0000009092-17-000010.txt : 20170726 0000009092-17-000010.hdr.sgml : 20170726 20170726155349 ACCESSION NUMBER: 0000009092-17-000010 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 42 CONFORMED PERIOD OF REPORT: 20170630 FILED AS OF DATE: 20170726 DATE AS OF CHANGE: 20170726 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BADGER METER INC CENTRAL INDEX KEY: 0000009092 STANDARD INDUSTRIAL CLASSIFICATION: TOTALIZING FLUID METERS & COUNTING DEVICES [3824] IRS NUMBER: 390143280 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-06706 FILM NUMBER: 17982797 BUSINESS ADDRESS: STREET 1: 4545 WEST BROWN DEER ROAD CITY: MILWAUKEE STATE: WI ZIP: 53223 BUSINESS PHONE: 4143715702 MAIL ADDRESS: STREET 1: 4545 W BROWN DEER RD CITY: MILWAUKEE STATE: WI ZIP: 53223 FORMER COMPANY: FORMER CONFORMED NAME: BADGER METER MANUFACTURING CO DATE OF NAME CHANGE: 19710729 10-Q 1 bmi0630201710-q.htm 10-Q Document

 
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________ 
FORM 10-Q
___________________________________________________ 
Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
for the quarterly period ended June 30, 2017
Commission File Number 001-06706
___________________________________________________
BADGER METER, INC.
 ___________________________________________________ 
4545 W. Brown Deer Road
Milwaukee, Wisconsin 53223
(Address of principal executive offices)

(414) 355-0400
(Registrant's telephone number, including area code)

A Wisconsin Corporation
IRS Employer Identification No. 39-0143280
___________________________________________________ 
 
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  ý    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  ý    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
 
Large accelerated filer
 
ý
  
Accelerated filer
¨
 
 
 
 
Non-accelerated filer
 
o   (Do not check if a smaller reporting company)
  
Smaller reporting company
¨
 
 
 
 
 
 
Emerging growth company
 
o   
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ¨
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý
As of July 13, 2017, there were 29,113,132 shares of Common stock outstanding with a par value of $1 per share.
 




BADGER METER, INC.
Quarterly Report on Form 10-Q for the Period Ended June 30, 2017
Index
 
 
Page No.
 
 
 
 
 
 
Item 1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Item 2
 
 
 
Item 3
 
 
 
Item 4
 
 
 
 
 
 
Item 6
 
 
 
 

2


Special Note Regarding Forward Looking Statements

Certain statements contained in this Quarterly Report on Form 10-Q, as well as other information provided from time to time by Badger Meter, Inc. (the “Company”) or its employees, may contain forward looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “think,” “should,” “could” and “objective” or similar expressions are intended to identify forward looking statements. All such forward looking statements are based on the Company’s then current views and assumptions and involve risks and uncertainties. Some risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward looking statements include those described in Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 that include, among other things:

the continued shift in the Company’s business from lower cost, manually read meters toward more expensive, value-added automatic meter reading (AMR) systems, advanced metering infrastructure (AMI) systems and advanced metering analytics (AMA) systems that offer more comprehensive solutions to customers’ metering needs;
the success or failure of newer Company products;
changes in competitive pricing and bids in both the domestic and foreign marketplaces, and particularly in continued intense price competition on government bid contracts for lower cost, manually read meters;
the actions (or lack thereof) of the Company’s competitors;
changes in the Company’s relationships with its alliance partners, primarily its alliance partners that provide radio solutions, and particularly those that sell products that do or may compete with the Company’s products;
changes in the general health of the United States and foreign economies, including to some extent such things as the length and severity of global economic downturns, international or civil conflicts that affect international trade, the ability of municipal water utility customers to authorize and finance purchases of the Company’s products, the Company’s ability to obtain financing, housing starts in the United States, and overall industrial activity;
unusual weather, weather patterns or other natural phenomena, including related economic and other ancillary effects of any such events;
economic policy changes, including but not limited to, trade policy and corporate taxation;
the timing and impact of government funding programs that stimulate national and global economies, as well as the impact of government budget cuts or partial shutdowns of governmental operations;
changes in the cost and/or availability of needed raw materials and parts, such as volatility in the cost of brass castings as a result of fluctuations in commodity prices, particularly for copper and scrap metal at the supplier level, foreign-sourced electronic components as a result of currency exchange fluctuations and/or lead times, and plastic resin as a result of changes in petroleum and natural gas prices;
the Company’s expanded role as a prime contractor for providing complete technology systems to governmental entities, which brings with it added risks, including but not limited to, the Company’s responsibility for subcontractor performance, additional costs and expenses if the Company and its subcontractors fail to meet the timetable agreed to with the governmental entity, and the Company’s expanded warranty and performance obligations;
the Company’s ability to successfully integrate acquired businesses or products;
changes in foreign economic conditions, particularly currency fluctuations in the United States dollar, the Euro and the Mexican peso;
the inability to develop technologically advanced products;
the failure of the Company’s products to operate as intended;
the inability to protect the Company’s proprietary rights to its products;
disruptions and other damages to information technology and other networks and operations due to breaches in data security or any other cybersecurity attack;
transportation delays or interruptions;
violations or alleged violations of the U.S. Foreign Corrupt Practices Act (FCPA) or other anti-corruption laws and the Foreign Account Tax Compliance provisions of the Hiring Incentives to Restore Employment Act (referred to as FATCA);
the loss of certain single-source suppliers; and
changes in laws and regulations, particularly laws dealing with the content or handling of materials used in the Company's products.

All of these factors are beyond the Company's control to varying degrees. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward looking statements contained in this Quarterly Report on Form 10-Q and are cautioned not to place undue reliance on such forward looking statements. The forward looking statements made in this document are made only as of the date of this document and the Company assumes no obligation, and disclaims any obligation, to update any such forward looking statements to reflect subsequent events or circumstances.


3


Part I – Financial Information

Item 1  Financial Statements

BADGER METER, INC.

Consolidated Condensed Balance Sheets
 
June 30,
 
December 31,
 
(Unaudited)
 
 
 
(In thousands)
Assets
2017
 
2016
Current assets:
 
 
 
Cash
$
13,850

 
$
7,338

Receivables
64,426

 
59,818

Inventories:
 
 
 
Finished goods
17,446

 
18,087

Work in process
17,407

 
17,157

Raw materials
39,035

 
42,457

Total inventories
73,888

 
77,701

Prepaid expenses and other current assets
4,335

 
6,155

Total current assets
156,499

 
151,012

Property, plant and equipment, at cost
207,761

 
200,978

Less accumulated depreciation
(116,303
)
 
(110,784
)
Net property, plant and equipment
91,458

 
90,194

Intangible assets, at cost less accumulated amortization
60,027

 
51,872

Other assets
9,606

 
6,607

Deferred income taxes

 
700

Goodwill
61,156

 
49,314

Total assets
$
378,746

 
$
349,699

 
 
 
 
Liabilities and shareholders’ equity
 
 
 
Current liabilities:
 
 
 
Short-term debt
$
45,560

 
$
37,950

Payables
23,891

 
18,350

Accrued compensation and employee benefits
11,116

 
13,861

Warranty and after-sale costs
3,064

 
2,779

Income and other taxes
6,641

 
2,898

Total current liabilities
90,272

 
75,838

Other long-term liabilities
5,813

 
4,019

Deferred income taxes
1,638

 
1,901

Accrued non-pension postretirement benefits
5,864

 
5,753

Other accrued employee benefits
5,753

 
5,979

Commitments and contingencies (Note 6)

 

Shareholders’ equity:
 
 
 
Common stock
37,158

 
37,122

Capital in excess of par value
30,148

 
28,022

Reinvested earnings
236,563

 
223,876

Accumulated other comprehensive loss
(10,141
)
 
(11,635
)
Less: Employee benefit stock
(614
)
 
(614
)
  Treasury stock, at cost
(23,708
)
 
(20,562
)
Total shareholders’ equity
269,406

 
256,209

Total liabilities and shareholders’ equity
$
378,746

 
$
349,699

See accompanying notes to unaudited consolidated condensed financial statements.


4


BADGER METER, INC.

Consolidated Statements of Operations
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
(Unaudited)
 
(Unaudited)
 
(In thousands except share and per share amounts)
  
2017
 
2016
 
2017
 
2016
Net sales
$
104,176

 
$
103,820

 
$
205,782

 
$
204,390

Cost of sales
63,122

 
64,424

 
126,078

 
125,983

Gross margin
41,054

 
39,396

 
79,704

 
78,407

Selling, engineering and administration
24,463

 
24,474

 
49,644

 
50,679

Operating earnings
16,591

 
14,922

 
30,060

 
27,728

Interest expense, net
147

 
228

 
325

 
498

Earnings before income taxes
16,444

 
14,694

 
29,735

 
27,230

Provision for income taxes
5,830

 
5,294

 
10,372

 
9,840

Net earnings
$
10,614

 
$
9,400

 
$
19,363

 
$
17,390

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic
$
0.37

 
$
0.33

 
$
0.67

 
$
0.60

Diluted
$
0.36

 
$
0.32

 
$
0.67

 
$
0.60

 
 
 
 
 
 
 
 
Dividends declared per common share
$
0.115

 
$
0.100

 
$
0.230

 
$
0.200

 
 
 
 
 
 
 
 
Shares used in computation of earnings per share:
 
 
 
 
 
 
 
Basic
28,938,451

 
28,887,078

 
28,938,851

 
28,868,794

Impact of dilutive securities
159,369

 
164,331

 
170,824

 
159,597

Diluted
29,097,820

 
29,051,409

 
29,109,675

 
29,028,391

See accompanying notes to unaudited consolidated condensed financial statements.


5


BADGER METER, INC.

Consolidated Statements of Comprehensive Income
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
(Unaudited)
 
(Unaudited)
 
(In thousands)
 
2017
 
2016
 
2017
 
2016
Net earnings
$
10,614

 
$
9,400

 
$
19,363

 
$
17,390

Other comprehensive income:
 
 
 
 
 
 
 
Foreign currency translation adjustment
1,049

 
(288
)
 
1,340

 
289

Pension and postretirement benefits, net of tax
71

 
94

 
154

 
190

Comprehensive income
$
11,734

 
$
9,206

 
$
20,857

 
$
17,869

See accompanying notes to unaudited consolidated condensed financial statements.


6


BADGER METER, INC.

Consolidated Condensed Statements of Cash Flows
 
 
Six Months Ended
 
June 30
 
(Unaudited)
(In thousands)
 
2017
 
2016
Operating activities:
 
 
 
Net earnings
$
19,363

 
$
17,390

Adjustments to reconcile net earnings to net cash provided by operations:
 
 
 
Depreciation
5,997

 
5,603

Amortization
5,994

 
5,675

Deferred income taxes
(53
)
 
131

Noncurrent employee benefits
541

 
437

Stock-based compensation expense
779

 
752

Changes in:
 
 
 
Receivables
(3,754
)
 
(4,652
)
Inventories
4,759

 
(1,778
)
Prepaid expenses and other assets
(3,734
)
 
122

Liabilities other than debt
7,453

 
4,016

Total adjustments
17,982

 
10,306

Net cash provided by operations
37,345

 
27,696

 
 
 
 
Investing activities:
 
 
 
Property, plant and equipment expenditures
(6,762
)
 
(5,513
)
Acquisitions, net of cash acquired and future payments
(18,376
)
 

Net cash used for investing activities
(25,138
)
 
(5,513
)
 
 
 
 
Financing activities:
 
 
 
Net increase (decrease) in short-term debt
2,161

 
(17,810
)
Dividends paid
(6,673
)
 
(5,791
)
Proceeds from exercise of stock options
1,014

 
328

Repurchase of treasury stock
(3,288
)
 

Issuance of treasury stock
533

 
441

Net cash used for financing activities
(6,253
)
 
(22,832
)
 
 
 
 
Effect of foreign exchange rates on cash
558

 
(158
)
 
 
 
 
Increase (decrease) in cash
6,512

 
(807
)
Cash – beginning of period
7,338

 
8,163

Cash – end of period
$
13,850

 
$
7,356

See accompanying notes to unaudited consolidated condensed financial statements.


7


BADGER METER, INC.

Notes to Unaudited Consolidated Condensed Financial Statements

Note 1 Basis of Presentation

In the opinion of management, the accompanying unaudited consolidated condensed financial statements of Badger Meter, Inc. (the “Company” or “Badger Meter”) contain all adjustments (consisting only of normal recurring accruals except as otherwise discussed) necessary to present fairly the Company’s consolidated condensed financial position at June 30, 2017, results of operations for the three- and six-month periods ended June 30, 2017 and 2016, comprehensive income for the three- and six-month periods ended June 30, 2017 and 2016, and cash flows for the six-month periods ended June 30, 2017 and 2016. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.

Note 2 Additional Financial Information Disclosures

The consolidated condensed balance sheet at December 31, 2016 was derived from amounts included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Refer to the footnotes to the financial statements included in that report for a description of the Company’s accounting policies and for additional details of the Company’s financial condition. The details in those notes have not changed except as discussed below and as a result of normal adjustments in the interim.

Warranty and After-Sale Costs

The Company estimates and records provisions for warranties and other after-sale costs in the period in which the sale is recorded, based on a lag factor and historical warranty claim experience. After-sale costs represent a variety of activities outside of the written warranty policy, such as investigation of unanticipated problems after the customer has installed the product, or analysis of water quality issues. Changes in the Company’s warranty and after-sale costs reserve are as follows:
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
(In thousands)
2017
 
2016
 
2017
 
2016
Balance at beginning of period
$
2,548

 
$
3,561

 
$
2,779

 
$
3,133

Net additions charged to earnings
1,231

 
398

 
1,983

 
1,238

Adjustments to pre-existing warranties
440

 
610

 
46

 
863

Costs incurred
(1,155
)
 
(1,056
)
 
(1,744
)
 
(1,721
)
Balance at end of period
$
3,064

 
$
3,513

 
$
3,064

 
$
3,513


Note 3 Employee Benefit Plans

The Company maintains a non-contributory defined benefit pension plan that covers substantially all U.S. employees who were employed at December 31, 2011. After that date, no further benefits are being accrued in this plan. For the frozen pension plan, benefits are based primarily on years of service and, for certain plans, levels of compensation.

The Company also maintains supplemental non-qualified plans for certain officers and other key employees, and an Employee Savings and Stock Option Plan (“ESSOP”) for the majority of the U.S. employees.

The Company additionally has a postretirement healthcare benefit plan that provides medical benefits for certain U.S. retirees and eligible dependents hired prior to November 1, 2004. Employees are eligible to receive postretirement healthcare benefits upon meeting certain age and service requirements. No employees hired after October 31, 2004 are eligible to receive these benefits. This plan requires employee contributions to offset benefit costs.

8



The following table sets forth the components of net periodic benefit cost for the three months ended June 30, 2017 and 2016 based on December 31, 2016 and 2015 actuarial measurement dates, respectively:
 
 
Defined
pension plan
benefits
 
Other
postretirement
benefits
(In thousands)
2017
 
2016
 
2017
 
2016
Service (income) cost – benefits earned during the year
$
(11
)
 
$
48

 
$
28

 
$
33

Interest cost on projected benefit obligations
469

 
450

 
66

 
65

Expected return on plan assets
(396
)
 
(538
)
 

 

Amortization of prior service cost

 

 
(7
)
 
(7
)
Amortization of net loss (benefit)
141

 
154

 
(24
)
 

Net periodic benefit cost
$
203

 
$
114

 
$
63

 
$
91


The following table sets forth the components of net periodic benefit cost for the six months ended June 30, 2017 and 2016 based on December 31, 2016 and 2015 actuarial measurement dates, respectively:
 
 
Defined
pension plan
benefits
 
Other
postretirement
benefits
(In thousands)
2017
 
2016
 
2017
 
2016
Service cost – benefits earned during the year
$
13

 
$
55

 
$
63

 
$
69

Interest cost on projected benefit obligations
787

 
905

 
117

 
129

Expected return on plan assets
(798
)
 
(1,087
)
 

 

Amortization of prior service cost

 

 
(13
)
 
(13
)
Amortization of net loss (benefit)
276

 
311

 
(24
)
 

Net periodic benefit cost
$
278

 
$
184

 
$
143

 
$
185


The Company disclosed in its financial statements for the year ended December 31, 2016 that it was not required to make a minimum contribution to the defined benefit pension plan for the 2017 calendar year. The Company believes that no additional contributions will be required during 2017.

The Company also disclosed in its financial statements for the year ended December 31, 2016 that it estimated it would pay $0.4 million in other postretirement benefits in 2017 based on actuarial estimates. As of June 30, 2017, $68,000 of such benefits have been paid. The Company continues to believe that its estimated payments for the full year are reasonable. However, such estimates contain inherent uncertainties because cash payments can vary significantly depending on the timing of postretirement medical claims and the collection of the retirees’ portion of certain costs. Note that the amount of benefits paid in calendar year 2017 will not impact the expense for postretirement benefits for 2017.

Note 4 Accumulated Other Comprehensive Loss

Components of and changes in accumulated other comprehensive loss at June 30, 2017 are as follows: 
(In thousands)
Unrecognized pension and postretirement benefits
 
Foreign currency
 
Total
Balance at beginning of period
$
(10,495
)
 
$
(1,140
)
 
$
(11,635
)
Other comprehensive income before reclassifications

 
1,340

 
1,340

Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million
154

 

 
154

Net current period other comprehensive income, net of tax
154

 
1,340

 
1,494

Accumulated other comprehensive (loss) income
$
(10,341
)
 
$
200

 
$
(10,141
)


9


Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2017 are as follows:
(In thousands)
Amount reclassified from accumulated other comprehensive loss
Amortization of defined benefit pension items:
 
Prior service benefit (1)
$
(13
)
Amortization of actuarial loss (1)
252

Total before tax
239

Income tax benefit
(85
)
Amount reclassified out of accumulated other comprehensive loss
$
154


(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans.”

Components of and changes in accumulated other comprehensive loss at June 30, 2016 are as follows:
(In thousands)
Unrecognized pension and postretirement benefits
 
Foreign currency
 
Total
Balance at beginning of period
$
(11,968
)
 
$
(812
)
 
$
(12,780
)
Other comprehensive income before reclassifications

 
289

 
289

Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million
190

 

 
190

Net current period other comprehensive income, net of tax
190

 
289

 
479

Accumulated other comprehensive loss
$
(11,778
)
 
$
(523
)
 
$
(12,301
)

Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2016 are as follows:
(In thousands)
Amount reclassified from accumulated other comprehensive loss
Amortization of defined benefit pension items:
 
Prior service cost (1)
$
(13
)
Amortization of actuarial loss (1)
311

Total before tax
298

Income tax benefit
(108
)
Amount reclassified out of accumulated other comprehensive loss
$
190


(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans.”

Note 5 Acquisitions

On May 1, 2017, the Company acquired 100% of the outstanding common stock of D-Flow Technology AB ("D-Flow") of Luleå, Sweden. The D-Flow acquisition facilitates the continued advancement of the existing E-Series® Ultrasonic product line while also adding a technology center for the Company. Sales of D-Flow products were approximately $0.7 million in the three months ended June 30, 2017.


10


The purchase price was approximately $23.2 million in cash, plus a small working capital adjustment. The purchase price included $5.1 million in payments that are anticipated to be made within eighteen months of the purchase date, of which $4.1 million is recorded in payables on the Consolidated Balance Sheets at June 30, 2017 and $1.0 million is recorded in long-term liabilities. The Company's preliminary allocation of the purchase price included approximately $0.3 million in receivables, $0.6 million in inventory, $0.2 million in machinery and equipment, $10.9 million of intangibles and $11.8 million of goodwill. The majority of the intangible assets acquired related to ultrasonic technology. The Company also assumed $0.6 million of liabilities as part of the acquisition. As of June 30, 2017, the Company had not completed its analysis for estimating the fair value of the assets acquired.

The D-Flow acquisition was accounted for under the purchase method, and accordingly, the results of operations were included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto.

On October 20, 2016, the Company acquired certain assets of Precision Flow Measurement, Inc., doing business as Nice Instrumentation, of Manalapan Township, New Jersey. The acquisition added a new technology for the measurement of steam to the Company's HVAC line of products.

The total purchase consideration for the Nice Instrumentation assets was $2.0 million, which included a $0.2 million payment that was made after the first production run that occurred in January 2017. The Company's preliminary allocation of the purchase price at December 31, 2016 included approximately $15,000 of inventory and equipment, $0.7 million of intangibles and $1.3 million of goodwill. The intangible assets acquired are primarily customer technology with an estimated average useful life of 15 years. The preliminary allocation of the purchase price to the assets acquired was based upon the estimated fair values at the date of acquisition. The Company completed its analysis for estimating the fair value of the assets acquired in the first quarter of 2017 with no additional adjustments.

The Nice Instrumentation acquisition was accounted for under the purchase method, and accordingly, the results of operations were included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto.

Note 6 Contingencies, Litigation and Commitments

In the normal course of business, the Company is named in legal proceedings. There are currently no material legal proceedings pending with respect to the Company. The more significant legal proceedings are discussed below.

The Company is subject to contingencies related to environmental laws and regulations. The Company is named as one of many potentially responsible parties in two landfill lawsuits. The landfill sites are impacted by the Federal Comprehensive Environmental Response, Compensation and Liability Act and other environmental laws and regulations. At this time, the Company does not believe the ultimate resolution of these matters will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based on the Company’s assessment of its limited past involvement with these landfill sites as well as the substantial involvement of and government focus on other named third parties with these landfill sites. However, due to the inherent uncertainties of such proceedings, the Company cannot predict the ultimate outcome of any of these matters. A future change in circumstances with respect to these specific matters or with respect to sites formerly or currently owned or operated by the Company, off-site disposal locations used by the Company, and property owned by third parties that is near such sites, could result in future costs to the Company and such amounts could be material. Expenditures for compliance with environmental control provisions and regulations during 2016 and the first half of 2017 were not material.
    
Like other companies in recent years, the Company is named as a defendant in numerous pending multi-claimant/multi-defendant lawsuits alleging personal injury as a result of exposure to asbestos, manufactured by third parties, and in the past may have been integrated into or sold with a very limited number of the Company’s products. The Company is vigorously defending itself against these claims. Although it is not possible to predict the ultimate outcome of these matters, the Company does not believe the ultimate resolution of these issues will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based in part on the fact that no claimant has proven or substantially demonstrated asbestos exposure caused by products manufactured or sold by the Company and that a number of cases have been voluntarily dismissed.

The Company relies on single suppliers for most brass castings and certain electronic subassemblies in several of its product lines. The Company believes these items would be available from other sources, but that the loss of certain suppliers would result in a higher cost of materials, delivery delays, short-term increases in inventory and higher quality control costs in

11


the short term. The Company attempts to mitigate these risks by working closely with key suppliers, purchasing minimal amounts from alternative suppliers and by purchasing business interruption insurance where appropriate.     

The Company reevaluates its exposures on a periodic basis and makes adjustments to reserves as appropriate.

Note 7 Income Taxes

The provision for income taxes as a percentage of earnings before income taxes for the second quarter of 2017 was 35.5% compared to 36.0% in the second quarter of 2016. The provision for income taxes as a percentage of earnings before income taxes for the first half of 2017 was 34.9% compared to 36.1% in the first half of 2016. Interim provisions are tied to an estimate of the overall annual rate which can vary due to state taxes, the relationship of foreign and domestic earnings, and production credits available. These items cause variations between periods.

Note 8 Fair Value Measurements of Financial Instruments
    
The Company applies the accounting standards for fair value measurements and disclosures for its financial assets and financial liabilities. The carrying amounts of cash, receivables and payables in the financial statements approximate their fair values due to the short-term nature of these financial instruments. Short-term debt is comprised of notes payable drawn against the Company's lines of credit and commercial paper. Because of its short-term nature, the carrying amount of the short-term debt also approximates fair value. Included in other assets are insurance policies on various individuals who were associated with the Company. The carrying amounts of these insurance policies approximate their fair value.

Note 9 Subsequent Events
    
The Company evaluates subsequent events at the date of the balance sheet as well as conditions that arise after the balance sheet date but before the financial statements are issued. The effects of conditions that existed at the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading. To the extent such events and conditions exist, if any, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. For purposes of preparing the accompanying consolidated condensed financial statements and the notes to these financial statements, the Company evaluated subsequent events through the date the accompanying financial statements were issued, and has determined that no material subsequent events exist through the date of this filing.

Note 10 New Pronouncements

In May 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,” which clarifies when a change to terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the vesting condition, fair value or the award classification is not the same both before and after a change to the terms and conditions of the award. The new guidance is effective on a prospective basis beginning on January 1, 2018 and early adoption is permitted. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements as it is not the Company’s practice to change the terms or conditions of share-based payment awards after they are granted.

In March 2017, the FASB issued ASU 2017-07 “Compensation – Retirement Benefits (Topic 715)”, which changes the presentation of defined benefit and post-retirement benefit plan expense on the income statement by requiring separation between operating and non-operating expense. Under the ASU, the service cost of net periodic benefit expense is an operating expense that will be reported with similar compensation costs. The non-operating components, which include all other components of net periodic benefit expense, are reported outside of operating income. The ASU also stipulates that only the service cost component of pension and postretirement benefit costs is eligible for capitalization. The ASU is effective for annual periods beginning after December 15, 2017 and interim periods within that annual period. Application is retrospective for the presentation of the components of these benefit costs and prospective for the capitalization of service costs. The Company's net periodic benefit cost components are disclosed in Note 3 "Employee Benefit Plans".


12


In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill: Simplifying the Test for Goodwill Impairment." The update requires a single-step quantitative test to measure potential impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment can still be completed first for an entity to determine if a quantitative impairment test is necessary. The ASU is effective for fiscal year 2021 and is to be adopted on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company anticipates that the adoption of this standard will have no impact on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)," which requires lessees to record most leases on their balance sheets. Lessees initially recognize a lease liability (measured at the present value of the lease payments over the lease term) and a right-of-use ("ROU") asset (measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee's initial direct costs). Lessees can make an accounting policy election not to recognize ROU assets and lease liabilities for leases with a lease term of 12 months or less as long as the leases do not include options to purchase the underlying assets that the lessee is reasonably certain to exercise. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The ASU is effective for the Company beginning on January 1, 2019 and early adoption is permitted. The standard requires the use of a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is continuing to evaluate the impact that the adoption of this guidance will have on its financial condition, results of operations and the presentation of its consolidated financial statements.

In July 2015, the FASB issued ASU No. 2015-11 "Simplifying the Measurement of Inventory (Topic 330)," which requires entities to measure inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based on one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out method or the retail inventory method, and defines NRV as the "estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU was adopted on a prospective basis by the Company on January 1, 2017. The adoption of ASU 2015-11 did not have any impact on the Company's financial condition or results of operations.

In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers.” ASU No. 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, to identify the performance obligations in the contract, to determine the transaction price, to allocate the transaction price to the performance obligations in the contract and to recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. During 2016, the FASB issued additional ASU’s which enhanced the originally issued guidance. These ASU’s encompassed narrow scope improvements and practical expedients along with providing further clarification on the accounting for intellectual property licenses, principal versus agent considerations and identifying performance obligations.

The Company has substantially completed the assessment phase for ASU No. 2014-09 and is finalizing the documentation of formal policies in anticipation of adopting the standard on January 1, 2018. The Company has identified a subset of contracts with customers where services are provided that are both uniquely beneficial and separately identifiable from product sales and thus are considered separate performance obligations under the new guidance. Each of these individual service activities is being documented in scenario development and processes are being established to recognize revenue for each unique performance obligation in accordance with the guidance, when effective. The Company continues to proactively address all potential areas of impact related to ASU No. 2014-09. To date, the Company has not identified any specific aspect of the new standard that it believes would significantly change the Company’s consolidated financial statements beyond adding the expanded disclosure that is required to comply with the ASU.

The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company currently anticipates adopting the standard using the modified retrospective method.


13


Item 2  Management’s Discussion and Analysis of Financial Condition and Results of Operations

Business Description and Overview

Badger Meter is an innovator in flow measurement, control and communication solutions, serving water utilities, municipalities, and commercial and industrial customers worldwide. The Company’s products measure water, oil, chemicals and other fluids, and are known for accuracy, long-lasting durability and for providing and communicating valuable and timely measurement data. The Company’s product lines fall into two categories: sales of water meters and related technologies to municipal water utilities (municipal water) and sales of meters to various industries for water and other fluids (flow instrumentation). The Company estimates that over 85% of its products are used in water applications when both categories are grouped together.

Municipal water, the largest category by sales volume, includes mechanical and ultrasonic (electronic) water meters and related technologies and services used by municipal water utilities as the basis for generating water and wastewater revenues. The key market for the Company’s municipal water meter products is North America, primarily the United States, because most of the Company's meters are designed and manufactured to conform to standards promulgated by the American Water Works Association. The majority of water meters sold by the Company continue to be mechanical in nature. In recent years, the Company has made inroads in selling ultrasonic water meters. The development of smaller diameter ultrasonic water meters combined with advanced radio technology now provides the Company with the opportunity to sell into other geographical markets, for example Europe, the Middle East and South America. In the municipal water category, sales of water meters and related technologies and services are also commonly referred to as residential or commercial water meter sales, the latter referring to larger sizes of water meters.

Flow instrumentation includes meters and valves sold worldwide to measure and control materials flowing through a pipe or pipeline including water, air, steam, oil, and other liquids and gases. These products are used in a variety of applications, primarily into the following industries: water/wastewater; heating, ventilating and air conditioning (HVAC); oil and gas; chemical and petrochemical; test and measurement; automotive aftermarket; and the concrete construction process. Furthermore, the Company’s flow instrumentation technologies are sold to original equipment manufacturers as the primary flow measurement device within a product or system.

Residential and commercial water meters are generally classified as either manually read meters or remotely read meters via radio technology. A manually read meter consists of a water meter and a register that provides a visual totalized meter reading. Meters equipped with radio technology (endpoints) receive flow measurement data from encoder registers attached to the water meter, which is encrypted and transmitted via radio frequency to a receiver that collects and formats the data appropriately for water utility billing systems. These remotely read, or mobile, systems are either automatic meter reading (AMR) systems, where a vehicle equipped for meter reading purposes, including a radio receiver, computer and reading software, collects the data from utilities’ meters; or fixed network advanced metering infrastructure (AMI) systems, where data is gathered utilizing a network of permanent data collectors or gateway receivers that are always active or listening for the radio transmission from the utilities’ meters. AMI systems eliminate the need for utility personnel to drive through service territories to collect data from the meters. These systems provide the utilities with more frequent and diverse data from their meters at specified intervals.

The ORION® family of radio endpoints provides water utilities with a range of industry-leading options for meter reading. These include ORION Migratable (ME) (for mobile meter reading), ORION Fixed Network (SE) (for traditional fixed network applications), and ORION Cellular (for infrastructure-free meter reading). ORION Migratable makes the migration to fixed network easier for utilities that prefer to start with mobile reading and later adopt fixed network communications, allowing utilities to choose a solution for their current needs and be positioned for their future operational changes. ORION Cellular eliminates the need for utility-owned fixed network infrastructure, allows for rapid deployment and decreases ongoing maintenance.

Critical to the water metering ecosystem is information and analytics. The Company’s BEACON AMA Managed Solution is the latest in metering technology. BEACON AMA combines the BEACON analytical software suite with proven ORION technologies using two-way fixed and cellular networks in a managed solution, improving utilities’ visibility of their water consumption and eliminating the need for costly utility-managed infrastructure.

The BEACON AMA secure, cloud-hosted software suite includes a customizable dashboard, the ability to establish alerts for specific conditions, and consumer engagement tools that allow end water customers to view and manage their water usage activity. Benefits to the utility include improved customer service, increased visibility through faster leak detection, the ability to promote and quantify the effects of its water conservation efforts, and easier compliance reporting.

14



The Company’s net sales and corresponding net earnings depend on unit volume and product mix, with the Company generally earning higher margins on meters equipped with radio technology. The Company’s proprietary radio products generally result in higher margins than the remarketed, non-proprietary technology products. The Company also sells registers and endpoints separately to customers who wish to upgrade their existing meters in the field.

Water meter replacement and the adoption and deployment of new technology comprise the majority of water meter product sales, including radio products. To a much lesser extent, housing starts also contribute to the new product sales base. Over the last decade, there has been a growing trend in the conversion from manually read water meters to radio technology. This conversion rate is accelerating and contributes to an increased water meter and radio solutions base of business. The Company estimates that approximately 55% of water meters installed in the United States have been converted to a radio solutions technology. The Company’s strategy is to fulfill customers’ metering expectations and requirements with its proprietary meter reading systems or other systems available through its alliance partners in the marketplace.

Flow instrumentation products serve flow measurement and control applications across a broad industrial spectrum, occasionally leveraging the same technologies used in the municipal water category. Specialized communication protocols that control the entire flow measurement process and mandatory certifications drive these markets. The Company’s specific flow measurement and control applications and technologies serve the flow measurement market through both customized and standard flow instrumentation solutions.

Industries today face accelerating demands to contain costs, reduce product variability, and meet ever-changing safety, regulatory and sustainability requirements. To address these challenges, customers must reap more value from every component in their systems. This system-wide scrutiny has heightened the focus on flow instrumentation in industrial process, manufacturing, commercial fluid, building automation, and precision engineering applications where flow measurement and control are critical.

An industry leader in both mechanical and electrical flow metering technologies, the Company offers one of the broadest flow measurement, control and communication portfolios in the market. The portfolio carries respected brand names including Recordall®, E-Series, ORION, Hedland®, Dynasonics®, Blancett®, and Research Control®, and includes eight of the ten major flow meter technologies. Customers rely on the Company for application-specific solutions that deliver accurate, timely and dependable flow data and control essential for product quality, cost control, safer operations, regulatory compliance, and more sustainable operations.

Business Trends

Increasingly, the electric utility industry relies on AMI technology for two-way communication to monitor and control electrical devices at the customer's site. Although the Company does not sell products for electric market applications, the trend toward AMI affects the markets in which the Company does participate, particularly for those customers in the water utility market that are interested in more frequent and diverse data collection. Specifically, AMI and AMA technologies enable water utilities to capture readings from each meter at more frequent and variable intervals. Similar to the electric utility industry’s conversion to solid-state meters in recent years, the water utility industry is beginning the conversion from mechanical to ultrasonic meters. Ultrasonic water metering has lower barriers to entry, which could affect the competitive landscape for the water meter market in North America.

The Company sells its technology solutions to meet customer requirements. Since the technology products have comparable margins, any change in the mix between AMR, AMI or AMA is not expected to have a significant impact on the Company's net sales related to meter reading technology.
    
There are approximately 52,000 water utilities in the United States and the Company estimates that approximately 55% of them have converted to a radio solutions technology. With the BEACON AMA managed solution and its wide breadth of water meters, the Company believes it is well positioned to meet customers' future needs.

In the global market, companies need to comply with increasing regulations requiring companies to better manage critical resources, monitor their use of hazardous materials, and reduce exhaust gases. Some customers measure fluids to identify leaks and/or misappropriation for cost control or add measurement points to help automate manufacturing. Other customers employ measurement to comply with government mandates and laws. The Company provides technology to measure water, hydrocarbon-based fluids, chemicals, gases and steams.


15


Flow measurements are critical to provide a baseline and quantify reductions as customers attempt to reduce consumption. Once water usage is better understood, a strategy for water-use reduction can be developed with specific water-reduction initiatives targeted to those areas where water reduction is most viable. With the Company’s technology, customers have found costly leaks, pinpointed equipment in need of repair, and identified areas for process improvements.

Acquisitions

On May 1, 2017, the Company acquired 100% of the outstanding common stock of D-Flow Technology AB ("D-Flow") of Luleå, Sweden. The D-Flow acquisition facilitates the continued advancement of the existing E-Series Ultrasonic product line while also adding a technology center for the Company. Sales of D-Flow products were approximately $0.7 million in the three months ended June 30, 2017.

The purchase price was approximately $23.2 million in cash, plus a small working capital adjustment. The purchase price included $5.1 million in payments that are anticipated to be made within eighteen months of the purchase date, of which $4.1 million is recorded in payables on the Consolidated Balance Sheets at June 30, 2017 and $1.0 million is recorded in long-term liabilities. The Company's preliminary allocation of the purchase price included approximately $0.3 million in receivables, $0.6 million in inventory, $0.2 million in machinery and equipment, $10.9 million of intangibles and $11.8 million of goodwill. The majority of the intangible assets acquired related to ultrasonic technology. The Company also assumed $0.6 million of liabilities as part of the acquisition. As of June 30, 2017, the Company had not completed its analysis for estimating the fair value of the assets acquired. This acquisition is further described in Note 5 “Acquisitions” in the Notes to Consolidated Condensed Financial Statements.

On October 20, 2016, the Company acquired certain assets of Precision Flow Measurement, Inc., doing business as Nice Instrumentation, of Manalapan Township, New Jersey. The acquisition added a new technology for the measurement of steam to the Company's HVAC line of products.

The total purchase consideration for the Nice Instrumentation assets was $2.0 million, which included a $0.2 million payment that was made after the first production run that occurred in January 2017. The Company's preliminary allocation of the purchase price at December 31, 2016 included approximately $15,000 of inventory and equipment, $0.7 million of intangibles and $1.3 million of goodwill. The Company completed its analysis for estimating the fair value of the assets acquired in the first quarter of 2017 with no further adjustments. This acquisition is further described in Note 5 “Acquisitions” in the Notes to Consolidated Condensed Financial Statements.

Revenue and Product Mix

As the industry continues to evolve, the Company has been vigilant in anticipating and exceeding customer expectations. In 2011, the Company introduced AMA as a hardware and software solution for water and gas utilities, and then in early 2014 launched its new BEACON AMA system, as a managed solution, which it believes will help maintain the Company's position as a market leader. Since its inception, sales of BEACON AMA have continued to grow with both municipalities and private water utilities selecting BEACON AMA and the Company’s industry-leading water meters.

The Company continues to seek opportunities for additional revenue enhancement. For instance, the Company is periodically asked to oversee and perform field installation of its products for certain customers. The Company assumes the role of general contractor, hiring installation subcontractors and supervising their work. The Company also supports its product and technology sales with the sale of extended service programs that provide additional services beyond the standard warranty. In recent years, the Company has sold ORION radio technology to natural gas utilities for installation on their gas meters. And most recently, the introduction of the BEACON AMA system opens the door to “software as a service” revenues. With the exception of a large sale of gas radios to one particular customer several years ago, revenues from such products and services are not yet significant and the Company is uncertain of the potential growth achievable for such products and services in future periods.

Results of Operations - Three Months Ended June 30, 2017

The Company’s net sales for the three months ended June 30, 2017 increased $0.4 million, or 0.4%, to $104.2 million compared to $103.8 million during the same period in 2016.

