Subsequent Events

Korea Tax Payment

In October 2016, we paid $12.0 million related the Korea tax assessment described in Note G. Income Taxes.

Restricted Stock Unit Grants

In November 2016, we granted the restricted stock units shown in the table below to employees, including some of our executive officers. The performance-based RSUs were granted to our executive officers. The RSUs granted to our executive officers are eligible to vest based upon our total shareholder return relative to a peer group target (the “TSR units”), measured annually over a three-year period that commenced on October 1, 2016. To the extent earned, these TSR units will vest in three substantially equal installments on the later of November 15, 2017, November 15, 2018 and November 15, 2019, or the date the Compensation Committee determines the extent to which the applicable performance criteria have been achieved for each performance period. RSUs not earned for a period may be earned in the third period. The number of TSR units that will vest will be based on the level of achievement up to a maximum of 495,000 shares, with no vesting if the annual threshold requirement is not achieved, or the employee is no longer with the Company at the end of the relevant performance period.

The time-based RSUs were issued to both employees and our executive officers. In addition, executive officers have opportunity to earn up to one or, for our CEO, two times the number of time-based RSUs (up to a maximum of 305,000 shares) if certain performance conditions are met. The time-based RSUs will vest in three substantially equal annual installments on November 15, 2017, 2018 and 2019. The performance-based RSUs will vest in three substantially equal installments on the later of November 15, 2017, November 15, 2018 and November 15, 2019, or the date the Compensation Committee determines the extent to which the applicable performance criteria have been achieved.



	TSR units		Performance-Based RSUs		Time-Based RSUs
	(in thousands)
Maximum number of RSUs eligible to vest	495		316		711
Intrinsic value on grant date based on the maximum number of RSUs eligible to vest	$	23,482	$	14,991	$	33,731

Borrowings

In November 2016, we borrowed $60 million under our credit facility to fund working capital requirements, including 2016 year end incentive-based compensation accruals.