A(B&H($$&&M6UUZ[+0-$T$\WV8$+WIHZMZ\ZJ M1RW4^)N9>5\JQSLL;G"+_8DQH5>_-JO-P!OTV^6'1)&D%1BP/#!B;>;0Z8&V M#[?!U=9;CKC)===;#KG!]=>6#G3>>+T9!7Q>>Z?TO[/=K7(7AHYSD["5HBBC M*G:R@M5R'LV:>IO<@L%I%H.UI!->-Z4:IV72=6)E!#)+WY-K? QQ7+G/]\RX MJQ?@=UPTW8R]2<-UFN:5P]7;@X/J;.LN$FY9_5=Y@U^C4'5=ZNHP;EFI$=5) M7M UN_C[5(5V+ !\U2SD:Y4A:20?-PTB'6)SIKC?[ M2Q$1* VCE%RB-Z2\R].ZO;.RBRVX=XQ*I3'JELYU]W-N/X_J(?8)CQJ2\02& MB(9@ UJI7?NYF;"[!H=E62RWO%-SP\&G_]A-O1OA3HYIWHS;TN^+ROR9[:T- M*[,>&^>3KG3QQM&@30BRP,IESKKJ1QSF?C;JQB@&^/HQ\WY(S!@II5N*4]D'"RY M%#7Z=S-V:K=LRBFW1'&>FT!+6 M*B'9*"JB2%*#FOM,)R:;^K1<-F(N_UQ=E+$^,-,X8JOW/)+WL+SFXA&'5DM2 M<191'JBF*\U!H=HWA]BA/9L" !X;"]?&UL4$L! A0#% @ *79N22"JJRD^ 0 :0, M !$ ( !W0< &1O8U!R;W!S+V-O&UL4$L! A0#% M @ *79N29E&POD1 !X;"]W;W)K8F]O:RYX;6Q02P$" M% ,4 " I=FY)E?P!R58" !I" & @ 'X%0 >&PO M=V]R:W-H965T&UL4$L! A0#% @ *79N2&PO=V]R:W-H965T&UL4$L! A0#% @ *79N2:&2EDI> @ $0@ !@ M ( !NB( 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ *79N27#_N+*A 0 L@, !@ ( !6"P 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% M @ *79N22DY"\VC 0 L@, !D ( !.SD 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ *79N23!*XB&D 0 L@, !D M ( !340 'AL+W=O&PO=V]R M:W-H965T&UL M4$L! A0#% @ *79N2>=#X#ZD 0 L@, !D ( !WDD M 'AL+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ M*79N2=LQA8&E 0 L@, !D ( !=T\ 'AL+W=OV@*4! "R P &0 @ 'B M5@ >&PO=V]R:W-H965T&UL4$L! A0#% @ *79N2;IZ8IMJ! K!@ !D M ( !C%L 'AL+W=O&PO=V]R:W-H M965T&UL4$L! M A0#% @ *79N296-M[P8 @ RP8 !D ( !!64 'AL M+W=O&PO=V]R:W-H965T&UL4$L! A0#% @ *79N M2; UL:QK @ : @ !D ( !KFP 'AL+W=O080" !;"P &0 M @ %0;P >&PO=V]R:W-H965T]L[Y80( "(( 9 " 0MR !X;"]W;W)K M&UL4$L! A0#% @ *79N2:P3A_WB 0 ^@0 M !D ( !HW0 'AL+W=O&PO XML 55 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 56 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 58 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 81 180 1 false 33 0 false 5 false false R1.htm 000100 - Document - Document and Entity Information Sheet http://lglgroup.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 010000 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED Sheet http://lglgroup.com/role/CondensedConsolidatedBalanceSheetsunaudited CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED Statements 2 false false R3.htm 010100 - Statement - CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED (Parenthetical) Sheet http://lglgroup.com/role/CondensedConsolidatedBalanceSheetsunauditedParenthetical CONDENSED CONSOLIDATED BALANCE SHEETS-UNAUDITED (Parenthetical) Statements 3 false false R4.htm 020000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED Sheet http://lglgroup.com/role/CondensedConsolidatedStatementsOfOperationsUnaudited CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - UNAUDITED Statements 4 false false R5.htm 030000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED Sheet http://lglgroup.com/role/CondensedConsolidatedStatementsOfComprehensiveIncomeLossUnaudited CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED Statements 5 false false R6.htm 040000 - Statement - CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - UNAUDITED Sheet http://lglgroup.com/role/CondensedConsolidatedStatementOfStockholdersEquityUnaudited CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - UNAUDITED Statements 6 false false R7.htm 050000 - Statement - CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED Sheet http://lglgroup.com/role/CondensedConsolidatedStatementsOfCashFlowsUnaudited CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED Statements 7 false false R8.htm 060100 - Disclosure - Subsidiaries of the Registrant Sheet http://lglgroup.com/role/SubsidiariesOfRegistrant Subsidiaries of the Registrant Notes 8 false false R9.htm 060200 - Disclosure - Business Combination Sheet http://lglgroup.com/role/BusinessCombination Business Combination Notes 9 false false R10.htm 060300 - Disclosure - Basis of Presentation Sheet http://lglgroup.com/role/BasisOfPresentation Basis of Presentation Notes 10 false false R11.htm 060400 - Disclosure - Inventories Sheet http://lglgroup.com/role/Inventories Inventories Notes 11 false false R12.htm 060500 - Disclosure - Intangible Assets Sheet http://lglgroup.com/role/IntangibleAssets Intangible Assets Notes 12 false false R13.htm 060600 - Disclosure - CNB Loan Sheet http://lglgroup.com/role/CnbLoan CNB Loan Notes 13 false false R14.htm 060700 - Disclosure - Stock-Based Compensation Sheet http://lglgroup.com/role/StockbasedCompensation Stock-Based Compensation Notes 14 false false R15.htm 060800 - Disclosure - Net Income (Loss) Per Share Sheet http://lglgroup.com/role/NetIncomeLossPerShare Net Income (Loss) Per Share Notes 15 false false R16.htm 060900 - Disclosure - Stockholders' Equity Sheet http://lglgroup.com/role/StockholdersEquity Stockholders' Equity Notes 16 false false R17.htm 061000 - Disclosure - Fair Value Measurements Sheet http://lglgroup.com/role/FairValueMeasurements Fair Value Measurements Notes 17 false false R18.htm 061100 - Disclosure - Foreign Revenues Sheet http://lglgroup.com/role/ForeignRevenues Foreign Revenues Notes 18 false false R19.htm 061200 - Disclosure - Commitments and Contingencies Sheet http://lglgroup.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 19 false false R20.htm 061300 - Disclosure - Related Party Transactions Sheet http://lglgroup.com/role/RelatedPartyTransactions Related Party Transactions Notes 20 false false R21.htm 070200 - Disclosure - Business Combination (Policies) Sheet http://lglgroup.com/role/BusinessCombinationPolicies Business Combination (Policies) Policies 21 false false R22.htm 070700 - Disclosure - Stock-Based Compensation (Policies) Sheet http://lglgroup.com/role/StockbasedCompensationPolicies Stock-Based Compensation (Policies) Policies 22 false false R23.htm 070800 - Disclosure - Net Income (Loss) Per Share (Policies) Sheet http://lglgroup.com/role/NetIncomeLossPerSharePolicies Net Income (Loss) Per Share (Policies) Policies 23 false false R24.htm 071000 - Disclosure - Fair Value Measurements (Policies) Sheet http://lglgroup.com/role/FairValueMeasurementsPolicies Fair Value Measurements (Policies) Policies 24 false false R25.htm 080100 - Disclosure - Subsidiaries of the Registrant (Tables) Sheet http://lglgroup.com/role/SubsidiariesOfRegistrantTables Subsidiaries of the Registrant (Tables) Tables http://lglgroup.com/role/SubsidiariesOfRegistrant 25 false false R26.htm 080200 - Disclosure - Business Combination (Tables) Sheet http://lglgroup.com/role/BusinessCombinationTables Business Combination (Tables) Tables http://lglgroup.com/role/BusinessCombination 26 false false R27.htm 080400 - Disclosure - Inventories (Tables) Sheet http://lglgroup.com/role/InventoriesTables Inventories (Tables) Tables http://lglgroup.com/role/Inventories 27 false false R28.htm 080500 - Disclosure - Intangible Assets (Tables) Sheet http://lglgroup.