Municipal water sales represented 76.8% of sales in the second quarter of 2017 compared to 77.1% in the second quarter of 2016. These sales increased $0.1 million, or 0.1%, to $80.1 million in the second quarter of 2017 from $80.0 million in the second quarter of 2016. Included in the second quarter of 2017 was approximately $0.7 million of sales from D-Flow,

16


which was acquired on May 1, 2017. The relatively small change between the quarters was the net impact of slightly lower water meter volumes and slightly higher radio volumes, higher prices and product mix.

Flow instrumentation products represented 23.2% of sales for the three months ended June 30, 2017 compared to 22.9% during the same period in 2016. These sales increased $0.3 million, or 1.3%, to $24.1 million from $23.8 million in the same period last year. Improvement in the domestic oil and gas market as well as other domestic markets was offset by lower international sales due to economic conditions.

Gross margin as a percentage of sales was 39.4% in the second quarter of 2017 compared to 37.9% in the second quarter of 2016. The improvement was due to pricing discipline, favorable foreign exchange on purchased products and product mix, offset somewhat by higher brass costs.

Selling, engineering and administration expenses for the three months ended June 30, 2017 were nearly the same as the second quarter of 2016. Reductions in staffing costs and favorable health care expenses helped offset increases from normal inflationary pressures.

Operating earnings for the second quarter of 2017 increased $1.7 million, or 11.4%, to $16.6 million compared to $14.9 million in the same period in 2016. The increase was due primarily to the higher gross profit as sales and selling, engineering and administration expenses were relatively flat between periods.

The provision for income taxes as a percentage of earnings before income taxes for the second quarter of 2017 was 35.5% compared to 36.0% in the second quarter of 2016. Interim provisions are tied to an estimate of the overall annual rate that can vary due to state taxes, the relationship of foreign and domestic earnings, and production and other credits available.
    
As a result of the above-mentioned items, net earnings for the three months ended June 30, 2017 were $10.6 million, or $0.36 per diluted share, compared to $9.4 million, or $0.32 per diluted share, for the same period in 2016.

Results of Operations - Six Months Ended June 30, 2017
    
The Company’s net sales for the six months ended June 30, 2017 increased $1.4 million, or 0.7%, to $205.8 million compared to $204.4 million during the same period in 2016.
    
Municipal water sales represented 76.9% of sales for the first six months of 2017 compared to 77.0% for the first six months of 2016. These sales increased $1.0 million, or 0.6%, to $158.3 million from $157.3 million in 2016. The increase was the net impact of higher commercial meter sales offset by slightly lower residential sales, which also included approximately $0.7 million of sales from D-Flow, which was acquired on May 1, 2017. While domestic residential meter and related technologies sales increased, international sales were down over the same period in 2016, particularly in the Middle East, where sales tend to be sporadic.

Flow instrumentation products represented 23.1% of sales for the six months ended June 30, 2017 compared to 23.0% in the same period in 2016. These sales increased $0.4 million, or 0.8%, to $47.5 million for the first six months of 2017 compared to $47.1 million in the same period last year. Improvement in the domestic oil and gas market as well as other domestic markets was offset by lower international sales due to economic conditions.

Gross margin as a percentage of sales was 38.7% for the first six months of 2017 compared to 38.4% in the same period in 2016. The modest increase was the net impact of pricing discipline, the impact of higher volume on plant utilization, and product mix, offset somewhat by increased brass costs and higher obsolescence charges.

Selling, engineering and administration expenses for the six months ended June 30, 2017 decreased $1.1 million, or 2.2%, to $49.6 million from $50.7 million in the same period in 2016. The decrease was due to lower staffing costs and favorable healthcare expenses, offset somewhat by a $0.5 million write down of an investment in an emerging technology company and normal inflationary increases.

Operating earnings for the first six months of 2017 increased $2.4 million, or 8.7%, to $30.1 million compared to $27.7 million in the same period in 2016 as a result of the higher overall sales, increased gross margins and lower selling, engineering and administration expenses.

17



The provision for income taxes as a percentage of earnings before income taxes for the first six months of 2017 was 34.9% compared to 36.1% for the same period in 2016. Interim provisions are tied to an estimate of the overall annual rate that can vary due to state taxes, the relationship of foreign and domestic earnings and production credits available. The provision for the six months ended June 30, 2017 also includes the impacts of certain discrete credits.

As a result of the above-mentioned items, net earnings for the six months ended June 30, 2017 were $19.4 million, or $0.67 per diluted share, compared to $17.4 million, or $0.60 per diluted share, for the same period in 2016.

Liquidity and Capital Resources

The main sources of liquidity for the Company are cash from operations and borrowing capacity. Cash provided by operations was $37.3 million for the first six months of 2017 compared to $27.7 million through the first six months of 2016. The increase was due the higher earnings and efforts to control inventory balances. The June 30, 2017 cash amount includes approximately $4.7 million of cash denominated in Swedish krona, which is anticipated to be used in the next 12-18 months to satisfy an equal amount of Swedish denominated liabilities that arose from the acquisition of D-Flow.

Receivables increased from $59.8 million at December 31, 2016 to $64.4 million at June 30, 2017. The higher receivable balance was due to higher sales in the second quarter of 2017 compared to the fourth quarter of 2016. Generally, receivable balances are lower at year-end than at other times of the year. The Company believes its net receivables balance is fully collectible.

Inventories decreased to $73.9 million at June 30, 2017 from $77.7 million at December 31, 2016 due to higher sales and the timing of inventory purchases.

Net property, plant and equipment at June 30, 2017 increased to $91.5 million from $90.2 million at December 31, 2016. This was the net effect of $6.8 million of capital expenditures in the first half of 2017, which was offset somewhat by depreciation expense.

Intangible assets increased to $60.0 million at June 30, 2017 from $51.9 million at December 31, 2016 due to the acquisition of D-Flow, offset somewhat by normal amortization expense.

Short-term debt at June 30, 2017 increased to $45.6 million from $38.0 million at December 31, 2016 due primarily to the acquisition of D-Flow.

Payables of $23.9 million at June 30, 2017 increased from $18.4 million at December 31, 2016. These balances were impacted by the timing of purchases and payments. The June 30, 2017 balance also includes approximately $4.1 million of Swedish krona denominated liabilities related to the acquisition of D-Flow.

Accrued compensation and employee benefits decreased to $11.1 million at June 30, 2017 from $13.9 million at December 31, 2016 due primarily to payments made in 2017 for prior year employee incentives, offset somewhat by employee incentive compensation earned to date in 2017.

Income and other taxes payable increased to $6.6 million at June 30, 2017 from $2.9 million at December 31, 2016. The change was the net impact of higher pretax earnings and the timing of actual tax payments.

The overall increase in total shareholders’ equity from $256.2 million at December 31, 2016 to $269.4 million at June 30, 2017 was the net effect of net earnings and stock options exercised, offset by dividends paid and repurchased stock.

The Company’s financial condition remains strong. In September 2016, the Company amended its May 2012 credit agreement with its primary lender to a three-year $125.0 million line of credit that supports commercial paper (up to $70.0 million) and includes $5.0 million of a Euro line of credit. While the facility is unsecured, there are a number of financial covenants with which the Company must comply, and the Company was in compliance as of June 30, 2017. The Company believes that its operating cash flows, available borrowing capacity, and its ability to raise capital provide adequate resources to fund ongoing operating requirements, future capital expenditures and the development of new products. The Company continues to take advantage of its local commercial paper market and carefully monitors the current borrowing market. The Company had $87.4 million of unused credit lines available at June 30, 2017.


18


Other Matters

In the normal course of business, the Company is named in legal proceedings. There are currently no material legal proceedings pending with respect to the Company. The more significant legal proceedings are discussed below.

The Company is subject to contingencies related to environmental laws and regulations. The Company is named as one of many potentially responsible parties in two landfill lawsuits. The landfill sites are impacted by the Federal Comprehensive Environmental Response, Compensation and Liability Act and other environmental laws and regulations. At this time, the Company does not believe the ultimate resolution of these matters will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based on the Company’s assessment of its limited past involvement with these landfill sites as well as the substantial involvement of and government focus on other named third parties with these landfill sites. However, due to the inherent uncertainties of such proceedings, the Company cannot predict the ultimate outcome of any of these matters. A future change in circumstances with respect to these specific matters or with respect to sites formerly or currently owned or operated by the Company, off-site disposal locations used by the Company, and property owned by third parties that is near such sites, could result in future costs to the Company and such amounts could be material. Expenditures for compliance with environmental control provisions and regulations during 2016 and the first half of 2017 were not material.
    
Like other companies in recent years, the Company is named as a defendant in numerous pending multi-claimant/multi-defendant lawsuits alleging personal injury as a result of exposure to asbestos, manufactured by third parties, and in the past may have been integrated into or sold with a very limited number of the Company’s products. The Company is vigorously defending itself against these claims. Although it is not possible to predict the ultimate outcome of these matters, the Company does not believe the ultimate resolution of these issues will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based in part on the fact that no claimant has proven or substantially demonstrated asbestos exposure caused by products manufactured or sold by the Company and that a number of cases have been voluntarily dismissed.

See the “Special Note Regarding Forward Looking Statements” at the front of this Quarterly Report on Form 10-Q and Part I, Item 1A “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 for a discussion of risks and uncertainties that could impact the Company’s financial performance and results of operations.

Off-Balance Sheet Arrangements and Contractual Obligations

The Company’s off-balance sheet arrangements and contractual obligations are discussed in Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the headings “Off-Balance Sheet Arrangements” and “Contractual Obligations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and have not materially changed since that report was filed unless otherwise indicated in this Form 10-Q.

Item 3    Quantitative and Qualitative Disclosures about Market Risk

The Company’s quantitative and qualitative disclosures about market risk are included in Part II, Item 7 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the heading “Market Risks” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and have not materially changed since that report was filed.

Item 4    Controls and Procedures

Evaluation of Disclosure Controls and Procedures

In accordance with Rule 13a-15(b) of the Securities Exchange Act of 1934 (the “Exchange Act”), the Company’s management evaluated, with the participation of the Company’s Chairman, President and Chief Executive Officer and the Company’s Senior Vice President - Finance, Chief Financial Officer and Treasurer, the effectiveness of the design and operation of the Company’s disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) as of the end of the quarter ended June 30, 2017. Based upon their evaluation of these disclosure controls and procedures, the Company’s Chairman, President and Chief Executive Officer and the Company’s Senior Vice President - Finance, Chief Financial Officer and Treasurer concluded that, as of the date of such evaluation, the Company’s disclosure controls and procedures were effective.


19


Changes in Internal Control over Financial Reporting

There was no change in the Company’s internal control over financial reporting that occurred during the quarter ended June 30, 2017 that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting.




20


Part II – Other Information
Item 6  Exhibits

Exhibit No.
 
Description
 
 
 
31.1
 
Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 
 
31.2
 
Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 
 
32
 
Certification of Periodic Financial Report by the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
 
101
 
The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Condensed Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Condensed Statements of Cash Flows, (v) Notes to Unaudited Consolidated Condensed Financial Statements, tagged as blocks of text and (vi) document and entity information.


21


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.
 
 
 
BADGER METER, INC.
 
 
 
Dated: July 26, 2017
 
By
 
/s/ Richard A. Meeusen
 
 
 
 
Richard A. Meeusen
 
 
 
 
Chairman, President and Chief Executive Officer
 
 
 
 
 
By
 
/s/ Richard E. Johnson
 
 
 
 
Richard E. Johnson
 
 
 
 
Senior Vice President – Finance, Chief Financial Officer and Treasurer
 
 
 
 
 
By
 
/s/ Beverly L. P. Smiley
 
 
 
 
Beverly L. P. Smiley
 
 
 
 
Vice President – Controller


22


BADGER METER, INC.

Quarterly Report on Form 10-Q for the Period Ended June 30, 2017

Exhibit Index
 
Exhibit No.
 
Description
 
 
 
31.1
 
Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 
 
31.2
 
Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 
 
32
 
Certification of Periodic Financial Report by the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
 
101
 
The following materials from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2017 formatted in Extensible Business Reporting Language (XBRL): (i) the Consolidated Condensed Balance Sheets, (ii) the Consolidated Statements of Operations, (iii) the Consolidated Statements of Comprehensive Income, (iv) the Consolidated Condensed Statements of Cash Flows, (v) Notes to Unaudited Consolidated Condensed Financial Statements, tagged as blocks of text and (vi) document and entity information.

23
EX-31.1 2 bmi06302017ex311.htm EXHIBIT 31.1 Exhibit


Exhibit 31.1
Certification of Chairman, President and Chief Executive Officer
Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a)
or 15d-14(a) under the Securities Exchange Act of 1934
I, Richard A. Meeusen, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q of Badger Meter, Inc.;
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(s) 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(s) 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.


Dated:
July 26, 2017
 
 
 
By
 
/s/ Richard A. Meeusen
 
 
 
 
 
 
 
Richard A. Meeusen
 
 
 
 
 
 
 
Chairman, President and Chief Executive Officer



EX-31.2 3 bmi06302017ex312.htm EXHIBIT 31.2 Exhibit


Exhibit 31.2
Certification of Senior Vice President - Finance, Chief Financial Officer and Treasurer
Pursuant to Section 302 of the Sarbanes-Oxley Act and Rule 13a-14(a)
or 15d-14(a) under the Securities Exchange Act of 1934
I, Richard E. Johnson, certify that:
1.
I have reviewed this Quarterly Report on Form 10-Q of Badger Meter, Inc.;
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(s) 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(s) 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.


Dated:
July 26, 2017
 
 
 
By
 
/s/ Richard E. Johnson
 
 
 
 
 
 
 
Richard E. Johnson
 
 
 
 
 
 
 
Senior Vice President - Finance, Chief Financial Officer and Treasurer



EX-32 4 bmi06302017ex32.htm EXHIBIT 32 Exhibit


Exhibit 32
Written Statement of the Chief Executive Officer and Chief Financial Officer
Pursuant to 18 U.S.C. §1350
Solely for the purpose of complying with 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, we, the undersigned Chief Executive Officer and Chief Financial Officer of Badger Meter, Inc., a Wisconsin corporation (the “Company”), hereby certify, based on our knowledge, that the Quarterly Report on Form 10-Q of the Company for the quarter ended June 30, 2017 (the “Report”) fully complies with the requirements of Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 and that information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated:
July 26, 2017
 
 
 
By
 
/s/ Richard A. Meeusen
 
 
 
 
 
 
 
Richard A. Meeusen
 
 
 
 
 
 
 
Chairman, President and Chief Executive Officer
 
 
 
 
 
 
 
 
 
 
 
 
 
By
 
/s/ Richard E. Johnson
 
 
 
 
 
 
 
Richard E. Johnson
 
 
 
 
 
 
 
Senior Vice President - Finance, Chief Financial Officer and Treasurer



EX-101.INS 5 bmi-20170630.xml XBRL INSTANCE DOCUMENT 0000009092 2017-01-01 2017-06-30 0000009092 2017-07-13 0000009092 2017-06-30 0000009092 2016-12-31 0000009092 2016-01-01 2016-06-30 0000009092 2017-04-01 2017-06-30 0000009092 2016-04-01 2016-06-30 0000009092 2016-06-30 0000009092 2015-12-31 0000009092 2016-03-31 0000009092 2017-03-31 0000009092 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2017-01-01 2017-06-30 0000009092 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2016-01-01 2016-06-30 0000009092 us-gaap:PensionPlansDefinedBenefitMember 2017-01-01 2017-06-30 0000009092 us-gaap:PensionPlansDefinedBenefitMember 2016-01-01 2016-06-30 0000009092 us-gaap:PensionPlansDefinedBenefitMember 2017-04-01 2017-06-30 0000009092 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2016-04-01 2016-06-30 0000009092 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2017-04-01 2017-06-30 0000009092 us-gaap:PensionPlansDefinedBenefitMember 2016-04-01 2016-06-30 0000009092 us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember 2016-12-31 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2016-01-01 2016-06-30 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2015-12-31 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-01-01 2016-06-30 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-06-30 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2016-06-30 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2015-12-31 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-01-01 2017-06-30 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-06-30 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2016-12-31 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2017-01-01 2017-06-30 0000009092 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2016-12-31 0000009092 us-gaap:AccumulatedTranslationAdjustmentMember 2017-06-30 0000009092 bmi:NiceInstrumentsMember us-gaap:TechnologyBasedIntangibleAssetsMember 2016-01-01 2016-12-31 0000009092 bmi:NiceInstrumentsMember 2016-10-20 2016-10-20 0000009092 bmi:DFlowTechnologyABMember 2017-05-01 0000009092 bmi:DFlowTechnologyABMember 2017-06-30 0000009092 bmi:DFlowTechnologyABMember 2017-04-01 2017-06-30 0000009092 bmi:NiceInstrumentsMember 2016-12-31 0000009092 bmi:DFlowTechnologyABMember 2017-05-01 2017-05-01 0000009092 bmi:NiceInstrumentsMember 2017-01-01 2017-01-31 0000009092 bmi:LandfillLawsuitMember 2017-06-30 0000009092 bmi:LandfillLawsuitMember 2017-01-01 2017-06-30 iso4217:USD xbrli:shares bmi:potentially_responsible_party xbrli:shares xbrli:pure iso4217:USD bmi:lawsuit P18M 15000 -108000 -85000 false --12-31 Q2 2017 2017-06-30 10-Q 0000009092 29113132 Large Accelerated Filer BADGER METER INC 18350000 23891000 4100000 59818000 64426000 110784000 116303000 -12780000 -11968000 -812000 -12301000 -11778000 -523000 -11635000 -10495000 -1140000 -10141000 -10341000 200000 P15Y 28022000 30148000 5675000 5994000 10306000 17982000 -100000 -100000 349699000 378746000 151012000 156499000 1 2000000 5100000 700000 300000 200000 700000 10900000 600000 600000 8163000 6866000 7338000 13850000 -1297000 6512000 0.1 0.20 0.115 0.23 37122000 37158000 9206000 17869000 11734000 20857000 64424000 125983000 63122000 126078000 131000 -53000 700000 0 1901000 1638000 5979000 5753000 0 -154000 0 -311000 24000 -141000 24000 -276000 -7000 0 -13000 0 -7000 0 -13000 0 68000 400000 0 538000 0 1087000 0 396000 0 798000 65000 450000 129000 905000 66000 469000 117000 787000 91000 114000 185000 184000 63000 203000 143000 278000 33000 48000 69000 55000 28000 -11000 63000 13000 5603000 5997000 0.33 0.60 0.37 0.67 0.32 0.60 0.36 0.67 -13000 558000 0.360 0.361 0.355 0.349 13861000 11116000 51872000 60027000 49314000 1300000 61156000 11800000 39396000 78407000 41054000 79704000 14694000 27230000 16444000 29735000 5294000 9840000 5830000 10372000 4652000 3754000 1778000 -4759000 4016000 7453000 -122000 3734000 -228000 -498000 -147000 -325000 18087000 17446000 77701000 73888000 42457000 39035000 17157000 17407000 349699000 378746000 75838000 90272000 1 2 -23467000 -6253000 -5513000 -25138000 27696000 37345000 9400000 17390000 10614000 19363000 14922000 27728000 16591000 30060000 6607000 9606000 13000 13000 -288000 289000 1049000 1340000 289000 0 289000 1340000 0 1340000 479000 190000 289000 1494000 154000 1340000 -298000 -239000 -94000 -190000 -71000 -154000 311000 252000 4019000 5813000 1000000 5753000 5864000 0 3288000 5791000 6673000 200000 23200000 0 18376000 5513000 6762000 437000 541000 6155000 4335000 -17810000 2161000 72000 533000 62000 1014000 2779000 3064000 610000 863000 440000 46000 200978000 207761000 90194000 91458000 -190000 -190000 0 -154000 -154000 0 223876000 236563000 103820000 204390000 104176000 205782000 24474000 50679000 24463000 49644000 752000 779000 37950000 45560000 3133000 3561000 3513000 2779000 2548000 3064000 1056000 1721000 1155000 1744000 398000 1238000 1231000 1983000 256209000 269406000 2898000 6641000 20562000 23708000 614000 614000 164331 159597 159369 170824 29051409 29028391 29097820 29109675 28887078 28868794 28938451 28938851 <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Additional Financial Information Disclosures</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The consolidated condensed balance sheet at </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> was derived from amounts included in the Company&#8217;s Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;">. Refer to the footnotes to the financial statements included in that report for a description of the Company&#8217;s accounting policies and for additional details of the Company&#8217;s financial condition. The details in those notes have not changed except as discussed below and as a result of normal adjustments in the interim.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Warranty and After-Sale Costs</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company estimates and records provisions for warranties and other after-sale costs in the period in which the sale is recorded, based on a lag factor and historical warranty claim experience. After-sale costs represent a variety of activities outside of the written warranty policy, such as investigation of unanticipated problems after the customer has installed the product, or analysis of water quality issues. Changes in the Company&#8217;s warranty and after-sale costs reserve are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Three&#160;months&#160;ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Six months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,548</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,561</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,779</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,133</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net additions charged to earnings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,238</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjustments to pre-existing warranties</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">440</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">610</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">863</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,155</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,056</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,064</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,513</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,064</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,513</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Acquisitions</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On </font><font style="font-family:inherit;font-size:10pt;">May&#160;1, 2017</font><font style="font-family:inherit;font-size:10pt;">, the Company acquired </font><font style="font-family:inherit;font-size:10pt;">100%</font><font style="font-family:inherit;font-size:10pt;"> of the outstanding common stock of D-Flow Technology AB ("D-Flow") of Lule&#229;, Sweden. The D-Flow acquisition facilitates the continued advancement of the existing E-Series&#174; Ultrasonic product line while also adding a technology center for the Company. Sales of D-Flow products were approximately </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> in the three months ended June 30, 2017. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The purchase price was approximately </font><font style="font-family:inherit;font-size:10pt;">$23.2 million</font><font style="font-family:inherit;font-size:10pt;"> in cash, plus a small working capital adjustment. The purchase price included </font><font style="font-family:inherit;font-size:10pt;">$5.1 million</font><font style="font-family:inherit;font-size:10pt;"> in payments that are anticipated to be made within </font><font style="font-family:inherit;font-size:10pt;">eighteen months</font><font style="font-family:inherit;font-size:10pt;"> of the purchase date, of which </font><font style="font-family:inherit;font-size:10pt;">$4.1 million</font><font style="font-family:inherit;font-size:10pt;"> is recorded in payables on the Consolidated Balance Sheets at June 30, 2017 and </font><font style="font-family:inherit;font-size:10pt;">$1.0 million</font><font style="font-family:inherit;font-size:10pt;"> is recorded in long-term liabilities. The Company's preliminary allocation of the purchase price included approximately </font><font style="font-family:inherit;font-size:10pt;">$0.3 million</font><font style="font-family:inherit;font-size:10pt;"> in receivables, </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> in inventory, </font><font style="font-family:inherit;font-size:10pt;">$0.2 million</font><font style="font-family:inherit;font-size:10pt;"> in machinery and equipment, </font><font style="font-family:inherit;font-size:10pt;">$10.9 million</font><font style="font-family:inherit;font-size:10pt;"> of intangibles and </font><font style="font-family:inherit;font-size:10pt;">$11.8 million</font><font style="font-family:inherit;font-size:10pt;"> of goodwill. The majority of the intangible assets acquired related to ultrasonic technology. The Company also assumed </font><font style="font-family:inherit;font-size:10pt;">$0.6 million</font><font style="font-family:inherit;font-size:10pt;"> of liabilities as part of the acquisition. As of June&#160;30, 2017, the Company had not completed its analysis for estimating the fair value of the assets acquired. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The D-Flow acquisition was accounted for under the purchase method, and accordingly, the results of operations were included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">On October 20, 2016, the Company acquired certain assets of Precision Flow Measurement, Inc., doing business as Nice Instrumentation, of Manalapan Township, New Jersey. The acquisition added a new technology for the measurement of steam to the Company's HVAC line of products. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The total purchase consideration for the Nice Instrumentation assets was </font><font style="font-family:inherit;font-size:10pt;">$2.0 million</font><font style="font-family:inherit;font-size:10pt;">, which included a </font><font style="font-family:inherit;font-size:10pt;">$0.2</font><font style="font-family:inherit;font-size:10pt;"> million payment that was made after the first production run that occurred in January 2017. The Company's preliminary allocation of the purchase price at December 31, 2016 included approximately </font><font style="font-family:inherit;font-size:10pt;">$15,000</font><font style="font-family:inherit;font-size:10pt;"> of inventory and equipment, </font><font style="font-family:inherit;font-size:10pt;">$0.7 million</font><font style="font-family:inherit;font-size:10pt;"> of intangibles and </font><font style="font-family:inherit;font-size:10pt;">$1.3 million</font><font style="font-family:inherit;font-size:10pt;"> of goodwill. The intangible assets acquired are primarily customer technology with an estimated average useful life of </font><font style="font-family:inherit;font-size:10pt;">15 years</font><font style="font-family:inherit;font-size:10pt;">. The preliminary allocation of the purchase price to the assets acquired was based upon the estimated fair values at the date of acquisition. The Company completed its analysis for estimating the fair value of the assets acquired in the first quarter of 2017 with no additional adjustments. </font></div><div style="line-height:120%;text-align:left;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Nice Instrumentation acquisition was accounted for under the purchase method, and accordingly, the results of operations were included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Contingencies, Litigation and Commitments</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the normal course of business, the Company is named in legal proceedings. There are currently no material legal proceedings pending with respect to the Company. The more significant legal proceedings are discussed below.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is subject to contingencies related to environmental laws and regulations. The Company is named as </font><font style="font-family:inherit;font-size:10pt;">one</font><font style="font-family:inherit;font-size:10pt;"> of many potentially responsible parties in </font><font style="font-family:inherit;font-size:10pt;">two</font><font style="font-family:inherit;font-size:10pt;"> landfill lawsuits. The landfill sites are impacted by the Federal Comprehensive Environmental Response, Compensation and Liability Act and other environmental laws and regulations. At this time, the Company does not believe the ultimate resolution of these matters will have a material adverse effect on the Company&#8217;s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based on the Company&#8217;s assessment of its limited past involvement with these landfill sites as well as the substantial involvement of and government focus on other named third parties with these landfill sites. However, due to the inherent uncertainties of such proceedings, the Company cannot predict the ultimate outcome of any of these matters. A future change in circumstances with respect to these specific matters or with respect to sites formerly or currently owned or operated by the Company, off-site disposal locations used by the Company, and property owned by third parties that is near such sites, could result in future costs to the Company and such amounts could be material. Expenditures for compliance with environmental control provisions and regulations during </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> and the first half of </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> were not material.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Like other companies in recent years, the Company is named as a defendant in numerous pending multi-claimant/multi-defendant lawsuits alleging personal injury as a result of exposure to asbestos, manufactured by third parties, and in the past may have been integrated into or sold with a very limited number of the Company&#8217;s products. The Company is vigorously defending itself against these claims. Although it is not possible to predict the ultimate outcome of these matters, the Company does not believe the ultimate resolution of these issues will have a material adverse effect on the Company&#8217;s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based in part on the fact that no claimant has proven or substantially demonstrated asbestos exposure caused by products manufactured or sold by the Company and that a number of cases have been voluntarily dismissed.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company relies on single suppliers for most brass castings and certain electronic subassemblies in several of its product lines. The Company believes these items would be available from other sources, but that the loss of certain suppliers would result in a higher cost of materials, delivery delays, short-term increases in inventory and higher quality control costs in the short term. The Company attempts to mitigate these risks by working closely with key suppliers, purchasing minimal amounts from alternative suppliers and by purchasing business interruption insurance where appropriate. &#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company reevaluates its exposures on a periodic basis and makes adjustments to reserves as appropriate.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Accumulated Other Comprehensive Loss</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Components of and changes in accumulated other comprehensive loss at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:56%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unrecognized pension and postretirement benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Foreign currency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,495</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,140</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,635</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income before reclassifications</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net current period other comprehensive income, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,340</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,494</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated other comprehensive (loss) income</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,341</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,141</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of reclassifications out of accumulated other comprehensive loss during the six months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:86%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Amount reclassified from accumulated other comprehensive loss</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of defined benefit pension items:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior service benefit (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of actuarial loss (1)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total before tax</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(85</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amount reclassified out of accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 &#8220;Employee Benefit Plans.&#8221;</font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Components of and changes in accumulated other comprehensive loss at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:56%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unrecognized pension and postretirement benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Foreign currency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,968</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(812</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,780</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income before reclassifications</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net current period other comprehensive income, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">479</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,778</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(523</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,301</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of reclassifications out of accumulated other comprehensive loss during the six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:86%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Amount reclassified from accumulated other comprehensive loss</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of defined benefit pension items:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior service cost (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of actuarial loss (1)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total before tax</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">298</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amount reclassified out of accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 &#8220;Employee Benefit Plans.&#8221;</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Fair Value Measurements of Financial Instruments</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company applies the accounting standards for fair value measurements and disclosures for its financial assets and financial liabilities. The carrying amounts of cash, receivables and payables in the financial statements approximate their fair values due to the short-term nature of these financial instruments. Short-term debt is comprised of notes payable drawn against the Company's lines of credit and commercial paper. Because of its short-term nature, the carrying amount of the short-term debt also approximates fair value. Included in other assets are insurance policies on various individuals who were associated with the Company. The carrying amounts of these insurance policies approximate their fair value.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Income Taxes</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The provision for income taxes as a percentage of earnings before income taxes for the second quarter of </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> was </font><font style="font-family:inherit;font-size:10pt;">35.5%</font><font style="font-family:inherit;font-size:10pt;"> compared to </font><font style="font-family:inherit;font-size:10pt;">36.0%</font><font style="font-family:inherit;font-size:10pt;"> in the second quarter of </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">. The provision for income taxes as a percentage of earnings before income taxes for the first half of 2017 was </font><font style="font-family:inherit;font-size:10pt;">34.9%</font><font style="font-family:inherit;font-size:10pt;"> compared to </font><font style="font-family:inherit;font-size:10pt;">36.1%</font><font style="font-family:inherit;font-size:10pt;"> in the first half of 2016. Interim provisions are tied to an estimate of the overall annual rate which can vary due to state taxes, the relationship of foreign and domestic earnings, and production credits available. These items cause variations between periods.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Pronouncements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2017-09, &#8220;Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,&#8221; which clarifies when a change to terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the vesting condition, fair value or the award classification is not the same both before and after a change to the terms and conditions of the award. The new guidance is effective on a prospective basis beginning on January 1, 2018 and early adoption is permitted. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements as it is not the Company&#8217;s practice to change the terms or conditions of share-based payment awards after they are granted.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07 &#8220;Compensation &#8211; Retirement Benefits (Topic 715)&#8221;, which changes the presentation of defined benefit and post-retirement benefit plan expense on the income statement by requiring separation between operating and non-operating expense. Under the ASU, the service cost of net periodic benefit expense is an operating expense that will be reported with similar compensation costs. The non-operating components, which include all other components of net periodic benefit expense, are reported outside of operating income. The ASU also stipulates that only the service cost component of pension and postretirement benefit costs is eligible for capitalization. The ASU is effective for annual periods beginning after December 15, 2017 and interim periods within that annual period. Application is retrospective for the presentation of the components of these benefit costs and prospective for the capitalization of service costs. The Company's net periodic benefit cost components are disclosed in Note 3 "Employee Benefit Plans".</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill: Simplifying the Test for Goodwill Impairment." The update requires a single-step quantitative test to measure potential impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment can still be completed first for an entity to determine if a quantitative impairment test is necessary. The ASU is effective for fiscal year 2021 and is to be adopted on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company anticipates that the adoption of this standard will have no impact on its consolidated financial statements. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)," which requires lessees to record most leases on their balance sheets. Lessees initially recognize a lease liability (measured at the present value of the lease payments over the lease term) and a right-of-use ("ROU") asset (measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee's initial direct costs). Lessees can make an accounting policy election not to recognize ROU assets and lease liabilities for leases with a lease term of 12 months or less as long as the leases do not include options to purchase the underlying assets that the lessee is reasonably certain to exercise. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The ASU is effective for the Company beginning on January 1, 2019 and early adoption is permitted. The standard requires the use of a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is continuing to evaluate the impact that the adoption of this guidance will have on its financial condition, results of operations and the presentation of its consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU No. 2015-11 "Simplifying the Measurement of Inventory (Topic 330)," which requires entities to measure inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based on one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out method or the retail inventory method, and defines NRV as the "estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU was adopted on a prospective basis by the Company on January 1, 2017. The adoption of ASU 2015-11 did not have any impact on the Company's financial condition or results of operations.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU No. 2014-09 &#8220;Revenue from Contracts with Customers.&#8221; ASU No. 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, to identify the performance obligations in the contract, to determine the transaction price, to allocate the transaction price to the performance obligations in the contract and to recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. During 2016, the FASB issued additional ASU&#8217;s which enhanced the originally issued guidance. These ASU&#8217;s encompassed narrow scope improvements and practical expedients along with providing further clarification on the accounting for intellectual property licenses, principal versus agent considerations and identifying performance obligations. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has substantially completed the assessment phase for ASU No. 2014-09 and is finalizing the documentation of formal policies in anticipation of adopting the standard on January 1, 2018. The Company has identified a subset of contracts with customers where services are provided that are both uniquely beneficial and separately identifiable from product sales and thus are considered separate performance obligations under the new guidance. Each of these individual service activities is being documented in scenario development and processes are being established to recognize revenue for each unique performance obligation in accordance with the guidance, when effective. The Company continues to proactively address all potential areas of impact related to ASU No. 2014-09. To date, the Company has not identified any specific aspect of the new standard that it believes would significantly change the Company&#8217;s consolidated financial statements beyond adding the expanded disclosure that is required to comply with the ASU.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company currently anticipates adopting the standard using the modified retrospective method.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In the opinion of management, the accompanying unaudited consolidated condensed financial statements of Badger Meter, Inc. (the &#8220;Company&#8221; or &#8220;Badger Meter&#8221;) contain all adjustments (consisting only of normal recurring accruals except as otherwise discussed) necessary to present fairly the Company&#8217;s consolidated condensed financial position at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, results of operations for the three- and six-month periods ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, comprehensive income for the three- and six-month periods ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, and cash flows for the six-month periods ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Employee Benefit Plans</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company maintains a non-contributory defined benefit pension plan that covers substantially all U.S. employees who were employed at December&#160;31, 2011. After that date, no further benefits are being accrued in this plan. For the frozen pension plan, benefits are based primarily on years of service and, for certain plans, levels of compensation. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company also maintains supplemental non-qualified plans for certain officers and other key employees, and an Employee Savings and Stock Option Plan (&#8220;ESSOP&#8221;) for the majority of the U.S. employees. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company additionally has a postretirement healthcare benefit plan that provides medical benefits for certain U.S. retirees and eligible dependents hired prior to November 1, 2004. Employees are eligible to receive postretirement healthcare benefits upon meeting certain age and service requirements. No employees hired after October 31, 2004 are eligible to receive these benefits. This plan requires employee contributions to offset benefit costs.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the components of net periodic benefit cost for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> based on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> actuarial measurement dates, respectively:</font></div><div style="line-height:120%;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Defined</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">pension plan</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">postretirement</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service (income) cost &#8211; benefits earned during the year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost on projected benefit obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">469</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">450</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(538</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net loss (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the components of net periodic benefit cost for the six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> based on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> actuarial measurement dates, respectively:</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Defined</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">pension plan</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">postretirement</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost &#8211; benefits earned during the year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost on projected benefit obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">787</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">905</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">117</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(798</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,087</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net loss (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">276</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic benefit cost </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">184</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">143</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company disclosed in its financial statements for the year ended </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> that it was not required to make a minimum contribution to the defined benefit pension plan for the </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;"> calendar year. The Company believes that no additional contributions will be required during </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> The Company also disclosed in its financial statements for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> that it estimated it would pay </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$0.4 million</font><font style="font-family:inherit;font-size:10pt;"> in other postretirement benefits in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> based on actuarial estimates. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;">$68,000</font><font style="font-family:inherit;font-size:10pt;"> of such benefits have been paid. The Company continues to believe that its estimated payments for the full year are reasonable. However, such estimates contain inherent uncertainties because cash payments can vary significantly depending on the timing of postretirement medical claims and the collection of the retirees&#8217; portion of certain costs. Note that the amount of benefits paid in calendar year </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;"> will not impact the expense for postretirement benefits for </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of reclassifications out of accumulated other comprehensive loss during the six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:86%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Amount reclassified from accumulated other comprehensive loss</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of defined benefit pension items:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior service cost (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of actuarial loss (1)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total before tax</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">298</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(108</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amount reclassified out of accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 &#8220;Employee Benefit Plans.&#8221;</font></div></td></tr></table></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Details of reclassifications out of accumulated other comprehensive loss during the six months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td style="width:86%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Amount reclassified from accumulated other comprehensive loss</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of defined benefit pension items:</font></div></td><td colspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Prior service benefit (1)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of actuarial loss (1)</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">252</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total before tax</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">239</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Income tax benefit</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(85</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amount reclassified out of accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;">(1)</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 &#8220;Employee Benefit Plans.&#8221;</font></div></td></tr></table></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Components of and changes in accumulated other comprehensive loss at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:56%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unrecognized pension and postretirement benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Foreign currency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,495</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,140</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,635</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income before reclassifications</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,340</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net current period other comprehensive income, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,340</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,494</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated other comprehensive (loss) income</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,341</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">200</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(10,141</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div><div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Components of and changes in accumulated other comprehensive loss at </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;"> are as follows:</font></div><div style="line-height:120%;text-align:center;padding-left:0px;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td style="width:56%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:12%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Unrecognized pension and postretirement benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Foreign currency</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Total</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,968</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(812</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,780</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Other comprehensive income before reclassifications</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net current period other comprehensive income, net of tax</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">190</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">289</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">479</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Accumulated other comprehensive loss</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11,778</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(523</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(12,301</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the components of net periodic benefit cost for the three months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> based on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> actuarial measurement dates, respectively:</font></div><div style="line-height:120%;text-indent:0px;font-size:10pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Defined</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">pension plan</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">postretirement</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service (income) cost &#8211; benefits earned during the year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(11</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">48</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">28</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">33</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost on projected benefit obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">469</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">450</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">66</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">65</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(396</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(538</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(7</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net loss (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">141</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">154</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic benefit cost</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">203</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">114</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">91</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table sets forth the components of net periodic benefit cost for the six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;"> based on </font><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2016</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2015</font><font style="font-family:inherit;font-size:10pt;"> actuarial measurement dates, respectively:</font></div><div style="line-height:120%;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">&#160;</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Defined</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">pension plan</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Other</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">postretirement</font></div><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">benefits</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Service cost &#8211; benefits earned during the year</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">13</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">55</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">63</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">69</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Interest cost on projected benefit obligations</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">787</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">905</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">117</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">129</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Expected return on plan assets</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(798</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,087</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of prior service cost</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(13</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Amortization of net loss (benefit)</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">276</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">311</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(24</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8212;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net periodic benefit cost </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">278</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">184</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">143</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">185</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Changes in the Company&#8217;s warranty and after-sale costs reserve are as follows:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="16" rowspan="1"></td></tr><tr><td style="width:45%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td><td style="width:11%;" rowspan="1" colspan="1"></td><td style="width:1%;" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Three&#160;months&#160;ended</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">Six months ended</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June&#160;30,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="7" style="vertical-align:top;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">June&#160;30,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;text-decoration:underline;">(In thousands)</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2017</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">2016</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at beginning of period</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,548</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,561</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2,779</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,133</font></div></td><td style="vertical-align:bottom;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Net additions charged to earnings</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,231</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">398</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,983</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,238</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Adjustments to pre-existing warranties</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">440</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">610</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">46</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">863</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Costs incurred</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,155</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,056</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,744</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(1,721</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Balance at end of period</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,064</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,513</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,064</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3,513</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">New Pronouncements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2017, the Financial Accounting Standards Board (&#8220;FASB&#8221;) issued Accounting Standards Update (&#8220;ASU&#8221;) No. 2017-09, &#8220;Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,&#8221; which clarifies when a change to terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the vesting condition, fair value or the award classification is not the same both before and after a change to the terms and conditions of the award. The new guidance is effective on a prospective basis beginning on January 1, 2018 and early adoption is permitted. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements as it is not the Company&#8217;s practice to change the terms or conditions of share-based payment awards after they are granted.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07 &#8220;Compensation &#8211; Retirement Benefits (Topic 715)&#8221;, which changes the presentation of defined benefit and post-retirement benefit plan expense on the income statement by requiring separation between operating and non-operating expense. Under the ASU, the service cost of net periodic benefit expense is an operating expense that will be reported with similar compensation costs. The non-operating components, which include all other components of net periodic benefit expense, are reported outside of operating income. The ASU also stipulates that only the service cost component of pension and postretirement benefit costs is eligible for capitalization. The ASU is effective for annual periods beginning after December 15, 2017 and interim periods within that annual period. Application is retrospective for the presentation of the components of these benefit costs and prospective for the capitalization of service costs. The Company's net periodic benefit cost components are disclosed in Note 3 "Employee Benefit Plans".</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill: Simplifying the Test for Goodwill Impairment." The update requires a single-step quantitative test to measure potential impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment can still be completed first for an entity to determine if a quantitative impairment test is necessary. The ASU is effective for fiscal year 2021 and is to be adopted on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company anticipates that the adoption of this standard will have no impact on its consolidated financial statements. </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)," which requires lessees to record most leases on their balance sheets. Lessees initially recognize a lease liability (measured at the present value of the lease payments over the lease term) and a right-of-use ("ROU") asset (measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee's initial direct costs). Lessees can make an accounting policy election not to recognize ROU assets and lease liabilities for leases with a lease term of 12 months or less as long as the leases do not include options to purchase the underlying assets that the lessee is reasonably certain to exercise. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The ASU is effective for the Company beginning on January 1, 2019 and early adoption is permitted. The standard requires the use of a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is continuing to evaluate the impact that the adoption of this guidance will have on its financial condition, results of operations and the presentation of its consolidated financial statements.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In July 2015, the FASB issued ASU No. 2015-11 "Simplifying the Measurement of Inventory (Topic 330)," which requires entities to measure inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based on one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out method or the retail inventory method, and defines NRV as the "estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU was adopted on a prospective basis by the Company on January 1, 2017. The adoption of ASU 2015-11 did not have any impact on the Company's financial condition or results of operations.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU No. 2014-09 &#8220;Revenue from Contracts with Customers.&#8221; ASU No. 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, to identify the performance obligations in the contract, to determine the transaction price, to allocate the transaction price to the performance obligations in the contract and to recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. During 2016, the FASB issued additional ASU&#8217;s which enhanced the originally issued guidance. These ASU&#8217;s encompassed narrow scope improvements and practical expedients along with providing further clarification on the accounting for intellectual property licenses, principal versus agent considerations and identifying performance obligations. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has substantially completed the assessment phase for ASU No. 2014-09 and is finalizing the documentation of formal policies in anticipation of adopting the standard on January 1, 2018. The Company has identified a subset of contracts with customers where services are provided that are both uniquely beneficial and separately identifiable from product sales and thus are considered separate performance obligations under the new guidance. Each of these individual service activities is being documented in scenario development and processes are being established to recognize revenue for each unique performance obligation in accordance with the guidance, when effective. The Company continues to proactively address all potential areas of impact related to ASU No. 2014-09. To date, the Company has not identified any specific aspect of the new standard that it believes would significantly change the Company&#8217;s consolidated financial statements beyond adding the expanded disclosure that is required to comply with the ASU.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company currently anticipates adopting the standard using the modified retrospective method.</font></div></div> <div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Subsequent Events</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company evaluates subsequent events at the date of the balance sheet as well as conditions that arise after the balance sheet date but before the financial statements are issued. The effects of conditions that existed at the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading. To the extent such events and conditions exist, if any, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. For purposes of preparing the accompanying consolidated condensed financial statements and the notes to these financial statements, the Company evaluated subsequent events through the date the accompanying financial statements were issued, and has determined that no material subsequent events exist through the date of this filing.</font></div></div> EX-101.SCH 6 bmi-20170630.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2103100 - Disclosure - Accumulated Other Comprehensive Loss link:presentationLink link:calculationLink link:definitionLink 2403402 - Disclosure - Accumulated Other Comprehensive Loss - Components of and Changes in Accumulated Other Comprehensive Loss (Details) link:presentationLink link:calculationLink link:definitionLink 2403403 - Disclosure - Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) link:presentationLink link:calculationLink link:definitionLink 2303301 - Disclosure - Accumulated Other Comprehensive Loss (Tables) link:presentationLink link:calculationLink link:definitionLink 2104100 - Disclosure - Acquisitions link:presentationLink link:calculationLink link:definitionLink 2404401 - Disclosure - Acquisitions (Details) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Additional Financial Information Disclosures link:presentationLink link:calculationLink link:definitionLink 2401402 - Disclosure - Additional Financial Information Disclosures (Details) link:presentationLink link:calculationLink link:definitionLink 2301301 - Disclosure - Additional Financial Information Disclosures (Tables) link:presentationLink link:calculationLink link:definitionLink 2101100 - Disclosure - Basis of Presentation link:presentationLink link:calculationLink link:definitionLink 1001000 - Statement - Consolidated Condensed Balance Sheets link:presentationLink link:calculationLink link:definitionLink 1004000 - Statement - Consolidated Condensed Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 1003000 - Statement - Consolidated Statements of Comprehensive Income link:presentationLink link:calculationLink link:definitionLink 1002000 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 2106100 - Disclosure - Contingencies, Litigation and Commitments link:presentationLink link:calculationLink link:definitionLink 2406401 - Disclosure - Contingencies, Litigation and Commitments (Details) link:presentationLink link:calculationLink link:definitionLink 0001000 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 2102100 - Disclosure - Employee Benefit Plans link:presentationLink link:calculationLink link:definitionLink 2402402 - Disclosure - Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) link:presentationLink link:calculationLink link:definitionLink 2402403 - Disclosure - Employee Benefit Plans - Narrative (Details) link:presentationLink link:calculationLink link:definitionLink 2302301 - Disclosure - Employee Benefit Plans (Tables) link:presentationLink link:calculationLink link:definitionLink 2108100 - Disclosure - Fair Value Measurements of Financial Instruments link:presentationLink link:calculationLink link:definitionLink 2107100 - Disclosure - Income Taxes link:presentationLink link:calculationLink link:definitionLink 2407401 - Disclosure - Income Taxes (Details) link:presentationLink link:calculationLink link:definitionLink 2110100 - Disclosure - New Pronouncements link:presentationLink link:calculationLink link:definitionLink 2210201 - Disclosure - New Pronouncements - (Policies) link:presentationLink link:calculationLink link:definitionLink 2109100 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 7 bmi-20170630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 bmi-20170630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 bmi-20170630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Equity [Abstract] Accumulated Other Comprehensive Loss Comprehensive Income (Loss) Note [Text Block] Income Statement [Abstract] Net sales Revenue, Net Cost of sales Cost of Goods and Services Sold Gross margin Gross Profit Selling, engineering and administration Selling, General and Administrative Expense Operating earnings Operating Income (Loss) Interest expense, net Interest Income (Expense), Net Earnings before income taxes Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest Provision for income taxes Income Tax Expense (Benefit) Net earnings Net Income (Loss) Attributable to Parent Earnings per share: Earnings Per Share [Abstract] Basic (in dollars per share) Earnings Per Share, Basic Diluted (in dollars per share) Earnings Per Share, Diluted Dividends declared per common share (in dollars per share) Common Stock, Dividends, Per Share, Declared Shares used in computation of earnings per share: Weighted Average Number of Shares Outstanding, Diluted [Abstract] Basic (in shares) Weighted Average Number of Shares Outstanding, Basic Impact of dilutive securities (in shares) Weighted Average Number Diluted Shares Outstanding Adjustment Diluted (in shares) Weighted Average Number of Shares Outstanding, Diluted Accumulated Other Comprehensive Income (Loss) [Table] Accumulated Other Comprehensive Income (Loss) [Table] Equity Components [Axis] Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Unrecognized pension and postretirement benefits Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] Foreign currency Accumulated Foreign Currency Adjustment Attributable to Parent [Member] Accumulated Other Comprehensive Income (Loss) [Line Items] Accumulated Other Comprehensive Income (Loss) [Line Items] Accumulated Other Comprehensive Income Increase (Decrease) in Stockholders' Equity [Roll Forward] Balance at beginning of period Accumulated Other Comprehensive Income (Loss), Net of Tax Other comprehensive income before reclassifications Other Comprehensive Income (Loss), before Reclassifications, Net of Tax Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax Amounts reclassified from accumulated other comprehensive loss, tax AOCI Including Portion Attributable to Noncontrolling Interest, Tax Net current period other comprehensive income, net of tax Other Comprehensive Income (Loss), Net of Tax Accumulated other comprehensive (loss) income Accounting Policies [Abstract] New Pronouncements New Accounting Pronouncements, Policy [Policy Text Block] Organization, Consolidation and Presentation of Financial Statements [Abstract] Basis of Presentation Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Changes in Warranty and After-Sale Costs Reserve Schedule of Product Warranty Liability [Table Text Block] Retirement Benefits [Abstract] Schedule of Defined Benefit Plans Disclosures [Table] Schedule of Defined Benefit Plans Disclosures [Table] Retirement Plan Type [Axis] Retirement Plan Type [Axis] Retirement Plan Type [Domain] Retirement Plan Type [Domain] Other postretirement benefits Other Postretirement Benefits Plan [Member] Defined Benefit Plan Disclosure [Line Items] Defined Benefit Plan Disclosure [Line Items] Estimated other postretirement benefits to be paid in 2017 Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year Benefits paid Defined Benefit Plan, Plan Assets, Contributions by Employer New Pronouncements Significant Accounting Policies [Text Block] Fair Value Disclosures [Abstract] Fair Value Measurements of Financial Instruments Fair Value Disclosures [Text Block] Income Tax Disclosure [Abstract] Income Taxes Income Tax Disclosure [Text Block] Commitments and Contingencies Disclosure [Abstract] Loss Contingencies [Table] Loss Contingencies [Table] Litigation Case [Axis] Litigation Case [Axis] Litigation Case [Domain] Litigation Case [Domain] Landfill lawsuits Landfill Lawsuit [Member] Landfill Lawsuit [Member] Loss Contingencies [Line Items] Loss Contingencies [Line Items] Number of potentially responsible parties Loss Contingency, Number of Defendants Number of landfill lawsuits Loss Contingency, Pending Claims, Number Changes in warranty and after-sale costs reserve Movement in Standard Product Warranty Accrual [Roll Forward] Balance at beginning of period Standard Product Warranty Accrual Net additions charged to earnings Standard Product Warranty Accrual, Period Increase (Decrease) Adjustments to pre-existing warranties Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties Costs incurred Standard Product Warranty Accrual, Decrease for Payments Balance at end of period Subsequent Events [Abstract] Subsequent Events Subsequent Events [Text Block] Amortization of defined benefit pension items: Other Comprehensive Income (Loss) Net of Tax, Period Change [Abstract] Prior service benefit/cost Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax Amortization of actuarial loss Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax Total before tax Other Comprehensive (Income) Loss, Defined Benefit Plan, before Reclassification Adjustment and Tax Income tax benefit Reclassification From Accumulated Other Comprehensive Income, Current Period, Tax Reclassification From Accumulated Other Comprehensive Income, Current Period, Tax Amount reclassified out of accumulated other comprehensive loss Defined pension plan benefits Pension Plan [Member] Other postretirement benefits Service (income) cost – benefits earned during the year Defined Benefit Plan, Service Cost Interest cost on projected benefit obligations Defined Benefit Plan, Interest Cost Expected return on plan assets Defined Benefit Plan, Expected Return (Loss) on Plan Assets Amortization of prior service cost Defined Benefit Plan, Amortization of Prior Service Cost (Credit) Amortization of net loss (benefit) Defined Benefit Plan, Amortization of Gain (Loss) Net periodic benefit cost Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Statement of Comprehensive Income [Abstract] Net earnings Other comprehensive income: Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract] Foreign currency translation adjustment Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax Pension and postretirement benefits, net of tax Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax Comprehensive income Comprehensive Income (Loss), Net of Tax, Attributable to Parent Statement of Financial Position [Abstract] Assets Assets [Abstract] Current assets: Assets, Current [Abstract] Cash Cash Receivables Accounts Receivable, Net, Current Inventories: Inventory, Net [Abstract] Finished goods Inventory, Finished Goods, Gross Work in process Inventory, Work in Process, Gross Raw materials Inventory, Raw Materials, Gross Total inventories Inventory, Net Prepaid expenses and other current assets Prepaid Expense and Other Assets, Current Total current assets Assets, Current Property, plant and equipment, at cost Property, Plant and Equipment, Gross Less accumulated depreciation Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Net property, plant and equipment Property, Plant and Equipment, Net Intangible assets, at cost less accumulated amortization Finite-Lived Intangible Assets, Net Other assets Other Assets, Noncurrent Deferred income taxes Deferred Tax Assets, Net, Noncurrent Goodwill Goodwill Total assets Assets Liabilities and shareholders’ equity Liabilities and Equity [Abstract] Current liabilities: Liabilities, Current [Abstract] Short-term debt Short-term Debt Payables Accounts Payable, Current Accrued compensation and employee benefits Employee-related Liabilities, Current Warranty and after-sale costs Product Warranty Accrual, Current Income and other taxes Taxes Payable, Current Total current liabilities Liabilities, Current Other long-term liabilities Other Liabilities, Noncurrent Deferred income taxes Deferred Tax Liabilities, Net, Noncurrent Accrued non-pension postretirement benefits Liability, Other Postretirement Defined Benefit Plan, Noncurrent Other accrued employee benefits Liability, Defined Benefit Pension Plan, Noncurrent Commitments and contingencies (Note 6) Commitments and Contingencies Shareholders’ equity: Stockholders' Equity Attributable to Parent [Abstract] Common stock Common Stock, Value, Issued Capital in excess of par value Additional Paid in Capital, Common Stock Reinvested earnings Retained Earnings (Accumulated Deficit) Accumulated other comprehensive loss Less: Employee benefit stock Unearned ESOP Shares Treasury stock, at cost Treasury Stock, Value Total shareholders’ equity Stockholders' Equity Attributable to Parent Total liabilities and shareholders’ equity Liabilities and Equity Components of Net Periodic Benefit Cost Schedule of Net Benefit Costs [Table Text Block] Document and Entity Information [Abstract] -- None. No documentation exists for this element. -- Entity Registrant Name Entity Registrant Name Entity Central Index Key Entity Central Index Key Document Type Document Type Document Period End Date Document Period End Date Amendment Flag Amendment Flag Document Fiscal Year Focus Document Fiscal Year Focus Document Fiscal Period Focus Document Fiscal Period Focus Current Fiscal Year End Date Current Fiscal Year End Date Entity Filer Category Entity Filer Category Entity Common Stock, Shares Outstanding Entity Common Stock, Shares Outstanding Business Combinations [Abstract] Acquisitions Business Combination Disclosure [Text Block] Employee Benefit Plans Pension and Other Postretirement Benefits Disclosure [Text Block] Additional Financial Information Disclosures Additional Financial Information Disclosure [Text Block] Components of and Changes in Accumulated Other Comprehensive Loss Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] Reclassifications Out of Accumulated Other Comprehensive Loss Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] Contingencies, Litigation and Commitments Commitments and Contingencies Disclosure [Text Block] Provision for income taxes (as a percent) Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent Statement of Cash Flows [Abstract] Operating activities: Net Cash Provided by (Used in) Operating Activities [Abstract] Net earnings Adjustments to reconcile net earnings to net cash provided by operations: Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Depreciation Depreciation Amortization Amortization Deferred income taxes Deferred Income Tax Expense (Benefit) Noncurrent employee benefits Pension and Other Postretirement Benefits Cost (Reversal of Cost) Stock-based compensation expense Share-based Compensation Changes in: Increase (Decrease) in Operating Capital [Abstract] Receivables Increase (Decrease) in Accounts Receivable Inventories Increase (Decrease) in Inventories Prepaid expenses and other assets Increase (Decrease) in Prepaid Expense and Other Assets Liabilities other than debt Increase (Decrease) in Operating Liabilities Total adjustments Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities Net cash provided by operations Net Cash Provided by (Used in) Operating Activities Investing activities: Net Cash Provided by (Used in) Investing Activities [Abstract] Property, plant and equipment expenditures Payments to Acquire Property, Plant, and Equipment Acquisitions, net of cash acquired and future payments Payments to Acquire Businesses, Net of Cash Acquired Net cash used for investing activities Net Cash Provided by (Used in) Investing Activities Financing activities: Net Cash Provided by (Used in) Financing Activities [Abstract] Net increase (decrease) in short-term debt Proceeds from (Repayments of) Short-term Debt Dividends paid Payments of Ordinary Dividends, Common Stock Proceeds from exercise of stock options Proceeds from Stock Options Exercised Repurchase of treasury stock Payments for Repurchase of Common Stock Issuance of treasury stock Proceeds from Sale of Treasury Stock Net cash used for financing activities Net Cash Provided by (Used in) Financing Activities Effect of foreign exchange rates on cash Effect of Exchange Rate on Cash and Cash Equivalents Increase (decrease) in cash Cash and Cash Equivalents, Period Increase (Decrease) Cash – beginning of period Cash – end of period Schedule of Business Acquisitions, by Acquisition Schedule of Business Acquisitions, by Acquisition [Table] Business Acquisition Business Acquisition [Axis] Business Acquisition, Acquiree Business Acquisition, Acquiree [Domain] D-Flow D-Flow Technology AB [Member] D-Flow Technology AB [Member] Nice Instruments Nice Instruments [Member] Nice Instruments [Member] Finite-Lived Intangible Assets by Major Class Finite-Lived Intangible Assets by Major Class [Axis] Finite-Lived Intangible Assets, Major Class Name Finite-Lived Intangible Assets, Major Class Name [Domain] Customer technology Technology-Based Intangible Assets [Member] Business Acquisition Business Acquisition [Line Items] Outstanding common stock acquired (as a percent) Business Acquisition, Percentage of Voting Interests Acquired Sales of D-Flow products Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual Cash payment Payments to Acquire Businesses, Gross Payments anticipated to be made within eighteen months of the purchase date Business Combination, Consideration Transferred, Liabilities Incurred Period to make payments from purchase date Business Acquisition, Period From Purchase Date To Make Payments Business Acquisition, Period From Purchase Date To Make Payments Recorded in payables Recorded in long-term liabilities Receivables Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables Inventory Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Inventory Machinery and equipment Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Equipment Intangibles Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill Liabilities assumed as part of the acquisition Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities Total purchase consideration Business Combination, Consideration Transferred Inventory and equipment Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Inventory And Equipment Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Inventory And Equipment Estimated average useful life Acquired Finite-lived Intangible Assets, Weighted Average Useful Life EX-101.PRE 10 bmi-20170630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 11 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - shares
6 Months Ended
Jun. 30, 2017
Jul. 13, 2017
Document and Entity Information [Abstract]    
Entity Registrant Name BADGER METER INC  
Entity Central Index Key 0000009092  
Document Type 10-Q  
Document Period End Date Jun. 30, 2017  
Amendment Flag false  
Document Fiscal Year Focus 2017  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
Entity Filer Category Large Accelerated Filer  
Entity Common Stock, Shares Outstanding   29,113,132
XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash $ 13,850 $ 7,338
Receivables 64,426 59,818
Inventories:    
Finished goods 17,446 18,087
Work in process 17,407 17,157
Raw materials 39,035 42,457
Total inventories 73,888 77,701
Prepaid expenses and other current assets 4,335 6,155
Total current assets 156,499 151,012
Property, plant and equipment, at cost 207,761 200,978
Less accumulated depreciation (116,303) (110,784)
Net property, plant and equipment 91,458 90,194
Intangible assets, at cost less accumulated amortization 60,027 51,872
Other assets 9,606 6,607
Deferred income taxes 0 700
Goodwill 61,156 49,314
Total assets 378,746 349,699
Current liabilities:    
Short-term debt 45,560 37,950
Payables 23,891 18,350
Accrued compensation and employee benefits 11,116 13,861
Warranty and after-sale costs 3,064 2,779
Income and other taxes 6,641 2,898
Total current liabilities 90,272 75,838
Other long-term liabilities 5,813 4,019
Deferred income taxes 1,638 1,901
Accrued non-pension postretirement benefits 5,864 5,753
Other accrued employee benefits 5,753 5,979
Commitments and contingencies (Note 6)
Shareholders’ equity:    
Common stock 37,158 37,122
Capital in excess of par value 30,148 28,022
Reinvested earnings 236,563 223,876
Accumulated other comprehensive loss (10,141) (11,635)
Less: Employee benefit stock (614) (614)
Treasury stock, at cost (23,708) (20,562)
Total shareholders’ equity 269,406 256,209
Total liabilities and shareholders’ equity $ 378,746 $ 349,699
XML 13 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 104,176 $ 103,820 $ 205,782 $ 204,390
Cost of sales 63,122 64,424 126,078 125,983
Gross margin 41,054 39,396 79,704 78,407
Selling, engineering and administration 24,463 24,474 49,644 50,679
Operating earnings 16,591 14,922 30,060 27,728
Interest expense, net 147 228 325 498
Earnings before income taxes 16,444 14,694 29,735 27,230
Provision for income taxes 5,830 5,294 10,372 9,840
Net earnings $ 10,614 $ 9,400 $ 19,363 $ 17,390
Earnings per share:        
Basic (in dollars per share) $ 0.37 $ 0.33 $ 0.67 $ 0.60
Diluted (in dollars per share) 0.36 0.32 0.67 0.60
Dividends declared per common share (in dollars per share) $ 0.115 $ 0.1 $ 0.23 $ 0.20
Shares used in computation of earnings per share:        
Basic (in shares) 28,938,451 28,887,078 28,938,851 28,868,794
Impact of dilutive securities (in shares) 159,369 164,331 170,824 159,597
Diluted (in shares) 29,097,820 29,051,409 29,109,675 29,028,391
XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Statement of Comprehensive Income [Abstract]        
Net earnings $ 10,614 $ 9,400 $ 19,363 $ 17,390
Other comprehensive income:        
Foreign currency translation adjustment 1,049 (288) 1,340 289
Pension and postretirement benefits, net of tax 71 94 154 190
Comprehensive income $ 11,734 $ 9,206 $ 20,857 $ 17,869
XML 15 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Condensed Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities:    
Net earnings $ 19,363 $ 17,390
Adjustments to reconcile net earnings to net cash provided by operations:    
Depreciation 5,997 5,603
Amortization 5,994 5,675
Deferred income taxes (53) 131
Noncurrent employee benefits 541 437
Stock-based compensation expense 779 752
Changes in:    
Receivables (3,754) (4,652)
Inventories 4,759 (1,778)
Prepaid expenses and other assets (3,734) 122
Liabilities other than debt 7,453 4,016
Total adjustments 17,982 10,306
Net cash provided by operations 37,345 27,696
Investing activities:    
Property, plant and equipment expenditures (6,762) (5,513)
Acquisitions, net of cash acquired and future payments (18,376) 0
Net cash used for investing activities (25,138) (5,513)
Financing activities:    
Net increase (decrease) in short-term debt 2,161 (17,810)
Dividends paid (6,673) (5,791)
Proceeds from exercise of stock options 1,014 62
Repurchase of treasury stock (3,288) 0
Issuance of treasury stock 533 72
Net cash used for financing activities (6,253) (23,467)
Effect of foreign exchange rates on cash 558 (13)
Increase (decrease) in cash 6,512 (1,297)
Cash – beginning of period 7,338 8,163
Cash – end of period $ 13,850 $ 6,866
XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Additional Financial Information Disclosures
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Additional Financial Information Disclosures
Additional Financial Information Disclosures

The consolidated condensed balance sheet at December 31, 2016 was derived from amounts included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Refer to the footnotes to the financial statements included in that report for a description of the Company’s accounting policies and for additional details of the Company’s financial condition. The details in those notes have not changed except as discussed below and as a result of normal adjustments in the interim.

Warranty and After-Sale Costs

The Company estimates and records provisions for warranties and other after-sale costs in the period in which the sale is recorded, based on a lag factor and historical warranty claim experience. After-sale costs represent a variety of activities outside of the written warranty policy, such as investigation of unanticipated problems after the customer has installed the product, or analysis of water quality issues. Changes in the Company’s warranty and after-sale costs reserve are as follows:
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
(In thousands)
2017
 
2016
 
2017
 
2016
Balance at beginning of period
$
2,548

 
$
3,561

 
$
2,779

 
$
3,133

Net additions charged to earnings
1,231

 
398

 
1,983

 
1,238

Adjustments to pre-existing warranties
440

 
610

 
46

 
863

Costs incurred
(1,155
)
 
(1,056
)
 
(1,744
)
 
(1,721
)
Balance at end of period
$
3,064

 
$
3,513

 
$
3,064

 
$
3,513

XML 17 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Basis of Presentation
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
Basis of Presentation

In the opinion of management, the accompanying unaudited consolidated condensed financial statements of Badger Meter, Inc. (the “Company” or “Badger Meter”) contain all adjustments (consisting only of normal recurring accruals except as otherwise discussed) necessary to present fairly the Company’s consolidated condensed financial position at June 30, 2017, results of operations for the three- and six-month periods ended June 30, 2017 and 2016, comprehensive income for the three- and six-month periods ended June 30, 2017 and 2016, and cash flows for the six-month periods ended June 30, 2017 and 2016. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.

The preparation of financial statements in conformity with United States generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.
XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Benefit Plans
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Employee Benefit Plans
Employee Benefit Plans

The Company maintains a non-contributory defined benefit pension plan that covers substantially all U.S. employees who were employed at December 31, 2011. After that date, no further benefits are being accrued in this plan. For the frozen pension plan, benefits are based primarily on years of service and, for certain plans, levels of compensation.

The Company also maintains supplemental non-qualified plans for certain officers and other key employees, and an Employee Savings and Stock Option Plan (“ESSOP”) for the majority of the U.S. employees.

The Company additionally has a postretirement healthcare benefit plan that provides medical benefits for certain U.S. retirees and eligible dependents hired prior to November 1, 2004. Employees are eligible to receive postretirement healthcare benefits upon meeting certain age and service requirements. No employees hired after October 31, 2004 are eligible to receive these benefits. This plan requires employee contributions to offset benefit costs.

The following table sets forth the components of net periodic benefit cost for the three months ended June 30, 2017 and 2016 based on December 31, 2016 and 2015 actuarial measurement dates, respectively:
 
 
Defined
pension plan
benefits
 
Other
postretirement
benefits
(In thousands)
2017
 
2016
 
2017
 
2016
Service (income) cost – benefits earned during the year
$
(11
)
 
$
48

 
$
28

 
$
33

Interest cost on projected benefit obligations
469

 
450

 
66

 
65

Expected return on plan assets
(396
)
 
(538
)
 

 

Amortization of prior service cost

 

 
(7
)
 
(7
)
Amortization of net loss (benefit)
141

 
154

 
(24
)
 

Net periodic benefit cost
$
203

 
$
114

 
$
63

 
$
91



The following table sets forth the components of net periodic benefit cost for the six months ended June 30, 2017 and 2016 based on December 31, 2016 and 2015 actuarial measurement dates, respectively:
 
 
Defined
pension plan
benefits
 
Other
postretirement
benefits
(In thousands)
2017
 
2016
 
2017
 
2016
Service cost – benefits earned during the year
$
13

 
$
55

 
$
63

 
$
69

Interest cost on projected benefit obligations
787

 
905

 
117

 
129

Expected return on plan assets
(798
)
 
(1,087
)
 

 

Amortization of prior service cost

 

 
(13
)
 
(13
)
Amortization of net loss (benefit)
276

 
311

 
(24
)
 

Net periodic benefit cost
$
278

 
$
184

 
$
143

 
$
185



The Company disclosed in its financial statements for the year ended December 31, 2016 that it was not required to make a minimum contribution to the defined benefit pension plan for the 2017 calendar year. The Company believes that no additional contributions will be required during 2017.

The Company also disclosed in its financial statements for the year ended December 31, 2016 that it estimated it would pay $0.4 million in other postretirement benefits in 2017 based on actuarial estimates. As of June 30, 2017, $68,000 of such benefits have been paid. The Company continues to believe that its estimated payments for the full year are reasonable. However, such estimates contain inherent uncertainties because cash payments can vary significantly depending on the timing of postretirement medical claims and the collection of the retirees’ portion of certain costs. Note that the amount of benefits paid in calendar year 2017 will not impact the expense for postretirement benefits for 2017.
XML 19 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Loss
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss

Components of and changes in accumulated other comprehensive loss at June 30, 2017 are as follows: 
(In thousands)
Unrecognized pension and postretirement benefits
 
Foreign currency
 
Total
Balance at beginning of period
$
(10,495
)
 
$
(1,140
)
 
$
(11,635
)
Other comprehensive income before reclassifications

 
1,340

 
1,340

Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million
154

 

 
154

Net current period other comprehensive income, net of tax
154

 
1,340

 
1,494

Accumulated other comprehensive (loss) income
$
(10,341
)
 
$
200

 
$
(10,141
)


Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2017 are as follows:
(In thousands)
Amount reclassified from accumulated other comprehensive loss
Amortization of defined benefit pension items:
 
Prior service benefit (1)
$
(13
)
Amortization of actuarial loss (1)
252

Total before tax
239

Income tax benefit
(85
)
Amount reclassified out of accumulated other comprehensive loss
$
154


(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans.”

Components of and changes in accumulated other comprehensive loss at June 30, 2016 are as follows:
(In thousands)
Unrecognized pension and postretirement benefits
 
Foreign currency
 
Total
Balance at beginning of period
$
(11,968
)
 
$
(812
)
 
$
(12,780
)
Other comprehensive income before reclassifications

 
289

 
289

Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million
190

 

 
190

Net current period other comprehensive income, net of tax
190

 
289

 
479

Accumulated other comprehensive loss
$
(11,778
)
 
$
(523
)
 
$
(12,301
)


Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2016 are as follows:
(In thousands)
Amount reclassified from accumulated other comprehensive loss
Amortization of defined benefit pension items:
 
Prior service cost (1)
$
(13
)
Amortization of actuarial loss (1)
311

Total before tax
298

Income tax benefit
(108
)
Amount reclassified out of accumulated other comprehensive loss
$
190


(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans.”
XML 20 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisitions
6 Months Ended
Jun. 30, 2017
Business Combinations [Abstract]  
Acquisitions
Acquisitions

On May 1, 2017, the Company acquired 100% of the outstanding common stock of D-Flow Technology AB ("D-Flow") of Luleå, Sweden. The D-Flow acquisition facilitates the continued advancement of the existing E-Series® Ultrasonic product line while also adding a technology center for the Company. Sales of D-Flow products were approximately $0.7 million in the three months ended June 30, 2017.

The purchase price was approximately $23.2 million in cash, plus a small working capital adjustment. The purchase price included $5.1 million in payments that are anticipated to be made within eighteen months of the purchase date, of which $4.1 million is recorded in payables on the Consolidated Balance Sheets at June 30, 2017 and $1.0 million is recorded in long-term liabilities. The Company's preliminary allocation of the purchase price included approximately $0.3 million in receivables, $0.6 million in inventory, $0.2 million in machinery and equipment, $10.9 million of intangibles and $11.8 million of goodwill. The majority of the intangible assets acquired related to ultrasonic technology. The Company also assumed $0.6 million of liabilities as part of the acquisition. As of June 30, 2017, the Company had not completed its analysis for estimating the fair value of the assets acquired.

The D-Flow acquisition was accounted for under the purchase method, and accordingly, the results of operations were included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto.

On October 20, 2016, the Company acquired certain assets of Precision Flow Measurement, Inc., doing business as Nice Instrumentation, of Manalapan Township, New Jersey. The acquisition added a new technology for the measurement of steam to the Company's HVAC line of products.

The total purchase consideration for the Nice Instrumentation assets was $2.0 million, which included a $0.2 million payment that was made after the first production run that occurred in January 2017. The Company's preliminary allocation of the purchase price at December 31, 2016 included approximately $15,000 of inventory and equipment, $0.7 million of intangibles and $1.3 million of goodwill. The intangible assets acquired are primarily customer technology with an estimated average useful life of 15 years. The preliminary allocation of the purchase price to the assets acquired was based upon the estimated fair values at the date of acquisition. The Company completed its analysis for estimating the fair value of the assets acquired in the first quarter of 2017 with no additional adjustments.

The Nice Instrumentation acquisition was accounted for under the purchase method, and accordingly, the results of operations were included in the Company's financial statements from the date of acquisition. The acquisition did not have a material impact on the Company's consolidated condensed financial statements or the notes thereto.
XML 21 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Contingencies, Litigation and Commitments
6 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Contingencies, Litigation and Commitments
Contingencies, Litigation and Commitments

In the normal course of business, the Company is named in legal proceedings. There are currently no material legal proceedings pending with respect to the Company. The more significant legal proceedings are discussed below.

The Company is subject to contingencies related to environmental laws and regulations. The Company is named as one of many potentially responsible parties in two landfill lawsuits. The landfill sites are impacted by the Federal Comprehensive Environmental Response, Compensation and Liability Act and other environmental laws and regulations. At this time, the Company does not believe the ultimate resolution of these matters will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based on the Company’s assessment of its limited past involvement with these landfill sites as well as the substantial involvement of and government focus on other named third parties with these landfill sites. However, due to the inherent uncertainties of such proceedings, the Company cannot predict the ultimate outcome of any of these matters. A future change in circumstances with respect to these specific matters or with respect to sites formerly or currently owned or operated by the Company, off-site disposal locations used by the Company, and property owned by third parties that is near such sites, could result in future costs to the Company and such amounts could be material. Expenditures for compliance with environmental control provisions and regulations during 2016 and the first half of 2017 were not material.
    
Like other companies in recent years, the Company is named as a defendant in numerous pending multi-claimant/multi-defendant lawsuits alleging personal injury as a result of exposure to asbestos, manufactured by third parties, and in the past may have been integrated into or sold with a very limited number of the Company’s products. The Company is vigorously defending itself against these claims. Although it is not possible to predict the ultimate outcome of these matters, the Company does not believe the ultimate resolution of these issues will have a material adverse effect on the Company’s financial position or results of operations, either from a cash flow perspective or on the financial statements as a whole. This belief is based in part on the fact that no claimant has proven or substantially demonstrated asbestos exposure caused by products manufactured or sold by the Company and that a number of cases have been voluntarily dismissed.

The Company relies on single suppliers for most brass castings and certain electronic subassemblies in several of its product lines. The Company believes these items would be available from other sources, but that the loss of certain suppliers would result in a higher cost of materials, delivery delays, short-term increases in inventory and higher quality control costs in the short term. The Company attempts to mitigate these risks by working closely with key suppliers, purchasing minimal amounts from alternative suppliers and by purchasing business interruption insurance where appropriate.     

The Company reevaluates its exposures on a periodic basis and makes adjustments to reserves as appropriate.
XML 22 R12.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes
6 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes

The provision for income taxes as a percentage of earnings before income taxes for the second quarter of 2017 was 35.5% compared to 36.0% in the second quarter of 2016. The provision for income taxes as a percentage of earnings before income taxes for the first half of 2017 was 34.9% compared to 36.1% in the first half of 2016. Interim provisions are tied to an estimate of the overall annual rate which can vary due to state taxes, the relationship of foreign and domestic earnings, and production credits available. These items cause variations between periods.
XML 23 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Fair Value Measurements of Financial Instruments
6 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Fair Value Measurements of Financial Instruments
Fair Value Measurements of Financial Instruments
    
The Company applies the accounting standards for fair value measurements and disclosures for its financial assets and financial liabilities. The carrying amounts of cash, receivables and payables in the financial statements approximate their fair values due to the short-term nature of these financial instruments. Short-term debt is comprised of notes payable drawn against the Company's lines of credit and commercial paper. Because of its short-term nature, the carrying amount of the short-term debt also approximates fair value. Included in other assets are insurance policies on various individuals who were associated with the Company. The carrying amounts of these insurance policies approximate their fair value.
XML 24 R14.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Events
6 Months Ended
Jun. 30, 2017
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
    
The Company evaluates subsequent events at the date of the balance sheet as well as conditions that arise after the balance sheet date but before the financial statements are issued. The effects of conditions that existed at the balance sheet date are recognized in the financial statements. Events and conditions arising after the balance sheet date but before the financial statements are issued are evaluated to determine if disclosure is required to keep the financial statements from being misleading. To the extent such events and conditions exist, if any, disclosures are made regarding the nature of events and the estimated financial effects for those events and conditions. For purposes of preparing the accompanying consolidated condensed financial statements and the notes to these financial statements, the Company evaluated subsequent events through the date the accompanying financial statements were issued, and has determined that no material subsequent events exist through the date of this filing.
XML 25 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
New Pronouncements
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
New Pronouncements
New Pronouncements

In May 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,” which clarifies when a change to terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the vesting condition, fair value or the award classification is not the same both before and after a change to the terms and conditions of the award. The new guidance is effective on a prospective basis beginning on January 1, 2018 and early adoption is permitted. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements as it is not the Company’s practice to change the terms or conditions of share-based payment awards after they are granted.

In March 2017, the FASB issued ASU 2017-07 “Compensation – Retirement Benefits (Topic 715)”, which changes the presentation of defined benefit and post-retirement benefit plan expense on the income statement by requiring separation between operating and non-operating expense. Under the ASU, the service cost of net periodic benefit expense is an operating expense that will be reported with similar compensation costs. The non-operating components, which include all other components of net periodic benefit expense, are reported outside of operating income. The ASU also stipulates that only the service cost component of pension and postretirement benefit costs is eligible for capitalization. The ASU is effective for annual periods beginning after December 15, 2017 and interim periods within that annual period. Application is retrospective for the presentation of the components of these benefit costs and prospective for the capitalization of service costs. The Company's net periodic benefit cost components are disclosed in Note 3 "Employee Benefit Plans".