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://lglgroup.com/role/IntangibleAssets 28 false false R29.htm 080800 - Disclosure - Net Income (Loss) Per Share (Tables) Sheet http://lglgroup.com/role/NetIncomeLossPerShareTables Net Income (Loss) Per Share (Tables) Tables http://lglgroup.com/role/NetIncomeLossPerShare 29 false false R30.htm 081000 - Disclosure - Fair Value Measurements (Tables) Sheet http://lglgroup.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://lglgroup.com/role/FairValueMeasurements 30 false false R31.htm 081100 - Disclosure - Foreign Revenues (Tables) Sheet http://lglgroup.com/role/ForeignRevenuesTables Foreign Revenues (Tables) Tables http://lglgroup.com/role/ForeignRevenues 31 false false R32.htm 090100 - Disclosure - Subsidiaries of the Registrant (Details) Sheet http://lglgroup.com/role/SubsidiariesOfRegistrantDetails Subsidiaries of the Registrant (Details) Details http://lglgroup.com/role/SubsidiariesOfRegistrantTables 32 false false R33.htm 090200 - Disclosure - Business Combination (Details) Sheet http://lglgroup.com/role/BusinessCombinationDetails Business Combination (Details) Details http://lglgroup.com/role/BusinessCombinationTables 33 false false R34.htm 090400 - Disclosure - Inventories (Details) Sheet http://lglgroup.com/role/InventoriesDetails Inventories (Details) Details http://lglgroup.com/role/InventoriesTables 34 false false R35.htm 090500 - Disclosure - Intangible Assets (Details) Sheet http://lglgroup.com/role/IntangibleAssetsDetails Intangible Assets (Details) Details http://lglgroup.com/role/IntangibleAssetsTables 35 false false R36.htm 090600 - Disclosure - CNB Loan (Details) Sheet http://lglgroup.com/role/CnbLoanDetails CNB Loan (Details) Details http://lglgroup.com/role/CnbLoan 36 false false R37.htm 090700 - Disclosure - Stock-Based Compensation (Details) Sheet http://lglgroup.com/role/StockbasedCompensationDetails Stock-Based Compensation (Details) Details http://lglgroup.com/role/StockbasedCompensationPolicies 37 false false R38.htm 090800 - Disclosure - Net Income (Loss) Per Share (Details) Sheet http://lglgroup.com/role/NetIncomeLossPerShareDetails Net Income (Loss) Per Share (Details) Details http://lglgroup.com/role/NetIncomeLossPerShareTables 38 false false R39.htm 090900 - Disclosure - Stockholders' Equity (Details) Sheet http://lglgroup.com/role/StockholdersEquityDetails Stockholders' Equity (Details) Details http://lglgroup.com/role/StockholdersEquity 39 false false R40.htm 091000 - Disclosure - Fair Value Measurements (Details) Sheet http://lglgroup.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) Details http://lglgroup.com/role/FairValueMeasurementsTables 40 false false R41.htm 091100 - Disclosure - Foreign Revenues (Details) Sheet http://lglgroup.com/role/ForeignRevenuesDetails Foreign Revenues (Details) Details http://lglgroup.com/role/ForeignRevenuesTables 41 false false R42.htm 091300 - Disclosure - Related Party Transactions (Details) Sheet http://lglgroup.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://lglgroup.com/role/RelatedPartyTransactions 42 false false All Reports Book All Reports lgl-20160930.xml lgl-20160930.xsd lgl-20160930_cal.xml lgl-20160930_def.xml lgl-20160930_lab.xml lgl-20160930_pre.xml true true ZIP 60 0000061004-16-000089-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000061004-16-000089-xbrl.zip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end