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill: Simplifying the Test for Goodwill Impairment." The update requires a single-step quantitative test to measure potential impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment can still be completed first for an entity to determine if a quantitative impairment test is necessary. The ASU is effective for fiscal year 2021 and is to be adopted on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company anticipates that the adoption of this standard will have no impact on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)," which requires lessees to record most leases on their balance sheets. Lessees initially recognize a lease liability (measured at the present value of the lease payments over the lease term) and a right-of-use ("ROU") asset (measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee's initial direct costs). Lessees can make an accounting policy election not to recognize ROU assets and lease liabilities for leases with a lease term of 12 months or less as long as the leases do not include options to purchase the underlying assets that the lessee is reasonably certain to exercise. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The ASU is effective for the Company beginning on January 1, 2019 and early adoption is permitted. The standard requires the use of a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is continuing to evaluate the impact that the adoption of this guidance will have on its financial condition, results of operations and the presentation of its consolidated financial statements.

In July 2015, the FASB issued ASU No. 2015-11 "Simplifying the Measurement of Inventory (Topic 330)," which requires entities to measure inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based on one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out method or the retail inventory method, and defines NRV as the "estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU was adopted on a prospective basis by the Company on January 1, 2017. The adoption of ASU 2015-11 did not have any impact on the Company's financial condition or results of operations.

In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers.” ASU No. 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, to identify the performance obligations in the contract, to determine the transaction price, to allocate the transaction price to the performance obligations in the contract and to recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. During 2016, the FASB issued additional ASU’s which enhanced the originally issued guidance. These ASU’s encompassed narrow scope improvements and practical expedients along with providing further clarification on the accounting for intellectual property licenses, principal versus agent considerations and identifying performance obligations.

The Company has substantially completed the assessment phase for ASU No. 2014-09 and is finalizing the documentation of formal policies in anticipation of adopting the standard on January 1, 2018. The Company has identified a subset of contracts with customers where services are provided that are both uniquely beneficial and separately identifiable from product sales and thus are considered separate performance obligations under the new guidance. Each of these individual service activities is being documented in scenario development and processes are being established to recognize revenue for each unique performance obligation in accordance with the guidance, when effective. The Company continues to proactively address all potential areas of impact related to ASU No. 2014-09. To date, the Company has not identified any specific aspect of the new standard that it believes would significantly change the Company’s consolidated financial statements beyond adding the expanded disclosure that is required to comply with the ASU.

The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company currently anticipates adopting the standard using the modified retrospective method.
XML 26 R16.htm IDEA: XBRL DOCUMENT v3.7.0.1
New Pronouncements - (Policies)
6 Months Ended
Jun. 30, 2017
Accounting Policies [Abstract]  
New Pronouncements
New Pronouncements

In May 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,” which clarifies when a change to terms or conditions of a share-based payment award must be accounted for as a modification. The new guidance requires modification accounting if the vesting condition, fair value or the award classification is not the same both before and after a change to the terms and conditions of the award. The new guidance is effective on a prospective basis beginning on January 1, 2018 and early adoption is permitted. The Company does not expect the adoption of this standard to have an impact on its consolidated financial statements as it is not the Company’s practice to change the terms or conditions of share-based payment awards after they are granted.

In March 2017, the FASB issued ASU 2017-07 “Compensation – Retirement Benefits (Topic 715)”, which changes the presentation of defined benefit and post-retirement benefit plan expense on the income statement by requiring separation between operating and non-operating expense. Under the ASU, the service cost of net periodic benefit expense is an operating expense that will be reported with similar compensation costs. The non-operating components, which include all other components of net periodic benefit expense, are reported outside of operating income. The ASU also stipulates that only the service cost component of pension and postretirement benefit costs is eligible for capitalization. The ASU is effective for annual periods beginning after December 15, 2017 and interim periods within that annual period. Application is retrospective for the presentation of the components of these benefit costs and prospective for the capitalization of service costs. The Company's net periodic benefit cost components are disclosed in Note 3 "Employee Benefit Plans".

In January 2017, the FASB issued ASU No. 2017-04, "Intangibles - Goodwill: Simplifying the Test for Goodwill Impairment." The update requires a single-step quantitative test to measure potential impairment based on the excess of a reporting unit's carrying amount over its fair value. A qualitative assessment can still be completed first for an entity to determine if a quantitative impairment test is necessary. The ASU is effective for fiscal year 2021 and is to be adopted on a prospective basis. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The Company anticipates that the adoption of this standard will have no impact on its consolidated financial statements.

In February 2016, the FASB issued ASU No. 2016-02 "Leases (Topic 842)," which requires lessees to record most leases on their balance sheets. Lessees initially recognize a lease liability (measured at the present value of the lease payments over the lease term) and a right-of-use ("ROU") asset (measured at the lease liability amount, adjusted for lease prepayments, lease incentives received and the lessee's initial direct costs). Lessees can make an accounting policy election not to recognize ROU assets and lease liabilities for leases with a lease term of 12 months or less as long as the leases do not include options to purchase the underlying assets that the lessee is reasonably certain to exercise. For lessors, the guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. The ASU is effective for the Company beginning on January 1, 2019 and early adoption is permitted. The standard requires the use of a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is continuing to evaluate the impact that the adoption of this guidance will have on its financial condition, results of operations and the presentation of its consolidated financial statements.

In July 2015, the FASB issued ASU No. 2015-11 "Simplifying the Measurement of Inventory (Topic 330)," which requires entities to measure inventories at the lower of cost or net realizable value ("NRV"). This simplifies the evaluation from the current method of lower of cost or market, where market is based on one of three measures (i.e. replacement cost, net realizable value, or net realizable value less a normal profit margin). The ASU does not apply to inventories measured under the last-in, first-out method or the retail inventory method, and defines NRV as the "estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation." The ASU was adopted on a prospective basis by the Company on January 1, 2017. The adoption of ASU 2015-11 did not have any impact on the Company's financial condition or results of operations.

In May 2014, the FASB issued ASU No. 2014-09 “Revenue from Contracts with Customers.” ASU No. 2014-09 provides a single principles-based, five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, to identify the performance obligations in the contract, to determine the transaction price, to allocate the transaction price to the performance obligations in the contract and to recognize revenue when each performance obligation is satisfied. Revenue will be recognized when promised goods or services are transferred to the customer in an amount that reflects the consideration expected in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. During 2016, the FASB issued additional ASU’s which enhanced the originally issued guidance. These ASU’s encompassed narrow scope improvements and practical expedients along with providing further clarification on the accounting for intellectual property licenses, principal versus agent considerations and identifying performance obligations.

The Company has substantially completed the assessment phase for ASU No. 2014-09 and is finalizing the documentation of formal policies in anticipation of adopting the standard on January 1, 2018. The Company has identified a subset of contracts with customers where services are provided that are both uniquely beneficial and separately identifiable from product sales and thus are considered separate performance obligations under the new guidance. Each of these individual service activities is being documented in scenario development and processes are being established to recognize revenue for each unique performance obligation in accordance with the guidance, when effective. The Company continues to proactively address all potential areas of impact related to ASU No. 2014-09. To date, the Company has not identified any specific aspect of the new standard that it believes would significantly change the Company’s consolidated financial statements beyond adding the expanded disclosure that is required to comply with the ASU.

The guidance permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (modified retrospective method). The Company currently anticipates adopting the standard using the modified retrospective method.

XML 27 R17.htm IDEA: XBRL DOCUMENT v3.7.0.1
Additional Financial Information Disclosures (Tables)
6 Months Ended
Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Changes in Warranty and After-Sale Costs Reserve
Changes in the Company’s warranty and after-sale costs reserve are as follows:
 
Three months ended
 
Six months ended
 
June 30,
 
June 30,
(In thousands)
2017
 
2016
 
2017
 
2016
Balance at beginning of period
$
2,548

 
$
3,561

 
$
2,779

 
$
3,133

Net additions charged to earnings
1,231

 
398

 
1,983

 
1,238

Adjustments to pre-existing warranties
440

 
610

 
46

 
863

Costs incurred
(1,155
)
 
(1,056
)
 
(1,744
)
 
(1,721
)
Balance at end of period
$
3,064

 
$
3,513

 
$
3,064

 
$
3,513

XML 28 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2017
Retirement Benefits [Abstract]  
Components of Net Periodic Benefit Cost
The following table sets forth the components of net periodic benefit cost for the three months ended June 30, 2017 and 2016 based on December 31, 2016 and 2015 actuarial measurement dates, respectively:
 
 
Defined
pension plan
benefits
 
Other
postretirement
benefits
(In thousands)
2017
 
2016
 
2017
 
2016
Service (income) cost – benefits earned during the year
$
(11
)
 
$
48

 
$
28

 
$
33

Interest cost on projected benefit obligations
469

 
450

 
66

 
65

Expected return on plan assets
(396
)
 
(538
)
 

 

Amortization of prior service cost

 

 
(7
)
 
(7
)
Amortization of net loss (benefit)
141

 
154

 
(24
)
 

Net periodic benefit cost
$
203

 
$
114

 
$
63

 
$
91



The following table sets forth the components of net periodic benefit cost for the six months ended June 30, 2017 and 2016 based on December 31, 2016 and 2015 actuarial measurement dates, respectively:
 
 
Defined
pension plan
benefits
 
Other
postretirement
benefits
(In thousands)
2017
 
2016
 
2017
 
2016
Service cost – benefits earned during the year
$
13

 
$
55

 
$
63

 
$
69

Interest cost on projected benefit obligations
787

 
905

 
117

 
129

Expected return on plan assets
(798
)
 
(1,087
)
 

 

Amortization of prior service cost

 

 
(13
)
 
(13
)
Amortization of net loss (benefit)
276

 
311

 
(24
)
 

Net periodic benefit cost
$
278

 
$
184

 
$
143

 
$
185

XML 29 R19.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Components of and Changes in Accumulated Other Comprehensive Loss
Components of and changes in accumulated other comprehensive loss at June 30, 2017 are as follows: 
(In thousands)
Unrecognized pension and postretirement benefits
 
Foreign currency
 
Total
Balance at beginning of period
$
(10,495
)
 
$
(1,140
)
 
$
(11,635
)
Other comprehensive income before reclassifications

 
1,340

 
1,340

Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million
154

 

 
154

Net current period other comprehensive income, net of tax
154

 
1,340

 
1,494

Accumulated other comprehensive (loss) income
$
(10,341
)
 
$
200

 
$
(10,141
)
Components of and changes in accumulated other comprehensive loss at June 30, 2016 are as follows:
(In thousands)
Unrecognized pension and postretirement benefits
 
Foreign currency
 
Total
Balance at beginning of period
$
(11,968
)
 
$
(812
)
 
$
(12,780
)
Other comprehensive income before reclassifications

 
289

 
289

Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million
190

 

 
190

Net current period other comprehensive income, net of tax
190

 
289

 
479

Accumulated other comprehensive loss
$
(11,778
)
 
$
(523
)
 
$
(12,301
)
Reclassifications Out of Accumulated Other Comprehensive Loss
Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2016 are as follows:
(In thousands)
Amount reclassified from accumulated other comprehensive loss
Amortization of defined benefit pension items:
 
Prior service cost (1)
$
(13
)
Amortization of actuarial loss (1)
311

Total before tax
298

Income tax benefit
(108
)
Amount reclassified out of accumulated other comprehensive loss
$
190


(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans.”
Details of reclassifications out of accumulated other comprehensive loss during the six months ended June 30, 2017 are as follows:
(In thousands)
Amount reclassified from accumulated other comprehensive loss
Amortization of defined benefit pension items:
 
Prior service benefit (1)
$
(13
)
Amortization of actuarial loss (1)
252

Total before tax
239

Income tax benefit
(85
)
Amount reclassified out of accumulated other comprehensive loss
$
154


(1)
These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost in Note 3 “Employee Benefit Plans.”
XML 30 R20.htm IDEA: XBRL DOCUMENT v3.7.0.1
Additional Financial Information Disclosures (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Changes in warranty and after-sale costs reserve        
Balance at beginning of period $ 2,548 $ 3,561 $ 2,779 $ 3,133
Net additions charged to earnings 1,231 398 1,983 1,238
Adjustments to pre-existing warranties 440 610 46 863
Costs incurred (1,155) (1,056) (1,744) (1,721)
Balance at end of period $ 3,064 $ 3,513 $ 3,064 $ 3,513
XML 31 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Defined pension plan benefits        
Defined Benefit Plan Disclosure [Line Items]        
Service (income) cost – benefits earned during the year $ (11) $ 48 $ 13 $ 55
Interest cost on projected benefit obligations 469 450 787 905
Expected return on plan assets (396) (538) (798) (1,087)
Amortization of prior service cost 0 0 0 0
Amortization of net loss (benefit) 141 154 276 311
Net periodic benefit cost 203 114 278 184
Other postretirement benefits        
Defined Benefit Plan Disclosure [Line Items]        
Service (income) cost – benefits earned during the year 28 33 63 69
Interest cost on projected benefit obligations 66 65 117 129
Expected return on plan assets 0 0 0 0
Amortization of prior service cost (7) (7) (13) (13)
Amortization of net loss (benefit) (24) 0 (24) 0
Net periodic benefit cost $ 63 $ 91 $ 143 $ 185
XML 32 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
Employee Benefit Plans - Narrative (Details) - Other postretirement benefits - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]    
Estimated other postretirement benefits to be paid in 2017   $ 400
Benefits paid $ 68  
XML 33 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Loss - Components of and Changes in Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Accumulated Other Comprehensive Income    
Balance at beginning of period $ (11,635) $ (12,780)
Other comprehensive income before reclassifications 1,340 289
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million 154 190
Amounts reclassified from accumulated other comprehensive loss, tax (100) (100)
Net current period other comprehensive income, net of tax 1,494 479
Accumulated other comprehensive (loss) income (10,141) (12,301)
Unrecognized pension and postretirement benefits    
Accumulated Other Comprehensive Income    
Balance at beginning of period (10,495) (11,968)
Other comprehensive income before reclassifications 0 0
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million 154 190
Net current period other comprehensive income, net of tax 154 190
Accumulated other comprehensive (loss) income (10,341) (11,778)
Foreign currency    
Accumulated Other Comprehensive Income    
Balance at beginning of period (1,140) (812)
Other comprehensive income before reclassifications 1,340 289
Amounts reclassified from accumulated other comprehensive loss, net of tax of $(0.1) million 0 0
Net current period other comprehensive income, net of tax 1,340 289
Accumulated other comprehensive (loss) income $ 200 $ (523)
XML 34 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Amortization of defined benefit pension items:    
Prior service benefit/cost $ (13) $ (13)
Amortization of actuarial loss 252 311
Total before tax 239 298
Income tax benefit (85) (108)
Amount reclassified out of accumulated other comprehensive loss $ 154 $ 190
XML 35 R25.htm IDEA: XBRL DOCUMENT v3.7.0.1
Acquisitions (Details) - USD ($)
$ in Thousands
1 Months Ended 3 Months Ended 12 Months Ended
May 01, 2017
Oct. 20, 2016
Jan. 31, 2017
Jun. 30, 2017
Dec. 31, 2016
Business Acquisition          
Recorded in payables       $ 23,891 $ 18,350
Recorded in long-term liabilities       5,813 4,019
Goodwill       61,156 49,314
D-Flow          
Business Acquisition          
Outstanding common stock acquired (as a percent) 100.00%        
Sales of D-Flow products       700  
Cash payment $ 23,200        
Payments anticipated to be made within eighteen months of the purchase date $ 5,100        
Period to make payments from purchase date 18 months        
Recorded in payables       4,100  
Recorded in long-term liabilities       $ 1,000  
Receivables $ 300        
Inventory 600        
Machinery and equipment 200        
Intangibles 10,900        
Goodwill 11,800        
Liabilities assumed as part of the acquisition $ 600        
Nice Instruments          
Business Acquisition          
Cash payment     $ 200    
Intangibles         700
Goodwill         1,300
Total purchase consideration   $ 2,000      
Inventory and equipment         $ 15
Nice Instruments | Customer technology          
Business Acquisition          
Estimated average useful life         15 years
XML 36 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Contingencies, Litigation and Commitments (Details) - Landfill lawsuits
6 Months Ended
Jun. 30, 2017
potentially_responsible_party
lawsuit
Loss Contingencies [Line Items]  
Number of potentially responsible parties | potentially_responsible_party 1
Number of landfill lawsuits | lawsuit 2
XML 37 R27.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income Taxes (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Tax Disclosure [Abstract]        
Provision for income taxes (as a percent) 35.50% 36.00% 34.90% 36.10%
EXCEL 38 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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å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end XML 39 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 40 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 42 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 42 136 1 false 8 0 false 6 false false R1.htm 0001000 - Document - Document and Entity Information Sheet http://www.badgermeter.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 1001000 - Statement - Consolidated Condensed Balance Sheets Sheet http://www.badgermeter.com/role/ConsolidatedCondensedBalanceSheets Consolidated Condensed Balance Sheets Statements 2 false false R3.htm 1002000 - Statement - Consolidated Statements of Operations Sheet http://www.badgermeter.com/role/ConsolidatedStatementsOfOperations Consolidated Statements of Operations Statements 3 false false R4.htm 1003000 - Statement - Consolidated Statements of Comprehensive Income Sheet http://www.badgermeter.com/role/ConsolidatedStatementsOfComprehensiveIncome Consolidated Statements of Comprehensive Income Statements 4 false false R5.htm 1004000 - Statement - Consolidated Condensed Statements of Cash Flows Sheet http://www.badgermeter.com/role/ConsolidatedCondensedStatementsOfCashFlows Consolidated Condensed Statements of Cash Flows Statements 5 false false R6.htm 2101100 - Disclosure - Additional Financial Information Disclosures Sheet http://www.badgermeter.com/role/AdditionalFinancialInformationDisclosures Additional Financial Information Disclosures Notes 6 false false R7.htm 2101100 - Disclosure - Basis of Presentation Sheet http://www.badgermeter.com/role/BasisOfPresentation Basis of Presentation Notes 7 false false R8.htm 2102100 - Disclosure - Employee Benefit Plans Sheet http://www.badgermeter.com/role/EmployeeBenefitPlans Employee Benefit Plans Notes 8 false false R9.htm 2103100 - Disclosure - Accumulated Other Comprehensive Loss Sheet http://www.badgermeter.com/role/AccumulatedOtherComprehensiveLoss Accumulated Other Comprehensive Loss Notes 9 false false R10.htm 2104100 - Disclosure - Acquisitions Sheet http://www.badgermeter.com/role/Acquisitions Acquisitions Notes 10 false false R11.htm 2106100 - Disclosure - Contingencies, Litigation and Commitments Sheet http://www.badgermeter.com/role/ContingenciesLitigationAndCommitments Contingencies, Litigation and Commitments Notes 11 false false R12.htm 2107100 - Disclosure - Income Taxes Sheet http://www.badgermeter.com/role/IncomeTaxes Income Taxes Notes 12 false false R13.htm 2108100 - Disclosure - Fair Value Measurements of Financial Instruments Sheet http://www.badgermeter.com/role/FairValueMeasurementsOfFinancialInstruments Fair Value Measurements of Financial Instruments Notes 13 false false R14.htm 2109100 - Disclosure - Subsequent Events Sheet http://www.badgermeter.com/role/SubsequentEvents Subsequent Events Notes 14 false false R15.htm 2110100 - Disclosure - New Pronouncements Sheet http://www.badgermeter.com/role/NewPronouncements New Pronouncements Notes 15 false false R16.htm 2210201 - Disclosure - New Pronouncements - (Policies) Sheet http://www.badgermeter.com/role/NewPronouncementsPolicies New Pronouncements - (Policies) Policies 16 false false R17.htm 2301301 - Disclosure - Additional Financial Information Disclosures (Tables) Sheet http://www.badgermeter.com/role/AdditionalFinancialInformationDisclosuresTables Additional Financial Information Disclosures (Tables) Tables http://www.badgermeter.com/role/AdditionalFinancialInformationDisclosures 17 false false R18.htm 2302301 - Disclosure - Employee Benefit Plans (Tables) Sheet http://www.badgermeter.com/role/EmployeeBenefitPlansTables Employee Benefit Plans (Tables) Tables http://www.badgermeter.com/role/EmployeeBenefitPlans 18 false false R19.htm 2303301 - Disclosure - Accumulated Other Comprehensive Loss (Tables) Sheet http://www.badgermeter.com/role/AccumulatedOtherComprehensiveLossTables Accumulated Other Comprehensive Loss (Tables) Tables http://www.badgermeter.com/role/AccumulatedOtherComprehensiveLoss 19 false false R20.htm 2401402 - Disclosure - Additional Financial Information Disclosures (Details) Sheet http://www.badgermeter.com/role/AdditionalFinancialInformationDisclosuresDetails Additional Financial Information Disclosures (Details) Details http://www.badgermeter.com/role/AdditionalFinancialInformationDisclosuresTables 20 false false R21.htm 2402402 - Disclosure - Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) Sheet http://www.badgermeter.com/role/EmployeeBenefitPlansComponentsOfNetPeriodicBenefitCostDetails Employee Benefit Plans - Components of Net Periodic Benefit Cost (Details) Details 21 false false R22.htm 2402403 - Disclosure - Employee Benefit Plans - Narrative (Details) Sheet http://www.badgermeter.com/role/EmployeeBenefitPlansNarrativeDetails Employee Benefit Plans - Narrative (Details) Details 22 false false R23.htm 2403402 - Disclosure - Accumulated Other Comprehensive Loss - Components of and Changes in Accumulated Other Comprehensive Loss (Details) Sheet http://www.badgermeter.com/role/AccumulatedOtherComprehensiveLossComponentsOfAndChangesInAccumulatedOtherComprehensiveLossDetails Accumulated Other Comprehensive Loss - Components of and Changes in Accumulated Other Comprehensive Loss (Details) Details 23 false false R24.htm 2403403 - Disclosure - Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) Sheet http://www.badgermeter.com/role/AccumulatedOtherComprehensiveLossReclassificationsOutOfAccumulatedOtherComprehensiveLossDetails Accumulated Other Comprehensive Loss - Reclassifications Out of Accumulated Other Comprehensive Loss (Details) Details 24 false false R25.htm 2404401 - Disclosure - Acquisitions (Details) Sheet http://www.badgermeter.com/role/AcquisitionsDetails Acquisitions (Details) Details http://www.badgermeter.com/role/Acquisitions 25 false false R26.htm 2406401 - Disclosure - Contingencies, Litigation and Commitments (Details) Sheet http://www.badgermeter.com/role/ContingenciesLitigationAndCommitmentsDetails Contingencies, Litigation and Commitments (Details) Details http://www.badgermeter.com/role/ContingenciesLitigationAndCommitments 26 false false R27.htm 2407401 - Disclosure - Income Taxes (Details) Sheet http://www.badgermeter.com/role/IncomeTaxesDetails Income Taxes (Details) Details http://www.badgermeter.com/role/IncomeTaxes 27 false false All Reports Book All Reports bmi-20170630.xml bmi-20170630.xsd bmi-20170630_cal.xml bmi-20170630_def.xml bmi-20170630_lab.xml bmi-20170630_pre.xml true true ZIP 44 0000009092-17-000010-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000009092-17-000010-xbrl.zip M4$L#!!0 ( -%^^DI6W$N*X8( )>M!@ 0 8FUI+3(P,378S^.\L_R.]B\_/RYMNWX]&BIO+"\ZD8X00 M%Q=)(AS%'/@L8CU,SKZ\-\,XT?%(46?TPFTVF^4-S#S[J;9$,WUYE=^^J'^U-YX2><]K<-LMS(,JZ^ZI?5]PX2M+5 M]\ />+E8O#SY,KQ>?3W^LN+YZ>0N*::K;RE_PYOXTDU%)AA5"X2S=V;Y%5Q. M^+OJBOJ&<3KY8\/5^/-%7"3UY9,X'1:K8;(_K3IL[MM^T^(->7*Y%A/G'?Q:7UBDP]4HP ^( %U$H)C>YFNNAU]6 MW# KSJ_B^+:YYS(N+BP@U0\KB 2_Y-DX*5;>8W]9?1/28?5-]I=5-TWSY&HM MG6ET_:EZ28&G133>#)L6.Y+AT7ON;V: M&F/>V5^;2XO1J@OAL?3=__OYIT_#Z^0FGE^<;K_XO('FQW_Z7W_"=[TO[ ^_ M)9<#^^[WUY;O0%N=UQKI+<#QIOH5E^'/;XKTYG8,&+W#IY2:;IA-ILF7Z2 % MD*, ;_T+^^OG -]37P)Z.)T^X!?U-^D(O[M,DWQ@P4@6,*C9TO_PGV]^)/9_ MAACVIW?+-]MWO%M^2?6.6Y"I;-1^*U @GP9@#GZLV8G0^O;Y;ZT;DLFH=;ES MSLG\;:/ZXOJKYGWU%Q5E5I/J@Z44_W0=YTGQZVR*JX/V[!3I5O+.M"*#.J>\ M>63UR]YDB$HZL--'N[WZAT';^8LX<;2=<\I Y1X.[<"B_2KT@[.;?G .K!]J M5?J75T JD [Q@JJTYJK70"IG-U(=G*M*O7/JZM8YAKJ5)Z]NY:'5;;G:],31 MAM7F!T=;G3S:ZM!HSYWOOU4!VM]^2Z9IGF BY.,XGGP&'][]DA;-S[].KY/\ M8U9 *%5?YR63Y#*UEQ[\:\S<_UK_O@?J?WJU\>PGLNPZTKS0P:?EH/1N]8C8Z M$?]U!S;Z6!+_J^>9;7CV>J9GD%-@D!/1('_I&>1$&>1TXO[>4WG=GLJ+YD1V MUS,]&YT@&[T^;=2;JV]*SU1[/KV2>5U*YGGVPYIE_S0%+D,PPW_, #0_N[G- M)O"Q6& .=SB2P%] 87?T]UDQQ9M?%S]LQ'G.%H]#^AN)CJHM MC?WY9E&*K&!]._SS".2?1:,^I/8 MHG=8OA8V>)+_T;/!U^)OJ-[?>*5VXJ0V!*M2X)Z/7A\?/4.I=&]H7I6A.4JJ M[*F&IN>$;]:P/$F#](;E! S+P37*D_V-7IU\#?Y%F3$5;?H[_GN7^."X6.>IS,KR>9./LZL&+B^Y]KXNAUI#NS8] N_):W9X M\0Z4G_/UHTA_JNG>!77X9"M9B<'2$NTO$M\FPQZ4'R@Y9V0'?FA??J #RBQH MT>51S!!$X^Q^+E>N]Q6QPQK;M[?CRW0\_BF^+V:OK7BXBU.Y[BN1>M5>7#LE MU:_DJ4KPD_VVV20MUWU6C#XFN6T)UE["47H'9&\#@'?\@DT#XVG63I2E[V^2 MN)CER8]5=\3WOW\*ZO?6/[4)UGU0ZPU!,LENTLG:=U04LAW,MKUDZ5GU3PUJ M[6M74.8VF^)"QN/QP]_@;;<9<-+%./G;+:S.0YM6]?N1C3;>U 5X"P@EGJO> MM9D.6QX[F2U+[.)C;^'/G1\*C+3JB1N98LLCQZ4LKJ-U]?/VQ^+%*\SW1RLE M49[=?)SEPVM0!RA'G[.?XS^2C_&#M>2#2G)^PSZ%Q_"'2^4;#Z?G@OI,4Z*U M8H$AG!(2NPZDO7"9TH+T@H('C*AI(Q_/=('HS0!ZP4%C^ MI!)LRR()CT:#FMCP5-P$@*<-[5MPB5I[6_;<$>Z!YD =TW M*I*N+Y7QJ"M(1 *_7CYA?!Z\^?$2\ 4]W7EX_<8*DB@MAO'XKTFHX/E*IS#9O>5$-2=\8N+Z@T%7Q7/ (4%KF> M"CSB42T5"121*JA!"87D;W[\"RNA6/N6U6 @G(\%0KM"1$(8%FCA.-00IUX, M1XI0@V[&NU:!T;QE&8@2OLL?KMVJ@05"LY_\OB>_'1]>M"ZQ+[\&T>CS], M1LF7_TP>'O%>3B4+E.]SZE(1&$5II*K5#R0QT6*\L/9-2V!D-S?9Y-,T&_[1 MZ86[ -/:AKDM??/AEVC!B/.04D;G,6K%\YEB/OS+!!$QW/>T5XN3Y M@0'.\MS@W\/?!C^'G^'?'W[QVY LO@Y!:96/8-_Z GP?M.*5BEKIF*PU'UPI MQ:A#(X\)0KGQHR"L=#"/!-4=]T)SM!\@?YNAV =.;%B\#D[?-=SERM=^Q+7P ME&^8J&FH?"J6X60Y/ET_1_[/X@[S(X\ZC%)7RAH_ MY?".+T@I45HL(W@0P)^'&!L76YB0\5 R7\!*:]_UJ5\'3AY5W<").ISPYR3& M.O_ZIZPH@*U^O>S$ W7#W;4X$^X+'CK:#<%?,LP!U[(.!HA#:3<@8DIW=,@N M\!T:M>-6$Z^C&W@+'!PP)V2N4H'K!2:J@RC/"*]C!<\I-4Y'F[U.NFTJMUUK MC0,G]#T/U JX#B'XR]PCM36&P*&C2,\U92=#+6>#TC"$:T\Y# P$=WU@!!G6 M2L-Q=-1Q,T" ..GX&2^)VLL($/$=".6Y 5]2&>,RU[ASRQ-U+0\(D%*G(T!' M.WB]CEZN!@?6D9Y'P)L&%>VQB-=\%E#F=N@EV5K3] +46F^! J*=2'LT8!H" M"1VYPI--NC)29@4C.%R>$FHO(T 2DT#@3PO#B<\\5SAU%@"(:,P* 2+"?"5T MVT> !#AT"IQ=L-K,B$A!)%)E(1SE,D^NX#-Q.H[.)K]5A-R$H0 W1(,G9SRF MYGZKJ[J!%7 "%:=C@HY^U'BM#R>('P$I(@,1J1MJQY6Z#DBY&ZWP?0G_6NBV MCP1%BAKP>XWABON1XW$-+DY)+QIY84>"6#?9L#^QRIVF#8=+_CM)KZ[AT>Y= MDL=7R>]%KLBWO8)31BT]KVA(M4=<[1+?#QVJ:>TY0U@:2=P"E7]M M4WE_4BV0?#2RI(C''^,4'N''M^DT'K>RL+O9>=<%X%WM*"6$]$!="5G;*X]R MIQ,Q,4W84@BP%:*GPK])RX*1H YQE7 \)Y!:>3KPZR2Q+QVV##]X^4(_"?Y: M+*,L;R<-=M[T%!)\:T\(SP^XIJY1_CS)$_A&=1)OCEKR$]:!LB>\6S8H_<@E MFF FTP.0"?4E:9)NN*/=310:\11XB\\9[G)/AJE-SLTUT>?,CXOKCWF&Q3$C M[^%W*Z^_WN(60#JY>^\)$JPT&$F))$46D:!QE1_E43GX/=V4DV$ M$V<-CD\'__G(LF7E*2RY"GS0<$I*[4?4,8U%EL3K9N"4T!>CFV7@,EX#*3?*DF#XJG]!.Z3,OQ)V[ MT-7 "J[@@BE>&UDN F>%4[)D9?>']&@(+^O5-L*>PSWF.;YP2$"(\JB)ZFT! M08 "SX:P-8V[V33F&2?P \%AS10/7*[K[0&0:3?LP,Z%<8Q9A-Z^]C& ;#). M)%#:59X'\WEGO:ATQ,KU M6@'6ZO*S(5P%+M:OE_^535N\UY1.K=A:/]Q1S[4[\HI$Q DX$]1 T*@"03E0 M07N"P&)Q2EITJ.LBZ9P$^V&ZBE:M.C,?JT)'5@=G$QN=7"9 XQ'M5!L>]'#T M6JT4"4^%"D)#'\0DC#Q.ZQUXHT*G8XG*6(=TB?08%/\M% 1C#Y[@3?QA ML:[Y+)#-BUXL_D4SH9)BU28&$0^ *S>+S2C7GJR;\Z3'\Z\N;YQ M@\ )!'@"G +-C:F3X5J2J*.N'Z%ECD>4TUB-YQ*(4(:>H3(P2D'T:W@4^+ P MGE"&^V;%1A\EYNM5="E!>^ P%WQEWDF9.4== M@HH2QR)UZYL7(38HHX!H8I031IIQ \3W%/6I^:9,;,T:[ M%5;Q !PYH5A(2, C F&$;$)-)8/.YI+&8K(V5OC*[2!L*DV)#-61=@./4=_% M\)K5==>.$YAN'M71CK,7".NIH$))714R(;@OC$<9:+8ZH4>!(!T[P[G> X1- M,;_KZA!%UN/"#4BHPB"L4ZTB(EZGOH!RO52OO H&8![\#WH,=_$8+6YYH@ " MDCS!"=SBTMF1V M76Y\PI07$9]S3WN:-\6_U.=1AQ$#N G4ZNDLFPDYYN M6'DN/X(H7X9NX(1*!('$XRZUD^0;O2P_@R]%^GZ2CO_\!IRPY,W@W=Y@6':> MVR*4'JE\X7 607P2^+PF'0$B#T]9$ YG.Y)&+SH]7D;2NK]!C0#H+*7S>AXG _B(CK MT2"4+B&>ZP;- 4%0YG0]*HP\-RYJR[*$@FDM0C]2?B2IQ\+(U_6Y&^:R<,.R M4/D"R&Q<&.U$"FP#F _N.B8$ZRH:*7 #L0$9Q@^"RW_%XUFRF_5S 5[P7T*7 M2AZP2+'(KXN$7>7PC@'FBBYM>2^_?S?8-IE%ZB@51)'P:1@2;GC@\1HVPU?$ MW0";U+O MES:L;J09;5Z68!4&RD +.8:1\)B$ZP/;?2?(9V,F&%+6Z4;@'D* MS)O,G59:N-P+%3@9H89UUU'4'.!RY8J-3.V8HP/=51B+!W1DA*=)61 !^#(, M"".-&O<"K[MI0Q47SP'T1DI38$SN>Z%V(60(\8R7T[AW+EN1/\(CLWL!7<"7 M&/:B!?^4Y'?I,"D^9>-'&W6-(7!ZM_J%XGDT?F28M_"S$K[VL'HD]!B+ MP)\F3GT^UV&!TZF+='A7_1X!Y(UU(8[OAQP<**.-49C_%/5Q' 7LTA5!YA"U MK)8? W.0E'LI);\#JX=?;D$"DJJ0X(%\R&Z4((KPM!'D@(W M6YLR;:DCT?&9#HA&^_(]5\+E"LR["7SC&.UQ1WNNJDUHY'536=20U7*P#IRG M@;Z)\#+T/!5Q%7*'21KK-*G:54S8Z@M\NVYW/)#[ &/N:6B&:( M0,1#%GKSVCKT\GR-*7WA$\5" M%5BJ0$#C&:=[G)?3CIU[=MJH%]-$D1<0C_,PBKP(@A$3$%YGDI4/ M@)4E]> MXG8CUMZ,I'U-71=;_2@/!(H0(^LTE(+_KVC()DZ"D5Y(&V&00DBH P>,F0A\ M,&W2RIT"/46C[A&LDV"DY]!()@JUH,(']I&N(R+I0V2,E!$2O:9.@N*<*>A'MS6N"30)(07$H60.@@F2OJ@V!!9+JIL%.EU0NI,,<+(LX,:/= NBSB M(H(@'P65XT=_A<;?&,:\&AKN;R(5YT$H(S<,7>E*%AKJ68(1QW<$Z^Q_G"2M M7L[WXL)EU/=$ $;2928TAC3GBYCJEO:>K'I[)H^,19H2R>"5OD^)")5N.O4X M/OC[KX7=7DB] :\9PAB%F,B1VHN4#]"@M-( VX5VXL7356_/Y+@Q)Y*!%Q$O M\'RC732C"@D&ZLXSACZW>L/2''MT$)Y0> _AS>TX>TCRDV(Q*2+L_^.''L'F M)9ZN4^0R<)7?K:7JY&D?A_-F0N$NQW":C*+9=)8G]3T+C_H%"#;O^+NYMOW( M]%NHL&:$D2#T0;6!\P;_9$D0%W X32][Q0 M*<,XK<63$=6AB^SNH[P,<5Y(G?D02?$P] TH,L5<22.BK0$((AVXW;8RKXQ4 M>_,1^ 7<=YED#@LC+Z N8S;'ZGJ$KX4?=LLI7AFI]N8C;,["?.42-P*V"5B(?5J0 M+L8XF'7ME)F88QFVNKD .O6GY!)Q<(4<06D0*&%<34)?U550$1'+A?!XRF$+ M@=J(/A])]D^-2BZU B8) \XA% %N:4;+2-?MF"PAMWG6!R3 2VD3]&0\05Q7 M,T=*XOEA*37:^(&CNJV>V,9JE!>CR=Y,$4E'<$/#@$:28RZ.^V6 +['G..UD M1 QY+JEX.5?%DR8"SXX:K3GS(L:\L#;)DCI!IT;)V6:17X8D>_.$;\^<.T'H MA4Q[RE!/R[H(Q?&#CJ(4SG,)Q0NZ'2'#;25? T\82D.C KLQ@F318;>9%*7; MW/V7H3X!?DFHD5#JLOCTU MWT)X$1>,>V'D1GY$/2/K(E]'NY[LJM%M=1*K47X),NW-,212Q*/$]UPJP9I2 M+YQ'-KY/5IQ8V58/<62BO)!J<1EH$] J(=A?R1T>.@J+V!3C!!@J[/H@>IL) M/ATZ[;^O&BK0LP'W(F5"UWA*&FJ)0BB3(>D(%-4OR3POYZL8W&=@VFAIO- X MH3*^:BKRC>GDYYQM&UJG0Z;]>8<9;0)FP%@'8<1=\&WK35(WI,O'A/'4V0L3 MY844#^9R QZ"3ZN$2WW&*1-6QD"8E*>["EJ\'CKM7X$=84])(9V0. :WV?%P M%QZ@#UT2T;!#%*:VY5'V(4IK7_24W!RI(Q-Q\&U8X'N8 A=>;=*58YP.)+$&3_S+V*L$3.<.X2*5SB@F>"V&OC<>6;[LC$ M;6[;8;!_.5\DH" 20N#X,"_P>03^?SW;',+GJ!,BLN>1CV?R.A1U K"@FAK/ M\S@+_: >.J>X!'=VQ0B;YT+_I8I)'\;J,(XU9 M3C:MABJ,\TDZN6JZRGAQD0X?TR&BW?+)8]IS @+,+9S((;"4H6Q.Q03+S5G: MS6YXJ]G-2E#V@_6OZV'ECA8^^/B.[ZK0"[2C:Y+1E$ MP0:Z/@76(!W/IH]K L868AJ/.8 2PW[?S#<$_JD3^J"+-K1GPB'O6X#9%]X- MU,717ZX?"4:-+XUV)5$U=4%Y\@TMRS9Q[5/@W <#=X-]'6T\AP34JI")0.(Z'Q&F[8\H;LG]ZZ"]_(R&4Y_O0R_#*_C MR57R6SQ-?IVL[A:XL^VR$8<.M(XH]9@="4 :*Q$$*V:3+)JN78 ['%+;6C&& M1C+I,NPJ#_;/CV30+(UV6 T<.VS,F@WC M<7/=^M/R;207L@B<24$B!_Q!-[+H"=KDYX*%_%P]X (EI8/E?M >%>N_KL9[P@&<62@]^&%A"$,;:WKJ6'=5XT(,X((N- %CG@ITY"O& MG&:P'"9-5F,MY2O >L-:>^"Y@(KED1_R, (GFTB!:^U[X&XO=HIJ82W,$; N MR]WA3CO:L=5-9*_10:$P)A+"=S589XCJ(;)M6@9'X&NNZ-?K+(:Y6P%Z(O0; MN[2 G#DL1,9C5#(:!$W/,1E1MW.V@,+_G/VAC]8/>?PEV;5O3A!H!T(?\"A" MPXT#IJ&NR8A\QKIC JE6B^W2-D/S%+@W#G4*7%^XOB<9*'N-/4_#QJGW(M(M MNB.$J3WAWCBG84,+:H?[/D@L=R(1,$-IU%!6.E%G^U48OK11O:K;_K//C*"4 MAQK; "J/RY!SR9L]+Q4MNZ!5MF%_)#8NN1; HE* %H=0#ASBL&DX+&#Q.P1U M*)7.?K \VQP4SD2HW8! U,^)#\0.!(Y]B&3$B=?M"4FI?@QY\ZPH/N;9Y?KS M\ALZD3L!O!H<=^5S Y$S;PZ"&B?D'57&S7+A>.OMNP"U,9OD@PAIESK"!!!& MJ,BI:_RQ?UFWP9K2@J@G [6ET23E 7B;+J$^I]Q$S!>\V2%GRN]6LU&RU%-I M3Z V-D:5:(D(*$ _H $- 9ZZYXP,'-$=\0(NQ*. FD_2C/+LIFQE/H,HK9J@ MB4<(D\LL3UKNPL_I),O3Z4-=CP4>Q>)3RK'5/R?3Z\S.NZA&>.[,LS(,F>>Z M%#=+/"_T2,CJZ9F<4-+54<)9FAW[C-B=$E$W-L@4BH2>[0LH@;Q&4#=JM*WL MCB1C6%?TS1-UB\X0H"3 T76$:SN8AQ"XZ&:GEW2[%(+&$SVG;M%YC'@\\%3H M*X)#HVG$FY.]/')UQV0Q@R,43H:HCVO#NXFK(M\W+DZ)9T(YRA#P).O]48G? M='QXME+];6QB>ZB6P:"9X)A QD/<\69%='W4TLO5(#'@S6C5M;W! 50&0AJ%1@Z66@:Q[P DD[ M-224\*4X[G' +HQ<^3!QA\-L-FE/+-R9(UP044-Q Y<&"B<6!?/9UY$6W>-# MX%XM [X5JJ=CLF38/J/I M0Q^(JFPG-1)2[&<\WVDPO-L.C*JE\K2-X#P![FVMTWW'4)R-HS0.[P1_I?%2 M:*1DQZ">"R7-H0!OIL>OFZ7V*(4(OCKS*/'R]"!48WR;&ML=T]*C*NU1=7DG/_B8@1N82/9QKA/\ MS\>#W?X\ITS$BN:0;%FGK89D;V@WSE+P96B$SRAVHU&N GZK>8S)0'2DYUR8 M8T*[;1R*GTLJ_'P4'8H MF\VB,%RN4\#&Q6PY0'@,M-7$3DPL%]?)R$[CV'$;1$(0XRJ7>4X Q@#[C2< M.^]I8,LUI4&8?*;!$\;\9+W6C%M5Z6[RTP_1;?_QP#GZ;P]MT(1@(/=RD<&G@"MZ:H8DW/ M?.5U9X8*)N0:MFL#L0>4FTAHW, 0CX+64=3W"!JFYOBT\99KHS U33IQ_F.A M_.\L_P--5S9,BAV)22%DE.#3@9N@B-:."4E]9-.!0+(KPXJN(^8"%/O N8F< M+ @@^%8>J!QC',JU$O7,%<\XNGL\4"TGU;?#V1ZU.QG9J7'7V7B4Y$69'MF- MLD! V!Z@0(A5A'(+*^S9[B'TG'V.2!D%KW];0 ]#?A-Y.8N!V]>4QR5"4&* M";2LV4(QUMW#X*!@EW3FGL#OM2&O(M#N+ 1=0*B.@I!)(9K]54]W-Q*D7NIH MMGD/^ZE;[L+5E/AA((5V' X"Y[A-PU+J^ROZ2["E?,<6^#(<+5T/;'WXQ593 M_'J)7NQD%&](4S;[A#_!HZ]L]M '/[C9(OPIGHPNT_'XI_B^F*TJ]EZ<@.D3 M+76@ R:YE#X/_; 91^N!!]:N^+C-IH $J+3QP]_ 6;G-)@5N:?_M-LZG#R"_ M+=2W(;>!$A_A$OC3'\?I35'>N7+E#DP'[8.9A& ?-)!PJ*O!A:N4/]A4M= # M?UP^\4U.4;ENM[B0<>$LJMW'0W MJB0,#TU'M9WCK*GCH51FVY^V3$I)5W*0.TT"!]RV>3]D&8!OWHT=I:2/0FD% M<(=":)1PLDI\;QP0N-PF8PO,>[&O.< 4KZ>#@UN9VG+!,1AM$PI P' M)8*G;U@]]8OZTG1V/AB>)GT,2BN .Q1*6Y:)DH 2Q=&G=0WWN4*?H4))"+?K MY"@NY&%0FF]@[9QKH<*@MPLNM^/X)'2U9OZ52P MY,SS09@!K @,1S/PV O<%4XN-X,9W/9<(Q;G$06.5_&K9S8H")SID)R#G2>A]1T\&C&$>5)HH!,&A*O#< M^E2A!J [AM5QEN+HE3#L >2F>"ER#3@RA$6,@]H)).B39MXMD+=S]!',I+,' MD"O&:J]N7+&R2;^;IP6L5##+X=]E;XNR\&*?:>R4,XC^ W1--58MXS#S6E,0 MHKMY&-[%]WCHO"CEMKH@?A (8C0+7(4-N9N"&L=UW:ZG>'J4B^#2]&I2QO7# MA\]Y/"D ,RS5G8SLI[&-2'&\%VJ$%>];/YM^6S5.J/P0G+A ACBJ07JTV4+C M3A!T*ES.V5*B]QF0.@4:;BSXY5C-[P3&:&T$ R>.-\,N#!4=MXUI\\V1<-L. M'64FT$QZBH,+# :>TGJ'CH54=!TE"*6^11IN]#[ I33&]X&,C#G,DRYI&I8J MXG?/]?"E8K43H2$^HM2?OR7#<5P4Z64ZC*L))7N**,$N7\SE> "/:QJ$7-0; M6CHPNF,D'BNBCX#UR"@WF4M[#@ZK-LOT.KXEFV 1YT(C#WI,,CT8D9OG)2MH3@T224A$>8//&D MXVL(K*F0M8\+P9C3R:V^!I;42"'S)5-0:$;D@X/?>6DW$<,(;+4ON^Y#$^0"$_[F(.K M*AJQ^9B\@@ Z/-*"(A24*^S,W.B92W5-?ZO$ZYM!(O(P$.9A04#KR MP">@)(@B$30[LTITV]=1\_C5/QT*[2,8!IS(T \(\2.N0X55'UXM&$QV(\-= M[-/A*+/MM(VCJ0_Z42I7Z"@B#I;[5GZ?X:SCIU"Q=-CD.;%X&0G C34&!,&Q M[4 9)FG3R N"V142(%\CA?:1 #\DX*,XG$5"N#14)FRZ2OM,DB[S[&(:=B5- MU8&OKD1>WYQPCMYJZS/_'>MR]K$JX/=[;N1*+XH8, B)0E'74_H^[9X#/V?F M<3FCX^)YBI3>EML,=(3FFS#'$!4%CFY:=1CF=T]@GC/^>"7\*BF]=Z+3A$I# MC$IT$&G/&.$&30TXAB/=4Q$[&((GX/%2I-J8+ F,C\ $E$ M.Q;A?!>GZ+71:FM?!4551*4;L4BRP/$YF[?Y6'%"]%S1KYE4&P\=$H=&P%4@ MB8*H4'J*UK,OP3?K%FF>[^)IG!*MX,&_3^)RS'1"80VGH( MC_"0\JCN,1+(J#OP@M,CL-WN>)XDJ;>PK4,@1,0YW-*GRO&)4/76A*.TMZ(\ M8NG [ZF0NE5!O&_M &.1%X4NR#'$":[G4=F4@])@14,(0>@*=V0E(/N"NZF* M(-0A4\SQ5408Q_E+RJN])ZU=OP.NU*OVA@\-[E%:,SF4@D+P":>1BABX-J!2 M%749V&O7BU8*C M+/\MN9WEP^NX2'Z]!-UU@VT6L^$?.]LI'G*B>4"9'VK?U80;MVY\QV3D=Q:R MA=-V:)X*^Q;%'^'I-QH%T@/-[X![)^N#>8IQ[78B!KY<&K$?!K]>!BF6PDY& MQ9,H#TQD @/Q(Z>AA! G])KSQ-*7W38K:JE>;C,\3X%\6^DW-2X+/,T)H\05 MH>^JIM2/KY@$YSB*/Q'RSYE5PGE2Z^2DL)W%%F O0:=+'0F/T,60NGZ@0T%= M"D*#Y1#4;Y*6H=/MD,.6=/DVK)Y( 6:-T[&;#0KF.P0XE?J>$M@_4RJE@#., M89$6W8GPC!^)##9,L*VCRU\>U<=]Z2R#QUWCA8X6QM=$@R[4\\/RJJ/>'X=# M!Z[#X;--0&7H!=CYACD\],((U&1S[EN$W>XQ5'/E/'9I=D/K8Y[=)OGT >T; M=K7"=/#M3<< /^9P1JB,&[I2.*&D(1,0QC<]9434/77?.4+S>-@.A=&690+# MA6I$<18%G(5&F[!F.^&;[J1S6$1V"(P>$=-4/0GV&M0BA0)#C!U]>&# $ZI1 MDJS;\$/PQ=KE'6 [&$K;JK8$9P"\ZS-0#A&E(FIF:(#GUST4) 4]"$IEGY.5 M_4WVZXD=>N 4X;$+'Y,Y0N*./!!YI*F')BJ,D@O,G(I -DV1DV^^!>]CX+)^N(QB/MAP"7XA35# M.4QV\RYTJ;H2+ ]YVLMEP:<;DOZ/CCK[>V M1B;\DN3#M-C#W0JX]C%W("-)/3RSYKL-XX1,=33JLM7;!M 3H=^6;@QYR$)" M/,I(R#RA'-.,/@EYUP^A9.FDW:[PCV;#Z7_'>0XF_<$=#O-9//:K[;UDM)\I ML"6@#,R =!PBM/"=6@=1QJ-5!\K,,@J/@>H@B&PR"3(4CD<%Y6[(B.]SI?UF MQIGG=&TS)TYG+0Z#"-B6!"*IZF380L^RW7="W8![OO'!>_*-49[/69.3(7K% MO-*N?=@-PL.CM]&ABEQ?XUDVPKW 8WC.7S=U2UITHBWM='37BZ*W9<,Q4=>T)U# MX1P4N]7A33<3LKW[CQ%>Y'M4NN"J",]AKFHZK')#NE-@"3%+34HW@_,4P#?J M/$Y];H0&G1=2XG!'1V$#..?=PTP0BW4=KZ<"OG,7-0B+ F[ U$,4Y0;,\]TZ M,I21YW7]7D.HZ>CJM;#L#_/&OG1&^#SRB.]&8>BS"/R4J"D]EMUFJH8*^4@6 M68)YN6('?8-6<=RZ+!P$))X3NLHPB \A:G>:.:8*+'^X8M]_J9SD MD- _-U5>IJ:31[X)022$CS/6I%2F&7@JW$AUA+@G^?[G!WQ'/5$WF+ A=919!C'^GD#L:_KU^--L._AB@/%RU4^KYDJ+R/M MX&/@@<_(:.,3S]<23R-7)EN#?>Y)?C!I9RR <"'D$36&DDBX?M.8 CS7[J[J MLQ!Y&B/KU(-HEYAJN#R>86OTKL'M9JXO:8!'9B7JLYJ;2-AM8L(8UTO;.]M! M>BH"6]K]FD 9AWK"T^"#XXC-INPGC#H!(.@GN10#[H8 9KB*WY*[9#+;J_6W MB0!:QY6$*\S_PQW-U#J->>@5TS T6[372R#L"MW&,@B)?;U[^#D-^[Y===:);P5L[X8D4JS1T.7C,? G?\.-B./Q^#^NZ,;[$\] MQ19"=\FF3;:-K9:HXAJ//@KE1I&@7+C-A"+BL*[\"*$6[FSA+JJ''@Z9/"5\5F>9_=H)G=L/![X MKH&J*]1XY':KB3F.45T"L@/"SA!NW!+V J5-1(P.72F%=$5]$,9Q BZZY092 M.KM!.(TGHS@?K4Y;=H&5FXJS*>B#(. XFU7[DDR% M(M37K/:2C31.E]K+Y4+'!'N#F=[=NS1T/;+6! M27@$1LYH)@,_T,HWX''4+@GEU'3'>TJAGPWL#6T,?4I"!M+'G2@,N"O#>DZ9 M# QSNO.)EOM+!EE*X8 L-VT3.'Q&2+)TA"7!0(N@/B^F'H M2=H$Z 9'CG0P6:ZT>E9,-M!K"D+0DA@HL*9JD 7=<2_4Z%V\F<=@^;1A.Q ;&V,\14G$B!M**FA3 M-N#XW<)@)AU&ECV;31-JGCI01VL\(LE"SP$_5TKP VAM2&E(_4YU*<.A[\NF M=!. =LXS:#RAN [1+%_XK'LV0W FHC-(LH@(=A+0M] M0^N&22&8ZRX/$KE4>MB%8%?X-M'/!6<4>%Y"Z!)$(E(L")IC*($PW8:#7!&] M WR_3Y(XQZ3YIU\_VO3!COD H1T"8N+A,$_/BS3.F&U:$7N\(R++(P:Z[]\5 MNHUG-!55OL,A5@T@A))"-E6ECI*.Z%!O-^C^.TFOKJ?)R+U+\O@J*8?\!.EX M!M^55_\ZFQ:H9'$D1K-;]1C/A+3=>!'M1ZN1Y8XY660WK*R/O!5:PCH 2',-F7T3.AMED=J0FU MXU#7Y0;P$]IK5B]T%L9LM- SN/MW,NAM6#WF,LJ4HPP$"A'@XQN_,22IU[O+A(A[M*'J5&$4_I*-"A-$X02=4,MQ;.0J.B!CD-G@M1>BMR MJR$\+&H;U@VW!2+C.6&(U;U8]]_T03?@WZRRB8":HY79ICN? ;7-$@?2XP<^ MH0$6 G,\I51/>98!N&IL)6J&:R&W*Y3G0&W#JBD($$,/E*(+5D!08,LZC^QH MA_HK30&BI@^"FCL:V:/\\;B:_\EN1_\EMW$DQ_L;T7Z/\E[2FZG/[SYUZOI#TNWC]-) M,O(O:^_![U>],YU<)WDZ7;[/?KPOGWL!H7GYH#G%!@W)!BV:#>9$*_"E[_ Q M-03O .QGQ*"Y[R(?#,<0H_SYS22;)&_>-?#L QPN_WDZ&8'+]%[HVR\'A?;S MM8U\BVR6&0#&U9X+_&-[<_ M_#-UR ^T!EG603/!! MKX$>;P> S64"L&<6_,LLFTZR*-(<1N=/>"'@AZ]8W M6SBS(AF4N%W'=_;/P? ZGEP!'LF787(+3 R\ >IB5EC^3L;9O84(OHX!Q6(V MGB(8$]0M8X"Q:<5:\TPZP='Q-V^_3D5S5#U>I[$MP=U+H.,YEN,-R=( 9_2"M:SD+T^&63XJ!K"LH^_#TZ[2 /],AB-E]S1A#G,D-DHK/3L#P@(B[RZ\'/01R MBFF.>' 7PW5P'TAL/)^ZFX'WE8Z26IW< WVFR63^%JN*'LX&Q0S CA$A.\*X MG%..=\TF2(5A>FO-(1#I8IS<%"4E["-!?4RS&_AP;6\'M3D>PY66+.66S=G MHAF/'XK4*K;[&&_^!]@6W.Q(BV*6%(">;[53LW\;#^O+LG>Q/G5^FD!#*>3;/ZB]R"9;^Y3T?3 M:[@:"'&!')R?#X&@\6V1O*__Z,CP'.Z\^0N=*(1V\N^F MH_F?^$W6\%LJ?L, +D$,_/^.AV! MBC^LR]4$01M-V"+-&W#5F\/3:J7Z;E%CD\74^Y%#SUVX/$GF)+F!*ZZ+^6<; MA.Y IYZ/OE$^^I1^&93,,]B)9UZ)0EH? SZ5<$=B(Z!$[6!61*"W7P8V!3?X MY[*9^*OCL?^835JJBI.S7C$]HV+J.:I76_8V^] 1)F!L/N/]#/1]CO%W^<#O M/M@\Z:R()Z/B^WU8D&^QCFW7L]W7R':/UG:OWAE\.B]Z51U'/!U<)%?I!+OPX*94N8?WDO+[ M> Y[0?+][T-3Z)D)8AGRH!1A9U+H0U'E5? WK=S*4!O_%Z4/J^"L7KELGP? M/Y,.[95+KUQZY=(KE\-[+DJ97KGTRJ57+KUR.;SG0CGOE#I/D\O(KR]I@B]SZE$2!YQAR/,+5B]:O6BU M[);1AW,B>^'JA:L7K@6GL+=<1XW.OJX@S&T= 8?0ZS9/SNOAEZWSLL<0NE+WN][.T@>TJ(7O9ZV>ME[R5DCQV_WNC;D+U^XZE]9C/! M9JR'/JVY>(*8WWX9C+(9-MY\RA'B5U&S>K"ZY4>3\"LH;";.X?R*;61[%5S4 MYWZ/[D7T^JO77P<[4DH/?3"CUU^]_NKU5Z^_>O^KUU^]_NKU5Z^_>O_K96HE MWMF)*2NO7_'W?(:A.]IQ%&%[CJ$W*]))4A1^=G,!=^\_O- 8-^2":Y<*)81G MA/!U/8Z1*"E>^?#"X3]F:5&>X=VXM,\ X?Y\MPFXH\ZP^G5RF!E[/\ABXWN"[-^77;[['2P8_S<950V[&#*#^Z3Z!9:\&\54/B.<, MC^.^TG$ZM7/'IN68R6DZF0%]XM$=9K?MN/(*N.9817C^">=_U7,NE/AA\/MX MFL=%-DF']8"M ?(ACAX#O1^/BVQ0FL9!/)C.,2C[3C:#&ZM5 GAQ[ES1PKIZ M:#&X3W".UBU\_F+GI8T?#K.4_YN\50.X:@QD.[2P?7L<%3G1+AXD=*GH,OF#\+3LX8PSCXOIL<#N>X53+ MXB8>CP?W6?Z'%?OX%@2R/=JR$M\E?)OYGX=!4[ZE!\?R-GZHSF7A?%([ *\U MMF^:#2Y ,.(1K%TZO4X/9$C*L<_)I!*Y@ZKG9@EP#N^9G1IH1RL>9@G$P9=@ M/NBQ6@YT0PN<]EAJV]9,X7HW\Q-.$BYP4W-!2]G9AH=!D[XE1T5SG&% EN0W M8('B"S1OJ9WDV)JV^6\X63,9IS?@%^?@%(S!$X[;LW+7R=IQ# \_N.0!/9+T MSJ[VV<' = X.)@[VG$RS_.%P0!Y>5]_$0U!.25[.]TS >;I%K78HD"EY:PX+ M,_!P.@$O\BJUTGY R:5O]<%!OJ[C43EI&SZ/$R19BG2LA]^B]UV-'T8'Q$X/9\V0 MWB7B]U[KGE[KBB#,>J[E(/:D'+UN1P(M&J*;9'J=C<[*&<-#M':P5N.'B6'[+;I)PK5(5*BV/BVQ9PY53YRSR[L=>A5U".;6[SW.=%+AR,TI*S[##W M>(!V,<B4H54Q83HO'2=?)-/M*I[H?.T/S MZW":70!'L5(].&MR(L,DG\; )Y6LP^I_!$?"SA\?6*[].8DQ>5B:OP^3X=NS MP2A#G7%1Y1I18_V"'M.'23'-9WBA94;K*_^,&B>&5PX^9_>3XCJ]/;.)P?]( M\B)Y6,%=\Y"*S0J](( M\+*G+58KY]Q>/"8.O'C'8;4UT!^<]>R*3C,,9QM%ABH@'55*JEG+54Q3\R'J MQP/%\@<./'QS.CSV,0U%A6X?B922.!+5QMQU67QK\-"^FM7C@#?EL M4EZ<#S#!@*O-63XFHX,$!Q"@WJ)5XF>YUCAMF47E&2+??P_X> M=A6Z'"'B/7>@?:Z2P:Q(+F=CL V7UC8<9D= #AY 51\F[50G_G81K,K^+=,)1?XB M1E]K=EMY97."S+U]F_C9[/[57L,!@XG:-RV5T#] Q:!:@FMMYLDNX"1K.NTN MY$:+)P0BO2'?*7)9;:+[..;P<4RW$.!Q>_GMW7^X\B8M1<2=C/P,]_6N$@ N M*?:K O"U\)7+J:.9E)X1#O%D506@J&>"UUT%L$"@L\%/P!97%8<#H[:(>3!Y M[95+?=^'224@^0U(#N@/" =19.N@;' MC2;XO_5;)U/P"\!Z-"+=N6=PFY0;[M;0@ JZ34#D%^/(.CF9P6,+H$IZF0YC MP+3[,'SQ" 1L5J!"N$@@;-X_:?'Z>.:8!JC% <7LXN_5*@W;DMO."2>3NS3/ M)M96P;+']Z77FR=7LW%I698\FH:S#A5O DT/YA+?((2W8$, 6W "'RRC8BB- M7C$FB1'[0^VA3N^SPP ^!HI?@B-OR3]+IS7)F^_!_B:ET)2F%F7FP4I>E&"2 M8&Q7)T^NP<"F8)O#A47]K:1!A=D-*PMU9[7:O\%K0EQO<7V?CQ"X9$,-B?(E24@82&X!%_[XHZL0L!Z-O! EYA M<;9=5O \0?LB>.6*ES(-ZYF/&D%9^U9 ]O]F]["P^=E@-&O"*OG*DL182IKDH$S@BKFUS.XG MN+QYQ5)SD:RPPF3NY3D^ 2T=L",*4A65%AA5=V_ %0(BP?.F]?/M)>TUL=DF MU,%@D$JR6B#/T",8CRI61QK41+']MA;MM'V1O3>^P3BDJ&ZVA2:ES %=PR_6 MY.-3RH#5QK*IK7^PA%I4$FAA\LR:^3N;#.^H#&"5'#V(@RC-E:.3]]*^".4\ MKKZ.QY<'RW,AU>:^O QN:_7@4V/Z5_))6^'%I1JMP)+"2! MI]F3%L4L^0J=&5L>ES= (QN5!@E"QYIO 6&[ MLG>)!;?ED-C%O,DP-U9FF"N>G#/J,*[M8E/)O,"N-;LM&LY*@V/Q9(OI@ 2P M!'/6!5\(3%V9 0>#?)-BZ/DM!9W/F06M5P9S\F4I98$)3/1/;\&'0'<+/8H; M<$X&%SDXPKAXG,'#E.K?KZ9<5 M2B6W12V=P/ @G+7+$]_%Z1B+ $OA*=5[DK#BUG%XLAP8U HEKWI2=X4Z;MDHH<>5K\4:!( M-;75@";N*%JE_D?R,$?SK,Y06W.53E),1=4^9*EZQO!R3+W>M=<:P4>AGM_< ME$*@1HORB8.]IO[=#2]?H_' M,>NSY4-8GOBV2-[7?W3,RASN=@/#^7ESMK);Y>-[()8P2>=?MI]H7WFVOL+I MB;>SEWU]C_PW@ORK;PBJ][-^>)M]Z B/H-FV?"AY[*>R[:YVWLE M)?#(Q&.)]^HM[]/IU6K%?8$;2!-,Q!V\(?>3.]Y_#2W1CH?S,3K^DS-A#C9F MZMOH[']ZFN/D;%6O);XN+7%&#S<8NU<2O9+HE<17J"3HF<-[5V(G+=%/B]W0 ME6'%%EAJMVHAA+G$HC M2JW.!I.D;"P8?\'__._OR%OZ_=I.+H<0U2-LW+RLQ,HC3?SY>F=BG)Z$OF+3 M][7)TS$BN%ZN>KGZUN6JMU//XUZ>4$!W3-K^ GYCU2R@*K!8Z626ROB'I%M-B9\$@QTPJZG HG'#O\Z=7,"ZB95^&AGY0..@;%CN,IT5/W ME%X%\^U3B/[.=JE9=?VS*=[7W3SJN1JS!VDU2G$A[;FY9#71[14ZKJ MS6R;"*9?JK'@@V1RB-GI54ZEDHOE/B!(\I?O1]5WD'JA#E+B( VD]#?50.K5 M9^SZ-D([T7DS;0_>P*6LF=VS9+;/.N]2FPQ(_D\SJ'"47*9VZ$/9GJGIX&0; M%F\V67OR\O/PZFF%J7W5TGIJ?LQ3[+&>Y'9K(["7U/F3N5 ME=\K+].;^<=WSJL[*!RKYOC;J%-BW!S=VKV*-/.+R.O7)9;E$ I[UK1RO7OC MA@ZE[CL*'=]O_$9,WZKG@4$=Q+)9V7=SW9.X:/*&(;SX5JXXY].AN/9*&E&VN+/LVF33<)3M_-Y M=56VVTYLA.MQ&-R #^I^"XS\$-[-M<09^N-5Z5=M@* M[#WV/_#>"_*M/_?7E3*=O> MBNRM5Z\EOBTMH>G!2O%Z%=&KB%Y%?'TJ@K(SI?M9BCMIB;ZFJ9^2]JI[[)_Z M(2:\KV\.>NK-0;\:$6/Z^'7SO6CUHM6+5B]:AW8KOR[OL9^0]M*39\RS]:\_ M%9X[MD7L#=\W+$_]A+1>KGJYZNW4"D [Y> M"_R-"/4A\T&]4/="W0OU"0BU4+U0GZX+_W5YZMNFHYU^8Y37P*C]D)"]2K*5 M.EA)=C\DI,\0'KM:L]=OO7Y[O'Z3['"]E'OEUBNW7KGURNUDE!ME9YST$]Y> MIHB^G_"V/W#]A+>5D+[.7ECKUJIO==6/;^O['?7]C@Y Y\VT[<>WO=:T>#^^ M[05BT+ZDZK'CVVPCVWYV6S^[K9_=]DK.JW]=VNAE9K=]=677G!XI1W:Z":V] M,C:]C_!USGY[V=I)<[CJ@E-WA5Y$ZKXNX7J>"6Y?G8G[CI(C%?&L)T[O?GZK M%K ? 7>J?E\_ NYPM#S:4:Y^!-QZ7=N/@%N_7=F/@&MCW]E3?J(#U8^ ^UI& MP-77_^G=K#B_BN/;]WX;R3+$0,@^ [V]<3;\X\=_^E]_JJ^-XC3_KW@\2X*T M& (]9GE2-!<"8A-P<]) MC,2YJ:?(1>DDG@PQ._EA4DSSF?UAXV*>3(E0:Q-M\U^O AL0]0%R?#QY&,2W MM^,46 H%%X0?_7:L82JF\604YR,L",H'E[BH=W91;]J+BB-^1G,IL->F\/UE ML]+@_B?5A?,OQVE\D8[3*;SW[6" T SC/'_ ]\95JRQ@EV%<7)]A#)&D=RB] MY5-NXX?R0Z5LYD\%D*W>?8EO8$O\**TC0&6:<&W65FF=9WET_-IDM\, M)O$4<+ -$*PFG#\XG7,K@/MI?LLHN0 E5NK#/"U098*Z [U1U& .1GE\/QG$ M5S$^Q+ZR(OR_%0-D@A+3/!F!HK-3%K.;FR2WK[V-06O""[UD&,\*"QG2M@/R M6:ET%RE8X=&^VD(;CXNL39ZB11EXUX>6*B_5?[V 5L_#*MNY';?@90Z1:T## MW\6@VF>X'L#?Z6@&;QC<7V>#^\06E!49((/6Y#Z=7K<)L&'ERP58\;I-Z_IV MLUGHJ/R-:KRM[TMS\#G^,K]P%W6O',V"B$2<:$4CQ7T_#$IU[QA)2?BZU7V5 MC@/J)/NK\A?WP+=JYF-J8F#IN]26L5CUV>0WD=_A'_2=L( IOK(J -#":3E% MO;^P<#T^P$I] GPY&OQC%N<@^GA;!_V]4O7 W@=YT. >,#O(D[A\*__E,#"A M%@HH?EH0XE'6OW@9_2F_G*E19_FI:HQ)-!4DQ+NULY%EBR%H_!P9M,P.0/ MXN,NJ[E]UIN$I8)\FDBD&+ M7?V$3>:_[2: D78;__ECGDW@SV'ICWY$_^6A_/*$P MX#@8-^141T8>W74X4KYAM2N!H"[2[6#1U.D[&,\5^GV8#'Z.'ZP"+85Q'I3/ MN7?PJ8G^O S^,_BNE9^)W$]>*QGS/01 Q0S4Q,K;?[\=H?"W[W<__;YP^R_9 M6PO..3%G[3P0A@G)I+!"?/YIBA+3_FKPW>?L%O2$HOK[]X-/P^S6JJ:?LU%S M>*<%TEGKE;6:&H.*N,2HXOX:M$-<#;BWD2&$2Q"(8.X+@IKJ'- E7%)<@U8\ MOX@QU(,(S\ZTC>^10C>S F<9UB$TUH-G>6GM;EH@509R JQ^-4M'-KK)DW_, M4HR>VQ>V8_&TU+AWJ!CA8P/463LNK^QD"60&A76UO4 MKO$E>A,+%(!+2RJ406F;#,UK5B$#KTHN+Q-0U7<)1HY9)V_>!9(T?!O$HNZW!!]U]DTZ!K-4[Z^S%*$M*W)(O^(X2 MMOH^"RO<7.%Q]&$.ZJ"E$4'! M-4KMT^^#2CNI= M=]ZA'JE]WIVI/;@=HY?V!<&RDH?/JUSIAH\'%P^5NK$YO@1\U?)=M8\$6A2_ MP70,O H6\WS^3?5LD,#?\421?0'0YZR*3%H5\>N2_C5T*:J50>?)\*!X.KA/ MQU@\!W#>9GF3."I26,JXW(UH"(\OJS.(B[#.=RAJ,E>;% /T6><;&]4NQA: MSZP4-@!ELVF1CJRYF;^Q)/5;"PMRC4VT@<*^M9LI18E;-@&]UB%7 T@Y G?; M]/02;:MI04A2S#*BK1G&M^D4Q.9_VH8&(5E0R=8JE2Y[Y0^WU'&I=H($W*\+ M^(/*LS+20EC2.D*H[L)5L1%%/%U\(+S9Q9SRW/8 "BT;4$=TR[Q>[QS-EZ1, M RYB704#G:F=IO@?/#O639"I0)>(EC]<7KY4!_2_@P>E>6@ M^I+!!^"/-$=I>_NF9)E9Z<$V3AHX@7#[.#DOILDM9F+ 1T,FOD,[CRG^K-XB M ?&=PH/L#D+SV$%I[RO]G'P9)D7E6Y;J!4&;3=+IOQ7=C#Y$W.7N2CMC[R(, MXQH$S-87A7T1AN&@?TIEBDP]3DKO)J^01G.!P#\@S*,$O118:?0VXT6\6M!; M%-$+2A!P6)1->N821 >0?P"^@]5AM-0C!;[NHG+32E*L%Z+[#**Y4: M::[1KNIE7(+8W@FWW%24KQSID57,I=);=$/5DIN)Q!BFMW-%OMG/M#!83W.2 M[>IIONWFC7HE<@ E$B47>:U%G(U:Q#DG;/#F)Q#BI/'=M&#?G[VI7(E&%X!^ M*9+$,G2.YZTA#$0+,BYO+64<1/6BFG9?7">)-44_5?>E(.BP^N,'>_O5!( & M6;"W-WND#X/O*GT"<=JT;3GKP*\TG>5=51Q1E,IB_CT*]_=EK#>PA7#GV>4Y MYLF^>_/;K[^_^;[]L+!!X#A#A5S,B5- #&I? M7CN8I5*P3'$[@\C"/A(-B3V&7RKT$JQ&DY2T*%VEN,@F\06PQ##)IS%Z6!F8 M"=P2MJYW5,&2Y54RM8F\R^Q!%4@L)0"&(!@@''%#_18AD0Q%#,\\GS[<)M66 MOEV*2CW!-26FFW1]*R3>%-^;1\;WC2IM9,V2L-P%KU,JR6C)M;3;PS%(:&MI M+9&3+RF&);GUZ&PS .O/86:[CK3;4)<2A5"F2>41VD )7E&-4=A0?("+- /] MWP&M[1(#G-?I1=I-:-AJ ER8F7528.U1RJO][MJ6K#=!#3?,35!E>.:@MO)' M0-C9N'2VJTC&9OXK)EGVT!]GOUZ'17CU]NP_9F-KR^1&6R;/*1V\6?9[6X59 MN*X?)G?P5P9"6ED[SLD*:V>=Q;0T=[6+FU:WVN*,2IEE]^769)D*R&VH!7H- M8S.,54NK]=V;7W[[KS??6^Y'UZF$L%9?%=/;'41LJV%56C7(Y":97F>VTJ;S MIILX_R.98L2/M2?E)Y2HQN>&92Y%)4^:2B:P\>E;4*U@OL9QN?%@'WBV$O"S MM1B5%F)0-B=" <>XL&P0]'U+JI_+C;,R@U0,@-JUV7I3;^6-($8>CZTQS3%2KI0:^#$@ MU_ <,!%YJ7$O9@4^Q1KV8L%*W>)NW+"J8+81NET/&VU8%0/Q\VT&]J4$9YI# MG(QQ3IFD>#.G"^[F;@X),'G5-C,=XU)[[6VMB(^NY6"4CBSEJQSP0\LU7RS, M6J$KD=@KM66O[YYUUTIL5'?BG)AVFO:W!&0"9-,J$1\>C GZRMWSP8'-;I)\ MH;1XT'F:W1$?M0)_%!9@CEOTF*QB025<_XZQS>17O6E<@NX!5JDQ[ M4Z%=/NUL,?2WFQ4HH7'I4UNU<%8AD UK+Z1S2;UC],BWEIJ@[:OGU3K9G;@$ M/;C5CT)ECKG? IT_(%R]OO.<)F0'KQU=9P8K(B,AEDE<% M&VV2(LP8<)2I%^MPY;G[5.8(DR_5UD_I%F>@03MOMQ47 M SR?4"K)Z4J7=UY96[ND=<%G'8:!'L?-34M0W#6W$0.$:;:384D:NW\7%^ 3 M8UL_0#LMK->/$K&!)8.RE>'J8+D&'#>-Y[NY=@NL]!F2R36NW*BR)RG80!OF M5O?77NK;JG!C^2')Q+K@ORJ))W",D'Q>P"!:Y*O\S3HY8; MYDG46QN^(T\LVX4JEXFN OB!M6<]RH:V4+R)F2XK=["N8+9JI4HFUDU;K+M2 M]PVMM4!W:WPI4D0L*O9"*Q-;E,H)?NODNG*,%W1@9=]&U4Y.7E4'S";I/V;) M^*':&REK^2>C>L\0?ZE?;GT_JT^J*JTRG5"%D;/R-;5L)/-'K#47<]^W75I@ M,\*@6UKUX77!>;/7@\K@K@Q2;)V!S?)62U)JYP)D& O6P>K=)>/LMMQU+S>5 M,*5=4:6\%1QE0"XMKI,U]@H9PYJKDEQKK5:9NPTQ>N.&I.D ];:U';)%BC>84%,E&*6Y7@^F#>[SZ;C6')0[ZLV4N QR,4MFUG"4M3VU%+ "OK#? F (OVF MW7&T;9.**G-[P+WW616:%G.UETW>+V;*RIBX] %MK[WYOEB5>ZO24K"@WUUV M$VWE&[X_*P.VQ0>W'&=[QA&O+Z7.RDN3C;>A>ZNQ;7MPMQ?\ZMX M4A4&^(UN@0_N9/2QE>+\];*IA?S4Z)K]SOSPD"BIA$M%%-"(_O_M75ESVTB2 M?I[^%0C%;(P40NUGM,S]7(AH#?)^E7G6Y;6^' M?SZI>-L$\$.:@K#=X$H@X]42OT0 A"P+L*(!I@SR&A)#5.B7+-"5,.J5-7@" M@^H/]/-K>,3OPCC%T5_5LV7T,$9" #^SO\@.DJO?16G /)4X#"#2@O+%I\+D MDYEV4?81.X%E:;R!M M()G_Q#H(=[J:'3&/2A.?R]@>P+F6(Q9SK^?74L; D\!H;KGT\)IU3;&E^;I M? =+HSV,1&#-CO!ZOGO">F"=.[TU1 3.1<\N6UB0)CLS9E,0R$>E? MK,>)TX@RTF-Q'HWCTA<12I*.E3!CU-'^I()ZZ=T-WB!O]X@+%;#24<9C8P:S M160!'* AF"4J2XS!]F1:ZQ[TT^TG9'V0K[*J&T;Z@N;-UUQA=WQ08#-?X[K1 MKU]>-GIFLV&V^]TKL]TSE:_1O&QV&M7V->976A\P=NPC(#[&K!'>4"+J%[QS M$3]V'B-13;"HYX8X;R(DW<9BP]L,H*IJAJY@3E*]P:]05_'L>0+ IYH\<*$*]' <41GQS-RD_"$^HP*OI_ABL1<8 MX4&;E(-Y- '-)7(PKF!F41XOHF1BHW);YP^'L*6!5#KR5- /-DU95IJBP.<) M#-U;S^*N OQ<'DK](FM-$)=RYUQO[^^_?,UYRK$--+;^XP>.3-/BWWDQ(8XI MG&.2]+4KDQW6ZY-6(V:YX0**D(&6/ID[CI74%(EK7$ILHAE864 MG-8:L D3R^3&2"0F9* ;[*K/F-P61Z\0 NLMS'DE\"EJ5^,Q9#J*B9+4M^;. MC6@"'#IF3)Z-4S/$ZS=D2D\"F[+UXB+6SWX&NN4\9;'L%SOT<8Y--11I!9&]%.3IP;YP> M>?MDI"BYS,5!=M7N\F!]\K1,5^-#'&M:A04.95L<*H,\XF]MS78 MJ&1"5J[>NLJ^3FJ2S=/9.)J^R-K4F2%&^< MQQ-D\N0SYK6P]F.?LE_MIH_Z6HT>?"?14]/<&;'6ZLI<"4;;OC%C^3"Q=(J; MP(W ;3-2M?0UGJ\TR^!SVS1!)O0B]"+TVC5Z-0B]"+T(OJ[&92[PV"0DWW@@)%USO4(#GT^GK M$K^R<$'19@!I^T.6AW:=Y('D@>1!/=?15M! XD#B4'UQF#T&=N3B0)G]Q;2] MC:\6"E@8!>(J;W&T6#97*D*@M!)VKY)VVNQK4SUZ$\YEX2[**9=)E1V0Y+6; MQ2<42/)(\DCRYM*IUS ;VKR1A<0IBRP5[8Z1B)&(D8A19FD[$EZ.L<'#7\F= MIO(ZK/A:*DPW47BD&.DJ"P=0V+ \ZHCD@N2"Y.( Y.)4^[G%XXXGD+"0L)"P M;..VE"A.#!].&$&LZ7OM.2F1"L+KU&$ MKP+:\(A$L]TBT231)-$LGVB>-O8OFL=A&Y/@DN"6.[YY]+J5LFX?/B]JZU$, MDS6!R09^A.T&M-U?>Q!G4%>EDGZB%'!8OJ[OO.E;="D+)Q1MYI-10#!#,)./ M,I@%N3($,P0S!#,$,^H\&ADSA#*$,H0RA:),OZ!DY@&C3"9Z\TYT,)SW^YU- M+$.T"O:;KU";6>[\I":SVTZ)FLR6O\EL^M[^9F*X2D_9#3IGSW0YR,-$9I2< MF5+:+K5C*WAR/#E)*PK]^ -I:8I/J)'MHL>KW8^4%D^+K\#B*Y^GI$:V2VA% MC6QW-Q]J9$N-;'7Q$C6RI4:V&@A&C6SWWF./6CL6H Z([:B1+;%="=F.T([8 MKLQH1X>*WVYD2_UKJU>NE<^C;D]":E"[ M-LFZ/6TI@;)P0=%F &G[ Y:'?IU:$)(\D#RD%RV0?B!Y('E(Y*&AS5TY%'F@ MG#VUJ"WF0OX^-&8D8B1B) M&&67MB,A-:FE9IP4.2R+.B*Y(+D@N3@ N3C5=W2$ @HD+20M)"V4G=K,HZ$V MM7KIV^AJN^;AZ/MU54ADJZL.CT)(DN"2X>\ZK M';MNI;S;XC:ULWTARM1SJ1*'#DO5D*D:YU4;77U5J6\1K1(\5+3[0,8&H1>A MEZ[S*[W=-A%Z$7I5!;U:NVO(6PD>(O0B]"+TJ@IZ]?1=,TGHE0^. M41?@S2=7>!?@:W\,##8U!@ZW71^[SSJ>@1>6#QW/\FSLI,I#*Q0MC'C2[!?O M+M?9YK?H3K7AR IA5<:+Q0W/#XV _1DY -?XW('LG-;$N',MD]+:*)EIOJZ&P,NP0;!-N%>71A&=K,?F>NP9\8E M73S?0-C&!<-N9]?/C1?'=>'G*<'4!?;E6BPL;WG F>1_+H]D><)RN;\_%% 9 M(J4$7_?>0D+N%B@8#YVQA;=#(&KXD3LP)M9T9\O\>_VB!8CDNO"QGH7!?OK8 M&,_(=Z5+&U0XVS<=7W5U^D NZ9>>]OV.=XX#*%R*WO6[6E:!O>IK>@#W[YU> M#=:@A_9 61[9HY2#1M8S@[\8Z$7+&;Q2.:A6'"]"G>/'^B>6-IX1-Y"R/,@, M(]! FFL /60Q4%-@3T)X_^/_P*C!#4YCV3CQ;LL!#"B]TP2YBH.S1IT$NP_G 2\1?P]>2 M-&8#= 8 _"UGS W+&XC? _>XV'1>EO'B)_(9QI.+*T6*&ZF^HX ]P JN7-_^ M\?&7O_T:C_&- 6]R+I@;U_4E"K\,+VT[&D75ZV^I>-]DWCMM_M MW]2O.Y==\Z;=:7=N+B]//KZR>[)4>W#&(*2?V8OQS1];BZ-,;YI-&<^X4#/J MAH&\ND+5!*\H#!]&0EBME,I*#]M9.LO2_DQS*.[\-,;PKA'7Z6;-U5":+"=$ M9PN%T77]%_Y^.XM7;MU,N[.%#) +Y=5A?[,;CG]G7^/YP=AR<[$K$W^3#"SB M%8##KJM^\]M)_43\S0&8XK_79]VQ%3PYGIRD%85^_(&,QHI/5!_Z.A!"A8E0 M?U@3SM['_YAA[G3>V2JD)'34FEMXMGH=DYQ2K_-?;\>FYD;)U)*V?+RQT]=7 MOK2+&A^O1>?EM-7>=O%2&G&IM@" 'P;^>"4UL4$$MIH\K/\0W:(XGA.R\1LJ M:T->W@VOEBLQ1\1EX8R]2-UA"9>,:*-8Q5X@J;B5S,YZ04>K%A.'S,]CU8#SXF-K M)%**851=%<25[H2YN]+BP^^N:O9G*S%V3LU*<)U&NV=Q,?(&"!V&?:L0=":GO*4!M7V4%Q:XEDCNE'4?1HRSU>H< M\"-@;:RZPJH!Q[/=:"!K3F7%U'@2A;F;#^??,0&_%\5132,NI6K4/]R.)ZX_ M9FY_R=XGXTL[XF)R]A6XE)K3J.=36:RSX*9U0?MKYFKH_*;'9;?F TM]3?MHZJ_*=GC MM'BJO%K58Z+*JS)77GWW J#ODPL1-*8@+D\?N_ !L M(<^PHR!@GCTE+B,N>\O?V6JAZ8+J*4.*P4*)FMK2=7">0() @D#A MD#!KG2:9$FNA!)5;+2;BESDI,$>6.:KRXYECZYMXT\=S;U[2?::A#:5+?[X* MGRNR)6^)9+%T^OT(1JDPJ!I7T*&E9);=4JH$\VU2B+[:772[[(AVI+A'ZGIWOIE.4[C8$EVX5.GCNH=^;46%9+%T^OT(1:S1*[Z',HD6 MB1:)%HF6;K/RL*Q'NFQIWY=8]'=V%+8L/%>T1B3%=\3R1)*H$\ M4=22+EO:Y@3* 8OX<5_?4"$,.%P-?"1"K3,>1$)-0DU"70*A;G5)J,MKPA^6 MI?[614L8!RZ&&>F^@2))> #W#9BU;E=;23;=-T 10KI/A?"M//C6;C0)W C< M"-S*SF($;AN5P3?K=%E4%2Z+^O5=Q,^?+&OR_MX>L4'DLB_#C%4N\;&_YV MW)@W9N/RKM._O&YW+KOF3;M] M=]WOF2@P*OP^IJ&5K*0N8AD IO":$3 ^ M878(: +#+(6X545SV=5FJ\^_OX(!5;F+THJX!:VCY1:T5GN_=V%5^R8O6CPM MO@*+KWR69=OKH;9+FG;+78NH_3*M&S!I/;;\+IX=326^4&[B6LN/.^QH/G2+ M77&U"<V\.C<&0^I@:W5 ;/<6 MV\U&KHCMB.T([8CM#I'M5D8[.A:VF$GO6?#LV,PXE0>_SF3B*CG3:WY([FDW MF!5X;& ,HD DQD;,F,)'^Y3]:I=*ZRMB>(M5#Z!X05_APEO$.N*"A0IA8ND4 M-X$;@=N&9XOT5=17FF7P.3H/2.A5 E8D]%KCN#.A%Z$7H5>)6)'0:V52-?4= M^*DTRVR+7I7/MVY/PD\8X61(H[+@KW'^'5Q=T(7W"]0P&> M3T?;K0IEX8*BS0#2]H.MH*&D@<2!RJ+PZSQ\".7!PH ML[^8MK<_)]+["%@8!9ZABN8-B^-IUB($ZG!Z>IPV^]I4C]Z$=41R07)!H8E,3XU05RFUT*TFI.AGMMZU@JZ!KGM<@6EEXC2)\%="& M1R2:[1:))HDFB6;Y1/.TL7_1/ [;F 27!+?<\5%;CV*83%/[ MIK)0KU0=FDISW+11WUV#N;)P0M%F/AD%!#,$,_DH@UF0*T,P0S!#,$,PH\ZC MD3%#*$,H0RA3*,KT=]>SMBR,H#%ZL[CQ[,XFEB':3+O(O5-MV>2JUF:6.S^I MR>RV4Z(FL^5O,IN^M[^9&*[24W8ME)"*8*;+01XF,J/DS)32=JD=6\&3X\E) M6E'HQQ](2U-\0HUL%SU>[7ZDM'A:? 467_D\)36R74(K:F2[N_E0(UMJ9*N+ MEZB1+36RU4 P:F2[]QY[U-JQ '5 ;$>-;(GM2LAVA';$=F5&.SI4_'8C6^I? M6[URA8-O,V12FZ&=E$^5".M*IY )O0B]-B-56UO?@6JS#*$7H5=)6)'0:Q]5 MZI5F&4(O0J^2L"*AU^KHI:U#9K599EOTJGP>=7L24H/:M4G6[6E+"92%"XHV M TC;'[ \].O4@I#D@>0AO6B!] /) \E#(@\-;>[*H<@#Y>RI16TQ%_+WJ5$F MW4=:&5UV0))GUNKZX@(D>R1[)'OKT8DZ:.KTR$C$2,1(Q"B[M!T)J4DM->.D MR&%9U!')!#RBV32I@S2))HEF"463VM26Q9,DP27!W7->[=AU*^7=%K>IG>T+ M4::>2Y4X=%BJADS5.*_:Z.JK2GV+:)7@H:+=!S(V"+T(O72=7^GMKG%N)7B( MT(O0B]"K*NC5VEU#WDKP$*$7H1>A5U70JZ?OFDE"KWQP;'$7X'G__O5=Q,^? M+&OR_MX>L4'DLB_#SRR\DL&E:Y^'_ ''>X#%7[F^_>/C+W_[=?:1KX$_B.SP M_ZP@L+QP^KMC/3JN$T[SSP*!/:3B-S;\[>3N!F_A_U?CWP\W)X8S@ \L.SQO M]!MF][9S>]7L-=K7_?:U>=GJ7';-FW;[ME'OW)U\?+4K60J_T>)RWJ8N:_$I M=KG0QL#7(\M[@BD[GKBC_-H? _M-D^AQ]P,W7A1)1?M7:Q@"*W/+E57V''NL MLN"9&58 _^.JR3#?O-LJ-3BE!J?S'J]VGTI:/"V^ HNO2(:K='Y),MVW>B\6 MG$?6WB_F810PEI)D#+\8\?1O!AIV>7]3\F^)C^"Q>^>G(9G'6(MG*@)(E>NX M#)0XN#ZP_XR\#%0UZS4"IAT"$W$4P1;UT9T7U-LQTU)G2>HLN1^VHSZZQ':$ M=L1VQ\%VQ?;1+9,QN#TO7EFNY=G,L$+CD3TYG@?3%-;AX@<"%P(7#9D>72 M[>KKLE@%'B!P(7 A<-F1Y6(V=9_**#0AT0_:"I1)'$@<*B\.O8XV M+_]0Y(&R04MNBA'7O3B>'07!6H>^C]#+/S5K9EO?!5/4&:$B\E==[750LE=O MZ^OU1;)'LD>RM[KL=5OZ+K4FV2/9(]E;0_8:Q=<;'8?L4>(I>V:3>0/]IS7I MNF:ZKGF-PN9ZAYIE4.QWMU8$X1?AE[8CI2:URR#\(OPJ ><1?I']1?A%^$7X M=43X1?97<;42VS?\6:U[3Z[S#Q#%&<+F>.&E;?N1AQ717X'2ML/X.OU^S-OZ M7;W7[[4NSC:9/%GR_R/8^^.XC/]+X80&P/ M"&8S456^=+_W,._-F7.=R1;:5.F39_QA30WDMIIHJW3G>)9G.Y9KI+QJW(>6 M-["" 3>N?/B/<1IW76K4/]Q=WE\E?YH?S@R'\X@-YC_^?3*P0I9[_O+^>^[Q MS_Z%F,YYO5\S,K_#?D_,X^*FYO/[$"4F^Y%Q^N!/'-OHFKVS]\:][4\8!H+_ M\ ="],1/TBG5,J\T7D:./8(-M +X*$'**+Q M&7,8VS+XR K8^:/%8;T3:XI,:E@O2*%QQ/$"0<.2KX3OA_"\Q>&A<69*%X;Q M $3W@-6?(F<@HM@!^S-R IA']H?Q0$A.9RAVZIG)HQ7)I&K&T'("X]ER(X:S MQ1_)V<#:.$_'88Y(5DG@<\GZ@.@'/P@<\^B9_S3\B(KF!IF#;F@)]X'DN5.#6O@ M3^+I3V N3@AD5>]4S#"42(0[Z8190LYK1S8)8$S'%A2,:9D0"4?&X"MGQC(8.7SW!EG5>:,7L.X !/)C&HQQ*",?$Y^%YD+XF_F[B M ENC&'A<2!Z.YWBV#_*>\+'Q.%5P@]+'V<22-^'#(.$+ Q0$%,5/X$M\%6SF M>?J)&ALD\#O>FR]> /211,-.>\CYV'D/9^ZQ4"7E8.7Q%./9.0@KQLS(,) 5 M&B^.ZR*2!FSB!RB/+PZ@%7=@*RT4H0SA19N_&(5R<\6? 2>"Y,9D!E*XT0!D M'T8'^&-!YC=O3;@FI#"9D!^%W!D(=9.^49+Z0LP%N<9RN0^$=R:1"\3G0ZZK59N%8PLX- _/K$?YAM@4F=\5<'+RFV!DG3^&NB,Z,5I@?$-Y\.9FX M&=T#2\CH@*'25*]Y'3_+;PE\ DR17[4@RYS1\JL7\)HA,<^KC7_P^=N=WPTN M=GW@<-OU$:-AM9]],&::QLGM>.+Z4\9B&3>^@O#Q$P+H0@ Z-A$60W1J0[9J MAG'R"=C*$Y+!C7/COWU_@* "5B)H?=<93I'7<9@'L*@$!\4_,3X!?S@!2MO% MB6292%JPB9$&1B \[K)S'K*)\6>$AUR1B9]1S\-PH/K'S.(1L,X$N 6^!\5/K.?-N/*MI3P@E.+/"<$%K7!XQ13M<9H"1H8 Q/62FKUH:SA'-QX M"F#VP8#B1>!^(OY(,$6F=IFT;@*U:%07./DISGG T$J!G49KT\JO*S-[L42T M@AA.'#9E&_@Q"SQ';KM1IGM1-E2B18 /C"&1,,'6!7 M(7 #48.X\E$IXR"JCZI-/'DP:9$$\;KAQG,DX M57@R,!3C*![!%Z(6T&>.>Y/,!W+B+ /]GII8UB6&>(^?1F0UH M.$)%P,9$PDB!O4X5\^"*G2 M=LUF?8ZV$\:B(]5=;.(ZZE'\. 8S_P4D"H:5H8! N%J :^B;H:\JM=;IR>=O M_WMR)K@?32]< +2"^G(MF7@0 ];F3KRV<$520X J",;H"P<^ M^H4P!T"5LPQR)A%+1 1A>F=IF.C?* FQ )(C(]6DY7[N1RD)Y \ :"S'38:9 MJJ]K$LI%!(D;0.U8;9V@^3L6 LR9ZPIE&J"GK$ -[!B0:Q@'5$0@$?AH 8\)\G/N@7.9TP #\9_1P9I#A)Z?*"L?*E M+@$&K[)J9D:YQ%9[%A5QZ%@.!LY 4%[%@*<9TSPS[C_F8B42>RY:$M[M-&O5 M6@IWK?-Z/QNF_<9 )D V!8A7+6XDQZ&CG7V\GKY=,BV,8.(8,.R$N M("T!M55D3#Y]RL_D\Q(2Y1BUF9\K?U>8 OXC[))2[4K$X]%J>==?)"M00BUI M4PM8J*D%^'9LAC\0>$B_KJ* B,BYDR/#2@'@),4EQSNAPR-"+,+@"-D1G M@\=KP1BP"I_+[).,$;*?*O4CS6(?$'3F[3!U8&FL6)$@&57H$?6L,DD] M*X2_:HD;!CB.R4U!4,R:"X\!W#3X>4Q2D;^S.-C$H"YQV0X75C]*Q!*6O(E$ MBF"^LQQ/')/&:397I,"DS<"\$>[<0.D3!W2@<'/5\[&5*J+EG,T,PCQAD2!4^&7-#PJN"$-HDZ$^XX\\5HOJ%@FF@I@ M!\:6]<"WHW'69QHJI[9LM+1 18<"6)#$$K.+ U%%&XUP/@L&S=%)$ MG8&(\JHMD>C,088! %#K/3/7G\BLNTPJ84A;444^"H8R+,[A([9 7R%C"'4E MR;50:\G(51"[YDI]QRNK*;T7!U1>;;2*!S!UR:8O%LE$ &40"*?#=3.Y!@NM M<^&N2^LV8*ZP]>'A5SR,[_%%%+R6,ZR1LT1$*\-=\#%:XXB<(!^BUB+62;!' M:84%,I&#J4HP?3#N]^)'+FQY6A&'TI:61LRKHGB[&..137U/JB$E-H#^, ,V MR.I,.1<>ZU-! 2'HTW0+@"*4M"L&;9-0E(SM ?>^^,HUY2GL^=[[?*1,^L32 M!@0Y#3)Y,15[4V$IV-#3X6R@3;[AK"8=MOS &<-YC&EY_+V4.B$O231>N.8Q M:V7JM!+C4H4Z1&8P?3(7Y#M=$*-4\WLMXS*XX>933?,U0\3CCY:^8CE?SZEX M7:EJ-5?GB@H'8,\+;S'TL%9IZ^7=U>V-V>C?W=8;-S>WK>[ES:TL;>TVZHU6 MI_#2UD)+65/*&)(TU1#;S$F(Y?^JQ&JR\A5'T:7AI[:&/4MW(2_,(A>0S=AA MW.P%_ '\;Z:"3]E+X%YFDPBY!\60CU$8UUHN2AD(DT/Z1@H7)"JI8%K^E2*7 MD6+0G#?*8J4$K);G*FZ?$V<_-@:(#6?K" Q M-J07CGN3&5&\+ FLIE.-=S*-!LR=ADKM3:)@XHOD\5 F5(/XI6A "EY6)<"I MB82#H&.ZJ')530XL.FE"2NMYWF_S9F"Z5[,R$XX"/WH:I8(S,\6YO;R\7/Q\#-P+/WAZUZC7F^_PZW?XPQ/U>TRO M_G8B&!(LU1,<^MW,V!]_^?4=CN.\Q___^/]02P,$% @ T7[Z2K6;*1W> M!P 8D4 ! !B;6DM,C Q-S V,S N>'-D[5S;;N,V$'W?KV#UM 6JV([3 MW298I\AE4QCP9H,DO;P5M#2VB95(+TDE<;^^0TJR9%M13-EM%U6 /,C4S.'A M'%Z&E)0//S_%$7D J9C@ Z]WT/4(\$"$C$\'WJ]W_MG=Q7#H_7SZYL-WOO_' M^>V(7(H@B8%K^^ZV.[L*5%I M+*,#(:=HV>UWS.TQ59";<\%Y$E<[A%IV]&(.'33RT0HD"W(_8\1JZF%<:^]:Z=WQ\W+%WEZ8JK#)$V%[GCT^C.ZN*=_J&$*L2B^=":L(WHCNA M:FP]$^5/*9W;4/G=GM_O>235=B0"JFU/RGQL(RH=.Q!IE9?X!=0!54"[FXPM_;,8ND7$'Y6( 8BL>&8N_=#A0M,H>IF6:W MIU3VVBL/A[#D'CO77SUG;D.C['F=.NZ133,FS6F4!?G1_@JWE*/D8"K^T:U* M!<'!5#QT I%P+1=;3VE5?OF/)G/9*F@B)68I#=B4'9>_=N83 C.(1RY4.)\S/A%I"9:9)?LD M7[=O84)L9GJ2K9KU^6MG+L4)C+^WF^_F= HP-,>'.+ M#?S5A,(N4.@2))%MPZC@F".8*7O@*8QU!%G#_^TVA3!Q;1.Z,,Z^W29%=.S: M)'2!Z-MLS5R":VO01>'>ME&O,P#W:$ 8;NG. MR(F^X+X6<] WDA8L2> 5?L M 49"*8\8^U]OA[4;7DOJ9:R<2$ZEZ&>GA[UNO]?M$I]<,A5$0B42\$<)DUA0 MLH)*#.R'SCK86C6)0D;\U%ZO1RYSSDQJ'-?&^=9^JV.ITBTKS(7912Y3(#@V M4'V>G/'P8D;Y%-20O^AX"9JR:*]R[\REKKL<=?M'W<,FW07-"F9$3 CE(CLR>;'C]1MVO U>!(F9 M/OC:Z9IVNGLZCF"OG2=#K.L$_6Z_W^TUZ@1O4_AV:?@U8,4QXP&@UQ2RMCRZN(E9,T M6V/6CY5>U5A98I,E."FAEZQ;-9:V#7F#@>8*73\*>U7)L(.HKZ.T3@/W',,1 MN3[7Z%7E&D[BMB_G.*>*X;[SIM0(!_VJO-UG58MBLOLR3HLTN,#E7T0L- DQ M7H>8!D-X3B/S%/AN!J!=AM068#4*H3KX9Q2ZPVC:%T/L.4"!29:@)$,E*6S; M!5L&# ?$!56SJT@\[BQ<-6B]@$=;"UB@F]%G\(FMH*52K@2[O",=_U<>%@Q%^8P),,A%JCE,I2?X5Z#O@')1,B" MS.1"*.T^$^Y63_W4>%AQ#E8M[,9C8*R6Y/4N34W-K9PQJT2ZIM*D<@^P'\TW MX%Z4=N.QZ[/2+K%?Q*Z07!!K5\:?ZI8&@TZL?"DC&]FS?+A\[**%LF9GD7GL57V MJI?C?84Q[NT,M?L"5.%MZ/F(059!VAS\&Q$QL]W?180E1IT89L>T.1HVQ<#"MSE@FX;%73)6\#7! M!GQ\_&)?H$;NLCF-O-MS,!K[LZBR.2W P\3 M(_.E*@JEF4X,PB]2)/.!9S_9/F$:8H^D;^VG)6&2'IH/\8X)@4?2\KFM^-Y: MYC;E#VJ>:SIN=<>8J1GS6PC$E+._(!R&:,HFS' \4PITVD0)X1D/1UC,(F8^ M8L![F->%0VYZEY +<_R%=G-3TWJ0_LF*FH-=Y#,.,B$M/%V?DGB,<@\T@]?[M)^]+_%7 2 MBIBRQKWEV9;4G'>>93[+9FUGVUQ#A&!\NN\FCB@/)TAJ1!]5PO2J5,_=_.:$ MNF8!E/9?JZUX[N9_UHJ<]?K;\&8^K7T[.\V_+^PGM]D9(>;B>3OW!_&UL[5U9!(6+5-D>XJ4K;VUV^"I&S*DLB2JEBDHO=%!XDC\2&1!Y!(_.-? M7\XG)Q?0M/5L^N,3]@-]<@+3.$OU]../3W[[0)Y]>/'FS9-__?-O__@O0O[S M_/W;DY>SN#B'Z?SD10-^#NGD_SYH_Z@M/R*K2R?*/ M23W]X^_E1_ MG'QIZ[^W\0S._=M9]/-EWV?S^:>_/WWZ^?/G'[Z$9O+#K/GX ME%,JGGZM=6>)\A^Y*D;*1X1Q(M@/7]KTY 1'.&V7?7?HY*KXEQOE/XME:>:< M>[K\]FO1MKZM(#;+GO[GY[ MO[G62/#I(S3G,(?FAS@[?UK*/'T6$?K%I*#^;GX&S8O9^:<&SF#:UA?P=M:V M2-*RY;,&\H]/PGF-8#!#M: %BO_N7']^^0E^?-+6YY\FB,C3?9)\E#]CPC9>X@3W[9UKE=KIWVWF"/Q(P$V M3.\CPO6K#Q/H/>SKK0Q)_I^+NJV72.ZD\6;1_1#2E57NK#$@62DM>_"3U_44 M!6CM)V^F>=:<+YGO9=W&R:Q=-+LG^+[M'& ('6%_8','&%"WI?>PUH8;SG/? MUBC]3[$+U /+7G>0O*7&<&2]P&4UF]2IR"3\.Z$L@O3<3XH5\>$,8+X+V.X- M[)GH#P@1G*]T[ O?GKV>S#X_B/BM#>UG$->ZW%0*;]!,/H=[C*)C2_L?QKM/ MT/@N"J=[ X,2/4?G YV0&MJW*!@^+GLJIMGL_+R>+TG837?W-D8FO9N,?TA3 MPPWDRL7#[EXA'?/+#7F\@_ N58 Y3R/7\%$7;+F2W5=DO89N> MQB\P/X6F1C\[KHN\F+7S;KPQ2-O['>HOOBD"X@(>/J*[FM@OX9T,EMT5AR/R MM:^;?_O) GX&7XR@M03>L)3:>;/H(A0?T-)PPUBIN%_]EYW@WE)R+V1TX\R[ M*PQ'U"_P^;2936<+-,NZ3.2=Y?=(TBF: 445W9>T[^L-1^*'16CASP5V\NJB M VAW%;^3H.@GL>P'H-YZB_^OBY>N!]RG6_4.7^: !FX:K_]A-[V^TE^HOZ)_ M,HO79F1-\W+7-?LV+/=(%RWYZ/VGIV6JGL)DWEY]LIP\0MEZ$_>_UQ]7-ZE: MK=!"&^J]=QF7ZA5Q$Q]@\N,3)*2Z3_6*>PW&)$Z\=I)HEBUA45M"K- MI=T\R]9)8(6RR MX(RSH0M>&QS_K(DGLR9!\^,3]N3D,]0?S^;+/U>M^";>6 C7M_/7)9ZVB_.5 M[4EJ]%ZNZI=CBGTSQNR0 ./P1V'&[VE^C=8RH)?_*RW)\K7M:/ECNS2Q+G:*SW<"\7GE8FS[BL_0_BW:^^O0VB?_M M^Q8;>[C"WA]!%0C.19*&A, EBNZX_'-O>PR8XJCD< MRYRX"Y"7.-HII(UAESTNG(?F S07=82RP?6B@53/GS5U6T\_OEPT^',U5RM< M'K:K/9\V\_E](/_EZ6JH/O,3V3%%%K8XT2B!!:DYX1*RH1"M8L&"$ MTY)[JQZUO?_(UM[QS??N-7EC.Q$_&,2.N'W)#-AZ15DV5N'L60TH)4)R1&>J MB/:& 4W*,'O\[N[!3;;#SLB1>,.WG7'M8>_ZKB"WO7:UW64?K,>'!:$=CHXC M@V44#MP9W#5XC_<-U!IQ*^EM[4,]P=F!8A-\F,_B'V>S"T.]LM M['!+Z2I*Z420C$C)+(&$?_%,-:$J9QNX7B,7+(/D ; MBUE.FUE:Q/GO):)Q.K]$9F\6?O)B[4RBR;>393JV@!@H;:US./QL"9?4$RB M.TUC3!RT-.;AC",?(^/L#[JQV&<9?=A9Z=Q2NK)*2EP;'LTR7TRU[$D$K8C6 MGCEN$M>&/YPMU&-DBV%@&G4W?P.!7V;3N),3[JY492ZD8/2 XJG2Y?@9S\X#T0=+G08U62R@4RG4K7"(J M,TJ$#^&\^S5446ER" G0\/.6 M6(VP)&/1C? RIN"4T+''^?#HQM%>)-M^\1R+PS:N3BXO4FYYYCC%L1D8,IFHU&^ M4HEVHDP$?!(D60HL(V B];@181X_6PR"V9AB8S9=DKR\/[E#5FP6K:+ (5'M M"1AP1+.D2-#HIP89J')9V\![1%^,L^G?=[)N$0D],1IMQ__KN?2IK].;Z0O_ MJ9[[R<8(MNW^[ZQ<26:=HMH2IQPEW%I*C$B9*,Z<4U8K*\6QN^$#<\=>4!OO M.M3<%U/IE6^FY3!K(Z*F&%&QWF:V[JY<4:UBX%82DZ,G,;I E%&<\ P^&YDH M9>SA_#*.$SXPO^P%M1%/%'=%CW6\V'K/EM!(1_-*,T\\#9%8BPZAQH5#1,:E ME;ST4MEC=[&'ECQ[AW LMOIM"K@:<$U\>'?ZX! M\*CQA\#A"1!)H)1%=ZZ'5Z/&"1D=F#L&@6FT$Z-FF>+CLI/->K-P):DV5CI. MHN2,^*P-"1QQRUHC=^?,L^LA'?2C9(!!8!I-L;3M1M#@;?IB6:"*FBH36$+) M916Q7#IL4:$S'I7)PC/M'729Z'V.HD.[]593U!&\ZY]>[;-H\:O*R] MFA0ERT)0,KE',J4/FH_O'>B'03)VF-Q[B%!?E/-U-)FZ!\O=5JU*R1BC8B)9 MHJI5FAKBRK@9@+,95XEE/132.([R< PP,%1C,<:;:)TFYZ'0_X)!B_^%3=M?<]\5H="XH M[T&\F9XVLPAM)RZX5J%BF3%/LR".BE"V^QAQ3@FB@N#*.M!<]X@\&4?V#\\% M?3$:G0O>^\\_^SDTM9]T8H+-\I5Q(25I!.$\<0(9^]$61\K0_4Y.*Y7[&(#C MJ('A>: G1..%/\,G7Z=77SZ5>VU7=[Z[.G<=:E><.PG:2 &K29G!;,J'OV%O.&FM"NO/!2[ YRIO81/#<1Z=8D< M/DU@G4+_V2J?R/+S.\?9[;"M5Q>54HI9R=!X%T")U%*2'+TEQ6PWR0D>:8^# MEI%R<^R-!0\(\UC,6GRY.;RM+R"]F<[]]&,=)K"2]-O5W?:*E73,FB"+@LB) MH"51HK28)*:<2DCGI1!''R@P@,(;'*51(_+7A'8.MO^^?.4"-]D'AXSN#-'< MH*47;:W4?Q&J[ESA,JL M2RX@6 M&S?,$P7+'40KB/(IN^PDRL$>5T+'B5P?8-I[X/%M5O>9E.NASZ"-F"*H4%"" M^_%7L;DN_&3Y\LR.5E#(P'PW)TGA48R (C1[96)AL0/I@^YR2C>/)[F_Z9R/B.I:HQT%\"TG< MSD3?RE4:G2 6?2">!T$X4$"7R#K"I%(YBVR5[>$6C,,G^YJ^FUS2"[CQKBA\ MS=GZZ^P]1+13ZF4\P#?J?YWU%T9#=H-HHJUD?21<)D$LBYJ$:"BA/E!&K4V6 M#[/M\?C9\,"XC^?R?-O?V>K5?"M6!2FU*,=SXTN[UK-G<_.LDNKZK4]$@M ^"$@LE?P>UB4BKRKM*X*1& M"E3NX0.-="QT+!PT),QC[[1\?>5Q?6:ZONK>87_ECII5-BI1%@Q)Z$^20$TB M47I#M =-N1."BAXY_D;:@#T6UAH>[-&.+CODN5\/9MLY9O=6JN2 )LT$B=I(#2EK!GZ3='V.-0<:<_W6!AOO\"/ELV@7%=ZCFYS>3N\$+M+8]Y> MH4+I#3';+Y#O^A[,\K'8 M[\+0M\;U[:Y>I21#]@H(<\:1:)$0Q-<181BC,M(DX6"F;\\B_7#^G"\M0Z: MO#(U;PV>O!?3=6FPBB619%B^T"H$B1PBKD/!"8B0(4$,L4].>/N7Y\8]3<+A MV/0K9!O'T_=BR]L:J"3:K@%8Q/Z5+Y>C*1'E!U6)HS?EP>L>@2+NKV79[0WS M$<^6;L.I2/:V[^GE+8U4A@KFF-6H%T(BAEE7 MYQ_07/=0[HOZNC3T9\Z-/+ M87 =;5O$7ZX7ZO()K@8>$H7;O9$J S!>WBW407*B$6'"@6>2,Q4T."L$[W&% MC(VC9O>P3UH,QV/-%6T\!]?TJ?\]RN:Z^2?=AL2W-5"X)%1WCZ*OS M1*S+Z$E!*-J#>ZH82T%URJ5QT&#N0S'9L, >6%.N'['KIREO::1*$*0+VI*( M"XP87''$ES3.X 5ET7N50@]W89Q3A4-KRF%P'?'N4P1(;7EK]#WZ,I?KJ+^O M+V>]A+#C6MSN^A4W68!V"L&%5-Y9BB1&H8AQ(HI@-,A\]!?M]S7=-^]%[070 ML37CN_RR+D!-4]LMG>GVBI7.ED;O@%B>*,E4E50T%-UIZ9B,+((P/5CHL-IO M\^%53;5U^@B76[W9;:5;=*5*8LI"02W5]".>>X7A !YX)) M1KB<]-&_>G8 *304F =A(M3^[_*UU'I=6>AFS4I1#DKB<@F0 ^$>*-'*>2*$ M-M)2B^9J#QDTSMGW(1AH$"C'5F"O9PWJWT43S]!01(_A7DKL[LJ5]4PZ&B41 M/#FBF."$9>"$:Z,\&IPA^1YNW$C)3T=69(/".18CO4&HI6"CC#JF M3AL5_W]Y9N"U.]2 MEB$^:^H6U>C+18,_5Z*OPXH9H?_98<:UXT *-"B\" 2T+>8MW,_32A)MJRD>[94<2YR^SVVU[Y M8#8NNF/IO5O'<1=BWP3???EN=XN5"4QHEQ+)E@F2H;R=R!TG3@,W2FF;V=&G MH3PX!^X%Y[]&VH:]!:FN"2V;R:LG7AG._8AAN1BHI"D(999"V%_"683"1"\@2 M2\;1( +HL8LWVG'Y0SGL9KSK$2,_FG=U%>/;:7W?4KIRUDFP3A%3 @MY)R][29;;^2OE&J\MZ#D*:\!>$8 M6F-1D)1H>5J;4HO:,2QW M):N?P1>T,KB;UA-]Z5P949M<)C3>^N!]=NKU*Q MA*85I6A7&5QU)?D .@2X]"SS(21AN8$>)YYCO;ST."S2 2=AQ-NI]\R:=%<" M'V.#2585IU-KDD'C: /+*/)]5)ZB<_HX@H<']:B'@&FT(Y@B@F$::VC?UO/Z MHU\?GI9(L/KZWLUWIS!KZL:AX27,?3W9-RDO9W%1NBMWY9"H(DA0PIQ?R[JS MIZY?G7^:S"X!-L_R#M!E.7Z<35?G<+@L5D?D=5P7*5;9]ID8)?-;/86T0?3M M=&X19EV;J(('K@2GQ"7MR@OA@4AM):%!4Z'1*&'F@,%0-X>QMI/O/?R->I5% M TGXK(@WWA&/0R4"$B7,_/- M9L5*44EU*LD0C-1%;RHBO*)$!AZRXBYG)H_=YCP0X_3$\7"<4\R<.(?T'N:+ M9OIN6C[;F7'G/LU45(DHI5'E24Q-8LFS@>8SD,!41D.,H0/7X^1UI(BA ['5 MH+ >CLDV4]*^RZ>(6K,A:5\TD'8E?'U @Y4/FC-O/:&I/,C*;"0I ".1J^Q% M\!&._V72 _'=GO ]%@XLP:1M<16W)@>X1RM5X. $.IW$"R9(2 Y%?HF"8-DE MYX0MWS^.[ ?%J&%/Q?8XZN+'<-)X=@P ( JETID L*5>YW:ZVD\Q]8M$29'.:$CLDY65^_04E49;;6BB* MI*3NJ:3:LDP<''SX")P%RZ__>A[&)X\FS:)D].'4^1FFE%^(E(3YJ9_\A3E#R=_]4WVY620 M)L.3OY+T2_08GIU-"YU,/L31Z,LOQ3]W869.GK/HEZSW8(;A9=(+\TG=#WG^ M]9?S\Z>GIY^?[]+XYR2]/X< H/-YJ95/%+^=E8^=%5^=.? ,.3\_9_W3$]O" M43:INT(EY>/%7_OYO,#BP^[Y](_S1]^)?D*39QW&V/GDK_-'LVC9@U:H<_[O MCY.?WMIY.3*7)I$IO/9G!2_/SC\\4;(7=A_]ZD0Y.;].=> M,CPOGCGG/=M+X[CHH$_Y@TE%,OR:F@( @4*#VS\KE\Y>OYL-I%@V_QA:\\S95+KY(1I9ZV: -5-[AW#=AG>QV;G9;Z4T MJ?[?XRB+)DANU/']H^TH4I4J*TLTJ%:_/ZDAC'4TL@-H%,87HT&2#B?DDU'6 MBY-LG&[NX&WE[*$)%6&O*6X/#:KVZM63UEQS_#"+[.A_;:NP\\"DU@TJKRG1 MG%K"OE9)'/6+,'"6M1#LT4K*DIJOQF?OIHTK#+A5!?0J-*Y]5.LOQ*9 M[-(.#/>3F@K3+!D.HWRBPF:]J\OH6/5J8WP=4S9\[#.'ZKR8K@9!EO+ *;[D3#A9)-*V4_%Y9F,CKKFT$XCO.:*JZ4 MTZ+"R3",1KOK^T9,X^I.I)\-S?#.I'5U72:C:44?K+RT-[XS9W-H:JJ[1M)* MI2UIHM'$U;^TO\Z>+O1J,/(]K=P\Y\:ZC/W.JF\VBCQ7OU"^5#].>LNZ:M)- M@S"[F_35.#N[#\.OY\78=V[B/"N_F8R&9\"9)5#^.?LZ6*O@=/8KU+2(F0OK M_\T5C<,[$W\XM4H%=44%DKF$$\*0HQ3"2 JJN:A(0Q[G+-&5#"0522&1I(8^960>.5XCSMG21IWZ0?3IVR MY&P4V&H2*Y)_775STAEZMJ'VB\F0]DL1733]#Z?6^#6O7UK_V[Z%*IZ8,78T M,_?%AT[(-X^TJ+_'UH%^'5KX<[3N_5M;+H ^X I)(IGT7$]PP5Q= N1)T"6] MULP=M>FV)0N2]J";<*L#FGRCJGQCX2RAQ]+G \I^+#?MAP9NV'#8)]M/Y"V.D+- W_<70%.__ M9YQ-(L8?WS@7ZPV6"H("EU@0+ 2^\ASE<&Z1*8=;C#S-NJ3+,O?I/5=V[-75 M%DKS<.V!/+>I53N>9AIJD6:-@(!QP+FGJ$M\ AWN<"1D:08B*G!MLL"C(TMS M,'5%$FMHI2;,C#33GQ>CFSSI?7E(8ML%V12HSTDQA_UL%U9?)/@]OP>7=WNY04>-BW M_S&I =5".I1*CDL\H /KCTBM4:NU'J_G>M=$LBMFK5/=-X,D->_6,E9@V0Y2 M ^PI#U+.L*-\29 6E(@2)X,ZP[5KMCWK;[:8EOAO1+C-+76P#2# M7X&.3583^!) 5VL(D2#:NDL$NNX,26NRPDH1V:7\1,?.SSW"W-E$G/0BJW4\ M+O:)7"?II OS/(WNQGD17;M-KI)1$1BU_6,KO[\8Y28U6;YA4JXO-< (2:DX M)112(0FUMI!?XF0]>:5EZTI:UZ)57M*VJQIWUEO M?YQ9[SO+%G2ZK)#A7E)$ICJH%?HB*9ZC)\LS:KW4S7?IM6 M;!>M@\YB+VGQAOSUBA(!Y\!Q&>2NL'"XPDYL ):@$$+4H6:NV^O]I W@NC+T MEFE;?$R-V9BUW%C6&D#8U]:>E5@[S >,"C)O,T/*.^Q\]LX]68$93>#U8W#E M(+/=AT>1;:GQ;FVV_2*0Q5:^6]-[&"5QM#C'#+/41+H$@_E G[8=F0K/5^=70TB^C^F':05>HP$VP^Q7JTP M/\R6M&33ZKI*Y0/7M38 5ZXK/6L=8$& )F7;D08'N!*SM=Y-VL=OC^[OM;4S MBB-G[JWY\&>2+Z3VLIG!N6[Q73V!@>MHA'S*75=CCUO74K!Y_!-+3 Z/7:V$ M+NS^7<*]344##WBD@-GGS&< 0N%P-G>G&:Z?H6IMS5,K5&H8 MIST.8\6I55%_=D+59*G]P*1V(+Z,PKLHMG 5&[-[Q<*L*E-E/<$!][C 0&() MI"8^DQ[%\_?(TZK^4I/6EBYU-4"UAV+->.7R:3U*^L4:O^MQVGLH%N#8(?(V M^1A^,>6+LB*B65.:M1*H SP,L35 0"*4S!O*J6X_EJWUM8F-4J8[J#K<%]# M,BZ.P E?BBC>;"7H^NT+2PH$MDF^ RG2+M,<"L@( 67K?$EE;6*0HR!&H^AT MNIAQ84 K%F-N[/_5A0)/.U!3X?M8>:SP2+D[!TVP'3C@'14'&D-HC];)9]-+ M[D?1?TW_HF\5CP91. ]&E"XC'RW.AO9OXZ'ISQ@_?=)*,='CF_6!U6R8QJL/ M?*D1]R&R,S+6$&(J?6^>V-*\?LZ5'A4W#Q#K8V3YQ:@XGBU)7SJB];R^P$', M]QT?(Z88QQ@K!\P[WA&H?CJ1_; \K@ON,1*W6(O_=;A^AF^EOD!S!)2G'"A= M":T%3+$GYK%KZS'5C\Z"'Y:Y==$]1N9^FQ*96%FW#^'H]R3I/T7QEI'=]O0( M%.3 @4@HQ^.8>0C3Z3;CR?(E)NI'?9WC3$0<(NI=O0$5R#EO@74,&<"<4J8\ MWW6T!'2>@2; V6&$/*YT04U CG%06_BFH^%KX9N :^N."L"MYZF$@#ZT3NE\ MR0-'J#[ACBNIT0J..5'&MQAI'HY-Z ^TSZ4+;2]:EH<5:\>7JS@4 ME+O+:DP;LF;YUE\FNG_(;5L?[;MW;_[(S& <7T:#]2%0C %\7V-@>K,_'8TN1= 9B)YO[Z]W8U_B^]9VNV]N;-ET<'K#Q&KRF*]SV M1KM.ZJ]P*5V;>FQUK5Q7BJRZ(:Z%^K>]Z6TO*NS[P(OI'15O%-U\W,7J0@$5 M'G>ALMX6=96#K#&MI.<0 )'G(T$J.;@=M733D1;+"P1$4X&%%JJ(=4%6')?D MEBU4KK]#K'%KFV+MP15-=%+2 B('?3C%ZVMJ!VRS84_B^X<#H"22R',M(K8& MW[6.)"ZAH!AVN<]XJZV'N_;LMT39%9FNO):WBM[:NC=NXUI5)% 4XT[V7U0('NR.>- M*9Z_MFZGK MY6I,=U%CS6O!.PQ,O+\WYS6&625&4:E\H!131 NNF>LHX$ND M'?L:^)0)GT&E*VVN::?]KX?!++E!Z-MP[AHAH,;#??NRN,YF\?LH,,?GTT>32^ +YI:&)$;0B#+"P2^ZU'!)!8 MP=X2.?NG??M80O-8M3IMM9KZS6D MS)S;$:6&M, 7P'654HY$UHU5A/B E+@P%^K#<\4;YT[[L'5%I_?&UXU)'Z.> M*1S3K7R^A7(!!E!!!@3U.>8>A$JRN3< ]"&> =RNE],D6OMC1GFLUM;46"P8 M4"J+*WB9*EJ(B"ZVAI>MM6-L?6ZT-GQTS8T=X-H?.=3S5]/+3=^.M>-T]&DR MKT[7.VY%E=5B J$)Y\I'V'$ U *0XNKF&1*.VL&$;6T_1]?$:0R\_=&(#XN+ MU/X[B0X7JQJC)%T8*D5J^M%V8T\5@0%RK9WG*JJUQ1]2J*UC,3?UA*A/K=8V M<'1-K19@/!22_6[QSHK4RMIM:EM("9BKI0(*(.WY1&D@&)[C(("N3Z?6]F;L MET[UL=L?AY:GV.&ZKM9V4G3-GD: MZR+WN2P?>!6FQ;+L1_-CI/TTXLJQ\X&BRB6 N]1QBW =@4) XE6+%GQ/:3]- M/.SY#M),8HJIP Z54SQ\J:#7Y7*U!M)^E7MWI[3?=IC]$&D_1!V+MY">($H2 MQV,*^R4DDG:Z:J[%M%_ECJ^6]ML.M&-,\SB >+Y'B&2$$P()D)26+608B*-, M^U7NMJKYGGHH?8]\.*:T7^:3M9!S&_V?"=?1J0'H@ M?&B!FZO-LK0)OT=^O:QMUCNC\NOFF#_U(V;2O&K9 1 M:,$5II"[Q%<04N1HR$H,$/+KG^:^YT13<[QJ!KE]!5*Z.%U!AU'Z9QB/S4<3 M%KTPVUJ_<.[#_&;0=A69'B1P&SZWW>*%BCHY3./*/%VGR2@9CWJF QS?57>= MQ%$O:AO5F_%=9OX>VPK5XX9&SEZBXI^[,#.__?3_4$L#!!0 ( -%^^DKY MVF_:RTT #3S P 4 8FUI+3(P,3 ,@ (=BU2V%)(]WHV,C@Y7)*M'.(FM(EEKE7[\ 7YE9 ME5]LD[JQ_;6N'__XXX^__OKK'[[?EOL_%.7]C[9I.C\.?W7Q-]A7;_M?>\N^ M]=:RWSK6'[Y7N]\9U,.\:FQS&.E__?NKW__5:7[;BJ+HQ^:GPZ]6V;E?I(^U M?OP_/[W_W/CY-LNK.LFWZ>_^]"^&T=)1%OOT4WIGL(]_^?3N(KKH1_8;/^;I M/>/[8UIFQ>YSG93U^^0VW5,8S=.^ENG=^4?LR_+D"8RAB#%D^8RAWU]YN1%S'OV6^_I9]TOLJ>/R&]CO!/5 MHP>GW^LTWZ6[1C1/'FUDN__\'?UL\U2]O4^2QPW^[Z>L?@:W55TFVWKC0Q+8 MR(E=/P(@<.S(P5Y@^:;MQ @Z%MPT3]FD^=N_?.YM-M^:]-3?B7C[FL,!\PDZQ/1?N!L!=4MTV*#KW*!HK^#'= MUU7_G;?L.V]-J^L\?W^>AY>$%=NIA+7^[UDR4)3=BW02;U!NC:+][%^>\(Y2U;4@"^4O#0M!Q3R.?]?O>]Q\?!8IE_3O,J^ MI>]HRO:0_ES4Z1?:9"#UZ>^;D)A>8$=V:,?(=G!L@@#U9F,SQ!N:]=T6G=)? M;0B3S8DTC6-DW"T$;&E>^K1O4M(/]=>T-$XP&^^+JKK8:#11S",RA\,AM'XA:$T&I@S2](UUD9$2AGAZY M=>X4FEY,,6EK+=&!2)VR M@>8@I)[C8RM$!"#'(W&$O-CKA)28 -@V9W.3?;R^5M:UJP'28MW\!6I&FM)4 M,M?1@B9[4:A]Q<3:R^=DGU:?TF]I_I32X>8F(I;GQW88F2YT7.)'& 2]E="T MB%C/+_IT[1T]!6%4#)18;R[,$I^:Z*1'3$4Z$#<&A3&O;+S@8$0N9-E:ATQ( MHR_4O#.B(X2J_G#WYZ+852#??4[+;]DVK3X7^]T&NP@A'_HV#J,08).$P.X- M>G'@BXX-I UI%PN&S2CN9 1C"G^\B?\LQ(FF_"UC#2PCR7=&#\Q@R.9.\B\Q M-)K>3Z9U'7JCPI%7*;TB;GA5Z,\E'2Q^+(N[K-Y ^K0 1K9IV[$3HIC8]+F= M!1C:P:8>)ABOMAV1YXHTEOK"'.=(BVF@& ])>9_E8A(C1 Z?INCB14Q$6DI: M&/,JQI'_(Q(AP](Z-$$*>3']'1$EB+NIZ(JS$II!475LI&&D:' M\L9(!9! M@Z4PMD6R()GG:\Z&!DA&FI0Y_2@X[)*BC$^Y=+,E)E,'HD[65>:5I#.4C.C/ M% +7(3:3/"C4O4ZB*R(TU4BKNC7421:;.7*LT(0 VMB*(V1CY.,8].8<$X6; MXXTF'"LCDF:X&LG(1AJ.%9(6F9&VH&Z,?&224S&'O,M*.LF37%?J6.L%ID/U MPP)SQ)?H&5U;FLCH.B1GNANO5I>4\"*V',O4C5#?XB*GDO=$5:^3OR*O8'I7 ME-T"\9?D>UK]E.5%F=7//5*:=9T^I=TB\U-:?RWH3[[17V'K9-4FPC$T;>S0 M?P(O@O23PQQ4$-B>2&ZT)MR:.1D;7MO68^B:KD>D@36L]?!V3M M>P2ZO3?-1ON#J\;!U_X5Z#8,MBX81S[<]+U!PP3M":B*T0=12/LV%VTI66+C MP2PQO+J985UOTEKZL!4RG-6QJ:SP:@X=-QQ-7UB$T.<#W[)M@$D8!S$8 MIB]<$D&1_%OLR9HS9+9I3&X^4I @/AW1QXV8>C!:3C-+4-=E=OM4)[=[*L"% M\3$I:8\WKY*0;YU&06ZL2$9>", M8C(:4,N=7;O SHBP3"9T'1HSW8V7)]O4\"*K/#"ILBW-@\+8(H$+0C\&H>V& MI@.''2M.:$V3'3X;VC6G@6&\R7)C5^SW27DD/I?3>I4DRBF/>O:FRLZ-T6!: M5G(:" )Z(T;C.L5&T([360!,W)]VPM)[!,'F_%A2P@* M0R R[2)K0_.T2P=#B]!PTR@G-3H8G"XV':IEY:8#(2 XHF2N4W*$O;@B.G*L M")S@?RCRSW6Q_3O*OF6[--\=+*=;VA:IZ0!:7A0Z$ 7 I*,YG_C('!(K-X3" MI_BGF]2>^PS0C%V'J=&D;0.^E28E@J4F 'SJ-3OS8E+6PC,:?$S$.H0W)]+6 MP9S]F/]5XD:$3BGOZU ]M2Z]/O*OFB]>/?QKFMU_I7(+J&@D]^G/3P^W:?GA MKC%=?7BJ6?TT5I=N&'2:+HH]$%L.U>?8C1&DV>$A&P21F#8J-Z]=)UMHQE-% M!9+*(=7'QZ>Z6>EDY_?2J;-6ZN/!)Y6+!D),-GNH1H?5:,$R^KO@'.$=DL/% M9L)$F1W156U!6H?&ZG.OF.EEUZ.][3 \\MP >)YG8YM$81!A$@TKD91LP8E_ MM;9GG)EK1'5DP_X<3*N55/44:]73!6;VA)A4H)]B$?EMB:>@;Y+**OG7$K[[VU.[?VSC M>RH(,)MDT?.8Z-G6%"(?;=2&1F41<&S3./[QX>:7?& M6O:.865G,JMT^U1F=4:;N5IY51&1"4([. >P7:>YU<4156 M&*X5Z[%*+WF463FK$U/;2W@V/K!"' '/ .$Q!RV]F(W]D6VP*FVK7F3 MW/%JD,KD5I[K2>GM+#3/,6&P IF]S*9XDCLY+BN6517>\26ZBECDE=&C\LI- M=>4SM6'9'L0O;-_H)D"V'U$(@(#(Q+'EA,@/"/$MESC$C83JNB@UK#FIO5:# M^G2K[2\-YLMS@#/$@4]?%PN!F+BJ95^+MHHP.2*L6@*R#E75XUHQPPLM6"&K M+P[<'C%C"(JTOD MJ2E4/"19O@DCSXY '"#BACY&@8U"J[/E(A0+G4.5LS"S&AF_M+@$Y4B2/3X9 MTD_<-/FYSIG&&XI>T#*V W(2C>O0FXD^G+VV:!HC$J-)E-YE>;KK3KE^I.]6 M=9@3_"EE@]V-YU/;U#+$@84M "B@/@5SG8 (K9+95=1B$AY-S1T!^0-DA-3JH1H/U:"GD MPL%9XY?6B^7&F1P4\XTT5<9J'?JIR[G+HTWU'$HH[I>2FMTW&P5?&8^ "4" M0X\5@K> !9P8=<9])XQ=2:6=8E*SPI*B3+/[W-@^E;3!;I^E%702K<+*.1>C M\HK9$QMWQ/X6Q'*$53Z15!&6U8FC$J4"RY MS#%0.GVI0SPZJU-9Q>[)+7G(\BA0XJY,DXJ=)6H^OFO/>M]I3HJIV"^%3L M]S1Y^#4I=QL86'80N3&(H(4=X$0Q_;I# 02G'%7;7H7N"I?'4TL_G\0NR;R8 MPO9(C3<]UA_8V:ICN/_6UU;]A4$V.LSSW]0JPNB(P.J*S3KT59MWKXOV:611 M<5[[G#4;N[RZ_M(>J_W/ MT>.T2QOUQR9/'"!"9-H>(;;MQ#X)O,"W/:^#&%C8COM+N;[PZ_VL^+@4YO0V MKR\2TQL/Q1/;K'A0>YH0-O>:)$<98G&FM]C3UZ2Y (P)3IU\9Q_^YQOS#]8/ MQD.VWPM?GSIO\/EZD/4%7*I+>>E&&V"^(P1Q2"VA-8P->+0/:T^L=^I1]1G_IAQS@ZM)%R",T4?XG?& -OH M<+_:.W+A K.;!>:,Y&D>FS^:(7CKZ 5F\?3EO-)L[*J88QJZ%X"M$(7 PX#V M,L!&=.3C#]T+<$RA2\15&!12;;G[>[9=.MA.RY^5Z*S+' ^# W5S1_S<3Y\D MTD*[\MF@-<[Y3)S<$29^'ZA2ZVOG)/+-OMD0^K[WS< XBA ,(Q 1)S "V/?]A@,@.W (AX4F0U2;ESS%!#% M:YS"%+T25#79?#JV*,]BZL8H/E:X$[ WK>(]&[]T'QEBHX$\L_"),CHBA]J" MLPZ1U.?>JRM-M?+(/0M3WB=Y]H]F(2 N\HH:W;5'E/+=1_KB4SS-EQ_N2)8G M^39+]D.ACH/8QPZ!-C(]$-G$,2$ $'8E+1& $42\4P6S@-$XEW"$_\8X\: Y MS'[L YM1&+PP#FXLEAPI(7]L.F+6X*Y#36;V^>6$Q@*,SZ([**NV='C_5*8' M>0RM&$("(@"B./2#$(;0[F$2DTJ0T&4-L\,3$27I^QPJ)CK'\ 5GC6>/V0S= MANY@+="#'%PR?EDLY50=%%T]RY3X_Q-T,I/<5]G?3(\#=TG*[==T][1//]S1 MM'OWM*W_FI1EDM?/[[/D-MMG]7-3$/, PXIH[^=ZP S=& (?NF'H=C#BV#&! M6->BW+SVKB/^2K]**W9 L,?:B!&XJ]/R[>=DGU*EJJCP?*(Q+K\)GM54'PZ^ M7F/1.(CU"CW4MOMNP!XB,<#M2OTN-\L@RNB(I&L+SCHD6Y][+XMJZN51X Y@ M5M2M[PP^#07=#JI_&&]X! 4^]BR;0.1Y(>47!U;@VS';"(]X%T-4FM2Y<7@H M;=<5RUIN D" L9&6JX/W=31:+9Z]OI=6$WOBV=&9(FX'%%W1<.(';@ MAT3( M#=TP=JT0]1BP'3A"!;R56M:\MG+<)9^OF7B$6.X*!,61$,V*Y@Z"?$HTG7_- MZ1 'E5RYD,J0K$-3-?EV,0M2SR#_T;M>RIG5+_1OF[KF3DB3*Q"C(/8Q\JT@ MPB[LC:'0%3HM+6E"LU(>I3@,EL%P2=U^(,L@G_#-0)YT:LC-FZ9C8>>8&1&L MB52N0YFF.O'JT)4"3N2UIJMR;IE^ /?1Q&K>6;[)@K#WESDBM5WE#:RB-Y( M77 @SZ.LYFB@4(7J+'+5P25VA)1'D-"U:H^H&U?51XH7H:,]'T\J]Y]D7"=) M6%61S4&91UZJ=7#$M++)J[*OQ[*'H>S[ MH;XM<0"VB EQB#V::GJAY76SA+'M!S81T54U%C4KZ;G9H),M$>]E*WJXOKFM5>XT>7^T+=+,MWU.<8(#/ M/;0-B0%V0QMX/L2V'3H6L:/>ON- H1)2ZJQJSIN'@2\3\ZDB+LVLK%3/0:H* M06[29%!5*3L>> +:N'T>Y'EI^;W II#(3HW(6J5TLE]7!5,-<]P;?K+[O*D% MF->OCW,?-@8&OF=&IF\Y(4WB8]\*,;$""X6>ZSD81X'03A\U)C4+XM3CTZJ( MY=RX,S^G@CMV#@"-LT4AEMNWS$7=V X=M=RO0_E4._5R3XX.SG@UCR19^5_) M_BD]VOPS[*LDD4EL#P4T\W00]BTWCG"[!3H(B1GS+NY.LJ&O&3)81H/K=(?< M0IN.QU@::7%*R%U'.U/C2J'AY9O>I@[MF%VSAXD7FQBY;NP!%%J@M^F'CB4E@GBW@+904C'(TT*17,KJ-!*?'D]=6-BMB9T)B.$GLS0A&Q M7-,'T IB-[:]OOW""(>"]3HFF=*>#QP:5RK8UT^C4%J0]'"G1)$6Z^C':!(3 M)7%V5ZM*$JY0&P@1.=(P]01D'2U5DV^O#RMK8Y"W M+;/"S2>6VS-\/@FI6I 8L\M0[8C=73$8PQX4.N@B:4+SZ@1#]:)Q2ITREB60 M3_5FX$Y,WB1HTZ)BYXD9D:N)3*Y#EZ8Z42A]NP25)JNS^[:V55*UI_=,C!SD M!!ZU1\,,/1]%;F\H=&VAXM(2C]>M, ,B@T&2.K,K0QJGLNCE2U!5Q*C2HRBO M"!E3$WGV5J(D$QQXJ2)3N9!3D*-3>#AT 14K']B^1S#PHHB8O3G@F$)55*2- MS*TF4B=RY2F4415-[$W4ED4.XUXBAEMC)+A(7--%OH^&V5[H\M4T=;IS"PKJ@KP%ZK>D8D33>^'@VUA' #/QF%DAAZV'&@Y&/4&G=@7 M2]_DS2PPX?1>]BCM%#8E9Y[T$#E]]HF'PWFFH-YS'(Y50.M*TCH%CER;CI+E M1DZ3GG]^8OK7%+E+\UV2U]4FPB VZ=C5!8'K4@A.<)ATCUS'EIB:_ *6):1+-T$3U*NYQOCP/8! MX)("=H8O;AV;PO4:Y6R2/Z.J-ITI27'[2*W13^-]DCU4+8@-;O.WEQK@JF952--VD3I6T#I_1 NPE;E%1.T,9OZI- MX7N5LC;)H7%=F\X5K[#]5'QKS@.\RS_7M"$GY>[%W0Q@NRV?DOVG8K\G1?DK M_84-MCS3QR[V(PGP#3=+<0%.Q&VBV MS0TTI02\="3#%[M"P./=[7%])TD(U?&&BC0SWSV%:"UQ%9U1FE M=>BL5@^+^=YYP:/OH_8W7DP =&%@4_EW?2O&8>SU1@//CC>/:9D5._J4LN:3 MWHD&15KV2VSB?(H+7(76JG'EYGETE1VH$[&/38M_EVS)-JA2E[<=-#"(S]FP3 M8P)<,PXA<%$/A7X2"EYGJ ."2).4.I'SM/&FA_W#FO3R/+/2*CHQ4+\%;9WJHI#B M*N&35X#3WV79EQ1?-GF"O]=IODO'E/B,!!MW M16D<>=?_U5C M*BS,.\CTJPOANO098W^%7.U!J69YZ)O6%>P4:AMU8%64DNS&N4J_U';?L_QL<_G=K,E6;Y]JDL4Z5#>GYB ME22W2AG5E<[V;WJKG!WD566R'2;YW%4T#NM01=5.B>6G@G\+#8_? M&;$I.#&.N!O:TVV5_O<3;/'1= MWGM@I)^OL<\;(!DMIL5J05PB9ZPA3>5S)4UHLALO&X\:7F2;S:'FBQ5XCH5= M,[(/8G$$IZ>E[6B?@W[5C 03<7D&Y91'#W63I6>YLM&7^!%0 M'W%.URD_$GYSPPQ\EKB_5$A@^V5M%3,14L;W(] 2ST97/>\-@_V"P]4X: M)PI]6%YKT2^6NLG2/"*NVB.W#NW5[^:Y*T_U\SI5N5]?I$+!?:2PRL]I^2W; MIFS:,R[375:#,JNR_!X]E>S2@08Z3.^*DM4AW(1>:(,HLF(W#@CR@._"N$<= M(T3Z.>$OTW5^+L@2,\I?Q'N%!KA1MS/1[TQ+3?V8]^* M ; 0@2 P':OW!@>!T)F[M?HP\^B)IDI/2 2$SIV:%D!<2&V(V\8E&/H#,/;HD[V M,_;CZCV1&?4.3G,+>O,GO?36(]+[FWH)9NR^%PK\O"/C[OUXZ9MQ<*[9D_O; M[+J%(ZB[Y];W2OT3==P:2=+1;^N.*4\]U9XY&?,]MGF M=9M6,&1V:-H(N#X&OD^(Z86A[Q^F! !7.8$'?C']IY]K/&_(5(9PO) M>(^XUFB(=6^ONB?F@G'D@W%Y^'IC=(X,P]&QSFRY./*7H%UC/.6*ULX75YYB MMXIX/9-$+!&UY0OJSNYQL5P;$1MBJT#7KW!OHC"T(NAZH14$R'8"[&&WA^@[ MT)08.,^*;Y[A,'@HGJA6E(-G5%R*I[J=YS[H3='HS?9$;T9GO[6,?E3R/S*F M623,ZQBI+.-ZL8)F)GB"O!T&-2.=TX7'KJJY0TW@R(4(1C;Q'!"&=A0 &$8Q MC @,H-BVZ,GFM.^.[J=1^JV$C_2G_>A ]&CX9&[Y9L-F)54LL>^@-9-1PC<6 M*#JO?86=$?U41NPZ-%&=.R\/7ZOE26@AX_+$S5DD,#8]#V-L(2< 'O9]:/H] MDLBSB9B':(=?C">KK"J=O%EB,OVM3N)JBL8X6K-7#>O M-T0=;83:N*:-[:@MJ0,"V\8HBGN;)O&$+L.<9DGS;&6_O?%-UJW[L!VNQK_^ M/K0MZ]^'!MQ4$J/YRZ[=HD&#:#S3;XEE+A,9YTM;YB-;+&,-G"IF[W(J!FE5-T;#$(4^-8N9(<YBMM]=V.AX,AK*LFR J:-7Q4*-A"^!@D[ M9DI(PZ0H7JN(R3ES5<4F<"0O8_C[8]-Z/Z7U4YE_:$:#H*K2NMK$Q < 0\>U M+-,FL>F#>$@++1PAB9--2NW+S%"+"UX/T"@;A$8_N90T(*<*W!3Z9>5.-^4* MQ6\@O\7:;VCNIZ; > QF$L7+? I)I(*PK%4P5;AV53Z5\2#@DQ(;)#F]C '6;5XEBH(H F")ISR)56.-7"J2IC9*8Z*91)IM8D\@K") M38<$T,?$C"-W0!";1$V2*V]^GASW9=O/T[K97F&\Z<;TEYN\_@"H46'EI&N4 MWJ.S>^N2VB,2)^BK3"A^&Z(JY9F@DLJS)R^?["1[LZTEVW;?;>8H2&1[, ;( M=4+'A3@*(A?TYH,8VYN:?V^;,J-"N:OXAC56&NFQ@S7,>*I(664YEI7'&>A5 MH8V,[Q[G\*-59:/GB132QXFQ6*LX3G7KJC(JX4V@1G;=K*=_N&LW_(%\=V8; MX%#."D'L^Y8;14[@638R8Q!V=\=@'X4^;\M5;59? QZ0LASF;,F"Q0K_BG$X MTG9U16,=35B;=Z]+;VMDD;=!4_4X'"S<0"^P4!2$ ?#,F/@QL=!@P[=IFX Q.+T+A;D1W#H4&:02RQ'W,&5-J;V8L+OG6G_6707W>AQ&9'CN2*]# MP&?W6J9DKG+6IW8:I"C3[#YOSSUMG[^425Y1%&UYAN:K?3-G-5(T:3@F99DQ M-"//1B0&ON,@*^Z/26'?]4-319W .?%J7D'M7#&VG2]&?8!O)$-I"S6=SJQQ MGM8AK37$RCNK_@7H/36.7&U+ QV]$!RU ^=WSIZ-(6!E.CMEGB-UMT3+L(( M9R^Y7+06JMTWH(4PA!A!A]4*-@/H^J;I]V@]9/MB]Y$NA5)BC5NLM^R/LS)= MO'" [J99\Z8*N'1)/O[83A^Z+1[4>8OJ)7H1K6*F_2!O?\OQTUM?1]-2Z='DA7A5?O(VQ/9ISN#?81SY!D(" MG4Z_C9] M=S""'-<56U$4?+CVA<$K!]64$,2G2QJ9$5.@%LAB0G/*PXBD2!*V#O&0!5\H M>6ED!*&KHC?8,K&/(\LQ70P<)PAQ;%MA;XL0WY?1!5$;VN6A+YG;GBD6W"L@ MR9N(7.@D3$8U#D6&EY6/%[Q<51%9'M8$XPQ93V%GY )3I\F,0@9W8P%W6"24('RSC@:J84A[1AYEQA MA*6QE$$%N>M0&36NO$P@U/'#JTKO\F_TX47Y3"T-*8L7HY JH ==VW'#@%J MH#?EN9XIID92)K2K4(\J2T5')W*4\ TZY?+#4T.RJ#;2(9=JF YW0-&,W!$& !NV"-I 4%#$C MVB6EAV/<,SR2HB)(G*"LZ&-,6E@&UAI,-\:?R]EO03E/#X_"R/&Y,HV1=.*2 MRDSA1%AG_EJ4?W^7?RR+;5I5FP 0U_8M:B:&.(Q $,91;PP 6S9Q$3.B76<8 M'"-KZM0R0))"(\BF+7(^7)*6"8S(3+UL?#-T M(8P=9-O #H@#/0?W)MP88Y'=I4(/%M(1\>VDS06*M-<=)EODYUJN*7 D2Q;G"K8TCP27M)86& M5U+DR%J'>$AB']O4)L@ ?Q)4/*9E_0)= TR)T MH!5@C%S;]-"0>=F!Z'+T1&,SI#XMOIOF4IZZZ9K3'N.-D^146V@V<"9(I5P)@-%E?K MG5+RXGU:T6'@P1UC=^2/\$;"F6+%F9*M*DBR&Q2'P!S[P"I7=%XTLGOLQXWQ M0IAO3I5Y]CV-2H(POO]QWCBO0^;G=_OUOLHE>)^<_K)IQY 0A&#H>PYP,$2A MZ9C#MD\+DXGYKNJZ52:[G[[%NZ>Y?7])W+;O=I.T' C'K8MW'L>XC$OHM! M@-QXV.H585OPP/M$8]K'Z0=0W=S>,#8W]B]3U>2H=Q'3L:F4\RG9C%R+:5D+ M[&V#S#ABO)\\G%W,QID:D3-%%*]#T%0Y4VAY#24J679&J/?=1&<8 &S2IX?0 M=QTO@J:'!UOL1C*)ZP"$;6B7L';%3V9E0I(T/C72SY:8")TNC!X@+5!1\24K M(X(SC<5UZ,Q$'\[5(IS(B,"-@RE]_NY+\KVU^#Y+;K-]5F$0YB;=>B" M..QBXCLALX%K$_@A-H.8>"$=E(5.@"+D#)M!0NB*[]RZ^LA9MFS);]6Z3@GG M@J!Z-@27\\8IT+@GZ^IF+&Y6UM&614&?W7XEZ#-O.SY*!D"^^UP7V[]_+?:4 MD(I-)M?/0[& $$? L^.(A,1T+,+N$;$/%9& )38;HLRL]@F2(Z3-,DKU-2G3 M#NN__IXJ:O#OS0)5_2RF%NJ(Y].311@74YR75+? %BLYPLO8B%PI)WT=@J;> MK4+SRRHMBB]+.:(0.1[VV!PT(8@@[!QJ&4#D"E9IFV!(N_#UQ4CW!XR"59*F MT"@L:CKYDY:QY4NZ7F:(3[9D:5V=4$D[4/>5E;#)H&I'K$)6I3ERH'SN)$UYIP0^/^^(Y33^ES1ZWUZG1)O8\;*+8 MT@[[<#FKF"0I MH)I/G>;E6$RH>FQORQ:<<6ZH-:]H7:5K1+_44;T.*5/H3Z'KI10^EK%[VM9_ M3OGIG$G^[B[:C?=#6>B'0 #UPRTN*TJJ]K%KD?8 M"%QSR_#;*MFGS0YHX;(LBICF4[DE*!;3N@ZA,7#<85RL+ L782-JIYKR=6B> M'_'0P!JO_GUA>_)>I)*N16(,;1+YQ$.0$"MRAEU"L67;(MMX9)ZO>4=/ M=V?OH=B4Q+Y$*=KXA$LW8V(BU:!9>-AXAI$1%9K"WSH49Y('A;JW:>J2V@8[ M=A!!*W1Q )PX<@++'BI+!01Y(GN')!X_RSZBOO33T2+:U#6TZ[S)KITII6SZ MFMG2"V5""V3Q!I7^3W[:J/M+!,89-/8&:B44QH6OY.Y&;1TUQG^1E1 M'@6DKD.!5#AR[G"7"FXD3GB=-TM8A6 J@=1"$'BF9UO>L/>:1)[@]/=D<]K5 M2>V9+DE.^=1I5C+%-.KD!->I5*WD&)>H:BDC>QW:IU5/ DE%E]+*JZ M3.NL3%D%$8HDR],=;!>K6(&1\X!,% 51'!+;IXE=')KTOV'/@F/;D43FI0?( M;"M_>9&_94M_;.'O\<05R:4_G=$1R.26#XO8)K7K$;(6A$V530N@X94^))H?ZE$SP4=/E()!5 RR;(]J$3.+Y-+4?#%$'@ M8=&S0?*&M"=QGR\>Q18\J#B%33Y9FHE&,54Z!O5O_6EK4-=E=OM4LRT!1ET8 M'Y-%SR]*';M6P/8ZQ$J%(R\/'JGB1B27*O+&['\E^Z=T$]HQ?;9IP0 1VFAC M"]G#F6T'.X*+M<*/URY++2*C8I#$\R,QJOB3(FTY?'R6-6)_LC MZYLPLAP;^F$$8 S,R IA"(91'T4C>'AQND']HM)B,K+<2+^SN^Z-XLYX3$KC M&XN$X/%&!03S"<_,S(I)T0& MGI14S16OOGU*ZX1-<>&DS-FY[Y.K:>ZR;59O@$?B "#@H@!$IA.0" [WDR$Z MDA33-P4&M>O;IY1=$%^Q0WUI!U-,U%2PRB=J,],I)FH].*-'9[PYO9>K 7AY MWDZ+IEUG;$33%-*]#DU3Z5"A[=64OOJP65JC*OI8IE_9[/VWM#U2\[ZH6+WA M#W=?DN\;TZ.F$8ECR\8V%5?@A-Z PG<%[XE1;7V.O2)#D^RNM#^&;.QGOXU4 MD,*Q'$13,-;1>+5Y=_F^.@TL\C;KO^2L,Z9Z\OG#QV:VM=J$0>1"8EF1A1&Q MH0NB<-A)2Z =B]U-*F& JW%.O67TCP9^L2= 9CY'ACZ^'$07;U(Y1P_&8&B, M%LZ\ZO6:CA&!FL#=.C1HB@.%LO=(\"1QF2;54_E\-'ODNY'KFL!$.(BC@#@8 MPF'V"#NQ)Z8D$@:T*TF/J=4.R8O;99CC$Q%=E,D=)>ZY.IX:GODD\2L^1E1D M GGK4)$I#KP\1CR5"_EE[XT#2>QYOHMQ[+F(.# F0V4K,XPXI855,J=M77OIQ6RA16QN2M9B#($W>RM/V:[I[VZ8>[G].ZVT\=L\IL7U@?^"7]7L,] M6^6R8B\,S "%.,1Q8&/H.EVU!A1@8@O>[*+*ZAS;=!Z+O-F26]RQD[7&Q[3, MBEVV-?KC";'P8$T9YYQIUP)D"^9B'<*>XV-J*^.7!J?!@!H-TKEW%_+Q-Y:E M*8[ .J10N5H>-D*9/ M? N&<1BXP OIN^.B_H >"$)R;7Y%F1U]S;*'UZ8=#4#C""'/=E]-U.ZZIS1_ MMBZ*3Z!Q4_WV+3O8EOZ!_FN+3)'G"QN5]%J[$ MY%R0II%.Z<0@]TX)^..P/ /2+6$PD1)\^CTITJ(P& MED%QB>J$,&F\0J&3+RFEX*=*F5:\X&!4+&3Y6HM:2.-_)1?3F.#1BSZ5^4+_ M8F/;C@<\!"& @$2A[9C#3!2P@(-X94+HH9K581CK,##\DB#&RW4ET$:)Y,AO ME T%K?[8WPN-78J2Y=NX'.QBXJL@WJ+;^4R<[U!24SL 6A:F)DP? =,';ACU MMU,"%!&NNA7R3Y^KC;>H# K+8+C$F[L@:?SM7A]?D@+ 2Y5"+3CAX(HHR/&U M'G60Q']&)J8PP:,7@!K9,4-DG]QO@ UM%$(7.D%(J 29KA7TS_<$.EF3S KX"5.8%[S@X4IF(,O:\GHQV8,SV<$T-L0UI,U&.EN1@T 4 M6= !R#-M8ON>->0B 0CE5$3$PLPZTN7,DY1$B$!1+='%W30UX:)-N9X<<<&E M*#+?JNB\HLS(EIBA1I"C3E$A47)&4R<\LKRG07"H5ODNC* M)\GV:1E3"_=%^;RQJ&S1QT=!# .3ID4 #A=F@-AT!=<]Q9X]SZIG@\GH08DN M>0JRQ;O@J8\HJ>5.3HZ4K76>N#^ZTBE'U/(:,0G]JU7.*2P([(DXE'9JSSI_ M>*JK.LEW67Z_L M/#&)75YAF8U8*9V1YE3=+HL1?L:W7*@@=BVZI,:9UYLQU''$>X@'/E59GE85 M-7V;Y_>Y":%Z.AD7U1/Y='9$^0@9(88VA"$/D . M#&#<&[=1$(H=BU-D5*2U258F^^^GK&H*8PH68%1%J[1FZ>9SNGH9!XC&+XL= M>N.C3DS3IG"_6G6;Y-1UG9O.&:_B=;Z6Z\W=^#'TQ#=0&0[LJ#L7@CB^+%-1'?4'@4\Q5L"^FH?WU<.R0XMD[ M/'O8ZQ!6689'I%9[T-8AOOK=+&9N#+)7'A#:.>3;C.WX'PX4GL,!(Q,''HA\ M%P:1&[G0";N=0B@&)A*\OE.]??V)ZJ%Z_X#YY CS ;6@4&L(!I]"+QL%,6D6 MH']!119F=$2*]45G'1JLT;^+-R_H85*\0 YGM>47U2DP@!&R'8N@R/6)Y3JA MU^VTBJ%+H,,<^&%%97ND.!\1^;FBN0[)G\W;B^5_YF"9_UZ> M[3ZIJNPNVS8=T8>GF@O@2W ^#BR7 #,&'C"Q!4P7]^!0; .1^Z%G@J1YP?FE M%\V2*(_JB'<*<\60KV]88?C$NHB7#A@%7^"Z[F+I?D(-_R/=QO,;?3 MK^XX6H!SD#AX(WZ+KLH8\&G]@N2+:?H1T([G(ZCKF+81XW)$GS4%91TZ MK,NY,[?^:N.05U?QW5VZK8^T_/LGJO6T*Z!49?NL48W/-?T6A?B>QF4__%Y: M;6+7LX$7FL3V+#=T8&!".ER( ^ Z$?*A+::R6J%HU]R/9?$M:Q;56-G)K,W3 M:H;->)-003 >4_J'^<@-D0O$AT^!5Q,8,3T>8/=9,P5D,.3&*?0;HP'?:'8# M_^CW6??YL0WR+WX] M; 0D880M%]DDQ [P"721W]6!QGZ,?/Y;:B;8T#@1V\-B0VL&S&B0+;;5=8RF ML;E3%>RNHU&J<>75)3;*^.%M5#^G-3/5=/J[= >?_U*ENW?Y!]K))RR- TP$ MVHLI>B 6'1*'ENV1P E1[%N6VY<7HD"(YXDE2QH :$^1!G!&,J#[HU@ZI(-W M/HE;F' QX6,70C1ZU\,U;I^--PPQS4Q_, Z!.*!>3!3%B1V12HU16H> ZG2P MF.V-%Q;;PXK5)L(^P2X!P(=.Z$38=1S2V[ ,D66@<2>K'DUAS7:M+M??O8F M>*!AO'5)T+6:AB.#_76;D&: ?\_BWYZJ=E[H2]$/'=(3RU\*T98)7*O8?CX!6[R++L_3+RHY;)?L*^WK+N]?&H>RU: MUXI<-*=9)MY\6<_J RV6%[V(\.!0$]DDUM2E."A*.OL M'ZT]UP/(BJTHB.W ]AR/%=OL[86!(WSP1M:._C3S"(ULIBA,GFBZIY,UP9R- MAR[->=4+-KB2(UD&UZ$G"ORXF*9,8X8_U[A+RY+E.=T*&_[^F.95VAU"W,0V MP(&/HX#*'+)M:$,4]U8=TQ+4FZG69LA(6H G6Q-$4Y.)C/)F*_-1*9K =!P> M;2CHP!EO.GB7]W=HRFQ&R1I-=M30O Z]4N;-JY1()4LJZTIT0#8.FVIT/!/9 MV,9F;),X&"8A7<<3/"RGTK)V3?N9OAM=\=JT+R1QVYTQ5U]#@IMP/IE;BFDQ MR>.O%,&N&3?>?$II)*MDW^RXH-^960X%2!V11AVA68=,:O%,H@2$''O<6YY8 M#4&85.F.'5>@AMH\,R(V@-BS+.38H4N@[5GHD&="P8Q/THAV46RJ*+Z]9<", M[1$R(VTY%SP,+$DEGP;.P*&8W#6 .O*.(B=#L<*[:_Q5%T$VVWQE-?5IW2;9M_8T=%-"(GE@,#VH.E@+\8PBOUAK3$R MG4V>WK,#J+***&&2J]%&;:,]1L?==@]8!$>J:AB554%=5*K4OQZC<0"YM.R] MIDU(\":POE:IF^+259&;S)>\O+W+O]%1;E%F:;5!L1];A,#(=4TOBJ+0MT%O M,_*@/U771&QI%[0C,%,%38A#62533IY*">,AT#F4_;=;6="B:*?"D@3A5YM3$0E;_Y@N"2F'L@]*ONAZ6)/$^HBUS%1BLJF+ M.MGS2>2LP(2$=/"!N\%_87]B) >/ECN,=CU&?"*[VO"(2;'6PV>_W1-G7)NI M9PS\.OJ!95S7>+),D'_UA5@V(+8M+_ CR_9<$YDDMB+K,,>"79$>0Z%9S?W! MS^-GE7657[G.-I_V+T2TF+)+E%M9:XV5$376$(IU:*T.QZ1KJ0AR-U$GV1QT M=>$(,,"!&[NFYQ#Z/]>!=NP-<](N# 6K>VH H'W#T@!.><&J2;Q/4LZY"%>J MH(= K*#<@CBQXJ*J(DJK%EM/$8 [\\D=;A)' MU%1#)-:AHCH<>WEL1Q=WTJK97^V=5E39V]JNW4]V&X1P%#IV'-LAS8D1#$@\ M5*V+J:3QVODU4T4G! MD-11[5%0IJ0'I#?-=&Y?;[J'N["6CA IHJ8JXK%2/57BVC5%5<>?^F'_QC5= M'/HA<#T,/&A2^S 84F$_]!5,C\J8G6MZ](F--=NK.UX/^G6-^:^3KGJLKY1O M[6/\M0[LE0SHN4.Q#LG4X9CT %Z0NXERV=VF?78&@5C0\US? MBA=!-T9*9DFG - ^2SJ 4SY+.HGW2V'J1_N/G\MROI+6CZ@]+;>F+8'G2CTH(L# M[/H8V/8A+PY"T?)&2FQJEU36T+-AY^;N>.=FQ9"^K2E4B,HXI MR(E,: M;[D,[2Q=G-G9-*I7HFOJ_!G)RE0P)9J1D:*DR2!]*[_2X=>'NV-9-7T4(!S; M/C)-&#KT?_%P/C2,S5 N*YM@4'MF=@#&-*UF0](GFF!4H^F$-GK%B8*I\F8L-9O,DOH%V@URB,TL>=BT3>3$%G0/%=^ MIV(_BXS9V?>SW)U9GM6U.GN==-6KLDKYUKX:N]8E6"5+K]RA6(JE5 MD#M>N<1W=^FV_G"'OV^;VMN?Z*CO0][L.\QW[ /;T_V-JC?-0S? <0([)!YQ M8N+8&&'+'(;2V PCD;Q/J6'-26"+E>4K5"[3[)[=E-"B-DH*NS+H0(Q)JIAH MJJ6>3S878UU,. ^$]T -AI3QW.@IV[S>?'($=U[E%"%R1#NUQ&,=ZJG'M6*& M]UE,0<\;^YB66;%[64QI$V#/@[X763!&GD4S7^)[0PUUS\&"U6XTRIMWE54X3)$=74$I!UJ*8>UXH97FAQ MU=R$%C)-RR$!(A:P 57GP\(SBB*P>6P@?:Z3LN;7Q*N/%6F"+Q&(M<9__7UH M6]:_&[?I?9;G;*1'4YKVD?,WO"L-BINV]304?LAG&H"@OT(O=N3Y5NCX7FRY MQ+-WC=BXUSSL4_KH>*O]:]?;F7.F75KM?[.O/2M:+7F1ORN==9 MS%_NBQ*W7]/=$YN\[8\F'I\MAL]'7WUIKM&P/2>(X\ A(+!]3-R0F# @M,^@ M"3:*L"TR1Z#/3P3EX$Y.[N0I\E>%&I?L>EBTU:;2%'QD&3Y!@8N9 >GD4NL")I1&/N#WV MB;>]6GYI[D[0:.;PA7A3%QM%-GW';/1XQ.YTD?/XI^5M1QON$)LULR(_,(/81C'#D =/W M' 30@,",/*$9/Y5V-2MO"_5M@]4X@.UN;V6S]PU>HP$L-B97RC[?Z'PIXL6D M7(CS1>87!7@<&;[KB,8Z!O):/"OTO\O*Y/-@_^?DH9]BL EP C\,[ .PHL MC$S2H\">"11)J)3M167TYJ1!,]3*E%0N$)/55'L,5"KJ:_H7F@L5)%1.6B>% M9O7R.LT[?HE5P"*OS!XF%6!2G4'29LB>1S-B@#T/!317=F/?)'YOVR&FT&$@ M-18U2VK\5-7% [MW?$ KIIJ*>.73RODI%5/( [ZW#< S>:?HH%B-)G(1-Z*$ M:HE?A_XI]JG0^:I.7@)_3[_QKDX?JHT+38N8-'NU"0ZQ'48@M'J3(/"]B:O? M_(9^BSMO!&B47NG6P^#T16[C%X;,:* MO[P]L"2VLBU.[CK$2HTKU]>S9?F9 M($T?4_H.4GF\3S_<_5?!+CR@8IG2E[.NAFMB/(LX#@R!YQ$W -#"<32 <9'K M3Q0M%1 TR]F'I[JB7;*Y3-PLX9%6@3G MCLAT>6P.)':8V4[M%K4QP%[H4BPY;L5$566P5BNW2IV\+L3J.165Z+AXN,WR M9@WP8UF0HGQ(WN5W[ /[UJ?T6YH_47#]#JC/&67VR &4U/3+^BG9;Z(06JYO M1<0/PY#XF&6\/<[8)[&,>L^'3K.PLRI23>WJ;D?*8UGLGK:B%QZ"#F5WVG)2R:?TLW(H)MS7[JYM\*WFLMH&S8B:*B-Z'>*H MSAW^BVAE>)J0/\=%7F64QN:++V625W=I23/X]UERF^V;4GCO\NT3^]8&!"!V M3>0B$Q$?1B@(W4%/ X*%ZA!KAJ(Y,QY:;9+7V39[9+7;60N^38V'9)<:OV;U MURPWTNS^:YVFN?%0Y/77)I6NOZ;&4%=\1_]N_^+)L #78IFOCB"N0\GG>G<[)BQZI&?^QTB:70 M7XJ?DK^GO<\AB1M9[K(.8*P_)D.[1X6\[W28N,@L-T63ZP$8_+,:LO$K+?-ZPVU M "T[=(@7$6#'=N3[9F\,HA")C&\D36CNQSZE6_9*L7KXK!-CR&:>7#C/RTB: M.I'(=:2?4YTHE+Y<8HWE QVRED?9Z<]%FYY2@P&Q;!+&D-V^&[%M8< ;5OGB M2*S!3# S8Z/9%_E]>P?U_@!UWA9TF:B15J2 W76T)!6.%,K?O,G3<.P=N\^S M?Z2[=SMJ.+O+DF%#9K^H#O+C02+]&4W0=EW;;W^3/B7-OC6JOH&(. #:#ATI MNL2VW1#!8*CW00!7%8Y5 =;?RGLHDZ?D%HBF],3=N@.I8GKOX*%Q[&*_[;UW MLJGE?CS?U_EY8W2>#J>)>%Z5N>8"E8=/;,9PN;=G'=W1NBBY/ONX=+R6Z"+? MY=_H[Q?E\\9R(@@MZ#H1CH#KNM@RA^[LNW0#-T@'H[:!:&[5+?$CU!SM_13LOU*O2J?&_E*>UC+=5("L9N_D](3 MME5T4OAJZ%??20TNS-1)B;\-_WR=E 0'&CLIV8@L,W8Z/1S>S)5^^9KD?RZ* MW:_9?K_!-C MVXFQ%0 W"APW!.Y0_S**IYZ@61"Y]K%6#W#!"4<%\5UB%#9G M:%?1\9VI:=1X;=34;:/W^[?;*UX-Z6Q#.E6OUC]?+ZJ0&ZU#0+417*+7/?K. M!A!BV;$)XBC$<6Q#&P?#20 3.,Y2_:L(1LT]Z;%B)BTZ^M%X3,JZWW*?3*VT M,GM8Y^]6=45T%1WHT3=_N[WDT7=FZ@]EWHE_OIY/B@6-?9Q\5#2<%+,VD1MC M:#FNCR+/L4T_C"PP;-*D7XL=>%5J6D2GI Z_?BGJ9'\X K ]1JKM:!<'Y=+= MQSQ M34P/0LLS/<>)".XQ$T2XJFNO ^E;-D71>1TFK9P7#G'MOQKL)X3;RO@XLS9N!6@$CQ% MUP(9J:+_U[8"Q@[0L55RG_ZE2N^>]N^SNW3CPL"+0Q-:%@G\("2.:1\*!$9 MZ*9CK4 T)RNXJK.'IGQ(TD(SGAILQIZ"$QM ZHT'WX!R-:$02SB&+J&[2&1_ MZ2*1'KS1H3=:^,;[L6AI.D@IS_3H<D\KKXZNCD;OP<=/WXSW]// M_O0O_7?H/[=)E?[I7_X_4$L#!!0 ( -%^^DJZ*63'$RT !Q+WVF>@[6.C[7 M9>>QL[KG/O'0$C.374K134E>YM=?4!*9RDVBQ#7EKB47)0$"7WP(! *!P'_] M]_?;V:NO2;Y(L_FOO\"_@%]>)?-)-DWGU[_^\L>GU^J3>?OVE__^VW_\U_]Y M_?I_],=WKVPV6=TF\^4KDR?Q,IF^^I8N;U[]8YHL_GQUE6>WK_Z1Y7^F7^/7 MKS>%7JU_F*7S/_]:?/D<+Y)7WQ?I7Q>3F^0V?I=-XN7ZW3?+Y9>_OGGS[=NW MOWS_G,_^DN77;Q ^$U5ZMDGBM]>EX^]+CYZ#=%K#/_R?3']Y57HX7RQ?G>- MEY2/?W_T_#>\?AI**=^L_UH]NDB?>C!4"]_\S^_O/JW[^3J=+Y;Q?)+\\K?_ M>/5J T>>S9*/R=6KXOL?']_>J^1S/+U.\MMDF>1_F62W;XIGWJA)@'XU*U#_ ML+Q) MWR-D'Y/)+%XLTJMT,W86'U;+T/B> &OG[3W"=1E_GB6-NWV_EC:;_Z]5NDC7 M2!YLX^-'NVE(7:H\6Z+%9DVGZS?$,Y_.@P)-X]G;^566WZ[)9]/%9)8M5OEA M 1];SP!=J G[B=4-T*%Z0^^TVMKKCHX7:=#^%^$581Y8O_5 D_>4:*]9)@RK M;)9."YT4?IX&791,=3PKK(A/-TFR/ 1L_0HZ;O2G %%RNYEC3;RX\;/LVTF- MWUM1-YVX]\K=2>%M,)-ODR-Z4;.F[KOQX4N2QW4FG/H5M-KH95A\A$5(FBS> M!<5PO7Y389IEM[?IS;-5,,OJ M"/+9YSMLTD4P XJIZ-BF/2S77A,_K3XODG^MPDOS^TUYJMPLS^\5*WR6LO!90K9N[5.UM=S2,$NTV]B'%;;N3[\LDK-ZGZWV/L@&S;/)43]>]O(H7 MG]==72U>7\?QES>%'G^3S):+\I.U9G\-X':'YS^W'T?N7ZNPX%"?@QT33Y9E M,V8%)+_^$EX9/?U@Q+3GR&)#F%2*8R2QHQPR@+"Q&D-]OT.S8L =MNC M)]P$[[-E&-?^[IXZ&BD?" )9+*)Z^R M?)KDO_X"?WD5_G*5Y/EV#MNS\;;FU-_I[3#41MXA)J:CR2@)G(!:6;=' GDC:IS98 M/K(-.M8%M:F0]8;PG5[HEFN56W<#R9T64-_3Q1YR[2T7(0V4PY99:3GE1AE) M?=E7;L&9L:D;&F3= =X7N1XTU6:W<3H_J*$?/!\)29%4AEM/!',VS-H";OM& MK#7HO,C4DIRS]I'MBS4[P\DF5^D\F>XZ6M7TGZO%>O_C]^3V-:0$<_/A.U#/0#Q+O/0[-E&C"<1;D\%D50@ M+#F'["M,2;-*B_DLMEOKD'E-E\3:0L0]1XA;)CGE#-$ MZ1;)L'Q$34Q77)O;AW;$7RK%!Y14;Y9$-DE#JV>KXE3C19:O.;!\_/KM/&BP9+$\8%6<7FM$,+;6*<$$$L8R$8PY7>)DE($- M&$U^7FW=GT3&8&3 M7T (BW* RC _ 8*]=X(@[=@FU$AXBGRM$*[A)JZ-[;@)-*K1]U.KC C03GKM M(5+,2>F$T[Y$20MAS\O+>"I%3IB_6D![:$/J\69E<7HJ="O_E.1?TTE2')TR M0;KI4N7I(AB-=I47UN6ZZQL7P&DV6$MOC@052$D)#3'<6ZH8T:;$VUCK>V%W MWXOC[ME9 M'GJ/3GR&#UIQ;C\]-%JL/4("(*L(X-X(/)Z)_ M;^8]OT4DA8!2$RH@YQ9A[J@C)9(,ZW[OU <4V6B<@4^EY'@!3CWO)7- M*>H5]J%GQ\!Y F>6E)EO;>4'DF..0> 6, MH@HXJ !Q)7K6H#/S*;1$V4&P[V]*>R[!:X_SEEXMTGFR/A#^.9UOMM%JS&+[ MBD7 ,<6QP%XSRY&S0GG,(6?(/2LWE4_)@GR<$\"P?+1IH3[8WFEG@H-9#"L*K/$KM:ROSE4*RQY&LP MJ0F^)^Y^V"(]^F4RN9EGL^SZA]+/'F#?\W1$"/8\F$ZD6"9I SU#MFPJ);17 MW\HP5#A1=%G;V)Y(@_?I)-E)[KN7!$\^&WDD$*?0 BV%4D6.!HG+9J*P?#XO M3T4W%&@#V;[F%I_.TV7R+OV:3-\&D_:_SZ^/6ST'%E3A+S" MG F.N%)AQ0*=!;[$PU'0Q#T[PGFO$Z;49V,+$NB+D7?3N(X73_3D4)*@6N4C M2L-$H!REEH1%3K$DEH[12]'[[5#E,/L:Q_YOGFYXU&^R#-? M7"FU<[/4Q^1K,E^MXQ@V"[5/Z7R2[ !@XV7X=;F*9S4HV]J[(BDT) Q*SX00 MGKEB5BDQ-'BD8< M<%; K)74$B!DH)*5ET&2)IM01T_S?6X^MTK$EE$>4($6USJFT^T5CNLLFEOY MI?'G=!;@*O+^3XI0T#H3_&D51XHK0X E%EC/M+1_QGTDYR)YQ3Y]86[!M! 2<(!(6 M= IP2HNBH$:9)8XO@<)R^+;/W!WF-^DVQ5W$T7_RA6>=N8]SV:[ND"4>B2 MADA@3Z57R"#)6!7/H&VCO )'9RMY8:1J%=E>CV7N*-(BF=1![CQ?*.(>(B^, MUL1Q67B6%*U ,[(1?_A/PI_6T!W0&ON83++K>7%D^>TT-#R]2N/*(5DNSM5\ M=P8/?UO=)M/M:-D\&6I)TJ_W3KS4L]E:?WVDK<=*(QRL".(1(L)J7NV.>M4D M8$#\)+P>H9Q>X@AY.R_N>LWR'ST-B>I]$<12:Z@)EDXJ0HB#H!(\-+C)?K;\ M]QCH33 OD?3%09LOM_NMDD[>%WF%@>,.(DLM"A:_(-Q4^V9A==G$=P_^S?K> M)/,26?]P*W=M&5[>Q//?LFSZ+9T=Z??OKAV10PI A(V#7!'),1&;C/;KF#]I MFNP)P)]MBVN,$NMK]-0@=M6#L(B6@"@AI..:0F^!J")V&("--///LA%U(I@O M49GN?-*3VMSY)%(^+-T-4&&5[HQ!&H4%?!5>IG"3M$]PA%$IHU>0I\MFA'M< M\#A"/UM-)(EQ&F+"K*08 1:6#ZKR;8??F[#TZ VL%[NIVB'D#3>L6EUVAK_N M6Y;U\M[(:VDI"E(*"V :9(6E=R5\WOI& K5!?IP: 32$GC,N/ ;H+E@M2+ )EW^> MS;?>!-!;CH7I= U./ N=BN>3-)[M!(G=Y8H8+O/"A_PZ#@JCFNFR63K=,' ^ MO=CI^H>KJ@?5C>!U4C2T4G\D#53*.2*,)LH(+[W:)N>T1E-=*RZ\(V544\)U M4K<<75>D)7"<*LD"_0/-B<:"E[@H8!OY;L9H\_7,IH<*JF/YC$XK#9T6YF4H M)VT@QHIJQH&G5A47=-T)&>I:<1/=X/=[]G7=UN(6GW@^C?/0JVRZFBS_$>=A M(;/\H2:3?!7//M:Z3?F$VB(7[$;FB&,26RR*%;DGU5!CC2)]1^A;[IE/6=_R MZ9D=J$?QQD MV\25/KP6[60*/EU=9)0$AB+@G%<$&*$5L24RX8[D*>)-_3Q>8476V>'EU7Y+AEB$L)$?4&" VIUB4FGO$F\:$CW ;IDZ)= MRV(DJO3YLQ3'51!Y*SG2PD-IK7"4 D.4F4A]72 .A:?H*.5$J5I.,!/KOA23CA?IHNC#71W_5CY["6.PU\@&64KD M,=!*:2VW=37K6Y M^/#DX;#BZTNYW74MF8:?I\E\D4QU/ L]2C[=),ER.$.K@G,'XHMLFZ_UL"JK M4SR"1A8'CJ7GV%&A&/+E)94>X&!U#[@/OHDQ.MS/^P]&B%GF;2 :)Q#1P'Q& MJAY93!I%@H]12[0KYH<;U$VP[2U\:]W(\A1H7<(\>+ZXLL5)B %Q89D9%H0& M05'VS7O6:UZV/GASJFB?9$@S,/LBBHD7-WMX4?PY:D;QC3!M'?&?(R__1X6@GE8_=4BS.[SQ60++#/(64D-0P1"45EL4-HF MT4(C#,3HABT- !W">JEIM40,"**UP18AA;C'FF)7]H08UR3/S_%93+-E/'N! MU#@>Q_[BOY(O<3IUW[\4?D\UW]PN?<]BVQOQ=;!T1"#74!FHD.=..NJ)K^P\ M:!K=K#7*0\3M6KOM(SR(4ZZN,RX,-4$H4U(*@8#@))AEI.P+E[#)I3#''^#M M7-NTO)QN@&2/\:9?DGSYXV(6AQ[OG P^F %^;\%($U^<$0TS*W?.$@2HK;0K MXHW6U*,T>%MRWK:*:H^.O-7M:E9LV-DDB&:2;@*DDB^S9+L_J6ZS?+G=NWRV MC_N=?JV\(B*( ^"A#W*Q1CC.H.(E@D#9?GP]/<:5MK6I, S^@VO!_7;YOF*1 M\-Y:+1C%"CMM!<"@\I,J&/(&4:M-RQ8 M'MP24SG$I$--MLV/MKQ>T S:*JI]<6AG$5$_Q?O#YR/!E0/%T27-"*92 ^JJ MOA'"F[BECTY0\H(8TP:8?1'%;F5P&7_?M'@W$WVRK$6>VG5$RAN")?&0:*X8 MTDI26 T6C9I,82.\+J E.G4%[QB3?&K/B-4XM-T(!+&1%E0N>*!5DP#0$>;= M;XD@)Z+7KY_HH(,HXDPXP(VG(DRG G,K+:[\&4(WL4^.SS?_4NS;D[#K2_*[ M.>/FTT_+;/+G338+$ED49OCR1XWXBKI51,))19&17GB H5<,8W07DJ2:G.\< MI7^HTZ#0CE ?@'?U8T:?+Q1983%UM##SPXK16X?O0@FT)4V"P$89GM&^^)_G M5S.L>SLD?)/ER\LDO]59GF??TOGUWB/ICY^.//5$*$TLP )"4-SAP2I/JQ&- MLCV.G$,GB_CA8;O&L/8=B=KT>C[ML"[VAJ2 QCM;')N_V^(QM EI1CFI=4": M5I#MBS?N]LLL^Y$D'Y.U9_PQ''LH=+!L9"AUP!J( 2\2*7F(=>7NY-HV67V/ M,BRU S:U#?*P68#,+%XLTJNTNF!M_]9$G1HBBI7F!'!LD!: 8$%PU?]@'33Q M&8XR&J0#DG4#=5]4NXR_)_4GOB>>C@CTQNFP5F&>AB6QAQ)7;BP#49,$D"/, M\=X!@9J#.MQ*[:@56N3">D-J*(CC"AN).415) WWMLG*[/@4ZIW[C#J@2F-, M>]W1:O'F8D.UUQ0BYIE#FB&H334>PO!HXFD>NVG=S9J^-:P'V/HZEE>'BD:^ M"/X-HR=TCG,**(*T\L1[2<_9U.Z&72TCWJO6NLA"YY-EFJ_]M:$GZ3R9ZF0> M?E@6<2DG:;63*HV E5P:X1$+FMP($/ZMW"48H2;1MV.WSCO4>GW(HD>MN-OZ M9+XHPN].8.EQ%4586T$D0TH8'1;/7CI4G:=1LM&I_%%&)_6A,;O#O[=\#MGM M;;KMG).V8;>@UP8)Q!YBYC&'#,4NBLKPX-3U\1'?W1,TUDHKM:P[E-) M9?-UL_\>SU;[,J@_?#02R(1N *BY]0)! RVJ0,*N7G:NE[0MV(9PGU!!#3#M M;4^P2OY[$:?3MW,3?TF7\6RG]?OV!P\6CH2$."RNA53:*""AT*(ZPZITHU3[ MHW1H=,"DUE'NBUL?BTNW@K'GXGQ>;(O?.UUSE4[2?7/;X<*1HMYP98L++90$ MF'NIJV-B5C6ZJG*4[HP.N-4ZR@,KR_C[_B"'8VJ* T@6&\,1 Z%X::PN(N)9(WR/([26=&%1NL4\KXH^,<\ M":,FC)U/'RX^W<3YWL7?XXT>R M2(U1[6W[N;CL9I7_J&6./WXX8D02 A2PCAO)/79:5\:CPZ:?'<67S97&J [G M"CC*!1!A[0VEC#AG*+$>:^.K(#(@).YSZ=_][G,'3&F,Z5A.,C0XP1!Q 9$E MDBJ/BI0@WFGGJSE7PR89!(X_\]1G#$/GL>5MX'W'L &RU-^EV_]P523>];/L MVRBRU5>-.2Y+_:-BD1?206*1%PXKYC6Q;!MLXIBQK)8*[::W1:;:T-R+//N: M!GSUCS\6Q0GP#U^2/"Z4>\4F%B%E@Z@K$O^P*;):<9X57: M70K[,:].AKD_A_,_5XO-UMQE]C&99/-)ND[ ?=?RRZP]%=?%ZR)-(.&>&AWF M:F8%0&&%62+K*#Z[2XY[I/ (Y-5?3,M=AJF]$2MWCT6.<6.Q(T)"S@RPQ#I7 M]L0;W"2";Y33[[!T>!2[N/LMW4Y754I$/RD2$*@L-E-P@CBBF6$%9 M]E%PW,1#.4H]-RJVM266O@.7-UA=QM^WR6.WH5XUXI:?*1D9I!QG3O(PXBQ" M&FEKROYB )O0<)3[?*.B8;O"Z>UDX2:PL$Q!&S!QGVL8Q,;,S.0W'UL>WN!W%T\?%(Z$]Q"J8U!I@ M1XW3TK *7 F:;)S67USWN,G>!2D.\JXQ[L,QKKQ79?\QC[WE(FN8@=[K(O" M2BD%0ZKLJZ2ZR6VO]9?4Y\ZQTP$?CEP7FQM7RN76DS>O',6Z.A5&1G@I**"6 M4LPMP\3<[6!1:)KD)QSE/0&#T+$#28S 2-R):#C-0-RI( (0*>J,YI1*P1GD MENJR]]S87E?/?5P$-P +6\#])>X1]K0W&#%*F4(06T0!\ Y[B"H_F"2NR0G. M$4;=C6IQ,Z <>PRT:,[W^I5$RB!(.9,040(L\ 9*>&;)*;>NU:\D\A)2P32VBCL(-'5,5,->8=M$+X[21=0E M41[NX70EA<&XJ%>+=)Z$Y=WF)%L!Y/8OTV/8N*>:R%HG!4;&(!%F!*NY-U44 M"M"D2>:D4;J3AN1C>W(8WUS=RAP=$4"<8$(1ZA35(("@>04U$TV/R9>MHO]P55WE8)//![*.'RX? 40UEH)JXK@CS"F$[N8$ M+IKX-$<9J]LE/1[G(F]= 'V;B1^N;%H -9\NZF7;V5\PLEQ+8:Q$#%-( >4> M5:Y<[5T3NKTD4[ 3NK6)_!!*;MW.#U\*L2[<]R2?I(O]:Y!#92.BF:S/.CD53ZYB1=)L#^.4F[/%XX L]PZ M@Y@%0 L<_C&5V2(,:'+JJOX>X7DKN-;0'T3)Q;/0YGMI/NJJN,&@,_O@5L*PO7R&*/BNY2!Q"PV$!-[F+B M%&WB2AGA%2(]TJ\S&?3%1'=UE4S"NMY]#UIZ?IU\#!/1A_G:&SF?%M\*/_G7 M,+#F>P/&CJDF4AAS)#SUV'B,G'405 :' Z+7!/W=*\-.G"<=XMT7\YYN[$62 MI]GT8;S1'N8=4TW$':6:40FUL12&.<$S6L4_4=;DP//QTW /R:PZ8%Z'>/?) MO .,B@0,EBG$GEL/%5)A -VMPJV43:[X.WK&_+(&-T@S7[Y,OAR)YIAX("F# M C-J(/$T])\A4;4\:-,F&8J.#L3;\,#-NTZ6V!4+CL-RB*1D]W*1/4XC>[^! MPV0EV[1D?0_%H_8=EZBL3DV1U8XQ2*3$G$)D@5%WP1%6L%H!4IVMH4[(%J7# M_&,E%UQ18'R@';15?QBJUY^7M(W2F;SW)HLZ#N6^]'V=[- 716:,(-;E,D\_ MKY;%B;++["+>O8=R#]=:>D,D=5B%.H!=6(V&OD")S-U\"?C9I4KIBZ7#R&=H M?OLL3]+K^>;NT\F/RSR>+T(O-BD.UK_-UBSY+4[G!1(J3Q?I_-JN\O!U8]G7 MR'S?P]LC"(P&DB+K39$KU4)3WFB_#D5]!G7W9/>X@/O2K?'FT*?QUL,;[!KVI4 MO;PV3Y6(*&8."NN+#%+>2$L-K6ZB40H-N+@NME(7'Y.OR7Q5,&6?0^'^DY'T MD#*#A 1$8^*9=(J7?1( -CFY.LH%=F/9/LSZU C/_A3_(JB/W[)LNKZ (,F_ MII-D\2F;[8L#>[Y0Y(BUEFF&G)!".>"%JBY"H(;W8Z:\8-:T!FU?!/HM+PRB M/-N?RW/GJ4B'-G,M$4#(%*=D/:*FNBLC3&+G91FT39#3D>PM9V$R"W5>_Q;L MX#R>!1:KZ6TZ3XM^+X/5'Z9ADQV=$48? MM#X]=0%R;\OZ\EQ\K8V#)YZ.."3.AO4?D-Y#H8,5[FW5+V&:;!^,,("@;?(T M1[2_3$5A:":+[9[&EM7[#>'GBD08"J"51@X&J)"SS)GJ.ET,;)-(XU'>MMKD*LN3*@5VLO@]G6=YNOQ1]C2HU?NU M;&[U^CU9WA1!-L4QS=L# 7D]MB*2SFB ' Y?.)4Z_'!G87*.>HV1>'E*<;R2 MZG?$')/C_[GT\46,MS*,$L:P(5QS8*O%7S%TF^SJ!>PS_[7)&( M<<28 Y9PY[D-NI+=&:?4LT;[S>!G\$NUA.Q0W-'Q(IT<09SU\T%?"@,])THP MHP0B F!=^5>P:)(&=Y0N\.9"/L":4V =BC(VG:V6>X]#/U,BDE !21BBPAOF ML0/FSF=BA6@26^^/6/)+V^"?17 ??X.GF_NOV< MY$5*D]#FQ8?5(56%XQY+S<(T1401"C9UW"#"+,7*X,DL,ZRG79F_6WK D;5T< VO0 MY_ISO Y]KJ:(*2B<5!2'N'UJ$MB:''X,QB%S>93])D M\2Y=IM?Q-OJ_L)C3^YM3O<=G[K1AW:*=MMIT,9EEBU4MK^!1]426ZK *D%!+ MA@242#"Q/1G+-7#U4@L,B,=E$)">[4]R=%Q%D7)0*PV1IIZ@H%)EH&R)B)2B MR2&V41IB'?'EB35I9T(8E0*QR3).9S^;'B$.6.F$5= 3 #@+/])28!"I6J.F M&SR*/9][K;\\<$WFTP4BYD68,GUQT,M[)%5@?M5#1QM=W3K"0WP=23_K .J^ MK-J[ 6_B1:*^I_NV;Q\_' %GL<6\4E6$:+'NH<$]W\?;'F 8BWLN6 MDQ$]S)G/M^F:"(!AL*9!^"!Z%U9!5^DLK/V^+5;I\O>D6"T](?]GGXTDDMI MH #FDH1%&V-EZ K7FI F>VJC%_PITLK:!;0W7?%01P:+-'F[3&[WSBS/%HK" M8E[1XL ,$-1!K"%VMNPE-JR)OABA%2QSS.Y-.$MQKQJ$!N'2"\/?RJ3G$ ]'J(EF[],PL3F\7FT[4 MY]43A2-+G!+8AO\ T,PR#V&%I_/G%B_2/;&:8]R7^\1FD]5ZHWD^=:'Y12#X M59;?KBL[P5WRI.VU[QU[G!YUBT: >0:U,"*,6BK"ZX,ML?5L*RY\K4,#^\;M M(IG\Y3K[^F::I,60)<4/12_)SD@-'T6;%GY,KM=GV.;+]_'M4SZ-YQZ-K$/( M&^B5AUZO;U)P952:DI:>B7IO7ZQ9J[@>I]./XX8)?<[CV=LPCK[_W^3'7G(\ M>#8"5IGB]",Q0M.P\&*BM*&\"K_TFLCM1;.C&;#=T*/LH85NX]$"&&J MJ-5::>6E0!@X7[89*MSKM7$OE P-\.R6 Q=E;EX;+P^1X=ZS$5(:0A,:C9R*%-+)"$XU# M;P./ 8%EW)1BDC51$B.Z*:93.C0!M%LMX=/%))[]OR3.??CD*;_"GJ5E4J,=:/L@R4:7U:?)SO,1D]@J*:'&RE* M/&(45IJ/JR89!XX_D'T.1#D=W&ZHLDF]NL/B_8;'^-0JHV!JA_6W\%IP Q$S MOFCS%B5F=)/#!6.-#&Z?00\O0NU'&$/JD0+&;)ZL\T"_3[;>GG2R?:1(@3J" MD.&>%0ZR'HA@71+(19 8(E0BKK20)OQ/::W3CMU@\6ERDTQ7Q8V\-HAGGDQW M17G7DX-1Q$?5$QED+<28,ZH0XLQB@46)A]6&G,=V7*=,>9CQLT/\^PK%N .F M:'6Q>7 @ZOCI L6]5L)(2PQ BDAFI>.P[!T/.ON\V-61Y+,.H!Z.2 >#DI\K M$G$$O$/8L'7Z+(HTT;SLH<"RB?-EA&1J*N:#K#D)U;YXL[7.-B/GWF!Z-JBY M;M$(!V/-2:*MELA3K(1 ]+S(^MA#N#(1W-8+Q:Y6/ MG)..>:.\I- !;;&'INP[?5(X XYBVTZYB #D MD 1&:$441\A96?45>'IFYPM;EO]!=IV.]'"L*A-M'TVKW8*1$%:PT%]7]! S M+XTL1Z@,-D437HU0>_7-JP90#T>L(M/V9)D4GIM5/O^PMD'58I'L/7-T3#61 M\4PIIS&!$"!O %.F,A>@:[3*K!]T>O_VB MC^+@TU5$7B*JC;(DK-R(=I++8!-O$>"FT>4EQX?W=IYRKV_FM0+ZD+O?[^-\ M<\?>S[?);8)NX,Q1B+RVM(BA*I*8<8:,M@S;6O$BY[3)[1DG7$/LI26""$-@ M<0WX!@^'^)FEL^F$*8TVN8_#_Z5MW(XR _K^U(CY6#'F@G' T#G I(M]:& M08SWN_]]+C-E%\@/[]_WJV5H_W99EQ=)A_+T\VI]N^O[L'2[.SUVDMN_=NV1 MT2@,5TK#?$2*H$]"$-GB1JER_-QBA5IF4^V-@*XD,AR3[_5!_RB[=A1?GZDC M\D8Y(I"B3#N$!(8>R1(#C/69A77TS47XFAY<.)A77F'')J,&> M0HMD>2;'(MLX.5H;#J_WR7+'D;J149U38S5KB*"A@@-N11@!AB.G";X[".71 MV=VBV@D_GG5SM8E]7ZK!QVG^]WBV2GY/X@*.V\U1,)_.X_DD+9*#!7A6PUX^ M4[5QQR"NH1SV%8N\!!Y1RX-Y@*UCD!A9WN$A/# #'BI]JMEU=,#>; MG-O@;47R66< #S!TA]Z?;G\$:P8,-Y($#XF!1O@OMFCVA8I\ HTFUD2$T+"I%,6U! M(K#F0+,M6M(RW6M&Y*$U0&WF/+S,OC\!]*4AWB??+O)LGJWFDV18&UU-)J$5 M1=KWBVR6%KGD:^B'YPM%QB"$G<=2&L.(9A )P*$5-(@=033@!/\IO9ZG5^DD MGB\?M[_68KU6!1%T0&K%.688> O"7+V7=K@PH/%^9=X#S8 MR"X;?C8C' ""#5.8$RT\#5:7 C+@+BD ##LP8 !:P'ZGW8^E\&/SM';GY-J@1]8KXGV-_T^KSXOD7ZM0WGT==&)_ MV) :@_ZY(A$26'@N11%V#+ Q6/EMUCZ.B=*U]O;[Z66M>?RY,A'D%$-'@(28 M0F4DY\*7_0P8]!I+VH>UWES@#Z?NEJ"M,5JW?RB^?(X7R=_^X_\#4$L! A0# M% @ T7[Z2E;<2XKA@@ EZT& ! ( ! &)M:2TR M,#$W,#8S,"YX;6Q02P$"% ,4 " #1?OI*M9LI'=X' !B10 $ M @ $/@P 8FUI+3(P,3